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.)
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WIRE Sold ==> 81 Consecutive Winners for $$$MR. MARKET$$$
It is at all time highs, and some analyst just said to put it on a hold. Now how much it retreats will tell us if it has more legs. Some peeps say that the company that put the hold on has done similiar things with other stocks in the past. I read that on WIRE's message board on Yahoo.
however, I expect to buy again, later on as it is still a strong company and the rebuilding of Louisiana is really just beginning, they will use a LOT of wire down there. Though 15.5% in a month is a tolerable gain. If we see a massive constraction in housing starts then well all bets are off.
After looking WIRE over (several times recently), I believe that it is set for even greater gains in the coming months.
I'll admit, I missed the boat on this the first time out, but I don't think the ship is too far from the dock yet.
$$$MR. MARKET$$$ you are huge! I just started investing a couple of months ago and I've been doing a lot of research since then. An old guy at work told me about IBD. I recently made a quick 10% each with WTI HANS and ANDE using IBD 100 and MS Excel to filter stocks using IBD's lessons on investing. I went with 10% because I wasn't sure about 15%. I now have your process and I like the fact that you have 81 consistent 15% picks. Thanks for sharing your stock picking process with us.
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