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OT: I'm a big baseball fan and they just started broadcasting Spring training games on the radio. For those of us in this BadAss of a Winter, that's always good to hear. Nevermind the 0-3 Cubs record so far, or the 104 years of losing. Am waiting for today's 2PM gametime broadcast anyway.
LJPC - $7.57 - 15 Min Chart - Looking Good for $.20 move short term (today into tomorrow).
Here's an example of what looks good to me for a 15Min Chart:
MACD crossing, curling up, RSI broke out of descending triangle. The lower low's of the RSI are rising. RSI and share price did a small double-bottom looking "W".
STO moving Up. If price drops and RSI hits the lower "Solid" line, then that's a good point of entry.
Short Term LJCP looks to base and start moving up. Is a good risk / reward at this point IMO. No extra cash to enter or average down. Am just watching.
ULUR - 20% - Very Nice! Smurf steps up and smacks a double into the left-field corner, rounds third eyeing it and then heads back into second base.
Takes a breather and sees the 20% - Very Nice!
RSI - Yes very much so. I normally look at the Daily chart first to see how that looks. Then check the Weekly for the last 5-10 years or so to see overall trend.
Then if that looks good, I check the 15 Min chart for an entry/exit point. I look for RSI, STO, moving up, following trend lines. Look for MACD crossing or closing and moving up. Basically just trading off support and resistance lines on the RSI and also the price, but actually have found that trading off the RSI support and resistance lines is a sound trading pattern for me.
The thing that I REALLY look for is on the 15 min chart, when the price is sloping down and the RSI has been sloping up for that same period. That divergence I have found to be great. Any type of double-dip (like a small double bottom) on the 15 Min chart seems to really be great.
RSI is my #1 indicator, then Full Sto and then follow it up with MACD, then Bollinger Bands. The other few I'm trying to learn to help me is OBV, CMF, and Accu/Dist. But truthfully, so far all I see in those (OBV, CMF, ACC/Dis) is that they move the same with the price. Am trying to dig deeper to see if they can confirm or tell me more.
I admit to being pretty much of a one-trick pony in what I look for, because quite frankly it seems to work for me.
Where I have some problems is with stocks like ELTP, its hard for me to enter when it's been moving so well, and the RSI and other indicators are still high. IN ELTP's case, I'd have to look at the Flag its making (or pennant, or triangle) and use that too to see if it breaks out of that pattern.
Thanks. When I exit a trade or two and free up cash, will be looking to enter ELTP if I'm able to figure out a good point to do so according to how I like to trade.
hesse, What a Jan! Congrats. Feb was a rough month to start out with and you eeked out a gain. APPY should do very well going forward. CPRX probably as well, I know it moved up a lot recently but haven't been following it too closely.
I know HTM broke out last week or so and lets see if it can hold support and keep moving up.
Best of Luck (and for the kitchen remodel too). Thanks for sharing your positions and thoughts.
For me, posting my positions and thoughts, helps me to focus better and realize my strengths and weaknesses. It adds some accountability to my moves.
ELTP - Just curious as I know you've been following this stock for a long time. It's been up a lot recently, any chance that its been rising in hopes of good news and when the PR's are released in March its a sell on the news?
Thoughts?
OT: Little help? Just an FYI...this board is for making $ and for learning from each other. We can only do that if we all help each other.
Please post your PICKS, your WATCHLISTS and any theories that you may have. We're self learners here and we all have our own styles. What works for one, may not work for another, but we're open to all ideas. Throw it out there and see what sticks or what falls to the floor.
SO, POST AWAY PEOPLE! We're mainly Big Board stocks but will dabble in OTC.
What has worked for you? Thanks and Best of Luck!
Good to hear. Will be looking to join in on some of yours.
February Results: Gain +$4,450.95
February started out really rough with the stocks that I was holding down about $3,500 or so. I was able to turn it around and finish with my best month to date.
I sold KIPS in Friday's selloff for 4% - to lock in gains. I held it a good month or so, but a profit is a profit. Will look to get back in, if I can.
