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Made myself a list of five of Ernie's open positions which I figure I'll buy at some point. Hopefully soon. On the good side the time of year is now better, we know China is weak, the Saudis have sold. On the bad side oil may go lower, Saudis may sell more, some hedges might go under and there may be a credit event but at least they'd be good stocks at semi-reasonable valuations. I picked ASX, LCI, QLYS, CACC and HRTG in no particular order. Stared at the revenue increases over the past 5-6 quarters, modest PEs except for QLYS, a big dividend for ASX (some China risk here).
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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