Following stocks are showing technical strength based on various formations.Please check FA for a balanced view.Always position to limit your loss.
NVTL,CPHD,CHU,WYNN,IBKR,JSDA,LFC,AU,AFL,GILD,ACGL.
TSX (Toronto Stock Exchange)
ARZ,QUA,CYS,BCB.
BLOG does NOT give buy or sell.
Saleem
IBKR (Interactive Brokers Group ) . From your list. I like that one a lot. Here is why:
ReplyDeleteOn the FA side :
- Great earnings (keep beating estimates) May run up till the Fourth Quarter Earnings on January 24
- All brokers are raising their guidance... should apply to this one as well
- Superior product (one of the best platform)
- no exposure to Subprime market
- Volatile market = More profits
- Low P/E ratio
On the TA Side :
- Coming back to its starting point
- Moves up on high volume, goes down on low volume
- Looks like it is about to breakout
On the downside:
-Not the hottest sector right now.
-Company not well known. Needs more buzz...
-Class action
Hi Frogvest,
ReplyDeleteThanks for your analysis.
Your systematic approach to anlysis is very refreshing.
Saleem
Thanks for your comment. I have you to thank for that systematic approach. During the present “trying” period, I have decided to focus my attention on how to better do stock picking than stock picking itself.
ReplyDeleteYou made me understand that I must spend more than 5 minutes before trading with my hard earned money. By sticking to a strict FA and TA analysis, it's the only way I can keep track of my good and bad trades (I even print a chart on the day I buy a stock to remind me what I liked at that specific buying point).
I also understand that even if everything points up, there is no guarantee that it's going to trade up. The systematic approach helps me to keep a "cool head". On the long run, I hope it's going to help me not repeating the same mistakes.
Hi Frogvest,
ReplyDeleteI am glad that you are taking an approach which has made Peter Lynch very successful as a mutual fund manager.
But he never had to deal with TA..he was 100% FA....
I firmly believe that if one incorporate 70% FA & 30% TA...with time you will have a much higher gain.
I also focus on some long term trend ...which keeps changing....
Yes....I have documentation of all my trades with rating/rationale...& I do go back to see why I sold something...and I am generally pleased.
Yes.... I do miss many big gainers...but with limited funds I would rather be comfortable & expert of few.
Saleem