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 would pick ARLP because it is the only one that is not short term Overbought. It could be ready for a nice bounceback...Closed well today last 45 mins...IIC
"Trade What Is Happening...Not What You Think Is Gonna Happen"
I've been in MCRI for about about a week and a half, already up 20%. IF MrMarket puts his stamp on it then I'm riding it to 35%
However, since I already own this stock, and recently sold URBN (unfortunately pre earnings report) I have lots of cash sitting around and, since I don't ever double up, would like a different stock. Just to be different from the others who have posted, I'll say CME
MPX has a value of $34.01 and has a EPS rating of 92. I would wait for a pullback before I bought it though.
C'mon Webs!!! Who cares about the EPS 92? What does that mean? In my opinion...and it is only my opinion, the IBD EPS ranking # is 90% worthless...it is backward looking. However, if you are looking at long term buys it may make sense to look back and then...MORE importantly...look forward...JMO
I'm not gonna say that it is not worth watching...but a BIT overextended and forecasts, while good, will not meet the past blowouts IMO
"Trade What Is Happening...Not What You Think Is Gonna Happen"
C'mon Webs!!! Who cares about the EPS 92? What does that mean? In my opinion...and it is only my opinion, the IBD EPS ranking # is 90% worthless...it is backward looking. However, if you are looking at long term buys it may make sense to look back and then...MORE importantly...look forward...JMO
I'm not gonna say that it is not worth watching...but a BIT overextended and forecasts, while good, will not meet the past blowouts IMO
Actually, you're probably right about the EPS thing. I've only had IBD for a year now, but I'm starting to think it's not worth the paper it's printed on. That's why I'm here...to learn from more experienced traders like yourself and Mr Market. What you say makes sense. Thanks for the lesson!
Actually, you're probably right about the EPS thing. I've only had IBD for a year now, but I'm starting to think it's not worth the paper it's printed on. That's why I'm here...to learn from more experienced traders like yourself and Mr Market. What you say makes sense. Thanks for the lesson!
I re-read my post...I came off a little harsh...didn't really mean to...Sorry 'bout that.
I still take IBD print, although I rarely read it anymore. I cancelled eIBD. I use DGO but not as much as I used to...and I certainly don't use DGO info for my site. But I find it of some use.
Anyway, below is a copy of a post I made at Yahoo CSSP today...might be of some interest:
Why do people buy stocks? It is the expectation of future
performance. In the beginning, people bought shares in the
expectation that the company would earn enough to distribute profits to the shareholders in the form of dividends. Additionally, as profits increased, not only did dividends increase, but the share value increased because more people wanted to share in those dividends.
Nowadays, not nearly as many people are interested in dividends. As a matter of fact, for many years I purposely avoided stocks with dividends...although now I do buy some. And IMO, Canslim, while I don't think it says this anywhere "officially", leans towards stocks that are putting profits back into expansion, research and marketing.
"Past performance is indicative of future performance"...this is one of the Canslim theories and IMO holds some validity...but it is not absolute. There are numerous reasons that a company that had poor past performance, now has good future prospects; e.g. New products, New management(Operational, Financial, Marketing...), technology, change in consumer patterns, etc...
I post my Undiscovered Gems List...I know they are not Canslim
material when I post them...but IMO they are a useful tool in trying to identify potential turnarounds.
It might also be a good idea for Canslimmers to try to identify
potential future Canslim candidates. This takes some work and may
require some long term tracking. But it can payoff by helping you get in on the ground floor. When I was using fairly strict Canslim principles I felt pretty good when one I bought showed up in new America a month or two later. Many of these became big winners for me.
Well, I'm sort of rambling and I'm not trying to influence
anyone...just thought I'd throw a few things out...IIC
"Trade What Is Happening...Not What You Think Is Gonna Happen"
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