Here are BUCKzology's TOP TEN STOCK PICKS FOR 2011 & there are four rules I follow when trading on-line or on paper trades...First, pick stocks under $10 a share; this allows you to purchase a substantial number of stocks at an affordable price with upside potential where small moves can translate into big profit.
Second, remove your ego from the equation every time you place a trade. The stock market doesn't respond well to an ego. When trading stocks online, you need veins of ice and hell with a sense of humor thrown in for good measure. Just laugh it off and relax when you make a bad trade. The markets will force it to happen, so cut your losses and move on to your next trade.
Third, read as much as you can and study every successful trader you can find. This means going to the library and reading up constantly on every single great trader and getting all the information in your head as possible. I spent the first couple months trading doing just this before placing a single trade, and even to this day still read up on it to improve my knowledge of the stock exchange.
Fourth, develop a great system/strategy to trade on. This can be in the form of a newsletter, a series of videos, trading indicators and signals, or a mentor; form some combination of each. When trading stocks online, you need a specific game plan in order to take home profits. Lacking one pretty much guarantees failure. A good strategy relies on good insight!
According to financial reporter Robert Holmes of "The Street", he states: "The following 10 U.S. stocks trade at less than $5 and have garnered the most "buy" ratings from analysts, which could lead to high returns over the next 12 months." ( http://www.stockpickr.com/thestreet-portfolios/portfolio/top-stock-picks-under-5-for-2011/ ) I whole-heartedly agree! Click on the names for analysis by Google Financials:
10. Achillion Pharmaceuticals (ACHN)
Company Profile: Achillion Pharmaceuticals is a biopharmaceutical company that focuses on the discovery, development and commercialization of innovative treatments for infectious diseases.
Share Price: $3.03 (Dec. 17)
2010 Stock Performance: -2.6%
Current Target Price:
High Target Price Estimate 12.00
Low Target Price Estimate 4.00
Mean Target Price Estimate 5.83
Standard Deviation 3.06
Date of Most Recent Estimate 12/9/10
9. General Maritime (GMR)
Company Profile: General Maritime is a provider of international seaborne crude-oil transportation services.
Share Price: $3.18 (Dec. 17)
2010 Stock Performance: -54%
Current Target Price:
High Target Price Estimate 8.00
Low Target Price Estimate 3.50
Mean Target Price Estimate 5.11
Standard Deviation 1.41
Date of Most Recent Estimate 12/22/10
8. Allos Therapeutics (ALTH)
Company Profile: Allos Therapeutics is a biopharmaceutical company focused on developing and commercializing innovative small-molecule drugs for the treatment of cancer. The company's Folotyn (pralatrexate) is designed to treat T-cell lymphoma.
Share Price: $4.35(Dec. 17)
2010 Stock Performance: -34%
Current Target Price:
High Target Price Estimate 10.00
Low Target Price Estimate 3.00
Mean Target Price Estimate 7.28
Standard Deviation 2.53
Date of Most Recent Estimate 11/8/10
7. Vantage Drilling (VTG)
Company Profile: Vantage Drilling contracts drilling units, related equipment and work crews to drill oil and natural gas wells.
Share Price: $2.20 (Dec. 17)
2010 Stock Performance: 37%
Current Target Price:
Vantage Drilling Company has the 7th highest upside potential in this segment of the market. Its upside is 116.2%. Its consensus target price is $2.98 based on the average of all estimates.
High Target Price Estimate 2.75
Low Target Price Estimate 0.75
Mean Target Price Estimate 1.98
Median Target Price Estimate 2.18
6. Quantum Corp. (QTM)
Company Profile: Quantum is a global storage company specializing in backup, recovery and archive services. It provides a range of disk, tape and software services.
Share Price: $3.72 (Dec. 17)
2010 Stock Performance: 27%
Current Target Price:
Possible acquisition by Dell, Oracle or NetApp
High Target Price Estimate 5.00
Low Target Price Estimate 4.00
Mean Target Price Estimate 4.48
Median Target Price Estimate 4.50
5. Synovus Financial (SNV)
Company Profile: Synovus is a financial-services company that provides commercial and retail banking services, financial management, insurance, mortgage and leasing services.
