Growing my account one stock at a time
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Well I'll say this, I used to be alot more reckless and it cost me alot of money. I have learned to keep it simple and more conservative with lowtrade. Still have a ways to go to accumulate the money I want to. But at least now I have a better plan to help me get there. I now just chart the indicators and moving averages that I need for the short term trade. I especially like the one volume, one momo, one trend - non multicolumnerity approach he suggested to indicators. Also the entry and confirmed entry approach with support indicators.
I know it sucks playing it safe sometimes but it beats the alternative of losing money. PSPW is another one that may have some more upward steam. Just don't know how far some of these stocks will go.
Definitely interesting. They also have a forward looking event that I am sure has helped to move the stock price. Appearing at the National Restaurant Show in Chicago May 21st. through the 24th. at Mcormick Place.
Call me crazy but maybe the price pulls back to the upper channel trendline like it did before and continues upward for a few days. Who knows what info if any will be released at the show. I am watching it to.
Chart below:
JBII headed lower. I sold before the trendline break. Guessing maybe it falls to test the 20dma again. Like FCSC we have a future event here which may bring in more buying. I believe there is a shareholder conference or meeting on June 11th. or thereabouts. Problem is there is time once again for the shorts to take it lower.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62956680
I try not to follow politics to closely. The main key with market trading IMO is finding the hot sectors and playing good stocks in those sectors. Not that I always do this, but I try.
Coffee stocks have been the craze the last month, but many of these stocks shot out of the gate and then you have chasing and thats a no no usually.
Sucks that with a few I noticed, could have chased and still made money.
Yep, looks like it started to move down outside the channel today. Gold, oil, falling to the wayside. Still have biotechs this summer and late fall. An FDA date or 2 to possibly look forward to.
Yep, and we can't forget it's Friday. Looking for a nice rebound early next week.
More shorting today IMO...
Good, IMO this stock has more upswing, but I expect the candle to close within the upper bollinger band that's all. That is how I look at it technically.
Possibly for a short while but remember it's Friday so many traders will be exiting their positions.
Cool, if I have any questions I know who to ask. I do know that the stocks highs were in the 7's before.
Who is Raw, is that someone on the JBII board?
Nice backup detail to the equation. I had seen Lowtrades prior post but had not paid attention to the accumulated distribution being a part of the CMF equation.
Looks like JBII did come down to the trendline on the first chart, moving up nicely today. Will be interesting to see if it can break recent highs.
You don't see the diverging CMF being a problem with this staying in the channel, do you? It's been in the green for a long time.
If it drops Below the 3.50 tomorrow, I see it dropping down to cover the gap and possibly hit the 10dma and the ascending trend line.
Could just as easily remain above 3.5 and move back towards the 4 dollars. I think I got a good chance to buy it 10 to 15% cheaper here, but if it remains above 3.5 I may enter for a 10% trade.
Cool, who knows if my numbers are on or not. Looks like there was a breakout but it came back down today.
Three things I like!
-I am from Chicago's northern suburbs, So of course I like the fact That Renfro has such an outstanding education. I entertained an idea of an MBA before, but never would have gotten into University of Chicago.
-The chart here is set up beautifully! Nice asending triangle is in play.
-The idea of a merger into one company with that amount of oil possibly obtainable makes this company majorly undervalued.
-Oh a fourth, I was luckily to get in at a good price.
Someone had posted this before. This is the resume of Mr. Renfro, the man in charge here. Have to say I am without a doubt very impressed. University of Chicago - one of the top MBA programs in the country. Looks like Renfro has the right ethics and education to put things together here!!
This is JR's background folks...also mods it would be great to put a BIO in the IBOX of the man who is running the show.
Thanks for all you do...I know it has been crazy.
Biographical Information: James R. Renfro
Education
THE UNIVERSITY OF CHICAGO, Chicago, Illinois
03/89
MBA-Finance Specialization, Marketing Concentration. Dean's List. 3.8/4.0 GPA in Finance. Member: Finance, Investments, Oil & Energy Groups.
UNIVERSITY OF KENTUCKY, Lexington, Kentucky
06/80
BS-Chemical Engineering. President – Chemical Engr. Honor Society. Dean's List. Received award as top chemical engineering student. Elected dormitory president over 400 students. Participated in intramural basketball and tennis.
business
RENFRO ENERGY, LLC, Dallas, TX
03/02-Present
History
President and Founder. Holding company for oil and gas assets. All operations conducted by affiliated company, Petroleum Capital, L.C.
