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lol - ok glad I decided to watch today's action.... geeesh. well - gives her more room to pop once this knife hits the floor.
RST looks like its time to jump in! well - maybe not yet - we'll watch the action tomorrow and see if it is.
Several here looking great and progressing well already!
Nice board, some solid picks on your list, one's definitely worth watching.
Looks like CTIC went back into the heavy dilution mode, but it's always provided some very nice $$$ making opportunities.
Good Luck
DAKT - thanks for the heads-up.
Glad I saw your post here @ 1:35am before I turned in.
I saw the big drip(an over-reaction, I completely agree) and the lower selling volume the last couple of days.
I have an order in for 10.90 for tomorrow...i'd love it to fill there and then start to head up next week.
Watching DAKT closely!
Posted on Forbes:
"And shares of Daktronics ( DAKT - news - people ) plunged nearly 25%, after reporting quarterly earnings of 4 cents per share. That's slightly above the 3 cents analysts were looking for, but revenue on the other hand came in below expectations at just under the $100 million mark, versus an expected $101 million. Looking ahead, the company said sales numbers in the current quarter could be reduced, as some projects were delayed."
earnings higher by .01 and revenues were simply lower by 1mm? understandibly shares are down on reduced guidance but nearly cut in half? looks like an over-reaction.... the thing I love about plays like this is the news is out! everyone has priced in the bad - an usually on drops like this they overpriced the bad in a panic as they see their shares drop 40%+ a lot of upside potential.
ha! yes - OWW fooled me a little - thought she was going to turn the corner with CYTK today. not ready for complete fill of my expected final position. really hoping TKLC turns the corner tomorrow. if we can have another day of 2%+ that will be it for me and Ill be pot committed and fill the rest of my order. CYTK is golden I think. I executed final fill early today. AXTI is really interesting now. Was the 4th on my list for a reason - its now moving up the ranks on its opportunity to be a bigger postion in my portfolio. we'll see how she plays out into early next week.
wish the broader market settle down a little
going to run an updated scan right now and see whats next on the watch list; some I can watch mature while TKLC (hopefully) and CYTK play out. always looking for that next play that is investment ready - Im like a monkey - I like to have another branch to grab when I let go of the one Im on.
I need to work out my scans a little more too - just kicked back 172 tickers - thats a lot to sort through; always afraid Ill miss a little gem though.
Now THAT'S a fine list there, Cytis!
Some juicy plays setting up for sure.
CTYK broke over a prior high of day today...good signal after an extended downfall. Gonna try for some after-hours.
TKLC has NOT acheived such a break yet, but I'm also gonna nibble that one in anticipation of a likely bounce after that extended drop.
OWW will be a nice reversal at some point, I think. I'll be watching for my buy signal.
I don't know what scans you use, but they're workin'. I need to hone my own scans through StockFetcher to find some gems that work for me.
Update –
TKLC – Hoping this is the point of reversal – need today to finish green and tomorrow to get a good start as well to be sure. Jumped in a little early just above 7.8 but fully expect good gains from that.
CYTK – looks like yesterdays buy signal was confirmed today. May add more early today.
OWW – See CYTK for more info ?
AXTI – hasn’t shown buy and good thing too – glad that bottom dropped out prior to MACD inflection. Has made this one more attractive – need to figure out what caused the drop – haven’t looked into the news yet today.
good stuff - I believe there have been a couple analysts downgrading which further exaggerated the plunge - most of the time those guys are reacting rather than pontificating. once it reaches new 52 week highs theyll probably upgrade again haha
LPHI (followup)
From the chart in the prior message you'll see the candle on Feb. 15th represents 'capitulation' selling, purging forth the last wretched remains.
Since then, we've seen 3 days of higher highs, with some 3-day-weekend selling off on Friday.
I'd bet(since I actually have skin in the game) now that buying pressure is beginning to take over, LPHI works out to be a very nice swing play, despite recent news.
Hmmmm...good eye there, Cytis!
That's quite the plunger, isn't it?
TKLC does appear technically oversold, although the pincher formation hasn't quite matured yet.
I like the 1st initial dead-cat bounce, followed by another smaller(final?) push down on lower volume, culminating in the much tighter trading range over the last 2 days.
I salivate over this kind of movement and I must concur with your temptation to pull the trigger here.
We would naturally have to wait until Tuesday to do so, since the market is closed on Monday.
Regarding news, though, I would not be surprised to see an analyst DOWNGRADE soon, given the companies poor earnings per share & lowered projections for this year.
Anyway, it must bounce at some point and I hope we both capitalize on that opportunity.
Tycoon - check out TKLC and tell me what you think. Been watching for 2 days - I think she is just about ready depending on the action into close. Ill wait until Monday I think to pull the trigger regardless - if there is news to come out and it comes out on the weekend/Friday after hours that would suck.
wow - thats a near $4B lawsuit. If the WB wants to make an example out of pushy regimes and small foreign businesses invited to invest and then fleeced - this could be quite a settlement! wonder if it really has legs? Ill be out well before its decided of course lol!
bam! lets see how far it can go on it!
