Top Daily Stocks - Possibles, Probables and Fakers...

[barney]

It is obvious that Joe requires more input on the Stock Threads to keep the site on track …. I'll kick this thread off with the idea of listing the best percentage risers on the ASX at the close of trade each day if and when possible.

Obviously just because a Stock has a daily rise doesn't mean its worth buying, but it is often a heads up for some future trading opportunity. So basically I'll list the Stocks as presented on CommSec and if anything looks interesting an appropriate post could be initiated on the relevant Stock Thread by anyone interested.

I know @greggles has been doing a lot of posting along these lines so perhaps with a bit more interest from others, the various Stock Threads can at least get the occasional bump and hopefully keep Joe in a job! Cheers all.

 

[barney]

Friday June 29th best percentage Stock Risers ….

 

[barney]

Just to clarify …..

I always check the Top Risers daily if I am trading/watching the market.

I have a couple of quick visual Filters which generally eliminate a high percentage of any TR list within a few seconds.

This means you won't be wasting time checking Stocks which are obviously not suitable.

Filters …..

Volume ..... has to be at least minimal relative to the Stock Price ….. Not enough Volume, not enough Trader interest … Price move is not reliable.

Stock Prices Trading well under 1 cent … Unless the Volume is extreme, any Price move can have a high percentage relative increase and represent too much relative risk.

Option Series …. If the movement looks interesting I would check the corresponding stock Ticker, but generally don't trade Spec Stock options unless they have Fundamental analysis to back the purchase and are long dated Options.

Finally … Personally I will rarely buy a Top Riser on the day of movement as most retrace. It is a valuable tool for populating the Watchlist however Cheers

 

[barney]

Here is a quick spreadsheet of how I personally visually Filter the Top Risers to see if anything is worth following up on …

From Friday's list I might have a look at BEE AGE and LMG ….

 

[barney]

Finally ….. all the above rambling was only a demonstration of how I might go about picking a Stock to comment on.

From now on I will simply post the Day's % Risers in this thread and comment on anything that looks interesting in the relevant Stock Thread.

The point of the exercise is to try and get more input on the Stock Threads as Joe suggested, so if anyone else has some input/suggestions etc etc, please jump in.

 

[barney]

Risers (CommSec)… 2nd July 2018

 

[barney]

Quick look at the above list … A lot of light Volumes etc but given the % increases I would have a quick look at the charts of

CVS

OXX

IBN

MNB

RGL

JDR

E2E

 

[barney]

First Impressions of above ….

CVS .. Chart says look closer will post in stock Thread

OXX Steep 6 month decline ... too early for me

IBN Had a volume/price spike last January ... watchlist

MNB Chart says look further ... stock Thread

RGL New Gold Stock last October. Very Spec. Watch announcements.

JDR First sign of life after long downtrend … check why.

E2E Chart ordinary.

 

[barney]

Tuesday 3rd July Top Risers (CommSec) … Volumes on SUP particularly then DCC and AOA make them worth investigation ………

Just to clarify again .........… I use Daily Risers as a reference for possible future trades. Once they've run it's usually a waiting game for the next opportunity ….

Getting in BEFORE these types of rises is possible but that requires a different approach than trading the momentum of a breakout for eg.

 

[barney]

Todays CommSec Risers
Huge rise on ASN … and well done @myrtie100 who picked it for this months Stock picking Competition (before the spike) …. Great pick!!

On first glance, others worth inspecting are S3R with both the Stock and Options rising … and VAL …

 

[barney]

Todays Risers … 5th July 2018

 

[mcgrath111]

Interesting to see your initial process to start your research.

You have big balls playing the speccy game!

 

[barney]

Gidday Macca ….. I don't know about the big balls …… but I know I'm a lot smarter with my choices now days.

I could write a book on my Trading exploits and maybe I will one day when PNR hits $1 dollar

I had bigger (but much more stupid and inexperienced balls) when I borrowed $100K against my home a squillion years ago and thought I could day trade CDU right at the top of their stellar run from nothing to $8 bucks in less than a month ….. that would be an incorrect assumption on my part lol …. I knew nothing about trading let alone day trading ….

