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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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.
I would like to start the week with a short position in NGA.
Thank You
Doug, where's your green arrow?
edit: Rob, I was wondering what price I would get on this trade... According to Ameritrade, there were only trades at 10:01 and 10:06. At 10:01 it opened at 7.2 and closed at 7.09, then the next trade, at 10:06 opened at 7.18 and closed at 7.04.... so, I was wondering.... what price do I get? Thanks for clarifying.
Last edited by peanuts; 07-10-2006, 10:13 AM.
Reason: pricing question
Hide not your talents.
They for use were made.
What's a sundial in the shade?
- Benjamin Franklin
I was wondering what price I would get on this trade... According to Ameritrade, there were only trades at 10:01 and 10:06. At 10:01 it opened at 7.2 and closed at 7.09, then the next trade, at 10:06 opened at 7.18 and closed at 7.04.... so, I was wondering.... what price do I get? Thanks for clarifying.
When there is no trade during the minute on which you posted, the opening price you get is the next trade, whenever that occurs.
However, since you committed the sin of editing you pick post, you now get the price at the time of your latest edit (10:13) because it is the lower of the two and this is a short position. You would have had 7.18, but now you will have to settle for 7.08. You should never edit your pick post, as the timestamp is the ONLY proof of your entry point. (Think about it. It makes sense.) If this was a long position you would have gotten the higher of the two prices. You must not have been listening when this was discussed recently.
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