The system that filters these stocks is called the Power Dip. It is a dip-buying system. I hope to unveil more about this system in the coming weeks.
An 8% stop loss has backtested very well with these setups.
I will post when it is time to exit these due either to a target being met or the stop loss being hit. The goal is to catch the upswing only, meaning the hold times for these will be short, approximately 5 days on average.
note that PPT rates these as sell due to the falling price and volume. but because we humans see the higher volume kick that got it up there we recognize these as buyable pullbacks.
If that system buys DIN it must be designed to lose money.
artha, volume is not part of the equation on this, but you are right, nonetheless.
lol @ scum bucket
Approximately 70% win rate my friend, although DIN may be destined for the loser’s category.
One never knows though, for sure, or we’d all be millionaires by now.
Hi wood. :/
Approximately 70% win rate my friend…
Even tho it’s fun raggin’ you, good on ya!
I would short DIN down to $5 if I had enough money to short anything at all. LMAO!!
Nice finds Wood.
Only a fool would short a stock with such a strong uptrend. That is not to say a person might not make money shorting DIN right here, but for every gain you get shorting a stock stock trending up like that you are bound to lose much larger amounts latter.
This is just a general comment; I am not trying to single you out scum bucket. Just saying.
single me out, i don’t give a crap bitchez. Clearly DIN is the beneficiary of a short sqeeze, the underlying fundies are, imo, crap. The high short interest numbers I have are over a month old, and I suspect I will be urinarelly vindesticated.
do you have a stockfetcher code for this scan.
i think this scan is usefull in bull market.
thnaks
woody,
will NTGR not be a fit for your selection.
Bill, that’s a great looking chart, but it doesn’t qualify.