Slope of Hope Blog Posts

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Lottery Prospects

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I have a watchlist named Wreck where I keep all the really, really trashed issues. Strangely, this is also the wishing well from which I draw all of my IRA purchases. It's a weird strategy that has worked pretty well.

Going through the list of 200+ stocks this morning, a lot of them have soared recently, only strengthening my resolve that we're in for a tumble next week. These are really crummy stocks that have been propelled upwards by little more than vapors.

If I'm wrong, though, and the market's strength continues, I've selected the most interesting of these "wrecks" that haven't been thrown so high as to be pricey, nor is their stop so far away that it is unnecessarily dangerous. Keep in mind, though, that these are really battered stocks, and the fact that a number of my "wrecks" apparently went to Ticker Heaven (delisted, bankrupt, etc.) in just the past couple of weeks should tell you something.

 CMZ  CROX  CVGI  CYNO  ENTG
 ETFC  FMCN  GLG  GU  HLX
 HZO  IBNK  LINTA  LVS  PIR
 PL  RAME  RJI  SFI  SIRF
 STP  WMFI  WFR  XIDE  XING