Margo's Swing Journal

QQQBALL,

My writing skills suck, but I'll try to add more to each setup.

I don't consider the fundamentals at all and realize I should. Unfortunately, I don't even know how to calculate the P/E ratio.

The only thing I look for and I'm not even sure if you'd consider it fundamental analysis is the float size when I trade a CANSLIM type breakout. The smaller it is...the more likely I'll play it.....if the volume is present on the breakout.

Before you laugh, please realize I know I'm pathetic.

Originally posted by QQQBALL


yeah, lighten up. somone takes the time to post potential setups and all some folks can do is ask for more. id like to see more comments on the setups.

like, i love NDN. i just closed my long position (scaling out) over $27 and i wouldnt short it (personal preference). but the set-up looks good and the p/e certainly isnt cheap. maybe the strength of margo's approach is she doesnt tweak it with findamental bias?

margo, do you consider fundamentals at all?
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babe714,

Not at all.....that would be wayyyyy too much risk for me. The low risk trade and the way I'll be going in is to short at the TOP of the UPPER TRENDLINE, which appears to be between $70.00 - $70.50 with a stop on a move over the trendline....maybe a 1/4 of room of so if you wanna keep it close. If a trader wanted to give it a little more room, he/she could reduce the size of their position and place their stop at the March 2000 high of $72.13.

Originally posted by babe714
Would your trigger points for CTSH be similar to those you used for JCOM , i.e. shorting at a break of the prior days low @ 67.53 with a protective stop at the prior days high @ 70.43 . Was wondering because that would be a pretty loose stop .
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Another parabolic move up out of thin air that I'll short as close to $50.00 as I can. Since a move over is unlikely to sustain itself, I'll carry a loose stop on it and trade it with a smaller position.
 

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These are the kind of longs I've been looking for over the past couple of weeks other than the bounce setups. Unfortunately, there aren't many to be found. This is a weekly chart and appears, IMO, to be setting up into a bullish inverted H&S pattern. Notice the symmetry between the 2 shoulders.......if I had seen it back in June - July, I'd probably already be long. As it stands now, I'll go long on a strong move over the neckline IF the volume is there.
 

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Yep, this one is thin as hell but it sure looks explosive. It's a weekly chart with almost 6 years of consolidation. I'm going long over resistance of $1.00 with an initial target of $1.60. Keep in mind I have no idea what the story is with this company.
 

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I've traded this several times, and I don't think I've ever made a nickel doing so. I'm looking to establish a pilot short in this as close to the stick highs as I can get it with a tight stop.
 

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Originally posted by margo_trader
QQQBALL,

My writing skills suck, but I'll try to add more to each setup.

I don't consider the fundamentals at all and realize I should. Unfortunately, I don't even know how to calculate the P/E ratio.

The only thing I look for and I'm not even sure if you'd consider it fundamental analysis is the float size when I trade a CANSLIM type breakout. The smaller it is...the more likely I'll play it.....if the volume is present on the breakout.

Before you laugh, please realize I know I'm pathetic.
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i just want to be clear. i was only asking if you considered the fundamentals, i wasn't saying you should. i have traded MIMS, which has good fundamentals and a crappy balance sheet, which along with some management missteps moved the stock from $20+ to near $5 in the past year - all the while, the company has been growing earnings nicely. also, i was just noting that NDN is a favorite on the long side (for ME). lately, ive been thinking that MY swing trades should be taken off of technical setups only, or perhaps a quick IBD scan?

why do you like the small float stocks?

i dont think you're anything but great!! these setups are awesome. i was doing well last year swing trading until i blew-up a bit and devoted time to an intraday QQQ trding strategy. im looking to starting "swinging" again in 2003.

good luck!
 
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