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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Absolutely nothing is standing out to me? Their P/E is significantly higher than the industry average, their EPS is lower than the industry average, and it's PEG ratio is over 1. Combine that with the fact that we might be heading into a recession and people aren't going to want to pay big bucks for their food (it cost me like $10 to get a salad there), I just don't see much reason why it would go up.
Chartwise, that stock has only been going down for over 2 years, where it's trading below all DMA lines. The only positive thing I could see about this is that maybe it's doing a retracement from it's gain over the last 10 years. But even then, it's trading right at around it's 38% retracement line right now, which means it would have to start heading back up real soon.
Absolutely nothing is standing out to me? Their P/E is significantly higher than the industry average, their EPS is lower than the industry average, and it's PEG ratio is over 1. Combine that with the fact that we might be heading into a recession and people aren't going to want to pay big bucks for their food (it cost me like $10 to get a salad there), I just don't see much reason why it would go up.
Chartwise, that stock has only been going down for over 2 years, where it's trading below all DMA lines. The only positive thing I could see about this is that maybe it's doing a retracement from it's gain over the last 10 years. But even then, it's trading right at around it's 38% retracement line right now, which means it would have to start heading back up real soon.
Absolutely nothing is standing out to me? Their P/E is significantly higher than the industry average, their EPS is lower than the industry average, and it's PEG ratio is over 1. Combine that with the fact that we might be heading into a recession and people aren't going to want to pay big bucks for their food (it cost me like $10 to get a salad there), I just don't see much reason why it would go up.
Chartwise, that stock has only been going down for over 2 years, where it's trading below all DMA lines. The only positive thing I could see about this is that maybe it's doing a retracement from it's gain over the last 10 years. But even then, it's trading right at around it's 38% retracement line right now, which means it would have to start heading back up real soon.
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