Wednesday, October 6, 2010

5 Stocks To Buy Right Now

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Today, I wanted to give you my screens 5 stocks to buy right now results. This doesn't mean that they will indeed go up. These are just the five stocks that made my list today.

FFIV
TPCG
EBIX
SMTC
ZBRA

I found these stocks while trying to figure out which shares to buy today by reading Investors Business Daily's Stocks On The Move screen. After they show up there, I screen them for a few more characteristics to eliminate the stocks I want to review to a smaller number. This is what the game is all about, looking at the market, then looking at a smaller portion of it. Let your criteria for stocks be your guide and don't get frustrated if you see another stock go higher without it showing up on your screens. There are plenty of stocks to choose from - particularly in a market uptrend.

I've already established positions in ZBRA which I subsequently sold for a small loss and have 3 positions in EBIX which I continue to like. The stock I bought today was FFIV. F5 Networks. I like it's price performance so far and it seems to be under accumulation. I don't like the fact that it appears to be extended from a proper buy point. A better strategy would be to let it consolidate some of it's gains and let it establish a proper buy point.

From an investors point of view, waiting on a stock to consolidate is a tough thing to do sometime. I'm entering this stock knowing that it might not go higher and start forming a new base. One of the things that I will have to exercise after going through this case study is patience and waiting for the stock to perform a certain way first -- then buy.

For today though, I am consider it one of my best stocks to buy. Good luck on your stock market investing program.

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