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Momentum Trading with RaginCajun

RaginCajun
Joined Jan 27, 2008
7,406 Blog Posts

CHOP: Long Idea

RaginCajun Tue Jan 4, 2011 10:17am EST 6 Comments

I bought $CHOP this morning @ 6.08, all my signals point to a buy, and I placed my stop below the 100 day MA. I like this look:

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6 comments

  1. Juiceyfruit
    Juiceyfruit
    January 4, 2011 at 12:14 pm

    I’m down with this pick … danke

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  2. CommonGardenSlug
    CommonGardenSlug
    January 4, 2011 at 12:46 pm

    Meaning to ask, how do you organize your charts when you scan them? Sector by sector? Capitalization? Etc.? Do you run screens or just visual inspection of lots and lots of charts?

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  3. TheArtist
    TheArtist
    January 4, 2011 at 10:09 pm

    hey RC, I need to ask some idiotic questions on the PPT since I just joined yesterday.
    the first of many is:
    in pulling up AA on the tools section and score I get a chart that reads all kinds of hybrid ob/os readings like this,
    1 Day – Avg Return 0.47
    1 Day – Times Up 4.00
    1 Day – Times Down 4.00
    1 Day – # Signals 8.00
    1 Day – % Times Down 50.00
    my question is, what does this mean? like times up of 4.00? what is 4.00? what is 8.00?
    and I’ll wait on all the other idiotic questions…. I also feel I need to learn the PPT before joining 12631 so the quicker I learn this engine, the better.
    thanks.

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    • RC
      RC
      January 5, 2011 at 1:10 am

      TheArtist,

      4.0 means out of all the times the stock has been overbought the stock has been up 4 times (out of 8) after day 1 of the reading, 50% (no edge).

      Note: You will love the pelican room in The PPT, stocktwits on steroids.

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