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| Top Stock Picks Portfolio Comments2010-09-08: Potential short-sell swing trade opportunities for Thursday: ****, **** and **** - all reversing off new highs. Stop trades entered on weakness below Wednesday's closing prices.
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Past Top Stock Pick Learn from these chart patterns. (Past performance does not guarantee future results) Up 28% from $34.25 (2004-06-28)
On June 28, 2004 we profiled Tsakos Energy Navigation Ltd (TNP) as a Top Stock Pick
to our members at $34.25. Within a period of six months, TNP rose to a high of $43.94, for a return at it's peak of 28%. Obviously, one cannot sell exactly at the peak, but here is what we had observed about TNP: - GSA Rank: 70.4 (Our proprietary ranking for TNP using fundamental AND technical factors)
- Accum/Dist Rank: 1.09 (Up vs. down volume action of TNP taken over several weeks)
- Discount : -47% (Our measure of TNP's valuation)
- Industry Group Rank: 7 (TNP was in an industry showing strong group action)
- Projected Growth Rate: 15.00% (TNP's projected 5-year growth rate)
Most importantly, TNP was trading just 0.4% off it's 52-week high price, and had a breakout from a sideways price consolidation pattern on heavy volume, a clear signal to time our position. It is imperative to not only buy the best stocks that are fundamentally sound, but also to time your purchase correctly.
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