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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Way to go with the STLD short, SG! Golf claps both for Spike and Doug. I dunno if I can be so congratulatory on the 0.6% Lye has managed to eke out so far. Chuck Norris makes 0.6%taking apiss in the morning. Still a heckuva lot better than my -2.1% though...
This brings up a question. The rules to this contest, which, as far as I know, were written by Lyehopper, state that if someone wishes to short a stock, there must actually be shares available to short.
Does anyone have a simple method of determining whether there are shares of a given stock available to short? What is it?
Peanuts, I was unable to find any shortable shares of PFACP. Anybody?
Rob, I could not find any shares to short either, so I guess you can drop that trade. However, I would still like make a trade out of NSSC. Please sell that and now I will be long on GV. Thanks... I'll be sure to check whether a stock is shortable through TD-Ameritrade prior to trying that again.
Chuck Norris is bringing a lawsuit against NBC for the use of "Law and Order"... apparently, he has copyrighted those names for his right and left legs.
Hide not your talents.
They for use were made.
What's a sundial in the shade?
- Benjamin Franklin
Peanuts, I went ahead and gave you the 12:00 price on the NSSC sale. Here's why: I have to admit that I haven't been checking for availability on shares people short in this contest, mainly because I forgot about that rule. I was reminded of it the other morning when Websman retracted his short on MSO, stating that he couldn't find any available shares.
Since I very rarely short anything, I haven't much experience with it. The few times I've played anything short, there were plenty of shares available, and finding them wasn't a problem. This is why I posed the question earlier about a good method to determine whether shares are available. Unless there is an easy-to-use, unimpeachable method of doing this, I see no alternative but to disallow shorting in the contest altogether (as long as I'm the temporary scorekeeper anyway).
p.s. Billy Jack will walk through any crack alley in the U.S. at 2:00 a.m. without fear.
Peanuts, I went ahead and gave you the 12:00 price on the NSSC sale. Here's why: I have to admit that I haven't been checking for availability on shares people short in this contest, mainly because I forgot about that rule. I was reminded of it the other morning when Websman retracted his short on MSO, stating that he couldn't find any available shares.
Since I very rarely short anything, I haven't much experience with it. The few times I've played anything short, there were plenty of shares available, and finding them wasn't a problem. This is why I posed the question earlier about a good method to determine whether shares are available. Unless there is an easy-to-use, unimpeachable method of doing this, I see no alternative but to disallow shorting in the contest altogether (as long as I'm the temporary scorekeeper anyway).
p.s. Billy Jack will walk through any crack alley in the U.S. at 2:00 a.m. without fear.
you don't have to do that, Rob! you can modify the rules to suit your scorekeeping needs by either
1) allowing all short trades (only a very few really can't be shorted, and you know there are still hedge funds getting around this anyway)
2) setting other more easily verifiable criteria besides whether the shares are available, i.e. minimum average volume and/or latest short interest data, or avg days to cover.
just my suggestion, as there are undoubtedly better ways to do it.
Due to circumstances beyond my control the scorecard will be posted later than usual this evening. Until then, try to exercise a little self-control. I'll give you one clue though: The Stock Girl has fallen from her lofty position. Sorry, The Stock Girl, it's just a plain fact.
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