Please do your own DD using FA +TA
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Zeev,
Another cup with handle formation. RHAT is taking over in Asia, with IBM and Sun Microsystems using them on all servers now. They don't have the security trouble Windows has.
Bill Gates..........move over <g>.
Fletch
PS What roll would WIND play in this, if any? Forgive my ignorance.
The 3 month daily...over 9 with volume = breakout of pivot. Mini cup with within the larger one.
NO....Thank YOU Bullwinkle,
I added BAY to my watch list and your others I like too and agree. CYD was just listed #1 by IBD and the chart says it's good.....Wedge! I bought at 15 and then 14 so am fully loaded VBG. Also, look at TLK very hard.
Wishing perfect entries,
Fletch
PS...Aren't bull markets FUN! In edit...sleepy time...east coast. Double edit...WHT 2.06 AH Friday <VHBG>.:)
This one has a huge market waiting for it. I only have partial position ng. Will add soon!.....try breakout (pivot point) gap but it may not fill...sorry for both of us. BTW, I love cup with handle beakouts....
Hey Bullwinkle,
You and I are in WHT from around the same spot. I bought mine in the .90's but watched it form the cup down to .70. It was only a half to 2/3 position <ng> and I've never added to it. It has grown to an over size position now though VGB. More gold I carry is HMY and GG. I recently let most of GG go, for lack of performance. I may buy it back but I like FCX more. My port was way up last year with about 50% gold plays when the yellow crashed. Some I sold while still green....others were more painful to me. Over time, I've held just about every gold-silver ticker including CDE, KGC, DROOY, BGO, PAAS, SSRI, HL, GLG, NEM and NGAS. I'm sure I'm missing one or two LOL.
I know LTBH is a bad word and I don't like the thought but some good stuff has been very kind to me over the last few years. I'm doing well in TARO, CBK, SBUX and KKD. In my Roth I've held JNJ, CAH and PFE. I mention these because they are low right now along with MRK. For whatever reason, the big drug medical stuff has been weak and fairly safe 20% plus gains maybe had here IMO. It could be the thought of healthcare reform holding them down now.
One thing for sure is the Gold and Asian bull we've been in. Congrates on you gold holdings btw.
Wishing great trades,
Fletch
Hey Bullwinkle,
If you want to know....my three favorite plays aren't exciting new technology or anything. One is MAXF that I've been holding for a long time with a target price of $20. Another is WHT which can easily double from the $2 area IMO. I bought AGM back a while ago now. AGM is nearly LTBH from where I picked it up from that long base. I've more recently entered TLK, CYD, LEXR, NTE, EZPW, FCN. When I say recently it can be a couple three months ago, to as recent as a week ago in CYD's case.
I like value buys the best and consider LEXR over valued here but it has lots of buyers stalking it being in a hot sector. Lots buying it are most likely ones that missed getting the better play SNDK much cheaper months ago. It is one that could possibly be had cheaper, if the market sells off some. NTE may also get weaker if we tank but it has better fundies.
The below PCS chart shows it was a double bottom buy at 5. I'd be selling here at 6 because it's fundies aren't real good.
I really don't know your holding time frame so it's hard to make suggestions one way or the other.
Good Luck,
Fletch
A look at AGM. Zeev calls this a 10 year play btw.
PCS recently bounced off 5 a good whole number support.
Bullwinkle,
OK, lets take them one at a time.
LSCP is building a wedge...which way will it break? It's been on a huge run with fundies improving.
CDIC must take out 5.
DFIB...All these bios are good picks...
CIPH has good volume improvement.
EGO....chart says buy me on the 20 day EMA and I'll chug on up.
I like China and or Asia and gold. If we pull back now IMHO is a shallow dip to 1700-1750. Lots of side line and bond money entering the equities right now. An Asian gold I like is FCX. If you look at CYD and NTE, both could be safely had on the 20 day. I added to CYD at 14 <g>.
I hope you find a gem this weekend!
Fletch
Hey Bullwinkle,
I just wanted to stop by and say hi. Check out TLM, FCX and RHAT. Linex is Gates biggest worry with IBM and Sun using them.
Fletch
TLK...cup with handle breakout.....fundies OK too......growth = yes!
FCX Asian copper & gold ect....
RHAT...starting to perk up! Gates puking over it LOL? Cup forming?....Sure it is...volume UP.
<<<<Anyone have an opinion on LEXR.>>>>
Yes, I have an opinion, it's a baby SNDK. I have some and want more. Zeev has started to day trade it. It's strong enough that for an entry, you may want to average in.
The chart speaks very well for it.
Fletch
Zeev,
What are your thoughts on AGM? Forming a cup now?
VBG,
Fletch
LEXR strong and WHT earnings!
What are the chances of very little market pullback? 1700 for a low, going into fall?
<<<<<<<Someone got to cover both our budget deficit and our balance of payments deficit (g).>>>>>>>
Printing presses can make lots of $.......very fast <G>.
