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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New-born baby, thank you for your kind words. I’ll try to contribute to the best I know how. I won’t put potential entry targets because I feel that is up to the individual trader. I hope to at lest offer some stocks that may be gearing up for a move.
Great thread you have here Runner! I like your analysis.
MGM looks flatter than a pancake. If this one breakouts, it should be a good one.
MGM is not going anywhere...I appreciate Runner's efforts here too...In fact, I have known him for a while from other places and he is a very good student of the market...especially from a technical perspective...But buyouts after the fact often create flat bases that will never take off again...IIC
"Trade What Is Happening...Not What You Think Is Gonna Happen"
Webs, I agree with IIC’s take on MGM. I had my parameters to tight when performing that scan. I did notice this after posting the stocks mentioned. I’m not following MGM as it may be dead in the water right now, but anything that is placed in motion will change. I’ve decreased the days for my scan and adjusted the percent of the range. Some of my other scans have produced a pretty good return this week. I’ll update next weeks list this weekend. I have been seeing a trend-taking place with some of the lower volume stocks. Most of these are unknown to the street. Next Years winners are in the gates right now. I wish I had the foresight to have kept NGPS when it was trading under 100k shares. Talk about a winner… Maybe the key with the under 100k club is the forward earnings and or future growth?
POG === Is a stock that I"ve held for quit sometime now an is at 99% profit for me a the present time. It also is on the buy out block buy Noble. Reading the comments presented here on MGM, makes me want to go ahead and sell my position. I shall take the words of one of my leaders and put then into effect today. I shall not be a dick and wait for that last tick, even tho it well increase my string of good fortune of 100% gainers. ===> M.E.A.
WOW now that is awesome my friend 99% gain. Regarding MGM I personally think any cash tied up in that stock might perform better somewhere else. I have seen buy outs that run flat for a good long time. I can’t remember any right now off the top of my head. I guess it boils down too your goals, entry point and if you think it may take off again. Keep in mind my time frame is from a swing traders perspective.
The trend strength on the Nasdaq has been dropping for some time. Notice on your chart how the nas has still been climbing, this small chart tells me to be careful with taking on long positions!
The trend strength on the Nasdaq has been dropping for some time. Notice on your chart how the nas has still been climbing, this small chart tells me to be careful with taking on long positions!
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