IIC's Winners Watchlists

[IIC]

BOT CKCM

[IIC]

BOT CHINA and CANI

[IIC]

ASPT is kickin' it

[IIC]

BOT ASPT in the 18.90's

Watch EGOV

[IIC]

HLIT could move tomorrow...watch it

[IIC]

BOT PSSI

Missed PMTI

Watch ADAT NGPS HLIT

[IIC]

SLD PROX...lost 2 cents sh

[IIC]

CANI is a bargain at 15.95

Minor NAZ support at 2112

[billyjoe]

Breakouts

IIC, I'm curious, when you buy a stock in the midst of a nice breakout with a classical graph pattern, but the stock has very low EPS or RS are you more likely to sell and take a quick profit at first sign of pullback than you would a similar breakout with both high RS and EPS ? Thanks
billyjoe

[IIC]

Re: Breakouts

IIC, I'm curious, when you buy a stock in the midst of a nice breakout with a classical graph pattern, but the stock has very low EPS or RS are you more likely to sell and take a quick profit at first sign of pullback than you would a similar breakout with both high RS and EPS ? Thanks
billyjoe

Not particularly...I watch the 1 minute chart action when I can...I watch the NAZ Composite very closely...I have been very jittery since it went over 2000 the second time...I expected a pullback at 2025 and got it...I expected a pullback at 2062...I think that was on 1/6 or 1/7...when it went down to about 2048 real fast I basically went to cash no matter what my stocks were doing...That ended up being a mistake but I was not about to let my profits go down the drain. Today, I was prepared to bail if the market went below 2110. I am glad we had a little pullback...but since we did not close above 2130 I think we are in limbo right now...so I will have my trigger finger ready tomorrow, although if we can take the AMZN etc. news OK then I think we will rebound.

Since the beginning of this year I have been playing it safe...I don't mind losing 2-3% here and there...The 10-30% quickies make up for that.

There is a running joke at a club I help moderate and at my IBD Meetup group...Just buy what IIC sells...But they never remember the one's that tank after I sell them.

But one thing that does influence my sell decisions is the amount of bux I have in it...When I BOT PSSI this morning I let it slide because I am in light. I have a F/T job so I can't always watch...I missed the CHINA dump because I was away from the computer...I would've SLD because of the vol. if I had seen it.

As far as PROX...I BOT yesterday and never intended to hold past the close today 'cause of the EPS announcement after the bell...All I wanted out of it was 25 cents sh...never made it and I bailed at a 2 cent loss about an hour after the open...good thing 'cause it dropped another 28 cents after I SLD if you include A/H.

My explanation probably doesn't help much...but there are a lot of factors that may influence my decision...but I will tell you one thing...I am alot better at buying than I am at selling.

I am in 5 clubs and i have a small network of email buddies who I share ideas with. I also have a tradig partner who is full-time and a lot better at the short term mo-mo thing than I am. We are on IM when I am available and sometimes(but not always) I will sell just because they say to. I'm fairly new to this style of trading and I'm still learning quite a bit.

We have over 250 symbols on our watch lists at all times. We have the DGO NAZ RS 100 in R/T and we update it daily. We use the DGO Industry Groups for groups on the move and I look for tight bases on drying up volume...usually I get those on the weekend because it takes a lot of time to look at so many charts.

The watchlists I post are not recommendations...they are simply some of the stocks we watch to see if they breakout.

Even though I work F/T I spend in excess of 40 hrs a week on the markets...so basically I have no life except work, stocks and sleep...well, that's not really true because I can spend a lot of time at work on the stocks...but I'm kinda envious of Ernie...he can drink beer out at the pool...I have to drink my beer in front of my monitor

[Michaelk005]

Very nice description of your life IIC, just dont spill the beer on your keyboard, it sux. Anywho, been watching lamp reverse now for a few days, not happy for you should have got out at .24.
I am liking metals this week again for the millionith time, gold started its reversal today, should see it close on fri at around 418-425 if the markets continue this way. CDE WHT DROOY, keep an eye out.
And going to take another position in AKS. HAppy trading.

[IIC]

In the same arena as your Fave...AKS...you might want to consider SHLO and SID.

On another note...FIBR is a possibility...Best, IIC

[IIC]

Morning Watch:

ZIGO FDRY ONNN AV HILL CHINA CKCM ASPT INSP STMP BRCM FLEX

[IIC]

BOT JMAR

[IIC]

BOT INFS

I think my limit got taken out on LAMP