Stock Tools We Use

Lots of questions from time to time about this on forums/chats.

Answer is, practically nothing that costs money. I know a lot of people subscribe to high priced chart packages, news feeds, and other miscellaneous paid things. If it works for you, that's great. But it truly seems that a lot of people are more interested in a filter that is going to make them rich, or in a filter that is so good that they don't have to scan a few charts, than in finding a couple dozen good candidates from a simple scan and then watching the HOD list and price action.

Simple works best for Muddy, and I am a believer in this too. Besides commissions, the we pay for is $8.95 a month for Stockfetcher, the biggest bargain out there in the stock scanning universe we think.

We use:

8.95, Stockfetcher
free, Prophet.net for CHARTS, no RT, delayed
free, Bigcharts.com for NEWS and CHARTS
free, SCOTTRADE HOD list which is the greatest in the world!
free, Upcoming IPOs
free, EARNINGS
free, PREMARKET and AFTER HOURS trading

Send us better freebies! I know they are out there.

Going Long - RRI - Darvas Box Play

We found this stock in March and the chart looked good. To be honest, I can't remember how we tweaked the filter, but we found it by tweaking this filter on the first GOING LONG post with good volume and price staying above the MA(20). I think we liked this one since it had huge volume and was up around 50% in 6 months.

Anyway, we decided to buy it and play it with a modified Darvas box strategy. Meaning average up if the price continues to make new highs. (Apologies to Nicholas Darvas for my oversimplification, it's been a long time since I read his book.)

We bought 100 shares on 03.19 at $18.85. The prior close was $18.84 so we set the next box top at 10% over that, $20.72. When it closed above that on 03.22, we bought another 100 shares at the open at 20.12 (just luck on that entry due to a gap down that morning), and so on. We are now long 400 shares. Closed over the box top at $27.95 yesterday, so will buy another 100 at the open tomorrow.

Mental stop of 8-10% on the average share price. Up 28.4% in 3 1/2 months on the average cost of $21.77. Nice.

MOMO LIST 7/3

DCEL LOCM OPTN WWAT BCON WHI ZVUE CYCL GMO OCTL VOL RVNG DYNT SDTH WPL GST AKNS LGBT AIQ GSHO SMTX NPLA JAGH EGI OEGY AGT SGCR GNOLF GZGT VMED IOC FRPT JASO ARGN SOLF CSCT RNIN ACOR APAC EGAM

BEATEN DOWN LIST 7/3

MRVC TRMP TOA PSDV ADLS CRYO PTT RCAU FICC MLTO FCSE CORT SOIGF CYTO MPZ TSYS KOG VWPT INNO ZILA

Going Long Port Update Update

Just so sweet today I had to post a picture. Up about $4300 today on the port. I have real shares in only two of these stocks. This port is working so well though, I plan to re-balance to mirror this port.

BEATEN DOWN LIST 7/2

COMS IOC PPHM PKTR AHM SPAR AIS MMCE GVHR CBAK VRNM MOVI EPCT APAC XNL UVSE IDSA DSTI PDRT LPHI

I run this list every night, along with the MOMO list and the DAYRANGE list(once every week on the weekend), total time spent a week about 1 hour.

Imo, running these lists month after month,year after year gives one a tremendous feel for the market in general, sectors, former past runners, stocks that are being followed ("live watches") etc.
I have gotten a huge edge I believe from doing this simple task over time.
Trading , especially trading for a living requires one to have an edge over the general public.
This is mine.

MOMO LIST 7/2

LOCM CRYO BCON AKRX RVNG GMO AVR AEZ RCAU GDLN INNO CMKT KONG FOLGF CVAS ADLS CTHH IAGX GENR MVISW IDVE TMTA GZGT NSOL OCTL ARGN CHNG MVIS SFE ICGE CHCI YCKM CTHR INHX LLNW KMGB ZOLL AZZ PENX EVST

DAYRANGERS WEEK OF 7/2

LOCM CRYO NFI WHI ENCY RVNG GMO DRL DESC VRNM INPC APIO OCTL EPCT QTWW USEY RCAU CSUH DIO DSTI ALTH CHNG TMY XNL ASTI INNO PYTL FOLGF CVAS NBF ADLS CNIC UVSE PLKT SUF PTT WWAT BCON CBAK ACPW

FAST AND FURIOUS MOVES ON RECENT IPO$

Every once and awhile a recent IPO will just bust out with a fast and furious move.
Luckily I was at the HOD list when it happened on back to back days last Thursday and Friday.
I caught both right at very near their beginning runs for very good quick profits on both.
Thursday there was INFN and Friday was LLNW.

Look at these MOVES!!

MACE, something up or not? Don't know

Anyone have info?? Here is all I know:

MACE in the past has run huge on news. Not too exciting the past couple of years, (actually really boring now) but before that, it was an "Oh Baby" stock. Ran huge at times like ABLE, GEOI, GOAM, and TBUS.

The site I use says it reports earnings tomorrow, 07/02/07. Can't find it on other earnings calendars, so caution here. But, I read that they had accounting (aka embezzlement) problems and haven't reported YE 2006 yet.

Average volume 22 days is 11,000, 100 days is 19,000 shares. On Thursday, it traded 6,950 shares. On Friday, 06/29/07 it traded up 4% with 305,000 shares traded. Pretty big volume increase.

Fundamentals don't look too bad either for one of these small cap POS stocks. If I felt like doing real due diligence I would go visit them since they are headquartered a few miles from where I work. But Muddy's laziness is rubbing off on me and I am sure I won't do that.

Going Long Update

I'm a few weeks late on the long port update but here we go; re-balancing this weekend. I am going to use the closing prices on Friday, 6/29/07.

Quick recap on the huge winners so far:

CF up 107%, annualized gain is 256%
TRA up 84%, annualized gain is 202%
NAVZ up 60%, annualized gain is 144%

We started with $100,000 on 1/29/07 and the port is worth $113,690. That's 13% in 5 months, so the port is up 32.8% annualized. AVCI killed us. If that one had just been breakeven the port would be up about 41% annualized. But this is a buy and forget it paper portfolio so no worries. If I were playing this strategy for real (which is in the works), a 20% stop would be what I would do.

Cutting these: NTY RYI RKT AVCI DYN FRG SBGI TTEC
Adding these: KMGB BPHX GTLS LPHI ICOC GTI IMMR
I stuck to the original filter (search "Going Long" for the other posts about this port) and then saw bunches of Episodic Pivot breakout stocks on the list. Thank you Pradeep, new port heavily weighted to these babies.

Anyone else playing this kind of port? I think we should be adding to the CF and TRAs as we cut the losers. We haven't done this with this port trying to keep the returns simple to see. But I think we should.