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  • PatternDNA Long & Short Update from March 18th 0 comments
    Mar 25, 2011 7:32 AM | about stocks: BKE, BPO, DEER, GRMN, MFW, HRBN, LIWA, STV, SXL, USNA

     As a break from Jim Cramer we took a look at ten value picks as offered by Boris Senderovich. There wasn't a whole lot on offer, with Harbin Electric (NASDAQ:HRBN) offering the strongest pattern going forward with honorable mentions to Brookfield Properties (NYSE:BPO) and China Digital TV Holdings (NYSE:STV).

    Harbin didn't disappoint. It finished the week up 8.5% and fulfilled all three of its projections for a higher close. The Average Return per Trade (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%) was 8.1% and is on course to hit the Trail Target which kicks in on a 15% gain. 

    China Digital TV Holdings (STV) was the strongest performer, finishing the week up 15.7%. While, Brookfield Properties (BPO) closed with a more modest 2.0%.

    Where PatternDNA projected a greater than 60% chance of a higher close there was an 88% success rate (the average success rate for PatternDNA projections is 55%). Eight of the ten stock closed higher by the fifth day.

    Worst hit was Deer Products (OTC:DEER). PatternDNA didn't offer any strong incentive to buy or short - but it closed the week down 25%. This brought down the average return for the 10 stocks to a loss of -0.3%. 

    Overall, a strong recovery following the prior week's turmoil. 

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