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News: Yesterday my streaming news posted this on LUM:
Moody's Takes Action On Luminent Mortgage Trust 2005-1>Last update: 3/26/2008 3:57:09 PM(MORE TO FOLLOW) Dow Jones NewswiresMarch 26, 2008 15:57 ET (19:57
But I never received a follow up. did anyone get or hear the news that Moody's released?
MTTG: All time low hit this morning. If anyplace for rebound to happen it would be here IMO....time will tell.
I hear you - with a 72% drop of the climax high the .027-.037 level looked like a good place to take a piece and get upward movement off the first pullback (traditionally they tend to bounce to the 38% of the low so I'm seeing a move to at least .06. Who knows where this could go if favorable news is released as the concept is a good one considering the degree of cyber theft these days. Good luck!
I had feathered out on the last upswing at .06, .09 and .10. Just began feathering back in today.
I hate the intraday price movement of this thing...
So do I! We'll see
Interest in SLND:
I'm n ot allowed to mention the name of teh site but I noticed that SLND is listed as a breakout play on their list of picks today.
I picked some up yesterday and looking for volume confirmation before commiting more.
Earnings.com has the 10K release as a range between 3/24 to 4/3
I found this page on my favorite stock pick website (I'm not allowed to say its name anymore - but they're really good) a couple of days ago and took a piece. Grabbed some more today -the read on the company is interesting. Tomorrow is set up to be another good day IMO
While the lack of liquidity in the market with regards to buying paper has forced LUM to liquidate a portion of its finer assets to meet margin calls, looking at the company profile in which it states:
Investors should distinguish our business model from that of a subprime originator. We do not acquire subprime mortgage loans. We are not a direct originator of mortgage loans and therefore we are not subject to "early payment default" claims. We acquire mortgage loans exclusively from well-capitalized originators, who meet our standards for financial and operational quality.
Suggests the assets they still hold to be viable and the Fed buying (backing) paper could prove promising if the company meets or exceeds expected earnings - current consensus is (.11) to (.12) and a favorable expectation with regards to whethering near term concers should prove favorable....IMO.
We'll see......
The past couple of months have some of the most difficult to trade - volatility is one thing but the magnitude of these whipsaws are amazingly frustrating.
Cool! I thought it was teh end of the month...in that case 'erin go brah!
Rob69:
With the quarterly's expected at the end of the month and in the absence of news it looks to retest the low IMO. Until something more definitive I'm playing the financials with the Fed's recent move. For the pat 3 days I've been playing with FMT, TMA and LUM - made some good money. Always keeping an eye on CFUL - it's so extended below the 20MA that some sort of snap-back has to happen.
It would be great to see this stock perform the the same as TMA with the recent Fed announcement.
Relations said the following with regards to earings:
Year-end due 3/31,,1st qtr.due 5/15.
Jack Baker
Corporate Communications Director
561.630.2977
561.630.2241
An idea: Since the management of CFUL has insulted us with their silence how about we deafen them with our outrage.....everyone start making calls demanding a public response!
Unfortunately there is a gap on the 3-minute charts at .03 that has not been filled and so far (in lieu of news which this company never generates or shares with its investors) it looks to head that way and retest the recent lows......I hope not but.....
Agreed
I can't believe the irresponsibility of the board of this company to release nothing to the media on behalf of its investors as explanation to this recet plummet in the stock in lieu of $100/barrel oil.
On an intraday technical level it looks like the .06 level is the next level -IMO
I took a piece at this price level today and had a buy at .025 which I placed as a catch a falling knife play and got filled (to my surprise) a couple of days ago. Let's see if this has got legs - it would be nice to see a day in which we broke and stayed above the intraday 200MA :)
CFUL:
I don't know if it means anything but I see CFUL once again on Trading-Pennies today as p potential break out pick.
Well the all time low is at .013....but I can't make heads or tails with this one.....to blow off like it did with NO news has really got me scratching my head. Still waiting for and entry signal or something positive that reflects on the tape. I mean if you turned this thing upside down it would look like a spectacular stock!
CFUL: Of interest
I saw CFUL posted on Trading-Pennies in their breakout list for tomorrow - the site has got a real good track record for picks......tomorrow will tell.
It (CFUL) appears to have a somewhat positive "feel" tape-wise going into the close. We're pretty extended below the daily 20SMA which technically bodes well in the near term for some sort of rally - time will tell.
Who ever wrote IR congrats....I was a bit "terse" in tone as to the recent price movment in lieu of no news and sector strength and wanted answers and wasn't as successful getting a response.
Idiot:
With buying coming in at .065 and the bid rising - whoever lowered the ask to .063 you're a freaking idiot!
I hear ya! I bought in on XRGI on the pullback at .015 and am still waiting for a bump.
I didn't get hurt as I sold my position Friday, but seeing the number of shares that people held going into the close and see all that vaporize has got to hurt.
I've heard from friends that the M3 tucks into the turns with as much zeal!!!!
Thunderttt:
I can only speak for myself but over my learning curve as a trader I have become more of a scalper over the years. Cash is king and is long as I take profit I'm ahead. With the volitility in the general market recently, the only trading periods I can rely on with any degree of certainty is the open (the first hour and a half) or the the closing hour.
-afternoon dulldromes with it's widened spread, low volume and MM tests of investors will is too much for me. I'd rather play the volitility in in the morning or the positioning being taken in the afternoon going into the close and leave the other for the professionals.
