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 suppose I'm becoming redundant, but possess thyself in patience, L.P. (Yuan up to 6.90, check things like AKS, no agreement from OPEC means lower oil which has meant drops in stocks in recent past.)
I share Louetta's reluctance to throw some dry powder on this flaming market, but there are still some picks where fundamentals and business will remain.
That is why my pick out of these top 5 is InterDigital (IDCC).
I am a bit torn on this pick as in the early 90's I purchased 1000 shares of Interdigital (old symbol IDC) at $3.00/ share. Back in those days this company was a simple lowly patent troll with just a few key but questionable pieces of intellectual property. Fighting in courts took its toll and for a long time it was dead money, and I was happy to exit my position much later, selling it for $4.00/share and a long term 33% gain.
Fast forward 2016 and IDCC trades at $80/share and not only does it have a portfolio of over 20,000 patents and patent applications related to the fundamental technologies that enable wireless communications, but they are getting paid nicely from those old court cases they won and patent negotiations they established.
While we may or may not see a pullback in markets (when the FOMC raises rates on Dec 14 or come January once Trump takes office), IDCC will still be collecting their paychecks and the technology they own is not being replaced any time soon.
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My second choice would have been PLBC as the momentum of the banks is not quitting anytime soon. The GDP and consumer sentiment will continue to fuel an inflationary sentiment and future rate hikes which will bolster the banks bottom line. Plus, even Barney Frank admits that Dodd-Frank went too far and there should be some changes, especially for the small regional banks.
However, that PLBC pop on no news this afternoon would have me wait. (I questioned if the PLBC was a Mr.Market pop/effect and maybe someone knew something before Mr. Markets Powerball pick gets posted.... as look at the Mr. Market effect had on CNNX that next morning...LOL)
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Keep On Keepin' On;
-Adam Old Hippy and Mortgage Pro
AMAT looks good to me, with great growth at a great price. Industry is a bit shaky, tho. Semis could take a pretty bad turn, if our economy starts to sour.
IBP is growing fast in a great market, but the stock seems a tad pricey here.
I like the numbers on IDCC and TCX, too, though both have quite choppy charts, and might tank hard in the short-run.
PLBC is a bit too tiny for my taste, and there's not enough info to explain the hockey-stick chart here. Might be due for a correction, or maybe another double in a month, but who knows?
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