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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And your score is proof that you held no unfair advantage because of the "price" of your pick....
11% is 11% is 11%.... requardless of the actual dollar amount a stock moves....
Yeah Lye, ain't it poetic that the market decided to weigh into the sub $5 debate today and grant the clear advantage to dmk's $70 stock ........ while my little $1 stock gets whacked.
And that's exactly how the market works; it's not the cost of the stock that's the advantage, but rather the ability to pick direction correctly.
Cheapies are a dual edged sword dudes, and any perception that they are an advantage over high priced stocks is an illusion. One must pick direction perfectly, which is what POTW entries are attempting to do.
But regardless of the debate, 100% kudos to dmk the last 2 days......his NYX has been a brilliant play and it's been pretty to watch. As has Quasi-Ernie's pick hehe
Well...Nobody noticed and I don't toot my own horn too often...Well, maybe I do???...But I think I did a damn good job calling the reversal of AIRM on my pick this morn...It was a classic move IMO...IIC
"Trade What Is Happening...Not What You Think Is Gonna Happen"
Well...Nobody noticed and I don't toot my own horn too often...Well, maybe I do???...But I think I did a damn good job calling the reversal of AIRM on my pick this morn...It was a classic move IMO...IIC
Huge call Doug!
NOW.... if you can do that Thursday and Friday?.... you might be "in this thing".lol
Yeah Lye, ain't it poetic that the market decided to weigh into the sub $5 debate today and grant the clear advantage to dmk's $70 stock ........ while my little $1 stock gets whacked.
And that's exactly how the market works; it's not the cost of the stock that's the advantage, but rather the ability to pick direction correctly.
Cheapies are a dual edged sword dudes, and any perception that they are an advantage over high priced stocks is an illusion. One must pick direction perfectly, which is what POTW entries are attempting to do.
But regardless of the debate, 100% kudos to dmk the last 2 days......his NYX has been a brilliant play and it's been pretty to watch. As has Quasi-Ernie's pick hehe
Yes spike, let us disregard the "debate" by all means. All that people seem to get from my arguments is that "low priced stocks have an advantage", and they translate that to "cheap stocks have an advantage over high priced stocks in the market". If that is how my arguments are interpreted, I had better stop right now, because I don't want to feed nonsense like that to this board, not even by association. But it is interesting to see that even completely statistics challenged people can still be very good stock pickers!
The (completely competition related) argument was not that low priced stocks perform better, but that a higher volatility is built into these stocks. Why is that relevant for the POTW? Well, mumble mumble mumble
Regards,
Karel
My Investopedia portfolio
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