StockFetcher Forums · Filter Exchange · BOLLINGER BAND TRADING STRATEGY<< 1 ... 35 36 37 38 39 >>Post Follow-up
Kevin_in_GA
4,537 posts
msg #82529
Ignore Kevin_in_GA
11/5/2009 8:03:16 PM




spokunfor2
3 posts
msg #82534
Ignore spokunfor2
11/5/2009 11:24:03 PM

Kevin...enjoy reading your work...your post of confirmed buys dated 11-5-09, I assume were for the trading day of 11-6 ?? since your post time was after 8pm..rite?
I'm not sure also coz all 3 posted nice gains today and my other stock crunchers, i.e. vector vest, TDA's think or swim, investors underground, etc..are all showing a stong 'sell' on those 3 for tomorrow...it will be interesting to see if you 'beat the street', so to speak...I'm rooting for ya !! Gary

Kevin_in_GA
4,537 posts
msg #82541
Ignore Kevin_in_GA
modified
11/6/2009 6:47:18 AM

What stock didn't do well yesterday? Oh yeah, CVS ... but other than that, it was an all up day for the markets.

The confirmation signal is that, after the stock closes below the lower BB, the next day it closes above its previous close. Yesterday gave that option for a lot of stocks that may not have really earned it, but we'll wait and see.

STEC has been beaten down to death for a good company - I would buy in at these levels, anticipating it to slowly rise back to $20 or so - (at its current price, it only needs to rise $3 to give you a 20% gain, which triggers a SELL).

TRLG, as a retailer, could do OK as we run into the Xmas shopping season (I hope).

Thanks for the feedback.

Kevin

kmcninvest
43 posts
msg #82544
Ignore kmcninvest
11/6/2009 7:56:26 AM

FYI: just a heads up on STEC http://finance.yahoo.com/news/Law-Offices-of-Howard-G-Smith-bw-810792102.html?x=0&.v=1

spokunfor2
3 posts
msg #82618
Ignore spokunfor2
11/7/2009 4:23:07 AM

Nice call Kevin !! your screener beat the street...all 3 or your picks for today were green...everyone else had them listed as 'sells'.. congrats...gary

jalabuda
13 posts
msg #82619
Ignore jalabuda
11/7/2009 4:42:00 AM

One should look at the news before investing in any stock. I like to look at www.finviz.com for news on any stock that I play. See STEC on Finviz.

For example posted 7:12 am on Nov. 5th

Trader Mark's articles on Seeking Alpha
This As with sports, sometimes the best trades are the ones you never complete. [Sep 22, 2009: Missed STEC Purchase by 23 Cents] Former momentum darling STEC (STEC) [July 16, 2009: STEC - Keeps on Tickin', Never Quittin'] was down 30% premarket Wednesday despite good earnings this past quarter. The culprit is guidance due to an inventory issue with EMC (EMC). STEC's wonder product is the Zeus Solid State Hard Drive, and EMC is 90% of that business, so effectively STEC is joined at the hip with any EMC decision.

This massive selloff does provide a compelling valuation; however the gap down Wednesday and residual fleeing of momentum lemmings is going to take time to resolve. The bigger question is how much time does STEC have before competition begins to crowd into the space, and start to compress financial metrics.


Kevin_in_GA
4,537 posts
msg #82621
Ignore Kevin_in_GA
11/7/2009 8:49:54 AM

STEC was not up yesterday, it was down almost 9%. I don't understand why this is down over 50% in the last month or so - it's a good company with a lock on the SSD market right now and earnings were solid.

Oh well, no one ever said the market was rational. An no stock screen is ever 100% accurate - even the best ones only give you a tradable statistical edge.

Kevin

spokunfor2
3 posts
msg #82642
Ignore spokunfor2
11/8/2009 11:14:36 AM

kevin...yes, STEC closed down from hod, but as a daytrader, it made plenty of upside moves...so (for me) you made a good call on it...thanks..

duke56468
683 posts
msg #82764
Ignore duke56468
11/10/2009 2:46:30 PM

Kevin
Do you think the IBD list is too out of date to use now. Do you think there is a filter on SF that can come close to the IBD list?

Kevin_in_GA
4,537 posts
msg #82776
Ignore Kevin_in_GA
11/10/2009 3:59:56 PM

Kevin
Do you think the IBD list is too out of date to use now. Do you think there is a filter on SF that can come close to the IBD list?
++++++++++++++++++++++++++

This is a question that has been asked several times before. I am not sure that it matters, as these are pretty good stocks that should do well over time. Several of the CANSLIM-based metrics used to detrmine the IBD ranking are based on 3-5 quarters of growth in certain financials, so is that likely to change over a month or so?

If you want to use only the highest IBD ranking stocks, go to investors.com, start a free two week subscription, and download the current top 100. You can then cancel the subscription, and just buy the IBD paper every Monday to update your list.

Personally, I updated these lists in September to include only high ranked stocks, and for now do not see a reason to do it again just yet.

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