It’s nice when you get ones like that Pete. I will take it thanks.
ACVA reports today. Shooting up in todays market.
Amsc forming a cup, they already reported.
IONQ one I have been tracking. Having a very nice day today
KVYO had a great quarter but being taken to the woodshed. They are changing their compensation package from share compensation to cash compensation. So Margins will be lower. Geez that seems like a reason to sell. No position.
YOU Beat and Raise, also raises dividend and WATCH OUT BELOW. Looks like it’s Membership is starting to slow. I don’t see the reason behind this company unless you fly a lot but the Tam doesn’t seem to be that large
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$APP Up 42% today. You are buying the next 10 rounds. Great job, nice money on IONQ too.
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I don’t own that one Pete just watching. It’s a quantum computer company.
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$ARM breaking back into buy zone with strong volume after earnings. Last two days up with volume. This move also bounced it of 50dma and above 21dma. AI space still doing well. Could be the beginning for a position trader or swinger. Swing stop loss might be 50dma, but that is also about 5% away, so a big swing loss. Could make your stop the 21dma.
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ADMA just had a phenomenal quarter. Beat and raise.
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Watch Sezl tomorrow. It looks like they are sizzling.
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I think I will put in a pre-hours order for $ARM tomorrow. Had good volume today on the earnings upside reversal and back in buy zone. I was distracted and failed to buy it at the end of the day as I had planned.
Buying before earnings is exciting because it is a pure gamble since Reg-FD. We have had some spectacular rocket ships almost every day, like $APP up 46% today. But had some spectacular drops, like reliable MELI down 16%.
I would have bought $NET if earnings were not tonight. It gapped up and entered the buy zone on strong volume, but then down 6% after hours. You would have thought people knew something and you had to buy.
Lucky for me….$AXON was up 14% after hours, it is my second biggest holding after NVDA. This is no $APP like Andy owns, but it was up $65 and my basis was $24, so a 2.5 Spiffy Pop, and now a 21 bagger. Thank you Motley Fool for making me love this stock and thank you IBD for teaching me when to add to winners on the way up.
I bought $AMSC over the last few days as it broke above a shelf-like area. 2/3 of a position and about break even at the moment. If I did not have a little cash to buy $ARM, I might have sold AMSC for the funds.
Video of the day shows AVGO with an early entry as it breaks above downward trend and bounced of 50dma 2 days ago…
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Congratulations on Axon Pete. So I assume you are looking at ARM purely on a technical basis but not a fundamental basis? My personal opinion is that there are so many better stocks out there.
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Sezl is having a phenomenal day. I have a position. They reported yesterday.
App still running.
ADMA reported yesterday and is having a “nice” day. I have a position.
WGS formed a flag in the daily. Could still have more time in the weekly. I have a position.
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Rail peeping out of what I see as a consolidation pattern. It has been going like gang busters. But not very much volume.
Step jumping out of a consolidation pattern. It has been growing nice.
RIGL having a phenomenal day. I do not own it. Reported earnings and doing very well
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Only up 72%, what are you talking about? 
Time for a new boat and a trip to Bali.
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Up 83 percent in 2 days. I will take it. 
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Here is what I am seeing as the Best of the Best stocks out there today, 11/10/24. I own some of them. What I think is best is that they must have 20 percent or more sales and earnings growth. The higher the better.
APP
RDDT
ALAB
SEZL
Root
INOD
SITM
RKLB
IONQ
TOST
RIGL
PLTR
CRDO
AGX
IESC
COHR
NVDA
CAVA
ADMA
WGS
DUOL
FTAI
I own APP, VKTX, CAVA, NVDA, AS, ADMA, BITB, WGS, SEZL, DUOL, FTAI.
I like to keep my stocks down to 10 stocks or less. I will be selling AS on Monday. I bought it as it was coming out of a cup but it hasn’t done well and it does not meet my criteria. I thought I would give it a chance since it is an IPO base.
I might sell VKTX also. IT is a GLP candidate but still has a long way to go. It doesn’t fit any of my criteria and I there are so many great stocks out there I could be in.
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Time to post on some of my recent sells.
