Monday, May 28, 2007

Still finding good stocks

I just ran the yahoo stock screener (big, growing, and cheap) and then I added the filter of stocks BELOW the 50-day moving average, and I come up with Suez Corp (SZE), a French ADR that is forming a nice base after a monster run.

This company handles electricity and all forms of energy (NG, you name it).

The only negative I can find is that for a utility I don't see a dividend...that's a little weird, and I'm going to look into that as best I can.

Anyway, I'm not saying this is going up tomorrow; I'm saying it seems like a really profitable, really fine growing European company that is setting up technically in ways that I like.

But I did put in a buy order, just in case it starts to rally again. I am mostly balls-to-the-wall long again, with a couple short ETFs (Short REITS, short semis, short financials) for the sake of my well developed sense of paranoia.

The party is going to end eventually. It will be fast and scary...but meanwhile if things are frothy I just need to keep working the technicals and try to do as well as I can.

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