Long ICMB @3.23Got in mid-day as it pulled back from the open to Friday's closing price.
Indicator and strategy are 17-0 in the last 12 months on this one. While the stock was down about 18% over the last 12 months, here are the stats on this strategy in that time frame:
17-0
Average trade: +4.9% (median is the same)
Avg. holding period per lot: 11.8 days
Avg. %return/lot/day held: +0.41%
Total 12M return: .83x lot size
Will add lots as long it is oversold. Note: oversold isn't just a lower price after the initial trade. For example, if it rallies for a couple of days but then falls back below the initial entry price, in may be a lower price but not currently oversold. I will hold each lot until it's overbought and profitable. I'll update if I add or close lots.
A final and not insignificant VERY compelling reason for me to take this trade - dividends while I wait for the trade to play out. Sometimes the trades take weeks or months to play out. This stock is a BDC and pays dividends to the tune of .15/share/quarter (4.6% per quarter at this price). Ideally I'm not in the stock for an entire quarter, but if I get stuck holding it for a while, I'm getting paid handsomely to do so.
This is a log of my trading, not investment advice, so trade with me at your own risk.
