Fairy Square Setup - TGLE

Hi Ken,

I used the preceeding Magic Box from the beginning of June to draw the Fairy Square box on TGLE, which confirmed positive. Not sure if I should have used the preceeding Aroon down 87.5 around July 18th to draw the Fairy Square which obviously would not confirm a possible reversal.

Could you please clarify. Thanks.
WaycoKid

Thanks for the info. Much appreciated.
WaycoKid

Decisions. Decisions. Decisions.

Hi Ken,

your timing setups are really helping me to understand entry points. With all the possible plays you see everyday, how does your criteria change in the moment as to which stock you will ultimately buy? Do you spread a little money into many stocks or do you focus on a few at a time? Am just feeling a bit overwhelmed at the moment with all the possibilities.

Thanks for your time.
WaycoKid

AMHD Chart

Hi Ken,

Any thoughts on the position of the current PPS and what we might expect ?

Thanks for your support, attention and always your promptness in answering our questions.

WaycoKid

BTW - Having bought in quite high I sold out today as I did not want to chance a reversal and lose the profit.

Any reason why stockcharts doesn't show ZP and FLWTZ charts?
Or are those not the correct ticker symbols.

Potential Fairy Square Play

Hi Ken,

needed some clarification here. If DMI- moves down thru 87.5 would this indicate a potential Fairy Square Play. The upper BB does enter the box and then rebounds. Does the BB need to continue down throught the box in order for a reversal to be confirmed?

Thanks for the help,

WaycoKid

Hi Low, FORG chart similar to REV chart.

Any thoughts on possible entry points, movement of ADX, and the implication of the Aroon.

Thanks.

Appreciate your FGFC lesson. I already feel my confidence and understanding growing with the help you are providing. Many thanks again.

Which program do you use to create charts with future indicator lines e.g. your post on DYMTF - very good for preparing for moves.

WaycoKid

FGFC Question

Hi Low,

been following FGFC, interesting play as company is retiring 48 million shares, to reduce authorized shares to 150 million, and recently authorized reduction of another 50 million outstanding restricted shares (does that make sense?). Also on Allstock message boards it appears those holding shares long are accumulating a tally of the percentage of the outstanding share balance they currently hold - up to 45% of outstanding as of August 1st.

Ever seen this type of a scenario before? And if yes, how did it play out in the long run.

Thanks.
WaycoKid

Will stick to limits for now. THanks

Re: Selling a Daytrade

What do you think of selling with a market order during your daytrade instead of entering in your target price as a limit order. Once your price is reached won't this push you up to the front of the order line right away?

Thanks

Thanks for the reply.

Question re: Lowtrades.com

This week my broker (Scott) would not allow online buys of RMDG, IPRE and PMHJ all at the end of the day after huge runs, causing the stocks to tank.

Have you ever experienced this while using Lowtrades.com?

Thinking of switching over ... Thanks

FORG $115M Rev from IP Rights

Market Wire News Article:
July 19, 2006 11:37 AM

Forgent Networks Announces Intellectual Property Program Update


Forgent(TM) Networks (NASDAQ: FORG) today announced, at the most recent hearing, in Forgent's patent infringement cases involving U.S. Patent No. 6,285,746 (the '746 Patent) in the U.S. District Court for the Eastern District of Texas, Tyler Division, Judge Leonard Davis set a Markman hearing on claim construction for November 9, 2006, and set a trial date of May 14, 2007. The court also ordered mediation among the parties to occur prior to the Markman hearing. Mediation has been scheduled to begin on September 11, 2006.

"We are pleased with the pace and progress of this litigation," said Richard Snyder, CEO and chairman of Forgent Networks. "That we will be able to present our case to a jury in 10 months is very encouraging."

On July 14, 2005, Forgent initiated litigation against approximately 15 companies for infringement of the '746 Patent in the Eastern District of Texas, Marshall Division. On September 19, 2005, Scientific-Atlanta and Motorola filed a complaint against Forgent in the Eastern District of Texas, Tyler Division. The defendants include: Comcast Corporation (NASDAQ: CMCSA) (NASDAQ: CMCSK), EchoStar Communications Corporation (NASDAQ: DISH), The DIRECTV Group, Inc. (NYSE: DTV), Time Warner Inc. (NYSE: TWX), and their respective subsidiaries, Cable One, Inc. a subsidiary of The Washington Post Company (NYSE: WPO), Charter Communications, Inc. (NASDAQ: CHTR), Cox Communications, Inc. a subsidiary of family owned Cox Enterprises, Inc.

The '746 Patent, which expires on May 21, 2011, relates to a computer controlled video system allowing playback during recording. During playback, the system reads the video content from the storage component. The '746 Patent derived from application serial number 07/703,685 that was filed on May 21, 1991.

In response to the recent claims construction ruling relating to U.S. Patent No. 4,698,672 (the '672 Patent), Forgent intends to pursue to the fullest extent available all options within the full federal court system. In Addition, the company is working directly with the U.S. Patent and Trademark Office to clarify and defend its position with respect to the ongoing reexamination of the '672 Patent.

Forgent has pending litigation against approximately 30 companies for infringement of the '672 Patent in the U.S. District Court for the Northern District of California. Following the filing of the litigation, 15 companies who were defendants have entered into license agreements.

Additionally, Forgent indicates it has approximately 20 other patents and is currently evaluating them to determine how to best maximize the value of these assets to its shareholders.

Since its inception more than three years ago, Forgent's intellectual property program has generated approximately $115 million in revenues primarily from licensing the '672 Patent to more than 60 different companies in Asia, Europe and the United States.[/bold] The company's patent portfolio includes the combined inventions of Compression Labs, Inc., VTEL Corporation and Forgent Networks, Inc.

About Forgent

Forgent(TM) Networks (NASDAQ: FORG) develops and licenses intellectual property and provides scheduling software to a wide variety of customers. Forgent's intellectual property licensing program is related to communication technologies developed from a diverse and growing patent portfolio. Forgent's software division, NetSimplicity provides a spectrum of scheduling software that enables all sizes of organizations to streamline the scheduling of people, places and things. For additional information please visit www.forgent.com.

FORG Monday "BIG" Reversal Chart

SAME THING HAPPENED YESTERDAY WITH IPRE ...

Ameritrade, Scottrade would not allow buying online, so no buys coming in .. stock tanked 50% in 10 minutes ..

MM's using all their sly ways to play..

In at HOD - GEEEEEEZZZZZZZ . . .

Not worried though, only reason legs were cut out from under us today is because MM's were not prepared for the force of IPRE's next run.

News will spread today, just watch.