On 10/31 the market was getting soft, IBD lowered exposure to 60-80%. I wanted to raise a little cash.
$MOD had been a good stock and this was my second time I had a position in it. If I had held the first time it would have been getting near a triple. Anyway. I had some nice early positions (before breakout) then I moved up to 5/6 of a position when officially broke out. This is what I want to do as much as possible. On 10/30, it plummeted below the 50dma and closed below. That was the proper sell signal I should have followed. I waited until the next day to hope for a bounce, but it was foolish and I sold a little lower. This was clearly a weak stock at that point and I sold it to reduce market exposure. I think a couple other related stocks like CARR, TT, and FIX had reported poorly and fell. As you can see from the chart, I would have been back to a nice positive position if I had held. We cannot know the future and must listen to the signals as they occur and in context of our other holdings and the market.
$UBER. When TSLA presented status on the RoboTaxi, it was a flop and UBER gapped up on the perception of reduced competition. I bought 1/2 position that gap-day and it closed above my buy price. But this was not an earnings gap and I was too optimistic. It fell a little and I added more. It fell a little more and I added more. Both those buys were when it was holding above the recent high of 78.45, so I thought that was ok. A day or so later, Uber was down 9% on earnings and fell below the 50dma. I was well below the IBD sell rule of 7-8% so I sold. I also wanted cash. This was a very bad trade for me, I lost 15.59% on about a 2/3 position. It has bounced around a bit since then but is still where I sold it.
Post Analysis: I addition to having too much confidence in a non-earnings gap up, I also added on the way down. I did not wait for more of a proof of strength, like breaking a downtrend or bouncing off the 21dma. Also, I was holding at a loss going into earnings, I just had faith in the company.
10/22/24: Sold $TDG because it had fallen below the 50dma on poor earnings by GE (both in aerospace replacement parts business). I also owned GE. TDG is a great company and a “serial compounder” and it deserves a place as a long term holding, but not in my IBD position account.
Post Analysis: My early buys allowed me to sell this at a slight profit even though it was below the 50dma. As of 11/10/24, it is still about at my sales price and the cash I put elsewhere has done very well.
10/22/24 $GE sold GE after it gapped down on earnings. My Sell Plan noted on the chart was to sell if below 21dma, which I did. Unfortunately on the same day it fell below the 50dma before I could sell it. Maybe if I were at home monitoring my charts at the open I would have gotten out will less loss. But I also do not want a trading system I have to monitor all day and ruin enjoyment of my retirement.
Post Analysis: I had no early buys, my first buy was at the buy point during the breakout. The day before was a little pop off the 50dma and my buy day was a strong move up to the buy zone. I later added more at the top of the buy zone. I only had 1/2 position. My mistake was to watch it slowly move up to top of buy zone before I added more. Too timid. But did that save me? I would have had more money in it, but at a lower price.
Overall Returns: Most of the year I have been trailing the S&P by 1-2%, and if you are looking at this post, you would think they system does not work well. But as you will see from my next post of recent buys, things are going very well since the election. I am up 32.5% for the year and the Naz is up 28.5% and the S&P up 25.7% so at the moment, I am having a good year and this the type of market where IBD trading outperforms. It should also outperform in a crash where the rules get you out.
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More losers
$ARM was a buy off an upside reversal off the 50dma that pushed it into the buy zone. It faded below buy zone so I only bought a 1/3 position with the intent to buy more on a good follow through. That never happened and it is back down to 50dma. Andy nudged me yesterday saying there were a lot of better stocks out there, he is right - thanks.
$WD is a core holding in one of my MF portfolios so I used IBD guidelines to trade around that core.
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Pete I could have been wrong about Arm also. I was stopped out of WGS today. Being wrong isn’t a bad thing, staying wrong is what is hard. It’s a tough world out there. Also I sold Alab and it shot up, trying to find a way back in.
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My A-List is doing well…
AXON, a very long term MF holding that is #2 in my overall portfolio.
AAON, a pick in a different strategy that I did IBD add-ons with.
AMSC, a pure IBD buy a few days ago.
They ain’t no APP, but doing ok.
I could not buy a full position in AMSC as is shot beyond the buy zone in one session. Will look for a pause and buy opportunity.
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