IPO, Stock of the Day Updates

A few stocks featured on this blog, as recently as last week, are moving higher so I would like to draw attention in their direction. All three stocks were found on my IPO fundamental screen which is explained in detail in this post: Fundamental Screens and Scans.

The first stock is CBEY, one that was highlighted as a Top 10 Stocks to Watch: Trend Buys in March of this year while it was trading below $30 per share. The stock has since made a move to $38 and currently holds a 32 % gain over the past three months. This was a piece of the analysis I gave when it debuted on the blog:

“CBEY – 29.03, the stock has been consolidating over the past four months without violating the 200-d m.a. so that is positive but recent volume has been increasing on distribution days. It is a buy if it holds support above the 200-d m.a.”


LOOP came to us in April of 2007 after I returned from Hawaii. The stock was blasting out of a quadruple top breakout on the point and figure chart just shy of $19 per share. It closed one penny shy of $22 yesterday for a respectable 16% gain in less then two months. The stock has moved higher in seven of the past eight weeks with a clear up-trend above the trading range I highlighted in my original post: Quadruple top Breakout (LOOP)

Here is a taste of the analysis I gave during that original post:

LOOP – $18.93 “LoopNet was screened on MSW back in late 2006 as an IPO to watch in the future and may be starting the run that I anticipated it could take late last year. As we look for red flags on the downside, this green flag on the up-side is one to be noted.

The next major milestone will be a new all-time high above $19.92 (closed at $18.93 today).”


FCSX debuted on the blog last Monday after a nice boost by Cramer’s analysis the prior Thursday and Friday. The stock retreated to $45, an area just above my ideal entry of $42.50 and just above the current 50-day moving average. Yesterday’s 8.23% gain came on strong volume giving us another indication that institutional buyers are stepping in. It may be time to jump on this train before it takes off.
The original blog post and analysis can befound here: FCStone Group Inc. (FCSX)

“Potential Trade Set-up:
Risk a maximum of 1% of portfolio
Set a stop loss near $39.10 or higher (7-10%) with entry near $42.50 gap-up
Target of $63+ based on previous high to low action (pure speculative target)
Risk to reward has a potential of 6-to-1 based on exact entry, target and stop listed above.”


My IPO screener has been very successful this year but I must say that it can and does present me with 30 to 60 stocks every night so I use technical analysis to select the ones I believe will provide the most opportunity. I plan to upload another blog post later today that will feature three new IPOs that are grabbing my attention, both fundamentally and technically.

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