4-27-2012 mid day comments
I see most CANSLIM stocks working. As I posted yesterday I believed the exposure model was going to get more long. We are at 75% investment with an exposure count of +3. We had the B3 and B6 buy signals yesterday. The Market School exposure model kept us in the market continually since December 20, 2011. I have kept pretty much within one count of the exposure recommendations. I am a little behind the 75% limit right now. I hold URI, ISRG, LNKD, FRAN, and PCLN.
It looks like my climax run read of GNC the other day was premature.
Your guidance is tremendous
[QUOTE=mscott;22020]I see most CANSLIM stocks working. As I posted yesterday I believed the exposure model was going to get more long. We are at 75% investment with an exposure count of +3. We had the B3 and B6 buy signals yesterday. The Market School exposure model kept us in the market continually since December 20, 2011. I have kept pretty much within one count of the exposure recommendations. I am a little behind the 75% limit right now. I hold URI, ISRG, LNKD, FRAN, and PCLN.
It looks like my climax run read of GNC the other day was premature.[/QUOTE]
Mike,
I have found your posts to this forum to be most helpful. Following your lead has led me to some nice profits. I am also a fan of the HGSI user group. What I have learned from both groups is definitely making me a better investor.
Thanks again Mike. Keep up the good work.
Stephen
Draw Down During Pullback
Hi Mike,
So I can get a sense of the amount of pain that one would have to endure tracking the model on exposure near the recommended % invested, I was wondering how much equity draw down (%) did you endure during this recent pullback?
I track my draw downs from the end of day equity peak to end of day trough.
I see a lot of hedge funds prefer to report only only end of month numbers which which I believe greatly obscures a lot of equity volatility that I feel in my trading day in and day out, and covers up very painful draw downs incurred during a month.. but, it's usually other people's money they are managing, so I get how this helps with client management issues.
Have a great weekend,
Shawn