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  • Long & Shorts Update from February 10th 0 comments
    Feb 17, 2011 9:31 AM | about stocks: RIO, VALE, TIF, VLTC, LVS, DCTH, CELG, CMI, PCAR

    How did Jim Cramer's Lightening Round picks for last week perform? There were eight bullish calls: Rio Tinto (NYSE:RIO), Vale (NYSE:VALE), Tiffany (NYSE:TIF), Motricity (MOTR), Las Vegas Sands (NYSE:LVS), Delcath (NASDAQ:DCTH), Celgene (NASDAQ:CELG) and Cummins (NYSE:CMI), and one bearish pick: Paccar (NASDAQ:PCAR).

    PatternDNA had a mildly bullish outlook for the week across the majority stocks, with Vale (VALE) the only stock where PatternDNA held a dominant bullish projection for day 5 at 67% probabiltiy for a higher close (against the next day open of the Pattern).

    In the end, stocks were driven higher with the exception of Delcath (DCTH) which finished down -5.9%. Motricity (MOTR) took the most glory, finishing up 13.0%, but all stocks outperformed what were fairly modest projections by PatternDNA standards.

    Of the PatternDNA Average Return projections (Average Return Per Trade assumes an initial stop of 10%, raised to 5% off the price reached on a 15% gain. Ultimate Profit Target of 25%), Vale (VALE) had the highest projection at 7.2% per trade, followed by Motricity (MOTR) at 6.1%. We know what Motricity did this week, but Vale (VALE) did okay with 5.9% . Again, these figures are comparing a weekly return to one using a trailing stop and defined target of 25% - but from the standpoint of looking for winning trades both Motricity and Vale are right on track.

    So PatternDNA had a good week. The two picks which had the highest win percentage on day 5 (VALE) and the highest probability of a winning trade (MOTR) both performed strongly.

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