LebowskiUrbanAchievers
56 posts
msg #88449
- Ignore LebowskiUrbanAchievers |
2/20/2010 10:29:34 AM
Up early on a Saturday! Checked the long 13 week and MTG and GNVC came up. That will be my start to this method. MTG sells PMI's for mortgages. Basically a guarantee for people with less than 20% to put down on a mortgage. I plan to open 300 share positions in both, to test.
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sekhar
2 posts
msg #88695
- Ignore sekhar |
2/25/2010 12:25:08 AM
Hi! Kevin_in_GA and TRO -
I have been looking into the threads posted by you. You guys are amazing! Great job!
I could only wish to become as good as you writing this stuff.
I am a newbee here and still learning my ropes.
I have a favor to ask of you.
Can anyone of you help me with a clickable code for " REVERSE HEAD AND SHOULDERS"?
I really appreciate your help and your valuable time.
Cheers!
- Sekhar
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Kevin_in_GA
4,599 posts
msg #88703
- Ignore Kevin_in_GA |
2/25/2010 8:38:04 AM
Up early on a Saturday! Checked the long 13 week and MTG and GNVC came up. That will be my start to this method. MTG sells PMI's for mortgages. Basically a guarantee for people with less than 20% to put down on a mortgage. I plan to open 300 share positions in both, to test.
++++++++++++++++
MTG hit its target already this week. Congrats.
GNVC will need to really pull forward soon. It is down about 5% so far (opened at 2.50, currently at 2.38).
If you invested in 300 shares of each you should be up $112.5 on MTG and down $37.5 on GNVC (net $75 on an investment of $3000, or up 2.5%). You can cash out now at a profit, or let it ride and take your chances. If you are using a 10% stop loss on GNVC, even if it gets tripped today you can't lose money this week (although you won't make much, about 1%).
Kevin
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LebowskiUrbanAchievers
56 posts
msg #88724
- Ignore LebowskiUrbanAchievers |
2/25/2010 12:14:48 PM
Up early on a Saturday! Checked the long 13 week and MTG and GNVC came up. That will be my start to this method. MTG sells PMI's for mortgages. Basically a guarantee for people with less than 20% to put down on a mortgage. I plan to open 300 share positions in both, to test.
++++++++++++++++
MTG hit its target already this week. Congrats.
GNVC will need to really pull forward soon. It is down about 5% so far (opened at 2.50, currently at 2.38).
If you invested in 300 shares of each you should be up $112.5 on MTG and down $37.5 on GNVC (net $75 on an investment of $3000, or up 2.5%). You can cash out now at a profit, or let it ride and take your chances. If you are using a 10% stop loss on GNVC, even if it gets tripped today you can't lose money this week (although you won't make much, about 1%).
Kevin
+++++++++++++++++++
I bought GNVC only at $2.47, my stop is at 2.16 so maybe stopped out today. Seems this stock might recover. The support is at 2.18, though I am hoping it jets up. I may hold until 5% is made or stopped out. With expected cancer drug trial news in a few weeks (around earnings report) I may up the profit expectation, also partnership is possible with a big pharma company.
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raviram80
30 posts
msg #88729
- Ignore raviram80 |
2/25/2010 2:01:07 PM
The best day to run this filter is on Sunday night or Monday morning?
Can someone please confirm?
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BZ1983
7 posts
msg #88730
- Ignore BZ1983 |
2/25/2010 2:09:49 PM
Yes, Rav.
This scan is to be run on the weekend and orders placed first thing Monday morning. Then manage through the week.
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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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