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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You gotta look at PHRM's chart. Gapped up--huge hole!--over $8! And as you say, "gaps like to be filled." I can just see you putting this one on your watch list, and fading the spike for big $$$. Just alert me when the time comes, okay?
Best of trading to ya,
Yep - one to watch for sure. Now if I can just remember to check up on it every now and then ... lol
I went into RELV finally at 11.16 today...still waiting for WITS to do something(largest holding)...HANS, added in the low 19's...avg buy low 17's...HURC doing well ...Now, what the heck will happen with GMAI??? No need to respond, I'm just blowing off steam...THX, IIC
PS: Keep up the good work Spike!
"Trade What Is Happening...Not What You Think Is Gonna Happen"
I went into RELV finally at 11.16 today...still waiting for WITS to do something(largest holding)...HANS, added in the low 19's...avg buy low 17's...HURC doing well ...Now, what the heck will happen with GMAI??? No need to respond, I'm just blowing off steam...THX, IIC
PS: Keep up the good work Spike!
can't recall where you entered WITS, but it's lookin' like it needs a vacation I looked at the previous charts I had for the entry back at 10.80, and had I jumped on there, I'd be close to closing. A channel turndown would seal it. It better do something soon or people will bail.
I'm holding one of MM's last five picks: MPX. What's your thought on this? It was doing ok after the gap down, but it's turning down again.
BTW, you use red channel a lot. What' the time frame you use to draw the red channel? What's difference among channels in different color (just time frame?)
I'm holding one of MM's last five picks: MPX. What's your thought on this? It was doing ok after the gap down, but it's turning down again.
BTW, you use red channel a lot. What' the time frame you use to draw the red channel? What's difference among channels in different color (just time frame?)
I'm holding one of MM's last five picks: MPX. What's your thought on this? It was doing ok after the gap down, but it's turning down again.
BTW, you use red channel a lot. What' the time frame you use to draw the red channel? What's difference among channels in different color (just time frame?)
Thanks.
Ying
Yes, for each new channel I will pick a new color. Other than that, the colors of the channel have no meaning and are random just to make it easier to read. I think I often use red for downward channels or turn ups.
MPX:
I apologize for wearing you out, but I think this thing is too hot to ignore. PHRM shot up $12.29 on Thursday, May 20 , but with a huge $8 hole. Friday PHRM lost $1.55 of those gains, and I am thinking that we are just one roadside bomb in IRAQ from making this thing pay us the upside down $8. So please consider this a friendly request to glance at PHRM's chart each day next week, as I think we are going to see a long red skid mark in the not too distant future. (Then maybe we can take it long from there).
Seems to be a little interesting action in stocks such as TZOO and PHRM. Could this be the beginnings of a new rally at hand?
Or, could this just be a few stock that are just going against the trend?
If I were a conspiracy buff, I would say that there will be a strong rally this summer, just in time for the presedential election. I would also say that this rally would be supported artificially by a shadow government and that the world is actually ran by extraterrestrial beings that are using us for there own sick scientific experiments. I would also say Elvis is not dead and is running the whole operation.
But... I'm not that big on conspiracies so I'll just say that I think we'll see a rally this summer because of the economy improving, but time will tell.
..apologize for wearing you out, but I think this thing is too hot to ignore.....I am thinking that we are just one roadside bomb in IRAQ from making this thing pay us the upside down $8...friendly request to glance at PHRM's chart each day next week, as I think we are going to see a long red skid mark in the not too distant future. (Then maybe we can take it long from there).
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