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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SNHY Sold ==> 72 consecutive winners for $$$MR. MARKET$$$
SNHY hit a bottom of $21.7 today because it missed earnings estimates by $0.01! I think that it is undervalued right now compared to its growth rate. Go SNHY.
I think this stock will start its steady climb back up within the next couple of weeks, if not sooner.
Happy investing,
Dave
My opinion is worth no more than the price you paid for me to give it.
Calling Spike! Calling Spike!
Channel long (drawing it from Feb 28 low) on SNHY? Also see breakout of intraday cup at 22? Do you bite or pass?
BJ,
I am going to throw this chart up so that Spike can corrrect it. Perhaps I can learn something. So here's what I see:
Channel long on both the daily for the last six days, as well as from the Feb 28 low. If you have guts, you buy it, set the stop under the low of the day, and hang on. It might work because SNHY has just murdered investors the last two days. Look at those two long, red volume sticks standing side by side. Haven't seen that on a SNHY chart before. That might mean the party is over for a couple of weeks--or months. And yet I see that as a positive for this stock. Maybe the selling is over. More likely not.
If it were me, I want to see a double bottom come along. Or at least, some kind of signal that I am not cathing a falling knife.
But remember: this is just me talking. I want to hear what Spike says.
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