Fletch
LEXR held up well...dump all FSTW and feel the full power of the force.......ggg.
FSTW off my screen now Zeev. ;).....Yours?
<<<<The only thing you can trust these days are charts and I am sure someone will find a way around that sooner or later...>>>>
Here are some good ones to ponder.
Fletch
I felt guilty after posting LEXR and a couple of days later...it tanked along with it's mama SNDK. It appears mended right now and is headed to.....40????<g>.
Here's another runner with a chart pattern like LEXR.
MSSN has insiders buying it up. Chart formation shows cup in the handle stage.
One I'd like to be riding and soon will be is NTE. CYD is a chinese diesel engine builder that has caught fire too.
Chinese and gold are two very hot places. CYD chart
Please do you own DD on these, before plunging in...ggg.
Hey Zeev,
*****OT*****
My filtering is off and there is a prevent messages from this poster but I'm fairly sure I never clicked on it. How would I go about removing this blockage?
BTW, I understand your not wanting too many plays to follow. I'm sure most of us could actually do better if we limited the number to 20 or so. Being as successful as you are, why add confusion?
Fletch
Hey Zeev,
I'm looking to add to LEXR. Going up and making a new high on a day like today says a lot for it. Can it be a baby SNDK?
Fletch
GO MAXF
Dan,
I just noticed a nice wedge on our friend WHT. I may add some trader shares on Monday <g>. I just hope they let me in at 1.25 or so.
Fletch
Yes,
I'm watching the thread some. Why was FSTW down .90 to 8.50 AH tonight? I did pick up a little of this a few days ago and am wondering why the big AH dump. Almost 10,000 shares traded too.
Fletch
Was looking OK till tonight.
What do you look at to determine the market Trend?
mysterh
Well, you can look at charts. He's one I find helpful. I'll post it a couple of times with and without ZigZag.
Fletch
Watch for the moving average cross over.
With ZigZag (basic).
A link to use. http://stockcharts.com/def/servlet/SC.web?c=$BPCOMPQ,uu[w,a]daclyyay[df][pc14!e20!f][vc60][iut!Ub14!...
I thought some may want to see what WHT is up to. It left a gap at 1.30, for those inclined to bid them.
Fletch
Does it show OK here on IHUB? NOPE
Hey wahz,
I should post more often but looking at charts consumes lots of time. I'm all for finding good plays. It's tough to "time" the market and also tough to know what's a good buy. I use charts for assistance along with fundamentals and insider info. I'm steering away from tech., as my top 4 holdings are MAXF, OCA, WHT and PQUE (in that order). On my to add to list is TE and AGM. I have both right now but want more.
The thrill of holding all the real flyers is gone and I'd rather buy value with upside. If they pay dividends....all the better <ggg>. I've found some value in the insider buy info BTW but I screen out most of them.
I like following this board and will try to post here more often.
Fletch
PS I hope all is going well on the home front.
A look at MAXF
Hi Zeev,
I know you don't follow most of these I post but when I see something others may like, I spread the word a little <g>. A utility I follow is TE and it's now formed a cup with handle chart pattern. It's sitting right on the pivot point now.
Fletch
Did FSTW fall enough yet?
OT....Well the rain has finally stopped so I'll have to cut this a bit short so I can toss a chugbug off my dock for a while.
The surface is like glass and we've got a half moon abeaming .....
Good luck fishing Dan,
Fletch.....green with envy LOL
<<<<<Out of curiousity, what day did gold close at 363.80, the price RP mentioned above.>>>>>
Hi Zeev,
I'm still looking at charts and I noticed that MAXF has a cup with handle. I noticed it going out to the 3 year view but it can be seen in other durations, just not easily picked up on because of the cups shape. It's another with clear air above and now has the high P/E of 10 LOL.
Fletch
Cup started in January. Can it get above 10?
Zeev,
I got that basket from YOU <VBG>. I do hold the buss but am too chicken myself to hold the real runners <g>. Unlike you, I need some escape time.
Fletch
A very nice gold play chart. No over head now, slow and steady.
Hey Zeev,
What kind of upside target do your turnips see possible?......1700-1850? Seems the bears get all lathered up on a down day (new lows a coming) and then up up we go. The 50% for no reason rally should be near a top but AGM, USPI, CAH, JNJ, COO, PII, MAXF and others just keep on going up. AGM moved today ggg.
Fletch
Remember this chart looked topped out at 60?....even at 50? What a bear relief rally we have here! I just look at the charts....most still look very good. Cups all over.
A bios with news and possible upside.
Anyone like little energy play PQUE? An insider buy on it recently http://tinyurl.com/edqk , under book and earnings headed up. I have some and may add on weakness.
