The Longfellow Letter, A Watchlist of Interesting Stocks, Issue#17

longfellow (29)in #trading • 7 years ago (edited)

IDEAS ARE OPEN SOURCE

Disclaimer: The Longfellow Letter is not a recommendation to buy or sell stocks. Risks inherent within trading include flash crash, algorithms, front running, slippage and human error. The stocks presented may be of interest to students of the market, or active traders assuming their own risk. The author may have positions, or active interest in any of the stocks mentioned. Theoretical P/L is not calculated, and is dependent upon exit timing, commissions & charges.

Prologue:

A quote by Walter Benjamin, German critic and philosopher, from his 1940 essay “Theses on the Philosophy of History"

A Klee painting named Angelus Novus shows an angel looking as though he is about to move away from something he is fixedly contemplating. His eyes are staring, his mouth is open, his wings are spread. This is how one pictures the angel of history. His face is turned toward the past. Where we perceive a chain of events, he sees one single catastrophe which keeps piling wreckage upon wreckage and hurls it in front of his feet. The angel would like to stay, awaken the dead, and make whole what has been smashed. But a storm is blowing from Paradise; it has got caught in his wings with such violence that the angel can no longer close them. The storm irresistibly propels him into the future to which his back is turned, while the pile of debris before him grows skyward. This storm is what we call progress.

October 10, 2017

Issue #17

Interesting Stock of the Week:

Endologix, Inc. (ELGX)

Price: 5.26

Medical devices, including new technologies for non-invasive organ repair. Recent FDA approval to begin clinical study for safety and effectiveness. Recent price retracement allows good timing for entry.