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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We have a winner and I think you'll be surprised. First , some stats. Of the 24 stocks picked in the 5 different portfolios, only 4 advanced for the week, 20 declined. Runner had 3 of the advancing stocks:AACE, AUO, and EIX. RL had the other one, BBW. Unfortunately, Runner and RL also had the biggest losers in AUGT and TZOO.
And the winner is, the sage of South Dakota, Scifos, who managed to retain 98.06% of his money or $9806. I'd have been happy to get away with 98% this week.
2nd Runner $9770
Thanks to these brave contestants who are the first contestants in the "Portfolio of the Week" . Lets try to get 5 new vict I mean contestants for next week. Send in your entries by Sunday night. The first 5 are in the running.
billyjoe
Billyjoe, great thread. I’m looking forward to the next contestants picks. We all know it was ugly, but not bad considering the undertone of the market. My initial scans are not very promising for next week!
I feel so, humble. Its just really been my day. I just got back from a poker tourney where I finished first, with my good friend Leondard second. And now this. I don't like to brag much.
Picks for next week: (I thought maybe the reigning champ could defend his crown)
First, I predict the down market to continue.
If I'm allowed to short stocks: CRA, DAL, and CRGN
If I must be long: WZEN and TRA
RL and Scifos,
Lets see if we get other new contestants. I'm sure we'll run out eventually and everyone will get multiple chances. Scifos, I like the idea of you defending your title. Nobody has ever won two stock picking contests on Mr.Markets site as far as I know.
billyjoe
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