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Sabrient Select Opportunity Virtual Portfolio

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Sabrient Select Opportunity Virtual Portfolio

August 25, 2010 – Buy ENDP

Stocks are searching for support around the Dow 10K level. Some stocks are holding up quite well and looking for traction here. We’re a little light on the long side with only one position, so I’ve been looking for stocks that have displayed relative strength even during market weakness.

I have had my eye on Endo Pharmaceuticals (ENDP) for quite awhile. I didn’t want to chase it, but it seems to have consolidated a bit after its recent run, so let’s enter a long position. It carries a STRONG BUY rating in the Sabrient Ratings Algorithm, and a top-notch Company Outlook Score of 99 and a fantastic Composite Score of 100 (considering Value, Growth, and Momentum characteristics). I am adding it as a Long position to the Select Opportunity Virtual Portfolio at a price of $28.62 that I see right now.

I’ll place a mental stop at a closing price below the August 18 opening price of $26.22, which marked the start of its recent run up.

Best Regards,

Scott Martindale

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Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

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