Originally Posted by jbarwick
It has been fun watching your strategy MC. I forget, do you use a program to help scan for possible trades or do you just look around?
I trade using Questrade but in terms of anything else, no, not really. I have about 100 alerts set up, some just as canaries and others that I'd get into at the right level. I just look at overall peaks and valleys from the past 1-3-6 months and occasionally 12 months and get a sense of where things generally bottom out and where they sell off and I pick a range that's within that. I buy down in steps and sell off in steps and in my opinion the trick is knowing when to get out and take any winnings instead of holding out for something bigger. I often leave money on the table but I always take at least some with me. I scan news fairly often too since again, a lot of these companies move on speculation/sentiment.
I've pared back my total number of stocks to about 10-15 at the max and if a few come up like 5-10% from here I'll cut them and will be back to about 10-12 total companies. I stick to a narrow list of industries that tend to move a lot becuase they're based on high multiples or speculation. So I'm into oil/gas/solar, tech, media, biotech, and airlines. I sometimes also buy the industry index too and then add in 2-3 companies. So for example in Biotech I have a bit of IBB as the index, then a lot of GILD as my big, BMY as my mid, and EPZM as my small. For airlines I have AAL, LUV, and DAL. For media I have NFLX and DIS. I'm pretty much out of tech but just grabbed some HIMX recently and hope to flip it quickly on a recovery since it dropped about 20% in a day. For oil/gas/solar I don't have any majors. I have GLF (ouch), SPI (huge ouch), and FSLR (was huge ouch, now just sorta ouch). And then a few REITS which I'm waiting to buy back into heavily. NLY, NYRT, LXP, CLDT, BKD, HHC and the likes, so covering commercial, residential, and healthcare, more or less.
Originally Posted by idfnl
Anyone understand what's happening with RRD today?
Anyone know what's happening with NFLX today? Was up 4.5% which is pretty notable and no news I can see.