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CACS 10/22 squeeze play +.75 from entry now. ; )
That would almost fill the entire gap up as well. The gap should be support all the way down to 1846 50dma. If that breaks down then...
nice P&F setup. Looks like you are thinking right around where I am on the bounce. 1860 puts it 10 pts +/- above the 50dma.
Squeezed a few today:
ISSX, CACS. Entries + stops are found at #michiganstockpicker www.financialchat.com
Hiya Hoover,
Well based on cyclical type projections, the 10 week low is due in this week sometime. Now as far as a possible scenario, I could see a test of that gapup into the 50dma on the compq before another run.
See chart:
Klac earnings less than sepctacular and down big After hours today along with other semi's affected by Klac.
JCOM ended weakly along with rest of markets today. In a few potential squeezers eod. CACS, ISSX. Lots of people piling on to short issx all day, but close above $17 still.
If it breaks 17.23 with good volume tomorrow then blue skies too 20's is possible. Markets willing, of course.
Didn't post much today. Under the weather a bit. #michiganstockpicker in www.financialchat.com network doing well so far. thanks all who are there with us.
JCOM turned out to be a nice little bounce so far.
Market tanking!!! I will wait on JCOM
Up in pre-market so far. If you caught the bottom this will reward you big.
Home sick from the office today, so will be doing some day swings. Q's look nasty this morning. Seeing biggest near support 34.60's. Cycles on the website calling for a 10 week low due in possibly today or sometime this week.
this mornings watch list....ntrs,svu,bba
JCOM - will it bounce or still diving?
10 week low possible comes in tomorrow. Once a confirmation of the low is in, then I see a possible run into November before 80 week low is due in. All with cycle projections, of course.
Nice call. I like to bottom fish on market selloffs due to bad news. It levels the field when I'm playing against computers.
I believe you are right, but I put my money from the scalp into EGLS and boom! so all is good. :)
IMO, you jumped too early yesterday on PACW. Once the news hits the street and the selling begins you can't stop the program trades. It takes at least a day to find a level entry point. I bought this morning at 2.55. I may hold till earnings. DB can't short the warrants; that looked like a $40MM gift. (From the exercise price to today's close.) I wouldn't be surprised if some lawyer is looking for a client. lol.
CNBC just covered SIRI with some surprisingly fair and positive spins on the company.
Watch AKAM eod. into the next few days here. Look for confirmation of the weekly and daily chart breakouts. If it is confirmed, this one could test $8 in due time.
thank you msp..i got in at 8.10..news isn't good but the price was..i believe it will bounce back
If you are playing a channel bottom bounce here than yes, it could be a good time to enter near the lower bollinger band. Set stops in case it decides to breakdown always on bottom plays.
yes awe..at&t wireless..chart looks good to enter i think
Stock symbol is AWE?
BGO MSP play from last week...nice run!
AKAM
Chart looks real nice. Potential gapper/squeeze play for the day.
EGLS is the MSP watchlist energizer bunny. 2 year chart breakout per newsletter now in play. 3.30 rtq. Don't chase, however! +.60 since entry.
EGLS breakout per MSP newsletter 3.15 hod. :)
MSP watchlist doing well again.
Small Bio's------picked some up cheap recently.
PDGM
AEGN
CLN
QSC
VASO
HMSL
Sold some into strength:
ARDM
HETC
Beating SPDRs to death.
The reason I like the Consumer Staples ETF is that it contains all the heavy-hitters in retail, from Wal-Mart and Procter & Gamble to Coca Cola and Campbell Soup Co.
Although I would consider this a growth play, this fund is paying out a quarterly divident of around .09/share.
The Energy fund also has the big names: Exxon Mobil, Conoco, Kerr McGee, Occidental Petroleum, etc.
It just makes sense to me because I don't have the money to buy 500 shares of Wal-Mart right now, but the ETF is trading in the $21.00 range, which is more to my liking.
GENR:
Dr. Levitt speaks tomorrow at the bio conference and some 50k bids were seen yesterday a few times and were filled. Put this one on watchlist, it could go either way depending on further news. Thus the way of trading bio stocks. Sector is due for a bounce though.
It's dog and pony show time for the biotechs...
the Fifth Annual Rodman & Renshaw Techvest Healthcare Conference on Wednesday, October 22, 2003 at 12:00 PM (EDT). The conference will be held at the Boston Marriott Long Wharf Hotel in Boston, MA from October 21-23, 2003.
http://www.rodmanandrenshaw.com/
Watching today in particular:
XLA(3 year chart breakout)
EGLS(Potential breakout over 2.92)
LOUD(up nicely in AH yesterday)
MSSN(Possible steal entry near 50dma) Use stops/patience. This is my patience play as I have noted in the watchlist.
SIRI(may retrace back to breakout point to allow for another nice entry before a big run to $3)
ENMD(I will continue to be hot on this one, MSP watchlist called for an entry if it dropped near $5 and it sure did Monday only to reverse +.45!)
Good trading!
btw, as you already know I am hot on the energy sector and commodity type products/companies as a whole. I think they have a very large profit potential and it is just starting imho.
I really like them as a hedge or investing in a soon to be hot sector. Those two sectors you mentioned for a 2-3 year span sound like a good investment to me. ETF gold is on its way, which will make the goldbugs get crazy for gold too.
Biotech Sector:
Ready to run again?
I think so.
All it will take is a major announcement of any sort to trigger another run. Someone passes an FDC milestone with an important drug, something like that.
It's Halloween... let's talk about SPDRs.
The underlying stocks in a SPDR Exchange Traded Fund are the same stocks that make up that sector of the S&P 500.
Now, here I'm talking about a buy and hold strategy for my retirement account. Something I can live with for 2 or 3 years maybe. Or less, depending on the economic climate.
Two of the SPDRs I'm particularly interested in are the ENERGY (XLE) and the CONSUMER STAPLES (XLP) funds.
My question for you folks is: Anyone else had experience with ETFs and was it good or bad, or was it just like trading any other stock?
Thanks in advance,
Half-moon
Check Cycles section for latest from MMR_Cash.
Come on idle with us at www.financialchat.com #michiganstockpicker
Biotech Sector:
Ready to run again?
Chart:
Weekly watchlist:
ENMD bounced right at the $5 mark as posted in the newsletter it might. SIRI confirmed breakout today. EELN sitting right at breakout pivot. PACW was the big loser on the list today with news of the warrant deal.
I played a daytrade scalp in this today and got out with a .10 gain, but only after averaging down and selling the pop into 3.30's This stock is removed from the watchlist and should be avoided for now.
EGLS and XLA alos on the watchlist did well. XLA still has yet to run big from its weekly chart breakout.
Set the stops and don't chase!
This proved to be a good post. ;)
PACW: Took the scalp and got out beforw football coaching today. I see now that I am home that was the right choice. Stops, stops stops. Another proof positive of why stops must always be used.
ENMD:
Bounced right near $5 as stated in the newsletter for this week. Nice entry area today.
I will be exiting pacw today with a scalp. The deal as I posted with news is not very good for shareholders ST. The company revenue growth will be nice in the months to come, but I do not wish to hold the stock. My money will trade elsewhere. Deutsh bank did this same thing with DSLN.
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