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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Of these, I like TTEC.
Good growth, reasonably valued, good fundamentals, and decent trading volume.
Chart could be interpreted to look bullish, some kind of flag or pennant or something like that.
I'll second TTEC, best looking chart of the bunch (not as overbought), althought the computer services industry is a bit overbought. Also earnings are a month away so enough time to move. Buy high and sell higher
Of course it matters! Now let's see which MM top five winnah will make the 15% before the rest. Looking at the charts . . . .
CCF: weekly shows solid support at $28.20 level. I would like an entry here with stop just below $27.84. Target 15%+; ultimately could run to $50. But CCF only runs 25k shares per week volume. And no option chain. Doesn't fit my style, but looks like FRGB to me. And MM made 15% on that one, but it took more than 4-6 weeks. Still, it was a market beater.
SPIL: I don't think this one has much gas left in the tank. Already met the PnF target of $7.75. Dow Theory target reached at $10.15. Seems to look like the AOB chart which MM took on a 15% glory ride: extended and risky. I think MM takes this one long for the 15%.
UUU: another overextended chart with risky entry here, imho. Yeah, MM has passed over this one several times, and in my view, he'd best do it again.
VIP: another extended chart, but not nearly to the extent of SPIL and UUU.
Has room to make 15%. Nice option chain, too, to make it safer. I'd buy this one.
TTEC: has been on fire since October. IN-credible run! Probably not the best entry here. Last three weeks TTEC has been showing all the signs of a top: long tails, high volume, little price movement--has gained only $0.22 in the last month. This thing could roll over like the Titanic. I'm leaving it alone.
Geez, Rob, what's with the negativity? Anyway here's my two cents:
1) SPIL
This has the best chance of a quick 15%. Solid growth, good business.
2) UUU
Very impressed with this small fry. Could be HUGE down the road. A bit riskier than SPIL, but the returns should come in quick, and this one should rise pretty much independent of market fluctuations, assuming they just plug along with their plan of making gobs of money off of those smoke detectors.
3) CCF
Another quite impressive little guy. I see the volume has picked up lately, sending the stock flying. But is the party over? I like the business, and the financials look good, but I might want some reassurances that it can be sustained.
4) VIP
This one's done well the past few years, but every time I've looked at it, I keep thinking it's gotten ahead of itself and will likely pull back some. It hasn't yet, but I still have this sinking feeling... Can any Russian company be worth $22B without Putin eventually stealing most of it for the "common good"?
5) TTEC
Looks ok at first, but with the recent news of all the stock they plan to sell, it makes me want to hold onto my cash rather than give it to them. A dilution like this is almost always going to send the stock down in the near term. Not conducive to getting a quick 15%, in my opinion.
I thought that NBB and Jiesen both did a commendable job with their analysis on these 5 stocks. I had to agree with alot that they both had to say. Here are 5 charts of those stocks and what I think and which one I think would be the easiest one to grab the brass ring and the 15 %. The one that I like the best and that I would buy on Monday a.m. is SPIL. I like the price of the stock, it's affordable to accumulate a few thousand shares, I think it is in a nice spot in that 5th wave up, and another 15 % from here seems a realistic goal before a correction.
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