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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Well, yes, but only if that company actually makes and sells something that somebody wants to buy.
People were still buying gasoline in California last time I was there. I assume they still do.
Originally posted by ParkTwain
Otherwise, the company *does* pay the tax, or permit, or fee, or whatever.
But if nobody buys their products or services, they will be out of business in a very short span of time, in which case the money that went to pay for those fees, taxes, etc., ultimately came from an individual's pocket anyway.
That was quick. I'm in FTEK for the growth, overweighted in it. May lighten position or start trading a portion at $20 or so. New contracts announced this morning.
That was quick. I'm in FTEK for the growth, overweighted in it. May lighten position or start trading a portion at $20 or so. New contracts announced this morning.
Takin' no changes...sold the rest of FTEK...Overall +.10sh avg
Traded AMR today...airlines were doin' pretty good...Did OK...But it's gonna take a heckuva lot of these to make up for the beating I'm taking on ABAX...ABAX dropped below the 200sma for a bit...but it came back and closed well above it...I held...IIC
"Trade What Is Happening...Not What You Think Is Gonna Happen"
I have not posted my S/R scans for quite a while...But I look at them every night...We pierced 3 Naz support levels today...Not a very good sign...Here is what my scan says...there are higher and lower levels...But I think this should suffice for tomorrow(BTW...I have to hit the road right after the open...might catch the close???)
NAZ S/R
Resistance
2231
2215-VERY STRONG
2295
2284
2274
Support
2267
2249
2240
2231
2222
Guess there are not a whole lot of people who like to read my S/R scans...IIC
EDIT...I don't mind being corrected when I am wrong...But they really were typos
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