The First Monster Stock Of 2008, From A Perfect Chart Setup, Is Now Up 50% In Little Under A Month

May 14, 2008

Just a public shoutout and congratulations to everyone that recognized DGLY was a near-perfect/perfect chart setup that along with the very strong fundamentals made it a clear MONSTER STOCK. Now while we have two stocks that we have bought that were perfect when they started out, only one has remained perfect. The other one is up anywhere from 5% to 11% depending on where you bought or added but the real MONSTER STOCK that still has the perfect chart pattern is DGLY and now that DGLY is up 50% I can now post it publicly on the blog.

This is a congratulations to those that have studied ALL of my ‘Past Big Winners’ and recognized that this chart pattern MIGHT launch this type of move. This move should just be part of the early stages of a Monster Stock as it has not even been a full month since we went long (the morning of 4/17 and 4/18) and we already have a 50% gain.

To those that have already sold this stock, after I purchased it you have no one to blame but yourself. Instead of watching your stocks intraday, you might want to take a few hours out of one of your days and study EVERY single one of the chart patterns of my ‘Past Big Winners.’ More of these will show up again and others have tried to work out. Earlier this year NEU, CMP, LSR, BRKR, and ADEP have all tried to be Monster Stocks. CMP, NEU, and LSR were OK but all lost that beauty pretty quickly. ADEP and BRKR were failures.

There will be more DGLY’s and there is no reason to miss them when I have almost 80% of all my past big winners posted. There is still a lot more to post from 2003-2007 but I will slowly be getting back to updating that list shortly.

One more time, congrats to everyone that loaded up on DGLY with me and I am only sorry I did not load up on GEOI. A nice 125% gain in 2 1/2 months is pretty hard to come by in this market, yet this stock did it. In hindsight, looking back, seeing it right at the 50 DMA, I should have bought more. But remember, BOP was not max green and leading up to that the stock was not very green during the early part of 2008. Still I have not seen anyone out there recommend a 125% stock in 2 1/2 months. Seriously, I am being honest, if you can point me in the direction of ANY active investor (other than Dan Zanger) who get these kind of returns and has a website, I will be more than happy to sign up ASAP!!

I love James “RevShark” DePorre. But the stock picks have been HORRIBLE since 2004. I hate saying that but it IS the truth. I should know, I was his biggest fan from 1998 to 2004. Since then his stock selection has been slightly above average and I have constantly, personally, selected better longs that produce bigger gains or I am going long stocks way before he goes long and I am holding them much longer than he is. Yes, I know I am no DePorre. DUH! But don’t you think by the time I am 45 that I might be a little bit more professional also. Remember, I am 29 and still think I am 18. Sitting on my fat butt all day and looking at 12 monitors is not how I want to spend my life YET. It IS how I want to spend it when my body shuts down. But damn it, I have MS and a lot of other problems, before I have something really bad happen to me I am living the HELL out of this body.

But I have to admit DGLY feels real good!!!!!!!!!!! Only a perfect barrel at Teahupoo could be better.

I have 15 very large long positions and DGLY is my 3rd largest long. Hopefully, my top two will soon be moving just like DGLY was. However, they sure do not have that PERFECT chart pattern. What a gorgeous chart DGLY is!

Full market commentary will be posted later tonight. Where in the heck is the volume in the NYSE? Can you see the rotation into tech stocks? I will answer these rhetorical questions tonight.

Posted by Joshua Hayes | Filed Under Market Commentary

Comments

2 Comments »

Comment by DeMerchant

2008-05-14 18:43:40

So basically if you were a subscriber to the Silver Package at BWT.com and you put even $1000 in this stock you covered your membership for the year…

Comment by STARLING

2008-05-14 23:40:49

Josh, I owe you a big thanks (again). I recognized DGLY back in mid-April and made my first buy at $7.39 on April 11th, giving me exactly 50% gain. Even though I got to this one a few days before you recommended it on the site, I would not have recognized it at all if I had not already studied every single one of your big past winners that you’ve posted for the last 6 months or more.

Thanks for all you hard work and for sharing the fruits of your knowledge with us.