Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Can you say JCOM Flush?? LOL
Shorting BEAS at $10.47. Target $9.90 in two days.
LOL. JCOM short is like taking candy from a baby. Maybe $39 by end of week?
I'm now looking for $38.75 on the Q's before we begin a sustained rally..
I'm playing off my gut feel and how some of the charts are setting up. JCOM weekly is pretty ugly, so I expect weakness there no matter what anyways.
I plan on entering additional longs late next week.
And now completed full short on JCOM at $42.15. eom
Shorted JCOM at $41.78. I smell a quick flush under $40 coming from this shelf its made.
I see lower lows than today in the near future before our huge run begins, and I am marking the end point on a spike low to be around $35.85 before the shakeout is done.
I think were destined to hit SMH 200MA at $36, like $35.85. Why not wipe out a bunch of stops first again...
No way in hell we are rallying from this bounce. Too much optimism again. Next week will strike some fear back during thier reload.
Let us know if your COTL hits today..Thanks!
Well...we should experience one last good shake here before a more sustained move up. Probably looking more like the 22nd, with a test beginning in early March, then off to races. That is if we still have spectators left at this time. This sure is taking a long time to develop, which is leading me to think that the up move will last further than March 2007. Maybe we get a full 2 years of snorting bull?
Im ticked too. Friggen ref calls today were absurd. Oh well....
Comparing the charts of large vs mid-size/small cap companies, I think the mid-size/small cap companies are going to outperformover the next 12-16 months.
I bought some BEAS at $10.70 this morning. Actually in the green on my first day...lol.
Great. It's good that were still on the same page then.
Yep. I'm eating crow now, as INTC is printing new lows and indicating more pain ahead. Looking ugly. I really hope were not wrong about this year, because I have bought and plan on holding during this swing down. Let's see how quickly sentiment turns bearish...
Sorry for not getting back to you before. Sounds like you like to use a variety of indicators to make your trades/calls.
I don't mean to disappoint you, but I am not from the same school. I swing trade, sometimes (close out positions in days if I don't like what I see). My parabolic call is really based on a couple things, none which you could put in you arsenal. They are:
1. I believe that we are not in a bear market and never have been. Things just got out of hand and had to correct themselves
2. The path of least resistance is up. Take out our current highs and we have nothing standing between us and 2800.
3. Tech is coming back at better valuation levels now and will be our leader up again.
4. The same indicators many traders use right now will be the one that keeps them on the sidelines when the real money is made by HOLDING quality stocks through earnings. It will be a gap-up happy time (ala BRCM) for many stocks performing well. The buy and hold mentality will gain favor again, but it wont be until Joe 6 Pack figures it out until the end of the run, precisely when institutions will be unloading again.
5. I see the consolidation in the beaten down telecom stocks - NT, LU, CSCO as an accumulation phase prior to this run up. At the end of a bull run, the telecoms will be the last gasp for stock leadership. Except for CSCO these last few weeks, where are they now? Nowhere near a top, thats for sure.
6. I work in the VOIP industry, and there is a major shift in communications right now. Tier One Telcos down to the small business owner that wants to expand thier products and services to thier customers (or even keep thier current customers) will be changing thier communication backbone infrastructure radically. And the government has to play along with these trends, as well as make FTTH possible, if our country is to stay competitive.
And my favorite....
6. Gut feel.
May I suggest that you read "The World Is Flat" by Thomas Friedman. This book provides a lot of insight and gives you a clue how these global changes are bubbling underneath the surface.
Hope that answers your question. Sorry for not providing you an "indicator" that you can use.
I still stand by my call, breaking to new highs this week but adding Monday the end of the run before minor retrenchment..
IMHO we are taking out the highs this week. So many traders have down signals flashing, its putting them on the sidelines :)
I expect a blast off now until Monday next week. The unexpected large rise...
Picked up UTSI at $7.16 eom. Haven't sold a thing today.
BRCM Up 17% after hours - WOW~
I guess this report should get the interest of many. I guess we are just gonna have to gap our way to 2800!
I'm gonna try to contain my enthusiasm here, but this last hour is shaping up nicely for our bull case..
Keeping my fingers crossed now that we get above $42 Q's by tomorrow's close. A week of chop next week, then off to the races.
I'm eying UTSI for a possible purchase on the next sign of life. I now think the 39 Q's are not going to happen, and the bullish roadmap will now quickly unfold.
However, INTC will still keep us bouncing around these levels for a week. I think in Feb it goes into high gear, precisely when everyone expects weakness to occur, especially in telecom stocks :)
Yes.
1. New CEO - Ruben Markus from ECI Telecom. Specialist in increasing sales, and did a fantastic job at ECI.
2. Preferred shares at $2.50 were issued with warrants - not excersizeable for 5 years
3. Novembers report was a breakeven report, comshowed Q over Q growth in high teens.
4. Increaed backlog is finally being generated.
Speculative, but could be a major winner if the stars align right. The whole triple play network rollout is the real thing. Look at ECIL, picked some of them up too. I'm pretty bullish for this year, 2800 and above....no kidding.
Picked up some TTIL for a speculative play (high risk/high reward)
Heh. Remember trading good ole TTIL in 2000? Something seems to be brewing there. Took a small speculative position...
I know that you have been following QCOM for a very long time. The chart looks real good. What smaller cap suppliers trade on QCOM news (ie like PMCS does to CSCO)? I would like to check them out. Thanks..
Bought ECIL and CMVT. There is nothing in thier charts to stop them from going up over 100% if the move up to 2800 materializes. I REALLY LIKE THIER CHARTS.
Wow! That statement is a little early no? Let's see the weekly stick this coming week first. We had a similar high volume selloff (not at a bottom) in the 3rd week of September 03 that brought the Q's up almost 20% the next 12 weeks (admittingly, most of the action was the last 5). The two weeks following that ugly week was printing new highs...
Ken - what did your signals look like in the last week of September 03? I see similarities here...
And just so I can get equally bashed by putting my opinion out in public on the direction of the market, I see the Q's going a little lower on Monday, but an awesome reversal happening this week, a new set of higher Q's as Alan leaves, some chop for a few weeks, then up to 48 on the Q's by mid April. At THAT point I will go short, but only for a few months.
The play will be similar to the last week of September 2003 to mid December 2003, a time when the Q's went from 34.23 to 40.50, a little less than 20% rise in about 2 1/2 months.
I will not continue to pat myself on the back constantly if what I am expecting occurs, but will make it known when I am changing course.
The weekly stick on Q's before that rise was just as ugly as ours was last week. Dejavu anyone?
Ahh. POKERSAM. Why must you always try to convince others to share your same point of view? If it's all besd on "saving us money", then why do you keep justifying how right you were on January 11th. If your right, congrats. But if this is no C wave, and is just the prelude to higher highs in the next few weeks, what will you say? Sometimes its better to state your viewpoint once and let the market do the talking. Good luck to ya....
Slaughtered. Nahhh..
SEATTLE going to the Super Bowl? Am I dreaming? Been living here over 20 years. We're not suppose to do that are we?
Its always that way before a sustained move up. Support breaks for a couple days, and then the bull comes back.
The charts are getting prime for a parabolic move up over the next several months. You very well may be right. Let's see what the Put/Call comes in at today..
Im rooting for ya wahz. This is critical right here. Turnaround after lunch or Monday morning is necessary, and it needs to be on large volume...