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only thing I see that concerns me is the hanging man from yesterday, other than that she looks great IMO, could be a super nice play in the coming days
it's moving but not nearly like what I would picture as ideal, however I'm of the opinion when it does catch it will move fast. Hopefully I can make a couple 3-5% flips and be around when it does hit.
I'm thinking big money is accumulating as it should be a solid long term play. The more they accumulate the tighter the float gets and with the number of outstanding shorts it could get interesting when she starts moving up and gets above the 4.00 mark. Of course I could be completely wrong and lose my ass on it as well, guess time will tell
when she does bounce, she should bounce well IMO
keep an eye on Ruby Tuesday, RT, just noticed its bid and ask is up and has already made a print this morning, news on the horizon or just ready for a bounce?? It should be about to find a bottom regardless, at least I would hope so
I did load some ETFC, hope it continues its trend up, if not I'm blaming it on being sick and not having a clear mind, about 3.45 to 3.50 today would make me happy
I wish I had a pocket full of those .92's, am sure I would've spent them by now but would have been a nice gain
speaking of which, when do we eat on this job?
I'm putting them in a list now, I know how some of your new and improved scans have worked in the past, I may be retired by sundown. Hey its a nice thought anyway!
DNDN
Dendreon Corp. (DNDN) said Tuesday it has been granted a broad European patent covering the company's lead product candidate Provenge, its investigational active cellular immunotherapy for the treatment of advanced prostate cancer. Dendreon stock rose almost 7% Monday to close at $6.46 per share.
WSM (Williams Sonoma)
put news out this morning on holiday sales, looks like holiday sales up, years earnings flat, kind of a mixed emotion as I haven't read all the details, will be interesting to see how the market reacts with the dip they have taken recently.
Ouch, this won't help much today IMO
Citigroup Swings To 4Q Loss On $18.1B Write-Down >C
Citigroup Inc. (C) swung to a fourth-quarter loss of $9.83 billion, or $1.99 a share, from year-earlier net income of $5.13 billion, or $1.03 a share, as continued woes in the sub-prime market caused the company to book pretax write-downs and credit costs of about $18.1 billion.
Results for the latest quarter also included a $4.1 billion increase in credit costs in Citigroup's U.S. consumer loan portfolio.
In addition, the struggling financial-services company said it is shoring up its finances by cutting its dividend to 32 cents from 54 cents, and divesting itself of non-core assets and businesses.
The company called the fourth-quarter results "clearly unacceptable."
The New York company said revenue dropped 70% to $7.22 billion from $23.83 billion a year earlier.
On average, analysts polled by Thomson Financial expected a loss of $1.03 a share on $10.64 billion in revenue.
Operating expenses rose 18%, driven by the impact of acquisitions and charges related to about 4,200 net headcount reductions in the fourth quarter.
Citigroup shares closed Monday up 50 cents, or 1.8%, at $29.06.
CRIS chart
I stumbled upon this while looking at a couple other things this morning. Chart has been beautiful last couple days but looks like it is up against some heavy resistance in the 1.30 range. It is a pharmaceutical which instantly raises a red flag with me, they just aren't my favorite plays. I see a couple things I like such as low debt and an excellent current ratio. I also see a couple things I don't like such as market cap looks a bit high for their revenues and there isn't much cash flow. Either way I think I'll keep an eye on them for a few.
Good morning Chartinator, I've been watching your board and must admit you have impressed me. Looks like you have a good group of people here. One thing I have found that I appreciate is the no pump approach and reasoning behind many of your picks. Another thing I like is that it seems you take both a fundamental and technical approach to your picks. IMO can't have one without the other or you only get half the picture. Keep up the good work and best of luck to you on future plays
ETFC, huge blocks rolling through on it
HILL broke into the 4's, nice call there, let her run
Good luck on it, I've been watching it and like how its trading, chart looks nice and news is good. If I didn't have funds tied up I would probably be in there with ya
Interesting you should mention CTB, I was looking at it this morning and I agree with ya, I like it
doesn't look like it wants to pull back any for ya, not looking too bad IMO
A couple things I keep in mind when trading that I have picked up along the way. I've now been doing this for almost 9 years in one form or another and have learned some hard lessons along the way. I will be the first to admit I don't know everything but am constantly learning more. These are my opinions of how the game should be played
#1 Golden rule: Never trade with money you can't afford to lose
Greed and emotion will take profits, more times than not when you have profit you should take it and move on, set a target and stick to it, I like to use 3% per trade, anything above this is pure bonus and one can do very well turning 3%
You will never go broke by taking a profit!
