LebowskiUrbanAchievers
56 posts
msg #88731
- Ignore LebowskiUrbanAchievers |
2/25/2010 2:16:23 PM
Do your due diligence on these, and feel free to set your limit for purchase lower than the open as some stocks retrace the gap between Friday close and Monday Open.
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raviram80
30 posts
msg #88732
- Ignore raviram80 |
2/25/2010 2:26:50 PM
LebowskiUrbanAchievers,
What do you mean doing due diligence? What could be the factors I should be looking at?
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Radiomuse
288 posts
msg #88748
- Ignore Radiomuse |
2/25/2010 6:04:58 PM
Hi Kev - just wanted to share my latest version of this. It's based on 10 weeks, and I'm still experimenting with the weighting schemes for the first 5 weeks and the second 5 weeks - trying to determine exactly what I want to set those at and also the thresholds for passing the screen.
Also thinking about the due diligence issue - other than just looking at simple S/R levels, thinking about maybe looking at a daily or weekly RSI, and not pulling the trigger if it's above certain levels?
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Kevin_in_GA
4,599 posts
msg #88930
- Ignore Kevin_in_GA |
3/1/2010 2:58:35 PM
Sorry about not posting this week's picks - CYCC (up 2.4% today since the open) and MTG (trading about neutral - still opportunity to get in if you want to).
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LebowskiUrbanAchievers
56 posts
msg #89008
- Ignore LebowskiUrbanAchievers |
3/3/2010 10:13:46 AM
closed my GNVC at 2.57 for a .10/share profit. Noticed it failed and went negative as soon as it hit the upper 100 day linear regression line. I may be able to decipher M4M's cryptic setups and post a graph style on it. Though I will not be able to screen for stocks that fit her profile, as I am not good at writing code. I am a worthless electrical engineer.
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raviram80
30 posts
msg #89029
- Ignore raviram80
modified |
3/3/2010 8:56:36 PM
Hi Kevin,
Did you place the order for these two stocks on Sunday night or Monday morning at the start of the session if you did?
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LebowskiUrbanAchievers
56 posts
msg #89060
- Ignore LebowskiUrbanAchievers |
3/4/2010 10:14:34 AM
You would place the order on Monday, but place your limits to buy at friday's close and then watch it. Could be taking off like a rocket on Monday Morning and you may have to just buy as quick as you can. TOS shows after hours prices, sometimes they indicate a positive start or not. If you see it will start lower then try to buy ASAP on Monday morning to get a good price.
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Kevin_in_GA
4,599 posts
msg #89069
- Ignore Kevin_in_GA |
3/4/2010 11:43:51 AM
Lewbowski is right - use a limit order, and look to see where the stock is trading pre-market if you can. Otherwise, look at the index futures to get a sense of where it might move to at the open.
I am not currently trading this filter. Tied up in other approaches right now (which are less profitable, it turns out!).
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raviram80
30 posts
msg #89077
- Ignore raviram80 |
3/4/2010 1:52:46 PM
Lewbowski, Thanks for your reply. I get that
Could you please tell me what does TOS mean?
Kevin,
I am trading these stocks in virtual trading and they are unfortunately not doing well. so not losing real money., but should I look at fundamentals as well of the company and other aspects before thinking of using this filter
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Kevin_in_GA
4,599 posts
msg #89180
- Ignore Kevin_in_GA |
3/5/2010 5:37:21 PM
Raviram:
This week MTG hit its target, and CYCC closed only 0.07 lower (about 3%). If you played both you made money.
Historical returns on this are posted on the first post, and updates periodically throughout the thread. This filter returned 100+% in 2009. Hopefully you did as well.
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