get set..
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SSTI adding on pos. rel strength in FLSH SNDK, oversold
not looking for more than .20
Oversold scan criteria:
5day vol in top 4/7 of universe (used to be top 1/2 but expanded)
pps
volatility in top 1/2 of universe
xing 13dy MA
stochastic xing up through 20
can always tweak these but usually get between 20-60, sometimes fewer after a market run
IED didn't hit my oversold scan due to it's lo vol but YIKES!
their business is evidently selling investment education materials. rapidly growing revs. i suspect all their student buy their stock too!
i wonder why my TC2000 groups them under healthcare information services?
NMGC someone is accumulating
are they smart $ or dummies like moi LOL
previous Wed seems to have been the bottom
WGAT hit oversold scan tonite
10day 15minute is a pretty picture:
SRDX
possibly my favorite company. drug eluting stents just a small part of the company's portfolio. it looks like the BSX Taxus stent is going to be delayed longer in Japan, so this is a plus for them.
just reported positive earnings. i own shares in a longterm account and will add more tomorrow if the gap isn't too big.
p.s. Lindsey Davenport is having a longish afternoon in Australia, and Serena toughed out a great win against Sharipova(sp?)
LEXG oversold reversal on nice volume
APPA nice bullish engulfing pattern albeit on declining volume
XDSL Nanobattery Video: http://www.sciencentral.com/articles/view.php3?article_id=218392466&cat=3_5
MUSE if you're not faithful...care warranted...earnings after close today
MUSE 500K share block crossed about 7' after close @5.09
MUSE
DCEL back in..volume building and possible itch
still a lot of shares being offered but 1.68 1.69 asks finally seem to have been largely absorbed.
path of least resistance appears up from here, and don't want to miss a few cent gap in a.m.
AUDC added today on good earnings
AUDC gapped, ran pulled back to eat into gap and reversed up.
added at 14.8? for bounce back toward midrange of day.
nothing wrong with chart, but market so skittish
DCEL congested...like my lungs...at 8dy SMA
formed symmetrical triangle today on oscillation from hod at market open (that was sweet) to the lod. apex aptly at the 8day MA @ 1.68
took profit from 1.59 when it got hung here.
looking to rebuy on volume breakout to upside.
top of 8day BB still a target above 1.90 in a cooperative market which this AIN'T
there was a 500K share trade at the bid of 1.67 which i thought might get this pup going but it's a sleepy market in the stocks on my streamer
safe play is a buy breaking hod @ 1.72, but solid buying at 1.69 & 1.70 would bring me back in
LNDC in 1/2 position in 7.20s...
posted over weekend re. CEO webcast at landec.com
not in my shortterm trading acc't.
DCEL need close at or above open to attain positive candlestick pattern
added DCEL at 1.59 for anticipated xing of 8dy SMA and move toward 1.90
LNDC: better than an NFL conference championship
did some DD after noticing Susan's chart
turn the sound down on the tube while you watch one of the games and listen to the CEO's 1/2hr. webcast about what this company is gearing to do
http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=LNDC&script=1850
http://www.landec.com
I worked in the produce business 30 years ago and know more than a little about selling bananas. They don't sell when they're green and they don't sell when they get brown speckles. They sell a lot when they're yellow with green tips. this co. has a packaging film that can control vegetable respiration to maximize freshness, and it's use can evidently be extended to control the respiration/ripening of bananas. they claim to be able to extend the shelf life at optimal color for 2-5 extra days. Chiquita is going to market this year with the film technology, and they bought nearly 500K shares at 7.20 not too long ago
Anybody who knows anything about farming knows that sometimes when the soil is right for planting it rains and it gets too wet to plant. The window for planting is narrow and yields suffer and drying costs rise if you plant late. Landac has a temperature sensitive polymer coating that remains water impermeable until the soil temperature is right. You can plant much earlier without getting spotty uneven germination. Putting 1/4 to 1/3 of your acreage in early, even if seed is more costly, can increase yields and decrease drying costs in any year without optimal growing conditions. this segment is just getting going.
r u interested yet?
As per usual, if you are captured in a bad trade without doing your own DD this SECRETARY will DISAVOW any knowledge....good luck
BWEB EBS?
still oversold, but can move on relatively light volume
CNR took 1.38 for scalp
I did just a bit of research on CNR. They are drilling in Georgia in the former Soviet Union in some fertile territory.
I did the trade soley on the chartbreakout.
CNR chart breakout added @1.32
CNXT doing a round trip...
luckily got out round 2 for lunch money.
watched the furious action in SEHO this afternoon as the smallcap chat room scalped 10s of 1000s of shares. SEHO is a biometric co. that has never generated sales of any significance.
They licensed a patented bomb detection technology, but haven't found a development partner with the resources to commercialize it. But someone noticed that Business Week is doing a story mentioning the technology...then it was picked up by Briefing.com... and WOWSA did it run
SEHO could very well have a gap & run based on "vaporware", albeit very sexy vapor sniffing ware.
Wouldn't have gotten the CNXT play except happened to be watching at the right time....Sometimes it pays to be lucky. Certainly helps to have likely candidates on the streamer.
