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 is a record 7th time MIPS has appeared as an uptrender. It blew by it's target of 11.46 on 10/26. Was a buy at 9.84 on 10/21. Since has hit a high of 15.60.
AUDC is a buy at 5.81, stop 5.52, target +16% of 6.74
Just did a check on performance of 2X uptrenders vs. 3X uptrenders. For all time periods I checked, the 2Xers outnumber the 3Xers at least 2-1 so there are always more candidates.
From 10/28 to 11/24 there were 15, 3X uptrenders and 39, 2X uptrenders.
In calculating those reaching a goal of 16% gain during the same time period, the 2Xers achieved an excellent 44% success rate with 17 of 39 reaching the target.
Amazingly, the 3X uptrenders had a success rate of 80% or 12 of 15 between 10/28 and 11/24.
With these encouraging results I'm certain that the 3Xers are the ones to follow and I'll not track the 2Xers anymore. With the smaller numbers the 3Xers will be easier to follow as well as being more profitable.
Next, Ill caculate the number that dropped 4% into the buy zone as well as those that would have been stopped due to a 5% drop under the buy point.
Today 2 more uptrenders hit target. That makes 26/31 or 83.87%.
SPRD hits at 18.01 (took 28 days) (it has another target of 19.45)
XXIA hits at 17.70 (40 days)
Only 1 negative out of 1st 32 picks. NANO is the turkey of the bunch. I owned it and sold for a loss. Currently holding AUDC, SPRD, and SIMG with gains and EBIX with a 3% loss. EBIX hit target on 11/9 while I must have been taking a nap.
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