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well it was a big move I hope to be on the next one with you guys thanks
Earlier the consensus was .65
We moved a little higher than we first thought, but I think several of us would jump on the next support that looks solid.
I defer to long-vestor, our resident chartist and largest supporter. Thanks
thanks I will keep it on watch for now
lets put it this way, Now it's made a little head and shoulders, just like a stinky pinky.. pump and dump.. .. support line is at .71, but, head and shoulders could call it all the way down to .44 again.. Still it's a dead play for the short on it today, all that's happening now are monentum day traders playing support bounces.. , This short indicats the posibility I'd speculated; insider pump..
had it simply popped to .78-.80, yesterday,,, and built a support channel, smacked low support .65 a couple of quick dips, then I'd be sticking with it,, but now, hard short,, yesterday's short ambush led to today's bull ambush.. double trouble.
Stopped OUT, what a great run
Met my target, now let it rest and consolidate.
I sure need to.
LET'S ALL DO IT AGAIN SOON!
NEXT: CNLG
still pulling back.
All I can say is, hope people took my advise and didn't chase it .. ouch!
If it breaks below .71, look out below!
No I didn't think you implied it as a good thing, nor bad.. just information,, I might have bailed had I read that too.. I don't read buy-out in that, moreover vultures waiting for the feds to take it over.
I wasn't trying to imply it was good or bad news.
That's not a good thing Tono, LOL.. that's predicting the bank to fail and buy it out once it does.. or not, but when the vultures are hovering, things can start smelling pretty bad.. Abet somebody inside might be pumping this, so the $1.20 bag holders can bail.. That's why my target was $1.20, that's what the dilution payout was.. bag holders at the moment.
This might explain a few things.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aKVuUSYoMKPQ
They've got a while before they'll have to be concerned about being over a buck ... The pass over .78 has caused a momentum breakout, that's all.. still on watch for the pull back as the S&P narrows into the double top.. Abet there could be some news hiding which cause the breakout yesterday, and if so, that's also causing support, drat the luck,, at 500 bucks a penny, yesterdays' short ambush got me good. Not that I lost anything, made decent bank, but Dang! I'd made a killing had I held..
next week or in 10 days the market ought to pick it's self up after the double top plays in, buying once that happens, not sure what buying but got several on watch for the top dip.
Ah Crud!, there's good and bad about playing a pattern. good when they work out, duhh bad if not. abet most do dang well..
But, today's gains just blew up.. After hours .92, I had figured if pass .80 that .90 was coming.. and sure enough..
Now the pattern has exceeded the cup top, .78, first target,, So a change in direction is in.. second target has hit too, .90
Which means what? 1.20? Maybe, just around the corner, after a little dip to check support.. Which,, once the S&P smacks 1,151,, it'll probably get shorted before it can pass that, right along with this bank checking, [back testing] support.. .. But I aint chasing it.. And that dip to .65 is unlikely.
apparently I got taken by a short ambush this morning, dang-it!
Anyways, I aint chasing it, that's the best way to get your behind handed to ya.. either it hits .65-7 on another short ambush or I'm moving on..
Me thinks, it's Time to find something else..
No love lost, made a few bucks,, and don't care what happens to it from here.. love not.. loose not.
Motivation: winter dips bring spring flips!,, there' another beat to heck stock out there, go find em!
I'll be waiting with you at .65, but not as big of a basket as you have. lol
yeah looks like I bailed a little early! LOL,, We got the pop just as I said last week, right on time, dang it.... However, sticking to the plan.. Might get higher tomorrow as it began trading with the market last week which is a good sign.. But, market is heading towards a double top, Probably tomorow too same time this may pull back.. Support is on the 100 day moveing average,, we'll see.
looks like a nice tear, up pretty good today.
Oh, I hadn't noticed that filing tks for the heads up. . not so sure that's a good thing as the buy was last month while we were trading the 50's.. they could dump their 12 million shares for a hefty profit, 'I guess' unless they are restricted. So, anyways I bailed on that thought, plus wanted to get out in this range.. .74-5.. Now pattern guidance is a full cup, abet it may still hit that .78 target, actually should hit it or darned near,, But can ya dump a load there as, that's a thin wick? once top is smacked it'll be quick, wait for that and unless your order is weeks old you'll probably not get that top. . regardless, If the pattern plays in, around here we could dip back down to .65 support. make a smaller cup, and then get some Getty-up.. So, I wait..
