Following stocks are showing technical strength based on various formations.Always use tight STOP to control loss.Check FA for a balanced view.
ANDE,HON,AVR,IDEV,CRM,TXN,PRFT,MR,SDTH,LINTA,PEIX.
TSX ( Toronto Stock Exchange)
MDI,MNF,AEM,CDM,OCX,IOL,ALM,QGX.
BLOG doe NOT give buy or sell.
Saleem
6 comments:
Saleem, I thought I would mention that IH is expecting a bounce in the markets this week, much like it seems that you are expecting as well. These are some of the stocks, from their play list (current trades that they are already in), that IH thinks could pop next week. What I did was, comb through their plays and pick the ones that had special mention (positive) for expectations of moving up:
BG
CF
CTRP
CY
DRYS
EDU
FCX
NDAQ
SNDA
VIP
XTO
The above list is a big part of my ticker watch list. I currently own: POT, RIMM, MR, CF...
One other mention and that is RIMM. IH plans on letting it run up to earnings, Thursday AH. They plan on selling RIMM on Thursday, before ER as they think it could be to volatile. I am going to follow IH and sell my RIMM on Thursday. Good luck this coming week my Friend. Doug...
Forgot to post with the RIMM notation:
RIMM 11/27 Test 50 105.98 +1.68 119.22 136.95 28M 32M 119.65
Current. Trying to come to life on rising upside volume. It could not hold a move over the 50 day EMA on Friday, but it held that November low and the September/Oct peaks and gap up point and bounced. Will let it rally as far as it will and then take them off the table ahead of earnings on Thursday after the close.
Man, talking about broken trendlines, look at where they entered RIMM. Ouch. I was so lucky as I bought under $100. I just wish I would have bought more than 200 shares. LOL. Oh well. I played RIMM twice in the last week and made solid gains and still got to get back in under $100. I have bought it twice under $100 and sold for $106 and now I have a third time and will hold till thursday. Hope some of this helps.
Hi Doug,
Thanks for your posting of IH picks.
I am glad you are going with strong stocks.
Try to stretch your personal picks to five stocks with the same $...
As you have noted that I have been blessed since aug big time.....I had one bad week which really crushed me with big loss.....
Since then I am staying with my personal belief with 4 to 5 stocks now 6 after a long time.
We all need to worry about stock picks more than market...as I believe markets will remain volatile..but some stocks will do well.
I am really happy that you are developing your own picks as you go along.
Remember the purpose is "to make money with BEST ideas always...as I firmly believe some stocks stay UP for very good reason."
Thanks for posting IH take on RIMM as it is my largest $ allocation almost 30% of my well diversified portfolio.
Please say Hi to your loving family.
Saleem
The reason that I keep having 3-4 stocks is that I buy too many shares. One thing that your blog has made me realize is that if I buy more stocks, 5-6, I have a better chance of peeling them off for a profit and less stress with less shares per stock. I have some dry powder right now and I will be buying more stocks with fewer shares in the future. I have definitely noticed that it is less stressful to have fewer shares and more stocks. It is all the same in terms of returns, it is just spread out more so that any suprise moves to the downside dont freak me out. LOL. Thanks for stressing that to me, I can see how helpful your advice was regarding that.
By the way Saleem, I got killed on SGR this week. IH stopped it out after it just kept going down and down...unfortunately, I let it go for $4 loss. Ouch. I dont even want to watch it next week, as I still think that it will recover but I followed IH and exited. I kinda knew it was coming and I intend to start listening to my own inner voice from now on. If I would have listened to my own instinct, I would have gotten out at $2 loss. It seems that the trades that I allow to go to far down, tend to punish me the most. SOHU was another stop out and it killed me too. Now SOHU is back on IH watch list. CRAP! SOHU is a stock that I just knew in my heart would make a comeback and I should have stayed with my own conviction. Do you have any insights that you would like to share regarding stocks that are moving down??? For a while, I was selling any stock that retraced to my original buy point and that was working really well for me. I either made money or broke even. Now I have found myself letting a stock go too far down before I let it go. What do you think about selling a stock for break even, to avoid losses? Either make money or break even??? Thanks for any insight as to how you view this topic. Doug...
Hi Doug,
I know your challenges when you buy any stock......
There is two purpose for any position.....
First to make money & move ON quickly based on your IH focussed approach.
Second is absolutely to CUT LOSS ASAP.....breakeven is a very good exit point.
As you have observed I practice a combination of technical & FA trades...DSX was a loser for me $3/per share loss....
I am sure you find your own comfort level & strategy...but do NOT get too greedy.....
Yes Stop LOSS @ breakeven is a smart discipline....
Discipline is going to make it for you.....
Saleem
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