I entered LJPC in the Wedbush PR selloff, but I tried to catch the falling knife and got cut so far. I only had a 50% confirmation on my chart setup, but I entered anyway. My dumbass move of the month. I'm hoping it was February's DMotM and not March(es) :)
Good News is...LJPC should rebound and start moving up going into upcoming data being released, etc. So, am holding and not taking a loss. May average down later, but am not planning to at this point. Bought at $8.97, so down 15% already. I bought while low on sleep and high on stress. Two bad combinations. I think it just wanted something good to happen. Trade on charts, trade on fundamentals, don't trade on hope.
I'm normally good on patience, but sometimes, its hard to not swing at the curveball.
Bought RGDX again on Friday @ $1.42. I had wanted to get it if it went down to the 50DMA at $1.38, but it seemed to be holding up well in Friday's selloff so I bought 4,400 shares.
Bought 2,000 shares of SYN at $2.70. I know Smurf liked it and $heff jumped in again, so truth be told, am just giving this one a whirl for the heck of it :)
Holding LXRX. It sold off Big on Friday. Has data being released this quarter I believe so has that catalyst. I do mental stops and not computer stops, and I just missed selling this one for a small gain.
Holding DARA. Down 17%. Amazing how stocks move sometimes. Am not selling this one. I fell nothing but upside for it and think it will do well going forward. Orphan...done, offering...done, more salespeople...done, etc.
So am in the hole on my holding again...got out of it once, so am looking to do it again.
March Goal: $6,052 (same as last month)
(overall goal - don't lose anything :)
Thanks Smurf. I hope to continue to learn from each other (and all here), and remind each other to "lock in profits." I appreciate the chance to join in.
We saw the whiplash that occurred on Friday afternoon and which can happen at any time. Its all the more reason to "lock in profits" and have some $$ remaining for opportunity.
What's the quote?... "Luck is what happens when preparation meets opportunity."
-Roman philosopher, mid-1st century AD
Thank you.
Smurf, That's fantaaaastic. Be proud my blue friend.
Thanks for sharing and also for being open about the reasons you enter and exit and admitting when you make a bad move.
I'm going to post my Feb over the weekend and also update a few trades I've made in the past few days. One of which is my "Dumbass move of the Month." I seem to always have one.
OT : The Color RED - I believe Red to be a color of fortune and Good Luck in Chinese Culture. For this reason, I am moving to China today. I am seeing Red all over.
zaijian
RGDX $1.41 - Heads Up Notice
RGDX was moving up nicely until it hit the $tation $elloff.
Their catalysts are still coming up. Also, there were quite a few notices on a few boards here that have had positions before, of people not being able to place buy orders via their online brokers for whatever reasons, and if the wanted to order they would have to call the buy order in.
I'm sure this frustrated people and I believe that frustration may have also taken the price down.
Volume has been waaay down. Its nearing its 50DMA at $1.38. The last time it...it dipped below the 50DMA and then shot right back up the same day and began the uptrend.
Something to think about. I'll enter at $1.38 or below.
OT: Ned Serious - Offering & Dilution
Morning Folks. Been away for a few days from here due to dilution of myself. RSI and STOCH in oversold area.
Am looking for a bounceback soon and trending up.
(translation - too many health and real life issues to keep up with).
I hope to slowly get back into things today and hope the market has been good to you all.
Rymankoly, I saw this tweet ...
Marc Lehman
?@markflowchatter
Hearing Wedbush initiating on $LJPC with a new $27 target and Outperform rating.
Maybe look into that to see if that's it. I'm not in it. BOL.
Hopefully he'll write an article about DARA again. I believe he tweeted that he was working on info.
That might give it a temporary pop. I wasn't expecting much, but was expecting more than sell into the close.
$SPX - $1843 - We Are Here - Pause to Refresh?
Sometimes looking at the charts help to remind us of where we are. Let's remember just a few weeks ago when the "end of the world" correction peeps were out in full force.
We rallied hard since then. However maybe its time to take a breather? Just some caution to anyone who is interested. You can see on the chart, I circled the last few times of the past year where the market reversed off of a long wicked candle.
Today was the day I thought it would be, which is little up, little down. IMO market is pausing, I've been selling my holdings when I could and am going to watch a bit before entering again (unless something fantastico comes along).
The market may continue up. I believe overall we're still Bulls. Just good to take a peek around and take it all in.
LXRX hanging in there ok still. No breakdowns IMO. 15 min chart back on track, lil wobbly but ok. Daily ok too so far, although a bit overbought. Watching it when I can. Seems to have larger bids/asks to break through. When is earnings?