Share Price: $2.54 (Dec. 17)
2010 Stock Performance: 24%
Current Target Price:
High Target Price Estimate 4.00
Low Target Price Estimate 2.50
Mean Target Price Estimate 3.02
Standard Deviation 0.46
Date of Most Recent Estimate 12/15/10
4. SatCon Technology (SATC)
Company Profile: SatCon delivers power-conditioning services for large renewable-energy installations.
Share Price: $4.27 (Dec. 17)
2010 Stock Performance: 51%
Current Target Price:
High Target Price Estimate 7.25
Low Target Price Estimate 4.50
Mean Target Price Estimate 5.70
Standard Deviation 0.83
Date of Most Recent Estimate 12/20/10
3. Ariad Pharmaceuticals (ARIA)
Company Profile: Ariad Pharmaceuticals develops cancer treatments by regulating cell signaling with small molecules.
Share Price: $4.57 (Dec. 17)
2010 Stock Performance: 100%
Current Target Price:
High Target Price Estimate 7.00
Low Target Price Estimate 5.00
Mean Target Price Estimate 6.00
Median Target Price Estimate 6.00
2. Sprint Nextel (S)
Company Profile: Sprint Nextel offers a range of wireless and wireline products and services.
Share Price: $4.16 (Dec. 17)
2010 Stock Performance: 14%
Current Target Price:
High Target Price Estimate 8.00
Low Target Price Estimate 3.00
Mean Target Price Estimate 5.15
Standard Deviation 1.32
Date of Most Recent Estimate 12/20/10
1. Citigroup (C)
Company Profile: Citigroup provides a range of financial products and services, including consumer banking and credit cards.
Share Price: $4.70 (Dec. 17)
2010 Stock Performance: 42%
Current Target Price:
High Target Price Estimate 6.90
Low Target Price Estimate 4.00
Mean Target Price Estimate 5.37
Median Target Price Estimate 5.50
(sources: yahoo.com, google.com, hotstocked.com, thestreet.com)
Second, remove your ego from the equation every time you place a trade. The stock market doesn't respond well to an ego. When trading stocks online, you need veins of ice and hell with a sense of humor thrown in for good measure. Just laugh it off and relax when you make a bad trade. The markets will force it to happen, so cut your losses and move on to your next trade.
Third, read as much as you can and study every successful trader you can find. This means going to the library and reading up constantly on every single great trader and getting all the information in your head as possible. I spent the first couple months trading doing just this before placing a single trade, and even to this day still read up on it to improve my knowledge of the stock exchange.
Fourth, develop a great system/strategy to trade on. This can be in the form of a newsletter, a series of videos, trading indicators and signals, or a mentor; form some combination of each. When trading stocks online, you need a specific game plan in order to take home profits. Lacking one pretty much guarantees failure. A good strategy relies on good insight!
According to financial reporter Robert Holmes of "The Street", he states: "The following 10 U.S. stocks trade at less than $5 and have garnered the most "buy" ratings from analysts, which could lead to high returns over the next 12 months." ( http://www.stockpickr.com/thestreet-portfolios/portfolio/top-stock-picks-under-5-for-2011/ ) I whole-heartedly agree! Click on the names for analysis by Google Financials:
10. Achillion Pharmaceuticals (ACHN)
Company Profile: Achillion Pharmaceuticals is a biopharmaceutical company that focuses on the discovery, development and commercialization of innovative treatments for infectious diseases.
Share Price: $3.03 (Dec. 17)
2010 Stock Performance: -2.6%
Current Target Price:
High Target Price Estimate 12.00
Low Target Price Estimate 4.00
Mean Target Price Estimate 5.83
Standard Deviation 3.06
Date of Most Recent Estimate 12/9/10
9. General Maritime (GMR)
Company Profile: General Maritime is a provider of international seaborne crude-oil transportation services.
