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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I think your string of amazing successes has scared away all the market psychologists.
That could just be the best possible reward, besides being a few steps closer to a very comfortable retirement.
Did you happen to see the QVDX report? I really like phrases like "We are outperforming our competitors and gaining market share." Guidance provided should lead to another round of estimate and price target increases.
I'm anticipating brief resistance at $6 on the way to $7.50. Could be another one to two month double here.
Jason,
Your question was pretty open-ended, and I'm not getting paid as an investment counselor here. I saw your question "tell me everything you do, step-by-step" and didn't have time to really do it justice at any time during the last 6 hours or so since you asked it. Why don't we approach it this way ... go back and read a few of my earlier posts where I describe what I do with the candidates from the screen. If you have specific questions about something, ask and I will do my best to answer and/or direct you to a site where you can learn some great stuff. As we go along, I will comment from time-to-time on market conditions or on specific changes I'm making in my portfolio, and we'll all learn together about what works well and what doesn't.
Maybe you didn't intend it this way, but I found "not gonna answer my question?" to be petulant, demanding and disrespectful.
Stenz, HBIO and GIGM haven't be acting nicely the last week or so. I think that you are still holding them. Unfortunately my basis isn't as low as yours. If your basis was near current price - would you be adding or selling.
Stenz, HBIO and GIGM haven't be acting nicely the last week or so. I think that you are still holding them. Unfortunately my basis isn't as low as yours. If your basis was near current price - would you be adding or selling.
Mike,
I am still holding both of those. It's very important to look at price together with volume. Pullbacks on low volume are sometimes buying (or adding) opportunities. It's a real tightrope walk and even a bit of a contradiction to buy stocks that are going up when they pullback. Buy strong stocks in a moment of weakness.
I've actually been expecting GIGM to pullback to around 2.75. I would be adding here if I didn't just buy a boatload of QVDX yesterday.
HBIO's pullback has also been on very low volume compared to the advances. I would give it a little while to digest the advance of a month ago before deciding whether to add or sell. At this point it's a "strong hold".
Mike asked about GIGM and HBIO, but the one I was holding that has been making me nervous is MTEX.
I established a position at $7.30 just before it dropped some more, and more than doubled my position at $5.71. It bounced, but not on much volume, and there's been very little interest since then.
I sold all my MTEX today for $6.06, for a 17% loss on the original position and a 6% gain on the second buy.
Hey Stenz quick question
own both of these stocks, obviously one just made a run i am in around 4(qvdx), gigm i believe is also about to take off. Got a little extra money on the side but will only be adding to one of these postions. what you think i should add to? can see great potential in both stocks. just bought some jan06 calls for utsi, what a great company unbelievable unfair market valuation, seems to be artificially held down, cant explain it but two years from now the kinks will be worked out, and i will look back with a big smile well back to the question at hand you think gigm or qvdx??
thanks for your opion in advance
tjk
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