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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If you're one of those that are nervous about the swings (potential for loss) in VLGC, today might be a good time to take your profits - bounce has been on lower volume than the recent selloff days ... stenz
Chris,
My portfolio has gone just about nowhere in the last several weeks. Gains in QVDX offset by losses (so far) in new positions in PDEX and CPTV. These both still have all the right characteristics, IMO, it's maybe just my timing that needs work. I sold out of NTST and TRCI near their peaks, don't know how much either of these has left in them. TRCI p/s is now over 5.0, a yellow flag for me. I sold VLGC the day I posted that it would be a good day to do that (+90% in 2 months). I might get back in it if the conditions were right, but that p/s ratio is also over 5 now. I also sold half my GMAI. HBIO continues to be a bright spot, I love the HBIO chart.
Basically, I'm just playing around with the same old positions waiting for something to cut loose. It is worth noting that several stocks from my screen that I didn't buy have taken off - NICE and IPAR in particular. Also, selling MTRX seems to have been a good idea, and taking the loss on LENS when I did saved a lot of additional pain.
Current positions: CPTV, PDEX, QVDX, EONC, API, HBIO, GMAI
I'm keeping one eye on ABMC that drchrislee took a nice profit on.
My IRA is currently almost 60% cash. Why? Because I observe that the nasdaq, after surging all the way to 2100 last Thursday on over 2.5B shares traded, has flattened out. Basically going up and down every other day with the down days on higher volume than the up days. I am just hoping for some good opportunities in stocks I like if there is a pullback in the overall market. My non-IRA account is almost fully invested, because if there are some opportunities, I can use margin there if I want to to take advantage.
http://stockcharts.com/def/servlet/SC.web?c=$COMPQ,uu[h,a]daolyiay[dc][pb40!d20,2!f][vc60][iLa12,26,9!Lp14,3,3]&pref=G
One last amusing note. Before I started using the screen I use now, I had set one up looking for new 52 week highs on increased volume, along with increased institutional ownership in the previous quarter. Based on this, I bought DDN, a trucking company, for $2.50 on 9/17/02. I sold it on a pop to $2.80 two days later for a 12% gain. At this point in time, my philosophy was different. I thought hitting quick 10 to 15% gains was the way to go. For the rest of the story, look at this chart, you'll see the pop I sold on there at the bottom: http://stockcharts.com/def/servlet/SC.web?c=ddn,uu[h,a]waolyiay[de][pc10!c50!f][vc60][iLa12,26,9!Lp14,3,3]&pref=G
I took a position in PDEX at $2.50 today. I couldn't bring myself to buy it at $3.00, but I believe $2.50 is reasonable. If it would drop to $2.25 I might sell off some BLTI to pick up some more.
I'm also long in BLTI, BDY, NTST, and PRZ. I like them all to double in a year.
Stenz, if you see anything hot, please do post. I'm always willing to sell a good company for a better one
Kinda sucks on that one stock you sold early...but what would that annualized gain be? I bought Foot Locker last year based on a research report I did for a class and made a quick 50% on it, only to look at it again a few days ago to find it almost double where I sold it at. Oh well. We've all done that.
Now, you feel the nasdaq is basing? I've been rather surprised that it keeps going up, I almost shorted QQQ when the nasdaq broke 2050...glad I didn't.
As far as individual stocks, I really don't have any new ideas and I'm getting antsy sitting on all the cash in my account. Good thing Casino Niagara's just a quick drive across the boarder...
Thanks for your explanation on LENS. I decided to close the position with small loss. .
A small loss is much better than a large loss, which is what this would have turned out to be. Boy, did I call that one wrong! We both saved a bundle by taking the small loss that time. Live to trade another day.
The last time I made a speech like this on a message board, it was TRCI when it was about $9. I made a similar speech about IFLO when it crossed $5 and people there were saying it had "gotten ahead of itself".
Glad to see you in both places, lindsayleeds. Hope I haven't steered you wrong on this one, but it looks like you've certainly done your homework on it. Some around here have had some rather unpleasant experiences on some of my picks. I never promised you a rose garden.
Hello Diane, ALVR looks like it has great potential! (7.95% increase Friday. Profit taking??) You should also check out MNDO and PTNR. I've seen all three posted on Lizard Kings Trading Post and they are all located in Israel.
I was out of Mr. Market stocks and stuff for about a month. My dad has Alzheimers and have been traveling out of state off and on to visit mom and help. I had told Ernie that I was following Lizards pics and that I had kind of changed my stock strategy BUT, I realized what an open mind Ernie has and how he loves to see others post other types of things on his board. It's refreshing to see such an open-minded type of person. I appreciate someone who shares and is not in this for his own gain. It's so refreshing! (speaking of Ernie of course!)
I am ALSO in PTNR AND MNDO
We might want to share more with one another! It appears we like the same type of stocks!
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