jmofield (< 20)

Sallie Mae (SLM), First Marblehead (FMD), Nelnet (NNI) Is it time to Party?

May 04, 2008 – Comments (1) | RELATED TICKERS: SLM , FMD , NNI

These stocks were selected based upon one of the stock screening criteria that I have developed using the Vector Vest software. All of the stock selctions that are included in my portfolio are from several different screening criteria using Vector Vest. These screening criteria search for stocks to invest for both both long and short positions.

These stocks rose Friday, a day after Congress gave final approval to legislation that would lift limits on federally subsidized student loans. The House passed the bill Thursday in a 388-21 vote, one day after the Senate's approval. President Bush is expected to sign the measure.

These stocks have shown strength over the last several days and are trading above their 40 day moving average, near or above 115 day moving average, and below their 200 day moving average. Since they have shown recent strength, my target price is for them to trade back to their 200 day moving average with upside price target of approximately 5% above the 200 day moving average.

I reviewed other stocks in this industry sector and have current stock selections to include both long and short positions.

In reviewing this information, please remember this post just reflects my opinion and should not be used for anything other than for entertainment purposes relating to MSN's contest. You should use your own judgement and seek appropriate advice for any investments.