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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NBB may be right.... $18-19 target?.... I'm out.....
Edit: It was stupid trading this thing long today anyway. A clear SHS with neckline break showing on the five day chart.... GEHL is toast for a while imo.
Runner, DXPE is doing great so far. Unfortunately, that 7.3% gap up at the open is going to hurt your score this week.
Yep that sucks, but looking on 15 min chart as long as that 38% fib holds I'll stay in it for now. If it drops much from here I'll close it out and once again admit bad call on entry. It is amazing how the market crashes several days with –100 points and everyone gets all bullish when it pops a few points..hhhaaa
As I said earlier, MickyMouse is the early leader ... and by quite a bit! Good one, Micky! Now you can buy that missing E from your name.
Scifos jumped in around lunchtime and picked up a pretty huge winner too, in PMTR! Awsome, Sci-dude!
BillyJoe's inkling about HOM worked out today! Of course that 5.26% gap up at the open helped out quite nicely!
The only other entry on the positive side today is one of our two new contestants, The Stock Girl, who jumped in 4 minutes under the wire and picked up 0.22% on a short sale.
The other new contestant today is StkyTreat, whom I think I will call "Sticky."
Dow 11,048.72, down 199.15 (1.77%)
Nasdaq 2,169.62, down 49.78 (2.24%)
S&P 500 1,265.29, down 22.93 (1.78%)
Last edited by Rob; 06-05-2006, 10:41 PM.
Reason: Fixed Doug's score
Being the honest guy that I am...I'd like to point out to Mr. Rob that I had posted IFO long at 6:59am PDT.
Now...that brings up a question...the opening price as indicated at AMEX.com is 34.50...When I posted it was somewhere in the mid 29's...But was it?
I did not buy it in real life...but all over the net I was reading about people who could not buy/sell because it did not actually open till 7:10am PDT on the Amex...it was only trading on alternate exchanges which many could not trade on...So what really was the opening price?...Anyway...just give me whatever it was at 6:59am PDT...but I do wonder about the above...thx...IIC
"Trade What Is Happening...Not What You Think Is Gonna Happen"
ROB: Please short the Stinking Dog Down. Oh, I mean, please short PARL for me. Thank you.
New-born, have I missed something? I didn't have you as having entered the contest this week. I just did a quick scan back over the messages posted since Friday, 4:00 p.m. and didn't find anything.
It's true, Micky is the HUGEST of the huge right now. However, of those who are in the top half today, the majority have made it there by holding onto their $$CASH$$.
I don't blame them. Today was a tough day to stomach entering the market short or long. Especially with the Fed taking yet another opportunity to rub in the fact that they'll just keep on raising the rates until it's evident that our economy is in a tailspin.
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