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Do pretty charts = pretty returns...?

Recs

7

April 14, 2010 – Comments (5) | RELATED TICKERS: MTG , GRT , KODK

I don't know, but I'm trying to find out.

Back on February 20 (two months ago), I posted Pretty Charts (stocks under $10) in which I listed 12 charts I liked the most at that time.

Let's now take the look at the returns of these 12 stocks (worst to best performers):

12. TA   price then (Feb. 20): $5.05   Price today: $3.99   Return: -21%

11. CVI  price then: $8.30   Price today: $8.28    Return: 0%

10. NRF   $4.40   /   $4.62   Return: +5%

9. THC   $5.59   /   $5.96   Return: +7%

8. MSO   $5.68   /   $6.57   Return: +16%

7. TLAB   $6.98   /   $8.53   Return: +22%   (p.s. Tasty, why did you close it so early? :)

6. ODP   $6.57   /   $8.27   Return: +26%

5. RFMD  $4.41   /   $5.68  Return: +29%

4. TRS   $6.14   /   $8.00   Return: +30%

3. EK   $5.99   /   $7.81   Return: +30%

2. GRT   $4.30   /   $6.83   Return: +59%

1. MTG   $7.44   /   $13.00   Return: +75%

So, those are the returns. Please keep in mind that these are 2 months returns and that two of these 12 stocks are rated 1-star stocks and two are rated 2-star stocks.

I'll keep watching this for you. 

Good Luck!  

5 Comments – Post Your Own

#1) On April 14, 2010 at 11:06 PM, jdlech (< 20) wrote:

One thing I found about TA.  You need to keep one unblinking eye on the news at all times.

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#2) On April 15, 2010 at 12:27 AM, Tastylunch (29.38) wrote:

TLAB   $6.98   /   $8.53   Return: +22%   (p.s. Tasty, why did you close it so early? :)

accuracy. I don't care about points in CAPS which I think is obvious. :)

and after picking it I realized I didn't care for its' fundamentals. They wreen't bad, but they ween't great either. So when it went +5 I booked it to free up space.

hope you made outt well on it though DLZ

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#3) On April 15, 2010 at 12:35 AM, dragonLZ (99.31) wrote:

I was just kidding, Tasty (knowing you picked it "based" on the pretty charts post).

I closed it too early too, for the same accuracy reasons, at only +9 points (as TLAB doesn't meet my other criterias like 3-10 or 11-21).  

Good Luck!  :)

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#4) On April 15, 2010 at 1:41 AM, HarryCaraysGhost (99.63) wrote:

What about the thought that-

TA is a self fufufilling phrophecy?

If enough chartists believe so and so will happen, then they will bid the market accordingly.

(Or be very,very wrong)

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#5) On April 15, 2010 at 4:56 PM, dare1182 (< 20) wrote:

Media is not so hot today ..GTN down more than 6% today..it looks like its setting up for a nice dive there dragon..

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