Friday, March 18, 2011

3 Double-Digit Decliners: Guess Inc. Offers Best Buying Opportunity

Robert Weinstein submits:

"In ancient times skillful warriors first made themselves invincible, and then watched for vulnerability and their opponents."
- Sun Tzu, The Art of War

Yesterday certainly was a busy day for many investors. Three stocks in particular caught my eye; I traded one, tried to trade another, and will be looking to trade the third today. All three ended the trading today down double digits. While many of the numbers look interesting, only one of the three is a value buy at current prices, in my opinion.

The first stock, Sanmina-SCI Corp. (SANM), is an $853 million electronics manufacturer that opened gap down approximately 15% lower than the close on the previous day.

The gap lower caught the attention of my scanning computers, and I looked to buy the stock in the panic selling at the open. SANM did not quite trade down low enough for me to enter. Later


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Eliza Dushku Bonnie Jill Laflin Joanna Krupa Ashley Olsen Danneel Harris

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