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

The forecast EPS for YouGov (LON:YOU) looks wrong, H1 adjusted EPS was 9.6p, forecast for the whole year is only 13p. Historically H2 earnings have been greater than H1. If that happens again EPS will be over 20p. I also took a small position as it broke out. It would be great if it could form another handle around 510p.

YouGov (LON:YOU) is definitely late stage 2, it began its current run back in 2010 at 35p. Since then it looks like there have been at least 5 bases, possibly more.

I don't think its possible to construct a screen to find stocks about to break out or just breaking out, the final check has to be looking at charts individually. With all the resources Mark has available he still looks at hundreds of charts daily.

I am still very lightly invested in stocks, my main trading account is approx 95% cash. Only a handful of stocks have broken out of bases in a decisive manner with limited pullbacks over the past few months. I personally think we have been in a "hard penny" enviroment for nearly a year. There are some stocks possibly setting up but I remain cautious for…

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