For bottom pickers and knife catchers

[prana]

STX looks like a possible bottomer at 9.5cents. Turnaround time? Maybe short term overbought, surpassing upper Bollinger band

 

[enigmatic]

The Next one i have been looking at is WOW
Depending on the Price movement tomorrow it may be a good pick ranging from 25 to arround 27 sometimes 28 which isnt to bad a trading range for me

 

[Sean K]

Catching the MAH knife at 30c Michael.

 

[bloomy88]

Catching the MAH knife at 30c Michael.

Think i might join you there, looks oversold to me

 

[panikhide]

I'm adding KMN in at a bottom again, which was my one buy and sell in this thread earlier. So, Michael, please add my dirty finger pick at 6.9c!

Kennas - are you sure? In January and December you were writing KMN off in the KMN threat as 'diabolically bad' and suggesting they were surely going to run out of money. What changed? Or do you have some money that you want to discard?

 

[MRC & Co]

Would be interested to see the stats at the moment, between the bottom pickers and the long-term system.

 

[MichaelD]

Indeed - will do them in the next few days.

 

[Sean K]

Kennas - are you sure? In January and December you were writing KMN off in the KMN threat as 'diabolically bad' and suggesting they were surely going to run out of money. What changed? Or do you have some money that you want to discard?

KMN is still a turkey IMO, but they did a raising and got some cash to get them through this year. The reason I picked it here is as an oversold knife catch. Up about 10% so far. Look at this pretty chart.

 

[MichaelD]

Bottom Picking:
73 open trades - 20 showing a profit, 53 showing a loss
2 closed trades
Total Open/Closed loss 28.0%

Mine:
55 now closed trades - total closed loss 34.6%
19 open trades - 7 showing a profit, 12 showing a loss - total open profit 8.1%


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Bottom Picking:
66 open trades - 9 showing a profit, 57 showing a loss
2 closed trades
Total Open/Closed loss 43.5%

Mine:
46 now closed trades - total closed loss 28.2%
19 open trades - 6 showing a profit, 13 showing a loss - total open loss 1.8%


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Bottom Picking:
59 open trades - 3 showing a profit, 56 showing a loss
1 closed trade
Total Open/Closed loss 50.3%

Mine:
37 now closed trades - total closed loss 21.7%
18 open trades - 2 showing a profit, 16 showing a loss - total open loss 3.7%

-----

Bottom Picking:
59 open trades - 4 showing a profit, 55 showing a loss
1 closed trade
Total Open/Closed loss 50.8%

Mine:
37 now closed trades - total closed loss 23.1%
19 open trades - 3 showing a profit, 16 showing a loss - total open loss 2.3%

-----

Bottom Picking:
57 open trades - 7 showing a profit, 50 showing a loss
1 closed trade
Total Open/Closed loss -41.0%

Mine:
31 now closed trades - total closed loss 20.9%
18 open trades - 3 showing a profit, 15 showing a loss - total open loss 3.0%

-----

Bottom Picking:
57 open trades - 20 showing a profit, 37 showing a loss
1 closed trade
Total Open/Closed loss -11.7%

Mine:
14 now closed trades - total closed loss 4.0%
19 open trades - 7 showing a profit, 12 showing a loss - total open profit 4.0%

-----

Bottom Picking:
57 open trades - 23 showing a profit, 32 showing a loss
1 closed trade
Total Open/Closed loss -6.8%

Mine:
13 now closed trades - total closed loss 3.6%
19 open trades - 9 showing a profit, 10 showing a loss - total open profit 4.0%

-----

Bottom Picking:
51 open trades - 24 showing a profit, 27 showing a loss - total open loss -4.1%

Mine:
7 now closed trades - total closed loss 1.6%
19 open trades - 7 showing a profit, 12 showing a loss - total open loss 0.6%

 

[So_Cynical]

Lucky i had no money when i was calling my bottoms....what was i thinking. :couch

the only one i brought was MRE and its the biggest disaster in my portfolio, i don't know
why i was so keen on Nickel at that time. :dunno:

 

[Sean K]

Mine:
55 now closed trades - total closed loss 34.6%
19 open trades - 7 showing a profit, 12 showing a loss - total open profit 8.1%

What are you doing Michael? My 'bottom picking' is up about 25%.

 

[MichaelD]

What are you doing Michael?

Trend following with what some would term aggressive use of leverage (maximum tolerated drawdown 50%).

My 'bottom picking' is up about 25%.

Good for you. I don't track who picks what, but no one else seems to be bottom picking as well as you.

 

[herbs2008]

Re: Bottom pickers and knife catchers

I might start a speadsheet to capture all these picks and see how we go.

Hi Kennas

Can I share your spreadsheet?

herbs

 

[Sean K]

Re: Bottom pickers and knife catchers

I might start a speadsheet to capture all these picks and see how we go.

Hi Kennas

Can I share your spreadsheet?

herbs

I haven't keep it updated as it was taking too much time. Michael must have one as he's keeping records.

 

[prawn_86]

Good for you. I don't track who picks what, but no one else seems to be bottom picking as well as you.

Young Kennas is a bit of a gun alright... Well done K

 

[nunthewiser]

INL....someone may like it

 

[bowman]

MPO might be worth a look. Some insto dumping going on.

Stochastic is in oversold and there maybe some support around the dollar mark.

 

[bowman]

MPO might be worth a look. Some insto dumping going on.

Stochastic is in oversold and there maybe some support around the dollar mark.

Nice. No knife cuts with MPO.
In yesterday at 1.03 & 1.04 and out today at 1.09 & 1.10 and watching for more trades next week.

I noticed ESG and VPE are also bouncing so I'm watching MEL (not quite the falling knife) for a trade.

 

[panikhide]

Catching the MAH knife at 30c Michael.

Nice catch. Nice timing. It hit 40c today on strong volume. I got in at 31.5c.

 

[Sean K]

Nice catch. Nice timing. It hit 40c today on strong volume. I got in at 31.5c.

I'll sell at 40c thanks Michael.