Ask $$$MR. MARKET$$$

[mrmarket]

This thread is for any questions, no holds barred, that you would like to ask $$$MR. MARKET$$$. I'll try to answer as honestly and accurately as I can.

[tx_damnyankee0]

This is great!!!! (But......how do we pass the potato salad?). Your help and wisdom are appreciated! Thanks

[IamOrion]

Moving Averages

MR. Market or Anyone-
Can anyone give a little insight/meaning of the 50/200 day moving averages. What are you looking at when you analyze them.

Thanks,
Orion

[mrmarket]

Re: Moving Averages

MR. Market or Anyone-
Can anyone give a little insight/meaning of the 50/200 day moving averages. What are you looking at when you analyze them.

Thanks,
Orion

I do not follow these averages...they fall into the category of TA...not my stuff.

[stenzrob]

Re: Moving Averages

MR. Market or Anyone-
Can anyone give a little insight/meaning of the 50/200 day moving averages. What are you looking at when you analyze them.

Thanks,
Orion

Orion,
Check this page:

http://stockcharts.com/education/IndicatorAnalysis/indic_movingAvg.html

Mostly, these just provide a quick way to identify a trend. Enough people look at them that they can actually indirectly provide support or resistance, especially the 50 day. For example, what you might look for is a move through the 50 day average on higher than average volume.

[IamOrion]

Thanks Stenz. I appreciate the input, and the chart and explanation was very helpful. That website has a lot of useful information.
Thanks again,
Orion

[shengh]

How did you divide your portfolio slot for each pick ?

MrMarket :

You have 13 symbols in your current portfolio. I know you buy&hold until 15%+ gain. How did you divide your money for each pick ? same value or same share ? I have traded FCFS several times with some gain. Thanks for your great pick.

Best Regards,
shengh

[mrmarket]

Re: How did you divide your portfolio slot for each pick ?

MrMarket :

You have 13 symbols in your current portfolio. I know you buy&hold until 15%+ gain. How did you divide your money for each pick ? same value or same share ? I have traded FCFS several times with some gain. Thanks for your great pick.

Best Regards,
shengh

The best answer I have is that it varies. When I sell a pick, I buy a stock. The profits compound accordingly. I reinvest all of the money I have.

[Mi6op]

What was your starting amount of capital and what are you up to now?

[mrmarket]

What was your starting amount of capital and what are you up to now?

It's a lot more than I had 15 years ago.

[RL]

options

Ernie,
What effect will the Amer stock exgh. have on DKS by selling options
If any . Thanks
Ray [rl]

[mrmarket]

Re: options

Ernie,
What effect will the Amer stock exgh. have on DKS by selling options
If any . Thanks
Ray [rl]

I haven't really thought about it. Let's put it this way, if DKS keeps growing the way they have been, the stock price will hit my target.

[neilaura]

Hi Ernie.
A quick question, you buy and hold untill you see a 15% profit, why 15%, is it just an arbitary number or the result of calculation?

Neil

PS as I live in Vegas and we both share a love of good beer let me know when you are visiting next and I'll show you the best watering holes

[mrmarket]

Hi Ernie.
A quick question, you buy and hold untill you see a 15% profit, why 15%, is it just an arbitary number or the result of calculation?

Neil

PS as I live in Vegas and we both share a love of good beer let me know when you are visiting next and I'll show you the best watering holes

15% seems to be a safe gain to glean from the momentum stocks that my model selects.

[neilaura]

[/quote]

15% seems to be a safe gain to glean from the momentum stocks that my model selects.[/quote]

Thank you for the prompt answer.

Neil