I have 38 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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Fundamentally the company needs to show some improvements on margins as I said earlier. They don't report for a couple more months so unless they issue some preliminary guidance, thnis stock could languish and base for a while longer.
Techn ically, the stock hasn't even broken out yet, although the weekly rsi is improving nicely. And it also hasn't based long enough to double in 8 months in my opinion. But if the market stays strong though January (not likely) and tech stocks stay strong, then mrvl might make a nice little move over the short term..maybe the high 20's. But just because Jack is drooling over it and guaranteeing it will double in 8 months doesn't mean it will happen.
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