Kevin_in_GA 4,599 posts msg #78650 - Ignore Kevin_in_GA |
9/4/2009 7:38:26 PM
I bought AMED on news that CEO and CIO left suddenly. It dropped 25%. It was an IBD 100 so I thought it was a good buy. Bought at 33.40. It dropped below 30 and I was trying to stay calm. It is at 34.80 in after hours. By the way, I found this using Kevin's IBD scan.
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I saw this one as well - you should have bought in this morning at 35.41 - did you run the scan before the end of the day yesterday and buy in then?
Close was at 35.00, according the the chart. I was scared s***less about that drop. I bought into Netflix instead (the other one the scan pulled up).
BTW, there are two versions of this scan - one waits for the close to be above the previous day's close, which was below the BB(16,2.5), the other jumps in at the open after the drop. Not sure which one works best yet - a lot of the stocks made profit right after the drop below the BB, so waiting for confirmation of a bounce may be less profitable than just leaping in.
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Eman93 4,750 posts msg #78651 - Ignore Eman93 |
9/4/2009 8:05:26 PM
NIce job Kevin.......no CF was something I posted a page back...hege fund intrest
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kmcninvest 43 posts msg #78652 - Ignore kmcninvest |
9/4/2009 8:13:39 PM
I ran the scan in the morning and AMED popped up. I checked the news and realized panic had set in. I would have not have picked it up so quickly without the scan. I saw Netflix too but was concerned about the You Tube announcement to compete. The scan also picked up CA which I invested in. It has gone up about 3% since. Great scan. I do have a question as to why there are 2 IBD over 90 lists? I like this scan because it gives me "fundamental" insurance. Some of the RFR scans bring back stocks with IBD composite ratings below 10. Yet, they do run.
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Kevin_in_GA 4,599 posts msg #78657 - Ignore Kevin_in_GA modified |
9/4/2009 10:21:58 PM
There are more than two watchlists of the IBD stocks because a watchlist can only hold up to 200 symbols. The consolidated lists, once duplicates are removed, contain 458 symbols.
I should have picked up NFLX yesterday, and not worried about seeing a bounce above the previous close - lost a bit of profit by waiting. Still early on in this filter - not sure exactly how to play the signals for maximum profit.
Remember, based on the trades I tracked from 2005 forward, the average hold time is 56 days - no need to rush.
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Eman93 4,750 posts msg #78688 - Ignore Eman93 modified |
9/5/2009 2:15:17 PM

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Eman93 4,750 posts msg #78689 - Ignore Eman93 modified |
9/5/2009 2:17:46 PM
Some times I cant see the forest because of all the trees......
Head and Sholder #2
1 or 2 more up days.........
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Eman93 4,750 posts msg #78760 - Ignore Eman93 |
9/7/2009 10:12:37 PM

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Eman93 4,750 posts msg #78763 - Ignore Eman93 |
9/8/2009 12:20:26 AM
My plan is to get long above S&P 1018.......short below the neck line.
Holding ELON and HEB.....if we break below 1012 on the S&P I will sell out of everything and wait to see what happens.
some I like for this week....
JBHT
EJ
LZB
MFE
BPOP
PLM
RTK
HEB
STSA
CRZO
MGM
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Eman93 4,750 posts msg #78817 - Ignore Eman93 |
9/8/2009 7:31:37 PM
Sold out of HEB at 2.12.....+5% Sold the rest of ELON at 11.35 up 0.40
Bought GME at 24.50 sold 24.95...
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johnpaulca 12,036 posts msg #78820 - Ignore johnpaulca |
9/8/2009 8:02:43 PM
Very nice Eman.
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