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Few stocks to go long


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#1 manuj

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Posted 08 February 2012 - 01:32 PM

VFC
PEET
RAX

Thanks
M

#2 diogenes227

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Posted 08 February 2012 - 03:52 PM

VFC
PEET
RAX

Thanks
M


Why buy them and buy them now? Or after a pullback?

RAX is in my nifty-fifty and it's giving me a daily sell today.

PEET is up seven days in a row. Lots of momentum. But seven consecutive days up would make me want to sell...

VFC looks good. Gap breakout from a tight consolidation (might even call that a cup and handle if it can take out its highs a point or so above here). Strong volume. But if the market pulls back...

What's the time frame for these buys? What's the sell signal?

Thanks for the heads up on the strength in PEET and VFC. Will follow them going forward.

Good luck and trading.

:)

"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#3 manuj

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Posted 08 February 2012 - 04:45 PM

Why buy them and buy them now? - These are solid companies fundamentally - Uptrending on weeklies - Had recent pullback and/or consolidation and have resumed up trends after that - Forming or completing a cup and handle pattern You may wait for PEET and RAX to pullback - but VFC is a good entry I believe. If I were to buy them today - I will just go in with a 8-10% stop. I generally take profits at 25% gain. My SELL signals are on broader market not individual stocks. So as long as the uptrend continues - I will hold them (unless they hit my exit of -8% or +25%) Timeframe - it all depends on my signals. I can hold on for weeks if no SELL signal or EXIT signal is triggered. Definitely for swing traders not day trading. Hope that answers the questions M

#4 diogenes227

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Posted 08 February 2012 - 05:11 PM

Why buy them and buy them now?

- These are solid companies fundamentally
- Uptrending on weeklies
- Had recent pullback and/or consolidation and have resumed up trends after that
- Forming or completing a cup and handle pattern

You may wait for PEET and RAX to pullback - but VFC is a good entry I believe. If I were to buy them today - I will just go in with a 8-10% stop. I generally take profits at 25% gain.

My SELL signals are on broader market not individual stocks. So as long as the uptrend continues - I will hold them (unless they hit my exit of -8% or +25%)

Timeframe - it all depends on my signals. I can hold on for weeks if no SELL signal or EXIT signal is triggered. Definitely for swing traders not day trading.



Hope that answers the questions
M


Thanks for the clarification.

"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."