Would anyone care to share their year-end percentages? I am a believer in numbers. I also realize that you may or may NOT tell the truth, but it wont help us figuring out the charts any better.
I will post my on this forum as soon as I have all numbers assembled.
Dot
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I'll get the details posted later this week, but I'll base my own 2001 gains on just 3 stocks I committed to publicly, either paper-trading or in actual trading:
Boston Beer (SAM)
Innerdyne (IDYN)
Magelby Security (MAGS)
I'm trying to build a frame of reference around TW that supports the possibility of a 100% per year average gain. I think there's a possibility that these 3 did it, though SAM isn't likely very helpful because it was either late in the year that I purchased it or it has been through it's mark-up yet. It'll probably count for my 2002 gains.
As everyone can see, I'm playing with very small potatoes here. Nevertheless, I'm proud of them.
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Nice try, Dot, but I guess nobody cares to share. I think this idea is a valid one though-- stating one's gains via TW trades, per annum.
All the newsletter writers out there use this technique to advertise their letters. Thus, we should be stating our annual gains, too.
The best way to do this would be to state the date purchased, the price, the date sold, the price, the gain, the annualized gain and then the totals. Of course, the losses would have to be stated too. And the only stocks listed would be the ones that were motivated by TW considerations.
We'll get this forum operational again soon, with some hardcore TW fans who DO care to share.
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I'd be interested in taking a look at your trades, though your long form might be more information than I need. I appreciate your sharing, as per Dot's suggestion, your annualized gain, though.
Can you simply list the stocks that you were in, motivated by TW considerations, in 2001, by stock symbol, here? How many different stocks did you trade in TW fashion? Thanks.
Presumably, we all started the year in certain TW stocks, we carried some throughout the year that either had gains or losses, we sold or bought during the year and we ended the year in certain TW stocks.
So a nice layout for reporting would be:
Started year in AAA, BBB, CCC, etc.
Bought DDD, EEE, FFF.
Sold BBB
Ended year in DDD, EEE, FFF. AAA, CCC.
From that information, we can determine whether or not your TW selections made TW sense. That would be the first order of interest to me. Thanks again.
This message has been edited by tedwarren from IP address 209.240.222.132 on Jan 28, 2002 7:22 AM
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i'm in NEXT, CNTY, CFS...gold:CBJ,BGO,CALVF,VGZ,KGC
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January 28 2002, 11:08 AM
you can tell me what you like or dislike about those, i'm not going to dig up the dates i bought them or how much. Maybe i can upload a picture of my sister naked instead.
tk
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I'm a "newbie" Tead Head and have been on hiatus the last year or so as far as buying stocks due to lack of funds (paying for a marriage, house, etc). Now that money is accruing in the savings, I am actively getting back into learning/applying TW's principles.
Per the request of the original message:
Started Year in: SZ, CLHB, RMI
Sold: CLHB (a bit early, but in the black)
Bought: HOOK
Current Stocks: SZ; RMI; HOOK
I haven't had great success - but do not believe I did a diligent enough job understanding the formations that are there (I think I was seeing formations because I wanted to see them) - part of why I'm scouring boards such as this ... also Sizzler's two deaths right here in Milwaukee didn't help that one - just when it seemed it was moving up (What would Ted have done - I'm holding on for the eventual recovery). I am an active Investolator subscriber and watched some of the suggestions do quite well recently.
I look forward to more active participation here - after I read Ted's book again.
With a request for patience as I learn,
Dan
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2001 was my first complete year attempting to use TW methods when adding stocks to my portfolio. I started out the year owning only five TW stocks.
My year 2001 summary:
Started Year in: KOF, OE, PLI, SOCC, RDL
Sold: SOCC(23%), NHCI(23%), PLI(70%), MAIN(25%)
Bought: AIRM, CTSC, CSRE, MAIN, NHCI, PMID, HOOK, HL, EAR, EBF
Ended Year with: AIRM, CTSC, KOF, CSRE, EBF, EAR, HL, OE, PMID, HOOK, RDL
Nothing stellar here; so you can bet these results are real.
