Fri 11:41am


About Me:

Started buying stocks 2003.  Previously (2003-2017) a fundamentals driven value investor who completely ignored charts. Since April 2017 have used Mark Minervini's method of using charts and fundamentals.

When trading U.K stocks I ignore Mark's $12 share price rule as this would severely reduce the pool of potential stocks to trade. 

Both Mark's books are highly recommended.

Unwise2's Latest Blogs

Mark has been interviewed by Stocko a couple of times and from some of the comments on various threads there appears to be a few of us using his methods to trade the U.K stock market. I thought it would be useful to have a dedicated thread where we can discuss how well its working. Personally I have been in cash at least 50% since…

In a recent small cap value report Paul asked the following question: "As I've been saying for a while, BOO is expensive now. However, today's update shows us why. Where else can you find this type of very strong organic growth, on high gross margins?" My answer is Skechers. According to stocko Boohoo.Com (LON:BOO) is forecast to grow EPS 30.2% in its current financial year…

Unwise2's Latest Comments

Now not sure that Trans-Siberian Gold (LON:TSG) qualifies, as the doubling took longer than the 8-weeks allowed.Mark frequently says trading is an art not a science. The rules* he has written in his books are slightly fuzzy. If a stock moved up 95% in eight weeks or 100% in ten weeks that doesn't completely rule them out, it's up to the individual trader to decide…

Just so many fake-outs and been quite volatile so I don't feel comfortable with this breakout. I've been stopped out a couple of times in the past yearTo my eyes Avast (LON:AVST) has only formed one handle (end of Feb) that has failed in the past 12 months, the break out in May never formed a proper handle and failed immediately.

Tough to call on IG Design (LON:IGR), it appears to have bounced off support around 574p, its 2019 EPS growth was good but it appears to be stuck in a trading range after very briefly breaking out.

Agree Avast (LON:AVST) is a bit tricky, I bought some yesterday and I am using staggered stops.

The U.K continues to be a "hard penny" environment. Over the past 3 months my win loss ratio has been 33.3%/66.6%.  My gains have been bigger than my losses and my position sizing has been small so I am effectively at breakeven. Avast (LON:AVST) has broken out of a 2 month base after setting up a handle, it has also created a 9 month ascending…

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