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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ski,
I think you're right about HOM. What's not to like ? The future looks rosy, some traders took their nice profits, nothing to stop this one from going up. Why can't it be the next HANS ?
Coily is moiderin' us with Infosonic Corp. (IFO), surpassing Douggie, who played Dirty Harry's favorite company, Smith & Wesson (SWB) and somehow managed to sell at precisely the optimal minute this morning! Great timing, Mr. Fresh.
BoSox cast his lot this week with a penny stock with negative earnings, Covad Communications Group (DVW), and pulls into 3rd place with a pretty astounding 8.9%!
Congrats to all 10 players who wound up on the positive side today!
I'm happy to report that among the active players this week, there is an aggregate positive score of +0.19%! Always good to see!
Rob,
My trading partner, billysue, who is the brains of this outfit, says to get more aggressive, sh#@ or get off the pot . Although I may live to regret this, it probably will result in ruination or glory, but it's just a silly contest so sell ELN, go long LDSH. Don't ask me where I found this stock , a little bird told me.
ski,
I think you're right about HOM. What's not to like ? The future looks rosy, some traders took their nice profits, nothing to stop this one from going up. Why can't it be the next HANS ?
billyjoe
I hope I'm right about HOM over the course of the trade but I was off base this afternoon that's for sure. Not sure if it will become another HANS but they have alot going on down in Louisiania with the rebuilding and now with setting up thousands of new mobile homes for the displaced. Tomorrow is another day. This stock is a prime example of how I feel about trading. This stock was up to $14 within the last week or so and now it's down around $10To those who own it from $10/11 or lower wouldn't it have been better to sell off all of it or half of it to take some of those profits around $14 or so and to re-enter at this point after taking the gains. This happens all the time. I just can't see giving 4 points back while watching it consolidate or any position for that matter. I feel certain it will recoup but it sure would have been nice to take any gains off the table at $14 and to apply those gains to any re-entry around $10/10.50.
I was wondering what sell price you would give me Rob...I thought it was 7.58...But it works both ways...No Prob...IIC
The price one gets when he or she buys or sells is the opening price of the minute when the post is made. If there is no trade for that minute, it goes to the next reported trade.
The price one gets when he or she buys or sells is the opening price of the minute when the post is made. If there is no trade for that minute, it goes to the next reported trade.
Well...I think I remember you saying that before...Doesn't matter in my case...But I think you should use the closing price for the minute(which would not have helped me I don't think)...But lets just say you get some shark like me who watches news and one minute charts sometimes...Heck...I could theoretically make a killing on big news in 61-120 seconds...I think you should change it to the closing price for the minute unless it is at the open...Just my 3 cents...Doug
"Trade What Is Happening...Not What You Think Is Gonna Happen"
Heck...I could theoretically make a killing on big news in 61-120 seconds...
If taking the opening price on a given minute is an advantage or a disadvantage, then it is an advantage/disadvantage everyone shares equally, so the playing field is level. If someone can take the situation and make it work to their advantage, then more power to 'em.
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