This is totally ridiculous. Anything that has security, surveillance, defense, monitoring etc. in its company description goes up like crazy. The most exciting game in all this is to guess when it crashes. Do I sense correctly that a lot of good stocks are being ignored because of this stupid security bubble?
Yeah, I'm throwing money away with prop trading except I NEVER RISKED ANY OF MY OWN MONEY. Dumbass, I've gained greatly from prop trading since Nov 2003 and I also have a separate account for long term holds and swings with options which is UP by over 50%. Pretty stupid assumptions just because I had an opposing view of this bubble "investing" strategy. If you make money cause you got in early, then great.
Mecro, This is not a "bubble investing" strategy. This is a market strategy that happens to have plays/moves exemplified when the broad market is in a speculative "buy happy" type of mood.
For those of you that would like more information regarding bill's method, here's a couple of his recent informative posts from turtletradingsoftware: http://www.turtletradingsoftware.com/forum/viewtopic.php?t=772&highlight= http://www.turtletradingsoftware.com/forum/viewtopic.php?t=998&highlight=
RIMM was in the 180's in late 99 or early 00 -- I know because I sold shares at that level and a few months later they were worth 40 or so... Had I only known ASKJ was a funny one "in the day". It could move 10 pts on under a million shares...
is now oneof the hot daytrading stocks who would have thought it possible a sleepy low float name could do so much volume or have so much volatility