Channeling Stocks

[SilverSurfer]

uco gonna be good when volume picks up. What are your other favorites? I am working the wild swings. Clang when I walk....hge

[berge]

yup...I have a list of ETFs that I'm filtering down, some terrific vehicles for trading in there

[SilverSurfer]

TNA , TZA either way the action is terrific....glty

[berge]

wow...might be a good "Obama Play" at these levels

[berge]

sweet, I need to get back to this, but I haven't been playing channels as much..altho I've been buying and selling TNA almost daily

[SilverSurfer]

what a difference a few months make...lmoa

[SilverSurfer]

my fav of late TZA

[Celtictrader]

Evening Traders, I have my eye on THPW for a channel from .21 to .27 or .32 for about 10k shares..Any thoughts appreciated.

[berge]

I had bid in yesterday at .203..I was the first and only...one trade goes through at that level for 160Kish shares...I got none...then it bounced to .23. Finding some resources for channeling stocks....will try and post a few every day or so

[SilverSurfer]

yes GUY on Fast Money CNBC says buy ESLR here and sell at $12 .. how is THPW ?> Did you get in agian? glty hge

[berge]

ESLR...looks like a good channel near the lower end

[berge]

and better at .285 (not counting the .29, as volume there was nominal)

[berge]

looking pretty good at .27 from .22 though

[berge]

I still need to start working on my channeling scan...been too hectic here lately. But on my list of things I NEED to do.

[SilverSurfer]

UUP and BNA trade over now SLV is a good buy, better first thing this morning but whatthehey

[SilverSurfer]

the great IAMGOLD IAG has a hard channel, POG no matter,,,fwiw

[berge]

hard for me to give up on one I've never had a losing trade with...has a smallish cult like following, which I always like..usually good for 10% on a regular basis, but normally cannot take too large a position, as volume does not warrant it

[SilverSurfer]

if THPW is in a channel it is a buy but the longer chart shows some bad looking formations and I never have figured out if the world will really revolutionize towards THPW. Looks hopeless. jmho

[berge]

THPW sure looking at or near turning point

[berge]

lol...thought almost that same thing as I posted

[SilverSurfer]

uh huh, he said nailed,,, Beavis....lol

[berge]

paper on this one...which sucks..I've nailed PRVT many times this year, and was going to buy, but had other things I was watching closer

[SilverSurfer]

paper or bank? here is a DuH! >>
Street Gears Up for Short Changes

"The federal crackdown on short selling is causing a scramble on Wall Street, with brokerage firms racing to implement new controls before the rules take effect on Monday.

The unprecedented get-tough action by the Securities and Exchange Commission means that securities firms will have to fine-tune their back-office operations to comply with the requirements.

The biggest potential headache: Existing rules allow brokers to sell stock short as long as they reasonably believe they can locate the needed shares and deliver them on time. Under the new curbs, short sellers will need to make formal arrangements to borrow the shares before such an order can be placed."

[berge]

pervert yes, but PRVT move from 1.05 to 1.45 over last two days proves that it pays to "follow your nose"

[SilverSurfer]

listening to commentary Paul & Ben did nothing for $ support but other heads said they thought it would stabalize. UUP has the channel worth a play imho hge

[berge]

yes...and that's the other reason I like it...I'd like to think it starts a longer term rebound here, as well as a shorter term channel play

[SilverSurfer]

you know UUP is the dollar and it really needs to hold support here for more reasons than two!

[berge]

awesome looking, trying to free some cash up to take a whack at some

[SilverSurfer]

right now! UUP is @ the bottom and the channel is solid. Looking hard at that, hge

[berge]

will be interesting to track if it gets into a new channel....or not

[SilverSurfer]

right, would want to look at WINN at 15 or 16 and this top may have doomed the channel since 19 is above. fwiw hge

[berge]

WINN has had a pretty nice channel...but looks toppy right now

[SilverSurfer]

BNA at channel support, TiV still in trend, fyi hge

[berge]

LOL, THPW...someone always jumps over my bid...at my price, or not at all damn it

[berge]

yeah, may run more, but risk/reward not looking as good.

[SilverSurfer]

MFN has the channel, but may have ran it's course

[berge]

sweet call! looking really good

[SilverSurfer]

TiV weeeeeeeeeee!

[berge]

TIV looking very good...had just heard the report on the subscription thingy

[SilverSurfer]

pervert
TiV looking good

[berge]

watching THPW closely, at bottom of channel, but also relate to concerns expressed by hogsgeteaten...low volume, etc

[berge]

PRVT has a bit of a channel, and porn site subscriptions up dramatically after the government checks went out, lol

[SilverSurfer]

TIV buy at 6.50, sell at 8, stop at 6

[SilverSurfer]

BBT is in a channel for the last week or so and may be a good one to trade short and eventually long term, other relatively good banks may have found the bottom since they were dragged down by the dogs....lile BCS, LEH, C fanny freddy etc...

[berge]

agree with your assessment , will want to take a longer look at that one for sure

[SilverSurfer]

the nuke sector, NLR, may take a long time to get legs but imho we are bound to get more power from them. So the support is there and the resistance (misguided environmentalists) for a good long channel....

[SilverSurfer]

NVLS, CY, ONNN worth a look, imho

[berge]

nice wave/channel on NLR...very worth charting it

[berge]

DPDW has been a good ride at times, I'll have to run some reports on ETF's and see what kind of results I get. Have honestly never traded them, but I need to expand my horizons

[SilverSurfer]

DPDW may be another good one, in the OTCBB, but I am thinking a lot about ETF's like NLR that will have no risk of gapping open with a 70% (example) loss and your stop meant nothing.