Super Stock Picker Forum

for a long long time i only watched but never bought anything from SSP's picked. DWI i almost bought, the next day it gapped up,  and i gave up.

LNR is the only stock i buoght. so far gained 7%. i hope that more gains may follow.

Dear SSP,

LNR is rising nicely, gained 4.82% for today, 14.57% for the week. i couldn't understand why SSP generated  a "sell" order for LNR? it's momentum is still strong in my view. I am so unwilling to sell this one. i have 8.9% gains after today's close.

Hello Jeff,

Indeed, LNR is still showing a nice momentum, but we use relative filters. Our system has then been able to find a lot of stocks with more momentum than LNR. Then, it become a sell.

Take care that it is not a good thing to fall in love with your stocks :-)

That being said, if you keep the stock a bit longer, our advice would be to place a tight stop order on it so that you don't loose all your profits too fast if something goes wrong.

Jeff
LNR has a great looking chart. Its "stepping up" nicely with low volitility. If your not a big risk taker, LNR is a better play then some of the other SSP picks.
Which begs the question;

Why is SSP selling LNR and holding dogs like ANP and AZD?

Bryan

thanks for all your advises.

i missed DWI back then before the gap up. now it got picked in V4. I want to follow this time and buy it on Monday. it seems to be another buying opportunity when it had some dips recently. what do you think? i only hope that it won't gap up again. i dare not to chase gap ups or big run ups.

Hi Jeff
The general TA rule is that a stock will retrace about half of its gains before turning back up again. DWI is still retracing. I don't own it but if I were buying I would watch for it to base around the $5.80 range.
My opinion is that its better to wait for it to turn up and lose some gains than to risk losses as it retraces. IMHO.
Bryan

Hi Bryan

thank you very much. i also noticed that DWI's MACD has crossed down. it may indicate that DWI may continue to retrace as you predicted. a safer way to buy is, as you said correctly, when it turned up, and even better, when MACD crossed up at the same time to confirm the new up trend.

I will keep watching DWI

again: thanks. 

It looks like DWI has based and is moving back up. I am in.
Bryan

Hi Bryan, thanks for letting us know. I followed SSP and sold my LNR.TO on Monday. looks like i did the right thing. the reason i sold it is not because the chart. On Monday when i sold it, the chart still looked good. i sold, because the volume has always been my concern. by the time when it really turned down, the gap could be big and i won't be able to sell it at the price i wanted. so i sold it while it was still "hot".

but i did not buy DWI. As a TA lover, i'd like to have all the factors as "perfect" as possible. DWI's MACD is still crossed down and haven't turned up yet. that prevented me from buying.

i think it's a good idea if we could share here what we bought and what we sold and why, so we can learn from each other.

DWI's MACD crossed up, bought some at 7.27. let's see how it goes!

DWI
I am also in at $7.31
Bryan