MSTX - AM watching too, but not too closely. Peeking in a few times a week. Remember that they have the ATM to use and its just my guess but IMO they might be using it to sell on the news. I think the last 3-4 times that news came out, IMO it sold down on that.
This latest surprise of the company that they bought came out of nowhere IMO (was 2-3 weeks back now), and it might be great for them. I don't know enough about it yet. However IMO, markets don't like surprises or indecisions, and this caught peeps off guard, or it did to me.
So, I'll be watching to see the next time it doesn't move down fast on news.
DARA - And...Still down -$700. Am holding for the moment. It was beat up so badly, it's not like the price was baked in, so am a holder for now and will see what they day (and next few) bring.
Or I may sell at any moment :)
SMURF / DARA & ODD STATUSES
FYI: The FDA released a whole slew of Orphan Notifications at once yesterday. This is new to me, maybe they always do that, maybe they don't. But I like to notice patterns. That's good to note and I'll research it for later.
I'm a BIG BELIEVER in SMURF. We all just need to learn patience, and just as hesse said, you'll have days like this, where you sell right before, and you'll also have days in which you'll buy a stock and for whatever reason, it'll go Boomski even when you weren't planning on it (but you should pretend you knew :)
Don't let the highs get too high or the lows too low. Yesterday is done, learn and move on, good bad or otherwise.
Don't look back on trades in envy or pride. Only look back to learn.
Decisions should be made for valid reasons. Sometimes, even when we make all the right moves, the timing isn't right, the market isn't co-operating, or lady luck was out to lunch.
Stay Focused. Stay Fearless. I believe in Smurf!
When asked for advice for batters, Hall of Famer Wade Boggs said, "Don't be afraid to strikeout." I saw that interview personally. I scribbled it on my wall in my office with a sharpie. Yes, I'm strange :)
GEVO - Sold All @ $1.33 for $437.13 (7%) for one day trade.
GEVO gapped up this AM on no news that I can see, its near resistance at $1.35 and it's a $437 gain for me. My availability to watch closely to trades today is limited, so locking in profits. It has plenty of room to move into Earnings, but I'm out.
Status Filled at $1.3306
Symbol GEVO
Description GEVO INC COM USD0.01
Action Sell
Quantity 5,000 Shares
Route FDLM
Order Type Limit at $1.33
Order Date 02/25/2014, 09:35:45 AM ET
Order Number B25NFJMX
DARA - Am holding my loser for now. IMO... MACD on the Daily is moving closer, may cross. Am still willing to give it some more time and see if salespeople are selling new products and also if Orphan Status magically comes through.
Learn from it and don't let it get to you. We're all going to have bad trades. Just keep 'em a lot less frequently then the good ones :)
And, now you got it out of the way and out of your mind. Line up some other trades, but let them come to you, don't force 'em.
Careful about these markets though. They been so strong for a while now, need some consolidation IMO. I am keeping my holdings to a minimum and will look to unload KIPS, GEVO, and LXRX on any gains.
Yes - Just hit 50 DMA at $1.30. Let's see if it can push past it and close past or near it. Would like to see better volume, but a nice day so far :)
horent,
Re: GEVO, see this post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97770007
IMO, needs more volume to pass $1.30 50DMA, but sometimes things just go the way they go and charts be damned. Best of Luck!
GEVO - $1.30 (+7%) UP - BUT LOW Volume (450k)
GEVO at 50DMA - $1.30 - Prolly need better volume to push past it, but one never knows.
IMO - GEVO has plenty of room to move on the Daily chart (resistance at $1.35/1.45/1.65 (gap)) and looked to be bouncing off support around $1.20 last few days. The 15 MIN chart looked good to me for entering this AM for quick play. Sentiment on twitter seemed to be down on it too, so I liked that :)
GEVO earnings early March (3rd or 4th). It's a fascinating company that makes BIO fuel and has Richard Branson as a partial investor, but that just sounds nice. The stock was $2.70 a year ago when Branson was an owner too.
GEVO investors are waiting on news about their facilities (specifically the Minnesota one) coming online and being productive. This is supposed to be soon (or has been already - not positive) from what I've read after being delayed for months and costing more $$$.
They also have a deal with coke to make plastic bottles out of bio-ingredients. They are 1 of 3 companies doing this for Coke. Coke has an initiative to make all bottle bio-based by 2020 I think it was, but don't quote me on that.
