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.)
If this is your first visit, be sure to
check out the FAQ by clicking the
link above. You may have to register
before you can post: click the register link above to proceed. To start viewing messages,
select the forum that you want to visit from the selection below.
Spike,
Double bottom on KBH right now. Is it a buy?
No, if it were me, I'd bid 80.30, and attempt the 'head' entry of an inverted SHS today. That 80.30 is yesterday's neckline break, so it's where you would have entered yesterday with it (since yesterday was a channel long on the daily). Then put stop under yesterday's low of day for the gold medal entry. If it trades down to your stop, you don't want to be long.
Not sure she's going to dip that low . . . at least I hope not. I'll watch and see this afternoon. KBH needs to pop out of its funk.
What's your view on GooG? $300 Sept calls sell for nearly $11; $300 Dec calls go for $30. Wall Street believes this baby is going to pop. Do you have a plan to play this one?
Thanks for the input Spike. I have actually taken some off the table already, and will consider doing so with the rest per your input. I also drew a channel (from the first 12.75 high), and STV backed touched the upper and backed off. Profit taking today.
Bottomed at $80.44 (for now) and popped back up to $80.70. (So far).
TOL is holding its own; I figured this sister stock would hold its own, too.
Yes, today's price action for KBH is just uninspiring. The setup yesterday was a valid long, and that stop is still in place. The other day I posted that hourly chart with PSAR and money flow. The entry was the day before the gap up, and price action since stopped out the b/e stop.
Today, there isn't a play on it as far as I see. It's weakening, and I just checked and there is a channel turn down from the 79.19 low, and if it's still there at close, that is bad for it. Better stocks out there at this minute.
haha that's the question. I am absolutely NOT surprised that the bull is just chuggin' along despite expectations of a pullback, and in the face of insignificant things like Vector! haha
To answer your question; I don't know! lol I just wish Vector would have switched to bull today so I could change my stinkin' Avatar!
lol did you load up the boat on it yesterday or sumfin?? It ain't that bad! Still working on that channel turn down, but while 79.19 holds, it's got a chance.
lol did you load up the boat on it yesterday or sumfin?? It ain't that bad! Still working on that channel turn down, but while 79.19 holds, it's got a chance.
Yes, for myself and a few preacher friends. You know: performance counts in that crowd You say its got a chance. I am afraid that if it doesn't bounce, I haven't got a prayer!
Yes, for myself and a few preacher friends. You know: performance counts in that crowd You say its got a chance. I am afraid that if it doesn't bounce, I haven't got a prayer!
LOL I understand! OK, post a chart with your entry if you have time, and let's look at your setup/plan and r/r, and tell 'em all you've got a line to God but he won't change the stockmarket for you! lol
Comment