Skiracer's stock slopes
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Ski,
I'm thinking of doing an experiment with the next Mr.Market top 5. I'll buy the one's that fit my requirements. Buy full positions in the #1 pick and 1/2 positions in any of the others I choose. Since Mr.Markets picks are often volatile, put a 10% stop on all. My question , When one or more picks get stopped then reverse as is common with The Huge One , at what point do I buy back in ? If this is played right , much more than 15% should be made from each top 5. Three out of 5 hitting 15% has happened many times.
-----------billyjoe
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Interesting idea. I'm just leaving the trailer for a meeting with a fishing pole and the surf down at the beach. It's a great tide and raining in sheets right out of the east north east. They're catching stripers on this tide and I wanted to get an hour of plugging in before I go home. I didn't want you to think I wasn't responding. I'll get back to you a little later on. Wish me luck. I feel like I got one coming to me today. Talk to you later.Originally posted by billyjoe View PostSki,
I'm thinking of doing an experiment with the next Mr.Market top 5. I'll buy the one's that fit my requirements. Buy full positions in the #1 pick and 1/2 positions in any of the others I choose. Since Mr.Markets picks are often volatile, put a 10% stop on all. My question , When one or more picks get stopped then reverse as is common with The Huge One , at what point do I buy back in ? If this is played right , much more than 15% should be made from each top 5. Three out of 5 hitting 15% has happened many times.
-----------billyjoeTHE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR
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Not much happening with this list today. Entered KLIC, LIOX, and ECOL. Looking at ACLS a little more closely. I'm expecting some consolidation and a pullback over the next day or two. It's had a great run up making the right side of it's cup. Needs that handle right here. I'll wait it out a bit to see what it does over the next day or two. Would like to make an entry at 6.95 to 7.05 range. There's plenty of room for a pullback.

THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR
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Billyjoe,Originally posted by billyjoe View PostSki,
I'm thinking of doing an experiment with the next Mr.Market top 5. I'll buy the one's that fit my requirements. Buy full positions in the #1 pick and 1/2 positions in any of the others I choose. Since Mr.Markets picks are often volatile, put a 10% stop on all. My question , When one or more picks get stopped then reverse as is common with The Huge One , at what point do I buy back in ? If this is played right , much more than 15% should be made from each top 5. Three out of 5 hitting 15% has happened many times.
-----------billyjoe
Doesn't Spike still do a "creme of the crop" filter with the top 5 choices out of Ernie's list. Some of Ernie's picks are bought at peaks where if he would have waited a few days he would have gotten in at a much better price and probably could have made more on them. As an example take a look at FMD's daily and weekly charts. BTW, no fish just a cold drenching from the driving rain and pounding surf.

THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR
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Originally posted by mrmarket View PostSki..did you catch any stripers?
Knowing Ski...He probably caught some strippers"Trade What Is Happening...Not What You Think Is Gonna Happen"
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No I didn't. The rain was coming down in sheets but they have been starting to get a few on the outgoing tide over the last couple of days and I wanted to give it a try for an hour or so. Put my waders and foul weather hood on and gave it a try for an hour or so but nothing. There were several other guys plugging in the surf but no one had anything. The rain and surf was pounding pretty good and I was thinking that it would stir up the bottom which is good to work up the clams which they like.Originally posted by mrmarket View PostSki..did you catch any stripers?
Ernie, do you live in Princeton, NJ? You should take a ride down to Seaside Heights sometime and try it out with me. I've got everything you would need so all you would have to do is drive down.THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR
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