I have 38 consecutive profitable trades of 15% or better. How is this possible? Every day there are hundreds of stocks setting new highs, no matter what happens in the overall market. Many of these stocks are still at very reasonable valuations. Afraid of buying stocks at their highs? Think of it this way: a new high is really a future floor for companies with solid financial underpinnings. Quantitative momentum modeling makes it easy to identify stocks that can continue this upward momentum trend. Why does this happen? It's really very simple..ask me about what investors and cows have in common. I am $$$ MR. MARKET $$$. I AM HUGE!!! Bring me your finest meats and cheeses. You can join in on the fun. Register for free and you'll be able to post messages on this forum and also receive emails when $$$ MR. MARKET $$$ makes his own trades. ($$$MR. MARKET$$$ is a proprietary investor and does not provide individual financial advice. The stocks mentioned on this forum do not represent individual buy or sell recommendations and should not be viewed as such. Individual investors should consider speaking with a professional investment adviser before making any investment decisions.)
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Man, I really got hosed on the kick-off for this contest.
I thought it was supposed to use the opening price from the open on the first trading day of the year (Jan. 3rd), and that the Jan. 12 deadline was only sort of a "grace period" to let late-comers still enter.
Check this out:
Opening prices for IMCL:
1/3/07: 26.85
1/12/07: 30.60
Difference: 13.97%
I probably would have still picked IMCL on the 12th, as I did on the 3rd, but man that 14% hurts (for the contest anyway).
Hey, my chances just improved quite a bit overnight.
I also wanted to mention that this month will be last call for the "what-if" entries. So if you still want to make a pick, please do it before close of market 3/30/07. You'll get the price at the close the Friday of the week in which you make your pick.
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Thanks for the update, jiesen.
And, congrats on your HUGE results so far.
I know my two picks have taken a beating.. can you post all of the results while we are down here.. will ( hopefully) be interesting to look at the eventual turnarounds.
Can't tonight, but I'll try to get to it either Thursday or Friday. Thanks for the reminder, though!
I know my two picks have taken a beating.. can you post all of the results while we are down here.. will ( hopefully) be interesting to look at the eventual turnarounds.
Notice that I'm picking on a Friday, because that's the day that I lock in the picks. If you want to avoid being a hoser, make your 'what if' picks on Friday!
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well whaddya know! The next trading day after I pick it for my short, GFCI goes and finds some natural gas. Isn't that a gas? Not that I'm really complaining, since I actually own this POS. But man, talk about getting screwed and hosed at the same time! Well, I fully expect this to trade back to 0.03 by the end of the week, and be making new lows again all next month. I bet the price will be 0.01 before another mention of this gas 'discovery' is ever made by GFCI management.
Jiesen,
I don't want to appear to be a whiner or complainer or cry baby, but thanks, spike, for the tissue . I expect a 100% gain by year's end anyway so I'll have the last yuk.
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