20 Stocks to Buy on the Dip

The following 20 stocks are at the top of this week’s watchlist. I plan to remain patient and only buy on dips close to support levels.

JASO, LULU, DRYS, NILE, CF, FSLR, FCX, EXM, BHP, CMI, AGU, SINA, CTRP, PCU, EWZ, FDG, SID, LIFC, FLR AND CPHD.

11 thoughts on “20 Stocks to Buy on the Dip

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  1. You jumped on FWLT too soon imo, I think this one may pull back a little more to 125 or so.Hope it turns around and rallies for you.SWHC still a good short, good thing you bailed on it.TC

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  2. Regarding FWLT: Under what circumstances do you advise buying a stock that is not pulled back to support?Why not just wait for the stock to get to 125?Thanks for your thoughts.

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  3. It depends on your time frame. My FWLT trade is more of a position trade. Since the stock had already pulled back 5 points from it’s high, and technically looks like it could breakout to new highs (based on the accumulation pattern), I was willing to take a small “feeler” position here. I never take a position if I’m more than 5 percent away from support or am not willing to place my stop under support. I also use a small position size.

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  4. Pete:Definitely would not short SWHC now (18.25). It’s too far extended on the downside. Actually, I just covered my short position.The right time to short SWHC was on Sep 13 when it broke down through 20 and closed below.The second opportunity came last week (Sep 19/20) when it rallied back to 20 or so again only to fail again.Hope this helps.TC

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