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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Dakat and Jim, won't you guys please come back to the POTW? You are both HUGE!!! It'd be a shame to see two of the top four fade away into the sunset... Plus, Karel needs you for his POTW+ portfolio.
And Pete, I'm going to have to start buying your picks, dude. 74% gain in a quarter is enough to make anyone HUGE beyond belief.
Mad props also to DMK, Doug, Photon, Ski and Spike, who all outpicked me. I accidentally ranked today's results by %Gain instead of %Gain/#Weeks (Special K) but the only difference is Doug got put ahead of Ski and Photon. In light of Doug's perfect POTW attendance, however, I'm letting this one stand.
Well...Thank you J...I still have no idea how you figure it...I must confess that I never really read your explanation...Just let me know at the end of the year if won or not...Doug(IIC)
"Trade What Is Happening...Not What You Think Is Gonna Happen"
Changed my mind...Had a 3 hr session w/ a local trading buddy today and now I have decided to take a SHOTat an
IIC Top 10 Under $10 Fave...SWB long at the open on Tuesday...
"Trade What Is Happening...Not What You Think Is Gonna Happen"
Jack, you are permitted to do that, but I must admonish you that under the carved-in-stone rule you will not be able to change this position under any circumstances. If, for example, you know before the news is out that a company with a $100 million market cap is going to be awarded a contract worth billions, your hands will be tied. If oil suddenly drops to $40 a barrel, the fed says "no more rate increases," Osama bin Laden is captured, Kim Jong Il is overthrown, Fidel Castro dies, and the premarket Dow futures jump to +200 all in the same day, you will be unable to enter a pick. I will be cold, hard-nosed, and heartless in holding you to this rule, assuming I am still attending to the scorekeeping duties at the time.
Secondly, when you say "until July 3," (which is a Monday) I interpret that to include the week of July 3rd, so you will be unable to enter your next pick until the week starting Monday, July 10.
I'll go ahead and assume this to be the case. If you would like to make any change to this, you must do so prior to the close of the first trading day of the week, which this week is Tuesday. 4:00 pm Tuesday will be too late.
This might be a good time to explain a new feature I'm going to use while keeping the score. Maybe some of you have already seen it. It's one particualr post on this thread (#6160) called "Positions for the Week." My intention is to continuously update that one post with the positions currently held, and to use that same post week after week, for as long as my temporary stint at keeping the score lasts. For convenience I have included a link to that post in my "signature" that appears at the bottom of my posts; however, you might want to save a link to it in your "favorites" folder, or some other place where you can conveniently access it.
I have so many ways to pick stox...What is the Best Way???...I recommend looking for the strongest stocks in the Strongest groups...Forget IBD Group ratings though...Except for the daily groups their ratings go back too far...I like to look at the strongest groups in the last week or two.
Another fave is looking for stocks that are w/i 5% of a new high...Look for a vol. move up as it approaches the n/h.
But both of those are short term strategies.
Longer term...I ike current EPS and projections...Then I look for the chart pattern...IIC
"Trade What Is Happening...Not What You Think Is Gonna Happen"
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