posted
Hey all, if I were to say that I have an extremely consistent method of capturing $1 gains or higher one day a week on most weeks would you say that some of you would utilize the picks? Or track them to see what I mean at least. I ask because i don't have the funds to make it where the gains would be worth it for me since I only have around $1K in my trading account, and it is tied in pennies.
I have tracked the picks the past few weeks and it never fails that they increase in value at least $1.
Today for example the pick was Satyam Computer Services (SAY), up $1.74 at the moment.
I work as an investment analyst for a financial advisory compnay and picks are released on Tuesday. The Tuesday pick (if there is a pick), has historically performed like this. I will update this thread next Tuesday so you can see for yourself. Let me know if anyone is interested.
I am not required to keep the picks confidential so there isn't an issue there.
posted
OK, check back here on Tuesday of next week when the picks come out. I will let know know around 9 EST.
Posts: 330 | Registered: Mar 2004
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posted
HECK YES! i am interested to know the picks. I am more interested in your technique. I am just learning to trade so I am trying to learn all I can.
If you have yahoo messenger....message me at teufelmann3.
Thanks.
Posts: 164 | From: greenville, SC, USA | Registered: Mar 2004
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posted
heck yeah, post them. i know most of the time the picks from investment companies move up at least 40 percent in one day.
Posts: 483 | From: Fort Worth, TX, USA | Registered: Feb 2004
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posted
Just a heads up that there were no changes in the portfolio today so I have no picks. I will post them when they come though. Next Tuesday maybe.
Posts: 330 | Registered: Mar 2004
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posted
Little late today, covered up here at work. The pick for today is CEMEX S.A. ADS* (CX). It's already up a bit though. Posts: 330 | Registered: Mar 2004
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quote:Originally posted by tntrader: Little late today, covered up here at work. The pick for today is CEMEX S.A. ADS* (CX). It's already up a bit though.
Thanks again. Nice run today.
------------------ FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of.
Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
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If you're also into shorting, I typically have a shorting recommendation at the same time I have a buy rec. Let me know, and I will start posting it as well.
I don't usually follow others picks but I thought I'd look up these four, CTXS played outstanding. you had retraces on the other 3 but you did say in a week. ACN almost did it in one day.
Thanks for posting if I remember I'll watch these plays realtime.
GLTY
Keith
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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The picks for this week didn't even react as strongly as they normally do.
Check every Tuesday and I will either post that there are no picks for the week, or give you the picks
The short recommendations are really only short term picks as many times the company is in fine shape. The selling pressure typically drives it down a dollar or 2 though by weeks end.
posted
TNT- I have researched shorting a lot, but have never actually shorted a stock. My quick question is, how much free cash do I need in my account to short? If I have no available funds can i still short? Lets say my portfolio is valued at $5000, but its all tied up in stocks. Can I short, and if so how much would I be able to? Thanks in advance!
Posts: 1120 | From: San Diego, CA | Registered: Feb 2000
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quote:Originally posted by kbpkt: TNT- I have researched shorting a lot, but have never actually shorted a stock. My quick question is, how much free cash do I need in my account to short? If I have no available funds can i still short? Lets say my portfolio is valued at $5000, but its all tied up in stocks. Can I short, and if so how much would I be able to? Thanks in advance!
Best to consult your broker as margin requirements do vary. At the minimum (for stocks over $20), you'll need initial free cash equal to half of the intended short transaction's gross proceeds in order to initiate it. After opening the position, maintenance requirement will be your main concern, especially if the position starts moving against you. Setting up the cover buy stop is the way to go, no "averaging up" for markets can and do wipe out your solvency if you're wrong; do not wait for the broker to issue a margin maintenance call, for he has the right to cover your position as soon as the call is triggered on any trading day (especially with volatile stocks). Finally, playing with volatile stocks can be rewarding, albeit with a price.
Posts: 69 | From: San Jose, CA, USA | Registered: Jun 2003
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Is this thread still going? What is the criteria for picking the stock? How do I know when to buy? (obviously the $1 mark or just before it is to sell).
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