NOTE: These charts were originally published on Saturday, November 20, in 12631, a premium service for members of The PPT. Click on links for more details.

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NOTE: Much of the content of this post was originally published on Friday, November 12, 2010, at 9:20 a.m EST in 12631, a premium service for members of The PPT.

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I made the decision to hold my DDS position through earnings. Frankly, I went out of my way NOT to publicize it because, as I am sure you know by now, I am not the biggest fan of earning gambles. However, in this case I thought that I had enough factors in my favor to hold. For most rules, there are exceptions. In the case of holding a swing trade through earnings, I believe you should be able to articulate your reasons thoroughly and as objectively as possible. Indeed, inside 12631 we may even establish a separate chat room–a Tribunal, if you will–where members who want to hold stocks through earnings must present their case to the Tribunal before actually holding into the report.

In the case of DDS, here were my reasons:

• Extremely constructive price action and outperformance in the days leading up to earnings. (EXHIBIT A: See chart below)

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• A low float combined with high short position–potential for huge squeeze (EXHIBIT B: Check any source, and although numbers may vary, there is still a huge short position in this name with a relative low float, i.e. HUGE short squeeze potential).
• Overall strong momentum in the retail space over the past few months, especially after earnings (EXHIBIT C: See JCP JWN and majority of other retail names and how they have performed with broad market since Labor Day).

DDS is up roughly 10% in the pre-market on their earnings beat and subsequent short squeeze, and I will likely peel some of my position off into this strength today. Congrats to those of you holding.

As of 11/13/10, I have a 1/2 position left in DDS.

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The PPT is much, much more than a mere broad market oscillator. In this video, The Fly has allowed me to give an exclusive, behind-the-scenes look into some of the key features of his proprietary algorithm, which have never before been made available to non-members.

Please keep in mind that there are plenty of other features inside The PPT that I did not even have a chance to get to in this video, so be sure to take the time to decide if a membership to The PPT is right for you. I can tell you from my own personal experience, long before I started writing for iBC, that being a PPT member improved my trading enormously due to the features that went well beyond just the broad market hybrid scores.

If the video below is too small to watch, you can simply double-click the screen and watch it on YouTube.

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[youtube:http://www.youtube.com/watch?v=H1PEL3PrxW0 450 300]r

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You guys should be pumped up for 12631, launching on November 12 (iBC’s three year anniversary). Enough with the third tier effort that you see on non-iBC related premium sites! Unless, of course, that is your thing.

NOTE: Video of third tier premium stock service provider preparing and executing his game plan:

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[youtube:http://www.youtube.com/watch?v=Tc-iHu1dSsk 450 300]r

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A Brief History of Chess

Roughly eighteen months ago, I randomly did a google search for “financial blogs,” and iBankCoin.com popped up. I clicked on the link, and as soon as I started perusing I knew that I would become a regular reader. The Fly and many other tabbed bloggers easily fulfilled what I would later learn to be the dual mandate for traders/writers on this site—Be right about the markets, and entertain. For a long time, I was a lurker, refusing to write in the Peanut Gallery or so much as write a comment. Reading iBC day in and day out certainly made me a better trader, but I knew deep down inside that I was not pushing myself as hard as I should have, despite being profitable.

Just over a year ago, I made up my mind that I wanted to be the absolute best trader that I could be, and I decided to try out The PPT with a membership. I can honestly tell you that I subsequently improved as a trader exponentially, due to the most comprehensive and breathtaking proprietary algorithm available to the public. The PPT allowed me to use my time more efficently and effectively when putting in my daily work on the markets. Moreover, the possibilities for scanning stocks were endless. At my fingertips, literally, I had the ability in less than one second to see which stocks were heavily owned by Goldman Sachs, had a huge short position, were oversold by the algorithm’s historical standard, and had recently improved technically, just to give you an example.

12631 is Born

“Anytime you stop striving to get better, you are bound to get worse.”

It is in that spirit, of pushing oneself to be as rigorous as possible, that The Fly has had the vision to allow RaginCajun and myself to pursue an affiliated service with The PPT, in the form of “12631.” 12631 will be available only to new and existing members of The PPT, because we are seeking to build on the success of the product. The idea is to extrapolate on the algorithm’s mathematical precision to isolate the very best individual trading ideas. RaginCajun and I have worked diligently both here on iBC, and inside The PPT, to provide timely market commentary and actionable trading ideas. Providing daily real time analysis and time-stamped trades on a website which receives well over 1.1 million page views each month is not for the faint of heart. I am proud to work with him, and we believe that our supreme work ethic and market knowledge will set us apart from other premium services.

In 12631, Ragin and I will offer a winning atmosphere for both novice and veteran traders. We will have intraday, daily, and weekly watchlists with the very best trading ideas. We will also supply a constant stream of charts, educational videos, and blogs. In addition, we will take what we deem to be the most relevant searches conducted by The PPT algorithm, based on whatever the current market conditions are, and we will probe them further through the lens of two experienced, profitable traders.

Both Ragin and I will continue to blog on iBC, although we will save the majority of our individual ideas for 12631. We are grateful for our strong reader base, and we look forward to working with many familiar readers inside 12631, as well as many “lurkers,” just like I was over a year ago, who are looking to push themselves to become a better trader than they ever thought possible.

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