TIV TA

[jonesieatl]

Lefty,

This particular stock I am treating as more of a buy/hold for a while, now using TA for entry points. It seems to be very undervalued relative to its peers. Probably has to do with being a non-reporting pinkie at the moment? Word is that the auditors are working hard on the 10-Q and the objective is to get that out soon and go straight to the Naz as soon as possible. IMO once they do that, TDYH should garner a PE multiple more like some of its peers. Check out the TDYH board here on IHUB, particularly doubloon's posts, he just talked to management again, he talks with them regularly.

Exit strategies, sometimes the hardest part. I had the buy/hold mentality for so long that selling still comes hard for me. I'm trying to work with stocks that I basically know NOTHING about beyond the company name lol then the buy/sell will be based strictly on TA and, yeah, for the most part just grabbing the quick 5% gains, maybe watching very closely for signs that >5% may be attainable and then holding for a bit longer. That's more time consuming though, and as you said via email, it's more mechanical to grab the quick gains and move on, necessitating fewer judgement calls, at least for now.

I'm close to having about 100 stocks that my scans have spit out backtested and spreadsheeted, basically with IBD rating (B+ to A+ Yes/No), Magic Box Yes/No, Fairy Square Yes/No, Knights Crossing Yes/No, Ken's Ultimate Indicator Yes/No, Met Ken's Volatility criteria Yes/No, Met Ken's Liquidity criteria Yes/No. Spreadsheet notes the high after the M.B. setup, (and any low prior to a high which might have made a stop loss rule kick in), and also tracks current price and longer term gains. Then matching up the short term 5%-minimum gainers with an analysis of which criteria were met should help to create the final "profile". This profile will take the large-ish number of stocks my scans turn up and greatly pare them down to a much smaller group of "don't even think about it, just buy them tomorrow at the open" stocks.

jonesie

p.s. 'course, have to remember that we're generally in an up market overall right now, some of these stocks have been energy stocks, etc etc etc. Not sure it matters. It will be interesting to see how the tools fare in a down market, for instance. Methods always work .. until they don't LOL.