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 thought I'd run a quick little scan of the Top 5% of the stocks in my Relative Strength Database which just happen to be in the Top Groups. The groups are not from IBD, but I checked 10 of them and they have them in top groups too.
Well I'm glad to see RMI has finely mad one of your screens. I hope it shines tomorrow, sure would like to see another 45% then I could turn it loose in the GREEN ACRES port.
I thought it might be interesting to see how Fortune has done. Below, are the 7 stocks featured. Even though the article was written prior, I have listed the Closing price on Sept. 3rd-Closing price on Feb. 4th-Intraday high price during the period. The one's with an * reached their high on Feb. 4th.
4 up, 3 dn...and only BDY was down a significant amount. The overall average % gain if you bought one share of each was 14.5%
BDY 24.82-14.33-24.99
SYMC 24.35-23.43-34.05
ERTS 48.25-68.12-68.24*
THO 26.49-35.80-37.99
EAC 29.70-39.34-39.57*
FRX 42.80-41.50-49.10
PHM 59.86-70.72-70.85*
Compared to most of the major averages the list did well. During the same time frame the following indices were:
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