• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing
  3. / Stocks

'Junk Stock' Trading Time

Move fast and maintain a very high level of discipline.
By JAMES "REV SHARK" DEPORRE
Nov 21, 2012 | 10:16 AM EST
Stocks quotes in this article: TASR, PERI, SRPT, CALI

Despite some negative news flow, the market is shrugging it off and trading with a positive bias.

Nasdaq breadth is running about 1200 to 800 positive and we have some strength in biotech, chips and retail, while precious metals, steel and commodities are the laggards.

As I expected, there is some holiday-related speculative action in small caps. I'm playing some names like Taser International (TASR), Perion Network (PERI), Sarepta Therapeutics (SRPT) and China Auto Logistics (CALI) and digging for some more. 

PERI is one that is of particularly interest. It is an Israeli company, which is a bit of a negative, but they did an accretive acquisition recently and are expected to grow earnings 80% to $1.57 in 2013, according to MarketSmith. It has been acting well and I'm watching for a breakout move over $9.50.

I'm going to keep digging and see what else pops up but the theme today is day trading "junk stocks." That means move fast and maintain a very high level of discipline. If a stock isn't cooperating, sell first and ask questions later

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

At the time of publication, the author was long SRPT, PERI and TASR, but positions could change at any time.

TAGS: Investing | U.S. Equity | Stocks

More from Stocks

Fed Talk Prompts Some Buying

James "Rev Shark" DePorre
May 17, 2022 4:37 PM EDT

This is still just bear-market bounce, but that doesn't mean it can't run for a while.

J.B. Hunt's 18 Wheelers Are Ready to Roll Again

Bruce Kamich
May 17, 2022 1:15 PM EDT

Let's see what the charts and indicators look like.

You Don't Have to Takes Sides on Apple (If Your Timing Is Right)

Ed Ponsi
May 17, 2022 11:51 AM EDT

It appears that hedge fund owner Michael Burry is betting against AAPL and Warren Buffett is betting on the stock. But let's look at their strategies and why they might both turn out winners.

Home Depot Can Make a Recovery Rebound

Bruce Kamich
May 17, 2022 11:47 AM EDT

Let's take a look at the charts.

Walmart's Results Are Ugly, But For Now It's Tradable

Stephen Guilfoyle
May 17, 2022 11:20 AM EDT

Walmart is technically oversold, and deservedly so based on the fundamentals.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 03:07 PM EDT PAUL PRICE

    Why is Wal-Mart Down Big Today?

    Besides its poor earnings report Wal-Mart (WMT) wa...
  • 07:14 PM EDT PAUL PRICE

    A New, Very Scary Movie

  • 08:51 AM EDT PAUL PRICE

    Advice From the Future...

  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2022 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login