APCS not hooked to my charting sites
looks like a good breakout
CNXT held weakest intraday TL rebought at 1.68
looking for return to 1.75 intraday congestion area
CNXT
NMRX's deal is material to their earnings while a new product line for DeWalt/Black & Decker is not. NMRX has to make public any material changes
NMRX window of opportunity: low float & illiquid
http://press.arrivenet.com/pro/article.php/559681.html
NMRX is on the verge of announcing that the Black&Decker unit, DeWalt, is going to use their Cellemetry network for monitoring a jobsite wireless security solution called SITELOCK.
NMRX will receive a portion of the $30 or $40 monthly monitoring fee, which, as installations become more widespread starting early this year, will bring recurring revenue straight to the bottom line.
Worth your due diligence: http://www.nmrx.com/NMRX_Home.asp
not a day trade.
CNXT Candlestick Play by Play 2005
black black black black black black black hammer doji doji ?
hammer signals reversal possibility, dojis indecision.
my decision is to buy for scalp to top of 8day BBands near 1.80
ESLR entering blue sky brkg highs back to '01
SCLD vwd
out of town....jes' one more missed opportunity pour moi
go gettum
mike
out of town this week, so very limited in my trading
JDI...TERN looks like a good entry, but may need pos. market. short term stochastics have been scraping at near oversold levels almost the entire new year.. due for a reversal...
oneof my dec. mistakes was TGAL, sold most but kept a stub to build on whenit reverses up....even tho the oscillator has turned up the share price rise is quite anemic, so obviously no guarantees. You've got a nice near perfect hammer today, so TERN could be a winner.
Other oversold scan hits worth taking a look at: TWR QUIK SVNT ESLR AHO...no time to offer charts. gl to all.
IED no seasonality yet, but check these indicators!
i added AUDC today as a channel play crossing 8 day MA with target at top of the BBand
IED hunka munka chart...not in unfortunately
AUDC added today xing 8day MA;
target 17
SCLD will be watching Monday
hit the Ameritrade Advanced Analyzer 3 White soldier pattern (less rigorous than my own), but looking at the action friday a.m. and then at the close makes me think there is more upside coming
wd
STTC hod hoy +news, coming media campaign (1/5 news)
having been doing DD on STTC. not my nature to do much with bb issues, but am a biometric i.d. groupie. Though time&attendance isn't the sexiest part of the biometric sector, it appears STTC is gearing up to ramp sales and offer secure access as well via their SecureTime ID system.
bot a starter position on news this afternoon which, on surface, appears to offer the WBU unit some favorable advantages for international sales. BTW, hit Schwab on their ask but they disappeared it without filling a share.. had to pay up an extra .005. Crooks!!!
here's a link to the last 10Q:
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001127855%2D04%2D000711%2Etxt&FilePath....
"However, the acquisition of Wholsalebyus brings significant cash flow to the Company and has begun to grow very quickly with continued expansion of sales into and through 2005. It now appears that the Company has a realistic chance to reach cash flow positive by next year. The Company is also in the process of creating new distribution for the SecureTime System in numerous jurisdictions. It is anticipated that the new distribution currently being set up for the Time and Attendance product will begin to show significant gains in the near future. Solutions Technology is expected to begin contributing to the overall sales of the company in a significant way in early 2005."
http://www.softnettechnology.com is their website
daily
weekly
geez, should move to 2 year highs just on ihub sponsorship.
As per usual, if you are captured in a bad trade without doing your own DD this SECRETARY will DISAVOW any knowledge....good luck
VTSS pivot coming FLSH mega news NMGC rebound in progress
trying VTSS again...can't seem to make up it's mind to go
FLSH has a bunch of news from CES in Las Vegas...new apps for flash memory are hot
NMGC has nice bounce characteristics
Re: short interests in a stock
am no expert, but in a rapidly uptrending market buy orders can overwhelm shares available for sale. Market makers routinely sell shares short (shares they don't own) to make an orderly market. When the opportunity arises after the buying wave subsides, they "walk" the stock price down, buy the bids till they disappear and the bid drops, more buying (covering) leading to more selling by the "stuckholders" who bought in higher and now are getting stopped out according to the "first loss is best loss" theory.
here's a couple of links.
http://www.imanet.org/ima/pdf.asp?TP=/ima/docs/1900/1832.pdf
http://www.sec.gov/rules/concept/s72499/broy1.htm
INTD got a print at .63 but I didn't get any
would be happy to hear more from others more familiar with market maker behavior
oversolds: VPHM IRSN
http://www.investorshub.com/boards/read_msg.asp?message_id=5037787
INTD exhibited what i call a "hinge" in the short term oscillator that led to that posting. It is fully valued today at .73, but i would be a repeat buyer on a pullback which is likely.
Watched almost every trade this afternoon and "short interests" were in control until .61 was breached. they regained control at .65, but were overwhelmed again nearing the close. I would not be surprised to be rebuying in the .63 area tomorrow.
VPHM: oversold scan hit; target=top of 8dy BBand 3.60; IRSN
won't i be sorry if there's no followthrough :)
may be early but i said that about INTD this afternoon at 1:30!!! Chartstalker #9302
IRSN also hit the scan
notice however, that the last price spike, though large in amplitude did not have the "sustenance" to get to overbought on the oscillator, so I question how much spring is in the forthcoming upside reversal