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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yeah, I know, but I can't help feeling like such a moron for being so sure about this stock being a good value. It's giving me a good lesson, to be sure. I'm glad I didn't add more at 18, but I did make 3 purchases of PRX over the past few years, at 72, 60 and doubling up at 40. So although the $5 drop smarts, I'd already lost most of the money earlier on, and am down to about a 1% position in it now. So at least my diversification is working for me here, but had I sold my AMLN last week to put it into PRX, I'd really be hating it right now. Actually what hurts worse than PRX is my recent accumulation of MFLX, which is also down $5+ today. I'm losing twice as much there, since my MFLX position is currently about 3%. Seems whatever $$MM stock I get excited about enough to add to (above my typical position size of 2%) heads straight for the gutter. I must be an easy sucker for value traps, and will have to adjust my analysis process accordingly. Gotta remember that old Murphy's Law!
Murphy was an OPTIMIST!!!...IIC
"Trade What Is Happening...Not What You Think Is Gonna Happen"
AHHH What HAPPEN!!!!
SELL! SELL! SELL! ARRS Rob please and buy LVS. I don't know if it will do any good but I'm hoping to reduce my lost by one percent. HA Thanks
Hey Sticky. Here's a little TA that you should burn into your memory. Remember the head n shoulders top and sell at the KOD to target the height of the head measured from the neckline break down.
Oh and LVS is a very good long in my opinion. I was thinking about taking it long tomorrow actually. Not only is it the strongest in PSP#11 (IIC 100 filtered parabolic) but other TA is very bullish for it too, like the bollinger band action, candles closing above the bands on the daily, there's also a volume gap support that filled yesterday and it's owed a 5th, so good luck!
I'm sorry. My mistake... I suppose I should study human culture a little better.
Thank you. Allow me to tell you something about one particular human who goes by the name of Rob: he's very sensitive and highly reactionary to that kind of stuff—so much so that he would like to see it and all vestiges of it expunged from the thread. It wouldn't surprise me in the least to see Rob disappear from the thread as long as the offending article remains. Rob's funny that way.
Thank you. Allow me to tell you something about one particular human who goes by the name of Rob: he's very sensitive and highly reactionary to that kind of stuff—so much so that he would like to see it and all vestiges of it expunged from the thread. It wouldn't surprise me in the least to see Rob disappear from the thread as long as the offending article remains. Rob's funny that way.
Damn &(%$%...Hey Spike...you gonna hold to the close???? ...IIC
lol I dunno. I want to. I'm bullish on the market and Vector says discounts are buying opportunities.....got a pretty good entry so assuming the wheels don't fall off I probably will. Could finish impulsively since it's a .....................~whisper~ ............. fuzzy C jejeje
It's coming back to test price support and intraday S2....all aboard to risk 1.2% everyone!!! hehe reward/risk is 14.
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