Swing trading Mr.Market's latest Top Five Picks

[Websman]

Spike,
OFG has got slaughtered over the past week or two!

I would still like to get a Vulcans revenge on this one, but it isn't looking too good...

[spikefader]

Spring Break Top 5 here http://www.mrmarketishuge.com/forum/...60&postcount=1

The candidates are:

BMHC CMTL FORD HBP SEB

Alarms set for 50% retrace entries! Stay tuned

[spikefader]

Spike,
OFG has got slaughtered over the past week or two!

I would still like to get a Vulcans revenge on this one, but it isn't looking too good...

Hasn't it! Your revenge was on the short side, as posted here:

http://www.mrmarketishuge.com/forum/attachment.php?attachmentid=638&stc=1

Significant lower channel is at 21.30, so that is the time to look for a long.

[spikefader]

New Top 5 entry occurred today.

SEB: Long 1076.54 targeting 1238.02.

OPEN POSITIONS:

ARLP - retarget to 77.75 or 5.97% profit.
NGPS - retarget to 29.97 or -10.5% loss
FRD - retaget to 10.79 or -13.68% loss
IIG - retarget to 15.64 or -13.78% loss
CWTR - retarget to 20.05 or 1.53% profit
SEB - Long today 1076.54 targeting 1238.02 or 15% profit

[casinoboy3]

Hey Spike,
Any thoughts on a good entry point for CMTL, MM's last pick?
Thanks.

[spikefader]

Hey Spike,
Any thoughts on a good entry point for CMTL, MM's last pick?
Thanks.

I've got alarms in place for 41.80 for the system long, but that'll likely change with price hitting new highs today. I'll move it according to what the top is.

As far as suggestions aside from the system in this thread, the daily channel turn up yesterday green lighted a long at the closing price yesterday; 50.57, and that would have you smiling today. You missed that bus. There's now a double top on intraday basis, so that justifies tightening any stop on an open position. If price were to come back to 50.57 I don't think I'd take it long. Bottom line, you've missed the ideal time today, but perhaps S1 or S2 over coming days....

[spikefader]

Further on CMTL:
There's been a 5 wave completion up after the ascending triangle break up. There is still plenty of room to the upper channel, but still no 'C' correction entry after the 5 waves. The channel turn up has been good so far, but honestly, I see a distinct possibility that it gets sold here at 52.00. It is forming what looks like a 2-day bull flag, but there is intraday double top, and if the bull pattern fails, it could have a hard and fast 'C' correction to maybe 48.00.

Now that C entry will be worth waiting for I think. Let's cross that bridge when it comes. For now, protect profit and capital if you're currently long. Let it prove it can beat 52.00. Smart people sell at resistance, which is where it is. Then be a smart buyer down the road.

[casinoboy3]

Thanks, Spike. I'll wait to see if it drops before I obtain a position in CMTL.

[spikefader]

HBP system entry today at 10.44. 15% target is 12.00.

[casinoboy3]

Further on CMTL:
There's been a 5 wave completion up after the ascending triangle break up. There is still plenty of room to the upper channel, but still no 'C' correction entry after the 5 waves. The channel turn up has been good so far, but honestly, I see a distinct possibility that it gets sold here at 52.00. It is forming what looks like a 2-day bull flag, but there is intraday double top, and if the bull pattern fails, it could have a hard and fast 'C' correction to maybe 48.00.

Now that C entry will be worth waiting for I think. Let's cross that bridge when it comes. For now, protect profit and capital if you're currently long. Let it prove it can beat 52.00. Smart people sell at resistance, which is where it is. Then be a smart buyer down the road.

May have been to early, but I'm in today around $50. Guess we'll see what happens from here.

[spikefader]

Gotta love taking system profits!

Another system target hit today; and the full 15% too
SEB system long posted here has cruised to it's target without any trouble at all. Long 1076.54 closed today at 1238 +15%

And for people saying, SEB is way too expensive to buy shares; consider this: it's the same % profit as any other stock. PLUS you benefit from the low commissions for the lower number of shares you need to buy if you use a broker like IB.

SYSTEM TOTAL TO DATE: Total system profit 124% in 14 trades.
Average is 8.86% per trade.

OPEN POSITIONS:
ARLP - retarget to 77.75 or 5.97% profit.
NGPS - retarget to 29.97 or -10.5% loss
FRD - retaget to 10.79 or -13.68% loss
IIG - retarget to 15.64 or -13.78% loss
CWTR - retarget to 20.05 or 1.53% profit

[spikefader]

May have been to early, but I'm in today around $50. Guess we'll see what happens from here.

split adjusted, you're entry was/is about 33?? I see price falling the last couple days. Alarm in place for 29.20 for the system.

[spikefader]

FORD system long today at 12.20. Target is 14.03.

[spikefader]

.....
SYSTEM TOTAL TO DATE: Total system profit 124% in 14 trades.
Average is 8.86% per trade......

And for those interested in how the system has performed relative to the market since December 2004, here are the figures:
S&P500: -2%
This system +8.86% (soon to be 9.2% if FORD can manage another 2% up move in the next few days)

Maybe we should patent this and sell it as a subscription service Ernie!

[casinoboy3]

split adjusted, you're entry was/is about 33?? I see price falling the last couple days. Alarm in place for 29.20 for the system.

Yup, $33.66 to be exact. ARLP and CME are what's killing me though, both down about 20% from where I bought.