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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Hey Stenz, Thanks for QVDX, I'm glad I got back in. I have one question, where did CTRA come from, I don't see it in your screen?
Regards, Norm
You're welcome, Norm. CTRA showed up on my screen about a month ago, I liked it and added it to my watchlist, and just, uh, watched it. Then it fell off the screen due to drop in price resulting in low 3 month RSI. I bought it when it looked like it was starting to move up again off the support it had found just above $4. I had been hoping to pick it up for around $4, and actually had a buy order in at $4.01 for about a week. The press release about the partnership with SAP made it unlikely that I was going to get it that cheap, so I "bought on the news". It's working out OK so far.
I sold off my BEL today...was tired of it doing nothing. I am looking into QVDX, PMTI, and even VLGC again. What do you think of these three right now and what would you reccomend? I need a winner!!
FYI - I just dumped all my API for $2.11 and all my GMAI for $11.52.
Mind if I ask why? Looks like GMAI did well for you, but API got between 1 and 5% gain. What triggered?
Dumped both for the same basic reason in a way, and it has nothing to do with how well they did for me in the past - I don't think they're going much of anywhere from here.
API's last report was acceptable but not noteworthy, trading volume has trailed off, I just no longer had much confidence in it. I would be willing to buy this one again as a value stock, but it just has no momentum.
GMAI's last report was very good, but it seemed to have very little effect on the stock. Technically, it's looking ready to break down through the 50 day and have a correction. I have mentioned this one several times as the one to sell out of the current holdings if you had to make a choice, due primarily to low gross margins.
After my last few buys - getting the WITS back, and buying CTRA, I was close to 100% invested in my IRA and over 100% in the non-IRA. GMAI and API both came out of my IRA to generate a cash position to be able to move on any opportunity that might arise with something on my watchlist.
Dumped both for the same basic reason in a way, and it has nothing to do with how well they did for me in the past - I don't think they're going much of anywhere from here.
Interesting.. I'm feeling the same way about TIII and a little about EONC and HSKA. HSKA I'm waiting for earnings on. The thing that bugs me about TIII is that when I got in it was a good momentum play and I should have sold it, but it dropped and since then has done nothing.
Btw, do you mind saying how much you got your WITS back for? I didn't see it in your post.
Interesting.. I'm feeling the same way about TIII and a little about EONC and HSKA. HSKA I'm waiting for earnings on. The thing that bugs me about TIII is that when I got in it was a good momentum play and I should have sold it, but it dropped and since then has done nothing.
Btw, do you mind saying how much you got your WITS back for? I didn't see it in your post.
By the way, it's really not worth mentioning or tracking and doesn't have anything to do with my long term view, but in the interest of full disclosure, I've been trading a small chunk of PDEX. Holding a core position, and using limit orders to trade the small chunk. I've been in&out a few times in the last couple of weeks - selling at $3.20 or $3.15 and buying at $3.00 or $2.85. You may have noticed by now that most of my positions I hold for at least several months, but in order to qualify for ETrade's PowerETrade service, including a nice level 2 streamer with streamlined order entry, I need to make 25 trades per quarter. This is how I do it, and generate a little extra return.
I'll do this with stocks like TRCI that was swinging wildly, or with stocks that may be establishing a base. If I'm watching the trading activity anyway to get a feel for whather it's time to load up or unload, I may as well capitalize.
What do you pay in commissions with that fancy ETrade stuff? I have to admit, I was a little reluctant at first, but I'm loving Freetrade. It's nice to take $5000, make 2% and sell in a day with no commissions. Makes me happy
What do you pay in commissions with that fancy ETrade stuff? I have to admit, I was a little reluctant at first, but I'm loving Freetrade. It's nice to take $5000, make 2% and sell in a day with no commissions. Makes me happy
What do you pay in commissions with that fancy ETrade stuff? I have to admit, I was a little reluctant at first, but I'm loving Freetrade. It's nice to take $5000, make 2% and sell in a day with no commissions. Makes me happy
Freetrade looks interesting, Chris. I've gotten used to having level 2, so that would cost me $14.99/month at FreeTrade, compared to $139.90 in commisions I paid last month to ETrade. But if I have a problem, I can call someone on the phone.
Now that you've free'd up some money now Stenz what are your plans now? I just ran a screen comperable to yours and PRFT comes up 4th on the list I like this stock and especially under $4 I have a buy at 3.85 but think that is wishfull thinking, however it is flirting with $4 which I think is a possible support level from this week's actions.
Rumaging through the stocks that have turned up I must say that this is the only one that trips any triggers off hand.
I just checked it out and I am going to do this!! My only question is how long does it take to settle a trade and can you sell a stock you bought with unsettled funds before the settlement date?
Do you have a margin account? This looks like a traders dream!!
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