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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TASR CLIMAX TOP, Seriously, I wonder where the top is on this one. Drawing channel lines I come up with infinity as the answer. This can be stopped quickly I'll just purchase a few shares.
billyjoe
I don't short stocks, but if I was going to, this would be right at the top of my list. What is the P/E now, like 300? Looks like an internet bubble throwback to me.
I dont short stocks either, but I buy put options every now and then.
I am looking hard at this one. I allow myself a gambling move once in awhile. I will buy an out of the money put for sure, if I buy. Any ideas?
Looking at Apr90 put, but only a week left. The stock was less than 80 four days ago.
I dont short stocks either, but I buy put options every now and then. I am looking hard at this one. I allow myself a gambling move once in awhile. I will buy an out of the money put for sure, if I buy. Any ideas?
Jaws57
Don't do it man. There are better shorts out there to buy puts for.
Good chart info Spike!!
But the dice left my hand, I am in at $2.00 on the Apr90. This is my gambling money and even if I lose 100% I wont get down about it.
We will see what happens on Mon, I'll take a strong look at your other idea. I have no problems cashing out and going to a different craps table.
Keep up the good info, I like reading your posts!!!
Jaws57
OK good luck with it. Just looked at the price of the April90 puts and they're 1.10x1.20 despite the fall in stock price. Ouch. Is that right? It wouldn't surprise me if it is. One time when I bought puts on a plunging stock, the options devalued despite continued drop in stock price. I was furious naturally and ended up break even despite something like a 15% drop in the stock price. Bunch of crooks, those options MMs.
Actually...from a fundamental perspective, TASR's revenue growth has been impressive. HOWEVER...
The market is very cruel when it comes to one company hogging all of the profits. As we speak, there are probably dozens of well capitalized companies with blueprints on the table for a better stun gun. What the market giveth, the market taketh away.
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I am HUGE! Bring me your finest meats and cheeses.
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