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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Ok. I’ve been lagging. Here is my explanation (BTW, good idea Greb):
MANC: It had been a momentum stock up until its recent consolidation. Consolidation was at least average in length, and found support at the 50 DMA, always what you want to see. Sales and earnings growth long term has been not much to brag about, but it seems to be turning things around at this point. PE of 26 is at a discount relative to industry. They report on 3/9.
FORD: Like MANC, had momentum up until 3-4 weeks ago. Consolidation has been brief thus far, supported at about 6.50. Revenue and earnings growth really starting to accelerate. PE on par with industry, but growth and momo make it worth keeping, for a while, anyway. They report on 4/21.
DW: Just ask $$Mr. Market$$ Seriously, I did read the write up and was impressed. Looking at RV’s, seems like an industry which has taken a beating over the past year. Doesn’t make much sense, since old folks want to hit the road in retirement, so I cannot see things being down too long. Technically, it has been in a very long consolidation, making me think that it may take off even faster than MM’s target suggests, once it breaks through resistance to new highs. With solid EPS estimates over the next two years, and a PE discount relative to industry, it could well get 50% over the intermediate to long term.
My picks this time are all technical: CDV is a price/volume momentum, and modt is cup and handle, but not reach and pass pivot point yet for a real money buy.
I planned to pick EGY but it has been claimed. EGY is also a cup and handle formation, and fundmentally sound. But not reach the pivot yet for a buy.
Micky
"Coming together is a beginning, staying together is progress and working together is success"
Sold half my FORD just now at 8.64 (up 20% overall). Could go higher on momo, but I have no tea leaves.
Interesting comment about the market Billy Joe (market as a "hole"). Yesterday was probably my best day of the year, despite the bad market performance. I think every one of my stocks, save two, increased.
The week is 60% over. Here's the performance of our picks to date :
BJ
FORD +22.5%
MANC + 3.3
DW + .4
Jiesen
AGYS even
Grebnet
ISO -23.4%
EGY - 4.2
HURC +5.7
EFJI +10.0
M.Mouse
CDV -3.6%
MODT + .3
Billyjoe
OMM -4.7%
TOPT even
BEBE +2.4
IIG short +20.1
RL
FFIV -.4%
ZQK +5.0
TSRA - .9
OS -7.3
NSS -5.3
Scifos
HOC +3.2%
MUR -1.5
DHI -4.1
VAS +2.5
TSNU -5.6
BJ is in the lead with the great FORD pick and his other winners MANC and DW, but a lot can happen with this crazy market in two days. More tomorrow before noon est.
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