TradeKing1's Round Table

FRPT - Shares of Force Protection were "forced" into the gutter this morning as short sellers piled on the vulnerable security.  The stock traded as low as $6.61 per share, which is 51.64% below the 5 DMA, calculated from the five days immediately preceding the plunge.  There is no new "news" to report, just the possibility that the U.S. Marine Corps will be slowing their purchases of armored vehicles.  The company just built a new manufacturing facility in North Carolina and is expanding its business operation.  Call me crazy, but I don't think the need for blast protected vehicles is just going to disappear.  I am holding this medium term for a bounce play, but I also think this is an excellent buying opportunity for the long term.

PAY – VeriFone gapped up very nicely this morning, but it hasn't quite had the follow through I was hoping for.  It may run later in the day though, and, overall, the stock is behaving itself quite well.  I am still scaling out of my call option position to free up capital for the next play, but I believe this is still a good long term hold.  I would be a buyer again on any substantial pull-backs.

TELOZ - This ticker appeared on my screen late yesterday afternoon.  It is one of the most promising bounce candidates currently presenting itself.  TEL Offshore Trust owns a royalty interest in oil and gas properties located offshore Louisiana.  The stock has been on quite a tear lately, but it has now pulled back considerably.  There is no news to cause this sell-off that I am aware of.  I am taking an initial position here and will continue to research the situation.

AMC, KOSN, NAVI, MYE – These are all possible bounce candidates that I am watching today.  They are still early in the process though.  We'll have to watch and wait to see what develops. 

Trade Well,
TK1

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Read the full analyst report on TELOZ

Read the full analyst report on AMC

Read the full analyst report on KOSN

Read the full analyst report on NAVI

Read the full analyst report on MYE