Jim's cycle trades

[Jim Smith]

ENWV....mentioned this one here a buck ago.....

[Jim Smith]

I have the SOX dropping to 445, the bottom of the channel, over the next six weeks....

[Jim Smith]

TAP......4 points in 7 days after I mentioned it here Mar 2nd.....I am huge, but no meats or cheese for me, cholesterol is too high.

[spikefader]

TAP......4 points in 7 days after I mentioned it here Mar 2nd.....I am huge, but no meats or cheese for me, cholesterol is too high.

Hey Jim. Congrats on the win. Nice 7% in 7 days. Definately some hugeness in that trade. I especially like the fact that the position only felt sub-1% pain before taking off; that's the hugest of all in my book. They are the kind of entries I love dude. Keep em coming and thanks for contributing.

The only thing I think your posts and the threads would benefit from is the r/r you're assigning and where's your stop.

Keep pickin' those winners!

[Jim Smith]

I don't use price stops, I use time stops....

[spikefader]

I don't use price stops, I use time stops....

That's an interesting concept Jim. What are your rules or practise for that? Any exceptions to the rule?

Say for example you enter a position and it moves immediately against you, what do you do? And how does that plan change with increased volatility and movement against you? Do you have a maximum pain emergency exit?

Thanks in advance.

[Jim Smith]

The rule is fairly simple. If I expect a stock to move on a certain date, and it doesn't, I sell....If I expected the move to be up, but it was down on that date, and vice versa, I sell.....

[Jim Smith]

FO....I am watching this one with the intent of buying......no position yet.

[Jim Smith]

HITK....on my buy list....I think it can make $35+ over the next six weeks.....recent earnings were good....Recent bounce off the 40 week ma and closed on the 10 week ma....

[Jim Smith]

HITK....long 1200 shares at $26.50......I should have made this my POTW given the gap apple saw this morning.

[Jim Smith]

HITK.....adding more at $27.16.....my six week target here is $35+

[Lyehopper]

Hey Jimbo.... What do you think of JAH?

I just started buying it.

[Jim Smith]

FO....could make you a fortune....this is a top play idea for me over the next six months....looking for 20% upside.

[Jim Smith]

JAH....nice,,,,just moved back above the 100 day moving average today for the first time.....this goes on my screen with buy implications

[Jim Smith]

Gosh dang it Lyehopper that JAH chart was more potent and quicker acting than Viagra.....had to jump on some shares....thanks for mentioning.