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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As usual, it's very difficult to set a perfect limit order and catch the low of the day. I calculated $27.94 as the pivot point. I believe NGPS will make me a good profit in the long run.
I'm looking real hard at SYXI for a possible trade, but I need to check the charts first. I'll be off Wednesday, so I'll be watching for buying opportunities.
Webs,
I missed the forest for the trees the first time Cashmaker posted on this stock. Worse yet was the fact that once it started moving I sat and watched it go off without making any kind of a move. Now 8 points later it's got my attention.
Now that I've started watching it I like it alot and think that it will go to 30 an above.
It would have been nice to catch it at the low of the day around 27 instead of where you got in but I would just be patient with the position. I'm confident it will be over 30 in the near short term.
You're liable to see some more pullback tomorrow but that will pass. It ended on a nice note today and showed strength in bouncing back from it's intraday lows. Just be patient with it and you'll be over 30 in no time.
I'm kicking myself for procrastinating with the trade today and not getting in on it at it's lows. I'll be looking for an entry tomorrow after I see which way the wind is blowing around 10 am.
This thing should easily go over $30, and I think, $50. I think we are working on the right side of the cup, and that it will get there.
I have watched NGPS, and I noticed that there are about two different openings: if it gaps up, it is coming back down. If it moves down, it is going back up. It usually swings $1.50-$2 within any one day. Therefore, I think a safe entry for NGPS tomorrow would be around $27.50. Sometime during the day, it will be there. I look for it to finish up around $29 tomorrow. But it will sell down to around $27.50 for the patient.
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