Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I'm expecting more up today, but a full retracement Monday to get the shorts excited again. Tuesday I have as a real strong up day..
Good..maybe your NT can make my BKHM start it's trek to $6..lol!
Looks real strong on the open. Sustained up finally?
Will be adding FNSR in the am. Tomorrow. Would like to see it test its recent low in the first 1/2 hour. After this deployment, I am ALL TAPPED OUT..
Will be adding AUDC at the end of day today. I like thier potential here, especially with them riding on NT's coat tails.
I concur with wahz on both - BKHM and FNSR.
JMAR is looking like a buy too, for a large risk/large reward play.
What a flush job today! I would have loved to add to FNSR today. If we don't bounce this week, we may be in for a long couple of months. But by then, I will surely have more to add. Good luck all!
Great job! You played that well and are much braver on your shorts than me.
My BKHM holding support very nicely today on an ugly day. Makes up for my SCMR gap down. FNSR taking a beating. If I can free up some more cash, I'l be adding to that one by Wednesday..
I shorted in the $6's, but covered to early. Oh well, I didn't want a stick up my a$$!
Looks like a FNSR washout today. Wish I had more funds...
SCMR $4.07 - snagged it and now long 100%. No margin used this whole time, no worries. Good luck all!
SCMR - It's crazy that it only 19% above book, holding hordes of cash, and has $100 million coming in the next two years with the GIGb contract and Sprint alone. Talk about inefficient market! Throw the paultry $6M they just reported on top of each quarter in the next two years getting an additional $12.5M, and you have a 300% increase on sales over last year this time next year - with no additional new contracts. With thier restructure and margins tightened up, profitability will come with just one or two more customer wins out there, or with Vodafone beefing up its buying a little more. This stock should have the wind behind its back once spending picks up. TIA is already forecasting nice upticks in the telecommunications sector in the next few years, and all of my ramblings should already be reflected into the current price. I may need to add to my position soon. I just hope it doesn't get picked up for peanuts here any time soon.
Well that would be a serious compliment if the market was trying to roast me personally. Unfortunately, I personally don't have the kind of capital that would sway them away from looking at popular opinion, which to me seems to actually be 1) Wait for the next fall, or 2) I'm going flat for the weekend to see what Monday brings me.
My strategy now is to avoid short-term capital gains (which I have paid my share of over the last few years from shorting and going long regularily) and commit to the big picture.
I work for a venture development company in Seattle and we are in constant touch with venture capitalists, angel investors, etc. (some "real movers and shakers") if you know what I mean. The economy is getting much stronger right now, and that will be reflected in these stock prices, whether it be next week or the end of this year.
I also noticed that none of my stocks made a new low today, largely because the COMP was really dragged down by INTC. INTC is starting to look compelling here now...
It looks like Monday is "index do or die" time for the scenario that is to be laid out for the next several months. I really don't mind my long positition right now, given that I see much higher prices at the second half of the year regardless what happens next week. Finding other sources of investing capital over the weekend so if they gift us lower prices in the next several weeks I can take advantage of it again. I would like to use that capital on a pullback from what I hope is Monday and Tuesday UP MANANA.
Zeev, i did an audit of the 10 or so board I frequent and 80% (if not more) expect another wave down here. My canary for the communications sector (CIEN) traded over 30 million shares on a down day a few days ago, levels consistent with a bottom for specialist accumulation. I have to go against the grain here and say this is it for the down action, which obviously my 90% deployment speaks loudly to that..
The cycle guys I follow are torn right now, but I'd say 80% of them are expecting another wave down. I really think today may be the last day to get these prices, but still keeping my 10% on the sidelines for now..
MSFT is suppose to have a free "XP upgrade" for thier ernterprise customers that bought when it was originally released. The free upgrade was within a certain time limit, and I don't think it will come to market in time. So I think thier pissing off some cusomers right now, since they will be asking those customers to pay for an upgrade they were expecting at no cost. RHAT is a serious threat right now too. I know several key employees that have been flying away from that nest lately...
That is definately a factor too. I've always thought that the next recovery in US businesses will no longer mean increased jobs for us. Costs are being managed very smartly now, and India and China is getting the lions share. Gone are the plentiful six figure jobs we had in Seattle several years ago.
It's funny we are discussing this, beacuse my small company that is building IM services for a very large customer is in talks of getting everything outsourced to India. And I work at a very small company. The larger ones like MSFT are surely sending thousands of jobs overseas.
By the way, I have a relative that has worked at Microsoft for over 8 years now. Apparently there is fear amongst her group that the layoff ax is coming (she is a permanent employee, not a contractor). May be attributing to MSFT's weakness lately, indicating that it may not just be the "market" or the European discussion's Balmer was just in that CNN touted today. I work right across the street from Microsoft in Redmond, WA, so I keep my ears to the walls as much as possible. A warning by them may be coming? Who knows? If so, that may help your final swoon scenario..
Exactly. I've been on the prowl for "buying and holding", something I haven't done for a couple of years now. I'm completely convinced that the communication sector will outperform the next few years now.
My "canary" stock CIEN traded over 30 million shares a few days ago, and has not tested $4.80 yet. We still may see some early weakness tomorrow, but I think that this down move is finally complete. And if it's not, I still have another 10% of my cash to deploy. I plan on utilizing some margin after the first pullback on what I expect to be a quick ride back to 2150 within 30 trading days.
Thanks. I opted to add BKHM instead of adding more AVNX!
That is exactly why I am 90% long right now. Everybody is holding pat for lower lows...
I am 90% long right now. Everytime I tried to time the bottom, the train always left without me. Will find additional funds if this next leg is in the works. If not, I am a happy camper..
Took on more SCMR at $4.17. 90% long now. eom
What's up with AVNX? Anyone know?
Toa average down in AVNX or not. That is the question....hmmm
Picked up some BKHM at $2.16. Under $2 may not happen, but still have some powder dry if it does..
Something seems "wrong" with AVNX. Severely underperforming it's peers lately.
SONS is filing a partial annual report on Monday with no audited financials. So what the heck are they putting out? I work in tnis space, and they are a long term winner..
Disgusting day. Lots of high volume red bars on the chart. End should be here soon, lets hope. I'm 80% long as of today..
Opticals taking a royal beating today. I think it's safe to say that this group will now lead the NAZ higher in the future. Massave accumulation could be going on right now, and I'm gonna join the party with my "hold for over a year" shares.
Added AVNX at $4.03 eom
CIEN on track to do over 20M shares traded today. Good enough for me to get close to a bottom.. I think..
Nibbled on some CIEN at $5.09 eom
Also BKBOF at $2.30....Lots of goodies out there..
Delata hedging to create our local low this week? Maybe so..