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'll take CMCO long. It is in the Mechanical Fund (up) and in my own portfolio (down). What happened to SNDK made me think: the stocks I pick should perform well for more weeks than one. At least, that is the idea. Chasing a new stock every week is not my game. So, Lye, I will be holding CMCO for the POTW until further notice, if that is acceptable to you. Of course it will be 'bought' every week new at the open to determine its score for the POTW.
Regards,
Karel
Karel, you and I have a similar method going. Since we have switched around the game from a weekly volatility contest to a more long-term average gain strategy, I'm sticking with my AMLN until I see a reason for switching... and AMLN still has a lot of rocket fuel left, imo.
SKI, I like that action but this thing is right on the resistance (other side of the cup) and it will likely pullback some. Have you had good luck buying cwh's before they breakout?
DMK,
I think it has formed a small handle and over last week it has been banging at the resistance door a bit. It has tracked over $30 a couple of times this past week. Early in the week it ran up to $30.45 range but fell back to $29.48 or so that day and then I bought it at $29.70. I'm attributing it's falling back to people that have been in for awhile selling into strength and getting shaken out. Yes I have had luck with getting in early but my 7% stop is at $27.62 an I don't think it will drop to that point. There is a gap up that it could fill at around $28 which is feasible but the other indicators aren't pointing to it dropping back that low from here. We can only wait and watch to see what transpires this week. I have a full position (1000 shares) in it and like it from this point.
I'm going with "X" long. It broke at the end of november from a multi-month base and now is pulling back. It is a metal stock so no matter if the dow crashes it can still rock.
Like the Chart and and Fundamentals Look good .......LYE my Good Man put me in for AQNT! Lye question?........ I have read and seen the Hype for the picture Broke Back Mountain......Tell me it ain't so........ shatters my faith in cowboys......LOL
Like the Chart and and Fundamentals Look good .......LYE my Good Man put me in for AQNT! Lye question?........ I have read and seen the Hype for the picture Broke Back Mountain......Tell me it ain't so........ shatters my faith in cowboys......LOL
Hey Peter! Man I love that chart. Awesome. I think it's the chart to beat from the ones I've seen thus far. I'll be stalking AQNT in the weeks ahead.
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