Fletch
<<<<All technicals show this is still a BEAR MARKET RALLY, period and end of sentence........and we are right at KEY FAILURE POINTS.>>>>>
Hey West,
I tend to agree with you that this was a bear market rally but the meaning of a bear market has now changed in my mind. I'm of the opinion that most of the bubble has been worked off and we may be in a base building or trading range stage. Some stuff was really beaten down and still has up side. Do we retest the lows? I would like that myself but it's hard to say. Like Zeev says about 1500 "we must see how we get there".
Just looking at a three year chart of the biggest bubble, the NAZ, I think we may have seen the lows last October. At least until after the election is over with.
All IMVHO,
Fletch
PS To all fathers (of which I'm one) Happy Father's Day!
Towards the end, notice the bullish cup with handle look.
<<<<Personally, I think a well run junior like WHT and/or GSS offer a much greater bang for your buck than CEF, and imo, will prolly double or more long before CEF shows similar gains.>>>>
I tend to agree with you Dan. Especially when there is "free air" above cup with handles. Does it get any better?
Fletch
A fine energy play chart.
Fletch
If you don't like cup with handle break outs....how's this one?
Great job,
I work more then full time, so very hard for me to do that kind of thing myself.
Nice trade,
Fletch
Thanks Zeev,
I never have trouble buying it's the selling I need to work on. Another cup with chart.....please don't tell me they are going to start falling off now.
Fletch
I never liked gaps much except as a buy target.
Hey Bass Master Dan,
Not an error LOL. WHT is making a cup, so I wanted people to see it. Not a perfect cup mind you but a real good one. Now if we can get a little handle down to say .93 to .95 ooops! It may have already formed the handle huh? Of course the E up arrow on the chart made a few days ago may help a little too <VBG>.
Fletch
Hey george8,
I think OCA has more left in it yet but not a bad play on this possible blow off top. Look what's making a cup.
Fletch
<<<The lake is like glass....Wish you were here. <gg> Dan>>>
Ah yes......my favorite time for surface poppers, like Storm Chug Bugs. Appalousa Black is hot here on the finger lakes. Big smallies too.
Calls up biguns,
Fletch
PS Have good size position in WHT, GG and HMY.
Hi mlsoft,
I think you and a couple others mentioned ICN and there were other SARS plays to pick from at the time. So Thank You! I selected ICN because the chart said down side risk was minimal and they had sound fundies. What bothered me was when the large gaps appeared LOL. I sold half at 13 and it just took off another couple of points.
This isn't the only one I sold too early. ARMHY went much too soon but luckily OCA took it's place. I owe Bearmove for bringing that one to my attention. I just have to focus on the charts and not listen to the rhetoric.
Thanks again,
Fletch
A cup formation on ARMHY......I did keep a little <g>.
Slow but sure is good.
<<<< But this possibility is rapidly retreating as more and more stocks are getting into very strong individual patterns.
Zeev >>>>
Zeev,
I couldn't agree more on some of the charts being bullish. I'm always looking at charts for patterns and entries on swing plays. One I made on ICN as a SARS play, has turned out good so far but I sold half too soon. In this case, I should have looked longer term instead of my usual 3 to 6 month time frame, before selling.
Fletch
Zeev,
Have the turnips put together a road map for the rest of the year yet? I've heard that in 1932, right in the middle that great bear market, a 50% rally sprang up from the lows. Certainly some companies have beat expectations as others have fallen short but they aren't what's moving us up. The war uncertainty being removed and presidential election next year are possible reasons for the run starting and I'm sure short covering along with the fear of missing out, just adds to the momo. Buy the dip works, so why not until it stops?
I'm not a predictor at all but 50% averaged in from the October low and most recent low puts it at around 1700. A target you think sounds about right. If we do get to 1700, what lows do the turnips see as possible between now thru years end, or is the 1500 area it?
Much thanks,
Fletch
Hi Godfrey,
I was thinking more in terms of over in China, where they were trying to keep SARS a secrete and medical technology may not be as up to date.
Fletch
Yes, I've read that your lungs are permanently scarred by it. Surprisingly, it's not spreading faster in China. It seems like it's not very contagious or transmitted quickly thru populations but very tough to eradicate, once contracted. Close contact is very bad, it would seem. Strange....a different type of virus indeed! Every time they think it's under control, it rears its ugly head.
Fletch
One of the things I've noticed with SARS is the number of doctors and nurses that have contracted the virus. This means the normal medical practices of masks and hand washing aren't stopping the spread. Close contact of any kind seems like it should be avoided. Once the healthcare people learn how contagious this thing is, who will treat the infected?
Not good,
Fletch
POG + the $
Fletch
Wahz,
I've heard talk that in the middle of the great depression bear, there was a 50% rally in 1932, for no apparent reason at all. With this in mind, thats 1625 from the Oct. bottom or 1875 from the more recent low. So 1700 fits real good between those two for a no apparent reason rally. My question is, can we get there with summer coming?
Just looking at the some index charts, they look to be forming head and shoulder patterns? BTW, your indicators are working just fine, so I'll continue to listen to them.
Fletch