Taking 320K to 3.5million by Year End 2009

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IMHO, one of Neke's problems is that his journal is interactive. As a result, he is consulted by dozens of 'experts' during a time when he should be retreating to his 'den' & refining HIS strategies (not the strategies of others).

Opinions are like assholes. Everybody has one & they all stink.
 
My style is a different world but I say buy:

TNDM at 24-25ish if it'll let ya with a tight stop at 23.5. If it rolls up, it could retest 30+.

MVSN at open with a tight stop at 22.4 (should go to 28ish)

STAR at 22.8 with a stop at 21.9( may go to 28).

And....how bout ARUN at 7. (may hit 10)


NTES is a watch too.

Whatever doesnt get stopped out build up. And all stops are mental. Give it a couple weeks and see what happens... -Topher
 
Quote from topherea:

My style is a different world but I say buy:

TNDM at 24-25ish if it'll let ya with a tight stop at 23.5. If it rolls up, it could retest 30+.

PE of 30

MVSN at open with a tight stop at 22.4 (should go to 28ish)

PE of 442

STAR at 22.8 with a stop at 21.9( may go to 28).

PE at 26.91

And....how bout ARUN at 7. (may hit 10)

-5% earnings yield


NTES is a watch too.

PE of 20

Give it a couple weeks and see what happens... -Topher
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These are all overvalued. NTES not so much, MVSN grossly so. PE is too high for all of them in a slow growth environment.
 
Yeah I know they're running a bit hot. And ARUN is really outside of my comfort zone. MVSN to me is amazing that it continues up at it's valuation, and has been for the last 6 months without much volatility...(things that make you go hmmm..) But in contrast, look at the volatility on TMDN!

My reasoning is based on trend and averages. I know my advice wont be taken seriously. I'm just having some speculative fun.


If current valuation is a priority, these may feel more in the comfort zone:

DELL at 12.3 :eek:
FSYS at 22 :eek:
MYRG at 18.5 :eek:
FUQI at 14 :eek:

For me, as a one to four day position trader, trend, buy point and momentum outweigh valuation because my finger is always on the trigger to sell if the stock doesn't do what I think it will. Best regards

-Topher

P.s. Neke and all who follow this thread, I apologize for my intrusion.
 
First post here,

I have read the thread and I think all should take it for what it is, a gambling thread. I am not criticizing but most of the trades taken were not taken with a lot of logic or market insight thats just a fact. I never wish anyone to fail in their endevor but as Ed Seykota (or was it another prominent trend follower?) once said, everyone is getting what they want to get out of their decisions/strategies. Neke is taking huge risk and has to accept huge drawdowns as well, even risking a complete blow up of his account. So, I dont understand why some flame him for his decision to go this route. It never was nor will it ever be my trading style but hey, I am not Neke and Neke is not me. Good luck!!!
 
Neke,

Accept you prefer shorting... In strong markets, do little if anything. If you must, short the weak. Markets are seasonally weak in September/October and you'll make a mint then.

I asked last year if you use TA... seems you don't. At least use VERY SIMPLE price level analysis, forget the complex, useless stuff.

Psychologically, you are nearing a bad place. I have been here and trust me, a break is highly recommended. I refused to take one as I thought the time lost was lost profits but actually was the opposite. The time you are nearing is the fear zone which is hard to get out of.

Finally, the pressure of a public journal I sometimes wonder the effect it has on results. Why are you keeping a public Journal? To prove something? Fine, we all do this. The other reason "should" be to hopefully get some good pointers when you are suffering. There are some here that give genuinely good advice but it seems you are here purely to prove something as you clearly don't take advice (I did but only briefly). And please ignore the dolts that say "just one more trade and you'll....." What does that line remind you of?

I think the best sign of a good trader are flat lines on the equity curve showing the trader's discipline to do nothing when either they are in a funk or there are simply no good trades.

TAKE THE BREAK!! YOU WILL SAVE MONEY!! Can't believe I am giving the very advice I didn't take... What's the rush? Remember what Livermore said about the Wall Street fool that thinks he has to trade all the time.
 
Dont listen to these clowns. You are one trade away from doubling or tripling your cash. The stock market goes both ways, it takes, but it also gives to the righteous.

Just find one good stock and ride it up on full margin or ride these bad ones down...anyway, its time to get back to trading. Dont take a break or opportunities will be missed.
 
Quote from asiaprop:

First post here,

I have read the thread and I think all should take it for what it is, a gambling thread. I am not criticizing but most of the trades taken were not taken with a lot of logic or market insight thats just a fact. I never wish anyone to fail in their endevor but as Ed Seykota (or was it another prominent trend follower?) once said, everyone is getting what they want to get out of their decisions/strategies. Neke is taking huge risk and has to accept huge drawdowns as well, even risking a complete blow up of his account. So, I dont understand why some flame him for his decision to go this route. It never was nor will it ever be my trading style but hey, I am not Neke and Neke is not me. Good luck!!!
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First of all it wouldn't matter whether Neke had 300k or ten million. The only difference is that the road to ruin/capitulation would be a few more trades away.

Basically far right conservatives are to far left liberals as disciplined traders are to Neke's strategy.

Everything Neke believes is everything disciplined traders disagree with. Thats why they flame him.
 
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