Let's update the status of the stocks on the shelves of my Tech Five & Dime.
On Aug. 22, I wrote about the top three tech stocks, according to my models, that were trading between a buck and $3. As the table below shows, Actuate ( ACTU Quote) is up 6.3% since then, Lucent ( LU Quote) is up 13.2%, and Ciena (CIEN Quote) is up 25.1%. On Sept. 6, I profiled the top three tech stocks under my models that were trading between $5 and $10: Interwoven (IWOV Quote), which has fallen 2.7%; Micromuse(MUSE Quote), up 13.2%; and RealNetworks(RNWK Quote), up 5.6%. On Sept. 7, I shared with readers the best-screened tech stocks trading between $3 and $5; Lucent graduated to that category on Aug. 24. Since then, Lucent is up 2.2%, Intellisync(SYNC Quote) is up 9.6%, and Terayon Communication Systems ( TERN Quote) is up 14.7%. On Sept. 21, I decided to open shelves in the Tech Five & Dime by industry group, stocking up on office and computer equipment and computer manufacturers and electronic devices. Tellabs (TLAB Quote) is already up 10.7%. On Sept. 23, I added a software company shelf. In October, I plan to stock the shelves with low-priced semiconductor and computer-related companies.| Taking Inventory | |||||||||
| Company Name | Date Posted | Price at Close | Price on 9/30/2005 | % Gain/Loss | Under Valued | Weekly Chart | Value Level | Pivot | Risky Level |
| Stocks Between $1 and $3 | |||||||||
| Actuate | 8/22/2005 | $2.38 | 6.30% | 56.80% | Pos | 2.14 Q | 3.17 Q | ||
| Lucent | 8/22/2005 | $2.87 | $3.25 | 13.24% | 55.00% | Pos | 2.62 M | 4.47 Q | |
| Ciena | 8/22/2005 | $2.11 | $2.64 | 25.12% | 75.00% | Pos | 2.13 Q | ||
| Stocks Between $5 and $10 | |||||||||
| Interwoven | 9/6/2005 | $8.40 | $8.17 | -2.74% | 75.00% | Pos | 7.63 Q | 10.17 Q | |
| Micromuse | 9/6/2005 | $6.96 | $7.88 | 13.22% | 56.20% | Pos | 7.00 M | ||
| RealNetworks | 9/6/2005 | $5.41 | $5.71 | 5.55% | 29.40% | Pos | 5.07 Q | ||
| Stocks Between $3 and $5 | |||||||||
| Lucent | 9/7/2005 | $3.18 | $3.25 | 2.20% | 55.00% | Pos | 2.62 M | ||
| Intellisync | 9/7/2005 | $4.05 | $4.44 | 9.63% | 55.80% | Pos | 4.03 M | 4.64 M | 10.36 A |
| Terayon | 9/7/2005 | $3.40 | $3.90 | 14.71% | 29.40% | Pos | 3.45 M | 4.16 Q | |
| Office & Computer Equipment | |||||||||
| Ditech Comm (DITC:Nasdaq) | 9/21/2005 | $6.79 | $6.74 | -0.74% | 39.10% | Neg | 4.25 M | 11.75 S | |
| Tellabs | 9/21/2005 | $9.50 | $10.52 | 10.74% | 34.30% | Pos | 8.15 M | 10.37 M | 11.11 Q |
| Tut Systems (TUTS:Nasdaq) | 9/21/2005 | $3.10 | $3.25 | 4.84% | 75.00% | Neg | 2.62 M | 3.61 M | 4.68 S |
| Westell Tech (WSTL:Nasdaq) | 9/21/2005 | $3.64 | $3.64 | 0.00% | 36.10% | OS | 3.50 Q | 5.69 S | |
| Computer Makers & Electronics | |||||||||
| Gateway (GTW:NYSE) | 9/21/2005 | $2.60 | $2.70 | 3.85% | 74.90% | Neg | 2.23 M | 2.80 Q | 5.47 Q |
| SunMicro (SUNW:Nasdaq) | 9/21/2005 | $3.94 | $3.93 | -0.25% | 24.20% | Pos | 3.66 Q | 5.14 Q | |
| SkyWorks (SWKS:Nasdaq) | 9/21/2005 | $6.84 | $7.02 | 2.63% | 60.10% | Neg | 6.07 M | 7.74 Q | 10.53 Q |
| Entrust (ENTU:Nasdaq) | 9/21/2005 | $5.51 | $5.60 | 1.63% | 0.40% | Neg | 3.76 Q | 5.44 M | 6.17 M |
| Sotware Companies | |||||||||
| BEA Systems (BEAS:Nasdaq) | 9/23/2005 | $8.43 | $8.99 | 6.64% | 47.20% | Neu | 8.40 Q | 9.28 W | |
| Sapient (SAPE:Nasdaq) | 9/23/2005 | $6.37 | $6.25 | -1.88% | 45.60% | OS | 5.70 W | 6.71 M | 9.97 Q |
| WebMethods (WEBM:Nasdaq) | 9/23/2005 | $6.45 | $7.07 | 9.61% | 36.30% | OB | 6.38 Q | 7.17 W | |
| Source: Global Market Consultants | |||||||||
Managing Risk/Reward
On Aug. 22, I wrote that Actuate was 62.9% undervalued and showed a monthly value level of $2.20. This price held on weakness Aug. 29. The shares are currently 62% undervalued. My quarterly value level at $2.14 should hold on weakness, and the upside is to my quarterly risky level at $3.17. Lucent is 55.0% undervalued vs. 73.4% on Aug. 22. My monthly value level of $2.62 should hold on weakness, and the upside is to my quarterly risky level at $4.47. Ciena has been weak since Aug. 22, but it held my monthly value level for August at $2.16. The stock remains 75% undervalued. My quarterly value level is $2.13, and I don't have a risky level at this time.- Loading Comments...
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