It could get on a tear, ya never know but I'm in this for the pattern, it's complete so following da plan.. wait to load 50k shares at the .65 area.
By the 13G it looks like someone like the prospects of TSFG. 12mm+
Tomorrow SMA daily 5 over 100! we may test the .78 resistance then.. Depends on which day it crosses over the line, tomorrow should touch and if not, then cross by Wednesday. Sometimes these crosses smell news.
yes i understood that,, and the thing is,, with a market out look that has a warning if we pass, You might need a year or two to hit $4.. That $4 is just as dependent on getting there as the whole out-look requires a strong positive momentum, with a good reason for the S&P to pass 1,250. until that reason pops up, long term projections are invalid. I'm favoring 2 warnings 1998-99 and 2004-5 was more then enough 3 might taste bitter. I don't want bitter, just stable. a channel 1,100-1,250. If ya looks at the S&P 25 year monthly that channel is clear as day. 1.20 here is a simple target.
{edit} Oh yeah, BTW, here's my chart below made last year.. target is clear. I made it nice and simple, so's any idiot could get it. LOL
I'm not saying 4 by summer, but I think the recovery will take some time and will follow the emergence of the economy. The current prices are a gift if you have patience, imo.
Who wants to bet that the bank puts out a PR?? yuck, yuck, yuck
Moody's withdraws credit ratings! W.T.H.?? OK here's what I'm thinking: The bank calls Moody's and says "WTH are you doing!" Moody's tries to defend but bank tells them they got their signals mixed, Moody's says "Fine, whatever, we'll just withdraw it all, how's that?" bank says, "Fine with me, if you can't or don't know what you doing, don't have all the financial instruments to make a rating, stay out of our business!!".
As for our guidance, crystal ball technology?:
Talk about a frigging line fight at .66-7! Jeez
I'm thinking, .68,, Short cover!!
S&P guidance with inverted head and shoulders and double top out look; on watch. I said 1,140, but meant 1,150.
BTW S&P in the monthly view, we have a strong horizontal resistance from 1,230-50. that's this summers target range, or not. but we are channeling this and may be doing this for 6 months to 1 1/2 years. I actually wouldn't want us to pass that target for 1 single reason, that 1,230-50 range was were we've been warned twice.. we'll need some real positive out look to have reason enough to get above it without occurring the danger signs again.
SMA 100 today is at .67.. .68 may get some serious action if it's hit!
yeah but that target of .57 was a pump.. Those guys load and pump.. Either way they got it so, nice call by them, abet maybe they read my guidance? LOL.. I've been hard on this winters dip for just over 2 years.. Expecting that all this stuff would unwind come this spring.. banks the problem and real estate.. Real estate has dipped low. So much so, I am actually looking at a few houses in Florida! CHEAP!! Cheap is the signal. LOL..
[edit] forgot to add S&P is also my watch for these stocks.. me called the upward movement last week.. perfect inverted head and shoulders set up.. so, here it is racing back up.. however, watch for double top once 1,140-ish target is hit. if we pass it next week or week after, Getty-up baby!, but on hard watch at target! [edit]
as for 4 bucks? that's tough to say, I'm only targeting this summer and have a hold, fold or wait come then.. I do see 1.20 here.
That Moody's press today said one more important thing. Something about a change in a few days.. That might be the launch to .78.
Crystal ball says; as long as we continue to hold and or gain,, that; around Tuesday maybe wendsday we'll cross that 100 SMA!, interesting enough per Moody's it's timed about the same.. go figure?
The Feb 22 PR said a target of .57
Looks like we are ahead of ourselves @.64
Think we'll fall to meet in the short term?
I think this is a good one for long term recovery and definitely make it back to the diluted value of the $4 range.
Moody's up-grade and down grade.. This one is tricky.. Moody's has downgraded long term issuer from Caa1 to C, Long term OSO to C from Ca. In addition, the long term deposit rating of Caa1 and bank financial strength of E, have been affirmed.
So here's the tricky part.. while this looks negative Moody's also says they've changed the rating out-look from negative to stable.. Go figure.?.
It seems that, what looks bad is actually good..
I almost bailed until I read the whole thing..
I might add; the crystal ball technique: last week or so, I said that the weekly chart showed a bit of difficulty right at .66.. there's a trend line to cross there.. Bodd-a, Bing, bod-a bang,, .66 and here we are! LOL.
