ORI 7-25-00 to 12-28-00

December 31, 2007 | Leave a Comment

This stock didn’t knock it out of the ballpark with a huge gain but the bounce off the 50 DMA, with a close at the HOD, all that green to max green BOP, and those three big accumulation bars with no selling was all that was needed to make me, at the time, go long a lot of this stock. Looking back on it, I probably would not have bought as much because now I would want more max green BOP leading up to the bounce. But back then I was more interested in getting rich than losing money (which now trumps my investing decisions in this current market enviro) even with a nasty market. At the end of it all it was a strong 75% return in a little over five months. These gains in the stocks I am listing right now are more impressive due to the fact that the Nasdaq fell over 40% while ORI was rallying 75%. That is a true 115% gain you realized, instead of being long the QQQ (it didn’t have four Q’s back then–I remember).

Posted by Joshua Hayes | Filed Under Best of 2000

New Longs and Shorts for December 31st

December 31, 2007 | Leave a Comment

New Longs: None

New Shorts: None

Happy New Year. Have a safe and happy holiday.

All the best in 2008!

Posted by MarketSpeculator | Filed Under Free Email Picks Archive

Stocks End The Week Pretty Much Where They Started, While Our Emotions Went From Christmas-Joy And Happiness To Tragic Sadness Within Two Days

December 28, 2007 | Leave a Comment

It was another low volume Christmas holiday week. One that happens ever year and this one, like the last, was no different with the bullish sentiment throughout the week. However, the only real action came on a day when the market fell on higher volume giving all the indexes a distribution day. Basically, we had the same situation happen this week as has been happening all year: the market rallies on lower volume, sells off on clear heavy distribution, but then somehow rallies again on lower volume.

Posted by Joshua Hayes | Filed Under Free Commentary

No New Long Positions For Monday’s Stock Market Session

December 28, 2007 | 3 Comments

For the first time, in a long time, there are not any new long positions for a second day in a row. In fact, I am not sure that has happened yet this year. If it has, I simply don’t remember it as I worked my butt off this year trying to make money in this crazy market. Oh how I long for the good old days of 1999 and 2003. They will come around again. Heck, I will take just one nice stock that looks like AFSI did in April or TESO did in February or OIIM in June or APPY did in September. However, in June, OIIM, and in September APPY wasn’t near the quality of AFSI and TESO and therefore could not warrant huge positions, with either the volatile price action or poor fundamentals. If we were looking for just high quality stocks with high quality charts, you have not found any, that worked (SNDA INXI BLL BYI failed), since April and you are not going to find any now. We must continue to be patient and wait for more HRZ, RMTR, AFSI, TESO, and APPY type charts to be made (those are the most recent big winners with top quality fundamentals and hot charts) or wait for the market to follow-through with some huge price and volume gains. Until we get that we are not going to find the stocks with the max green BOP action of ARL that have the price and volume action of HRBN. If ARL’s BOP was on HRBN’s chart, do you think I would have loaded up? If your answer is yes, you are right.

Posted by Joshua Hayes | Filed Under Free Archives Longs

No New Short Positions For Monday’s Stock Market Session

December 28, 2007 | Leave a Comment

There were no new shorts to take tonight as the majority of stocks that had any volume to them were already down over 25% plus from their tops. There are a few stocks that I am watching right now for potential shorts in the future that were in the high priced scan. The cheapest one here is $86 which tells us two things. 1) If these stocks do setup and breakdown from nice short patterns, this stock market is going to be in trouble as they are all leaders in their groups. 2) And if they do breakdown they are all going to produce for us some huge gains because having all of these leaders break down (they are creating similar topping patterns!!) in all these different sectors would indicate major weakness in the economy. GRMN LLL FLR CEO and CHL are all stocks I want to short and all of them are worth watching here for short entries. Some brave souls can test the waters but I am not a big fan of ever shorting a stock before it is below both 50 and 200 day moving average. “But Joshua, isn’t that too late?” If you would read William O’Neil’s book on shorting, you would know that the fastest, quickest, and safest drops in stocks happen after they setup, rally on low volume, and fail at these moving averages. If they don’t make this pattern and fall to earth like ERS did back in 2006…well then, there is nothing you can do about that. Better safe than short too early and be real sorry. Always make sure the market is a bear before shorting. How many of you have tried to outsmart this market and failed? I am sure many have. Be careful out there shorts.

Posted by Joshua Hayes | Filed Under Free Archives Shorts

EXTR 8-3-00 to 10-16-00

December 28, 2007 | Leave a Comment

This wasn’t necessarily a huge winner but was a very large position as it was the best performing Internet related stock at the time. So I loaded up due to the very pretty chart, despite understanding that the market was about to rollover. But when the market rolled over, this one kept going up and by the time it was done it produced around an 80% gain (it shows 77% but a better fill would have prevented that) in two months and two weeks.

Posted by Joshua Hayes | Filed Under Best of 2000

NEWP 5-31-00 to 9-22-00

December 28, 2007 | Leave a Comment

You may remember this stock from 1999. If you do then you know how pretty and hot the chart was at the time. This time it wasn’t that nice and we didn’t get a 300% gain in three months. But it did return a solid 233% in a little under four months. The second buy was not as heavy nor was it as pretty on the rally but heck it was still large enough to make a big impact on the account.

Posted by Joshua Hayes | Filed Under Best of 2000

New Longs and Shorts for December 28th

December 28, 2007 | Leave a Comment

New Longs: None

New Shorts: None

Posted by MarketSpeculator | Filed Under Free Email Picks Archive

Stocks Selloff On Massive Tragedy In Pakistan As Benazir Bhutto Is Brutally Assassinated In A Major Blow Towards Democracy; Volume Remains Very Low On This Holiday Squeezed Week

December 27, 2007 | Leave a Comment

I don’t know about you but I spent the day watching various new coverages (Fox News mostly) on the Bhutto assassination and the stock market was the last thing I thought about today. That was, at least, until the final hour when stocks started to selloff in a very strong mini-collapse in the final hour. They say the last hour of the day is the time when institutions make their biggest trades. If that was the case, this time, then they sure weren’t buying anything and were selling everything.

Posted by Joshua Hayes | Filed Under Free Commentary

No New Short Positions And Three Stocks I Am Adding To My Existing Short Positions; RIP Benazir Bhutto

December 27, 2007 | Leave a Comment

While there is nothing new tonight there are still three stocks that are setting up in perfect short positions with their price action. All of them have volume problems but there initial breakdown was on heavy volume so this is a retest and I can allow the volume requirements to be lax when the reward/risk ratio is so good on all of these. I am still not loading up on anything tonight. It still is not time, especially with the low volume and the New Year’s celebrations upon us. Be careful out there and say a prayer for all of those who love freedom and are either Pakistani or from Pakistan. Today was tragic and puts stock trading in perspective after you learn the life of this woman. But that is not what this site is about so let’s get to the charts.

Posted by Joshua Hayes | Filed Under Free Archives Shorts