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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I just wish that NB would have mentioned all his trading with the puts and calls on RIMM as he was doing it or that day instead of this much afterward. I would have liked to have heard his strategies and the logic behind them as the trades were made, and also that he was doing it. we've been talking about the stock and which direction it was going to go in and he never mentioned any of this beforehand or while he was doing it or contemplating doing it.
Ski, I am a man on the run, and have been since February. Yesterday I spent all day trying to clean off my desk, (filing, filing and more filing!) and I didn't get it completely done. Translation: no time for a thorough job of posting. But I'll try to do a little better, but I am very pressed for time. That's why I gave up my threads. But I really do enjoy your imputs, Ski, because I respect your trading skills, just like I respect Spike. Your comments are most welcome!
Ski, I am a man on the run, and have been since February. Yesterday I spent all day trying to clean off my desk, (filing, filing and more filing!) and I didn't get it completely done. Translation: no time for a thorough job of posting. But I'll try to do a little better, but I am very pressed for time. That's why I gave up my threads. But I really do enjoy your imputs, Ski, because I respect your trading skills, just like I respect Spike. Your comments are most welcome!
Now where is RIMM headed next?
i like the market to the upside but this morning lehman downgraded a number of financial stocks, Goldman Sachs in particular, and several others and that will have some kind of effect on the open and the next couple of hours. whether it rules the whole day is strictly conjecture. i believe RIMM follows whatever the market does today. if the market goes down from yesterdays close then i wouldn't expect RIMM to go up. but I wouldn't be trading to much other than a day trade, either long or short, in this market right now. good luck with that trade and the options. to much in that whole position for me to think about and keep on top of with all the calls and puts and managing them to keep them above water but it does look like the long side could be a winner. i think breakeven from here is going to be the outcome at best.
Although it took a $2 hit at the open, with the dow down about 100, it's managed to recover the loss, and is even up a buck, while the market's only recovered about halfway. I say RIMM hits 86 by next week, whether the market goes up or down a percent or two. Might even happen tomorrow, if the market cooperates. Anyway, I've got my limit order in for 85.9.
Although it took a $2 hit at the open, with the dow down about 100, it's managed to recover the loss, and is even up a buck, while the market's only recovered about halfway. I say RIMM hits 86 by next week, whether the market goes up or down a percent or two. Might even happen tomorrow, if the market cooperates. Anyway, I've got my limit order in for 85.9.
Yep, I agree. A bird in the hand is always better than one in the bush. I'm especially glad to have caught this one early this morning (early birds and worms, right?) since 85.9 was barely missed today, and I could have ended up holding over a long weekend, when anything could happen!
No, I'm much happier sitting on my cash profit, ready for the next pick- or for RIMM to come back down to the 60's for another ride up.
Can't say I blame you as the FED will drop the rate next week and most investors are dancing in the streets while Rome burns...But we gotta take it when it is there and it is certainly there for the pickin'...for now anyway...Doug
Last edited by Karel; 09-14-2007, 02:18 AM.
Reason: quote repaired
"Trade What Is Happening...Not What You Think Is Gonna Happen"
Can't say I blame you as the FED will drop the rate next week and most investors are dancing in the streets while Rome burns...But we gotta take it when it is there and it is certainly there for the pickin'...for now anyway...Doug
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