Learn both Technical analysis and fundamental analysis, each will affect the other
Watch how a stock trades before buying in, if it isn't trading the way you like, avoid it. Learn the stocks support and resistance levels and use them to your advantage
Trade with the market not against it, swimming against the tide will suck you down eventually
Never buy into hype and don't believe anything you read on a board such Ihub unless it can be verified and confirmed by outside sources such as news releases and filings.
Never chase a stock up and always assume the price will fall as soon as you place your buy order.
Learn to tolerate loss, determine how much you are willing to lose before buying and if the stock begins to tank sell before you lose more than that amount. Nobody likes to take a loss but you must Preserve capital, if it continues to fall you may have lost but you didn't lose as much as you could have and you can always reenter later
News will have effect on charts and TA, it may enhance it or may crash it, watch both and be aware of what is going on with the company being traded
I have sworn off trading OTCBB and pink sheet stocks, way too many pump and dumps and scams, big profits can be made but big capital can also be lost. I have quite a few in my portfolio that are worthless and I keep them there to remind me of how fast money can be lost.
I'm sure there are more so feel free to add to them, use what you like and discard what you don't.
premarket looking nice, pre market high so far 3.35, may be another green day today
that has me puzzled, you obviously are doing it right if it posts alone without text without any problems. Also have you posted that way before, I am sure you have because I've seen the posts. Only thing I can think of would be to clear out your cookies and temporary internet files and reboot your system. May be one of those little gremlin glitches that happens from time to time
ETFC (E*Trade Financial) up nice in premarket, could be another green day for them
I'm not sure what would cause that, I've not tried posting a chart today, did yesterday and when it posted all my annotations disappeared. Getting ready to post one for ETFC will see how it goes, they are up in premarket by the way trading rather nice
yep, news hit the wire just a little bit ago, I didn't read it all but what I did read sounded rather impressive
from news:
International Business Machines Corp. (IBM) said preliminary fourth-quarter earnings from continuing operations were $2.80 a share, up from $2.26 a share a year earlier, driven by growth in Asia and Europe operations.
The Armonk, N.Y., information technology company said fourth-quarter revenue was $28.9 billion, up 10% from a year earlier.
Including a gain of 5 cents a share from the second-quarter sale of its printing systems unit, IBM said 2007 earnings were $7.18 a share, up from $6.06 a share in the year-earlier period.
Full-year revenue increased 8% to $98.8 billion, IBM said.
The company added that it is on track to achieve its long-term earnings-per-share roadmap objective in 2010.
IBM trading up nearly 10% in premarket on news that Q4 revenues increased 10%
F (Ford Motor Co) interesting news out this morning that I believe investors will like. Especially with Ford trading near their 52 week low.
=DJ Ford Debuts Verve, Plans US Subcompact Return In 2010
.
By Jeff Bennett
Of DOW JONES NEWSWIRES
(This article was originally published Sunday)
DETROIT (Dow Jones)--Ford Motor Co. (F), which for years has pinned its U.S. success on selling pickup trucks and sport-utility vehicles, will return to the subcompactcar market after a 10-year absence as it undertakes a radical change to its worldwide strategy.
The Verve, a small concept-sedan tricked out with a rouge-red finish and a high-tech feel, is set to makes its U.S. debut Sunday at the North American International Auto Show. Ford plans to roll a Verve-style four-door car into U.S. showrooms by 2010 on a hunch that it can attract a new generation of young consumers who want environmentally friendly yet sleek-looking small vehicles. A hatchback version will also be shown to test response for possible sale in the U.S.
Ford Chief Executive Alan Mulally is also betting the Verve will help usher in a return to small vehicles. The Verve, he says, would become the blueprint off of which Ford can quickly build all types of small vehicles and sell them in other regions.
