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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Wow, that's been over a year, hasn't it? I'm currently overweighted in FTEK, you might want to take a look. Average volume increasing as it heads toward new high.
Time flies...I first bot it in April 2004 and added in June 2004...I did not buy FTEK...I keep missing it at good entries...but I've watched it for quite some time and have dt'd it. I posted a chart when it filled the gap...let me see if I can find that post...Doug
BTW...Hope you are back to stay
"Trade What Is Happening...Not What You Think Is Gonna Happen"
Thanks for looking, I went back and found it, too, after Lyehopper mentioned on my thread that you had discussed it before. What's enticing is that this almost shows up on my screen for undervalued growth, only missing the threshold for ROE, and on your list. It won't be showing up on IBD100 due to however they calculate the EPS rating, which is currently only 50. Oh yeah, the other criteria from my current screen it misses is that it hasn't exceeded estimates 2 Q's in the last year. Of course, I'm thinking that the fact there were no estimates until recently may contribute to that.
Thanks for looking, I went back and found it, too, after Lyehopper mentioned on my thread that you had discussed it before. What's enticing is that this almost shows up on my screen for undervalued growth, only missing the threshold for ROE, and on your list. It won't be showing up on IBD100 due to however they calculate the EPS rating, which is currently only 50. Oh yeah, the other criteria from my current screen it misses is that it hasn't exceeded estimates 2 Q's in the last year. Of course, I'm thinking that the fact there were no estimates until recently may contribute to that.
In my IIC 100 lists (FTEK is # 10) this week I do not use past eps. I do fiqure in the latest eps and projections though....I also use RS and some "super secret" criteria...But my database only has 5500 stocks and my RS goes from 1-100...Most of my RS figures are within a couple of IBD's though since the formula is pretty basic...although they probably treat IPO's differently than I do...Doug
"Trade What Is Happening...Not What You Think Is Gonna Happen"
Had to add GFIG in there on the Cup w/ Handle...Plus Me and Cramer like it...Needs some upside volume...But a great co. IMO
Another one which Jim doesn't like because of the volume...RICK
I won't put it on Friday's list...But...Rick seems to have it going on...Might be worth checking out...Been watching it for quite some time...But I have never owned it.
Had to add GFIG in there on the Cup w/ Handle...Plus Me and Cramer like it...Needs some upside volume...But a great co. IMO
Another one which Jim doesn't like because of the volume...RICK
I won't put it on Friday's list...But...Rick seems to have it going on...Might be worth checking out...Been watching it for quite some time...But I have never owned it.
ERS and IBD 100...Strike 1, Strike 2...You're off the list!!!...Interesting though...ERS never qualified to be on the IIC 100...Actually, it was at or near the top of every parameter except that there was one that they just never qualified for the minimum...so I couldn't list them.
But I will give IBD credit for a nice call when they made ERS # 1...I never thought it would go up so much.
Doubt that you'll ever see them give me any credit for anything though...IIC
"Trade What Is Happening...Not What You Think Is Gonna Happen"
I don't...Whenever I think of the IBD 100 I think of the CYD disaster...I emailed them a couple of times...I warned 'em...I got bashed at the Yahoo CYD board...But nobody listened till it was too late...IBD did not do their homework on CYD...I took charts over to chart experts to try to figure it out...I went to sites in Singapore looking for info...I sent it all to IBD...They never responded...But the following week it went from # 1 to off the list...I gained nothing by that foot work...except a little self satisfaction...But ERS is not the same type of story...I never could figure ERS out...But to be honest...I never tried...IIC
"Trade What Is Happening...Not What You Think Is Gonna Happen"
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