It's probably an effort by Chavez to scare these companies into offering bribes or larger shares of profit.
If they do come out with any news regarding a resolution of this matter, I'm sure it'll get a nice pop.
Good luck with that one!
true - that was KRY's biggest asset - its also concerning that Chavez has done the exact same thing last year to an adjacent property but Im thinking if KRY even announces a feasible plan to challenge the order - even if it implies giving substantial profit or assets to Chavez Regime, shares should spike well. Im thinking I might take a small gamble on it. KRY has already stated they are working on a plan to protect their investment as they claim the asset was shovel ready; just awaiting final permit.
I'm so jealous! Wish I was skiing in Colorado...or Utah...or any mountain for that matter.
I still have time, though.
KRY fell because of some very bad news. Someone put it well - that Chavez is layin' the hammer down on a Canadian miner in his country.
Though it dropped hard, I'm pessimistic about much of a recovery for the time being, regardless of technicals:
wow - been out skiing in CO the last 4 days - really hoping to see some positive movement on MITI by now. Ill be waiting till it finds a solid bottom before adding any more.
what are your thoughts on KRY? pulled that one off BC's board and been watching for the reversal- lookin like its gotta be close now on that pinch.
I'm liking your ISIL & especially your FMER charts.
ISIL is sitting right on the 200MA as support, but the question is - will it hold?
FMER is close to a triple-bottom and is very oversold with a pincher formation setup. It's also consolidating more now with a couple of green candles.
Very tempting chart there!
EK 3.80 after hours..looks good for tomorrow hopefully
Yes, Nick...holding all EK shares at this time.
I'll be satisfied with a bounce to 4.50
TycoonSoon are you still in EK? I bought a little today.
I bailed TLAB today @ 5.72 for the exact reason that it's had 3 green candles in a row and may get some profit-taking very soon.
If there's a couple days or so of minor selling off, I may re-enter for another leg up.
I hope so...but I suspect it's just the after-hours departure of mm's close to the spread.
We'll see.
I don't normally play pinks, but I luckily grabbed NMTI @ .20 early this morning and it appears to be setting up for a bounce.
geesh - after hours shares on MITI and AGO have a wicked spread on the ask side tonight- hope thats good for tomorrow.
I should clarify Im looking at an ADX(4) line - not the standard (14) which is just beginning to flare
agreed...beautiful looking pincher play..MACD curling up and wants to go positive. Bullish reversal coming IMO
Does today complete the "three white soldiers" on TLAB? not much of a candle guy but I believe this is pretty close to that one signalling, strongly, a bullish reversal-
pinch is going very well - adx is turning up to run in parallel with the PPO line which shows increased strength in the PPS upward movement
I was going to see where it would go today. I got stopped out $%#^*$*....oh well. On to the next one. I like TLB, making some nice moves today.
All 3 are China-based stocks, which have been under a 'cloud of suspicion' lately because of some apparently questionable financials & contracts by some.
I generally avoid anything with 'China' in the name these days.
similarily - waiting for further closure on the re-pinch before re-entry of GNK. profits cut short a little and only able to scratch 4% out of that first one due to weakness. watching tlab and ago for the same sort of action; re-pinch. really annoying.
three new ones from scan the other night - havnet had a chance to do any dd on them yet to find any major problems causing pinches-
CAGC
DGW
HTHT - had success with this one before
Yeah - I was watching KV/A - was on my radar but that last drop spooked me into not buying in - sucker went bananas a couple days ago - dang it.
I completely agree about pharm. stocks. I nibbled MITI as well today, but a little higher than you @ 6.20.
I may add more with a convincing green candle.
ok - I passed on EK but just bit on MITI at 6.165. hoping this is the bottom - might have to ride out a small short term drop but too much potential; plus pharma co's make me nervous - bad news drops the bottoms out, but good news pops em like crazy
you just going to ride for 2 days? gotta think we have a little more juice - options max pain is $7 and we have a week and a half to opex- options issuers should manipulate this sucker up a bit more than that I would think/hope!
I'm liking MITI as well...pinching on the daily, plus the RSI & CCI are at oversold extremes from which this stock bounced on the weekly chart.
I predict 6.11 to hold as a short-term bottom with a bounce coming soon...just my opinion.
I'm likely to take an entry soon.
another nice candle on TLAB today..looking to lock in some profits tomorrow
might take a bite of EK tomorrow - MACD inflection today; good time to get in by my book.
taking a careful look at MITI. will wait for the same indicator before proceeding. if you look at the daily and zoom out to a year+ view pinch looks pretty good. not quite as impressive in a 4 month window but its proven to be a good rebounder if you can call the right bottom thats always the catch isnt it
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