Stops and Market Corrections. A certain highly rated newsletter was just stopped out of Half of their Short Term, Intermediate Term and Long Term Portfolios in the 'mini correction' of april 27th. The losses were substantial, especially since they all went up in the aftermath. This newsletter was very honest in saying they goofed and should have lowered their stop. An example of some of the stocks stopped out were: AVEI, ORBI, LGTO, LUV, ABF, COST, TXI, SFSK, HBOC, DELL, PFE,TROW, THRX, MSFT, MLHR,ALK.
Posting a weekly watch list is fine. I do it with my own 'earnings plays'.. Although they are divided into 5 distinct days of the week. There should be a way to track everyone's stock every day of the week, Example: If at the beginning of the week your stock is down, and it picks up towards the end or vice versa.
If I enter a stock like AVEI on someone's watch lists and say it goes down 2 points, I get stopped out and the next day it goes up 2 and then goes up 1. Is that a good pick or not? That's why I try to call my 'earnings plays' and 'general watch list' stocks as they come into play since they can go down after earnings or not come into play at all. I try to do this judiciously to prevent having any of you enter a stock in a downturn and so far, I haven't had a 'tanker' that I've entered.
jenna
This weeks earnings plays:
marketgems.com |
