Spike’s 8 (every weekend)
The new location for Spike’s 8 picks, discussion, managment and tracking is at Scuttlebutt (click here).
HISTORY
8 stocks with bullish potential from Monday’s open.
Method: Candidates are filtered from the Voodootrader Top 100, using a top-secret formula and methodology that identifies short-term bullish trends.
Spike’s 8 open portfolio:
Spike’s 8 Stopouts (-4% each)
IGLD BJGP GSOL AXR AZZ HINTW BIOV COGO COGO BDY GOAM CCF HRT CNS BUF MSI LUFK KSW JST ISIG ALY OIS OMCL HRT ACP AZZ RBC RBN RBN RMKR GIGM SOFO FTEK STEC STEC CAL SVVS TTG UAHC XIDE
Spike’s 8 for this coming week
(February 12 2007)
HRT INPH ISIG LXU NEXC RMKR USAP XIDE
ROCM +45% in 15 trading days!
FTGX +40% in 15 trading days!
NTY +30% in 17 trading days!
APAC +25% in 7 trading days!
MEH +22% in 6 trading days!
AXR +19% in 9 trading days!
CHDX +13.5% in 1 trading day!
CLEC +18.5% in 25 trading days!
(assuming -4% stops and letting winners run.
These percentages are maximum profit moves from entry)
********
Previous weeks (5-day performance only):
-3.2 -1.16 -0.93 +4.28 +1.2 +0.8 +2.36 +2.22
62.5% chance of a green week. Average weekly result is +0.6%. Average winning week: +2.17%. Average losing week: -1.76% W/L = 1.23.
Here is the equity curve based on those numbers:
Not bad really. Imagine how good that curve would be if I calculate holding the winners beyond Friday, to capture those big moves identified above! And so at this point of the system I shall cease tracking weekly performance and instead I shall make one big portfolio to track them all, and to track all the stopouts. I’ll take profits where sensible, and keep the -4% stop rule. Let’s see just how good I can get that equity curve!
Details of prior 8 weeks:
End of Week 8 (Feb 5-9, 2007)
HINTW, BJGP, CLEC, CHINA, INAP, JST, CCF, ICE.
With 4% stop weekly average is +2.22%
CLEC +12.24%
CHINA +6.51%
ICE +4.67%
INAP +4.5%
CCF -2.15%
HINTW -4%
BJGP -4%
End of week 7 (Mon Jan 29, 2007)
HMSY CNS SVNT MALL NEXC BUF CCOI ACP
With 4% stop weekly average is +2.36%
HMSY+10.35%
CNS +5.5%
SVNT +4.08%
MALL +3.14%
NEXC +2.61%
CCOI +1.25%
ACP -4%
BUF -4%
********
End of Week 6 (Jan 22-26)
(GSOL HRT IGLD MSI ISIG HMSY PCCC PNCL)
With 4% stop, weekly average is +0.8%
ISIG +11.76%
MSI +9.57%
GSOL -4%
HRT -4%
HMSY -0.87%
IGLD -1.36%
PNCL -2.31%
PCCC -2.43%
********
End of Week 5 (Jan 16-19)
(APN CHDX CHINA FTEK BIOV ROCM STEC SOFO)
With 4% stop, weekly average is+1.2% .
********
End of Week 4 (Jan 8-12)
(APAC CLEC ISIG KSW MEH COGO NTPA RBN)
Using -4% stops:
TOTAL+4.28% on initial.
MEH +15.24%
APAC +14%
CLEC +8%
ISIG +3%
KSW -4%
COGO +2%
NTPA 0%
RBN -4%
********
End of Week 3 (Jan 3-5)
(NTY TTG COGO NTPA AZZ ISIG AXR GOAM)
Using -4% stops:
TOTAL: -0.93% loss on average.
NTY +3.5%
TTG +2.25%
COGO -0.5%
NTPA +0.3%
AZZ -4%
ISIG -1%
AXR -4%
GOAM -4%
********
End of Week 2 (Dec 26-29)
(FTGX SRVY PCCC AZZ GIGM SVVS UAHC BDY)
Using -4% stops:
TOTAL: -1.16% on average.
FTGX +4%
SRVY +2.25%
PCCC +0.5%
AZZ -0.5%
GIGM -0.5%
SVVS -0.5%
UAHC -4%
BDY -11% gap down
********
End of Week 1 (Dec 18-22)
(STEC RBN LUFK RBC ALY OMCL OIS CAL)
Using -4% stops:
Total -3.2% average.
STEC -4%
RBN +1.5%
LUFK -4%
RBC -3%
ALY -4%
OMCL -4%
OIS -4%
CAL -4%