OMNI OIL & GAS, INC., Dallas, TX
06/05-03/07
Chief Executive Officer. Directed all activities of a small public oil and gas company based in Dallas with properties primarily in Texas, Oklahoma and Louisiana.
PETROLEUM CAPITAL, L.C., Dallas, TX
06/93-Present
President and Founder. Oil and gas operating company with up to 150 company owned wells located in Texas, Louisiana, and Oklahoma. Company closed 12 acquisitions in last fifteen years with institutional lenders such as Associated Energy Managers, Tenneco Ventures, Chase Bank, Capwest Resources, Inc., Sterling Bank, and Sovereign Bank.
ENCAP INVESTMENTS, INC., Dallas, TX 03/92-6/93
Vice President. Institutional fund manager with responsibility for mezzanine & subordinated debt and equity investments in energy industry. Developed relationship contacts with institutions and performed all technical analysis relating to investments.
SHELL OIL COMPANY, Houston, TX
03/91-03/92
Corporate Planning, Economic Specialist. Development of quantitative models to determine long range strategy and profitability of major competitors. Completed "Evolution of the Natural Gas Industry" study with presentation to Planning Vice President and General Manager. Developed Shell's "World Energy Outlook" with particular emphasis on Latin America.
DEAN WITTER REYNOLDS INC., New York, NY
05/89-03/91
Corporate Finance, Associate. Analyzed various transactions including valuations, M&A, and preferred stock underwritings for middle market and small capitalization companies. Responsible for all aspects of transactions including detailed financial analysis, due diligence, preparation of documents and proposals. Participated in client marketing efforts.
DOW CORNING CORPORATION, Elizabethtown, KY
07/86-06/87
Plant Supervisor. Supervised 18 employees in $50 million chemical plant. Coordinated production between manufacturing, scheduling and shipping departments. Evaluated employee performance.
EXXON COMPANY USA, Houston, TX
06/80-05/86
Reservoir & Facilities Engineering, Senior Engineer. Prepared economic evaluations on oil and gas wells with investment of $40 million. Developed bid packages and worked with outside vendors on equipment and service contracts. Designed, evaluated and supervised installation of production facilities on new oil and gas wells. Selected among 20 engineers to coordinate company's evaluation of drilling program.
I hear you. Hey what are your thoughts on JBII? I see on Epics board that you have been following it to. Wasn't ready for the news this morning, was going to take a position on Friday. Gotta hope it comes back down soon to fill the gap. Won't chase it.
Good points... Always learning something new on this board. Maybe the stock can find support along the green base line and offer an entry point for a nice gain, while forming what could be the next shoulder in a possible H&S pattern. Too early to tell though I guess...
How about the entry/exit paramaters? support paramaters? 3 month look?
Most traders on these boards are looking for short term trades - days to weeks.
Looks technically correct. A move to 1.90 - 2.00 IMO.
Nice!! Have to admit "hats off to Larry" has some competition. LOL...
Requested some Bad Company...
Avoided gold today. Manipulation is an obvious in all facets of the stock market. Look at crazy Jamba today breaking out from it's upward channel. This one has gone a long way. Would love to see it crash back down to the lower channel. Maybe that spiked candle is a telling sign for tomorrow. All that damn volume though...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62605041
Wait wrong calculation, even a double bottom would rise to a high of 2.80, if I am working it correctly.
Nice breakdown, I will be looking to enter next week. I'm guessing maybe a bounce off of the 5 Day.
I see where we went awry here. The ascending triangle looks like a much better fit. With price in an upswing for so long I should have been looking for this pattern.
I like your high - lite volume pattern tracking price in an uptrend verse downtrend.
Also, here's part of the following that you mentioned with this stock.
AEZS has alot going for it...
http://seekingalpha.com/article/254461-why-aeterna-zentaris-still-retains-200-to-300-upside-potential?source=yahoo
Lowtrade would AEZS qualify as a long term cup and handle?
Looks like the handle would be just breaking through resistance now. Have a large gap from a few years back up to the mid 2 dollar range.
http://www.finviz.com/quote.ashx?t=AEZS&ty=c&ta=0&p=w