"We had been focused on trucks and large SUVs and that has worked, but clearly the world is changing," Mulally said in a recent interview with Dow Jones Newswires. "We believe the world market of car buyers is converging over features like fuel efficiency, safety and connectivity, and a car like the Verve, with a few minor tweaks, will be attractive no matter which country it's sold in."
Ford is pursuing a new strategy after it was ousted as the No. 2 U.S. auto maker in terms of sales by Toyota Motor Corp. (TM). Ford had held the spot for 75 years. Ford's overall sales in its home market fell 12% in 2007 compared with 2006. Last week, the stock slid below $6 for the first time in 16 years.
Enter The Millennials
Ford wants to score a quick success in the U.S. subcompact market after abandoning it in 1997 by pulling the Ford Festiva. Profit margins eroded as customers were increasingly attracted to SUVs as gas prices remained below $1.25.
Mounting evidence now shows the subcompact car market is being rejuvenated by the Millennials. The group of people, born between 1980 and 2000, are starting to shop for their first car and they want something small in this era of gasoline prices above $3 per gallon.
Millennials are expected to account for 28% of the total U.S. population by 2010 and number 1.7 billion worldwide. Their shopping habits have already boosted small-car market share to its highest level in seven years.
"Last year, the subcompact market share of the U.S. market was 2.3%, or 384,650 vehicles, which may not sound like much but it is more than double the share the market had just two years ago," said Tom Libby, an analyst at marketing-research firm J.D. Power & Associates in Westlake Village, Calif. "Ford needs to be there because the segment also acts as a feeder. Those who buy in the subcompact market are generally brand loyal when they trade up to another vehicle."
Ford expects to have a vehicle that strips away the traditional cheap, cheerful, "econo-boxes" that symbolized the segment, Ford's Americas President Mark Fields said. In fact, Ford dropped the idea of bringing in a car from another country just so it could quickly introduce a small-car offering, Fields said.
"We didn't want to have something to just check off a box," Fields said. "We had to come out with a stunner," he added, noting that it had to be a vehicle that people wanted, and not just because of soaring fuel prices at the moment.
The Verve
The Verve showcases such features as an in-dash console similar in look and shape to a cell phone's keypad lit with a maroon tint. The front includes a trapezoidal lower grille with LED lights. Seats would feature two colors and different textures while the outside sports a coupe-look and glass roof rolling on 18-inch wheels powered by a four-cylinder engine.
"It has a good design that conveys motion and gives the appearance of a much more expensive look than what you would traditionally find for a subcompact-car segment," said Erich Merle, an analyst with IRN Inc. based in Grand Rapids, Mich. "They can't take shortcuts so that it looks cheap on the inside but it will require a creative touch so that you can get champagne tastes on a beer budget. Cost is the biggest hurdle in this market."
Ford has not disclosed price although it will be touted as an entry level vehicle below the Ford Focus, which costs in the mid-$17,000 range.
More than 85% of the car can be built out of common parts the auto maker already uses, which will help control costs, said Ford Global Product Development chief Derrick Kuzak. He can also build the car in multiple plants relying on parts provided by suppliers that are now operating in lower-cost countries.
With that footing, Kuzak could quickly jump into other countries as demand for small cars grows. By 2012, worldwide demand for small cars is estimated to hit 38 million, up from 23 million in 2002.
"We have been successful across Europe building small cars," Kuzak said. "We have the expertise - we can do it profitably and meet customer demands."
I would be willing to bet there are quite a few investors accumulating some nice size blocks with long term in mind. IMO anyone who can afford to accumulate a large chunk in this price range and hold for a period of time, say 6 to 18 months or longer, should do quiet well when the time comes to sell. With ETFC getting their affairs in order this should be a no brainer for the long term. For those playing short term those who are accumulating should only help out. More shares out of circulation means less shares available when those short begin to cover. When this happens it should call for some nice gains.
I also agree if this does dip below three again it won't stay long and would only spark increased buying and accumulating.
