Below: On Wed, Apr 6, 2011 at 3:51 PM, positif01 <[email protected]> wrote:
> big play code: > > 52 / ath / lv mh / 4k > > '+' > 1) 52-week high close (April 06, 2011) > 52-week high close (October 21, 2010) for a period of 6 months breakout; how signficant is the breakout? 2) close (April 06, 2011) = all time high = no long-term overhead resistance relevant trading/investing rule: a) The 52-Week High Breakout Strategy attempts to buy a stock when the current day’s closing price reaches a 52-week high. (Fidelity Investments); b) William O'Neil: "Once a general market decline is definitely over, *the first stocks that bounce back to new price highs* [*for significant period of breakout*, +] *are almost always your authentic leaders*. *These chart breakouts continue week by week for about 13 weeks*. *The best ones usually come out in the first three or four weeks*. This is the ideal period to buy stocks...you absolutely don't want to miss it." (Finding New Leaders during Market Corrections in "How to Make Money in Stocks", 4th ed., p. 190) 3) valuation - lv mh expensive?...only if none or very few are left to buy. In MAPI case, check recent foreign net buying and accumulation activities. Who knows what? Sophisticated buyer? 4) target price pause looking at all ratios generated based on the past, start gazing into the going concern and the future. check all planned capex to justify projected earnings of all key future ratios. not clear enough, find out why there are still sophisticated buyers outside waiting for the ride, see number 3) '+'
