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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I decided to up my holdings in this stock today. I had only bought 8 shares when Mr. Market made his pick (which I bought at $224) and I picked up another 4 shares today at $189. I'm hoping that when the stock hits Mr. Market's target, my 4 shares will make me an exceptional profit. Has anyone else bought more shares?
On another topic, it looks like because of the amount of trades I do, the cost per transaction when down from $15 to $10. I know that's still a lot when its on the front end and back end, but since I'm trading with 401k money I don't have any taxes to pay (yet).
I rarely "average down" but I like the fact that CME continues to grow its earnings and revenues. I haven't found a competitor yet for this company with its scale and expertise so there is no reason to believe that its earnings will not continue to grow.
Ever wonder why they use the term "weak sellers"?
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I am HUGE! Bring me your finest meats and cheeses.
I rarely "average down" but I like the fact that CME continues to grow its earnings and revenues. I haven't found a competitor yet for this company with its scale and expertise so there is no reason to believe that its earnings will not continue to grow.
Ever wonder why they use the term "weak sellers"?
I agree completely. Thomson First Call threw a dart and said $1.69 per share. CME earned $1.64 per share, up from .$87 the prior year.
Geesh!!! It's amazing how much stock people will put into a dart throw versus actual results.
Disney (DIS) increased earnings by measley 5% --- CME almost doubled theirs. But Thomson had no expectations of Disney. Therefore, DIS goes up.
Thomson First Call should just SHUT UP! And some of these investors need to put their crack pipes back in their holsters.
Happy investing,
Dave
My opinion is worth no more than the price you paid for me to give it.
<<And some of these investors need to put their crack pipes back in their holsters.>>
Wow, your comment seems a little harsh ...especially if it was aimed at moi.
Alison<-------self proclaimed newbie with lots to learn
Alison,
I'm not sure why you would think I would be referring to you. You stated you bought additional shares. I think that's smart. If I can scrounge up more $$$, I'll buy more too. CME doubled their profit! That's a good thing.
My statement was directed to a collective group of weak sellers who would rather be disappointed (along with Thomson First Call) than read CME's income statement and realize that doubling profit is not a reason to run like a scalded dog. $$$Mr. Market$$$ referred to "weak sellers." Same here.
In my opinion, the only sound reason to sell would be a better opportunity elsewhere. It is doubtful the majority of weak sellers found a better opportunity.
On the other hand, if you work for Thomson, I apologize.
Happy investing,
Dave
My opinion is worth no more than the price you paid for me to give it.
My statement was directed to a collective group of weak sellers who would rather be disappointed (along with Thomson First Call) than read CME's income statement and realize that doubling profit is not a reason to run like a scalded dog.
One should consider that the higher earnings that were expected were built into the share price. By not meeting these expectations that had been a factor in the share price, the price dropped to reflect the fact that the expectations weren't met. Now, I will agree that a 10 or 11% drop or whatever it was was WAY to much. Espically considering that it barely missed and still posted amazing earnings. In general, I would expect any stock to drop when it misses expectations (i.e dissapoints at least some people who bought it expecting better results)
One should consider that the higher earnings that were expected were built into the share price. By not meeting these expectations that had been a factor in the share price, the price dropped to reflect the fact that the expectations weren't met. Now, I will agree that a 10 or 11% drop or whatever it was was WAY to much. Espically considering that it barely missed and still posted amazing earnings. In general, I would expect any stock to drop when it misses expectations (i.e dissapoints at least some people who bought it expecting better results)
You're correct -- it barely missed. It barely missed some made up number, but it made an almost 100% increase in earnings. It just amazes me that anyone could be "disappointed" by this.
Oh well. CME's earnings will be awesome next quarter too. Hopefully, next time, nobody will have any expectations, and it'll skyrocket. In the meantime, I'm trying to find some spare cash.
Regards.
Happy investing,
Dave
My opinion is worth no more than the price you paid for me to give it.
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