spokunfor2
3 posts
msg #82618
- Ignore spokunfor2 |
11/7/2009 4:23:07 AM
Nice call Kevin !! your screener beat the street...all 3 or your picks for today were green...everyone else had them listed as 'sells'.. congrats...gary
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jalabuda
13 posts
msg #82619
- Ignore jalabuda |
11/7/2009 4:42:00 AM
One should look at the news before investing in any stock. I like to look at www.finviz.com for news on any stock that I play. See STEC on Finviz.
For example posted 7:12 am on Nov. 5th
Trader Mark's articles on Seeking Alpha
This As with sports, sometimes the best trades are the ones you never complete. [Sep 22, 2009: Missed STEC Purchase by 23 Cents] Former momentum darling STEC (STEC) [July 16, 2009: STEC - Keeps on Tickin', Never Quittin'] was down 30% premarket Wednesday despite good earnings this past quarter. The culprit is guidance due to an inventory issue with EMC (EMC). STEC's wonder product is the Zeus Solid State Hard Drive, and EMC is 90% of that business, so effectively STEC is joined at the hip with any EMC decision.
This massive selloff does provide a compelling valuation; however the gap down Wednesday and residual fleeing of momentum lemmings is going to take time to resolve. The bigger question is how much time does STEC have before competition begins to crowd into the space, and start to compress financial metrics.
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Kevin_in_GA
4,599 posts
msg #82621
- Ignore Kevin_in_GA |
11/7/2009 8:49:54 AM
STEC was not up yesterday, it was down almost 9%. I don't understand why this is down over 50% in the last month or so - it's a good company with a lock on the SSD market right now and earnings were solid.
Oh well, no one ever said the market was rational. An no stock screen is ever 100% accurate - even the best ones only give you a tradable statistical edge.
Kevin
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spokunfor2
3 posts
msg #82642
- Ignore spokunfor2 |
11/8/2009 11:14:36 AM
kevin...yes, STEC closed down from hod, but as a daytrader, it made plenty of upside moves...so (for me) you made a good call on it...thanks..
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duke56468
683 posts
msg #82764
- Ignore duke56468 |
11/10/2009 2:46:30 PM
Kevin
Do you think the IBD list is too out of date to use now. Do you think there is a filter on SF that can come close to the IBD list?
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Kevin_in_GA
4,599 posts
msg #82776
- Ignore Kevin_in_GA |
11/10/2009 3:59:56 PM
Kevin
Do you think the IBD list is too out of date to use now. Do you think there is a filter on SF that can come close to the IBD list?
++++++++++++++++++++++++++
This is a question that has been asked several times before. I am not sure that it matters, as these are pretty good stocks that should do well over time. Several of the CANSLIM-based metrics used to detrmine the IBD ranking are based on 3-5 quarters of growth in certain financials, so is that likely to change over a month or so?
If you want to use only the highest IBD ranking stocks, go to investors.com, start a free two week subscription, and download the current top 100. You can then cancel the subscription, and just buy the IBD paper every Monday to update your list.
Personally, I updated these lists in September to include only high ranked stocks, and for now do not see a reason to do it again just yet.
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duke56468
683 posts
msg #82846
- Ignore duke56468 |
11/11/2009 11:06:38 AM
I know, I tried a search for IBD, IBD filter, and Investors business daily but got nothing so maybe it's not possible. It does involve a lot of fundamentals.
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Kevin_in_GA
4,599 posts
msg #82893
- Ignore Kevin_in_GA |
11/11/2009 10:01:20 PM
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duke56468
683 posts
msg #82926
- Ignore duke56468 |
11/12/2009 1:02:00 PM
Kevin,
Somewhere on this thread I think you posted your winners and "still open" trades, but now I cant find it. Did you delete it?
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Kevin_in_GA
4,599 posts
msg #82927
- Ignore Kevin_in_GA |
11/12/2009 1:06:54 PM
I did remove it, as I no longer was holding any of those stocks and did not have the time to update them every night. Also, the actual stocks that would be part of the portfolio were 50 in total, which if you want I will post (along with the trades that were completed.
Kevin
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