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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Hmmm...how can it be counted as a win ifn' it never made it to the "buy" zone....
just wonderin'.....hags....
Hags,
Good question. I guess it's just another mystery of the market. I've got to do more research on these results since with MERC hitting target that makes 16/41 of the target hitters or 39% of them never in the zone. Many got within pennies or 1% so I may have to raise my buy zone. Currently it is 96% of the closing price the day it qualifies. Will have some more stats later today.
Hags,
I checked the 16 target hitters that never were in the buy zone. I couldn't find historical data on ISLN since it was bought out and delisted. The other 15 all went up more than 16% from the lowest price after I posted. Maybe I should just say "buy at tomorrow's open" instead of trying to squeeze out another 4% (gained by making buy zone 96% of close). Here are the 15 that were never in the buy zone and the % of closeness they got to the zone before reaching target.
Hags,
I checked the 16 target hitters that never were in the buy zone. I couldn't find historical data on ISLN since it was bought out and delisted. The other 15 all went up more than 16% from the lowest price after I posted. Maybe I should just say "buy at tomorrow's open" instead of trying to squeeze out another 4% (gained by making buy zone 96% of close). Here are the 15 that were never in the buy zone and the % of closeness they got to the zone before reaching target.
Hags,
I ran the results again eliminating all stops. With those that were in the "buy" zone I changed purchase price to closing price on qualification day. This took at least 4% profit from those 24. With the 16 that went up never dropping into the zone I used as purchase price the lowest price the stock reached after qualification but before reaching target. Then I calculated the highest price achieved since the targets were hit. These are the results. These numbers can be used to determine a sell limit order. Turns out 16% was way too early to sell all but 1. The newest, NVMI, is not in the calculations and ISLN also isn't since price couldn't be determined.
Your picks are very impressive. I have to admit I have not follow any of your picks but I will start looking to buy some of your picks if time allows. Great job buddy.
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