FUQI Sold! ==> 17 consecutive winners for $$$MR. MARKET$$$

[skiracer]

I just sold FUQI today at $20.32. I was traveling yesterday so I didn't see any market information at all. This morning when I got online from Kauai, I saw the DOW down, but FUQI was over $20. Then I say the email from $$$MM$$$ and sold!!! I bought in at $15.80, again because I was late a couple of days. WOW....28% in 15days!!!! Thank you $$$Mr.Market$$$$....



ROARRR...YOU ARE HUGE!!!

you lucked out because you were late with a much better lower entry that produced larger gains once it reached ernies target. it was a nice play for everyone that had if from wherever. holding it past the 15-16% range also provides larger gains. a simple trailing set of stops easily protects the gains. good show.

[steelman]

thanks ski! I was able to get SNX at $24.10, again because I just got the message. Well back to the beach!!

[dataloss]

I didn't get in on this one I'm not sure everone understands the magnitude of Mr. Markets accomplishments. By my rough calculations 17 trades with 15% or better returns would increase your investment by 10X.
100K would now be worth a cool 1 million
Now that really is HUGE!

[Karel]

I didn't get in on this one I'm not sure everone understands the magnitude of Mr. Markets accomplishments. By my rough calculations 17 trades with 15% or better returns would increase your investment by 10X.
100K would now be worth a cool 1 million
Now that really is HUGE!

Actually, it isn't. It would suppose that you always invest all your money in one stock, which is not HUGE, but, well, stupid. As $$$Mr. Market$$$ prefers to hold about 15 stocks in his portfolio, each 15% gain in a round trip contributes about 1% gain to the total portfolio. Do this 17 times, and you are up about 18% (ignoring gains and losses in open positions). If you can be content with that much less impressive number, you have made a big step towards a much more solid HUGEness than a 10 times gain in 17 round trips.

Regards,

Karel

[jiesen]

i'm doing fine jiesen. i just exited fuqi at 20.54 for +5.05 or +33%. have to thank ernie for bringing that one to our attention. havent seen you at spikes in a bit. was wondering how you were doing. glad to hear that everything is ok. see that you had fuqi also. great play. good luck.

yeah, haven't found spike's site since it went down. didn't know it went back up... been too busy for doing the weekly stock picking thing, though. I do put up an occasional pick over at Rob's board. it's still going, over a year now I think.

yeah, FUQI was nice. coulda had another buck or two if I held out for today's action! ah, well. rolling it over to SXN was a better idea, anyway, since it'll probably hit 15% before this week is over, judging by the news today. It's about time we started seeing some turnover on the HUGE porfolio again!!!

[skiracer]

yeah, haven't found spike's site since it went down. didn't know it went back up... been too busy for doing the weekly stock picking thing, though. I do put up an occasional pick over at Rob's board. it's still going, over a year now I think.

yeah, FUQI was nice. coulda had another buck or two if I held out for today's action! ah, well. rolling it over to SXN was a better idea, anyway, since it'll probably hit 15% before this week is over, judging by the news today. It's about time we started seeing some turnover on the HUGE porfolio again!!!

these last two were nice for sure.

[dataloss]

Actually, it isn't. It would suppose that you always invest all your money in one stock, which is not HUGE, but, well, stupid. As $$$Mr. Market$$$ prefers to hold about 15 stocks in his portfolio, each 15% gain in a round trip contributes about 1% gain to the total portfolio. Do this 17 times, and you are up about 18% (ignoring gains and losses in open positions). If you can be content with that much less impressive number, you have made a big step towards a much more solid HUGEness than a 10 times gain in 17 round trips.

You misunderstood me. Nowhere in my post did I advocate putting all your eggs in one basket. I read somewhere the activity on the board is down so I'm getting the feeling that many investors don't think a 15% gain is cause for celebration. It's a congrats thread so I used an obviously exaggerated example to illustrate the fact that each and every 15% gain is indeed a HUGE deal. Don't worry, be happy!

[mrmarket]

You misunderstood me. Nowhere in my post did I advocate putting all your eggs in one basket. I read somewhere the activity on the board is down so I'm getting the feeling that many investors don't think a 15% gain is cause for celebration. It's a congrats thread so I used an obviously exaggerated example to illustrate the fact that each and every 15% gain is indeed a HUGE deal. Don't worry, be happy!

The activity is fine. We had a computer glitch which deleted 2000 members. Most of the active members have signed up again.

[ninner]

LOL..you sold FUQI too early this is going alot and i mean alot higher..its doing an abc up....look at the monthy, weekly and daily charts lol..this is old news i bought this around 15 bucks from our friends at IBD!!!!