Portfolio of the Week

[IIC]

I'll be honest, GPIC is part of my MOMO watchlist, but the current price does not impress me. I see a 1+ year C&H pattern developing, but the handle needs to be put on this bad boy. I really like the future prospects of the company.

Hadn't looked at the longer term pattern Peanuts...But now that you mention it I can see CwH's on a monthly and weekly chart...They are not classic patterns but they do qualify...nice eye...Doug(IIC)

PS...didn't run my CwH scan...Let me do that and see if anything pops up...if so, I'll post the charts on my thread.

[spikefader]

Thanks all. And congrats IIC for a great performance and for the spirit of good competition. Bad luck peanuts for dropping outa the race. And grats billyjoe! Another solid performance.

On the averages, grats to all with positive averages. The Top 6 has a YTD average of 1.22% each per week, which when you think about performance of the broader market is HUUUGE. Gatorman's 1.7% on the average each week is amazing ain't it?! Congrats dude, keep up the great work. I remember back in Feb you picked FTEK and I did a chart for it here in the old scientific thread. Well since then I see it had a fine bullish move from your buy level of around 10.50 to a high of 18.00 (+71%) in the space of 8 weeks. That was a great call, and it's picks like that one that has left us all in your dust.

I really should go through my whole thread one day and pick out all the fine stock picks brought to that thread by other forum members. Shoot, someone should go through THIS thread and find all the fantastic calls by others; there's gotta be a bunch of excellent calls. I recall their were some people who commented that this thread had little real value but I couldn't disagree more and such a review would confirm the view that this thread is one of the strongest assets of this forum. Not only is it great for commeraderie but some really quality picks end up on the pages. I think the numbers aren't supportive of that observation on an average basis simply because one of the most important elements of successful trading (I believe) isn't followed; i.e limiting the downside risk for the losers. I bet if a max drawdown rule was applied, and all the picks run through that model, the numbers would rock. Let's face it....the true gems that come to this table don't endure drawdowns of very much...they usually take off for immediate green and don't look back. And the true strength of those type of winners doesn't have a chance to show itself relative to the averages of all participants and the overall POTW averages when the massive losers are allowed to run blood into the street. And when you add the penalty rule to the equation it only gets worse.

Anyway, I think this thread rocks, and does have real life value, and kudos to billyjoe for starting the thread, and Lye and Rob for making it what it is today. And kudos to all people who throw their hat into the ring to compete. It shows character to open oneself up to public accountability and allows us to come together in sporting competitive spirit and produce something worth a value far greater than what the averages might reflect.

Good luck next week all.

[Websman]

I'm not sure that I'll have time to make a pick tonight.

I'll take $$$CASH$$$

[mimo_100]

ININ long

I'll take ININ long Rob.

Thanks

[jiesen]

$$CASH$$ for me please!

[IIC]

At this point I am going to start in cash...Doug(IIC)

[New-born baby]

Robert!

Rob,
Long FAL.
---billyjoe

Okay, stealing a MM pick? That's okay buy me . . . .

ROB,
BillyJoe's pick made me think:why wouldn't MM take AXR long this week? If I read this thread correctly, his pick is NUTR or something along those lines.

[jiesen]

Okay, stealing a MM pick? That's okay buy me . . . .

ROB,
BillyJoe's pick made me think:why wouldn't MM take AXR long this week? If I read this thread correctly, his pick is NUTR or something along those lines.

I agree. AXR makes a lot more sense as the Q-E pick than NUTR does at this point. NUTR does seem to be a good value here (but what do I know?), however, it's lacking in the mo-mo category right now.

[billyjoe]

New-born,
We are here to share information. FAL came from the dump as one of 200 or so stocks. I picked it before it made the top 5. See reply #26 Independence Day Dump.
--------billyjoe

[scifos]

QQQQ short

[IIC]

QQQQ short

C'mon Banana Boy...You can come up w/ a more exciting pick than that...I realize you are still on your Honeymoon...But I'll bet the new Mrs. Scifos could come up w/ something more volatile...Take my wife...She listens to Cramer on the radio almost everyday...She's been begging me to give her the password to her account for almost 10 years...LOL

[dmk112]

I'm back in the game... vacation was nice but now back to the real world

I'm taking CRDN long.

[Rob]

. . . why wouldn't MM take AXR long this week? If I read this thread correctly, his pick is NUTR or something along those lines.

For one thing, $$$Mr. Market$$$ is going to sell AXR when it hits 57.45, and the moment Ernie sells sells a particular stock, then Quasi-Ernie sells too. Now AXR closed Friday at 53.27, and 57.45 is less than 8% away. The Q likes to let them run if they're going to run. Also, the Q thinks NUTR has less downside risk at this point.

[Rob]

I see a 1+ year C&H pattern developing, but the handle needs to be put on this bad boy. I really like the future prospects of the company.

The Q also sees a huge cup & handle formation with NUTR starting in Dec. '04.

[The Photon]

potw

PMTI for me this week... good luck to all -