Anyway, I basically lost the $100K plus a bit more in a matter of weeks …. did I mention it was borrowed money lol … so I had to pay the loan back as well … not a good scenario!

I can actually laugh about it now but the long term depression was tough I can assure you …. the ASF community helped get me through that period even though I didn't make it too obvious what had happened.

This thread is basically about my appreciation of this site .... I am trying to help @Joe Blow get back a bit of traction for all his efforts on ASF …… Joe wants more input on the Stock threads to create discussion and interest … If we like what ASF offers and we want it to remain available, we all need to add some time and input irrespective of our trading experience …. My advice is, …. any discussion is good discussion so put your two bobs worth in ..... if you don't have an opinion … then ask a question instead Cheers all

PS Hats of to @greggles who has been prolific in his postings recently … Well done

 

[Joe Blow]

This thread is basically about my appreciation of this site .... I am trying to help @Joe Blow get back a bit of traction for all his efforts on ASF …… Joe wants more input on the Stock threads to create discussion and interest … If we like what ASF offers and we want it to remain available, we all need to add some time and input irrespective of our trading experience …. My advice is, …. any discussion is good discussion so put your two bobs worth in ..... if you don't have an opinion … then ask a question instead

Thanks @barney, your efforts are sincerely appreciated mate.

We do need more stock chat at ASF. Much more of it. We've lost some good people over the years because of the decline in it, and the way the General Chat forum has taken over has become a real problem for us. We need to get ASF back on track and I am urging everyone to please pitch in and post more in stock threads.

The reality is that it is not possible for ASF to continue as a "general chat" forum. If people persist in only discussing global warming or feminism and ignore the "S" in ASF, then it is only a matter of time until this place closes its doors. I hope I'm not the only person who thinks that after 14 years that would be a great shame.

It only takes a few minutes to share some thoughts, opinions or a chart in a stock thread but it really helps. Every single post in a stock thread helps, even if it's only a question. It helps much more than most people are probably aware.

PS Hats of to @greggles who has been prolific in his postings recently … Well done

Thanks also to @greggles. A great contributor to stock threads here at ASF.

 

[greggles]

PS Hats of to @greggles who has been prolific in his postings recently … Well done

Thanks barney, just trying to chip in and help keep the stock chat going. I wish more people would join in. Am loving this thread mate. Trading is all about finding the movers and you're doing people a great favour by bringing the movers to their attention. Hats off to you and keep up the good work.

 

[barney]

@Joe Blow …. I hope other subscribers to ASF realise what you just said Joe ….. I hadn't realised it till the other day when I sensed an almost fatalistic tone in your voice/post …… If ASF goes to the wall, it would be a massive loss to all of us ….. My small amount of effort is miniscule but hopefully it helps a bit … Cheers M8.

 

[barney]

@greggles ….. You have been ahead of the pack Greg … I didn't realize just how much input you were putting in till I started this thread …. Almost every Stock thread that comes up worthy of an opinion … you have already been there, LOL …. well done for your persistence

 

[barney]

6th July Top Risers … Few charts to check ………

After last night research and todays price action on RGL it is a confirmed PROBABLE ….. Will elaborate in the RGL thread etc.
BPH and EUZ would normally be bypassed given price but enough volume to have a quick squiz.

ADY ….. used to own this one a light year ago … will check

CVS …

SL1 ….. big volume …. almost $2 million turnover

TKM … modest volume but will check given 22% rise.

 

[barney]

PS …. I should have bypassed BPH and EUZ as first surmised lol ….

However, given EUZ in particular have very little cash left at the moment, yet they are apparently engaging the services of UK Addison Mining for a scoping study on their prospective Lead/Zinc/Silver project …… who knows what may eventuate …. punters dream ….. takeover/share price triples overnight etc …. it does happen

 

[TortoiseTrader]

PS …. I should have bypassed BPH and EUZ as first surmised lol ….

However, given EUZ in particular have very little cash left at the moment, yet they are apparently engaging the services of UK Addison Mining for a scoping study on their prospective Lead/Zinc/Silver project …… who knows what may eventuate …. punters dream ….. takeover/share price triples overnight etc …. it does happen

Hi Barney,
Do you have any particular hold time on these stocks you trade ?