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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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  1. #21

    Default

    Make no mistake. OFG will hit my price target.
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    I am HUGE! Bring me your finest meats and cheeses.

    - $$$MR. MARKET$$$

  2. #22
    Join Date
    Mar 2004
    Location
    Baltimore
    Posts
    265

    Default

    FLIR announces 2-1 stock split. Hopefully, this will attract new investors, and the stock price will start to climb.
    Happy investing,
    Dave

    My opinion is worth no more than the price you paid for me to give it.

  3. #23
    Join Date
    Dec 2004
    Location
    Keystone Heights, Fla.
    Posts
    454

    Default

    Mr Market:
    Some of the stocks have been held for a fairly long time which shows a strong belief in your system. Do you have any triggers that cause you to exit a stock before your goal is reached of a 15% gain. For example: if the news event that helped convince you to enter a postion somehow reversed or changed to the point that you would have viewed it as a negative rather than a positive, would you exit your position?

  4. #24

    Default

    Quote Originally Posted by Gatorman
    Mr Market:
    Some of the stocks have been held for a fairly long time which shows a strong belief in your system. Do you have any triggers that cause you to exit a stock before your goal is reached of a 15% gain. For example: if the news event that helped convince you to enter a postion somehow reversed or changed to the point that you would have viewed it as a negative rather than a positive, would you exit your position?
    yes! If something fundamental happens to a company or its industry such that I no longer believe it will outperform the market, I will sell the stock even at below my target price.

    Please remember that I generally exclusively buy stocks in companies that have extraordinary revenue and earnings growth. What this means is that if its stock doesn't continue to appreciate in price, the company becomes a better and better value to own. Many in my string of 63 took this path, yet still outperformed the overall market by the time it was sold.
    =============================

    I am HUGE! Bring me your finest meats and cheeses.

    - $$$MR. MARKET$$$

  5. #25
    Join Date
    Dec 2004
    Posts
    188

    Default

    Quote Originally Posted by mrmarket
    yes! If something fundamental happens to a company or its industry such that I no longer believe it will outperform the market, I will sell the stock even at below my target price.
    How about BEL that appears on your list of open positions? It looks doomed to me, in which regard I would like to ask how your current losses balance with all gains (there seems to be no losses in the past due to not closing such positions)? What is larger taking into account the absolute amounts you invested in each stock? Please note that I'm not trying to reproach your system but rather trying to figure out the final return. If you don't mind, please show the absolutes (discounted by any factor, if you wish).
    Last edited by mooddude; 12-16-2004 at 08:39 PM.

  6. #26

    Default

    Quote Originally Posted by mooddude
    How about BEL that appears on your list of open positions? It looks doomed to me, in which regard I would like to ask how your current losses balance with all gains (there seems to be no losses in the past due to not closing such positions)? What is larger taking into account the absolute amounts you invested in each stock? Please note that I'm not trying to reproach your system but rather trying to figure out the final return. If you don't mind, please show the absolutes (discounted by any factor, if you wish).
    My overall returns over the last 14 years are well in excess of market averages. I am sure many of the readers on this forum who have followed me since the Prodigy, AOL and Yahoo days will confirm this fact for you.

    I am also fairly certain that BEL will outperform the market next year, therefore I see no reason to sell it. What makes you think it is "doomed"?

    What else do you need to know?
    =============================

    I am HUGE! Bring me your finest meats and cheeses.

    - $$$MR. MARKET$$$

  7. #27

    Default

    By the way, Mr. Mooddude, there have been many others before you asking the same kinds of questions. I am giving you the benefit of the doubt and assume your inquiries are sincere, and not being disruptive.

    All of those who preceded you have either been "converted" or they have disappeared. One of these gentlemen goes by the name of Karel (when I was over at the Motley Fool), who runs this Board. What does that fact tell you?

    I'll give you one guess. We're not here to lose money.
    =============================

    I am HUGE! Bring me your finest meats and cheeses.

    - $$$MR. MARKET$$$

  8. #28
    B.J Guest

    Default

    Hey Mr. Market. Newbie here. Thanks for creating this forum. Interesting stuff.

    I do agree that an 8% sell is a rather ridiculous criteria, especially if diversified with more than 3 stocks. But don't you think you'd do better if you threw in the towel on certain stocks at some point. The other user asked about BEL, which right now has a RS=1 and EPS=18 and wouldn't pass your current screens.

    My question is, have you ever considered adding a sell criteria to your model that would kick stocks out when EPS or RS deteriorated? Even if, as you mentioned, one of the stocks you were down in were to outperform the market, do you think it'd be better to sell, then pony up those proceeds on something that passes your current screens and has a chance of doing even better?

    Overall, it's a very interesting system. Stay in for as short-term as possible to avoid the hits is a sound strategy. I can't tell you how many 30% gains of mine have evaporated.

  9. #29

    Default

    Quote Originally Posted by B.J
    Hey Mr. Market. Newbie here. Thanks for creating this forum. Interesting stuff.

    I do agree that an 8% sell is a rather ridiculous criteria, especially if diversified with more than 3 stocks. But don't you think you'd do better if you threw in the towel on certain stocks at some point. The other user asked about BEL, which right now has a RS=1 and EPS=18 and wouldn't pass your current screens.

    My question is, have you ever considered adding a sell criteria to your model that would kick stocks out when EPS or RS deteriorated? Even if, as you mentioned, one of the stocks you were down in were to outperform the market, do you think it'd be better to sell, then pony up those proceeds on something that passes your current screens and has a chance of doing even better?

    Overall, it's a very interesting system. Stay in for as short-term as possible to avoid the hits is a sound strategy. I can't tell you how many 30% gains of mine have evaporated.
    Let's write down BEL's price today and that of the S&P 500....let's make a note to check them both on June 30, 2005 and see which one went up more.
    =============================

    I am HUGE! Bring me your finest meats and cheeses.

    - $$$MR. MARKET$$$

  10. #30
    B.J Guest

    Talking

    LOL! That won't be necessary.

    You don't need to defend BEL to me or anyone. Your record speaks for itself.

    Just asking for your insight, that's all. Basically I was just wondering if you ever tweak your system. I could give a rat's ass about BEL
    Last edited by B.J; 01-13-2005 at 05:01 PM.

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