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SI is down and I was hoping to find our guys over here. Looks like this thread has not been too active.
US dollar not doing well & of course GOLD once again, is on the move
Hi Mark,
I've been staying out of the gizzards and in the higher priced PD plays this week -- seems to work well currently, especially during earnings week. Volume today in the markets may portend a bit more stability soon, so perhaps gizzards will return to the fold next week.
Today, I flipped NSIT for 2.5 and exited the remaining original 1/2 position for 4. I had planned to hold for a bit higher target, but remembered Frank's maxim and booked profits. Also got 3.5 points out of DPMI; again was looking for a bit higher target for the PD play, but that last 1/2 hour looked way too nasty and my gut said go. I am still in DROOY as an insurance play for the w/e. Trading accounts did well this week, long term accounts really fell.
POG did well, but the stocks are lagging now, so will watch for a bit more pattern setup before entering.
Hope you've lots of fish to clean, the boys and you had fun, and that we can take out 330 soon. What price do you see for silver -- I'm thinking 5.1-ish, but that's without any studies.
Peace and Justice --- Patrick
Patrick, I bought some gss today, which is way oversold..but they dumped shares on the market to buy some stuff...any idea where the bleeding will stop...am in at 1.17...
thanks for the info....
I am long 15,000 cde, looking for 2.87
I am long 10,000 GSS at 1.17 looking for 1.50..
still holding 3000 ITRU....
Hi Mike,
Don't know 'bout SI -- just tried to check after market closed and get zip. Hope it's temporary, but if not, we'll see if the gang gathers here I guess. EDIT: Seems to be back now.
What a day, no? I have got to get back to shorting strategies. Sold CBST for .5 this AM, would have been a good short.
PD of the day, PNC - would feel great about getting nearly 7 points from it on the bounce, I don't generally play NYSE issues, but I held several K of PNC prior to today so it's always on a screen in QT. I can be a bit sanguine about the drop as those LT shares are what remain from a purchase of 5000 MIDL back in fall of 1990 (other shares I've sold over the years), PNC took over MIDL in a buyout of 2.1 for 1 and my cost basis in those PNC shares is well under $5. LT net on the PNC, I'm well in the black, but, my equity curve for that account certainly took a hit today.
PD's have otherwise been working well - bought NSIT today at 12, sold 1/2 the position for +1.5. Sold the $21 SBUX this for .55, but still in other position and DROOY (testing my patience). QFAB another PD I didn't play started back today - might be more of a shoe drop really. Yesterday NOVN was a great PD - tho I didn't play it either - today it dropped, a characteristic of PDs that have a strong bounce on day 1 - Shorting PNC might be a possibility tomorrow. BAX would have been a good day 1 PD reverse, and possible short tomorrow.
Hope all doing well.
Peace and Justice --- Patrick
I was wondering the same thing. Is S.I. Long-Gone?
Did SI go down? I can't seem to get to it at this time. eom
Cheers!
Hi Paul,
I have ELN stuck in a trading range from 1.50-3.00 for the next 6 months with 12 month target of 4.50....
Mark- would love to hear your technical thoughts on ELN.. from an FA respect, the price of the stock reflects the uncertaintity of accounting issues and debt.. but on the other hand, they have 12 drugs selling and research worth a few hundred million.. Id say this could provide some nice upside bounce..
TIA!
What does "in date" look like? Yahoo and Raging Fool are newer then SI and both of them stink bad. SI classic version is my interface of choice but it's a losing portion of a dot bomb that could be cut loose at any time. IHub seems like a very good interface for serious traders. Having the ability to search a thread or the whole site for key words is a much needed feature for me. If I do a scan and come up with a watch list for trades I like to go to the TATrader thread and do a search on the ticker. I can then read the messages that others have posted about the stock. Several times I have then seen a post that makes me either take the stock off my watch list or move it to the top. I don't have time to read every post and sure don't have time to memorize them...but I can search when interested and find out more in five minutes then I ever could on Yahooligan or Raging Fool.
Cheers!
Yep. Personally, I find that stark white background absolutely brutal on these old eyes!
The yellow one you use is pretty good. Nice and cheery. Just wish you'd come over to the dark side and make your menu items look like buttons.
In case you haven't noticed, most of the people that use this site are old farts like Bob. Gotta cater to their poor vision, smelliness, and bad eye-mouse coordination.
It was Chas. He da man.
Wish I could remember which of our members came up with that layout. He'd love hearing that.
