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Reminder from: Calendar
Title: Buy Stocks from 23-30 of A Month
Date: Tuesday June 23, 2009
Time: All Day
Repeats: This event repeats every month.
Location: Home
Notes: Here are the some notes of our findings:
1. The average gain for all days (meaning you randomly bought a stock and held it for five days) when it was above its 200-day MA from January 1995-September 2006 was 0.27%.
2. Now, let's look at what happens as we start approaching month end. The average gains rise...significantly. On the 23rd day of the month, the average gain for these stocks more than doubles. On the 24th it triples. On the 25th it almost quadruples! And this type of behavior holds through the end of the month (see table below).
3. Let's go further. Let's look what happens at the early part of the next month. In spite of a strong upward move in stock prices over the past 11 3/4 years, stocks on average have "lost money" for the six consecutive days from the 3rd through the 8th. Money spent is money spent, and it looks like the fund managers spent their money near the end of the previous month.
4. And now let's go even further and look at something which is even more eye-opening. Let's look at what happens after a stock drops the previous day. The returns for those stocks go up even more near months-end. And if the stock has dropped two days in a row, the gains become extreme. On the 25th and the 26th, the stocks which have dropped two days in a row have risen more than 1.5% on average over the next 5 trading days. Annualize that out. One can make a heck of a living with returns like this. |
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狗仔卡
发表于 2009-6-23 01:45 AM
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
发表于 2009-6-23 07:28 AM
