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I will reserve the other stellar March seasonality picks for my 12631 subscribers, but you should know that I have used The PPT Seasonality feature to discover that McCormick & Schmick’s Seafood Restaurant has been a winner every single March since the firm had its IPO back in 2004. Beyond that, MSSR has an average return of 20.55% in March. While a data sample of six years is no guarantee of anything, the daily annotated chart below certainly supports the notion of another March full of good eating for MSSR longs. For your reference, I have also included The PPT precise Seasonality statistics below.
Disclosure: I have no position in MSSR.
UPDATE: Earnings on 03/01/11.
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Low volume…
Overall uptrend…
The problem I see with these seasonality picks is intramonth volatility. For example, in March 2009 MSSR opened the month at $2.27 and closed up strongly for the month at $3.90 but its low in the month was $1.46 so I guess most people would have been stopped out. In 2006 and 2008 the intramonth low (low month to open month) was around 11% according to my calculations so you could use a stop of this size…
Can send you my Excel spreadsheet if you like.