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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Speaking of IBD, I just let mine expire. I got the weekly edition, and they wanted about twice face value. I said "what", and they said "you get Web access too". Only things I got out of that site were MM, Poorman, Webs' VTP, and maybe a few others, and I'm members with both of their sites. MM is off that site now, anyway.
I'll still occasionally pick up the weekly in the newsstand, but it's not as valuable as this site and others.
Speaking of IBD, I just let mine expire. I got the weekly edition, and they wanted about twice face value. I said "what", and they said "you get Web access too". Only things I got out of that site were MM, Poorman, Webs' VTP, and maybe a few others, and I'm members with both of their sites. MM is off that site now, anyway.
I'll still occasionally pick up the weekly in the newsstand, but it's not as valuable as this site and others.
I paid $174 yr for the print for all 5 days...I think that is cheaper than the regular price for just the weekly...Ya gotta wheel and Deal...Doug
"Trade What Is Happening...Not What You Think Is Gonna Happen"
YOU CAN VIEW ALL THE CHARTS OF THE IIC 100 AT THE "PUBLIC CHART LISTS" AT http://Stockcharts.com SIMPLY CLICK PUBLIC CHART LISTS ON THEIR HOMEPAGE OVER TO THE LEFT..THANKS, DOUG(IIC)
Doug,
I know you don't invest this way , but theoretically if you bought based on your combos each week, you'd be way ahead. Have you ever considered doing something similar?
Doug,
I know you don't invest this way , but theoretically if you bought based on your combos each week, you'd be way ahead. Have you ever considered doing something similar?
billyjoe
How do you know that?
As of the week ending 4/28 if you had bot the IIC 100 Top 10 at the open every Monday and sold at the close every Friday(or the first/last trading days of the week) you'd have been +23% YTD on a compounding basis...But I don't have that figure for the Combo List. Shadow volunteered to help me put it together since I do have all the lists...But it seems like it might be more trouble than its worth.
Now, if you'd done the same thing with the IBD 100 Top 10 you'd be_______...I'm not telling yet because it is higher than the IIC Top 10.
"Trade What Is Happening...Not What You Think Is Gonna Happen"
Doug,
The IBD top 10 might be doing well so far this year but not so long ago, investing in the IBD top 10 would have landed your a.. on a platter. I'd guess the IBD/ICC combo would prove to be safer in the long run.
Doug,
The IBD top 10 might be doing well so far this year but not so long ago, investing in the IBD top 10 would have landed your a.. on a platter. I'd guess the IBD/ICC combo would prove to be safer in the long run.
billyjoe
That was the original idea...I originally came up with the IIC 100 in 2004 in an attempt to figure out how they came up with their IBD 100...But since they have access to a lot more data than I do I soon realized it was a futile attempt....So I set my criteria and away I went.
I believe my criteria are generally more forward looking...But, who knows???...But at least my list is free to anyone who wants it.
There are some major differences in the lists though...I have no minimum price criteria...That's why I always mention how many on my list are under 15 bux...usually 20 something are. I also only have a database of just over 5500 stocks...They have more...But the one's I'm missing would probably never show up on either list anyway.
Every weekend I look at every chart on both lists. I post mine at the Public Lists at Stockcharts.com which is free to anyone. I can't post their charts though...ONLY for Personal Use thing 'ya know.
Yes...the Combo list would probably be safer...But one bad report and it's all over no matter whose list your on...Best, Doug(IIC)
"Trade What Is Happening...Not What You Think Is Gonna Happen"
Doug,
I believe IBD often overthinks things and may weigh their parameters incorrectly. They seem to be inflexible once their formula is set. Then they try to pound their philosophy into you and they don't like to be questioned. I like the way you've tried different combinations of statistics and not just accepted what "the man" says.
Doug,
I believe IBD often overthinks things and may weigh their parameters incorrectly. They seem to be inflexible once their formula is set. Then they try to pound their philosophy into you and they don't like to be questioned. I like the way you've tried different combinations of statistics and not just accepted what "the man" says.
billyjoe
My take is that IBD has the data...But they don't want to admit that a million years of research on past winners doesn't necessarily work anymore...The markets have changed...Specifically, much more volatility since the early 90's and before...Due to more use of computers.
Sure...I still like flat bases...I still like Cup w/ Handles...I still like 50 day bouncers...I still like stocks near New Highs...I still like a lot of the Old School Canslim stuff...But you need to adapt....I called for them to change...And they actually have...But nothing I would say is significant.
I believe that their IBD 100 is a mechanical screen...Just like mine...I don't think anyone sits down at IBD and says "OK let's do our DD on these 100 stocks...We go to press in 30 mins."...My IIC 100 is a mechanical screen too...You don't know how many times I wanted to just take IFO off the list.
Now...My Killer Lists are actually subjective...I run several different mechanical screens and then I look at each chart...No, I don't do a thorough DD on all of them every night...But I pick a few to check out further for myself....And I place them all in my streamer.
I might like a stock for a quickie trade...swing trade or a longer term...I'd love to post my thoughts on why each one appears on my lists...But posting is not a paying job and I need to think about my own trades first...As everyone should IMO... I try to post things on a timely basis but I work a job so that's not really practical...Doug
"Trade What Is Happening...Not What You Think Is Gonna Happen"
The good news: If you had purchased every stock in the IIC 100 Top 10 at the open of each week and sold at the close each week this year you'd be up 34.45%.
The bad news: If you'd done the same thing with the IBD 100 Top 10 you'd be up even more...But the gap is closing...IIC
"Trade What Is Happening...Not What You Think Is Gonna Happen"
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