While my blindfolded dart throwing monkey usually helps to populate my stock watch list, from time to time I employ a unique method that has an amazing track record. It has been back tested and recited trillions of times. With school time already here, or coming next week for everyone else, I decided to bring out the incredibly accurate alphabet method.
With the Atlanta Braves allowing exactly 6 runs in the first 3 innings last Thursday night I went right to the 6th letter of the alphabet which is.....F! Had the Braves put up goose eggs, I'd have to switch to the Cardinals. Phew. Using the Braves score has a 63.256% success rate in my simulations.
I then scanned for some of the more compelling bottom trades, stocks that looked to have hit bottom - and I came across $FUEL and $FEYE.
I think both look poised for a strong rally heading into the fall 2014. I bought calls in both and plan to profit on this move higher. Of course both names have been beaten down for a reason and could continue to fall to fresh lows. There is risk getting into these names, but I also think there is sizeable reward and that both stocks look to have bottomed recently.
