Monday, December 31, 2012

Top Stocks for 2013: #5 OPEN


With a FPE of 25, a 33% short interest and no long term debt, my #5 pick for 2013 is OPEN. The nice thing about OPEN is the time to buy could be any day.  Trading above the 50 and 200 day moving average, the stock recently broke above resistance at $48 and is basing above it nicely. With a strong business model, and acquisition potential (GOOG would be killer), my price target for OPEN is $100 which is 17% below all time highs. I'd be comfortable buying here for a trade with a stop below $45 for a move to $65. I'm more comfortable buying this for a long term hold (will begin this position on Wednesday), buying a little here, adding on either above $50 or at $45 with a stop beneath $40 and profit target of $100.



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