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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Know when your "stocks" are reporting earnings and be careful....
Just watching SIRF this morning as it slid to $23.13 and I remembered this older post (above).... As many of you know, I did not stick with my short trade on SIRF.... But there must be a lesson here that I can learn from. BTW, I still say the gap fills @ $22.37.
Lye,
Great SIRF call! I made some $$ off of that one.
Now for the payback. BTU reports Thursday. ACI, the weak sister stock, reports on Friday. Both charts absolutely scream "short me!" Here's a safe play for you: watch BTU as she reports on Thursday. As you watch, have the sell button ready to go on ACI. As BTU rolls over, short ACI down. You'll have a one day head start on mob.
Just watching SIRF this morning as it slid to $23.13 and I remembered this older post (above).... As many of you know, I did not stick with my short trade on SIRF.... But there must be a lesson here that I can learn from. BTW, I still say the gap fills @ $22.37.
Ah SIRF; hit my +36% short profit target down to 26.00ish (archives so do ctrl+F with keyword "SIRF" to find the posts). Lye, dude! bad luck man....you spotted the potential, the TA confirmed it, was a good bias to have, and I think the bottom line was the apprehension about earnings, not sure if there is a clear lesson to learn ..... becuz flat for earnings is often a wise thing unless one is both nimble and lucky during after-hours action. Better trades down the road for ya.
....glad you covered your short on steel
the future market for it is a big deal
Yeah, The sector held up very well through the recent selling didn't it?.... I'm just a bull right now so I'm not seriously short selling anything presently.
I do however think that "Steel" will be a good short sometime later this year (maybe Oct. or Nov.).... I will have my eye on the sector for good short entries.
Lye,
Great SIRF call! I made some $$ off of that one.
Now for the payback. BTU reports Thursday. ACI, the weak sister stock, reports on Friday. Both charts absolutely scream "short me!" Here's a safe play for you: watch BTU as she reports on Thursday. As you watch, have the sell button ready to go on ACI. As BTU rolls over, short ACI down. You'll have a one day head start on mob.
You-Da-Man! NBB.... This was one great call dude! I did not play it but I wish I had. I still might join in and short one of these on the way down though, if I do I'll try to post my play here. Thanks again for posting the play!
Since you seem to be the only one interested in the steel industry other than me, I thought I'd let you know about an addition to my steel industry index. KYCN.ob is now trading (again) publicly, currently at $2.00/share. This was one of those steel companies that went through chapter 11 in 2000-2003. It has risen from the ashes and is redeeming itself. The parent company makes fencing and nails. They just happen to own a steel plant as well: Keystone Steel and Wire, in Peoria, IL. The capacity of steel output per year is 820,000 Tons. There's some good people running that mill.
I'll be making my rounds this week and next to my various customers. I'll let you know about the backlog and inventory situation.
I'll tell you one thing, though. There just might be some companies that might be trying to cook their books by not placing orders for new equipment / supplies until early July... you know, being that the 2nd Q is up this week.
Chuck Norris got in touch with his feminine side, and promptly got her pregnant
Lye, did you look at this money maker? (KYCN) Holy Cow!!! sell the beef and buy some steel, would ya...
I'm really hoping that you are not holding a short position in any steel company. BTW: AKS and X report today
Hide not your talents.
They for use were made.
What's a sundial in the shade?
- Benjamin Franklin
Lye, did you look at this money maker? (KYCN) Holy Cow!!! sell the beef and buy some steel, would ya...
I'm really hoping that you are not holding a short position in any steel company. BTW: AKS and X report today
Go back about four posts Peanuts and you will see in a post (directed to you) that I am no longer short (anything) in this market.
KYCN?.... What the heck is that dude? The value total of all shares traded today might buy a decent used (small 2 wheel drive) farm tractor.... or about 18 nice brood cows. Why you like such thinly traded stuff is beyond me....
I'll be sure to post here when I'm shorting steel again.
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