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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Brazil Gerdau sees higher iron ore prices in 2006
Wed Nov 23, 2005 02:22 PM ET
SAO PAULO, Brazil, Nov 23 (Reuters) - Iron ore prices are likely to rise again in 2006 as demand for the raw material continues to outstrip supply, Brazilian steelmaker Gerdau (GGB.N: Quote, Profile, Research) (GGBR4.SA: Quote, Profile, Research) said on Wednesday.
But Osvaldo Schirmer, Gerdau's chief financial officer, said the price rise would probably be "nothing similar" to the steep increase that steelmakers worldwide were forced to swallow in 2005.
Earlier this year Brazil's Companhia Vale do Rio Doce, or CVRD (VALE5.SA: Quote, Profile, Research) (RIO.N: Quote, Profile, Research) , the world's biggest supplier of iron ore, pushed through a 71.5 percent price increase, setting the stage for higher steel prices around the globe.
The remarks come as mining companies and steelmakers are about to begin annual price negotiations. Prices are ultimately set once the first major steelmaker signs a contract with one of the large ore companies, which typically then becomes the benchmark for the rest of the industry.
Several global steel companies have already been lobbying for a smaller price increase in 2006. But mining companies like CVRD argue that strong demand, especially from China's fast-growing economy, would justify another significant price increase next year.
Many analysts expect a price increase of between 10 percent and 20 percent next year.
Gerdau (GNA.N: Quote, Profile, Research) , which has operations in both South and North America, is the leading producer of long-rolled steel in the Americas. Based in southern Brazil, it also has units in Argentina, Canada, Chile, Colombia, Spain, the United States and Uruguay
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I am HUGE! Bring me your finest meats and cheeses.
Made my 15% in another in a series of Mr. Market winners. Was in at 39.05 and out at 45.10.Bought on 10/6. Total time in position,57 days. Now comes the hard part of deciding whether to wait for another pick or put the extra cash to work in the position I already hold in HOLX. Decisions, decisions, decisions....................................
I am still holding RIO myself. I have a sell trigger set that is getting very close. I have been pondering about HOLX once I hit my goal with RIO. I have not bought any at this point and I think it still looks good for entry. I know it really dosnt matter what the price of stock is, but where it going but I still look at the entry price and I like that it split and made it seem cheaper anyway. Maybe put my bid in a little low, or like you catch the next pick of Mr. Market and have more cash ready.
My thoughts are when in doubt do nothing... * today any way*
Is it my lack of experience or on Wensdays the market over all seem to be lower. Is there any truth to this?
I am still holding RIO myself. I have a sell trigger set that is getting very close. I have been pondering about HOLX once I hit my goal with RIO. I have not bought any at this point and I think it still looks good for entry. I know it really dosnt matter what the price of stock is, but where it going but I still look at the entry price and I like that it split and made it seem cheaper anyway. Maybe put my bid in a little low, or like you catch the next pick of Mr. Market and have more cash ready.
My thoughts are when in doubt do nothing... * today any way*
Is it my lack of experience or on Wensdays the market over all seem to be lower. Is there any truth to this?
Dena
Dena:
Right now, my HOLX is up 9.5% over my split adjusted entry point on 11/18. With a portion of my portfolio that I have dedicated to Mr Market, I have tried to keep with a goal of selling each stock at a 15% gain. I followed this rule with the last 6 stocks but am considering an increase in my HOLX position noting how it has moved upward but will remain constant with my sell formula.
I like your position of being cautious when undecided. It is impossible to "un-ring a bell" and there are always other opportunities available in other stocks on other days.
Imminent breakout in RIO. Nice build in last couple of days. Looking at a longer term chart shows a relatively predictable "scalloping" pattern (rounded dips downward followed by gains). RIO will soon be added to the list of $$MM$$'s kills. Cheers!
In!
Why?
Because the Random Walk Indicator had a nice overlap with the PSAR.
So, using that to justify the when to buy, of what appears to be a fundamentally "nice" company, I bought in.
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