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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Lye, I'll track this limit order if you like. I see there's a late print up there since NB's post that I don't think qualifies as an entry. And actually, by doing market orders at the time of post would avoid any question of whether a late print is in fact a fill. Anyway NB, do you see what I mean about that late print?
Lye, I'll track this limit order if you like. I see there's a late print up there since NB's post that I don't think qualifies as an entry. And actually, by doing market orders at the time of post would avoid any question of whether a late print is in fact a fill. Anyway NB, do you see what I mean about that late print?
That's cool Spike..... Being a test week, we'll see how it works out dude. Good to see NB-Baby playin too ain't it?
OK I'll use this post to enter my pick.... ECOL (long).... it just hit my retracement target.
I noticed several under $10 stocks on the list and checked their daily dollar volume. My method was (I used finance.yahoo.com):
1. Check the three month average daily volume
2. Check the lowest price over the last three months
3. Use these two numbers to compute a "daily dollar volume"
A possible objection could be that the price in the last three months has appreciated noticeably, but this rather proves the point than undermines it. For the sub-$10 stocks on the list, this means:
It is my personal opinion that these stocks are more in the nature of happy-go-lucky stocks than that they are serious picks. I could be mistaken. But I think that stocks like these need a good fundamental story to be acceptable, if you want to give them a chance at all.
BTW: someone countered an argument against very volatile stocks by stating that the risk of loosing big was also present, so for the competition things would cancel out. But again, this was precisely the point of the objection: we want to win by picking stocks smartly, not by just raising the stakes. I might add that with very volatile stocks the "random walk" effect just kicks in stronger, so it might seem that some stock picker is really very good, while in reality that person has just scored a lucky break.
I wish everyone a lucky break, but I don't think that this is what Lye intended with this competition.
Regards,
Karel
Last edited by Karel; 01-04-2006, 04:58 AM.
Reason: added this
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Different tune: last week CMCO opened way up over the previous close, causing me a loss in the POTW and a gain in my own portfolio. Now it opened way down, so I am looking at a loss in my real money portfolio and am in the green in the POTW. So things just cancel out
And the POTW didn't do very well, really: up .6% on a day the markets really roared... I mean: was there an index that scored less than 1%?
Regards,
Karel
My Investopedia portfolio
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