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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As of the time of this post, it's up >11% from yesterday's open.
I wouldn't get drawn into the momentum thing right here. That earnings report was not that good and it'm market share in a few of it drugs are eroding with newer versions of their products coming onto the market. Several brokerages have downgraded the stock, not to sell, but under perform/hold levels. I thing alot of these last two days are strictly a momentum thing and the minute the profit-taking starts the stock will fall to under 29/28 again. I don't see the strength over the next qtr. to drive it up.
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