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Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns:
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To: John Pitera who wrote (5220)6/27/2017 12:25:44 PM
From: The Ox  Read Replies (2) of 8239
 
Thanks, JP.

The Auto Parts companies looked way overdone back then and I'd say that you hit the nail on the head at the time! I believe my mentioning of SAM as another solid short candidate encouraged you to mention your short "favorites" at that time. I've put TAP on the reversal watch recently but I could just have easily put SAM on it.

Message 30204482

Patience is often a key element in waiting for a reversal. Not always, if the timing of putting them on the list coincides with the market waking up to the possibility that the issue is actually oversold and simply in an overextended momentum move.

For the past few months, if not longer, I've been trying to put larger companies on the list vs. many of the micro caps I used to track. The data in the "Removed from Reversal Watch" portfolio is based on the lows that were hit while the issue was on the watch. Keeping in mind that it's nearly impossible to purchase at the actual low of these moves, the rebound % shows the maximum possible gain, so take it with a grain of salt, so to speak.

I'll put AZO on the reversal watch list as a proxy for this group. It's fallen far enough to start tracking (based solely on the chart view). I haven't look at fundies in these companies in many moons, so it may have a lot farther to fall if the underlying financial data doesn't support the shares at this price.



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