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John Ward
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Equities trader. I currently live in California. Email: john.authorego@gmail.com Twitter: JWard_73
  • September, 27, 2010 4 comments
    Sep 28, 2010 1:07 AM | about stocks: BIDU, AAPL, CRM, NFLX, MELI, NTAP, OPEN, ARUN, GMCR, AMZN, FFIV, PCLN, VMW, ROVI, RAX, TIBX, MMYT, ADTN, PAY, RVBD, APKT, CMG, LFT, ULTA, GOLD, PRGO, CXO, LOGM, OSIS, GSM, CIS, SFSF, ASPS, ZOLL, WLP, JOBS, SIMG, ACTG, CTSH, EZCH, VSI, BRK.B, IGTE, CYBX, ACOM, SVN, EBIX, SLXP, XXIA, PPO, HLF, RURL, SPRD, ST

    The market pulled back on Monday in rather orderly fashion, more or less, and seeing that volume was low it would be tough to look at the session in a negative light.  I’ve yet to see any evidence that would suggest this rally is anything but healthy, even in the face of weakness in financials.  Remember, we’re not economists, we’re traders/investors; our area of expertise is supply and demand.  The world might be ending, but if they’re bidding stocks up, we buy.  Execution is made that much easier by ignoring entirely both the political and financial media, including those websites and blogs that, frankly, are more guilty pleasure than anything.  Trust your own judgment.     

     

    “First tier” leadership is extended for the most part, though there are those that could be offering entries in the form of add-on bases like the ever famous “three-weeks-tight,” for example: RVBD, ADTN, PAY, ACTG, CTSH, ONE come to mind.  “Second tier” leaders are now making themselves known and I’d be at a loss to explain how this could possibly be a negative.     

     

    “A” Group

    BIDU

    AAPL

    CRM

    NFLX

    MELI

    NTAP

    OPEN

    ARUN

    GMCR

    AMZN

    FFIV

    PCLN

    VMW

    ROVI

    RAX

    TIBX

    MMYT

    ADTN

    PAY

    RVBD

    APKT

    CMG

    LFT

    ULTA

    GOLD

    PRGO

    CXO

     

    “B” Group

    LOGM

    OSIS

    GSM

    CIS

    SFSF

    ASPS

    ZOLL

    AGP

    CRIC

    HMSY

    AGP

    JOBS

    SIMG

    ACTG

    CTSH

    EZCH

    VSI

    BRK/B

    IGTE

    RES

    CYBX

    ACOM

    SVN

    EBIX

    SLXP

    XXIA

    PPO

    HLF

    RURL

    SPRD

     

    “Recent IPOs”

    ST

    CRU

    MOTR

    AUMN

    CIS

    KH

    IL

    MERU

    ONE

    RP

    MDMD

    HSFT

    QLIK

    The screens I run night in and night out continue to snag more and more stocks and both my watchlists continue to materially outperform the market; most importantly, my portfolio is up 146% YTD.  The trend is up and to fight it is futile, regardless of the problems our country may be facing....   



    Disclosure: Long: BIDU, CRM, NFLX, MELI, PCLN, VMW, DGP
    Stocks: BIDU, AAPL, CRM, NFLX, MELI, NTAP, OPEN, ARUN, GMCR, AMZN, FFIV, PCLN, VMW, ROVI, RAX, TIBX, MMYT, ADTN, PAY, RVBD, APKT, CMG, LFT, ULTA, GOLD, PRGO, CXO, LOGM, OSIS, GSM, CIS, SFSF, ASPS, ZOLL, WLP, JOBS, SIMG, ACTG, CTSH, EZCH, VSI, BRK.B, IGTE, CYBX, ACOM, SVN, EBIX, SLXP, XXIA, PPO, HLF, RURL, SPRD, ST
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  •  
    I agree the trend is up, and I'm not complaining. But with such light volume, if the trend stops being up, I'm afraid it ends badly. In 1999, stocks went up because they went up, and then everyone realized that invented metrics don't produce earnings/cash flow/economic health. Then the trend was down-down-down.
    28 Sep 2010, 08:53 AM Reply Like
  •  
    While volume overall hasn't been anything to write home about, leading stocks are getting quite a bit of action and aren't exactly portending an end to the trend just yet. Of course, if leaders are taken out one by one and shot then it'll just be a matter of adjusting one's exposure accordingly. If the trend were to reverse, it would be appropriate the operate on the short side. Still, as things stand today, we're pretty far from that. In fact, I'm seeing my "leader-list" expand and, not only that, to far outpace the market. While a healthy pullback is certainly possible, the market looks primed to move higher based on the current evidence.
    28 Sep 2010, 12:48 PM Reply Like
  •  
    Nice work on BIDU. Thanks for posting your trades at Covestor.
    29 Sep 2010, 02:47 PM Reply Like
  •  
    Thanks, Abe. Both BIDU and NFLX have been good to me. With the market continuing to offer up a bevy of intriguing set-ups, it would appear that we can expect even more upside.
    29 Sep 2010, 08:55 PM Reply Like
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