I just had to get this last post out for the day. It was a brutal beating for stocks. I called a 400 point loss for the Dow around 1:30. It darn near got there. Of course, in the wake of the carnage, I had to check how TRIGR’s stocks did today. The Top 5 actually had 3 winners. And just a few pennies, either. One was up 4.35%, another did 3.5% and the third posted a crushing 9.29% gain.
You want names? Sure here you go. The winners were: Rex Energy (NASDAQ:REXX), Approach Resources (NASDAQ:AREX) and Encore Energy Partners (NYSE:ENP).
Now, I’m sure you can look at these stocks and say, well sure, of course energy stocks were up, oil prices ramped $11. But the thing is, the TRIGR Top 5 came out at 9 AM, well before oil started its huge run. And besides, TRIGR doesn’t look at oil prices. Or the value of the dollar, or the unemployment rate or any other economic data.
TRIGR measures buying. It finds the stocks that are being bought, no matter what’s happening that day. We all know that stocks that are being accumulated tend to make long steady runs higher. Finding those stocks are the best way to ensure yourself solid short-term gains. And that’s exactly what TRIGR does.
Oh and TRIGRs losers today? One was Cano Petroleum (NYSE:CFW), down one-half percent. The other was good old Graham Corp. (NYSE:GHM). I said in the last post that Graham seems to jump $2 a day. Well, today it gave 2 of those dollars back. It appears to be recovering 50 cents after hours. And I’ll bet dollars to donuts that it gets at least $2 back on Monday. But they’d better be good donuts.
Have a great weekend,
Ian
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