Street Justice: I Love This Game!

I think all my loyal bulls out there know that every day of this recovery isn't going to be filled with monumental gains. Hi everybody. I'm feeling quite chipper today considering the market gave back a lot of it's gains for the week. I know that in a year from now the DOW will be using 13000 as support and not resistance and you can quote me on that. We may be in unprecedented times, but we are taking unprecedented mesures to ensure a quick and robust recovery(quicker than you think). A few TV personalities and so-called analysts try to show how smart they are by bashing "The 3 Wise Men"(Paulson, Cox and Bernankie) and the work they've done. The truth is "The 3 Wise Men" inherited most of the problems they are trying to fix and in my humble opinion they are doing a fine job. Alright, enough of my ranting. I managed to find 4 stocks for you to check out today.
ENZN/Enzon Inc. is first on the list today. They are a biopharmaceutical company which develops and manufacturers pharmaceutical products for the treatment of cancer and other life threatening diseases. They have a vast product line used in the treatment of various types of cancer and lymphoma which are sold in the US, Europe and around the globe. ENZN was a tough one for me to recommend. There weren't a lot of positive numbers. For example, the relative value was the lowest I've seen yet (0.06 of 2.00) and their forecasted earnings growth rate is -11%. So, you wondering why I am backing it. Fair enough. ENZN's net income has increased 290% over last year and they beat earnings estimates by 90% last report. Enzon has climbed(price) 24% over the past 52 weeks and 17% over the last month. Unfortunately, there aren't any cures for cancer only treatments. Until this changes, ENZN has room to grow and with a recent price dip now may be a good time to snatch some ENZN up. Next is IIVI/Ii-Vi Inc. They manufacture, develop and market materials and derivative products for precision use in medical, military, security and aerospace applications. These products include precision optical infrared sensors, thermoelectric coolers, x-ray and gamma ray sensors, laser lenses and engineered semiconductor materials. IIVI sells these products to original equipment manufacturers, system integrators, laser end users, aerospace customers and the military. The numbers for IIVI were slightly more impressive than ENZN. The relative value, timing and safety are all excellent and they boast an 18% forecasted earnings growth rate. Net income for IIVI was up 251% over last year and 13% over last quarter. They have a net margin of 20% over the past 12 months. IIVI has climbed(price) 46% over the last year and 28% over the past 4 weeks. TS/Tenaris SA is number 3 today. TS manufactures and sells steel pipes and associated products. They sell large steel pipes used in pipelines primarily for the oil industry as well as equipment used in oil extraction and electrical conduits. They have customers in North America, South America, Europe, The Mid-East and Asia. Ts has decent relative numbers and an 8% forecasted earnings growth rate. Sales for TS were up 30% over last year and net income was up 1% over last year(steel prices). They have a net margin of 20% over the last 12 months . TS has seen gains(price) of 24% over the past 52 weeks and is down 9% for the month(time to buy!). Tenaris also pays a dividend of $0.60 per share with an 8% dividend growth rate. Last up today is VOLC/Volcano Corp. They develop and manufacture intra-vascular ultrasound and functional measurement products used in the diagnosis and treatment of vascular and structural heart disease. They make stand-alone and custom units that can be easily integrated into hospitals worldwide. The only relative number for VOLC that impressed me was the relative timing at 1.70 of 2.00. They do have a forecasted earnings growth rate of 30% though. VOLC beat earnings expectations by 25% and sales were up 26% over last year. VOLC has only seen gains(price) of 3% over the past 52 weeks, but they have jumped 23% over the last month.
With the market taking a dip, today was a great day for reviewing our portfolios and looking for opportunities to add to certain positions. I say it was only a dip because oil didn't jump crazily and the dollar held it's ground. If the market were in trouble again we would see more volatility in the other indices. Even in a time of healing there will be some pain.
well, you all know my opinion about today's losses. What do you think is going on? Are we headed back down into the bear cave? Are these just growing pains? Let me know.
The stock market may still have a few bouncing betty's lurking around that can blow your portfolio to pieces, but Forex trading couldn't be better(well it can always be better). I have stumbled onto some smokin strategies and the dollar is pretty hot itself. The biggest gains I've seen have come from shorting the AUD, EUR and JPY. Though a AUD/JPY short also brought me some big bucks. Bottom line is the USD is makin some solid moves back up. Watch for further USD catchup versus the AUD and CAD because they are linked big time to oil and gold.
I must say I'm quite happy with the progress of my blog so far. Thanks to you(my readers) I have acquired some key sponsors(Investing System and Zack's Investments) which have provided me with the tools needed to keep Street Justice going strong.Thank You for your support and I will continue to bring any info I can, cause we're all in this together. Thanks for reading.