iBankCoin
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Lumber Liquidating the Shorts

Here is a 12631 blog post I wrote for members back on August 7th. This is the type of analysis members regularly receive on top of many other features we offer, including our unparalleled chat room. For more details about joining 12631, please click on the 12631 hyperlink. 

Also, LL continues to look great. Note that the chart below was from the original post. The float is loaded with shorts to squeeze further. 

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Part of your 12631 membership includes continued education about The PPT algorithm and its inner workings. There are so many ways to use The PPT as a valuable tool that it is best broken down into manageable segments.

As an example, inside The PPT if you click on “PPT TOOLS” and then “ALL INDUSTRIES,” you can then sort every industry in The PPT universe by daily hybrid (fundaments + technicals) change (Hyb. Chg. Daily). Today, you can see by clicking here that “Home Improvement Stores” is the top ranked industry in the entire algorithm with respect to its change in daily PPT hybrid score.

You can then click on the actual industry, which will list its individual stock components. I did just that with “Home Improvement Stores” and came across the gem below in LL. While the broad market is not quite all there for me to be very aggressive yet, this is definitely a stock to watch going forward.

So, as you can see, there many ways to use The PPT to find actionable trading ideas.

 

 

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2 comments

  1. zephler

    hey Chess, any new insight on DMND?

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    • chessNwine

      Good action for the month of August. Looking to see if $19 can now turn into support. A strong September would do wonders the monthly chart.

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