If anyone comes up with color/font/menu schemes they really like, they should email me to let me know and suggest a name, and if I like what I see, I'll make a preset of it.
HOW!?!
Not to be critical of the iHub design, but it's so out of date.
Hey Mark and all, if you go up to tools and click on "My Interface", at the bottom of that page their are some presets that set color schemes on your IHub browser window. The one called "Wine" is great! It is very nice on the eyes. I never thought I would say this...but I'm starting to like this format better than SI. I don't know how Yahoo and Raging Fool stay in business with their sorry attempt at message boards. I guess "free" is why.
Cheers!
hi Noz,
Tell us what you are looking at today.....I am playing arct and Retk for the bounce...ITRU will go to 4 oneday soon...SLGLF keeps moving to our 60 cent target...the gizzards are back on track once again..
Keep an eye on idev...Target is 2.00 there....need to break 1.20 with power for confirmation of move...
Pat, how did we let DRIV get away? Such a sweet chart!
Cheers!
Lurking here but still watching SI.
Hi Mark (SI transfered post),
Well, we now are really feeling the bite of the bear. And I'm thoroughly sick of CNBC's Maria B. and her shadenfreude reporting of the continuing drop.
For my part I flipped SBUX again for +.45, and RETK for .25. Also sold HGMCY for +1.25 this am and rebought for .5 discount. Still holding DROOY, SSRI and PAAS.
Not much to give one any confidence in the markets. Will we will see 8700 DOW tomorrow? If no one is interested in buying, the lows of last Sep look likely to be tested. Getting harder to earn a paycheck without being short, which I keep refraining from.
Peace and Justice --- Patrick
sold 10,000 IDEV for 7 cents....
holding
1.ITRU
2.SLGLF
Hi Mark,
Well not much from the trading patterns watchlist working except for the silver plays (SSRI, PAAS) - spot silver moved nicely yesterday and is holding $5 today.
POG backed off some this am and I sold HGMCY for +1.25 -- then rebought for a .5 discount. Still in DROOY. Reentered SBUX @ 22.7 and bought RETK @ 6.26 as a PD.
AVNX I'd like to see break 2 on volume. ACRT has some good potential, let's see how it handles' today's markets.
Peace and Justice --- Patrick
How about that DRIV...ran without us didn't it. Oh well...figured it would but I just can't take chances on longs in this market. Gap downs are a dime a dozen...big gap downs!
Cheers!
bought 2000 acrt at 3.33 on 7/10/02....looking to exit with 1 pt in next 3 days...target is 4.75...
Hi Peter, looks like the old gang is floating around here...Great...we have to get the notorious richard Mazzarelli here too...Won't be the same without him...
Hi Paul,
please chime in anytime...Everyone is welcome to post here....we had a drooy pullback contest on silicon, and it looks like we had three winners predicting 3.50 as bottom....ajonesy,could, and scottonstocks....I picked 2.92, and was way off...lol...
I looked at your picks...I like avnx on a potential move at 2.50...and will watch retk as potential drop shoe...want to see if 6.25 holds today..If it does, potential bounce target of 9.00..(with warning to get out as soon as momentum ceases, regardless if target is hit....
good trading to you...Mark
Hi Mark,
Well it's a bit late to give a detailed breakdown of the TA on each of these, but here's a watch list of possibles for tomorrow. However, like most of my picks, the chart on each will give a pretty good idea of the entry and why. DRIV, DOCC, PTEC, ITRU, NSANY, AVNX, SSRI, PAAS, HGMCY and DROOY. I have positions in the last 4.
For pressure drops check RETK, CAMZ, IONA AND NOVN.
Set your stops, and good trading to all.
Peace and Justice --- Patrick
Wow- just stumbled onto your new thread!
Glad to see it! Ill be chiming in from time to time so long as everyone dosnt mind : )
Mark--Was wondering if you were going to move over here--PEACE (Peter Donohue)
Gold Chart can be refreshed for current status.
Hi Mark and all Gizzard Traders! I think that this site will become a great home if SI turns out the lights. It may even become a great home before SI turns off the lights. We'll see how it goes.
Cheers!
Welcome to a place of refuge to the Gizzard traders from Silicon...Pat did a nice job explaining, what makes a gizzard trader....I will try and post a few picks here each day with potential price targets..
As of the close today, I am holding ITRU,IDEV, and SLGLF....
Welcome to all!!!
We will be discussing TA here, since we are technical traders....
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