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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Sorry for being silent today, but I was quite busy most of the day. I covered 1/2 of my short position for SMSC at 31.25, and will likely cover the rest of it around the same place next week.
So, so far -- so good.
But I appreciated everyones feedback last night. It never hurts to have "too much" information!
Looks like TRAD is going to be added to the IBD100 list come Monday. And the debut it going to be somewhere in the top 10.
So, I am thinking that this sucker has runup quite a bit (from 12.40 to 15.30 in four trading days). But, to me, it looks like it has more legroom to runup.
Anyone agree with my $16.50 near-term price target? Volume and everything looks just almost perfect with this one!
<< Anyone agree with my $16.50 near-term price target? >>
Connect the 11/14 and 12/6 highs and draw a trendline. It runs up to about 15.50, just above where TRAD closed today. Will be interesting to see what happens Monday.
Because this afternoon the market sold off from its morning's highs. The stocks I follow lost 75% of the mornings gains, with the exception of WMT and PBR.
It certainly is not for those who want to sit back and leisurely and watch the market...Heck, you can't even take a bathroom break...It's great!!!...IIC
"Trade What Is Happening...Not What You Think Is Gonna Happen"
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