Allstocks.com's Bulletin Board Post New Topic  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » Swing Traders » Industry plays

 - UBBFriend: Email this page to someone!    
Author Topic: Industry plays
fourseven
Member


Rate Member
Icon 1 posted      Profile for fourseven     Send New Private Message       Edit/Delete Post   Reply With Quote 
heya,

i've been looking for a better way to find "low maintenance" plays.. something where you can come in for a week, looking for about 5~10 percent, without having to hawk it at the screen every minute of every trading day.

so here's a potential strategy: look at stocks in groups.. for example, look at entire industries, gauge how they're doing. for example, Money Center Banks) -- the entire industry is in a downswing. if there happens to be a stock or two that are picking up (or generally doing better than the rest), those would be potential plays. the rationale being that if in bad times (for the entire industry) these are doing well, it is likely they'll do well as the tides turn.

thinking further, seeing the robust stocks hold their ground while their industry group suffers losses, then begin gaining as the remainder of the group flattens out.. i'm thinking these could possibly be used as predictors of bottoms, "weather vanes" indicating that interest (& money) is beginning to turn towards the industry group as a whole.

one play i'm considering in the Money Center Banks industry: OFG (Oriental Financial Group)

closed at 12.69 monday, looks like it just broke through resistance an made a modest new high. my guess is it will stay between 12.40 and 14.00 ..

let me know what you think of this strategy.. i'll update on how the OFG play turns out.

--------------------
the market is not your mother

Posts: 1282 | From: Montreal | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
fourseven
Member


Rate Member
Icon 1 posted      Profile for fourseven     Send New Private Message       Edit/Delete Post   Reply With Quote 
up 3% today

--------------------
the market is not your mother

Posts: 1282 | From: Montreal | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
fourseven
Member


Rate Member
Icon 1 posted      Profile for fourseven     Send New Private Message       Edit/Delete Post   Reply With Quote 
up another 6% today.. i think it may encounter resistance trying to close above $14

--------------------
the market is not your mother

Posts: 1282 | From: Montreal | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
   

Quick Reply
Message:

HTML is enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2013 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share