Classic Oversold Rally

June 13, 2008 – 2:39:39 pm

This is an “oversold” “oil-related” “consumer confidence infused” rally. Sell it, and carry on.

I developed a sweet-ass short scan. The reason I know it’s sweet is that when it is right, the average gain is 20-40%. That’s worthy. Average loss was 5-9%. Winners were held for about 25 days, losers under 10.

That’s good enough for me to put some money to work.

Since you don’t have my indicator, you don’t know when to buy or sell. For that reason, I wouldn’t blindly short these, but I would examine them and consider shorting.

Lots of interesting stocks came up on the scan. 400 out of 7000 to be exact. I didn’t have enough time to fine-tooth comb them all, but glancing, here’s what jumped out at me.

[[mtl]]

[[rimm]]

[[aapl]]

[[leap]]

[[onnn]]

[[tkr]]

[[ccj]]

[[mco]]

This entry was posted on Friday, June 13th, 2008 at 2:39:39 pm and is filed under Trading Ideas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

12 Responses to “Classic Oversold Rally”

Anonymous Says:

On the same page. Sold my MTL, AAPL (partial), and CCJ this morning.
June 13th, 2008 at 2:45:40 pm
alphadawgg Says:

“On the same page. Sold my MTL, AAPL (partial), and CCJ this morning.”

^(That was actually me. Thought the site would populate my name. Guess I should sign in next time)^
June 13th, 2008 at 2:48:28 pm
Danny Says:

yeah wordpress sucks like that.
June 13th, 2008 at 3:01:43 pm
Aris Says:

holy shit. tim russert just died
June 13th, 2008 at 3:40:38 pm
lol Says:

lol wtf, how could he just die like that…
June 13th, 2008 at 3:57:08 pm
ottnott Says:

June 13th, 2008 at 4:14:47 pm
Hattery Says:

Danny, a breif article about CEDC. It was selected as zacks.com’s aggressive growth stock of the day.

http://www.zacks.com/rank/zcommentary/?id=7842
June 14th, 2008 at 1:44:19 pm
Danny Says:

Thanks hattery. That was a good read. Stock looks great.
June 14th, 2008 at 6:00:43 pm
Employee8 Says:

Anybody up to speed on IOC valuation? … looks like Fly sold his stake and I haven’t seen anything from Chuck Bennett in awhile … just read an interesting valuation report and 30 is starting to look cheap… anyone still in this or have any thoughts?
June 14th, 2008 at 7:07:53 pm
Todos las muchachas en en España Says:

Happy Father’s Day Danny. Surprise!
June 15th, 2008 at 1:10:51 pm
Todos las muchachas en en España Says:

http://www.tatuagemdaboa.com.br/

Insert “Danny” on line one then “Fly” on line two

Next click Vis
June 15th, 2008 at 5:05:15 pm
Danny Says:

HAH!
June 15th, 2008 at 6:08:19 pm