Up-Coming events:

April 2008 Seminar at Sea cruise to Panama Canal - Update

 The cruise will be departing out of FT. Lauderdale on April 12th, 2008. It’s an 8 day cruise to the Panama Canal with 4 sea days of classroom activities. We would love to have everyone join us! Complete details can be found on the Tradingourway website.

We finally have come down to the time when decisions must be made as to the status of the cruise, the seminar and our set of instructors. 

Good news is we are still going to do the seminar and cruise.

The bad news is that Tina Logan will not be coming along as one of the instructors because I did not reach the agreed to 20 seminar attendees. I can only say I am sorry to have failed making that happen. Those of you that know Tina know she is an excellent instructor. Her skills in swing trading and her disciplined approach to the trading process is terrific. I want to make it perfectly clear that this was always the agreement between Tina and myself and we have posted all along in the FAQ’s that we needed a minimum of 20 seminar attendees. 

 However, it isn’t all bad. The void will be filled by Lawrence Cavanagh and myself. Lawrence does an excellent job on the basics of option trading and how to get the most out of Valueline option service. So we will have more time for him to expand on option trading which can be used by traders and investors. Plus, with a smaller group we will have more  time to spend with each individual.  

 I had originally planned that Tina and I would both cover all the steps to trading/Investing. So I will be expanding my part to do more in-depth sessions.

Also there is good news for all, we are reducing the cost of the seminar to our previous: 

Early bird special price of $495  from the current price of $795. 

I have been informed by our travel agent, Joyce Moore, that we are down to only 8 cabins left at the listed prices and they must be filled by December 15, 2007. After that time cabins will be available only on a best effort bases at current cruise line prices. 

So if you know anyone that might want to take advantage of this terrific offer please have them sign up before Dec 15^th. 

For questions on the cruise call Joyce Moore 407-382-4092. Seminar questions call Kermit Prather 813-681-5427

Previous Issue:

We gave you our opinion of the possibilities of a Christmas Rally.  We started with a snapshot of the DJ-30 and followed with a list of strong up-trending stocks.
 
   
 

This Issue:

we are going to follow-up on the DJ-30 and the list of stocks with new comments based on this past week's market. Certainly, nothing in this week's market would change our minds about a possible Christmas rally.




Let's take a look at the 18 stocks we listed last week and how they did this week. Last week our Reward to Risk (RR) columns were based on our expected entry price. This week they are based on the last closing price. So you will notice many of them now have Reward to Risk (RR) values to low for a safe entry based on Target #1. That's because these stocks all went up last week and the entry is now showing green.however, for many Target #2 still makes these potentially good trades.
 
You will see that the gold stocks have had their RR go up considerably. That bring up the question of when is RR "to good to be true"? My answer is "never" as long as you keep to stop price in mind and make your decision based on your style of trading.

Notice the RR on RIMM is now reflecting zero. That is because the last close price is below the stop price and the cell has been coded RED noting that it is no longer a valid candidate based on our previous expectations. We either eliminate this one or re-evaluate our expectations. I would choose to eliminate it. Stick with the good ones and don't try to make a poor performer acceptable. There is always another trade. No matter how much we may like a given stock sometimes it is just not the right time to get in a trade. 

Overall ,it was a good week for this list as we had 13 winners and 5 losers which were the gold stocks and RIMM. Normally, I would be adjusting the stops every few days but decided for this example to leave them where they were. Too many changes would only serve to confuse everyone. Remember, my entry and exit points are not necessarily the same as yours. So you decide what you would do.

       

  

Worden Brothers is offering a terrific deal on their charting software. Never before, to my knowledge, have they offered a 90 day money-back guarantee. So now is the perfect time to try it out. However, the offer is only good through Dec 10 th. Should you decide to give it a try , please use my affiliate number AF131 when placing the order.  You can call 800-776-4940 or click on the picture below:


You may be asking yourself, why do I want such a tool?

Below is a capture of my watchlist for the 18 stocks we have been discussing. It is just one example of how I use Telechart to help me see the price movements at a glance. I can see right away that ABX, AEM, and RIMM are in a 30 day decline.


 

Summary:
 We hope that everyone had a great Thanksgiving and will have a terrific Christmas and New Year. Take the time to enjoy your loved ones and hug the kids.

The information in these newsletters are but a small fraction of what will be covered on our "Seminar at Sea". We'll be showing you how to find stocks like the ones above and how to analyze them for your trading.  Plus, so much more.


 Wednesday was the first day of Hanukkah. So let's wish all our Jewish friends and everyone,

 Happy Hanukkah,


 Please feel free to send an email to kermitp@tradingourway.com  with your suggestions, complaints or questions. Your feedback is important to us.

Also, Please feel free to forward to your friends by clicking on the "Forward to a Friend" below. 
 
Thank You and good trading,
 
           Kermit Prather