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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This one is really low volume...Came onto my radar on the weekend before June 9th when it debuted at # 48 on the IIC 100. However, I was shocked to see it appear in the IBD 100 for this Monday....The ADV is only a little over 7,000shs...But it may be ready for a blowout move if they beat and the c/c goes well. I believe they announce at the close on 8/9/06....Doug(IIC)
ECHO Today:
"Trade What Is Happening...Not What You Think Is Gonna Happen"
Doug, Great pick and probably rose the $2.95 because of your posts. Did you own it aside from playing it in the POTW?
No...I don't own it...but that lucky bastard who got it at 14.25 on the gap down is probably partying tonight. It would have been extremely difficult to get it much under 15.60...and even if you could've you'd probably not have been able to get many shs until the 15.80's or 15.90's...But there's eps on Wed...should be interesting...Doug
PS...it was 2.95% not $2.95...However, due to a quirk in the contest rules...I am up over 12% because the 1st trade was on a big gap dn.
"Trade What Is Happening...Not What You Think Is Gonna Happen"
Speaking of HANS...I ran my IIC 100 scan to check on IFON which mysteriously dropped off the 100 this week...Actually, it wasn't a mystery...I was pretty sure I knew why...Here is a copy of a post I made elsewhere today:
Well...my hunch was right...IFON fka IFO dropped off the IIC 100 because the projection info at my source was delayed due to the symbol change...I made a call over the weekend, but my buddy said that he would check into it on Monday...All fixed now...it would've been # 4....IIC
But speaking of HANS...when I run the scan now...it is not in the Top 10 anymore.
"Trade What Is Happening...Not What You Think Is Gonna Happen"
OK...so me and Goldman Sachs & about about 10 people on the Net think the Fed raises...So we wait and see...I wonder if Homz will be back if there is no increase???
BTW...where is that guy?...I finally had a civil debate w/ him and he disappears???
But I will confess...I really didn't believe in all that stuff I posted...But I learned in Speech 109...A good speaker can take either side and win...Even the side they totally disagree with...I shoulda been a lawyer...But then if I had...I don't think I could've lived with myself...Doug(IIC)
"Trade What Is Happening...Not What You Think Is Gonna Happen"
i believe Uncle ben will raise rates also, which will cause the market to really go down in my opinion since i think the market is betting that there wont be a raise hike.
i believe Uncle ben will raise rates also, which will cause the market to really go down in my opinion since i think the market is betting that there wont be a raise hike.
I'm not so sure about that Ninner...Yes...The Big Mouths, sans me...Seem to be calling for a pause...But the smart money seems to think we get a raise here...At least that's what my gut tells me....The most important thing will be the statement anyway.
Now...I'm lookin' at the Naz BP...which nobody here seems to be interested in...But it is over the 20 ema now...If it holds...I think we see some good times at least short term.
I'll throw the SEASONAL CRAP of the inexperienced viewpoints out the window...It is what it is...Don't know if non-subscribers can see this chart...pls let me know...Best To All...Doug(IIC) http://stockcharts.com/h-sc/ui?s=$BP...d=p21833720501
"Trade What Is Happening...Not What You Think Is Gonna Happen"
Man...I've been lookin' a a load of tech charts...Nothing seems to be acting right...Here's one that seems to be pretty good though...although it is Contrarian...Or is it???
"Trade What Is Happening...Not What You Think Is Gonna Happen"
Here's what this non-subscriber saw. Note the little blurb at the bottom.
You probably already know this, Doug, but if you want to see what non-subscribers see, you can just delete from your computer the cookie(s) set by the host. That way it will not automatically recognize who you are. Then when you log in, a new cookie will be set.
Text Of Federal Reserve's Decision On Interest Rates
NEW YORK (Dow Jones)--The following is the text of the Federal Reserve's decision on interest rates released Tuesday, Aug. 8:
The Federal Open Market Committee decided today to keep its target for the federal funds rate at 5-1/4 percent.
Economic growth has moderated from its quite strong pace earlier this year, partly reflecting a gradual cooling of the housing market and the lagged effects of increases in interest rates and energy prices.
Readings on core inflation have been elevated in recent months, and the high levels of resource utilization and of the prices of energy and other commodities have the potential to sustain inflation pressures. However, inflation pressures seem likely to moderate over time, reflecting contained inflation expectations and the cumulative effects of monetary policy actions and other factors restraining aggregate demand.
Nonetheless, the Committee judges that some inflation risks remain. The extent and timing of any additional firming that may be needed to address these risks will depend on the evolution of the outlook for both inflation and economic growth, as implied by incoming information.
Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; Timothy F. Geithner, Vice Chairman; Susan S. Bies; Jack Guynn; Donald L. Kohn; Randall S. Kroszner; Sandra Pianalto; Kevin M. Warsh; and Janet L. Yellen. Voting against was Jeffrey M. Lacker, who preferred an increase of 25 basis points in the federal funds rate target at this meeting.
"Trade What Is Happening...Not What You Think Is Gonna Happen"
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