Louetta's Lore

[Rob]

. . . being more conservative for the mean'll.

"Mean'll"; now there's a contraction I don't recall having encountered. Is that one of your own invention? or did you get that from one of those University English courses?

[Louetta]

Louetta,
Did you swim the 100 or 200 Free ? What were some of your times ?

------------billyjoe

Mostly we did the 100 and 200. They also did a 50 and 1650 in the championships. I was good enough to get to the ECAC but no further. Thats all I was paid for actually.

[Louetta]

"Mean'll"; now there's a contraction I don't recall having encountered. Is that one of your own invention? or did you get that from one of those University English courses?

I've been reading Lady Chatterley's Lover, a treasure house of dialect. Interestingly enough, Wikipedia includes a listing of all the obscenities contained in the book and a discussion of their derivation and usage.

E.g. how pussy differs from twat and how the c word can be used in a complimentary fashion or as a measure of width.

[Louetta]

Picked up a smidge of PSPT, ANST and LOGI late today. Same logic as yesterday's 5.

HMSY was one I bought yesterday. It finished down today but has IBD numbers of 99 98 98 (composite, earnings, rs) and a price of 13.6 or so. If it crosses 15 it becomes a prime candidate for the top of the IBD 100 and such candidates often experience near panic buying the end of the week they go in the 100. If you don't believe that check out BTJ for the last 5 days. Might be worth keeping an eye on on that basis even if you don't care for the stock otherwise.

[Websman]

I sense the Queen Bee has certainly got the drones buzzing around here...good thing because this market really sucks.

Agreed...This market sucks big time, but for the life of me, I can't understand why there's not more talk about the VTP.

[Louetta]

Agreed...This market sucks big time, but for the life of me, I can't understand why there's not more talk about the VTP.

I'm confused. Every time I go to that vulcantraders site all it says is "coming soon". How can we talk about it?

[Websman]

I'm confused. Every time I go to that vulcantraders site all it says is "coming soon". How can we talk about it?

I can not state the time frame of the unveiling, but it will be soon...

[skiracer]

Strongest movers in strongest groups sounds good to me in a stronger environment but although I've been buying lately I'm not sure how strong we really are therefore looked for something more conservative (e.g. BOM).

A good example. On 8/16 as I reported here I bought some of Poormans stocks. One was VPHM at 9.62. Closed today at 12.61, a 30% move in two weeks on a couple of upgrades. Problem is it could easily go 30% the other way if the market weakened (lots of Poormans stuff is pretty hairy). Therefore since I'm not so sure we're really on our way up I'm being more conservative for the mean'll.

I would never say it is the only way but how can you argue with looking at the strongest sectors or groups and the best stocks within those groupings. It is one method of going to a specific place (that sector or group) to find good stocks right off the bat. I'm only looking for certain setups and chart patterns within those groups. It narrows it down and provides a better edge that you will find something close to what you are looking for.
Good play with VPHM. You're right any setup can and will go in the wrong direction at times. That's why you must cut those situations off short. And the same with the worst or weakest sectors and groups. If you're looking for shorts you're not going to go looking in the strongest areas.
Determine trend and go to the strongest sectors to the strongest stocks within those areas. Go to Barcharts.com and then to sectors and there will be a list of the 100 top sectors. Click on any sector and it will show the stocks within that sector sorted in descending order.

[Rob]

E.g. how [this word] differs from [that word] and how the c word can be used in a complimentary fashion or as a measure of width.

Oooookayyyy, too much information, methinks.

You'll have to forgive me, Lou; I'm from the so-called "old school."

[Louetta]

[B]I would never say it is the only way but how can you argue with looking at the strongest sectors or groups and the best stocks within those groupings.

Just as an academic point the idea would be that everyone has already discovered those sectors and stocks ahead of you and there is no more money to go into them. Take natural gas. Hit a high of $15 or so last December. Presumably the gas stocks did to. You're heading into the heating season. How can you lose? Well you could as gas prices fell to $6 in months. Again just for academics some would say find the sectors most beaten down. Buy when there's blood in the streets. Buy what nobody else wants.

[Rob]

Buy when there's blood in the streets. Buy what nobody else wants.

Hear, hear! But I would add the caveat: when there are reasonably sound fundamental reasons for doing so.

[skiracer]

I've been reading Lady Chatterley's Lover, a treasure house of dialect. Interestingly enough, Wikipedia includes a listing of all the obscenities contained in the book and a discussion of their derivation and usage.

E.g. how pussy differs from twat and how the c word can be used in a complimentary fashion or as a measure of width.

I've read it a couple of times but a pretty long time ago. I thought it was an enjoyable read but became tiring and somewhat repetitive eventually. My wife an I watched "The Libertine" with Johnny Depp and John Malcovich last night. Took place during the reign of a king Charles during the 1600's. Supposed to be a true story about the relationship between Charles and the Earl of Rochestire. Anyone see it. Lots of dialect and cursing with the same words used in everyday casual speech. I think it was prevalent in those times.

[skiracer]

Just as an academic point the idea would be that everyone has already discovered those sectors and stocks ahead of you and there is no more money to go into them. Take natural gas. Hit a high of $15 or so last December. Presumably the gas stocks did to. You're heading into the heating season. How can you lose? Well you could as gas prices fell to $6 in months. Again just for academics some would say find the sectors most beaten down. Buy when there's blood in the streets. Buy what nobody else wants.

I would agree that strategy holds water to a degree. I grew up in an atmosphere where the sharpest players always were looking to MAKE the edge in their favor. It takes hard work to do that. It was ingrained into my psyche from early on and remains that way today. It's the natural path for me but not the only one. I naturally gravitate towards what I feel presents the best edge, either way, for me and to decrease the % of GAMBLING and RISK in each play. I am not adverse to "taking a shot" but not with serious money. I like to go in the direction of the momentum with the edge in my favor as much as I can make it. But any thought out plan is better than no plan or no thought given to what you are doing.
I don't think that most general type retail investors spend the time it takes to develope a strategy or any plan or to gain control of their facilities in managing their trades with sound r/r, position sizing and money management.
I was taking a look at those 5 stocks that you posted on recently. They all looked pretty good but I thought that one or two could have been entered after a pullback. Good luck.

[IIC]

I don't read fiction myself...The real world is entertaining enough for me

[Louetta]

I would agree that strategy holds water to a degree. I grew up in an atmosphere where the sharpest players always were looking to MAKE the edge in their favor. It takes hard work to do that. It was ingrained into my psyche from early on and remains that way today. It's the natural path for me but not the only one. I naturally gravitate towards what I feel presents the best edge, either way, for me and to decrease the % of GAMBLING and RISK in each play. I am not adverse to "taking a shot" but not with serious money. I like to go in the direction of the momentum with the edge in my favor as much as I can make it. But any thought out plan is better than no plan or no thought given to what you are doing.
I don't think that most general type retail investors spend the time it takes to develope a strategy or any plan or to gain control of their facilities in managing their trades with sound r/r, position sizing and money management.
I was taking a look at those 5 stocks that you posted on recently. They all looked pretty good but I thought that one or two could have been entered after a pullback. Good luck.

Yup. The strategy there was to look at charts for the major averages. Supposedly identify an upward turn which would give one the wind at one's back and at that time buy some likely candidates (in this case the highest rated stock in an IBD group which also seemed to be turning up).