One thing I would love to see would be the company buying some shares back at these fire sale prices as well as insiders loading up. IMO this would only increase investor confidence and drive this a little harder.
All my opinion of course FWIW.
UST, for the most part I really like it, nice trend up on the daily chart, nice gain on a day when the markets lost so much. I also have a gut feeling that their sales and revenues will increase with so many states going smokefree, including Illinois as of 01/01/08. I look for many to just quit smoking all together but for many others to turn to smokeless tobacco.
Couple of nice bullish crossovers as indicated on the daily chart.
On the flip side I see a few things on the intraday that raised an eyebrow. UST was trading at HOD until the last ten minutes when it had a pullback. Could be nothing but could be sign of lower prices on Monday. I don't even want to speculate as it could easily go either way in the short term, however I feel it is very probable that the uptrend on the daily will continue
Daily (lost annotations in posting will rework it later and post)
5 minute intraday
I like this one, chart looks good on it IMO, bottom may be in and it could get interesting
just an amazing little show IMO
EFII out at 13.21 a few minutes ago, .44 gain, little over 3%
EFII looks to possibly have found bottom, intraday chart lining up decent, took a chance on it with small position at 12.77
EFII, way down, watching for possible bounce, has nice volume for an easy in and out
Dow trying to come back a bit now
RGR down to 7.56 on very light volume, if it holds the 7.50 support it will be a nice entry point
Doesn't sound like a bad idea, I may have to try that approach and see how it works out
Somebody hit the reset button for the markets, I'm not liking how this is starting off
seems to have calmed down a bit on pre market but still looking to gap up, I'd watch it for a bit to see what it does, the way it trades it will most likely have some point today where one can make a good flip
Entry into a Material Definitive Agreement
10-Jan-2008
Item 1.01. Entry into a Material Definitive Agreement.
First Amended and Restated Supply Agreement with Solarfun Power Hong Kong Limited
On November 19, 2007, Hoku Scientific, Inc., or Hoku Scientific, entered into a supply agreement with Solarfun Power Hong Kong Limited, or Solarfun, a subsidiary of Solarfun Power Holdings Co., Ltd., for the sale and delivery of polysilicon to Solarfun over an eight-year period beginning in July 2009, or the Supply Agreement. Pursuant to the Supply Agreement, Solarfun provided Hoku Scientific with an immediate cash deposit of $1 million, and was required to pay an additional cash deposit of $9 million on or before December 28, 2007, as a prepayment for future product deliveries. In addition, Solarfun is required to pay Hoku Scientific an additional $45 million, as a prepayment for future product deliveries, in increments of $20 million, $20 million, and $5 million on or before September 30, 2008, March 31, 2009, and March 31, 2010, respectively. As security for Solarfun's $45 million prepayment obligation, Solarfun is required to deliver to Hoku Scientific a $45 million stand-by letter of credit, or deposit the $45 million into an escrow account, on or before January 10, 2008.
On January 7, 2008, Hoku Scientific and Solarfun entered into an amended and restated Supply Agreement, or the Amended Supply Agreement, to allow Solarfun until February 15, 2008 to process the required statutory approval for the issuance of a $44 million standby letter of credit. In exchange for the extension of time, Solarfun has provided Hoku with a $1 million prepayment, in addition to the $10 million cash payment that was made in December 2007. The additional $1 million payment reduces Solarfun's future $45 million prepayment obligation to $44 million, but increases amounts that have been paid to Hoku Scientific to a total of $11 million since the contract was signed in November 2007. Under the Amended Supply Agreement, Solarfun is required to pay Hoku Scientific the additional $44 million, as a prepayment for future product deliveries, in increments of $19 million, $20 million, and $5 million on or before September 30, 2008, March 31, 2009, and March 31, 2010, respectively.
Under the Amended Supply Agreement, if Solarfun does not deliver the $44 million stand-by letter of credit or deposit the $44 million into an escrow account, then Hoku Scientific may immediately terminate the agreement and retain the $11 million initial cash deposit as liquidated damages.
The Amended Supply Agreement will be filed with Hoku Scientific's Quarterly Report on Form 10-Q for the fiscal quarter ending December 31, 2007.