Not that I won't watch the doldrums....those stocks I have speculative as breakouts that do not do so in the AM with low volitilitiy I will watch and if I see volume participation in the doldrums I will take position looking to take profit (complete or partial) at the nearest resistance in the current market until it proves otherwise.
I do this for a living
I always hear the words of William J O'Neil in my ear.....the only good stocks are those that move in the direction of the position you have taken.
We trade the pennies.....you have to take profit when it comes as these are THE most speculative position anyone could ever take........and to those who don't understand the risk we venture into on a daily basis will never understand the emotional lows and the highs we face on a daily basis.
To all who speculate as do I... I respect all of you as you and I know of the highs and lows as no other in the markets....I will never personally critisize another board member publicaly, but instead only post my comments to either inform or to help.
COPI is in my watch list for techncial and speculative interest reasons.....I hope we all profit from it in the near future!
I have always loved at those cars...do they drive as well as they look?...if so, I envy you!
Cargo:
I respect your belief in the speculation of the potential of this stock based on the company, it's product, it's press releases and with regards to it's potential in the future......
I'm a trader and only concerned on the beliefs of the masses at any point in time....to which I take positions accordingly. My only concern trading this stock or any other for that matter, is to make a profit....period.
I have no emotional investment what so ever.
On a technical bias this stock is intersting to the upside and is the ONLY reason I have this on my watch list. I do not care of the benefits of this company's products to the advancement of mankind nor do I care as to it's "potential" in the future.
The market is a reflection of capitalism at it's finest....what can you do for me now.......what's in it for me.......how soon do I get my money?
I trade for one reason , and one reason only......PROFIT.
COPI is poised to do so and that is the sole reason I have interest in it and will only be here as long as it proves to satisfy that need.
The fact that my bias happens to coincide with your beleif at this time is cool.....you seem like a cool person and I hope to revell in the profits you beleive will come to fruition.......
But as soon as this (or any other position for that fact) take from my profits.....I'm gone until such a time as any company proves profitable again.
I wish you luck and prosperity (as do I for any long or short postion) as we are all breatherin.......Capitalists at thier finest!
I hope to revell in our profits in the future......I always respect conviction in oneself.
Board members:
With regards to stocks in play....COPI is interesting. I have just became aware of this stock this morning on a recommendation of a favored site of mine Trading-Pennies for those stocks posed to breakout. Because of this I have kept this stock on my watch list and while watching have absorbed all with regards to it to help me with my decision. The fact that there is so much emotion on both sides of this technical critical period interests me and is the fodder for explosive moves (to the upside or downside) as emotion tends to follow volume. What concerns me is the degree of emotion. Not on a trading bias but more so on a human bias. People, we are taking positions in stocks, the end product of which we speculate is a healty return on our investment. There are idioms of the market that have survived, transcended throughout time as they represent a bottom line - with regards to what we do which have survived for nothing more than they reflect human emotion and behaviour and after all ...that is the market.
The market is always right
The only good stock is one that is trending in the direction of your position
Do not impose your will on the market ...as it will often impose it's will upon yor position adversely just to show you how wrong you were
The only good stock is one that makes you money...everything else should be sold immediately
Let your profits run until they do not anymore.
A stock that declines by 50% means that it will have to gain 100% in order to break even....and let's face it, how many stocks do that?
Let your profits run, sell your losses quick.
The only way to make money in the market is to limit your losses.
And my credo.......preserve profits...It is all right to be wrong and sell your position to preserve profits...as you can always buy into a position should it prove profitable.
I read what has been posted and the only thing I see is emotion......which has ABSOLUTELY NO PLACE IN TRADING THE MARKET FOR PROFIT!
Good luck to all be they long or short.....this game is a calculated risk and nothing more.
COPI:
Pure speculation - but if volume comes into COPI tomorrow to the upside I see the .082-.085 level as initial resistance.
Kermit42: Along the lines of the bullish pennant, a volume breakout of the upper resistance would suggest a re-test of the .10 price level over the the same time period the pennant was formed (which suggest the course of the next week). This would also serve as a good point to take partial profit should a favorable news event in the pre-market cause an expansion break out gap up - IMO
I like to do multiple time frame analysis with regards to technicals but keep the bells and whistles fairly simple (20/200 EMA, price, volume and patterns) and with regards to COPI the only overhead suppression is on the five year with a month period where the EMA is holding a ceiling (although the slope of it is neutral which is favorable). The recent price expansion off the cup and handle on the daily had to be digested but recently the volatility has dropped and the range and volume has stabilized. As a general rule; the duration of a breakout from a cup and handle consolidates over the same period in which it (cup and handle) formed before continuing (should it do so) which would be this week some time. The breakout was successfully re-tested without being broken which is another positive finding. The general market has moved favorably over the past three days with news of a stimulus package and Buffet willing to bid 800 million for the good paper of the morgage security companies which if it continues poses good for the general market. I am looking for something to happen before the market re-tests near term resistance (sometime this week) - All in all....COPI looks technically favorable - time will tell.
Thanks thunderttt
ACUS: I saw the trap door this morning and bought in at .55 as no negative news (that I could find) was released to justify the gap down. I wonder if this is nothing more than a sector move based on recent headlines on some of the sector/industry stocks.
Pardon my ignorance: As I stated previously my attention in COPI was based on seeing it posted on one of my favorite sites Trading-Pennies....I keep hearing about a bill speculative to be signed soon....what bill and what effect would it have on COPI?