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I already own HAR, it has been a great performer. I look forward to another 15% out of it!
From the rest, I like COF- why do you say the timing might not be right? Looking at tech indicators I thought a trade there would be the best timed of all. Rising MACD even on light volume, stochastic just took a bounce off the 80 line to head higher and crossover - seems to be timed well. The low average trading volume is a concern, but not one I have let stop me before. The price is sitting right on the 9 day ema, no extension to worry about so I can keep a stop loss tight. I am probably going to put in a buy order at $65.25 to catch a volume move up.
So oh huge one -- do yu think COF is a good play from the Mr Market perspective? In general what do you think of plays on the other 4 of your top five picks? How do you decide amongst the last five? And where do you get the great fundamental info you always write about when you make a pick?
Neal
I already own HAR, it has been a great performer. I look forward to another 15% out of it!
From the rest, I like COF- why do you say the timing might not be right? Looking at tech indicators I thought a trade there would be the best timed of all. Rising MACD even on light volume, stochastic just took a bounce off the 80 line to head higher and crossover - seems to be timed well. The low average trading volume is a concern, but not one I have let stop me before. The price is sitting right on the 9 day ema, no extension to worry about so I can keep a stop loss tight. I am probably going to put in a buy order at $65.25 to catch a volume move up.
So oh huge one -- do yu think COF is a good play from the Mr Market perspective? In general what do you think of plays on the other 4 of your top five picks? How do you decide amongst the last five? And where do you get the great fundamental info you always write about when you make a pick?
Neal
I already own HAR, it has been a great performer. I look forward to another 15% out of it!
From the rest, I like COF- why do you say the timing might not be right? Looking at tech indicators I thought a trade there would be the best timed of all. Rising MACD even on light volume, stochastic just took a bounce off the 80 line to head higher and crossover - seems to be timed well. The low average trading volume is a concern, but not one I have let stop me before. The price is sitting right on the 9 day ema, no extension to worry about so I can keep a stop loss tight. I am probably going to put in a buy order at $65.25 to catch a volume move up.
So oh huge one -- do yu think COF is a good play from the Mr Market perspective? In general what do you think of plays on the other 4 of your top five picks? How do you decide amongst the last five? And where do you get the great fundamental info you always write about when you make a pick?
Neal
Actually COF ran a very close 2nd....they actually do better if interest rates bump up a little because people move away from home equity lines into those short term credit card deals.
I have answered your questions in another post, perhaps someone else can dig it out.
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