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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I already own HAR, it has been a great performer. I look forward to another 15% out of it!
From the rest, I like COF- why do you say the timing might not be right? Looking at tech indicators I thought a trade there would be the best timed of all. Rising MACD even on light volume, stochastic just took a bounce off the 80 line to head higher and crossover - seems to be timed well. The low average trading volume is a concern, but not one I have let stop me before. The price is sitting right on the 9 day ema, no extension to worry about so I can keep a stop loss tight. I am probably going to put in a buy order at $65.25 to catch a volume move up.
So oh huge one -- do yu think COF is a good play from the Mr Market perspective? In general what do you think of plays on the other 4 of your top five picks? How do you decide amongst the last five? And where do you get the great fundamental info you always write about when you make a pick?
Neal
I already own HAR, it has been a great performer. I look forward to another 15% out of it!
From the rest, I like COF- why do you say the timing might not be right? Looking at tech indicators I thought a trade there would be the best timed of all. Rising MACD even on light volume, stochastic just took a bounce off the 80 line to head higher and crossover - seems to be timed well. The low average trading volume is a concern, but not one I have let stop me before. The price is sitting right on the 9 day ema, no extension to worry about so I can keep a stop loss tight. I am probably going to put in a buy order at $65.25 to catch a volume move up.
So oh huge one -- do yu think COF is a good play from the Mr Market perspective? In general what do you think of plays on the other 4 of your top five picks? How do you decide amongst the last five? And where do you get the great fundamental info you always write about when you make a pick?
Neal
I already own HAR, it has been a great performer. I look forward to another 15% out of it!
From the rest, I like COF- why do you say the timing might not be right? Looking at tech indicators I thought a trade there would be the best timed of all. Rising MACD even on light volume, stochastic just took a bounce off the 80 line to head higher and crossover - seems to be timed well. The low average trading volume is a concern, but not one I have let stop me before. The price is sitting right on the 9 day ema, no extension to worry about so I can keep a stop loss tight. I am probably going to put in a buy order at $65.25 to catch a volume move up.
So oh huge one -- do yu think COF is a good play from the Mr Market perspective? In general what do you think of plays on the other 4 of your top five picks? How do you decide amongst the last five? And where do you get the great fundamental info you always write about when you make a pick?
Neal
Actually COF ran a very close 2nd....they actually do better if interest rates bump up a little because people move away from home equity lines into those short term credit card deals.
I have answered your questions in another post, perhaps someone else can dig it out.
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I am HUGE! Bring me your finest meats and cheeses.
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