Looking back, I realize that I should have sold OE in the $9 range in 2000 (or even in the $8 range in early 2001). I didn’t think that the volume indicated it was under distribution, but obviously that doesn’t mean the price can’t go down. Now, I’ve probably got several years to wait on this one.
I had the opposite problem with MAIN. I admit that I sold MAIN too early; but I had a very small stake and took the quick profit.
If I’m using TW methods correctly, then I submit that TW is good for identifying buyout candidates…SOCC, NHCI, and PLI were bought out in 2001 (my first-ever TW pick, OAT, was agreed to be bought out by PEP in 2000).
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My year-end profits for the 2000 was 40%. I never figured out percentages for every stock held, currenty no time. This includes any stock sold for profit/loss and any stock that was still held.
The gurus will take the value of the stock on the 12/31 and figure profits/losses for year-end. At least it gives you a nice peak into what you have done or not done.
Anyway for 2001:
Profits:
KCS 123% (perfect TW stock, bought around $1.25, they were coming out of bankruptcy.) Should have made more learned a valuable lesson on the stop sell on this one. Assumed it would top out between 10 and 14 topped out around $10.50.
RYOU 77.5% - More to come on this perfect TW as far as I can see.
UIC 38% - This one I believe getting prepared to bust past 20.00 a share...possibly on a new accumulation base.
MCL - 4% , could kill people talking me into selling these stocks when I know better...currently around $10 a share.
SCRI - 3% Loved the true TW formation something all beginners dream of a nice sound base accumulation then it starts to rise. But it never did just go straight up. It seemed to roller coaster. Since we were new in the TW theory it was making us sick to our stomache and I didn't want to take short profits without the formations being copmlete. Well boy did I learn about not watching a stocks action daily. Very hard to decifer. Whether these stocks will recover or not... I quit watching when it hit $26 a share, bought at $11 could have bought again 3 x at $7.00.
Losses:
PSI 117% first of 6 stocks bought on the TW theory didn't understand the break in a downtrend as much as I thought I did.
EECN 101% this is the one investalator picked and which also delisted...
Very content in my understandings and readings. i am back to holding on a lot longer. I don't want just 10 or 20% I want to hold on for at least 100% if the stock is going to rise that high.
Good luck in you studies,
Dot
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Just wanted to explain a few things on this one. I made several buys after I entered in the stock which lowered my percentage, if I had only made one buy I would have recouped 320%. What a deal....
How in the world would anyone know if someone is coming out of bankruptcy. Well, I would not have and that is why the stock was trading so low. So once a company file for bankruptcy everyone abandons ship. How does one not get stuck at the bottom of the ocean this I don't know the answer to.
I saw the chart, but a friend brought it to my attention. This was a wonderful thing and really turned my interest to the penny stocks, however, the patience takes longer and for about every 5 you buy you will lose your investment on three. This I have read from guru in the paper and I can believe it.
I will own KCS stock again. It is now trading below $2.00. If the chart repeats itself within the next year it should be due for another rise.
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I may have confused you. An insider informed me of this stock. As I saw the TW formations. I realized he would be correct. KCS had already filed for bankruptcy, my insider was telling me they were coming OUT of bankruptcy. Therefore, being ever too cautious I didn't invest a whole lot. Once the bankruptcy was lifted. I invested more money. That is what I was trying to explain about the 300% profit.
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I am at 165% annualized at this point. That changes day to day. My best shortterm performer is BXG. I bought @ 2 back in June 2001.
I own eight stocks . I will be buying crv Tuesday (2-19-2002)
If you are interested in more TW sites, come look at my "Technical Traders Haven". http://www.angelfire.com/wv2/b_stewart
Good Trading! Ignore the News!!
Brad Stewart
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