ParkTwain's Parlor

[Websman]

I wonder what Poorman's means by an "interesting chart." His samples don't define the term.

I'm not sure, but I really like his level headed approach to investing.

I wonder what Poorman's means by an "interesting chart." His samples don't define the term.

[billyjoe]

Ray,
Poormans has about the best reputation I've seen in the business.

billyjoe

Years ago I subscribed for about 12 months to (now deceased) Al Frank's "Prudent Speculator" newsletter, which I can recommend as basically sound. They publish a recommended portfolio and also run a fund (maybe more than one) that reflects the newsletter's published picks.

http://www.prudentspeculator.com/

[Websman]

Park,Your my kinda guy. At one time I did subscribe to different [stock grues?] without much success. The only one that made me some money was The Speer report. I would listen to the people on this forum before ever using any paid for sights. I would take Spikes advice plus all the other posters and now we have Dave,robbb, and Jim I would name more but I might miss someone how can you get more Info than we get here. I would just like someone to tell me when and what to buy and when to sell so that way I could enjoy a couple more beers and not worry about throwing my dart.

RL, if I may, I would like to recommend Poormans service to you. I've done very well with his picks and strategies. His model was up around 34% last year. I found VPHM and a few other big winners through him.

In my personal opinion, it's well worth the $25 per month.
Here's a link - www.poormans.com

[RL]

Park,Your my kinda guy. At one time I did subscribe to different [stock grues?] without much success. The only one that made me some money was The Speer report. I would listen to the people on this forum before ever using any paid for sights. I would take Spikes advice plus all the other posters and now we have Dave,robbb, and Jim I would name more but I might miss someone how can you get more Info than we get here. I would just like someone to tell me when and what to buy and when to sell so that way I could enjoy a couple more beers and not worry about throwing my dart.

"Do you subscribe to bar charts?"

No. All my research is based on publicly available free information.

[RL]

Hay PARK thanks for the Info. Do you subscribe to bar charts?

Ray, I use a particular page for the day's new 52-wk highs list.

http://www2.barchart.com/high.asp?=&sort=8&what=ALL&force=high%2easp

Notice on this page at the upper right that there is a link "FlipCharts". This opens a small, separate window in which you can click "Next" to see a stripped-down 1-year chart for each stock found on the page. I can use the FlipCharts to quickly identify which charts indicate the more interesting potential setups. For each of these I then open the Yahoo "max" timeframe chart to determine whether a given new high also is, or is near, the all-time high PPS. Then for the stocks who remain candidates I check the RSI and other qualifying technicals using stockcharts.com.

[RL]

Park, don't know how you did all this work In 2hrs. going to try to play your results.

There is an embarrassment of riches in all-time high (ATH) breakouts to choose from after today's market session. It required about 2 hours of my time to derive this list of trade candidates. I would say that almost every one of these is a good candidate for opening a near-term long position.

This long list of candidates is an example of why, in a bull market, I feel there is no reason for me to position-trade anything other than breakouts beyond a previous ATH price per share. Restrict myself to no more than 10% above the previous ATH resis price, so I can set a max 10% stop loss. Looking for at least 10% gain per long position over the subsequent 10 to 15 trading days, but a hold scenario that provides up to 20% gain would be considered. Would prefer an entry that requires closer to a 5% stop loss.

I would usually perform this research using 1 to 2 weeks of daily new 52-week highs lists.

Results below are presented ordered by PPS price range. I would prefer candidates with PPS under $30/sh. Actual selection of a candidate to trade depends on the likelihood of the strength of the ensuing breakout run, based on (a) examining several corroborating technical indicators, (b) length of time between previous ATH resistance and the present, and (c) span of time the PPS previously spent at or near the previous ATH resis point.

It's also interesting to see several golden oldie tech stocks (BRCM, QCOM, RHAT, THQI, YHOO) from year 2000 in this list. Tech stocks LRCX and VCLK just missed inclusion (see criteria below). GHL is another good-looking stock that didn't make this cut. GFX would be a candidate but has low avg daily volume. ORCC was also a near-miss.

From my research tonight:


All-Time High (ATH) Breakout Candidates List
(taken from Jan 9, 2006 new highs list)

* Increasing fwd e.p.s. (Yahoo data)

* 3 mo. avg. daily volume >50K sh (Yahoo data), SOME EXCEPTIONS

* RSI > 65 and already uptrending for at least prev 1 calendar month

* Price per share (PPS) @ all-time high but no more than 10% over prev all-time high resis
-or-
PPS within 5% under prev all-time high resis (imminent ATH brkout)
-or-
PPS brkout beyond recent resis but next resis is >$20.00/sh higher

* Prev ATH resis occurred at least 2 mos ago

* No REITs, buyout targets, ADRs and foreign, banks, funds, ETFs, mining and gold related



>>$0.00 to $9.99/sh
ACTG (imminent ATH brkout),
ANX (brkout today, ATH 5 yr ago on very low vol),
GIGM (brkout today, high headroom),
HOMS (imminent brkout, high headroom),
MBRX (LOW VOL EXCEPTION, imminent ATH brkout, strong ChMF),
UCTT (imminent ATH brkout, LOW VOL except recently),
YMI (ATH brkout today)


>>$10.00 to $19.99/sh
ALY (brkout 01/06/05, ATH >6 yr ago on very low vol),
BKRS (w/in 10% over prev ATH resis),
CLZR (imminent ATH brkout),
ENG (ATH brkout today),
HMT (imminent ATH brkout),
PDFS (w/in 5% under 4-yr and all-time high),
RMIX (imminent ATH brkout),
TRAD (ATH brkout today)


>>$20.00 to $29.99/sh
AGYS (imminent ATH brkout),
GNTX (w/in 5% under ATH),
RHAT (imminent brkout, high headroom),
TEN (recent brkout, high headroom),
THOR (imminent brkout, ATH 9 yr ago on very low vol),
THQI (imminent ATH brkout),
TRID (ATH brkout today),
WIRE (ATH brkout today),
WW (ATH brkout today)


>>$30.00 to $39.99/sh
AOS (w/in 10% over prev ATH resis),
DAKT (w/in 10% over prev ATH resis),
HLF (w/in 10% over prev ATH resis),
SIRF (w/in 10% over prev ATH resis),
SNA (w/in 10% over prev ATH resis),
SPSS (imminent ATH brkout)


>>$40.00 to $49.99/sh
APH (w/in 10% over prev ATH resis),
CAM (w/in 10% over prev ATH resis),
EYE (imminent ATH brkout),
FCL (w/in 10% over prev ATH resis),
QCOM (recent brkout, high headroom),
VTS (imminent brkout, high headroom),
WM (imminent ATH brkout),
YHOO (recent brkout, high headroom)


>>$50.00 to $59.99/sh
BRCM (recent brkout, high headroom),
GSF (ATH brkout today)


>>$60.00 to $69.99/sh
BDX (w/in 10% over prev ATH resis),
LMT (w/in 5% under ATH),
NOC (w/in 5% under ATH)

Took profits in 1/2 of my OXPS position at >25% gain. Added to long position in DDD. Closed TWGP with 2% loss. Trading portfolio up 9.8% for 2006 YTD.

MOT
Expecting bullish behavior in near term. Nearing 52-wk high of 23.99.

BRCM
Acting strong again today.

OXPS
Fine bullish action this morning, another intraday 52-wk high.

DDD
Renewed strength indicates a near-term bottom was put in last week.

BTJ
Remarkable continued bullish strength today.

+4% followthrough today in BRCM. Good stuff.

S&P 500, Nasdaq, Russell 2000 all making new 52-week highs today so far.