I have 36 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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BOOM may just take out your target price in the next 4-6 weeks, Ernie. Very nice inverted head and shoulders, and of all things!: today it retested (successfully) the R line now turned to support! Things are lookin' up for Ernie's BOOM pick.
Er, uh, by the way . . . if it does take out the target price, I'd, uh, I'd try to make sure that I was awake at the sell switch because it will have then formed a triple top, and probably won't make it past that big R at $64. Comprende, amigo?
I also think C is screwed. They are so big, and so widespread, many of their managers have been trying to hide the bad news so they can get still get their bonuses.
I also think C is screwed. They are so big, and so widespread, many of their managers have been trying to hide the bad news so they can get still get their bonuses.
I haven't looked at any of the fundamentals. They might be great but the chart isn't showing anything right now. Timing has to taken into consideration on any play with a time frame. In this case 4/6 wks. is just a long swing trade. It might get to the target or it might not but the timing of any entry in correlation with what the chart is saying on the technical side has to be taken into consideration. The fact that a number of the faithful have waited until after the fact of Ernie's entry looking for the lower entry point gives evidence to that. I don't see the play myself but I know that timing is of the utmost importance. It makes a big difference in the entire trade regardless of the strength of the stock fundamently. They go up and down in cycles on selling and buying strategies as other traders take gains. It's imperative that it be hit at the best time.
Aw Ski, there you go again: talkin' good sense. Please don't confuse us with the facts when we've already made up our minds. Why you do it, I don't know . . . . lol.
Yup, I agree with you. This is a long swing trade, 4-6 weeks, so market timing does have to be taken into account. I am sitting in ca$$$$h, and have been for awhile, and will continue to do so until after January 15, when C announces earnings. Folks, ya best watch that one, because if C disappoints (I think it will) the market tanks hard.
I haven't looked at any of the fundamentals. They might be great but the chart isn't showing anything right now. Timing has to taken into consideration on any play with a time frame. In this case 4/6 wks. is just a long swing trade. It might get to the target or it might not but the timing of any entry in correlation with what the chart is saying on the technical side has to be taken into consideration. The fact that a number of the faithful have waited until after the fact of Ernie's entry looking for the lower entry point gives evidence to that. I don't see the play myself but I know that timing is of the utmost importance. It makes a big difference in the entire trade regardless of the strength of the stock fundamently. They go up and down in cycles on selling and buying strategies as other traders take gains. It's imperative that it be hit at the best time.
Ok, I upped my limit until it hit at 50.8, so now I'm in, and will fearlessly spam the Yahoo! board with my opinion. I probably paid $2 more than I had to for this one, but I think when it hits $64 in 4-6 weeks, it won't really matter anymore whether I paid 48 or 50 for it.
If you don't mind Jeisen, I may spam the Yahoo board a little myself. I'm off work, it's cold, and I have nothing better to do.
the etanercept drug is Embrel, which is from AMGN.
I am familiar with Tumor Necrosis Factor and the TNF blocker seems to offer some real hope for Alzheimer's patients.
This could indeed be big.
That is indeed, HUGE, tintin! Thanks for bringing it to my attention. Never heard about this before. I thought ELN would be the one to bring the first effective Alzheimer's treatment to market, but this could very well change things, if it works as well as the article describes.
Ok, I upped my limit until it hit at 50.8, so now I'm in, and will fearlessly spam the Yahoo! board with my opinion. I probably paid $2 more than I had to for this one, but I think when it hits $64 in 4-6 weeks, it won't really matter anymore whether I paid 48 or 50 for it.
I think there are plenty of great stocks in this list- but nary a haircut among them today: (it's just my list of big-pharma stocks that I check out periodically, MRK is the only one I've ever bought... still wish I'd kept it!)
LLY, NVS, DNA, AMGN would be among my top picks right now.
Jiesen:
One of your drug stocks AMGN should hit it big soon.
Saw this
the etanercept drug is Embrel, which is from AMGN.
I am familiar with Tumor Necrosis Factor and the TNF blocker seems to offer some real hope for Alzheimer's patients.
This could indeed be big.
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