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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USLM avg price $29.8961 (entries between May and June) TIII avg price $3.0873 (July 25) TGE avg price $9.40 (Oct 20) AOS avg price $35.12 (Oct 31)
(portfolio is 100% invested)
The portfolio is in 100% cash at this moment. All positions were liquidated today. This action was taken for several reasons, the main one being that this portfolio was mostly held throughout the recent rally in last few months, yet did not perform in line or better than any benchmark. USLM was the best performing stock, and I continue to hold shares of the company in another portfolio, but the others were sold off completely. These are the selling prices:
USLM: $32.00, 7.04% gain in 5 months (not MOMO material, but a great value company) TIII: $2.30, 25.32% loss in 4 months TGE: $8.0342 (avg), 14.53% loss in 1 month AOS: $35.80, 1.94% gain in 1 month
Based on the results above, the portfolio just wasn't working as a MOMO portfolio. I'm not dumb enough to think that a system will always work, and I'm not saying that MOMO will not work in the current market environment. I just chose the wrong stocks for this portfolio at the time that I bought them, and the performance proves this.
I have had quite a run with this portfolio, so I'm not going to disregard it completely, but I am scaling back the amount and types of investments made in these stocks. I'll keep you updated...
Hide not your talents.
They for use were made.
What's a sundial in the shade?
- Benjamin Franklin
sold UARM today- half this morning @ $49.00 and the rest just now @ $48.50. Not a bad gain of 4.84% in a little more than a week. Retail seems weak right now...
Hide not your talents.
They for use were made.
What's a sundial in the shade?
- Benjamin Franklin
sold UARM today- half this morning @ $49.00 and the rest just now @ $48.50. Not a bad gain of 4.84% in a little more than a week. Retail seems weak right now...
I'm feeling very lucky right now. I just re-bought the UARM position @ $45.25
Hide not your talents.
They for use were made.
What's a sundial in the shade?
- Benjamin Franklin
LOGI will be a high flyer over the next few months. Institutional sponsorship is happening this quarter and should continue to increase with the earnings reports. LOGI has already begun its ascent into greatness. Currently trading around $28, it bounced off it's 20 EMA very nicely. I am anticipating 2 more tests of the 20 EMA before LOGI suggests a price decline. Where and when these tests happen is up in the air, but I think the price may go as high as $45 in the next 6 months. We'll see, but in the mean time, here's a nifty little chart the way I see it:
Whatcha think?
Hide not your talents.
They for use were made.
What's a sundial in the shade?
- Benjamin Franklin
Volume since the 10/24 has been average or below the 50-DMA of volume, not heavy. In fact, volume was heavier during most of the summer.
I see that it was fairly heavy during the summer. There was also alot of nice price action during that time. According to some IBD info, the institutional sponsorship at that time was 0, so it makes you wonder just who was buying it up then...
The quarter is not over, yet, so we'll see how the volume plays against the 50 dma (volume). Keep in mind, too, that when you are looking at the 50 dma back in the summer time, it is taking into account the volume during the spring, which was fairly high. So current data during the summertime may have been skewed a little towards the down side. (showing that it was below avg when actually vol may have been right in line) Thus, today's current data is skewed towards the late summer volume numbers... which were decreasing going into Sept 21. I'm not sure what kind of conclusions you can draw from looking at a 50 dma of volume and comparing it to today's volume, other than getting a reference point for a major move in either direction (ie, a confirming signal for breakouts/downs)
Hide not your talents.
They for use were made.
What's a sundial in the shade?
- Benjamin Franklin
LOGI will be a high flyer over the next few months. Institutional sponsorship is happening this quarter and should continue to increase with the earnings reports. LOGI has already begun its ascent into greatness. Currently trading around $28, it bounced off it's 20 EMA very nicely. I am anticipating 2 more tests of the 20 EMA before LOGI suggests a price decline. Where and when these tests happen is up in the air, but I think the price may go as high as $45 in the next 6 months. We'll see, but in the mean time, here's a nifty little chart the way I see it:
I should have bought more today, but it looks like plenty of other people were buying today, too I hope you took it off of your watchlist and put it into your portfolio!
If I remember right, Grebnet, you like profitable small caps, right? If so, check out KMGB. I like the prospects for this dirty industry in the next few years. I especially like their business plan- reminiscent of Buffet's early plans, but more specific; it focusses only on related industries to acquire when they are cheap, and noone else wants them.
Hide not your talents.
They for use were made.
What's a sundial in the shade?
- Benjamin Franklin
LOGI will be a high flyer over the next few months. Institutional sponsorship is happening this quarter and should continue to increase with the earnings reports. LOGI has already begun its ascent into greatness. Currently trading around $28, it bounced off it's 20 EMA very nicely. I am anticipating 2 more tests of the 20 EMA before LOGI suggests a price decline. Where and when these tests happen is up in the air, but I think the price may go as high as $45 in the next 6 months. We'll see, but in the mean time, here's a nifty little chart the way I see it:
Whatcha think?
Awesome job Peanuts. I had it on watch but was not home today..
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