Professor’s Comments September 25, 2013 Update
Posted by OMS at September 25th, 2013
I received several emails this morning from students who bought Mako Surgical, MAKO, last week when it was topping the Member’s Watch List.
Tom and Denise Y. wrote: I just saw MAKO pre market up $13 a share. I’ve been holding it for a week. The Dean’s list rocks!”
John O. was also in on the action writing “Here’s to hoping that everybody that subscribes to you had at least a few hundred shares of Mako in their portfolio when they woke up this morning. Thanks to you, I did. Thank you Professor!!!!”
Mako is a good learning experience for everybody. If you follow the stock, you can see that after a TLB pattern, it started to turn Green on the daily’s during the may-June period. Then it had a Rope Jump in early August, followed by a pullback that stayed above the moving averages.
By staying above the averages, it pulled the 50 above the 200 in early September, putting the stock into an Uptrend.
Once this happened, it started to attract a lot of institutional interest, and early this morning, the stock popped almost 14 points.
Pretty cool how it works, isn’t it? That’s why I love turn around stocks. They are some of the easiest stocks to trade, once you know what to look for.
BTW, the Dow and S&P appear to be forming the small ‘b’ wave today. If this is the case, we could see one more thrust lower before wave 2 down competes. I just ran The Professor to verify that today’s small rally is not the start of wave 3 up. By only highlighting 2 stocks, he’s telling us not to get too excited about today’s rally.
Almost all of the stocks I have been talking about recently are up today, including SLB, BIDI, RCL and F. And AAPL is down over 5 points! That’s the difference between being in stocks that are in Uptrends vs. those that are in downtrends. And when these same stocks can enter the trend mode where the CCI is >100,….you get nice moves like in SLB, BIDU and MAKO.
That’s why I have been saying….get out of junk and get into trending stocks.
That’s what I’m doing,
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Category: Professor's Comments