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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first found thisstock when it was trading around 4 up on huge volume, quickly took off to 6, same day say was at around 21, say continued run itig took a breather. Both india IT plays i think. IIT are you long this stock or just playing momentum what do you think the future brings, I think india could be big in a year, at least potential is there. might take a postion dunno though . . . thoughts please
tjk
first found thisstock when it was trading around 4 up on huge volume, quickly took off to 6, same day say was at around 21, say continued run itig took a breather. Both india IT plays i think. IIT are you long this stock or just playing momentum what do you think the future brings, I think india could be big in a year, at least potential is there. might take a postion dunno though . . . thoughts please
tjk
I liked the chart and EPS projections and Thurs. price action...I figured it for a reversal and BOT Friday morning. This past weekend a lot of people were posting about it on the Net...Then I saw this news:
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The news part was just dumb luck on my part...I didn't know anything about it on Friday...I will hold for now...To be honest, I don't even know what they do besides some sort of e-commerce tech solution thing...Yes, I think India will be big...but I don't know much about it...I have been following China though...Best, IIC
"Trade What Is Happening...Not What You Think Is Gonna Happen"
I bought Wits as well today at $10.11. Just wondering when you got in and whats your target price, Ill prob dump at $11. Your thought please IIC
I got in in the 10.40's...really faded...but I like it...so will give it a day or two. No specific target price in mind...it closed at the bottom end but it is a new 52 week high. The market was weird today...we will have to wait till tomorrow to see if it will rebound or heasd down to 1870-1890 again. If the mkt rebounds I still like this one...Best, IIC
"Trade What Is Happening...Not What You Think Is Gonna Happen"
I had 3 up, 3 down and one unchanged from my buy points...only lost 1.2% today...Beat the NAZ by almost 4/10ths %.
The thing that disturbs me though is that I knew there was a problem when the NAZ dropped below 1960 and an even bigger one when it dropped below 1930. It's not so bad when you do the right thing and lose...but when you know better, well...
"Trade What Is Happening...Not What You Think Is Gonna Happen"
Yeah today was wierd, i think what happend is that the end of the day represented what it would have did all day if there wasnt the news yesterday about sadams capture. Tomorow morning id like to see a positive opening in order for me to dump any more cash into my pics.
PS, watch for ATAR rebound and reverse to $3.90 somtimes this week and TIVO from $6.45 to about $7.20
Of the two (TIVO and ATAR) I would say ATAR has a better chance to do something near term...but those two are too risky for my tastes. TIVO may be profitable someday which could make long term holds a good investment...but I'm more of a "What can you do for me today kinda guy"...A long term hold for me is about 6 weeks...although I have played some for a lot longer...e.g. CREE from 11/98 to 2/00...BOT on rises...SLD on dips...worked out great 6x. Would've done better by holding, but I slept well on the dips...Best, IIC
"Trade What Is Happening...Not What You Think Is Gonna Happen"
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