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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good morn IIC , I started buying EZEN yesterday . I see you have now listed it in yours.( I always like someone elses confirmation.)Can you tell me how you come up with your "ZOMBIES "list.
good morn IIC , I started buying EZEN yesterday . I see you have now listed it in yours.( I always like someone elses confirmation.)Can you tell me how you come up with your "ZOMBIES "list.
Happy trading ........... grebnet
Actually pretty easy...Oversold and stating to make a bounce past RSI(14) 25
"Trade What Is Happening...Not What You Think Is Gonna Happen"
In 1976 I paid .69 gal for gas...2 days ago I paid 2.28 gal...Less than the rate of inflation...According to the calc. at this site I should have paid 2.31...What is the BIG Deal???
I think the Big Deal is the volatility...Just like the markets in many other things. I own 2 SUV's and I have a Co. SUV...I had a '78 Camaro that got 8 mpg City/11 Highway...Am I better off w/ 2 Escapes that get over 20 mpg and an XTERRA that gets 14 mpg...I think so.
"Trade What Is Happening...Not What You Think Is Gonna Happen"
good morn IIC , I started buying EZEN yesterday . I see you have now listed it in yours.( I always like someone elses confirmation.)Can you tell me how you come up with your "ZOMBIES "list.
Happy trading ........... grebnet
Grebnet,
In Doug's list was ENZN not your EZEN. EZEN just transfered to OTC, which showed great performance since then.
In 1976 I paid .69 gal for gas...2 days ago I paid 2.28 gal...Less than the rate of inflation...According to the calc. at this site I should have paid 2.31...What is the BIG Deal???
Doug, remember how stocks were looking in the late '70's?
IMHO, oversold and RSI are not enough to catch the turn. Combining with MACD bullish divergence might do.
Cheers
Micky
You might be right...my scan is very simplistic...In fact all my scans are. They are just a starting point. Look at the Cup w/ Handles and flat bases I post every week...Not many of them will break out...I just offer scans as a starting point.
"Trade What Is Happening...Not What You Think Is Gonna Happen"
Doug, remember how stocks were looking in the late '70's?
Follow-up to my post:
I have nothing against trying to develop alternate energy. But I think there are some scare tactics going on. How much oil is there? Will we run out in the next 200 years? I have no idea...But I can see the point of developing alternate forms of energy...but I can't buy the increased price of gas complaint.
Adusted to 1996 dollars the price at 2.07 gal today is equivalent to 1.70 gal in 1996...which is right where it was.
Lets use 1996 dollars to compare gas prices back to 1949....The reason I'm using these dates is because of the chart below....which only goes to 2003...but I converted the figure for 2005 using the CPI on the present price of 2.07 back to 1996.
In 1949 the price of gas was 1.55 gal in 1996 dollars...so, after 56 years the price has increased .15 gal in 1996 dollars or 10%.
If the price of gas followed the CPI from 1949 till 2005 the price of gas would be 2.08 gal...Pretty darn close, isn't it?
My calcs are not exact because I have to eyeball the chart...But the reality is that gas is not overpriced vis-a-vis inflation over 56 years.
Here's where I get my CPI numbers: ftp://ftp.bls.gov/pub/special.requests/cpi/cpiai.txt
Speaking of inflation...there are many factors involved and everyone is not affected equally. There is also a domino effect as the price of one thing affects another. But let's take an example...Housing has far exceeded the rate of inflation...but the average wage earner who has owned their house for 30 years is in great shape. The avg wage earner who is a first time home buyer today must sink a much larger percentage of their income into it.
I'm a lot more concerned about lack of affordable housing than I am about gas prices.
Look at Telephone service...I pay 48.95 a mo. + taxes for unlimited long distance anywhere is the US. 10 years ago my phone bill averaged over 150 mo.
"Trade What Is Happening...Not What You Think Is Gonna Happen"
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