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It Pays To Follow Leading Stocks

|Includes: AAPL, AMZN, BIDU, Netflix, Inc. (NFLX), OPEN, SNIC

In our “follow the leaders” newsletter to our subscribers Wednesday evening we said:

“We do not chase buses around here as we’ve seen it time and time again where one jumps in thinking the short term trend is going to continue and then? WHAM 10-15 days worth of gains wiped out in 2 days. Those who like chasing stocks AFTER the fact? Good luck with that.

We do not do emotional things like that here. Consider yourself warned with AAPL, BIDU, NFLX and AMZN at these levels. Don’t get us wrong we love the companies. That’s not the issue here. The issue is these stocks are standing room only and are extremely extended — period, end of story.”

NFLX, AAPL, BIDU and AMZN are all pretty much the kingpins of this run in growth land. As you can see not one of them allows for any type of low risk long side entry that is unless you like chasing them and are willing to pay the price of one day 10-15 days worth of gains get wiped out in 2 days from chasing things.”

Now let’s look at the charts to review what’s happened since we said that last Wednesday evening:

PCLN THEN


PCLN NOW

NFLX THEN


NFLX NOW

Wow! 170.63 to 154.83

AAPL THEN

AAPL NOW

BIDU THEN


BIDU NOW

103.72 to 99.79

AMZN THEN


AMZN NOW


158.99 to 153.00


In addition to those, below is OPEN which is another name everyone had to have which here too we steered people away from. Below is what it looked like then.

OPEN


Here is what it looks like now:

68.85 to 65.33

In addition to that we also highlighted SNIC below:


SNIC

Since that time here is what is done:


So you see not only does following the leaders pay by showing you when to get in, it also shows you when to get out and most importantly what NOT to do.

What’s that phrase? $1,000 saved is $1,000 earned?

By keeping you away from these names a one hundred share position of each was worth a savings of $4,523!!!

That money was saved by following the leaders and listening to what their charts said vs watching the up up and away tape scrolling by.

To learn more, visit our blog site, sign up for our free newsletter and receive our free report — “How To Outperform 90% Of Wall Street With Just $500 A Week.”

Disclosure: No positions