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Kicking myself for not selling this morning when it hit my target and buying back in on this afternoon's dip.
Not too worried though, this still seems like an overall trend reversal. And I'm now hoping it can break above that daily 50 MA and really make a big move.
Go KNDI, go!
I'm in here at 2.82. Chart looks wound up and seems to breaking to the upside of the triangle it's been in. Hoping CHCI makes a nice move here.
Recent news seems encouraging:
http://www.dailyfinance.com/2013/07/23/comstock-opens-townes-at-the-hampshires/
"Early sales of The Townes at the Hampshires have been strong," reports Comstock spokesperson Maggie Parker
Fantastic looking trend reversal today. Up, up, and away!
Not a very nice close today :(
However, a few positive notes:
1. It seems like KNDI has a pattern of tanking a bit before spiking up. Hopefully that's the case here and we get a strong opening tomorrow.
2. The pSAR on the daily chart is getting close to flipping. So, maybe a reverse trend is near.
3. With all this talk about gaps, I now notice that common gap from June 25~27 (6.42 to 6.56). Closing that would be really nice!
Well, I guess we'll see how it goes tomorrow.
That was a break-away gap, not a common gap. It might (or might not) get filled eventually, but I wouldn't bank on it getting filled soon.
Hehe, c'mon dude. Are you being serious? This entire space is new and will change a lot in the coming years.
XONE has a nice niche in metals but, if I'm not mistaken, triple D recently acquired some company to add metals to their portfolio. It's only a matter of time until all of the main players become competent in metals, as well as other materials and processes.
I also think the home-user niche is currently over-inflated. There's a LOT of innovation and competition from the open-source and Kick Starter style crowds. I do think the mass market will eventually become a big factor in which companies excel, but I think that's AT LEAST 5 years out from becoming really relevant. To that end, I honestly think Strata might be the strongest of the current companies. Because in the near term, I think that industry use will trump home use.
But let's be real here. Strata doesn't have huge swings, so nobody cares. The reason why traders are drawn to XONE, and triple D as well, is largely due to the float and swings in prices. Most people's interest in this company isn't because they think it'll dominate the 3D printing industry. It's because the stock can go from 50 to 75 and back to 55 in less than a month. That's some nice trading action, but it's hardly an indicator of which company will ultimately be the flagship of 3D printing.
And yeah, I'll play the swings if I can before earnings but at this 60~70 range there's no way I'll be caught holding it when the earnings come out. I like XONE, but I think it's a bit over-inflated at the moment.
I might be wrong, but that's the way I see it...
Yeah, I don't trust it too much in either direction at the moment. Could be a good day-trader over the next couple days if you watch it close. But yeah, I think it'll take a couple more days to regain a solid base.
Getting in at the 50 MA would be a nice buy! But I'm not sure if it'll fall quite that far. Seems like it bounced around the hourly 200 MA and I could see it doing that again.
Will be interesting to see how the next few days play out.
I think the chart is actually on the verge of looking nice.
I mean yeah, it's been in a down trend for awhile now, but for the past week the daily 100 MA has held up well and we finally closed above the daily 5 MA today. And we have the 200 MA just barely below us at 4.25 to add more support if we do fall. So, the downside risk seems minimal to me.
If you look on the hourly chart, the 50 MA there is starting to level out so breaking up through that shouldn't be too tough. The angle of the hourly 100 MA looks a like bit tougher resistance to me though. If we do move up, I could see us bouncing off it at least once before breaking through.
It's hard to say for sure, but it feels like at least a bit of reversal brewing here. And with how far it fell, it could make for a very nice move back up!
Good luck!
Seems like this may have bottomed out here.
I'm in at 4.62. My short term target is a ~10% move to the low 5s. But if it can break and hold the daily 50 MA, it may go much higher!
Ha! I slept in today and missed out on the bounce too. I agree that this seems mostly like covering and day-trading the bounce. Guess I'll wait until it stabilizes a bit to see where it's headed next.
Hope everyone is cashing in on all this volatility
Nice one! I was on vacation and missed the big drop.
Might try to get in on the buy side once it starts to bounce back. But it's hard to tell if it's hit bottom yet.
Not sure if there was any news, but chart-wise I think it just consolidated enough for people to feel confident that we're breaking back up into the 40s for good.
BOOM! Look at her go!
Yeah, getting the timing right does seem tricky. It really looked like it wanted to fall last week, but nope! This baby picked right back up on Friday!
Should be interesting to see how this week plays out.
Just to be clear, me wanting to short this up here isn't because I dislike the company. It isn't even really about its valuation, although that plays in a little. And it's not because I want to root against you guys. I'm glad everyone is banking!
My reason for wanting to short it is because it ran from 50 to 66 in a week, closing in on 300% of its IPO price. Because it went completely outside the daily BBands at one point. Because the RSI is in the overbought zone. And because it's still miles above the daily 10 MA. And it did all of this on no news at all.