Share Price: $3.18 (Dec. 17)
2010 Stock Performance: -54%
Current Target Price:
High Target Price Estimate 8.00
Low Target Price Estimate 3.50
Mean Target Price Estimate 5.11
Standard Deviation 1.41
Date of Most Recent Estimate 12/22/10
8. Allos Therapeutics (ALTH)
Company Profile: Allos Therapeutics is a biopharmaceutical company focused on developing and commercializing innovative small-molecule drugs for the treatment of cancer. The company's Folotyn (pralatrexate) is designed to treat T-cell lymphoma.
Share Price: $4.35(Dec. 17)
2010 Stock Performance: -34%
Current Target Price:
High Target Price Estimate 10.00
Low Target Price Estimate 3.00
Mean Target Price Estimate 7.28
Standard Deviation 2.53
Date of Most Recent Estimate 11/8/10
7. Vantage Drilling (VTG)
Company Profile: Vantage Drilling contracts drilling units, related equipment and work crews to drill oil and natural gas wells.
Share Price: $2.20 (Dec. 17)
2010 Stock Performance: 37%
Current Target Price:
Vantage Drilling Company has the 7th highest upside potential in this segment of the market. Its upside is 116.2%. Its consensus target price is $2.98 based on the average of all estimates.
High Target Price Estimate 2.75
Low Target Price Estimate 0.75
Mean Target Price Estimate 1.98
Median Target Price Estimate 2.18
6. Quantum Corp. (QTM)
Company Profile: Quantum is a global storage company specializing in backup, recovery and archive services. It provides a range of disk, tape and software services.
Share Price: $3.72 (Dec. 17)
2010 Stock Performance: 27%
Current Target Price:
Possible acquisition by Dell, Oracle or NetApp
High Target Price Estimate 5.00
Low Target Price Estimate 4.00
Mean Target Price Estimate 4.48
Median Target Price Estimate 4.50
5. Synovus Financial (SNV)
Company Profile: Synovus is a financial-services company that provides commercial and retail banking services, financial management, insurance, mortgage and leasing services.
Share Price: $2.54 (Dec. 17)
2010 Stock Performance: 24%
Current Target Price:
High Target Price Estimate 4.00
Low Target Price Estimate 2.50
Mean Target Price Estimate 3.02
Standard Deviation 0.46
Date of Most Recent Estimate 12/15/10
4. SatCon Technology (SATC)
Company Profile: SatCon delivers power-conditioning services for large renewable-energy installations.
Share Price: $4.27 (Dec. 17)
2010 Stock Performance: 51%
Current Target Price:
High Target Price Estimate 7.25
Low Target Price Estimate 4.50
Mean Target Price Estimate 5.70
Standard Deviation 0.83
Date of Most Recent Estimate 12/20/10
3. Ariad Pharmaceuticals (ARIA)
Company Profile: Ariad Pharmaceuticals develops cancer treatments by regulating cell signaling with small molecules.
Share Price: $4.57 (Dec. 17)
2010 Stock Performance: 100%
Current Target Price:
High Target Price Estimate 7.00
Low Target Price Estimate 5.00
Mean Target Price Estimate 6.00
Median Target Price Estimate 6.00
2. Sprint Nextel (S)
Company Profile: Sprint Nextel offers a range of wireless and wireline products and services.
Share Price: $4.16 (Dec. 17)
2010 Stock Performance: 14%
Current Target Price:
High Target Price Estimate 8.00
Low Target Price Estimate 3.00
Mean Target Price Estimate 5.15
Standard Deviation 1.32
Date of Most Recent Estimate 12/20/10
1. Citigroup (C)
Company Profile: Citigroup provides a range of financial products and services, including consumer banking and credit cards.
Share Price: $4.70 (Dec. 17)
2010 Stock Performance: 42%
Current Target Price:
High Target Price Estimate 6.90
Low Target Price Estimate 4.00
Mean Target Price Estimate 5.37
Median Target Price Estimate 5.50
(sources: yahoo.com, google.com, hotstocked.com, thestreet.com)