I'm looking to get $.10 - $.15 out of it and then be on my way. Not great volume today, so hard to tell if she continues this move today or not. For that reason, I may exit earlier then my goal.
If you're willing to wait, she may come back down to $1.24ish soon. Is some resistance at $1.35, hence with low volume I'll exit around there or earlier, unless things look differently.
GEVO - $1.23 Bought 5,000 shares @ $1.24
I really like the 15 Min Chart below. It hit the $1.20 level a month ago, so is at that support at the moment. It slightly bounced off $1.20ish.
It may fall to $1.10. If it does, that offers more support. To me, it has good risk/reward. Looking for a $.10-$.15 move on the trade.
Earnings in early March. Non Bio - Alternative Energy Company. Will post more info later.
Morning Smurf and all, Let's help each other get some good gains and close out Feb successfully.
Best of Luck!
I have GEVO on high watch. Looking for very short term trade. 1 hour to 5 days :)
Thanks kei,
I'll remind myself that data on p2/p3 may come early. Good to think about that and make sure to lock in profits fast (if they're there) - just in case.
Also, regarding playing ones that had good data and have come back down once the smoke clears, is a good one to remind myself too.
I did well on CYTR when it fell back into the 4's and played it into the 5&6's. I have CYTR on my watchlist now as it looks close to a reversal, and they did an offering recently, so that's over with. My concern with them, is that they use PAID promoters or have recently. I find that strange.
NAVB needs to come down a little for my entry now.
Best of Luck
Ned's Current Watchlist:
ACHN, ACST, AEZS, AOLS, APPY, CMXI, CYTR, ELTP, ETRM, GEVO, IGXT, RGDX, SARA, and EIEIO
It'd be looking a lot different if I were living in Colorado or Washington state :)
XLF: $21.48 - Financials Update - A week after the last review of the XLF, we can see that it is bouncing between the channel lines of 21.7 (higher) and 21.2 (lower).
It's currently sitting around 21.48 which is about halfway in between the upper and lower channel lines, and also a doji which IMO represents some indecision.
It seems to be resting near the solid yellow support/resistance line near 21.50. Why do we watch the XLF? Because some peeps believe that Banks and Techs are the rally sectors. Good to keep an eye out on what they're doing. About a week after the last review, and the XLF is about where it was last time.
kei,
Thanks for stopping by and letting us know your holdings. As you know, am a big fan of your style of trading and am always looking to learn. I have AEZS on watch still for a pickup. I just dropped ETRM on Friday only because I wanted to lock in short term gain and unload some holdings before the weekend. I'll pick it back up on any dips.
I need to look at the overall trend of the markets and see where they're at. They've been so powerful lately, and options expiration is now over, so they may need a little rest.
I know NAVB has been picked up by a lot, but I haven't looked at it recently. Thanks, and always let us know of any more.
Are you still in STEM?
KIPS - Article Out - CEO Interview
this link: http://tcbmag.com/Industries/Life-Sciences/Minnesota-Med-Tech-2-0?page=1
Appears to the impetus to KIPS's Happy Hour this afternoon. It has the twitter tweeters in a tustle.
highlights:
“Why? Why do you say it’s not fun?” Villafaña asks with a smile full of youthful exuberance. “We are doing a project right now that is potentially bigger than all of the other products I’ve done combined. We are talking about markets that are 10 times bigger than heart valve markets, four times bigger than pacemakers . . . “When a game of golf is more interesting than what I am doing,” says Villafaña, “I’ll take up golf.”
KIPS $.70 : Daily Chart Update
I annotated this chart last week and noted...
"Timing will never be perfect, but IMO this looks like it could be a good opportunity to buy in now or during this upcoming week maybe."
KIPS had a strong move into the close. Hopefully somebody knows something and news coming this week.
KIPS might be making leg #6 (green dashes) in chart below...
NLST - $2.05 - Down $.25 from Smurf's sell. Moved down fast.
And that is why we remind each other to lock in profits on these fast runners!
Fantastic trade Smurf. Get the $$$ and move on. By now, we should all realize, that there really are so many trades each day, and each week. Make the mad cash grab and move on.
Now, there are stocks for the long haul, but those are ones that you study, and study, and study. Not, ones that just popped up on your radar and are a good short term play.