....... wandering the wasteland of companies that hit the inside-buy screen. Some real pound puppies there. Lost one of my other precious Etrade screens, a list of companies that have made the top ten winners list on the Nasdaq or NYSE. The idea behind the screen was to follow the gap for awhile and see if a buy-in point emerges. I can always start a new screen, but it would be nice if the application would prompt me before I delete ( close window ) a list that took weeks to set up.
One stock that caught my eye on was Orbital Sciences Corp ( ORB) . There was a very small inside buy the other day, and it gapped up today. Very interesting play, hopefully it dips under fifeteen. The maker of rockets has blasted off since dipping under eleven last October. The stock may be a little overbought, then again, it may just be in geo-synchronous orbit, a little rich. This stock would go on any new watch list of mine.
Another inside-buy related stock that did well today was TRC Companies ( TRR ). From a purely technical standpoint, seems to be a good ingress point. The stock pps recently crossed above the 200 day sma, and the 20 day simple moving average is about to. Also involved in wind-energy related projects. Yahoo says they have 2,400 employees, and a market cap of $175M. Can I live with average daily volume smaller than Novatel....
Caliper Life Sciences ( CALP) caught my eye on the inside-buy screen. The reason they are interesting right now, is the pps has crossed the 200 day line, and the 20-day sma is turning upwards. Technically a good ingress point; the price/sales of 2.54 makes anything under six dollars a speculative buy. They have been losing money for years, but the top line has been steadily growing. They may even be on the verge of reporting a positive quarterly eps.
Closing with the stock that reminded me why I love to follow the inside buys: ICO, Inc. ( ICOC). Insiders have been buying for months, all the way up to $3.92. Today's close was $4.58. I had a limit order for them, but took it off because the business wasn't sexy enough. They sell resins and quarterly sales have been flat recently. Looks like they made seven cents per share in their best quarter ever. There is something to that inside buying, though.
If I had to choose the pick to click, it would be CALP, just a feeling. Buon fortunados....
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