Today’s guest post is by Henry Brookins. Henry is a former hedge fund manager with 18 years of trading experience. He is a graduate of the US Naval Academy and holds a dual Masters of Science degree in Meteorology and Physical Oceanography. He is the founder of Stocklooker.
I could just “give you the fish and feed you a day, or teach you to fish and feed you a lifetime.”
Today I will teach you to see the water ripple created by the fish swimming, then you will know where to cast your net.
While the Federal Private Reserve Banking Cartel pumps trillions of printed dollars into the stock market to prop up underfunded Pension funds, it’s easy to make money in this market if you are a rookie – just buy AAPL or PCLN and go back to sleep. I proposed a “Too Big to Fail” model portfolio of stocks on my website February 15, and by the close yesterday it had gained 10.2% (120% annualized). The Banks (and Obama’s Administration) are going to do all in their power to support the markets through the November elections.
One day, maybe a 100 years from now, we might see a stock market that is less manipulated. When that time comes, you will need to know how to find fish for yourself. I use a few searches to find my fish, and these searches work even today. The reason I like to find stocks few people know about is because they are much less manipulated my market makers and computers, and these stocks can make large gains before institutions enter them. Often times it is institutional buying that my searches find, which means I can usually get the stock early in a run.
Ready for it?
“Volume footprint” – I started using this phrase about 15 years ago and I don’t recall seeing anyone else using it – so here’s my definition. A volume footprint is a period of 3-7 days of higher than average trading volume in a stock, while the stock is in a basing pattern, or just leaving a basing pattern.
I simply have a search I use that finds these little footprints for me, and I watch the price and action of the stock price as the volume increases.
Here’s some examples from yesterday’s search…..
Don’t be fool by how simple this concept is. If you do this scan on a regular basis you will greatly increase your chances of “hooking” a whale.
I don’t fish, but once I puked my guts out on a tuna boat in Cabo after a hurricane. Some day I will write about that, and if you don’t want to miss it, why not subscribe to bclund.com Via E-mail or Via RSS?
(Note: If you are new to my blog, I post about all sorts of things. Sometimes it involves something extremely personal, like creating a 30K baby or my Monster Trades. Other times it deals with hot ex-porn stars who trade stocks. And sometimes it’s about how to avoid “suicide”. But a good place to start is The Best of bclund. If you like what you read, please tell a friend. If you don’t, please tell two friends.)








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