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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: KymarFye who wrote (81041)	7/31/2001 12:10:44 AM
From: Boplicity	Read Replies (1) \| Respond to of 99985

You are correct, notice the PE in the 30's, not bad for stock that has gone up 700%. I was not saying those stocks where all good longs, just that you would be hard pressed to make that kind of $ trading and worrying about the direction of the market off the clear bottom in April. B

To: KymarFye who wrote (81041)	8/4/2001 3:00:41 PM
From: OZ	Respond to of 99985

. I presume there's a REASON for what's been happening with it, but, almost regardless of what's been fueling the skyrocket, it's gotta come back Sounds like what the investors were telling me during the bull market when I was trading things with PE's over 500. The fact is that many stocks are in their own little bull market and behaving even stronger than the bigger ones did in the bigger bull market. When the bigger market was stronger I never even looked at stocks below 20.00 but recently I decided to start trading cheaper and less popular stocks in my 401k account since I realized that they are much easier to swing trade and for huge gains. The moves I have seen out of pullbacks range from 20 to 60 percent with many going as much as 100 percent!!! The contrarian in me finally decided to "get over it" when it came to the "Never trade stocks that are not" blah blah blah. What I have found is that the T/A on these is much easier and I think it is because I am competing a very non professional group of trader/investors. My trade list is found by using an uptrend/strong basing stock scan I wrote for my TC2000. It is set to find stocks that are between 3.55 (which may have pulled back from 6.00) and 15.50 with a minimum avg. volume of 250K a day. My first attempt was HHNT at 4.45 on 7/13. It had pulled back from around 5.50 on hardly on volume of about 200K a day when compared to the upside volume on the previous rally of about 2 million a day!!! Look at the daily for yourself with your daily volume bars (color coded) turned on. It was like taking candy from a baby. I got out of the long about 6 day s later at 6.20 for a 39% gain based on the weakening volume of that up day. Many (most) of these are not the best day trading stocks but make great swing trading stocks. Here is a list of stocks from my scan that I ran at the time with just a few more added to it. Notice how many rallied from pullbacks and consolidations since that 7/13 date. I put them here in a format that you can copy and paste into a txt file to import into whatever program you analyze stocks in. MOVI was originally on my list too but ended up getting screened out when I lowered the price max on the scan. Good Luck, Oz ADPT AETH AHMH AKLM ALOY ANSR APOG ATYT BKUNA BLTI BORL BPRX BSML CCEL CCUR CNXT CORL CPWR DLIA DTHK ELNK ESST FLWS GNBT GNTA HELE HHNT HLYW HOTJ IDCO INTV ISSI LBRT MDCI MIMS NOVL OCAS OIIM PARS PBSC PCLN PETM PKTR PMTR PSSI QMDC RAIL ROXI SABA SANG SBSA STEI STXN TBCC THOR TOPP UNWR UPCS WFHC WGRD XICO XYBR