From the Trading Desk

TASR 7-22-03 to 4-19-04

TASR was by far “THE STOCK.” There was no doubt about the chart pattern it set up or the strength of the fundamentals it was producing. What could not have been known is the gain it was going to produce. While I was very lucky that the chart was so nice as to have me load up what came next was quite surprising. TASR gained a remarkable 2,390% in only eight months and three weeks. This was by far my best long during this time. There were others, like FMDAY, which I will go over in the future, that produced huge gains in short amount of time. But this was a clear monster stock with a beautiful price/volume/BOP pattern.

Video: TASR

the first buy:

tasr7_22_03__Large_.PNG

the second buy:

tasr7_23_03__Large_.PNG

the third buy:

tasr8_8_03__Large_.PNG

the final buy:

tasr9_17_03__Large_.PNG

the top for this current run and biggest sell:

tasr4_19_04__Large_.PNG

Comments

  1. Joshua-

    Thanks for these looks at your past trades. Can you share how you go about setting stops on a stock like TASR? I made good money on it but was in and out of the thing probably 20 times. I’d have made 10x what I did if I’d just held like you did. So… are you using ATR? Set % stop? And then do you sell in pieces or all at once? Thanks again for putting up these pics – always helpful to get as much info about someones style as possible.

    -Johnson

    • I am not explaining this again. I have explained how I sell SO MANY TIMES now I am not doing it any more.

      I have an FAQ page. Bottom line all professionals know how to sell and it takes years to learn. start by going to the learning center at IBD.

      Why do you guys trade so much. The damn stock never traded below the 200 dma. Why are you in and out? Why is it so hard to buy and go with the trend. I have no clue why you are a flipper but most pros couldn’t answer this. We just think trading out of a rising stock is retarded. We would never do this.

      I have said ONE TRILLION times that I average out. That should be clear by the partial sells.
      This is ALL answered in the FAQ and at IBD learning center.

      • Joshua-

        Didn’t mean to upset you with the comment. Sorry about that – I should have checked out the FAQ. I too trade for a living, professionally, and do quite well. There are many ways to skin a cat.

        It’s clear to me now that you are very much in a stock for the long term and will wait for a clear sign of a top before exiting.

        • not upset. i just don’t know what i have to do anymore to get people to go to the FAQ or anywhere else to read up on my style before asking me a question.

          I do apologize for being snappy but I am overwhelmed with emails and work right now. I don’t have enough time in the day to do all I want to do and when I get questions that are already answered I just get upset.

          If you think this is the first time I have been asked this since the FAQ page…LOL, you are wrong :)

          I am not mad but do know I am very clear about what i do: CANSLIM. If you know what CANSLIM is you know what I do.

          I sell the way the system tells you to sell, i buy the way the system tells me to buy. i throw in my own speculative trading along with it but it still applies the same technical reasonings as CANSLIM.

          there are many ways to skin a cat…but there is only one right way: CANSLIM

          that is why out of over 120 strategies researched by AAII, it constantly and consistently ranks in top 3 year-after-year-after-year. A 1,354% return to 55% is a clear answer to which strategy is the best. I know which one is. There is only one PROPER way to skin a cat but there are many ways to skin the cat.

        • Since 1998 to current:

          AAII independent trader’s return

          O’Neil’s CAN SLIM

          Return
          YTD: -2.8%
          Total: 1477.1%
          SP 500: 38%

          IT IS CLEAR TO ME WHICH STRATEGY IS THE BEST!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Notice the return for 2008. EVERYONE IS LOSING MONEY, FUCKING RELAX EVERYONE!!!!!!!

        • O’Neil’s CAN SLIM Revised 3rd Edition

          Return
          YTD: -14.8%
          Total: 619.3%
          SP 500: 38%

          obviously using smaller cap stocks as the first edition focused on produces a better return. That is why i focus on small caps. So what you are looking at here is the more active and riskier strategy at the top and a more conservative style here.

          I LOVE YOU ALL BUT I DONT LOVE SOME OF THE POOR-ME “HELP ME” ATTITUDES I SEE FROM 5-10% OF YOU. PROFESSIONALS DO NOT ACT LIKE THAT. WHY ARE YOU?

          KEEP IT UP PROS, YOU ALL KNOW THAT CASH IS PRECIOUS HERE AND NOT GETTING ALL WRAPPED UP IN THE MARKET IS THE WAY TO GO RIGHT NOW.

          MY FOCUSES NOW WITH THE MARKET ARE:

          SPENDING MORE TIME WITH MY GF
          NCAA TOURNEY
          HOCKEY PLAYOFFS SOON
          BASKETBALL PLAYOFFS SOON
          BASEBALL SEASON SOON
          RIP CURL PRO AT BELLS AT VICTORIA AUSTRALIA
          KEEPING MY CANSLIM WATCHLIST CONSTANTLY UP-TO-DATE

  2. Dave Hyde says:

    Looking at that I could see someone staying in because at no point did it close below the 50-day. I’d like to know how you see the tops though. Too high above its averages?

  3. I catch EVERY TOP!!!!!!!!!!!!!!!!!

    Learn at http://www.investors.com learning center. That is it!!!

    That is what and how I do it. If you are looking at these charts on arithmetic and you can not see the tops, I don’t know what to tell you. To me it is clear as day. Climax runs on huge volume, blah, blah, blah,,,,,,I have gone over this so much….blah, blah, blah…it is in my FAQ.

  4. Dave Hyde says:

    Thanks for the link. I should have clarified my part of the to ask what didn’t shake you out on Feb 11th and 12th when it went up 15% and 20% in successive days on large volume. I’m pretty sure that would have been a partial sell. It makes sense.

  5. LOL, the 11th and 12th? Why? 15 and 20% so what. that is nothing compared to the whole gains. those were REGULAR days. Nothing climatic. Of course, I partialed out on the way up. Listen I am extremely busy and when I sell ONLY 10% of something am not going to post it. ONLY significant sells are posted.

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