posted
Based on the way the market looks set to open, I'm going to set my order for DBRN 2-3% lower than the close from Friday and just keep an eye on it. Unfortunatley I have a dr appointment this morning, so I will be monitoring/trading from his office...
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
With the Dow opening down over 500 points it may have a lot of momentum.Are you sure 2-3% isnt far enuf? Maybe closer to 7% range or will this be a long position? A lot of shorting will happen today and Ebay and Yahoo are among those.
posted
Bottomfeeder, had I been at a computer I would have not placed an order premarket and would have just watched. But I was a bit lucky. Had an order in to buy at 10.25 and got filled at 10.13 at the open. Already sold at 10.65 for 5% in under a half hour!
Based on the rest of the market, I'll happily take it!
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Thanks guys. Was nice to see a winer amongst all the red. Turns out it hit almost 10% from when I bought, but I'm sticking to the plan.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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Since I revamped my methodology on December 18th, there have been 6 buy signals.
I bought 3 that went up 5% within a week.
I missed one that went up 5% within a week (two signals occurred on the same day, so I only bought one of them)
I missed one that would have sold after a week for +2% (I just plain missed it. Would have bought it if I had noticed)
I bought one that was down 10% after a week.
So 4 of the 6 went up 5%, one went up 2% and one went down 10%.
And of course, because I loaded up on the wrong one, I'm net negative trading this strategy, but I don't expect that to be true for long, and hopefully you can see the potential in this method.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
by the way, found out Wednesday that I passed the first level CFA exam. I'm fairly surprised, given the fact that I studied for about two weeks, when they suggest 10-15 hours a week for 4 months...
So now I get to take the second exam in June. Yippee...
quote:Originally posted by $tock Weazel: Hey PC--Did you ever get those results back from you law school?!?!
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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Of the two, I will be buying RJF at the open. MW is already up almost 40% in the last 3 weeks, so I just feel more comfortable with the upside of RJF.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Wow, VERY strange action at the open. I had an order in to buy at 27.50. It raced up to 29.14 (almost 7%) almost immediately, and my order didn't fill. Then it came back down just as fast and my order filled at $27.23.
Sell order is set for $28.60
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
nice job man! I've checked on it periodically and saw it pushing $4 the other day. You still holding?
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Thanx, nice thread, but its so restricted to one type of play, insider buy plays, so many others out there that wouldnt qualify but are excellent..too to lazy to post other winners like QMAR, VLTR, RAD, CNXT that I have played and followed etc.. blah blah blah lol..take care..its a good thread
quote:Originally posted by PCola77: nice job man! I've checked on it periodically and saw it pushing $4 the other day. You still holding?
posted
LOL. Yeah, I know what you mean, but I wanted this thread to be just one method, with a hard and fast rule, to see how it performs over time. I've seen people start threads with intentions of tracking their trades, but they'll hit a bad patch and ditch the thread, or start a new one to "lose" the old performance, or keep changing what they trade based on, and I just don't see value in those types of threads except to whoever makes the particular post, because only they know why that stock was picked over all the rest.
Ideally I'd like this thread to get to the point where the performance has a proven track record, and people can understand why each trade is made.
I definitely don't want to discourage you, or anyone else, from posting on this thread, because I always follow the ones people put on here, and maybe we can come up with a way to supplement my rules to get some more activity on this thread, vs the one or two trades a week that my program outputs.
And don't be too lazy to post, throw 'em out there and let people learn from your experience.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Sorry about that, I thought I posted it this morning on chuck big board. during the premarket hours.
Evidently, I did not, but here's the symbol - HTCH - it actually had a better range than I thought . When everything was said and done 18.46 down to 16.10 was the true range for the day chuck
I took a look and I did post it this morning at 8:14 that makes me feel a great deal better. Sometimes I think I'm losing it. Posts: 330 | Registered: Nov 2007
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posted
Well, you're still losing it, you posted a range without ever mentioning the symbol on this thread Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Well, WCC, the one that I got killed on recently, apparently released great financials today, and is up 12%. I coulda actually sold for a decent profit if I had held...
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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