Published:March 26th, 2011 13:00 EST by Bruce Calder
Monday's Good Bets
The stock market is heating up and along with that come a few good bets for Monday morning. These stocks were picked by my system based on insider trading and positive technical indicators. Of course there`s no guarantee any will perform well but I don`t think they do half bad. I`ll have to go back and see how well they`ve done.
In descending order of wowness here are Monday`s "good bets":
(MCB) McCoy - Recent insider buying by at least 2 insiders this company even pays dividends apparently.
(HNL) Horizon North Logistics - Last featured in the March 11 article "One Good Bet" when it opened at $4.26. Closed Friday at $4.75 - an 11.5% increase in 2 weeks. This stock has been climbing steadily from $1.50 since last July.
(OEX) Orleans Energy - Insider buying by a number of insiders but under a company stock purchase plan. Not sure if this can be considered as good as buying "in the public market."
And the the "riskier good bets" which are going for under $0.45 a share - again in descending order of "wowness":
(GWC) Groupworks Financial
(MYG) Methylgene - Up over 100% Friday! I personally wouldn`t bid at the current price after it already doubled, but that`s me. Too bad my system isn`t smart enough to have identified this Friday morning.