Wednesday, January 20, 2010

BUY SIGNALS performances so far for 2010

Although it may be a little early for this and the results may be considered somewhat biased, I decided to look back at the performance of the stocks I've given a BUY SIGNAL since the beginning of the new year. I would have liked to do this for some of my 2009 BUY SIGNALS but obviously there has been many of them for which there were consecutive BUY SIGNALS or SELL SIGNALS that I may or may have not signaled, and therefore make it harder to interpret its result. Since I've only given those BUY SIGNALS up to 3 weeks ago, I felt that it would be interesting at how the stocks performed thus far. Keep in mind that the result I came up with may be a little biased since some of these stocks have since pulled back and given us SELL SIGNALS that I haven't signaled. Therefore, the best way I felt to interpret the performance of my BUY SIGNALS was to base this on the stock's price at the time I gave the BUY SIGNAL (which is not necessarily the closing price of that day) and the last high that was hit since then. The green circle indicates the day I gave my BUY SIGNAL, and the blue circle indicates the day when the stock hit its last high. In the end I decided to indicate the highest return you would have achieved if you bought the stock at the price I gave my BUY SIGNAL and held until it hit its high. Since everyone uses a different strategy to trade and don't necessarily follow my Y-Swing strategy, your actual achieved return would vary. Some of these stocks are still in an up trend and are now a HOLD which means the stock could still move higher, while other stock's BUY SIGNAL failed and reversed back down to give us a SELL SIGNAL or are now a WAIT. I have indicated the current updated signal.

MGM
BUY SIGNAL: $10.45
Last high: $12.87
Potential return based on last high: +23.15%
Number of days to achieve return: 7 business days
Current Signal: HOLD


F
BUY SIGNAL: $10.97
Last high: $12.14
Potential return based on last high: +10.66%
Number of days to achieve return: 4 business days
Current Signal: HOLD



SUN
BUY SIGNAL: $27.48
Last high: $29.28
Potential return based on last high: +6.55%
Number of days to achieve return: 3 business days
Current Signal: HOLD

JPM
BUY SIGNAL: $42.85
Last high: $45.19
Potential return based on last high: +5.46%
Number of days to achieve return: 5 business days
Current Signal: HOLD


IMAX
BUY SIGNAL: $14.06
Last high: $14.57
Potential return based on last high: +3.62%
Number of days to achieve return: 2 business days
Current Signal: WAIT


GS
BUY SIGNAL: $173.08
Last high: $178.75
Potential return based on last high: +3.27%
Number of days to achieve return: 3 business days
Current Signal: WAIT (SELL SIGNAL 5 business days ago)


CAL
BUY SIGNAL: $20.66
Last high: $21.25
Potential return based on last high: +2.85%
Number of days to achieve return: 8 business days
Current Signal: HOLD



GG
BUY SIGNAL: $42.52
Last high: $43.53
Potential return based on last high: +2.37%
Number of days to achieve return: 3 business days
Current Signal: WAIT (SELL SIGNAL 5 business days ago)


ABX
BUY SIGNAL: $42.30
Last high: $42.64
Potential return based on last high: +0.008%
Number of days to achieve return: 3 business days
Current Signal: WAIT (SELL SIGNAL 5 business days ago)



Among those BUY SIGNALS, I consider to have given:

5 successful: MGM, F, SUN, JPM, CAL
4 failures: IMAX, GS, GG, ABX

Please note that these assessments are based on the current signals, and can be considered somewhat biased based on how you interpret the data.

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