PotY Contest Standings As of Market Close, Oct 21, 2022
Whoops, I think I missed last week’s update and didn’t even realize it. Sorry about that. Please forgive me, but at my age I’m lucky if I can remember where I live. Hmmm … I’m not even sure I am typing this in my home. Maybe that’s why the weird stranger next to me on the sofa is staring so intently. OK, back to the PotY contest. Over the last two weeks there, there was a little upward movement in the Dow, but the NASDAQ and S&P stayed in a sideways consolidation after a big dip. The result was a shakeup at the top of the PotY standing. BillyJoe’s UTHR remains our leader and the only pick in the green. In second place is Massimo’s IPA, which had a very strong performance last week. In third is Mr. Market’s TLPPF, which has been on a wild ride and whose chart looks like a sine wave. Congrats to our new leaders.
As for where we go from here, all three indices seems to be breaking out of their regression channels on the daily charts, but on the weekly charts the indices still look bearish. Personally, I am still skeptical about a sustained market move up because of the current economic situation. For example, while I was paying for my $7 per gallon gas and munching out of a $6 bad of Cheetos, I heard someone on radio saying that the annual deficit is going to be in excess of $1.4 trillion this year. That means the fed will be printing more money and lots of bonds will need to be sold. With interest rates rising, the cost of servicing those bonds is going to be a major drain on the federal budget in the future. This will further increase future deficits and on and on it goes. So excuse me for being skeptical, but I don’t think the bear is ready to go into hibernation just yet. We’ll see.
BillyJoe UTHR Long 2/1/2022 $201.87 $ 219.30
8.63% Massimo IPA Long 2/1/2022 $6.18 $ 5.63
-8.90% Dow DIA Long 2/1/2022 $351.08 $ 310.88
-11.45% Mr. Market TLPPF Long 2/1/2022 $4.90 $ 4.30
-12.24% Antioch’s Dad AAPL Long 5/25/2022 $140.81 $ 147.27 20.00% -12.84% S&P SPY Long 2/1/2022 $449.91 $ 374.29
-16.81% Antioch GRBK Long 5/25/2022 $21.93 $ 20.36 20.00% -22.63% Jiesen QDEL Long 2/1/2022 $103.36 $ 78.75
-23.81% NASDAQ QQQ Long 2/1/2022 $363.05 $ 275.42
-24.14% Minni17 OGN Long 2/1/2022 $31.91 $ 23.68
-25.79% JohnHenry RBLX Long 2/1/2022 $65.86 $ 42.81
-35.00% BlueWolf DOCN Long 2/1/2022 $57.34 $ 36.48
-36.38% Blind Squirrel HZO Long 2/1/2022 $47.06 $ 28.13
-40.23% Louetta GBTC Long 2/1/2022 $26.24 $ 11.42
-56.48% Tiedyed1 AUPH Long 2/1/2022 $16.66 $ 7.10
-57.38% Vixtt’s SFT Long 2/1/2022 $2.29 $ 0.49
-78.82% Peanuts OZON* Long 2/1/2022 $20.67 $ 0.00
-100.00%
I have 17 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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Originally Posted by jiesen
