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APOL chart
UNG
Those sell ratings on APOL did not help
As always--getting in BEFORE the move is the key. LOL
Watching a few bottom fishing stock plays for an increase in volume on news...they are out there. Watching ESRG--solar panel play and very low volume---and IMDS--waiting for volume with substantive news, but it is liquid.
ESRG
IMDS
SPSN does look good...congrats...I got in after the move started but happy
CYBL, NGRN, ESRG, IMDS
Scalp time--APOL
ETFC, UIS, C
SOW--SPSN chart
Weeeeeeeeeeeeeeeeeee!
LLSR chart
LLSR up
SPNG Chart
[cha\rt]
CTT on watch for orders after recent FDA approval. First market approval, then sales.
[cha\rt]
No problem--oh--not for me ? LOL
Solar panel play---ESRG
With some real revenue news on CYBL, the sky is the limit---
0r at least a penny! .01!
Frick, Frack and Frank
Yep, NMKT is one of my LOTTO tickets. At today's price of .028, the market cap is about $9.5 Million with revenue of about $100 Million. I just do not think that that will be ignored forever. If the market cap went to $30 million --or .3 times sales--the stock goes to .09--or up more than 300%.
But, hey, what do I know? I bought LEH at $2.00 for a pop. LOL
Hey, Edward, How about an update on your last chart
on AXTG? Thanks in advance. Just looks like a nice base.
Watch NMKT this week, bummer.
NGRN looking like it should be on watch
AXTG breakout at .38
WEBM, CYBL, NMKT, UIS charts
CYBL
NMKT
UIS
Pump program worked on INDR
Whoops, I meant NGRN
NGRO for moi, lucy
Charts in green technology--ABYG, AXTG, NGRN
AXTG
NGRN
CTT on watch--nice set up for a run. Recent FDA approval of a pain management device. Now is the wait for the pending news on the beginning of sales in the US.
This Bear Market Rally will not last forever.
Time to laugh. It has been a good day.
And politicians of both stripes give us alot of comedic material.
Bet Madoff gets the top bunk. After all, he is used to the penthouse.
Madoff's New Crib
EPIC--check out this NMKT chart. Looks like it could run, IMO
NMKT does have a nice chart. Look like it could get .05 or so.
ONEV
Bust that bottom--any bottom. But do not stay for long.
Watch AXTG today on Green Technology news just out, bumster.
The New Elite--Government!
Prechter Advises Closing Short Positions on Stocks (Update3)
By Sarah Jones
Feb. 24 (Bloomberg) -- Elliott Wave International Inc.’s Robert Prechter, who advised shorting U.S. stocks three months before the bear market began, said investors should end that bet after the Standard & Poor’s 500 Index tumbled to a 12-year low.
He warned of a “sharp and scary” rebound for anyone still wagering on a retreat, according to this month’s “Elliott Wave Theorist.” Short selling is the sale of borrowed stock in the hope of profiting by buying the securities later at a lower price and returning them to the shareholder.
“This is an environment of escalating financial chaos,” wrote Prechter, famous for cautioning that stocks would crash two weeks before the Black Monday retreat in 1987. “Our main job is to keep the money we have. If we exit now, we will do that.”
The 60-year-old former rock-and-roll drummer is an advocate of the wave principle, a theory developed by accountant Ralph Nelson Elliott during the Great Depression. Elliott concluded that market swings, or waves, follow a predictable, five-stage structure of three steps forward, two steps back.
In addition, the waves share a variety of features: Wave two never falls below the starting level of wave one; wave three is never the shortest; waves one and five tend to be of equal length; and wave sizes are often related by a series of numbers known as the Fibonacci sequence, wherein each number is based on the sum of the two previous ones.
‘Final Bottom?’
The S&P 500 has sunk 52 percent since its October 2007 record as financial firms worldwide posted $1.11 trillion in credit-related losses and the U.S., Europe and Japan fell into the first simultaneous recessions since World War II. In July 2007, Prechter advised shorting U.S. stocks, saying “aggressive speculators should return to a fully leveraged short position.”
Although Prechter has now reversed that call, he said the S&P 500 may keep plunging.
“Am I saying that the market has reached its final bottom? No!” he wrote. “The wave count is not quite finished, and ideally the S&P should continue down into the 600s.”
The measure jumped 4 percent to 773.14 today.
Prechter’s recommendation follows the advice of JPMorgan Chase & Co.’s U.S. equity strategist Thomas Lee, who today issued a “trading buy” recommendation on the S&P 500. The index fell to 743.33 yesterday. Lee set a “short-term” forecast of 800.
“The market is compressed,” Prechter said in the note published yesterday. “When it finds a bottom and rallies, it will be sharp and scary for anyone who is short. I would rather be early than late.”
He has written or edited 13 books, including “Elliott Wave Principle: Key to Market Behavior” in 1978 and “Conquer the Crash” in 2002. His 1995 book “At the Crest of the Tidal Wave: A Forecast for the Great Bear Market,” was published five years before the Internet bubble burst, driving a 49 percent retreat in the S&P 500 through October 2002. Still, investors who followed his advice missed out on the index more than doubling.
To contact the reporter on this story: Sarah Jones in London at jones35@bloomberg.net.
Obama sure is tearing it up. Tearing up any budget.
HIG, CPN chart
CPN
I am planning to buy GE at $7.50.
But, wait, President Obama will save the day with more spending?
CPN on Watch
And as Rome burns...