Still no sell signals for open positions.
On the open, the system will purchase Align Technology, Inc. [[ALGN]] , Amylin Pharmaceuticals, Inc. [[AMLN]] , and Compania de Minas Buenaventura SA (ADR) [[BVN]] .
Be very careful blindly purchasing stocks during earnings season. I’m pretty sure at least one of the above names reports soon.
The system is now long 8 stocks, with a maximum allowance for 10 positions.
Have a great day!
Earnings reports:
AMLN – 10/20 (today) AMC (at market close)
ALGN – 10/22, 4pm
BVN – 10/29, 4pm
DENN – 10/29, 4pm
DISH – Nov 11-21
FMX – Oct 28, BMO
RNR – Oct 27, AMC
SSRI – Nov 2-7
The question is what to do with AMLN….
Damian, I will hold AMLN. During backtests, as you know, earnings releases were not a factor. If nothing else, it will help me hearken back to my previous days as a roving, gunslinging, gambling, discretionary trader!
I’m with you – 10% loss is in place and the position is size appropriately….