I have 32 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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Going to get my feet wet again.
Started a position in IFSIA on friday $13.30
Strictly a technical trade. On thursday there was a spike down on volume that recovered by the end of the day. I bought when it traded above thurs high.
BC??? Alberta??? Sounds like heaven. I'm from Waterloo, Ont. (aka RIMM country). P.S. "Timmy" was my nickname growing up, as my maiden name was Timm. Actually I once took music theory classes with one other student whose name was Tim Horton. I've always wondered...?
BC.
Tim Horton was a hockey player; played for the Maple leafs in their hayday.
BC??? Alberta??? Sounds like heaven. I'm from Waterloo, Ont. (aka RIMM country). P.S. "Timmy" was my nickname growing up, as my maiden name was Timm. Actually I once took music theory classes with one other student whose name was Tim Horton. I've always wondered...?
Hey, was up there three times this summer (twice for funerals).
The Great White North isn’t a bad place to summer. Not really fond of the winters, I’d just as soon spend them where I can find my golf ball. Sorry to hear you had to plan your trips around funerals. My part of the country (way out west) is really quite beautiful. Even bigger fish than you are fondling.
In most parts of the county THI aka Timmy’s is a landmark. You rarely find one that isn’t busy. Everyone in town knows where it is. Coffee is passable and the evil pastries counteract most attempts at a diet.
Profit margin 24%; ROE 53%; Reasonable debt/equity; .42
Earning announcement Nov 10. Who knows?
Anyway I was going to play the breakout @ 50 but now I’m waiting for the retracement. A little gun shy when the market is confused.
RBabe:
Glad to hear you're doing OK; It looks good on you.
Still sitting on the sidelines waiting for the market to show me it's serious about going up. I'm basically a long side trader.
I want to see a definite trend, althought I'm getting a little bored sitting on my hands.
Looking at THI; Us Canucks thrive on coffee and donuts.
Hey, was up there three times this summer (twice for funerals). THI also has pretty good soup and sandwiches! Loaded up on Coffee Crisp again. These Yanquis just don't know what they're missing!
What has always troubled me about that theory is whom the institutions are selling to or buying from? There’s way more volume than the individual investor can handle. So it has to be smart money vs. dumb money, but how do I tell who’s who?
It makes sense that when there is more supply than demand the price will fall, But attempting to determine why the supply is out there is any ones guess. You can only trade what you see.
One thing I look at is volume. If price is up on above average volume you have to assume that institutions are buying. If you have no price movement on above average volume it suggests that someone is distributing. Even then unless you personally know the participants on both side of the trade it’s only a wild guess.
The trick seems to be to make more on your winners than you lose with your bad guesses.
I agree. But with all the hedge funds hedging, the computer algorithims working their devious magic, the dumb money selling at the bottom and buying at the top, there are always shares to trade by the institutions. For example, when I was a "trusting" broker customer, they always seemed to have shares for me to buy or sell off market from their own account. Go figure. Only the fearless and the most agile (that's us on both counts) should be trading in the market these days with the decks stacked against us. Personally, I am short NFLX and made bucks shorting GMCR last week. L&K
Lazy Dog, I like your analysis! Congrats on the nice gain.
HERE IS SOME MORE WISDOM FROM MY FAVORITE GURU (not Gura, as in skiracer), Marty Chenard. Pay attention to what the big boys are doing...
RB:
Thanks for the link.
What has always troubled me about that theory is whom the institutions are selling to or buying from? There’s way more volume than the individual investor can handle. So it has to be smart money vs. dumb money, but how do I tell who’s who?
It makes sense that when there is more supply than demand the price will fall, But attempting to determine why the supply is out there is any ones guess. You can only trade what you see.
One thing I look at is volume. If price is up on above average volume you have to assume that institutions are buying. If you have no price movement on above average volume it suggests that someone is distributing. Even then unless you personally know the participants on both side of the trade it’s only a wild guess.
The trick seems to be to make more on your winners than you lose with your bad guesses.
Lazy Dog, I like your analysis! Congrats on the nice gain.
HERE IS SOME MORE WISDOM FROM MY FAVORITE GURU (not Gura, as in skiracer), Marty Chenard. Pay attention to what the big boys are doing...
"Today will be courtesy chart day where we share one of the charts from our paid subscriber site. We won't post it again until next month in fairness to our paid subscribers.
As you know, we continually try to stress the importance of what the Institutional Investors are doing. The reason is because they are responsible for over half of the market's volume, and if you go against what they are doing, you will be on the wrong side of the street.
One of the Institutional charts we post, show's the daily Buying and Selling activity of Institutions. Interpreting it is easy ... when there is more Buying than Selling, they are in Accumulation.
When they are in Accumulation, you should not be shorting the market, as you would be trying to beat an 800 pound gorilla.
The opposite is also true ... if the red Selling line is above (higher than) the Blue selling line, then Institutions are in Distribution and you should not go against them by going long in the market.
What is the bottom line today ... are they in Accumulation or Distribution? Please click the link below for the answer and today's chart."
Please click this link to go to the website with today's update:
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