New Longs: VIVO HRL XIDE CXG YTEC GEOI
New Shorts: TSRA
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What do you think of ABPI as a long?
OMG! No way. UGLY chart!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Does that look like any of my past big winners?
sub-$3 stock. Do you know CANSLIM? That is what we stress here. There is NOTHING CANSLIM about that stock and the chart pattern is HORRIBLE.
Please, stay far away and go to the Longs section and study ALL of my past big winners and study ALL of my best stocks in 2006 and 2007. YOU WILL NOT FIND ONE CHART EVER that looks like ABPI now that launches a HUGE run like I nail with the chart patterns I buy.
Run far away from this nasty ugly CHEAP stock. YOU GET WHAT YOU PAY FOR IN LIFE AND IN THE STOCK MARKET. Stocks sell for $3 for a reason.
Reminder:
CAPS and !!!!!!!!!!!!!!! = not yelling
CAPS and !!!!!!!!!!!!!!! = emphasis (trying to beat it into your head)
Hi Josh,
I know this isn’t a stock, per se, but DBA seems to be the best way to play wheat, which is what everyone wants around the world now that our currency is crap. Do you have any thoughts on how to play wheat? If it were a stock, seems like it’d be poster CANSLIM.
Also, I hear the phrase every day that, “This market is on crack.” Seems closer to the truth that the Plunge Protection Team is buying futures and selling the VIX. If we’re due for a correction and the PPT is propping us up, how long can this last?
Take care,
Tom
DBA is parabolic. Please look at an arithmetic chart. If I had $5 billion to invest, I wouldn’t even put $500 in it. TOO RISKY!!
Now, that you have recognized it IT IS OBVIOUS TO EVERYONE and NO LONGER is a good long. You are VERY late.
I don’t play “wheat” per se. I am long a TON of commodity related stocks: CMP BVN AUY NEU CALM DROOY ABX MTL MCF
If we check out the short TSRA and the long VIVO, we can see it doesn’t matter which way the market goes, when you are using this style.
Nobody can predict the future. No one knows how long it will last. It could last one more day or ten years. Nobody needs to know how long it will last anyways. All you have to do is this: stay long stocks in an uptrend and stay short stocks in a downtrend.
PS: I don’t play stocks. I am an active investor and that is why my returns KILL every other contributor on RM.com over the long term.
GREAT LUCK, Tom!!!! Be careful in this market and remember cash is king!
Hi Thomas!
I think its better to play with Wheat is with JJG – iPath Dow Jones – AIG Grains Total Return Sub-IndexSM ETN. It contains: Wheat, Sugar, Soybeans, Barley, Cotton.
DBA like Maui said is parabolic, meaning it has MOVE TO FAR TOO FAST! JJG just focuses on the grains which are locked and loaded to continue their runs. ie Wheat, Sugar, Corn, and Cotton!
Thank you Market.
Excellent!! I specialize in stocks and did not know about these.
Thank you for helping Thomas.
REMEMBER EVERYONE: STUDY ALL OF MY PAST BIG WINNERS. MEMORIZE THE PATTERNS YOU SEE IN ALL THE BUYS. IF YOUR CHART DOES NOT LOOK JUST LIKE THAT, I WOULD NEVER BUY IT. PLEASE, REMEMBER THIS, THE NEXT TIME YOU WANT TO BUY AN UGLY STOCK CHART.
stocks and ETFs are different and that should be obvious if you know the CANSLIM methodology.
Thanks Josh,
It’s nice to be reminded what’s obvious to the rest of the world. People should be taking some profits soon on DBA… And thanks to your constant good advice I have been very careful to keep cash for the real opportunities.
And thanks for the look at ‘JJG’ MarketSpeculator.
Take care,
Tom
You are extremely welcome, Tom
Thank you for your question!