[theory6453]

How long do you guys plan to hold on to IDRA. This bio company will release their phase II results in first half of next year and could be worth north of $35 (being conservative) in few years. I can post the numbers if you guys would like to see.

With regard to how long I will be holding. I have to say in true Weinstein style I have n't looked at what's behind the stock as far as news and fundamentals are concerned. It's hard not to get interested, it's only natural but I think it is best to let the chart be the final arbiter of when to sell. As Weinstein alluded too in SFPIBABM often the big money insiders know what's going on long before it hits the news wires. I have my full faith in that and following the method.

One other thing that I should mention is that we have to thank the main man, isatrader for his dedication in providing us with his daily breakout point and figure scans and the charts he posts up from them of the stocks meeting the methods criteria! I find the one in the elite members section of the whole US markets a boon to finding the best opportunities, if I recall correctly both the stocks above came up on the scans!

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I agree with goodtyneguy… I am going to let Stan’s method and the chart dictate long-term how long to hold. I look at articles like I posted and high future valuations as icing on the cake once Stan’s technical indicators turn positive (IDRA’s indicators rated 10 out of 10 in terms of what I look for)… meaning that they may influence whether I like a stock or not but they are not going to be the main drivers of my buy/sell decisions. Based on IDRA’s recent performance and the other articles/info we’ve seen, I wouldn’t be surprised at all if IDRA has a fairly nice Stage 2 run in the into next year (let’s hope) and I will likely be adding to my position on pullbacks as my portfolio and finances allow (providing that the chart continues to support it). Even if all goes well with IDRA in the next few years and those monster valuations are correct, there will probably still be periods where it will move sideways or even down for a time, at which point I will follow the method and move out of my position and look to move back in on a further Stage 2 continuation move.

All in all though, IDRA has my attention and I will be following it VERY closely to see what the future holds.

***PACB looks by all accounts to be in a nice Stage 2 as well so I may look to add it to my holdings on the next pullback once I research it further.

Here, here!!! Thanks to isatrader for his diligence and dedication as well! This forum is amazing and the info provided from the community here is invaluable! I can’t speak highly enough! If you are reading this and are not an Elite member, you need to be!

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I took small position in the shipping stock GLBS near the close on Friday just gone on the secondary pull back entry where it has been getting daily support.

It's far from an A+ opportunity as the volume on the BO does not quite meet the requirements and according to the Ichymoku cloud it still has a little work to do to clear resistance. I entered this one as an accumulator in stage one rather than expecting to see it immediately evolve into a stage 2 mainly because of it's 10.87% dividend yield. I don't mind waiting if I'm getting paid and can look forward to higher pay outs.... if all goes to plan of course.

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If GLBS clears its resistance in Oct/Nov (which you mentioned) and breakouts above $3.50-$3.60 range with some good volume, I think it will be in pretty good shape for a nice Stage 2 breakout IMO. I would like to see that MA move up some more and a nice volume spike. Marine Transpo has been a good sub-group for me recently (BALT, EGLE) so I hope GLBS can continue the trend.

BTW, I checked Google Finance and Dividend.com and it said that GLBS suspended divs in 2012. Do you have info on a 2013/2014 payout date? Just a heads up as it sounds as that is a tentpole of your strategy.

Good luck.