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Barchart.coms Chart of the Day - Genuine Parts (GPC)
Barchart Research Team - Barchart.com - 54 mins ago
Related Stocks GPC - Genuine Parts Company [IMG]http://www.barchart.com/imagechart.php?sym=GPC&style=thumbnail&open=1&plot=AREA&width=235&height=120¬itle=false&data=I:15[/IMG]SymLastChgPct [COLOR=#0066cc]GPC[/COLOR]61.57+1.07+1.77%
The "Chart of the Day" is Genuine Parts (GPC), which showed up on Friday's Barchart "All Time High" list. Genuine Parts on Friday posted a new all-time high of $61.65 and closed up 1.77%. TrendSpotter has been Long since Dec 2 at $59.52. In recent news on the stock, Genuine Parts on Oct 18 reported Q3 EPS of 97 cents versus the consensus of 94 cents. Management said it sees gradual gross margin improvement in fiscal year 2012. Genuine Parts Company, with a market cap of $9.3 billion, is a distributor of automotive replacement parts in the U.S., Canada and Mexico.
Barchart.coms Chart of the Day - Perrigo Company (PRGO)
Barchart Research Team - Barchart.com - Wed Dec 21, 8:43PM CST
Related Stocks PRGO - Perrigo Company [IMG]http://www.barchart.com/imagechart.php?sym=PRGO&style=thumbnail&open=1&plot=AREA&width=235&height=120¬itle=false&data=I:15[/IMG]SymLastChgPct [COLOR=#0066cc]PRGO[/COLOR]100.96+0.18+0.18%
The "Chart of the Day" is Perrigo Company (PRGO), which showed up on Wednesday's Barchart "All Time High" list. Perrigo on Wednesday posted a new all-time high of $101.64 and closed up 1.66%. TrendSpotter has been Long since Nov 29 at $97.74. In recent news on the stock, Perrigo on Dec 8 rallied on news that it would be switched from the S&P Midcap 400 to the S&P 500 index. Caris on Oct 28 upgraded Perrigo to a Buy from Above Average and raised its target to $125 from $120. Collins Stewart on Oct 28 said that Perrigo's weakness at the time was a buying opportunity and that investors were overlooking the company's margin expansion. Perrigo Company, with a market cap of $9 billion, is the nation's largest manufacturer of store brand over-the-counter (non-prescription) pharmaceutical products and also manufactures store brand nutritional products.
Barchart.coms Chart of the Day - Progress Energy (PGN)
Barchart Research Team - Barchart.com - Tue Dec 13, 7:37PM CST
Related Stocks PGN - Progress Energy Inc. [IMG]http://www.barchart.com/imagechart.php?sym=PGN&style=thumbnail&open=1&plot=AREA&width=235&height=120¬itle=false&data=I:15[/IMG][COLOR=#0066cc] [/COLOR]SymLastChgPct [COLOR=#0066cc]PGN[/COLOR]55.80+0.18+0.32%
The "Chart of the Day" is Progress Energy (PGN), which showed up on Tuesday's Barchart "All Time High" list. Progress Energy on Tuesday posted a new all-time high of $54.79 and closed 1.14% higher. TrendSpotter has been Long since Dec 3 at $53.88. Progress Energy was last featured in "Chart of the Day" on Sep 8 at $48.72. In recent news on the stock, Progress Energy on Nov 3 reported Q3 adjusted EPS of $1.16 versus the consensus of $1.17. The company said it sees its merger deal with Duke Energy closing on Jan 1. Progress Energy, with a market cap of $16 billion, is an electricity and natural gas provider in the Carolinas and Florida.
As I have the Bill15 portfolio in another thread and it started on 28 Nov with $250,000 I have gone back and got the barchart chart of the day since then and bought at open roughly $12,500 (the last few being lighter as I ran out of cash).
Visa has come up twice once on 1 Dec and then again recently so only the first purchase is done.
So we have 20 stocks which is enough for diversification.
We have the $250,000 invested so now I can compare it to the bill15
(There is also a bill8 which was started with $100,000 and has SDS hedge in it.)
I'm not too sure if I should trade this or leave it be.
I think I'll review it each Friday and look to sell some or all of any that are overbought and stop-out of those that are broken down. Other than that, I'll use a buy & hold, if the trendline is intact I'll stay in.
Who is your broker? Your commission seem awful high.
I guess with your style of trading it's not as big of a deal as it would be if you were an active daytrader. But when IB charges 50 cents per 100 share, your $9.99 commissions really stand out.
(I am not sure that we are in a bull market or if so where in the market cycle or what will happen should the Eurozone fall-apart.)
I was hoping that different people would offer their ideas and then I could use their input and debate on strategies to decide on one. (I did not start this exercise with a pre-defined strategy - as one might guess).
This is a learning exercise. I'm not trying to say what works and tell readers of the thread but rather engage them for input and hope together we might discover and learn.
So I'll offer something to start the ball rolling.
I want to see what the barchart chart of the day does -how it performs
I have a limited amount of capital so if I don't sell something I'll soon be 100% equity
If a stock has outperformed a group that is all up, it may be due for a pull-back (though still within its uptrend) and I can't buy it back if I have no cash.
If I let a winner run to a loser I won't feel great about that and so I need to pick a sell point that maximizes the winner balancing the maximization against opportunity cost of letting the entire initial purchase run further.
If I hold all the winners then I can't buy more "new entrants" and therfore the new entrants having just broken out may over thier first 4 weeks advance a greater percentage than a winner which has recently become overbought. That is if Google is next and I have stopped buying new stocks then my testing becomes limited to the rather random time at which I started this experiment.
