I have 22 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.)
If this is your first visit, be sure to
check out the FAQ by clicking the
link above. You may have to register
before you can post: click the register link above to proceed. To start viewing messages,
select the forum that you want to visit from the selection below.
Excellent picks, MM! They are all good. I think 4 of 5 have at least 15% left in them.
In descending order, from my point of view:
#5 JLG--MoMo to the max, I wonder when it runs out of gas. Has been incredibly hot, no doubt. But it is firmly in the Twilight Zone, and too risky for my blood. They make manure spreaders and skidloaders that haul manure, and when the MoMo guys tire of playing this one, I think Lye will need to haul in a semi-load of PARL to cover the scent. Still, the sector is good, and Johnny Deere--of all people!--is expanding his plants and workforce in Dubuque.
#4 CRDN--Cup with handle breakout; $82 target; only $61.71 as I write; room to grow.
#3 MFLX--Just broke out of an ascending triangle, with successful retest of the support line. Moving up to $67 or higher. Nice pick.
#2 IPS--Powerful breakout yesterday; $131 price target on a $105 stock. Might work best if MM buys it on Monday or Tuesday next week as IPS needs a pullback. This thing broke out with such force that it gapped up today, and I'd really like a more orderly advance, since I believe she'll need to pullback and fill in the gap.
#1 TS--big dollar momma at $182. Timing would be excellent, as I see $80 oil ahead. Nothing wrong with this one, except that momma takes up a lot of room in my account with that wide rear end she swings. But hey, I'm an oil man, and TS is an oil stock. GO BIG MOMMA GO!
I've owned JLG since $17, I like the stock still, with a split coming up soon and the construction industry still going strong it's a favorite. Wouldn't surprise me to see $100 with OSHA requirements these days all the old equipment will need to be update and being in the construction trade (ironworker) i can tell you they get beat up. The past 4 years has seen increased building of power plants, you'll see at least 6-7 on a job site and at least 2 of those are the 100' plus lifts.
IPS looks interesting however the real winner is TS. I bought it a couple of weeks ago because of great fundamentals and a good chart. I will add more but only on a pullback, I might not ever get it, but thats the way I'll play it.
There are plenty of others to pick from if I don't. A pullback will come this week.
I LOVE them all but why would we buy IPS or TS when we can buy back GGB which is the best in the group ( IBD) on a pullback.
I pick CRDN because its primary products include lightweight ceramic armor for soldiers and military helicopters. We all know they need better equipment for our brave soldiers.
TS Is undervalued and should sell for 51% more, 26% annual growth rate, Earnings Yield of 6.53 and annual sales growth of 62% Nice chart. Only negative I see is high price of 183.77!
Comment