Wait, then buy...
I noticed this pattern quite some time ago that I usually buy several days after MM. Usually there is a fallback and I can pick the stock up cheaper than MM and many times several dollars less than MM. For example, I own BBD which I picked up at $35.62. My sell target is less than MM's purchase price. I have been following this pattern and has worked out for me pretty well.
Also, I think AOB was a risky pick. I liked IAAC which was up 12% in one day.
AOB ==> The CHRISMUKKAH Winner
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MM,Originally posted by mrmarket View Postsupport, schmaport....give me one good reason why AOB will not continue to grow their revenues and earnings...
come on..I'm waiting.
What he is saying is that $9.10 is an excellent place to buy the stock. Make 30% instead of 15%. That would be HUGE, ya know.
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support, schmaport....give me one good reason why AOB will not continue to grow their revenues and earnings...
come on..I'm waiting.
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You were starting to sound like those guys over at IBDOriginally posted by casinoboy3 View PostNothing is different about the company, I liked it when you posted it in your top 5, and I like it now. I have no doubt it will reach your target.
I've been following your trades for a few years now, but lately, does it not seem like your picks fall (sometimes a lot, 10-15%+) before they go up? That's why I said "never fails." I guess in the long term (or if the system works, in 4-6 weeks) it doesn't matter though, when you sell at your target and make a profit, how much it went down during the time you held it is irrelevant.
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Guest repliedNothing is different about the company, I liked it when you posted it in your top 5, and I like it now. I have no doubt it will reach your target.Originally posted by mrmarket View Postnever fails?? How long have you been following my trades? I've been doing this for over 15 years.
Regarding AOB, if it continues to grow its revenues and earnings, its stock price will reach my target. What's different about AOB, the company, today than 5 days ago?
I've been following your trades for a few years now, but lately, does it not seem like your picks fall (sometimes a lot, 10-15%+) before they go up? That's why I said "never fails." I guess in the long term (or if the system works, in 4-6 weeks) it doesn't matter though, when you sell at your target and make a profit, how much it went down during the time you held it is irrelevant.
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Originally posted by casinoboy3 View PostAnother fine pick that drops 12% a day after you buy it..... never fails.... at least MTEX is up!
MM, are you still on track to beat the market this year?
Just curious since the market is up almost 15% and you made a total of 9 picks this year, 3 of which reached 15% and 6 of which have lost money (thus far, anyway).
never fails?? How long have you been following my trades? I've been doing this for over 15 years.
Regarding AOB, if it continues to grow its revenues and earnings, its stock price will reach my target. What's different about AOB, the company, today than 5 days ago?
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if I take my total position at the beginning of 2006 and compare it to what I have now, I am up over 15%..yes.Originally posted by casinoboy3 View PostAnother fine pick that drops 12% a day after you buy it..... never fails.... at least MTEX is up!
MM, are you still on track to beat the market this year?
Just curious since the market is up almost 15% and you made a total of 9 picks this year, 3 of which reached 15% and 6 of which have lost money (thus far, anyway).
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Actually it was also dropping 3 days before he bought it and still on the day he bought it. So in 5 days it's down about 17%! It's probably a good buy once the trend reverses.
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Guest repliedAnother fine pick that drops 12% a day after you buy it..... never fails.... at least MTEX is up!
MM, are you still on track to beat the market this year?
Just curious since the market is up almost 15% and you made a total of 9 picks this year, 3 of which reached 15% and 6 of which have lost money (thus far, anyway).
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Aob
It does seem like AOB has been on a fairly strong downtrend for the last 4 days with some fairly hefty volume on the downside it's lost roughly 8%. We'll see what happens tomorrow but I'm thinking there is some more downside action.
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Guest repliedNot sure what chart you're looking at but if you feel that strongly then short it. Just because a stock has run up doesn't mean it can't go higher..ie see charts of iig and ioc for just a couple of examples of sucker shorts.Originally posted by rsinj View PostThat's an interesting pick - however, I'll side with the other person who indicated the technicals.
Considering it's doubled in the past 2 months, and looking at the chart, I think there's a better chance that it retraces back to $10 than seeing $14.15 in 4 to 6 weeks.
But, good luck.
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Homer blind? I don't think so.
Homer : Beware of Greeks bearing gifts. And Armenians bearing stock picks since they tend to buy right before a big correction.
Originally posted by skiracer View PostYou'll do real well here. The huge one loves to hear that stuff. Be careful of those Armenians an the Greeks.
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