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I don't want to turn this into a stock picking competition but I do have the urge to comment :eek:


No disrespect or criticism of your picks Nortorious as they are breakouts etc but those types of stocks are ones that can make you money quickly but on average over a longer period my experience has been that they can cost you dearly too.

ABX may be worth a look but the other two would be dodgy imo.


Not wanting to enter into a "mine is bigger than yours" discussion especially on this thread, this post is probably borderline anyway but compare these three as an example of what I am going on about.

AIA

SGT

TTS

(PS - I haven't looked at any of the usual factors associated with these such as ex div, depth etc., I am just picking the pattern only as an initial example)


My way of looking at those in comparison is that they have a consistent pattern and substance for the want of a better description (and they exist in the fundamental upper end of the market).


My way of thinking is that you need more than just a standalone breakout pattern, you also need a resumption or potential repeat of a previous pattern with steady reasonably predictable movement in both directions where you can be almost certain that your stops will have minimum slippage should you be wrong.


I may be wrong but over the years I have shifted away from the quick hit type breakouts to a more steady style of breakout and the results are enough proof that it works for me.


Sorry to derail the thread slightly, just adding my :2twocents


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