Another slew of Power Dips are set up for Thursday’s open. The model portfolio only has room for two.
Here are the picks:
Gran Tierra Energy Inc. [[GTE]] SPX Corporation [[SPW]] True Religion Apparel, Inc. [[TRLG]] Advance Auto Parts, Inc. [[AAP]] [[EZA]] U.S. Gold Corporation [[UXG]] TAM S.A. (ADR) [[TAM]] Omnicom Group Inc. [[OMC]] Axis Capital Holdings Limited [[AXS]] Venoco, Inc. [[VQ]] Gerdau SA (ADR) [[GGB]]
My money is going to be placed with the auto parts supplier and the manufacturer of designer jeans, but there are plenty of other good-looking pullbacks from which to choose.
nice picks
Are you going to shorten your recent hiatus?
ummm yes 😉
http://www.youtube.com/watch?v=gqsT4xnKZPg
That’s all that needs to be said. Hey July, I guess the markets are ignoring the Jewish holidays and looking forward to Ramadan
So i’m guessing he never took you up on your $20k wager?
no he didn’t and I would have bet too.
I’m guessing you got that breakout on the equity curve you were hoping for, after this morning.
I hope so. Hard to tell right now with no access to platforms.
yeh, that July30 dude was right on time [not]…this is a horrible day…..o-shit…..I was long going into today and I’m up 9% today alone…..horrible……I’ve been buying GE for the past 4 weeks….today is just HORRIBLE..
to July30 dude, nice try…. might better get your next theme figured out and change your name to Sept30 or something.
lol
looking at the calendar we have rosh hoshanah sept 19th and yom kippur sept 28…
Artist – I feel your pain… Horrible, horrible…
Guys:
I’m not kidding he scared the living shit out me. Don’t know why as I don’t scare easily with that sort of thing but he spoke with such certainty that was really disconcerting.For all we know it could have been God saying all that.
I only found out earlier he was a chucklehead as he finally posted that the entire thing was predicated on two Jewish holidays one good and one bad that coincided with each other for some unknown reason. I finally knew it was safe then.
Normally I ignore shit like that but this one really got in my head.
I know what you mean j. I might have given it more weight if he hadn’t been writing things like Naz to 10K.
j – I didn’t know that’s what he was basing the prediction on. Weird. A little research shows the destruction of the temple in Jerusalem occurred on this date. What that has to to with the stock market is beyond me…
http://judaism.about.com/od/daysofmourning/a/tav_events.htm
Jimmy Hoffa was also “never seen again” from this day.
wood, i have not seen prior posts on the power dips, did the system perform better with stops vs without? was the drawdown and max loss lower?
thanks,
david
David, I believe the system performs better without stops, as you might expect from a mean reversion system. I honestly cannot recall the specifics, but I will run the test when I get home and respond here in the comments section.
I have been working on and off with this for about a year and so some of the earlier results escape me right now.
Now if we can pull off a good treasury auction we should be good for a bit more of a move. We’ll see with the 1:00 PM results.
Haven’t seen the results, but the indices have firmed up.
I’ve been looking at TRLG for a bit, interested to hear their earnings on August 4th. I could see it going either way.