Long Term Sector Trends
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Sector Trends- Long Term
Metal Fabrication is new addition in top ten this week. The " Catalog and mail order" sector has dropped from the top 10.
Sector Trends Long Term Sector Trends Long Term
1-Jun-2007
Internet Service Providers
Copper
Steel and Iron
Nonmetallic Mining &
Minerals
Aluminum Trucks and other vehicles
Heavy Construction
Rubber and Plastics
Metal Fabrication
Agricultural Chemicals
9 comments:
Pradeep,
remember AMZN's most recent earnings and it seemed like everyone was calling it short after the huge gap up?
wasn't that in itself enough of a reason to buy?
was that an example of bias, subjectivity being substituted for empirical evidence (e.g., volume, earnings numbers [i am not sure if they were "that" good], etc).
know what i mean?
Yes. I was one who was skeptical of it. That is why trading is so much fun.
many others, too, were skeptical...
i didn't know what to think.
ARUN's run has been impressive - among newish, IPO stocks, is there anything that stands out there that you can see that distinguishes it from other IPO stocks that pop and drop?
obviously a drop may be in ARUN's future. i have no position now, but would consider entering one on pullback to mid-high 17s and/or 16ish, depending...
do you ever violate your own rules (e.g., price and/or temporal stop losses, etc.)?
CRNT - good example of buying the breakout/episodic pivot
ARUN:
Recent IPO's (less than six month) which hold their first day price, that is don't go much below their first day price , tend to do best on breakouts.
CRNT
Is my current position. I have been holding it since its Episodic Pivot and is up around 50% since then. I have pyramided in to it along the way.
Breaking Rules:
Happens often. But I don't dwell too much on past trades or missed opportunities.
Between the 4-5 methods I use there are so many opportunities on daily basis that missing one or two trades does not matter.
All you need is 15 to 20 big pyramidable trends in a year to make big money. Episodic Pivot keeps providing those kind of opportunities.
Getting stopped out does not bother me much , because even if I get stopped out number of times, few good trades make my quarter or year.
I have seen past trends my losses are in 1-2% range but my profitable trades are in 28% plus range so it seldom bothers me to take small and frequent losses.
Which was not the case in beginning year. Now I am more like machine which buys and sales with not much of emotions involved.
i remember your call on CRNT - thats why I mentioned it... nice!
DBTK is ipo at about 6-month mark perhaps setting up nice...
have you ever considered a blog post regarding building/pyramiding positions after initial entry?
thanks!
There are many IPO's doing well currently.
Look at CEL, NGLS, CAVM, NCMI, ATN, EMU, CHIP, OMPI, TA, and so many more.
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