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09/17/2012 Weekly Stock Scans

09/17/2012 Weekly Stock Scans

Postby Cobra » Sun Sep 16, 2012 11:28 am

Mostly strong stocks consolidating before breakout. Chinese version is here: http://www.hutong9.net/forum.php?mod=vi ... tid=186670

Some, say, NCT, just had a breakout, hopefully a pullback the next week.
Some, say, SWKS, CX, WYN had a breakout then pullback to test the breakout point, maybe a 2nd entry.
Some, say, RGR, URI, ALLT, AKAM, could be C&H or H&S Bottom.

Anyway, if you have some experiences, you'd know all those stocks are not at all picked at random. I did spend sometimes reading hundreds of charts. If you have question about why particular stock was picked, please do not hesitate to ask, I'll explain why the chart looks good to me.

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    The main idea is to scan very strong stocks forming possible buy setup. All stocks must have 3 month average volume above 500K and the current day volume above 200K.
    Will try to avoid bio tech or pharmaceutical related stocks as risks are high for those kind of stocks.
    No consideration of the broad market trend, the ER time. Those strong stock would sell off hard if the broad market corrects.
    It's auto scan. Not a stock recommendation, trade with your own risks!

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Re: 09/17/2012 Weekly Stock Scans

Postby Cobra » Sun Sep 16, 2012 6:40 pm

As requested in Chinese forum. Here's where I picked all those 20 stocks. The list are all strong stocks. Please note, this is a complete auto scan, no human action involved, so you need do some work to select your own stock.
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Re: 09/17/2012 Weekly Stock Scans

Postby Cobra » Fri Sep 21, 2012 9:21 pm

not much gains this week although most stocks still look good. I've eliminated 5 stocks that I'm not sure anymore, the rest 15 still are good to go. This should concludes this week's pick. Will have new picks for the next week in the weekend.
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Re: 09/17/2012 Weekly Stock Scans

Postby lazytrader » Sat Sep 22, 2012 10:17 am

Cobra,

What time frame are you looking for the stocks to perform and what is the exit condition. Just do not want to bother you during the week.

I like CTRX and AKAM...GET needs more time...and you agreed with me...removing CHK.

Thanks
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Re: 09/17/2012 Weekly Stock Scans

Postby Cobra » Sat Sep 22, 2012 11:14 am

lazytrader wrote:Cobra,

What time frame are you looking for the stocks to perform and what is the exit condition. Just do not want to bother you during the week.

I like CTRX and AKAM...GET needs more time...and you agreed with me...removing CHK.

Thanks


I usually don't set fixed time frame. Most stocks chosen are in consolidation, so I'd buy on breakout and set huge stop loss because they're all strong stocks, so in the end they mostly would be up. Anyway, back to buy breakout, once breakout, it'd move fast because they consolidated a lot before the breakout, so I should have some profits soon, I'd take some and put a breakeven stop loss to have a free run. So I don't set fixed time frame. But the bottom line is, all stocks chosen are strong ones, so as long as your stop loss is big enough, mostly you'd win something.

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Re: 09/17/2012 Weekly Stock Scans

Postby lazytrader » Sat Sep 22, 2012 11:29 am

Thanks..Cobra

Want to share a i site visit. Good analysis on stocks for short term traders.

http://thechartbox.blogspot.com/
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Re: 09/17/2012 Weekly Stock Scans

Postby Cobra » Sat Sep 22, 2012 6:01 pm

lazytrader wrote:Thanks..Cobra

Want to share a i site visit. Good analysis on stocks for short term traders.

http://thechartbox.blogspot.com/


Thanks.

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