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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Maybe his avatar means that this board has become toxic???.... I'm not sure, but I still think this is the best stock board on the internet.
It is about the only one still left that is pretty active...That might be an exxageration but most forums are dead this year from what I've seen...Doug(IIC)
"Trade What Is Happening...Not What You Think Is Gonna Happen"
Rob,
I can't follow all of them, but just for kicks I'm going to take the top 10 A+ and the bottom 10 F's and see what would have happened had a person gone long on the A+ and shorted the F's. Report probably Friday.
------------billyjoe
Rob is still rockin'. He was right on 70% of his A+ ratings and 70% of his F ratings even though 1 of the F's was unchanged. I didn't check but I suspect that 2 of the big winner shorts may not have been shortable. Here's the results. Remember these were taken in order from his list as long as I could find quotes on them.Open prices 10/30/06. Closing price 11/3/06
I was just looking at a chart of OVTI, and it looks like it broke through the neckline of an inverted head-and-shoulders pattern and is retesting that line.
I need you T/A people to help me out here. In the T/A world, is this indicative of a busted pattern? Or does this happen often just prior to another significant gain?
This chart is a 3-month daily, and the little inset shows a 1-year daily, so you can see just how high this stock has been recently.
So who are these morons selling IMCL ... What a bunch of idiots.
I resemble that remark! SssSss.
I am, however, pleased to be able to declare that the TA I use for trading is nicely bullish for IMCL. Nice chance for $43.00 then $76.00 in the months ahead.
Kudos, Rob, for seeing the fuel and fundamental bias that would burn shorts and make some bucks on the long side.
Thank you, Spikefader. ImClone has suffered dearly over the past few years from wave after wave of negative analysts' comments, some of which were based on statements that were even demonstrably inaccurate, coupled with management's unwillingness to refute the same. Meanwhile more and more Erbitux is being sold all over the world, and it has recently added a second indication to its label with more to come. Also, the company has, relative to its peers, a rich and promising pipeline of new products that the wonderful analysts rarely mention and apparently value at zero.
Carl Icahn, the new C.O.B., is shaking things up over there where the inept management is concerned, looking to get a more business-minded C.E.O. with biotech experience, and seeking to improve a somewhat strained relationship with partner, Bristol-Myers Squibb. This is all very positive, in my opinion, and long overdue.
I could be eventually proven wrong, but I believe ImClone will rock again.
Just for grins I thought I'd look at the results of my first momentum screen, posted 6/21, to see where these would be today were they all bought and held. Here's the skinny:
Hey! 8.03% ain't bad for just under 5 months (149 days)! That's a compounded annualized return of 26.65%!
But keepin' it real, folks, the Diamonds are up 12.45%, the Spiders 13.21%, and the Q's 16.15% in the same time frame. So, there you go.
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