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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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  1. #21
    Join Date
    Sep 2003
    Posts
    5,015

    Default sold ~1% XING at 8.5

    I dumped my short term XING shares for a $0.3 profit- not what I had hoped for, but then again, not a loss either. I was holding it longer than I wanted to, and I saw a pop today and decided to take it off the table rather than watch it drift back to 8.2 again... I might revisit that trade again if/when that happens, but for now, I'm looking around for other stocks I'm not already so heavy into.

  2. #22
    Join Date
    Sep 2003
    Posts
    5,015

    Default

    Just bought ACRG for 2.90 (a <1% position) If it pops, I'll roll the proceeds into CME, if not, I'll hang on for awhile... I'm planning to get 20-30% out of this.
    Last edited by jiesen; 12-17-2004 at 04:58 PM. Reason: changed "hope" to "plan" (hope is not a strategy...)

  3. #23
    Join Date
    Sep 2003
    Posts
    5,015

    Default Xing

    I added to my XING position today (about 1% of port) at 7.7. I'm planning to get about 15% from here within a week or so, but will cut a loss at around 5% on these shares. I believe a base has to form here around 7.6 or 7.5 at the lowest, and any slight pop will bring it back up to 8.5.

  4. #24

    Default

    Quote Originally Posted by jiesen
    Just bought ACRG for 2.90 (a <1% position) If it pops, I'll roll the proceeds into CME, if not, I'll hang on for awhile... I'm planning to get 20-30% out of this.
    ACRG has a mind of its own, and it keeps going UP UP UP!!
    =============================

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

    - $$$MR. MARKET$$$

  5. #25
    Join Date
    Sep 2003
    Posts
    5,015

    Talking

    yep, I'm at 15% already on this, but I don't think I'll sell yet, as it's on quite a tear.... At some point I will though, and put it back into either CME or CMN. (probably CME)

  6. #26
    Join Date
    Sep 2003
    Posts
    5,015

    Default

    can't wait for ACRG to hit, so in the meantime, I threw the dice and picked up an option for MAR230 CME for $1 ($100 for the contract). It's like the market's giving 30:1 odds against $$MM hitting his target in 2 months. I'll take those odds! 184 is just too low of a price for me to not jump at the chance.

  7. #27

    Default

    Quote Originally Posted by jiesen
    can't wait for ACRG to hit, so in the meantime, I threw the dice and picked up an option for MAR230 CME for $1 ($100 for the contract). It's like the market's giving 30:1 odds against $$MM hitting his target in 2 months. I'll take those odds! 184 is just too low of a price for me to not jump at the chance.
    Even if it doesn't get to 230, the option itself will increase in value if this thing ever gets turned around.
    =============================

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

    - $$$MR. MARKET$$$

  8. #28
    Join Date
    Sep 2003
    Posts
    5,015

    Default

    no doubt. and if it's up just $10 from $230 by expiration, I'll be up 1000%. not a bad consolation prize...

    by the way, my 3.74 limit for ACRG was just hit. I sold about 70% and let my 30% profit ride for a double, or triple. I was going to put the proceeds into CME but now that I have the option contract already, I'll take some more time to think about it... maybe it's going into the next $$MM pick, or maybe I'll short GMSV (just kidding about that)

  9. #29
    Join Date
    Apr 2004
    Location
    Monroe, WI
    Posts
    6,091

    Default You've got GUTS!

    Quote Originally Posted by jiesen
    can't wait for ACRG to hit, so in the meantime, I threw the dice and picked up an option for MAR230 CME for $1 ($100 for the contract). It's like the market's giving 30:1 odds against $$MM hitting his target in 2 months. I'll take those odds! 184 is just too low of a price for me to not jump at the chance.
    Jiesen,

    You've got guts! I looked into CME and noticed its $190 per share with a little $ .26 dividend every quarter, and my stomach won't take it. That's better than GOOG, but, after all, its just a sheet of paper. But I have to admit it makes a nice $2-4 move everyday, and if I knew where this beast was headed, it would make a good daytrade.

  10. #30
    Join Date
    Sep 2003
    Posts
    5,015

    Default

    Thanks NBB, though I'll have to disagree with you on the guts claim. I think CME at 184 was an obvious bargain, and if I really had the guts, I'd have just bought the stock when I knew it was cheap, instead of just buying a $100 option contract... having guts would have also got me into NGPS at 21.4 this morning. I'd probably have done a lot of stupid things, too, which could have wiped me out long ago. I'd like to say instead that I have patience. The direction of CME from now to March is obvious to me. Of course, what price we see tomorrow is anybody's guess. If I knew what someone would pay me tomorrow for ANY stock, it'd make a great trade, but unfortunately my crystal ball stopped working a loooong time ago.

    by the way, CME stock is not just a piece of paper (technically, my piece is just a few bits on my broker's server), but a piece of a great business, with some very solid fundamentals... I suggest looking into it.

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