If you look at the other times this made similar moves, it slammed back down to around the 20 MA quickly. And that's just under normal trading. But it's summer, and the market's started to get a bit shaky. And with the price this high, eventually it's going to get more attention and articles. There were a few around the beginning of the year and the other two big ones fell way back right after that. Something similar could easily happen here.
You add all that up, and that's why I want to go short here. But e-trade didn't have the shares, so I'm not currently. But I may try again, especially if it tries to push to 70+.
I like the company, agree about metals being important, and long term see this going much higher. But short term I think a pullback is coming.
I'm just trying to play the swings and share my viewpoint candidly. That's all...
Got back in today at 2.56. Seems like it's starting to make a move again.
I think that's a good plan. And yeah, if it spikes up tomorrow I'll probably try again too. I only have an account with e-trade though, so that's my only option. Eventually I plan to open up another account so I have more options.
Anyway, it seems pretty obvious to me this is over-extended. This run doesn't seem to be based off any new exciting news. Just low float and momentum. And we're now completely outside of both the daily and weekly BBand. That won't last. I think your 59s will be just fine.
I tried to short it today at just over 66. But e-trade didn't have any shares to borrow.
I like the company a lot, but short term I think it slides back to 60 at least, and mid 50s wouldn't surprise me.
I picked some up EOD here. I think we're headed back into the 40s next week.
BTW, I just noticed some buys for 332k, 97k, 110k, and 144k shares (not dollars) in after hours. Wow! Let's go solar!
Yeah, on a day to day basis I think the mood of the market can affect this one quite a bit. Which can be both good and scary ;)
Long term, I think any buy around the daily 50 MA is a pretty safe bet since overall we're headed up.
Well, we closed the gap. That's a good sign moving forward, cause they usually get closed sooner or later.
Only you can decide what's the right move for you. But if you look at the intraday chart for this stock it seems to have a lot of turbulence. I think a lot of days will move like this. But overall I think it's headed back up.
Good luck!
My guess is 2.46 to close that gap. Although we almost just did that. Maybe that was close enough. Or maybe we'll attempt to hit that again.
At any rate, the 30 minute stochastic is turning up and I think we are basically about at bottom for the day.
As for the drop, I think because of the small float here there's a lot of day traders on this. Hence the volatility. And I think because it went up so far, so fast, it attracted a lot of people who have been shorting it down for the past month.
Looking ahead, I expect similar volatility when we head back up again. Overall, I think this is headed up long term, like all solar. And the choppy movements along the way will make it nice for longs and day traders alike.
It looks to me like we'll continue to bounce up and down here for awhile. We may still even dip at some point to close that gap, although that's starting to look less likely. But eventually I think we're still headed up well into the $3 range.
Well, the selling seemed to stop EOD. It looks like it's about to turn around and head back up tomorrow. However, we did leave a gap from 2.45 to 2.50. I guess we'll see how it plays out tomorrow.
Yeah, hard to say how it'll close out. Depends if shorts cover EOD or not.
Yeah, it sounds like it's undervalued. I think people have been sleeping on solar in general up until recently. But it seems like it's finally coming of age.
Solar has been on a good solid upward trend this year. This one is pretty volatile, which is great if you trade in and out of it. It could be scary if you hold it, but if you ignore the spikes/dips it's moving up in pretty solid fashion.
Good luck to you!
Cool, thanks for that
Sorry, I have no idea. I just like solar, and renewable energy in general, and the chart drew me in. I mostly just go by charts.
I think this is going up quite a bit over the next week or so. It may take a day or two to consolidate around here after recovering from that drop, but then it should continue moving up IMO.
My guess is it's headed to the 3.50 ~ 4.00 range. Possibly higher. But I think that's a realistic goal.
Very nice! Up 20% already in pre-market. Go solar!
I'm hoping the daily 100 MA holds as our bounce point here. If so, we could start seeing some nice moves back up.
Looks like we're starting to move up for a bit :)
It feels like we may have hit bottom here. If the close is solid, I think we should be good tomorrow.
Wow! I did not expect this thing to open with a drop like that. I picked up some at 2.38. Should make for a nice quick flip on this bounce. Glad I was keeping this on watch!
I do agree that this will make a really big move soon. But I think it may take a few days to get there.
If you've held this far on the drop, I'd probably wait for at least a mini bounce. It's already oversold on the hourly chart. I think somewhere between here and ~2.45 is probably the bottoms short term. And it should bounce up at least a bit from there.
Medium term, I think it'll have to consolidate a little bit down here before making a bigger move back up.
GLTY!
I bailed yesterday but am keeping watch. I think once this dip finds a bottom, it'll make a really nice bounce back up.
I like solar in general, and the percentage swings on this thing are great!
Picked some up at 2.90. This thing looks awesome! Great trading volatility here and looks like it's headed up big long-term!
Moving back to a real exchange would be great!
At the very least, order execution would be better. I bought another lot at the end of Friday at the ASK price. Put my order in several minutes before close. It finally did get filled, but I didn't get notified until a just after the close. Happy I got filled, but how sketchy is that?