Daily we are approaching the 100 SMA,, cross that for a boost..
We'll see today, just how Moody's reflects sentiment.
I also mention that if the S&P up-graded us soon, cool. but I'm not sure if this Moody's deal, close enough Moody's or S&P will do. Not sure if this is the ticket it needs, lol.
Oh crystal ball,, will we cross that line??
Chart.. This is gonna be confusing for most, but I thought I'd share my current chart and plot on this stock. Cup and handle support path.. and first target average, support range. The light blue line is the 100 SMA, waiting to smack that and get legs up this path to .76-78. (disclaimer), if it was a crystal ball I wouldn't be here. ha, ha (chart below Ihub's advertising)
12.50?!!,, not so sure about that, what was the dilution; 3 to 1? more near $4.. But buy then I ought to have,, or hope to, kinda like you hopeing for 12.50, hope to have my 50K shares fliped into free ones.. by dumping the tops and reloading the bottoms.. if me plays me cards right..
We're in the middle of our Jan.27 GAP
Five weeks to recover from bad earnings dip is a very positive indicator on my chart. Many new buyers and many adds.
Break of .70 will be a BULL RUN to $1.00! ~ IMO, and then who knows, hoping for a 50% retracement on the 3 year. (~ $12.50)
.66 as I said a week or two ago, .66 looks to be the triger.., smack it and we ought to refill that gap.
Yup and ARCA has a .61 bidder over night. something happened this after noon too which brought in buyers,, news on its way? perhaps, and , maybe gap time!
from the looks of that EOD run, once it smacked .57 it started launching.. Only to be shut down at the bell, lol.. and seems to be confirming launch after hours; large blocks being absorbed!
More sources of news?, like news that didn't go out? Personally I have a news scanner and anything that goes wire hits me.. However goggle keeps a good record of news. Regardless, when in doubt do as i do, dig them SEC files through. In our case guidance is in the last quarter report, Nov 15. And that's where you should dig to try and understand share structure future guidance.. Nov. filing very important information to diagnose the dilution and entire O/S verses value. . and next guidance is due filing the year end report march 15..
want to see a break after .57 over the 50 SMA. Not sure if this news is strong enough but we'll see. Which would invariably contimue to complete the construction of an inverted head and shoulders, back to the top of mid .70's. Mid resistance in this path is around .59-.60
Doubt that. This was $25 before the banking bubble.
Maybe it will go back to $12 next year!
Nobody knows, follow the charts...
Is this stock going back to .41 next week?
We just found a buyer!
.53 will be tough but up to the momo now
[EDIT} Nevermind that, we are movin' UP
Let's work on that gap around .65
Daily Boilies squeesing in tight.
Hey Long:
Thanks for your Prompt response......let's hope for best and could you suggest me a place where i can find more latest news abt
TSFG...
Cheers,
PRad...
Carolina First Ranked #1 in U.S. Small Business Administration Loan Production in South Carolina
Last update: 2/25/2010 4:30:02 PM
I've seen it plenty times, just your batch of daily flippers buying large blocks flipping for profits.. As long as support holds they wont do to much damage.
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South Financial Group Inc.
104 South Main Street
Poinsett Plaza 10th Floor
Greenville, SC 29601
United States
Phone: 864-255-7900
Fax: 864-239-2280
Ticker Symbol: TSFG Nasdaq
Web Site: http://www.thesouthgroup.com
The South Financial Group, Inc. (TSFG) is a bank holding company. TSFG operates principally through Carolina First Bank, a South Carolina-chartered commercial bank, which conducts banking operations in South Carolina and North Carolina (as Carolina First), in Florida (as Mercantile), and on the Internet (as Bank CaroLine). TSFG's subsidiaries provide a range of financial services, including deposits, loans, treasury management, merchant processing, full-service brokerage and investments, business and personal insurance, trust, investment management, and financial planning. As of December 31, 2008, TSFG conducted business through 82 branch offices in South Carolina, 71 in Florida, and 27 in North Carolina. As of December 31, 2008, it had $13.6 billion in assets, $10.2 billion in loans, $9.4 billion in deposits, and $1.6 billion in shareholders' equity.
The company was founded in 1986 and is headquartered in Greenville, South Carolina.
Share Information
As of January 2010
Shares Outstanding 215.5M
Float 212.3M
Held by Institutions 59.99%
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