Stockbee: WOMBA

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Stocks with long term momentum characteristics

October 14, 2006

Labels: WOMBA

Most people on the street look at momentum traders as low life form. It is considered immoral to buy something just because it is going up. What a waste of MBA if you can make money without reading balance sheets.

But if you do not have those hang ups you will find many ways to trade pure momentum based system with low risk. If you design it properly,you will not miss any major trends. I have been discussing various methods of trading momentum with a select few readers of the blog who had shown an interest in learning about them. So far we have discussed 5 different ways or variations of basic momentum strategy and various tactics and tricks and scans to make them work.

A well designed momentum strategy identifies opportunities in all sorts of market environment. The strategy is extremely simple to use. All these things require no expensive real time data software, no newsletter fees, no understanding macro stuff like interest rates,inflation, deflation, or stuff like PE, cash flow, earnings, or stuff like double top, C&W, wedges and so on. No looking at 1000 charts at night.

Here are some of the stocks identified using it over the course of last few weeks( only those above 30).

AEOS,American Eagle Outfitter
AEPI,Aep Industries Inc
AKAM,Akamai Technologies Inc
AXR,Amrep Corp
BAP,Credicorp Ltd
BDC,Belden Inc
BGC,General Cable Corp
CHAP,Chaparral Steel Company
CHTT,Chattem Inc
CPY,Cpi Corp
CRM,Salesforce.com Inc
DECK,Deckers Outdoor Corp
ELE,Endesa Sa
ENR,Energizer Holdings
EZPW,Ezcorp Inc Cl A
FLSH,Msystems Ltd Ord
FMD,First Marblehead Corp
GES,Guess? Incorporated
GVA,Granite Construction Inc
GYMB,Gymboree Corp
HITT,Hittite Microwave Corp
ICE,Intercontinental Exchange Inc
INFY,Infosys Technologies Ads
LFC,China Life Insurance Company
MWRK,Mothers Work Inc
NEU,Newmarket Corp
NRPH,New River Pharmaceuticals Inc
OMG,Om Group Inc
PCLN,Priceline.com Inc
RIMM,Research In Motion Ltd
SHOO,Steven Madden Ltd
UARM,Under Armour Inc
VIP,Vimpel Communication Ads
WRLD,World Acceptance Corp

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