ORIGINAL INSTITUTIONAL STUDIES UPON REQUEST NEM example - 2/5/2008
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Daily Commentary about SSRI - Silver Standards
2/29/2008 - New Red Sell
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.
2/29/2008 (c) William Schmidt, Ph.D. www.tigersoft.com
SSRI has switched to a new Red Sell. I believe the overall market has gotten
too weak to allow traders enough confidence to hold the stock. I would take the
profits and wait for the next red Buy, which will be announced here. Silver is still
strong. And the under-writers of SSRI's convertible bond offering may want to hold the
stock up. But we have made our trading profit and can afford to wait for th enext red Buy.
Tke 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 61% since the first Buy on April 20th, 2007.
12 were profitable, averaging +5.4% per trade. 4 were unprofitable, averaging 4% each. Taking each trade
and compounding the trades would have turned $10,000 into $15,742. This is $6024 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). In these automatic calculculation, the stock was sold
on the opening the day after the next red Sell. That is what we will do here. You will appreciate that 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. The software lets you put in tentative data just before the close to
see if a new signal results.
Silver is on a tear. You could read out Hotline to see if we think this is advance is a climactic
finale to the advance from under $4 in 2002. Order the Hotline today. It will help you profit while you learn.
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 58.8% of the time and an even higher close 58.8% of the time. Thursdays are up 52.0%
of the time and Fridays show rallies 53.8% of the time. By contrast, for the last year, Mondays bring
rises 47.9% of the time and Tuesdays only 40% of the time.
