EOM Garden II Prep: Step 9 4.20.17
Suppose a man’s line (position) is five hundred shares of stock. I say that he ought not to buy it all at once; not if he is speculating. If he is merely gambling the only advice, I have to give to him is, don’t. Jesse Livermore
Today at 1 PM, CST I will be at the regional newspaper, the Southern to introduce my new ‘Intro” level column and answer questions on a Facebook Live session. Live is always interesting, to say the least. Check it out.
We continue with the All-Star B-list candidates in our next Garden Growing application exercise.
Allocate amounts/prices/shares of PTY from the All-Star B list (BA 2) on the worksheet. In this phase of the training, I analyze each candidate, extrapolate the number of shares purchased with an estimated target price then determine alert conditions.
Key Points on PTY
Action Points for Setting Alerts
1. Price closes under the 6 SMA
I highlighted (red areas) the indicator levels when PTY made previous runs. The institutions will have their alerts set for a duplicate scenario. I plan to do the same.
Per my DOE Sample worksheet, since no one knows the exact price when the Simple Simon Buy Signal hits, I extrapolated an (R1) targeted $14.00 entry price.
This would give us 35 shares. Any unused funds are swept into the Round Two (R2) allocation for future opportunities.
For those wanting to be all in simply allocate all 1K.
When my analysis is complete, I plan to compile all steps into a single PDF document, available exclusively to EOM Members.
If you have questions, please send them to firstname.lastname@example.org.
The rest of this week, we continue with the All-Star B candidates for our next Garden.
Enjoy your day,
David O. England
Plan your work, work your plan, and share your harvest! 1 Timothy 2:1-2
DAVID O. ENGLAND is the founder of the Eye on the Market-Training Academy and Associate Professor Emeritus of Finance. This column is presented for educational purposes only and not intended as financial advice.
If you have a question or comment, contact David England at email@example.com.
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