Thursday, July 17, 2014

Thursday's Prospects: Round 2

The lone survivor of my first round of screening, BRC, has failed to make it past the second round, leaving nothing for me to analyze further today.

BRC confirmed its bear signal but fails on practical grounds. With a 30% bid/ask spread on front-month at-the-money puts, there is no reasonable way I can construct a position out of options that will profit when the stock price falls.

Also, BRC has a bullish rating from Zacks Investvestment Research, the service I use as a short cut for my fundamental analysis. I prefer that the Zacks rating and the signal not be at odds to one another.

See "Thursday's Prospects" for a full description of the first round of analysis.

-- Tim Bovee, Portland, Oregon, July 17, 2014

My shorter-term trading rules can be read here. My longer-term trading rules can be read here. And the classic Turtle Trading rules on which my rules are based can be read here.

Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.

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