GNSS 10-3-01 to 1-9-02
January 24, 2008 | Leave a Comment
This was a great long and by looking at the setup you can tell it was basically a perfect setup. Those that have been reading me know that there is one chart pattern I love more than any other which is the breakout from resistance-bounce off the 50 DMA on huge volume. GNSS did that perfectly after the horrible attacks by Islamofascist. This stock was by far my best long that came from the post-9/11 rally. The BOP wasn’t max green long enough for me to get crazy and put my whole account in but it was still good enough to load up. What would have made GNSS perfect is if BOP would have been max green starting in August when the stock started to trend down a little and/or it would have been green all the way from April to the area where the max green BOP started. Still, there was enough max green before the bounce and a nice area of green to max green BOP from April to July to make this stock pretty enough to become a major position in my portfolio. In a little over three months, GNSS produced a very impressive 130% gain from a more than impressive setup.
CACI (now CAI) 4-4-01 to 6-13-01 58%
January 23, 2008 | Leave a Comment
This was an awkward stock for me in a way as, according to my records, I bought a lot more with each additional buy than the first. That must have been a testament to how poor the market was. It wasn’t a video game stock so I wasn’t sure I wanted to purchase a lot since the market was so weak. Instead, I decided that if it showed me a gain and the chart continued to get more green I would buy more and more. That worked out very well. My first buy was small but my second buy was very large. So we will consider that the first big buy and will measure my gains by that purchase (since the first is too small–that would be cheating). The buy that I LOADED up on was 5/9. It looked so perfect breaking out of that short base with the big surge in volume and the BOP exploding higher to a max green BOP. The BOP being green to max green almost the entire way from February was just too hot. Around 6/11 I started selling when the stock started making higher highs on lower volume. My final sell came on 6/15 as the stock sold off on higher volume. Of course, now, I would not have sold it. But back then the market had me nervous and I jumped ship too early. Had I waited I would have walked away with a 189% gain by the time the top came on 12/28/01. But that one pullback not me out of my whole position. Nowadays, I would have just sold my HUGE buy on 5/9 and held the rest. Instead I walked away with a 58% gain from the 4/4 buy, a 50% gain from the 4/18 buy, and a 22% gain from the LARGE 5/9 buy. From the 4/4 buy to the final sell it was 43%. This was the most interesting stock out of all of my longs during the 2000-2002 bear market based on the potential reward, lost gains, insane market action, and price action.
TTWO 5-9-01 to 6-7-01
January 22, 2008 | Leave a Comment
This was not a big purchase, but after getting heavily long ATVI and THQI, TTWO set up in a very nice chart pattern. I did buy a lot of the stock and did expect more out of it but it only gave us a very quick pop before selling off. However, that purchase, produced a strong a very quick 48% gain during a time when the market fell 11%. This was a good long, considering the weak market.
PETM 5-29-01 to 6-5-02
January 17, 2008 | Leave a Comment
PETM was a great long and I should have held tight because where you see the top is where I sold my last position. However, the stock continued higher and made a 300% by the time it was all said and done. However, for me, I enjoyed a nice 250% gain in a little over a year.
SLXP 1-24-01 to 6-29-01
January 16, 2008 | Leave a Comment
This was a great long for me during this time as it was an IPO with a beautiful pattern. Sadly, I did not load up on the initial purchase. It was the second purchase that was the large buy. But as MY luck would have it, it closed below the 50 DMA about a month later forcing me to sell half. So this was not a huge position by the time the top came around, but, I can still gladly say that I made a good amount of money on this purchase, during a time when the market fell 25%. SLXP produced a 126% gain in five months.
FIC 4-5-2001 to 7-16-2001
January 15, 2008 | Leave a Comment
FIC was not the largest purchase in my portfolio during this time as I was focused so much on loading up on ATVI and THQI that I decided this one was not worth loading up on since it did not blast through the 50 DMA on a huge surge in volume and BOP was not max green. But the BOP had been above the zero line every day except one and there was a huge area of nice price action and max green BOP before in early 2001. So it was a decent size long and it was a big winner for my port but it wasn’t a huge purchase. Not anything that was going to change my life. In three months and a week-and-a-half this stock rose 74% during a time when the Nasdaq was only up 13%.
DRS 4-2-01 to 10-8-01
January 14, 2008 | Leave a Comment
I did not load up on DRS but it sure was hot at the time and I had no problem making it a larger long since there were not many to begin with that looked like this. Around this time, I was more focused on getting long ATVI, THQI, and TTWO (tomorrow) than getting long DRS. But the chart was hot and it was obviously a strong stock in a very weak market. By the time the very long uptrend (long considering the 9/11 attacks did not crush this stock) was over, the stock put in a 154% gain in six months. Not bad at all!!
THQI 3-23-01 to 6-29-01
January 11, 2008 | Leave a Comment
This one followed ATVI as it showed up the very next day with a very green chart (which was very very rare during this time), on the short-term, and since this was a top sector it was impossible to pass on ATVI’s brother. By the end of the run, which was a little over a week later than ATVI’s top, THQI produced a 65% gain in a little over three months. I know this doesn’t sound like a lot, but as you will see by the end of the best winners series of early 2001 there were very few green to max green BOP beauties that setup in proper bases. Most when they broke out were either too extended or the ones that bounced off the 50 DMA with max green BOP came from severe downtrends. Very few looked like the stocks you see posted here.
ATVI 3-22-01 to 6-13-01
January 10, 2008 | 2 Comments
This was not a stock that I loaded up on but it was a stock that I bought a good amount of because it was a “video game” stock and despite the horrible market that we were in this group was running. ATVI was not the only stock I was long in this group at the time. I was also long THQI which was seen as the better of the two companies. However, this stock had a much nicer chart at the time with the max green BOP. THQI was missing that. But since the group was so strong and the stock was setup in such a high reward/low risk area, it was impossible to not buy a lot. By the time the top was put in a solid 75% gain was made in two months and three weeks. Not bad at all, considering the health of the market at the time.
AOI 1-16-01 to 6-1-01
January 9, 2008 | 4 Comments
This was one that I loaded up on since it was in a top sector (tobacco) during the current market and the breakout came on the third day after a follow-through. At the time I was almost for sure we bottomed as the Nasdaq rallied over 14% on 1/3/01. So the follow-through appeared to be the real deal and the stock was hot. But the market rolled over the next month, killing that rally. However, AOI continued to rally and by the time this stock topped you were rewarded with a 91% gain in 4 1/2 months. A great return in a horrible market. This goes to show current traders that it is possible to make good gains on the long side even in a bearish market environment.
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