Checking my previous posts for symbols to add to my shopping list; #HYHRD: spreadsheets… and #HYHRD: Charts… yields this info;
From the #HYHRD watchlist;
Based solely on the scoring procedure used on this Screening Spreadsheet, I might look into buying; $NRZ, $LEG, $ANCX, $AOS, $APTS, $WU, $HAS, $VLGEA, $NWL, and $SPTN and may initiate a position at some point in the future. In so doing I would most assuredly affect my overall dividend yield, but the annualized total return may be worth that compromise. They must also look good on the charts.
Now, the above are the top scoring stocks based on return and yield from each watch list. That alone doesn’t actually qualify them for acquisition.
I then take a look at the results from the charts;
Based solely on this look at the charts, it is clear to see that some stocks are trending down, but some are trending up. There are a few new opportunities from the watchlist stocks. The current holdings are down quite a bit. It may be a good time to catch some ‘bargain’ prices on my current holdings, or build up cash reserves (‘dry powder’) for later deployment into other opportunities. There may be many other opportunities ahead, and I am watching and waiting.
For longer term growth, these dividend stocks stand out as trending up in all 6 charting periods; drad, nrf, ancx, aos, cnmd, fcap, wstg
For shorter term growth, these dividend stocks stand out as trending up in the 3 most recent charting periods; bgcp, loan, nymt, vgr, apts, avx, brkl, has, leg, mrcc, nwl, nycb, rrd, sptn, stwd, swk, two, wu, zfc
For growth, it’s evident that the shorter time period growth potential appears higher than the longer term growth potential.
I might be tempted to buy one or more of the above on any dips.
Then, I apply this method;
- 1st look at actual yield (of current holdings) – select top 3 – wmc, orc, nymt
- then look at equal weight (of current holdings) – select top 3 – wmc, loan, o
- then look at score (of current holdings) – select top 3 – loan, bgcp, wmc
- then look at chart results – select longer term growth results – drad, nrf, ancx, aos, cnmd, fcap, wstg
- if any congruence with chart results, then select (maybe if on a dip) – (none)
- then look at current holdings and select symbols with gains – wmc
- else may be time to initiate new positions (if on a dip) – drad, nrf, ancx, aos, cnmd, fcap, wstg
- else, use best judgement – (from the top)
- 1. – I already have quite enough orc & nymt by a long shot (according to equal weight). I will buy more wmc.
- 2. – I will buy more wmc, loan, & o on any dips.
- 3. – loan, bgcp, & wmc are confirmed.
- 4. – drad & nrf are confirmed. ancx, aos, cnmd, fcap, & wstg are possible acquisitions, but they need further DD.
- 5. – nothing is confirmed.
- 6. – confirmation for wmc
These are not ‘hard and fast’ rules, but they’re a start. I’ll use them to guide me, but I may veer off in any direction at any time, such are the vagaries of my mindset (I’ll bet you knew that already, Cupcake!).
P.S. One more thing; I just started posting about Point & Figure charts for stocks already owned or under consideration, but they change daily, after the market close. I consult those posts (because they’re usually some of the last that are posted each week!) for additional info when shopping for stocks. I also started posting about a ‘top ten’ comparison, which might also be a good place to start looking for new additions. Just a thought…
Live long, and prosper!