A couple months ago, I mentioned that I signed up for a stock analysis service called MarketClub. This is part of a website called INO.com (pronounced "I know") where I can research stocks, futures, or forex products. I recently used their Trade Triangle analysis to help me decide on buying a stock.
The stock that I was interested in buying was Bare Escentuals (Nasdaq: BARE). Readers of this blog may remember that I first purchased shares of this stock during the Bare Escentuals IPO. I sold that stock a while ago. But with the stock market recovering, I have been looking for individual stocks that I can get back into. I used MarketClub to get an instant analysis, and the results are shown below.
This analysis shows that Bare Escentuals is now in a strong uptrend, and that this is an ideal time to buy the stock. This type of analysis is great for trend traders who like the "red-light, green-light" simplicity of investing. So, I bought some shares of BARE at $9.25 per share at the beginning of August. It recently closed above $11 a share.
Based on the number of shares that I purchased, I have already made more money that what the MarketClub subscription costs for one year. Note that Trade Triangles are strictly a technical analysis tool. I don't use the MarketClub analysis to tell me what to buy. I rely more on fundamental characteristics like Earnings Per Share (EPS) and PE ratios to decide on which stock to buy. But, I use MarketClub to tell me when to buy. I now have a stop order in place to help protect my gains.
Another comment that I have is that MarketClub does not require you to download and install any software. This is good because you can access your subscription from pretty much any computer. The downside is that your access speed will be limited by your Internet connection. In other words, MarketClub is not the fastest analysis tool that I've ever seen. But, it is pretty good considering that the software runs on their servers and not your computer.
You can subscribe to MarketClub for $150 per quarter or $449 for a year. You will have complete access to many of the investment tools available on INO.com. There is a 30-day risk-free trial period in which you can try them out. They will ask for a credit card when you sign up, but you have the right to cancel within the first 30 days and get all of your money back. So, what do you have to lose?
Another free tool that I utilize to help me keep on top of my portfolio is called Trend Analysis. Trend Analysis is a daily email analysis tool that gives me insight into exactly what my portfolio is doing. For investors who are following many stock symbols, MarketClub sends a daily Email for every symbol in your portfolio.
The links above takes you to a screen where you can get your first stock (future or option) symbol analyzed at no cost to you. After you sign up, you can easily add more symbols to get a daily update, which I find very helpful.
PF Stock
Disclaimer: This material is for general information only. It is not intended as an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any security or fund.
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3 comments:
Great buy at $9.25....Good luck and enjoy the upside
The general stock market has had a significant decline today. I was stopped out of my BARE shares at $11.25. Including commissions, it still amounts to a 20% gain, so I'm happy about that.
Interesting post on market club.
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