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Nov 18 2009 10:45AM 0 negative votes 0 positive votes  |  (permalink)
CashSits
Posts: 8
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Finding Plays

Being in the Boom Factory I see a lot of stocks come up that seem to be "in play" / "trading potentials"
For instance the stocks talked about in the set-up email lists by Leigh and Kunal; where do you guys find these?
Where are places I can look to find stocks that are "BOOM factory" compatible
Do mind that I'm fairly new to trading this actively, so any advice at all will be helpful.
If you use screens: what kind of criteria do you typically use?
 
Nov 18 2009 3:21PM 0 negative votes 2 positive votes  |  (permalink)
kunal00
Posts: 68
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Quoting CashSits
Being in the Boom Factory I see a lot of stocks come up that seem to be "in play" / "trading potentials"
For instance the stocks talked about in the set-up email lists by Leigh and Kunal; where do you guys find these?
Where are places I can look to find stocks that are "BOOM factory" compatible
Do mind that I'm fairly new to trading this actively, so any advice at all will be helpful.
If you use screens: what kind of criteria do you typically use?
 

Reply: I have hundreds of stocks that Ive tracked for years. i just know them.  Also google finance.  If I see $drys run then I can go to google finance put in the ticker and it will give me the related companies. I then look at the charts, news,and then fundies.
Nov 18 2009 4:08PM 1 negative votes 1 positive votes  |  (permalink)
stockgod
Posts: 62
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I have a massive watchlist, people send me stuff all the time.. I get a feel for stocks and know when they start moving.  I do research and try to find the bottoms when possible.  There's no science to what I do, just good money management.



Nov 18 2009 4:30PM 0 negative votes 0 positive votes  |  (permalink)
CashSits
Posts: 8
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so, Its more of just being aware of what's out there and getting to know them? Did I phrase that correctly?
Nov 19 2009 4:14PM 0 negative votes 0 positive votes  |  (permalink)
kunal00
Posts: 68
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Quoting CashSits
so, Its more of just being aware of what's out there and getting to know them? Did I phrase that correctly?

Reply: Not just that. sure thats important. But its great to find new plays things that nobody knows about!  Keep an eye on sector momo and then use google finance to find companies in the sector that are about to go.  I have a few hundred stocks that I track all the time on my watchlists. But Im always scanning for new stocks too that are pulling back from strenght in a orderly manner or stocks that are about to breakout.
Dec 3 2009 11:03AM 0 negative votes 0 positive votes  |  (permalink)
lukerockstar
Posts: 6
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Kunal- I hear you say this consistently, "use google finance to find laggards when a sector runs..." I have learned from you to look at the recent stochastics (5,3,3) to determine if it's oversold or overbought and also analyze the volume pattern (if it's showing more strength on green days than on red days). Finally, I have learned from Ryno that moving average resistance/support are good indicators of reversals, i.e. look for these laggards that are sitting on major SMA support with room to run.
 
huge caveat here: I too am still quite new to trading, but these are the lessons I have learned by losing. 
 
Kunal, Ryan, SG, Leigh- am I close here?
Dec 4 2009 4:03PM 0 negative votes 0 positive votes  |  (permalink)
kunal00
Posts: 68
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yes you are mr.lukerockstar
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