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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Well, Madrid has certainly been an interesting place to be lately. I travel by taxi. Expecting some tight security at the airport on Monday for my flight to Amsterdam.
Hmm, that brings you about 125 km from my home town, Nijmegen! it is really a pity that I am awfully busy at the moment. (Witness my late reaction.)
Anyway, I hope you have a nice and safe trip, and enjoy your stay!
Regards,
Karel
My Investopedia portfolio
(You need to have a (free) Investopedia or Facebook login, sorry!)
Wow. Look at AH. Am I glad to be out of this stock few days back. It was major portion of my portfolio. I guess I learned (for time being) the lesson to put the money equally ditributed in few positions...
when something like this happens what are your suggestions. I was going to sell this thing since it has been going through a downward distribution , but i reluctantly never did.
So do I wake up tomm at 830am and sell? It is really unfortunate that this had to happen, I am only 21 but losing 30% in one day after a company fudged a big proportion of their numbers is really troubling. Any suggestions . . anything would help as I am in a sour mood.
thx
TJK
Sorry to hear about that. I also am beginner as far as investing goes. What troubled me was:
1) it went below 50 day moving average
2) lately market has been down but the way it was going down (volume & price ) something looked wrong.
this is the time where I wish Stenz would have been here to answer your question.
Once Stenz returns from his Europe tour I am going to ask him few questions regarding stop orders in that way if something goes wrong & I am not watching the market I can bail out.
when something like this happens what are your suggestions. I was going to sell this thing since it has been going through a downward distribution , but i reluctantly never did.
So do I wake up tomm at 830am and sell? It is really unfortunate that this had to happen, I am only 21 but losing 30% in one day after a company fudged a big proportion of their numbers is really troubling. Any suggestions . . anything would help as I am in a sour mood.
thx
TJK
if it makes you feel any better, I took it up the ass too. In fact, I even bought more the other day On the other hand, I don't think the news is awful news and so far today the recovery off of the lows seems to indicate that. Just looks like my short term investment strategy just turned long term...
Greetings from Amsterdam - (Karel, so close and yet so far!)
Glad I got stopped out of QVDX when I did.
Setting stops is based on TA, it's not foolproof, but it limits losses - refer to my comment when I said I'd been stopped out of QVDX - "I had set a stop a nickel below the previous low". Any stock will fluctuate, small caps sometimes quite a bit. A stock with good prospects should be in an uptrend, which means the proverbial higher highs and higher lows. Qvdx dropped and bounced after their last report. I didn't entirely understand why, but that's what it did. I just figured that if it went below where it had sold off to after the report, it was all over.
I was also stopped out of EONC - had set the stop at $3. Same basic reasoning.
Since then, I have also been stopped out of CTRA at $3.40.
My portfolio has been going nowhere lately, but that's not too unreasonable given what the market has been doing the last few weeks.
As far as what to do with QVDX now - we've discussed this here a bit in the past. I sold LENS for around a 30% loss at around $10 after they disappointed in November, it's now at $6. 30% may not be a pleasant loss, but it's a lot better than watching your remaining position dwindle even more.
Got stopped out of QVDX...oh well, I guess that'll offset the taxes on TRCI
Just wanted to get everyone's opinion on MGIC. I owned this a long long time ago and made in excess of 300%. Not quite sure if I see that potential again, but maybe 50%. What does everyone else think?
Hope you're enjoying the Netherlands. I've heard that there is alot to enjoy. I wish I could be there.
Anyway, have you ever tried to purchase the entire basket of stocks that you're screen comes up with. I mean don't even look at the fundamentals or technicals and just buy the whole thing in equal amounts.
Hope you're enjoying the Netherlands. I've heard that there is alot to enjoy. I wish I could be there.
Anyway, have you ever tried to purchase the entire basket of stocks that you're screen comes up with. I mean don't even look at the fundamentals or technicals and just buy the whole thing in equal amounts.
I'm back. No, I never tried that. I'd like to think that my research adds value to the screen. I may be delusional, but that's what I like to think, anyway.
Did you see CRIO's latest run the past week? Another nice swing trade for me. We still could not sustain run and set a new high, but check out the volume. It shouldn't be too long before it we break $4 IMHO.
STENZ Abandoned his board. HE posts regularly on the Yahoo NTST and HBIO board. In fact he posted there several times today. 3/26
STENZ why are you ignoring the HUGE one??
STENZ - I am not a stalker I promise. Just a have no life lurker.
Not a deliberate boycott. I simply have had nothing to add, having made very few changes lately. Some of my holdings are up, some down. I have been active on the NTST board for almost two years now, though I have no current position in NTST. HBIO is currently my largest holding, and I just think that continuing comments about HBIO are more appropriate for the HBIO board. Also, I have been extremely busy since returning from Europe, having accepted new responsibilities as a result of meetings on that trip.
I've decided what I'm going to do in terms of researching your screen. I'm going to backtest 10 years to see how an equally weighted portfolio of the stocks selected by the screen would have performed relative to the S&P and other benchmarks on a yearly basis. Not very involved, but it should be good enough for a 10 page paper. Do you have any suggestions/ideas? One problem I see is trying to weed out the stocks on the relative strength aspect. I'm not quite sure how I'm going to do that just yet.
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