IIC's Winners Watchlists

[ParkTwain]

Hot stocks list missed CTCM.

[IIC]

Hot stocks list missed CTCM.

Briefing had an article about them in their paid stuff.

[Rob]

Briefing had an article about them in their paid stuff.

So did Rob's Lobs, the day after the IPO. You bet-cher bottom ruble.

[IIC]

Interesting chart, Doug. I can't help thinking how well one might do trading just QQQQ long and short.

Say you're long: you could sell your position when the 3-day EMA crosses below, say, the 11-day. Then when you hit one of those big red crosses on the chart, go short. Then do just the reverse: cover when the 3-day crosses above the 11-day, and go long on the green cross, etc., etc.

It would be better to use the BP for the Nasdaq 100 for that...Doug

[Rob]

It would be better to use the BP for the Nasdaq 100 for that...Doug

Do you know of a way to back test that strategy?

[IIC]

Do you know of a way to back test that strategy?

You could go back and do it on Stockcharts...but if you wanted to get real close it would take some time...for a general idea it wouldn't take that long though

[IIC]

Bot AES mid 20.60's...IIC

Out...now I can eat lunch today...I'm done...IIC

[Rob]

Out...now I can eat lunch today...I'm done...IIC

And to think ... when you told me:

Lunch is for wimps Rob...IIC

... I wasn't even talking about my own lunch. lol

[IIC]

I'm gonna put a bar in my car and drive myself to drink.

Witness Sys: Identified A Number Of Discrepancies In Option Grants

Witness Sys Delays Filing Of Form 10-Q >WITS

Witness Sys Sees $10M In Related Chgs For Feb '00 To Aug '02

[IIC]

Took some time...but I got rid of all my WITS...2+ years down the friggin' drain

[Runner]

Doug, DIGE has the chart qualities I like. It bases for a good while then it pops. Currently in first pullback.

WHo let the dogs out..

[IIC]

Today's DON'T FALL IN LOVE WITH A STOCK MoMo LIst:

I bailed on WITS today after almost 2 1/2 yrs. I was up 73% and I sold it all on multiple trades at a loss on the Options News...The loss part wasn't so bad...Although I had to listen to my wife when I got home because many of the shares were in her IRA and she had seen the confirmation emails...But she'll get over it.

I should practice what I preach...And most times I do...But this time I didn't...And I didn't listen to some very knowlegeable people on the way down...Live and Learn I guess...Am I mad? Yes...I'm a little mad at myself...Am I distraught...NO WAY...I'll get it back....I got 20 cents on AES today

FTD, NXXI, VGZ, TRU, CTCM, IAAC, CVO, CHL, WEL, LHCG, AMRN, MDR, CACS, KTCC, ALJ, WNR, IIG, ECHO
Little Charts:

http://tinyurl.com/fswku

FTD
NXXI
VGZ
TRU
CTCM
IAAC
CVO
CHL
WEL
LHCG
AMRN
MDR
CACS
KTCC
ALJ
WNR
IIG
ECHO

[IIC]

WHo let the dogs out..

I have a T-Shirt that say's "I LET THE DOG's OUT"...I wear it on cruises 'cause they always play that song...Next one is outta MIA on 9/3

[ParkTwain]

Also kicking myself for a different reason

I just kicked myself for a little while recently because of a specific kind of situation, but one that happens to me about once a month. This is about being prepared to deal with a GOOD surprise during the trading day.

I tend to want to hold a new long position (I do near-term momentum-oriented breakout setups and long trades only) till I get at least a 10 to 15% gain in each position, depending on the market situation and the mix of positions I have at that particular moment. What has happened to me several times (because I've been "especially" right a few times, I guess) is that the stock spikes up intraday to something close to my sell point, but I just sit there and watch it happening WITH GLEE and think it will just keep going up but then it drops back significantly by the end of trading that day.

What I think I need to do is to go into every new day with a LIMIT SELL order on each of my positions that is about 10% above that stock's opening price. I should do this REGARDLESS OF HOW CLOSE EACH DAY'S OPEN IS TO MY SELL PRICE FOR EACH POSITION. Especially given the market we're seeing lately, a gain of +10% or more FROM THE OPEN on any of my open long positions should be enough to put in my pocket for THAT DAY anyway!

I haven't been doing this so far for a couple of reasons:

* I'm only watching the markets for the first 90 minutes or so, before I head off for work. The downside of these intraday spikes happens later in the trading day.

* I am trading in an IRA, so if I sell, I can't safely use those funds to make another buy for another 3 days (that is, until today's sell clears). By selling I lose access to any further gains in that stock for those 3 days. Thus, to sell would mean that I don't expect the stock to gain much more than that 10% for another 3 days (lots of times that is the most likely outcome, but it depends on that stock's and the overall market's recent behavior).

* I usually open a new long position only on stocks make a new all-time high ($$MM$$ board newbies can ask me why later sometime). The intraday spike might occur on unusually high volume, which can be a GOOD SIGN or a BAD SIGN. I can interpret this as a GOOD SIGN in thinking that today's volume means there are a lot of new folks wanting to get involved with the stock and in the aggregate those transactions should serve as a support point going forward after today. Or I can interpret this as a BAD SIGN if later in the day the stock drops way back down to where it opened, or even below (this is an upside down "hammer" in candlestick talk, what is that term?); in other words, that day's action could end up being a bearish reversal and could mean that an important top is being put in just while I was watching.

I guess the stock's intraday volume (up to the time in the day when it reaches my limit sell point) could be the cue as to what I should do when I'm this kind of situation.

In addition to having in place a +10% gain limit sell order in place for each position at the beginning of each day, I could also consider placing a volume-based (rather than a price-based) alert on each open stock position, so I'll be alerted when high volume is occurring in any of my positions.

Of course, for a spiking stock making a fast market intraday, I might not get a fill on my limit sell order that day.

Have any of you guys gone through this kind of quandary, and what did you do about it as to adjusting your intraday trading rules?

//PT

[IIC]

Bot some UTSI 7.30's...IIC