Free Mentoring

I've been reading this thread every now and then.

Brandon,

I believe that your willingness to mentor is sincere.

I can't remember where I heard these quotes before but I thought I would share it with you.

" A good name is rather to be chosen than great riches."
" If only I have to pass this world but once..."

It seems that you have already achieved the "riches" part and are willing to contribute something good to humanity.

I really do hope you get better.

Ares
 
Quote from Brandonf:

I'd like to repost a "report" from my Rational Thoughts thread here so that those of you who will be partaking in my mentoring group can have something of an idea about what I do. I'd also suggest you look @ my blog which is located at www.brandonfredrickson.blogspot.com. It's free and I anticipate it always being that way.
Attatched you will find a chart of Lindsay Corp which trades on the NYSE under the ticker Symbol LNN. Lindsey manufactures self propelled irrigation systems for the global agriculture industry. This is a group that, obviously, as world populations continue to grow, and the ranks of the middle class explode, is a very in depend group and area.

When I look for a stock to buy or sell I always start off with a chart. For the first six and a half years of my trading career I was a 100% technical trader, and while I now incorperate a lot of fundamental analysis (Anthony) into what I do, T/A remains by far my strongest skill. Each evening I will download TC2000 data onto my computer and scan through the 2000/2500 most actively traded issues of the day. This gives me a good broad look at the market, something you wont get looking at only a few setup based scanned patterns, or even by looking at the indexes themselves. What I'm always looking for is relative strength in an upmarket and relative weakness in a down market. Once I have isolated that I start watching for patterns to show up that give me clues about what a stock might be doing.

We can see here on LNN that on March 19th it had a HUGE up gap. That gap was not filled, which is very important. Most gaps try to fill in, those that do not often represent the very strongest names in the market. A few days after its large gap LNN did what most stocks will do in this type of situation and it rested. Stocks can rest in a variety of ways, they can trade sideways, or slightly down (such as LNN did) forming a flag. This high level and very tight flag that LNN formed is one of the very strongest patterns you are likely to see.

After I look at the chart I want to have a basic look at the fundamentals. In this case I see that LNN is part of an industry that is having a global expansion due to fundamental shifts in world population trends that are likely to continue. The stock has had solid earnings and revenue growth going back the last three quarters. The most recent qtr saw EPS increase by 276%, which is well above the 25% I like to see. Not only is EPS growing nicely but this is a company with very little debt, decent cashflow and a respectable 12% return on Equity. So, when I combine these things with the technical I have a picture I like IF the stock confirms my opinion is a valid one.

For me the only way for a stock to prove its validity is to trigger an entry. In the case of LNN I had my buy order placed above 103.50 and had an average entry of 104.11. In more "ordinary" market conditions I'd be inclined to give a stock like this a lot of room to move around once I got in, but in the case of LNN that was not the case. My first concern came about on the very day I bought the stock in that volume was not all that heavy. Yesterday the stock started off very strong, but pretty quickly turned to the downside and triggered my trialing stop loss around 109.50.
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Well done, Brandonf,

So far the Lindsay corp is faring fantastic. Around 22% in 3 weeks. I was affraid it may fill the initial gap, but it kinda made a small one 2 days ago.
May be a good opportunity, but I had many bad experiences buying tops. So I'll just paper trade this one for now. Wait and see.

Take care
 
Quote from yiehom:

Well done, Brandonf,

So far the Lindsay corp is faring fantastic. Around 22% in 3 weeks. I was affraid it may fill the initial gap, but it kinda made a small one 2 days ago.
May be a good opportunity, but I had many bad experiences buying tops. So I'll just paper trade this one for now. Wait and see.

Take care
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Those types of gaps on those types of stocks very rarely fill. I'm not sure if Toni has kept the link up or not. I used to have a camtasia video of it that many here have seen on Toni Hansen's site, but I think when she moved servers she took it down.

In any case, I've picked a hell of a week to hide out on my pitty pot, which is pretty much what I've been doing I guess. Have a lymph node on my inner thigh that is about twice the size of my thumb and hurts like a mother. I've been pretending it wasnt there for about 5 or 6 weeks, I thought my doctor was ready to strangle me, but she's just a little Thai lady. Anyway, so I go in for surgery tomorrow to have another nymho node taken out. I swear by the time this is all done I wont have any sex drive at all.

It's a quick in and out thing, so i should be back by the end of the day whining, bitching, complaining..the usual.
 
Quote from twang2:

wow
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Yeah, I'm fabulous I know? :))

Here are some things just for humor, and it might only be to entertain myself, but honestly at this point I dont give a damn.

I just noticed this, but the Cancer Center at McFarland Clinic where I've been getting treated is called the William R. <b>Bliss</b> Center. No shit, look it up. I could not have come up with a better name even if I was trying.

The doctor I have treating me is from either Burma or Thailand, I cant remember. At any rate, whenever she is talking about my lymph glades and lymph nodes it sounds it sounds like she is saying your "nymph" nodes. Man at this rate, at how they are killing them and cutting them out..I aint gonna have any sex drive at all by the time this shit is all over with.
 
I'm going to get a gmail account setup in a week or two as I recover more from this latest self inflected health ordeal (really this one was kinda my fault). I will set that up, give you guys a week or so to contact me then get going on the course.
 
Quote from Brandonf:

Well Toni doesnt still have it up, but I do. Thought the site expired. Here is the link on gaps. http://www.brandonfredrickson.com/gaps.html
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Sorry Brandon, but I think it is improper for you to come across on the free mentoring shtick and misuse EliteTrader without paying a sponsorship, when the purpose of your site is this:

"EARLY REGISTRATION DISCOUNT: If you sign up before Aug. 12, you will receive the entire workshop for $995 ($300 off or 23% off the regular price). So act now as this Live coaching event will sell out!

REMEMBER, THIS EVENT IS ONLY OPEN TO 10 ATTENDEES, FIRST COME FIRST SERVE - NO EXCEPTIONS.

ADDED BONUS: If you sign up by August 12th I will also include a THREE Month subscription to my Live Hotcomm Trading Room. This is a $1230 value. I AM PAYING YOU TO ATTEND THIS 100% MONEY BACK GUARANTEED COURSE. You will get over $2100 in free services and products by signing up now for $995. DO NOT DELAY. There are only THREE spaces left for this course. This is the LAST TIME it will be offered again.

If you are giving your services completely for free that is one thing, but this blows a big hole in your credibility. Riding the coattails of ET violates the terms of service (as you well know).

I know you will likely come to your defense, and you may justify yourself under the wrap of helping others, but other sponsors pay for this right. And many websites offer lots of freebies. You should pay also, instead of surrounding your intent of making $$$ by playing the part of good-guy, free help, sincere, suffering from cancer, etc.

Some will likely rally to your defense, but if you have the right to free publicity to make $$$, then so should everyone. That is part of the reason nonsignatures were disabled, to keep people from getting a free ride. Having heath issues is irrelevant. Fair is fair.
 
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