ORIGINAL INSTITUTIONAL STUDIES UPON REQUEST NEM example - 2/5/2008
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Daily Commentary about SSRI - Silver Standards
2/27/2008 - on Red Buy
The technical analysis concepts here are all descrbed much more in our books, Help routines
and software instructions.
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All the tools used here are available in our TigerSoft Introductory Software... Only $99.
Introductory Notes
Warning: The comments are made by the author, who has more than 25 years'
experience trading with these tools. But the tools and the author are not infallible.
(I wish!) So, anyone making trades based on this information must do so entirely
at their own risk and understand that the stock market is inherently risky and is often
very difficult to predict. Even insiders may lose money. I believe these comments
will help you understand better how to trade using TigerSoft tools. And I believe,
trading with them will make your investments safer and much more profitable.
The red Buy and Sell signals are based determined by the software automatically.
the computer screens the trading results from more than 60 different trading systems
and then posts the best for the last year. The best trading system often continues
for many months and even years because each stock has its own personality based
on the type of traders who buy and sell it most often. Very often professionals control
the stock's short-term swings based on the tools TigerSoft uses. To see how successfully
professionals rig these movements, use TigerSoft.
TigerSoft charts show the technical system which is most profitable for any stock
and how profitable that system is. To prevent others from copying our software, I
have taken off the charts shown here the basis of the Red Buys and Sells. The trading
results are provided. Unless otherwise stated, they include all the trades from long
and short positions, where we assume $10,000 is initially used and each trade costs
$40 in commissions and slippage. It is assumed that the trades are taken at the
close of.the day of a Red Buy or Sell signal. However, the trading results can also be
shown based on taking and closing out positions on the next day's opening after
a Red Buy or Sell. When this is true, I point this out explicitly.
2/26/2008 (c) William Schmidt, Ph.D. www.tigersoft.com
SSRI is on a new Red Buy. It has moved up two days since our automatic Buy. Today, it closed
decisively above the resistance posed by its nested 50-day, 30-wk and 200-day ma between 35.5 and 36.06.
It did so on unusual (red) volume, (See bottom chart ) And, most interesting, is the fact that its Opening
Power and Closing Power are both rising. These are unique TigerSoft tools. Suffice it to say here, the
stock is in the nest of all worlds: it is opening higher and closing higher than the opening. This is normally
very bullish.
Te automatic Buys and Sells that work bets here are short-term trading signals. You can see the frequency
from the chart. All the signals's results can be listed, showing the results using the days' opening prices
following a Red Buy or Sell. .
Buying on the next day's opening after a red Buy would have resulted in 15 trades since 5/4/2007.
Reinvesting the proceeds, the gain would have been 59% since the first Buy on April 20th, 2007.
12 were profitable, averaging +5.5% per trade. 4 were unprofitable, averaging 4% each. Taking each trade
and compounding the trades would have turned $10,000 into $15,886. This is $6080 better than buying
and holding. Note that this data assume that you start with $10,000 and each trade costs $40 in commissions
and slippage ( the difference between the bid and the ask). The stock was sold on the opening the day after the
next red Sell. That is what we will do here. Someone using our software can usually anticipate what it
would take to get a reversing Sell, because the trading system used here is explained by the software.
With Silver runnning upwards, one would think it only a matter of time before SSRI recovers back
above $40. The black OBV Line has been declining and is weak compared to price. Aggressive buyers
have been missing until today. Wait for next red Sell. The TigerSoft Accumulation index is now in blue
Accumulation territory. What has been holding the stock back has been the convertible bond issue which
has been successfully concluded and the fact that opening their Argentine mine is costing 50% more than
anticipated. Something was causing holders of the stock to sell on intra-day rallies. With Spot silver now
above $19/ounce, those fears are being replaced by recognition that the estimated Silver reserves from SSRI's
mines keep growing with each announcement. .
I was concerned that this silver stock has not been able to go up when silver is rising to new highs. And
wondered what it would do when Silver goes down in price. Right now Silver and Gold are in the third wave
of the third wave up since their 2002 bottoms. See - http://news.goldseek.com/GoldSeek/1201071840.php
and http://www.tigersoft.com/Tiger-Blogs/February-10-2008/index.html
Earnings came out two days ago for its competitor PAAS. They were very strong. I believe SSRI
has been held back because it has potentially diluted its shares by raising $120 million by offering convertible
notes, convertible at 43.33 .
Day of the Week Trading Pattern.
When we look at the data for the last
year, and TigerSoft makes this very easy, we see that Mondays
and Tuesdays are much more likely to
bring weak openings and closings than Wednesday, Thursday
or Friday. Buying at the close on
Tuesday is often very profitable, as Wednesdays produce a higher
opening 56.3% of the time and an even
higher close 59.9% of the time. Thursdays are up 52.7%
of the time and Fridays show rallies
52.7% of the time.
