StockFetcher Forums · Filter Exchange · BOLLINGER BAND TRADING STRATEGY<< 1 ... 13 14 15 16 17 ... 39 >>Post Follow-up
Kevin_in_GA
4,553 posts
msg #79757
Ignore Kevin_in_GA
9/21/2009 8:16:52 AM

Hi Kevin,

Really nice job on your filter and thanks for sharing! Just noticed your last two backtest results had 84 stocks in Scenario 1 and 98 in Scenario 2. Any idea why these are different when the only variable appears to be a profit stop?

+++++++++++++++++++++++++

You only are allowed 50 open positions at any time - therefore if you do not close them out with the 20% stop, they stay open longer and then you cannot buy into new stocks until older stocks have hit the upper BB.

Kevin_in_GA
4,553 posts
msg #79794
Ignore Kevin_in_GA
modified
9/21/2009 4:28:08 PM

NO BUY OR SELL SIGNALS FOR TODAY.

Will update the portfolio performance later tonight.

EDIT: UPDATED PORTFOLIO ON 1ST POST IN THIS THREAD

Kevin_in_GA
4,553 posts
msg #79841
Ignore Kevin_in_GA
9/22/2009 2:43:18 PM

Running the BUY screen at 2:30 PM shows BJRI as a candidate. It's down 5% today on no apparent news.

IBD ranking has dropped below 85, but this must be a very recent move. Still in play if it is below the lower BB at the end of the day.

Statistically, it is more profitable to buy at the close than at the open on the following day, but we are near or at a market top so those statistics may no longer be as reliable (look at STEC as an example). Not sure how I want to play this one yet.

gabestogie
79 posts
msg #79848
Ignore gabestogie
9/22/2009 3:34:50 PM

Kevin:
I've been watching it since it popped up. So far it has dropped thru 2 support levals 15.92--15.70 and has so far held above the 3rd 15.35 by touching 15.36. Not sure either.

2 articles on Yahoo for STEC, looking good
BGS doing good also.
Gabe

Kevin_in_GA
4,553 posts
msg #79849
Ignore Kevin_in_GA
modified
9/22/2009 3:36:14 PM

Support levels were determined by what method?

on 9/14, IBD ranked BJRI at 88. Today it is at 72. Odd, no way there was any change in EPS, growth, fundamentals, etc. Must be entirely price driven.

EDIT: at 3:50 PM, it has broken the 3rd support level you were talking about - never mind, it just popped back up to 15.36 as I was typing!

gabestogie
79 posts
msg #79850
Ignore gabestogie
9/22/2009 3:45:18 PM

Kevin:
Go to
FREESTOCKCHARTS.COM
Gabe

gabestogie
79 posts
msg #79851
Ignore gabestogie
9/22/2009 3:56:46 PM

I can't find any reason or news out on it so I may hold off to find out why such a big one day drop.
G

Kevin_in_GA
4,553 posts
msg #79852
Ignore Kevin_in_GA
9/22/2009 3:58:35 PM

BJRI volume going into the close not impressive. I'll hold off until tomorrow on this one.

Kevin_in_GA
4,553 posts
msg #79853
Ignore Kevin_in_GA
9/22/2009 4:00:53 PM

a24ali:

Any chance you counld look at today's effective volume for BJRI? Is this a mass exodus of institutional players?

stratiG
147 posts
msg #79854
Ignore stratiG
9/22/2009 4:06:51 PM

From IBD

SmartSelect Ratings
Rating Checklist
Composite Rating 73
EPS Rating 95
RS Rating 47
Group RS Rating C
SMR Rating B
Acc/Dis Rating C-

StockFetcher Forums · Filter Exchange · BOLLINGER BAND TRADING STRATEGY<< 1 ... 13 14 15 16 17 ... 39 >>Post Follow-up

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