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Sorry guys, something popped up, Ill be back tommorow night.
Ummmm... chicken wings and beer...
Life doesn't get any better!
Going to get some dinner, be back in in hour or so.
For the GTE'ers here, A Chart.
SIMC...Chart looks great...but dont get greedy, a run like that usually leads to a 50% pullback. Macd is way over extended and rsi is flat and oversold. Need I say more?
Well Pilgrim in a round a bout way a Gator did get me, After all she did go to University of Florida, So that would make her a "Gator"...lol
LOL...Will, I'm waiting on that commision check!! ;-p
Hey Guys I'm here, just been extremely busy lately, Ill try to answer some post now.
JRB, you are crazy...like a FOX...
I have enjoyed reading your post tonight, humorous intelligence is refreshing.
GTE is finally starting to turn, the turn is not complete yet, there is more pain instore for the wishfull idiots, but change will come.
The bad is past, there is some light, with a BOD as impressive as this one, the future does look bright.
Hey Everyone, Im back for now, Sorry about the absence but as Mellons said I have been having one heck-uva time with my puter, finally received my new modem today.
Trying to convince your ISP that you have a bad modem is pretty much next to impossible. They wanted it to be everything else but that. Well after many conversations and phone calls they finally agreed that they should ship me a new modem at no cost. Now I am back up and seem to be working well right now, just hope it last. I have alot of catching up to do, which is going to be tough right now, but I will do my damdest to be here Sunday night after 7:00 pm eastern to answer any questions that you might have.
It's nice to be back!!
I have a couple questions about the trade everyone is talking about. I have seen the trade on a couple different sites and believe it actually did happen. My first question is: If afterhours trading ends at 8:00pm, than how did this trade take place? Being that the time stamp is 8:21 pm. The following is from Nasdaq.coms fine print: Investors may trade in the Pre-Market (8:00-9:30 a.m. ET) and the After Hours Market (4:00-8:00 p.m. ET).
Participation from Market Makers and ECNs is strictly voluntary and as a result, these sessions may
offer less liquidity and inferior prices. Stock prices may also move more quickly in this environment.
Investors who anticipate trading during these times are strongly advised to use limit orders.
Here is the link to the site, the former qoute is at the bottom of the page if you scroll down.
http://www.nasdaq.com/aspxcontent/ExtendedTradingTrades.aspx?mode=frameset&kind=&symbol=GTE&....
Question #2, Can anybody say without a doubt that it was a buy and not a sell?
I want it to be a buy personally, I do own shares, I would just like confirmation, thats all.
Sebass, on a daily chart the 200dma equals the average price over the last two hundred "days" of trading. On a weekly chart the 200 represents the average price over the last two hundred "weeks" of trading, that is why the prices are not the same.
OK... Now Im starting to blush...LOL
Thanks for the kind comments, but I'm just a guy trying to make money, no different than anyone else here.
GOOOOO MUFFIN!!! EOM
QT, I'm not sure what indicators you are using to determine over bought/ oversold conditions, but the ones I use show no where close to oversold.
Congrats QT, Just remember that was NOT a typical gap down.
For the short lovers....
Heres a sure winner, just looking at the weekly chart, brand new break of the 20 and everything is down...Have Fun!
QT, did you play the gap?
Its very unusual for a stock to gap down and recover so well in one day. Usually it takes a couple three days of downtrend b4 it pulls back up to the 5dma.
Hey Buck, Thanks for TQNT...
I just love the chart and have loved it for the last two days, I expect small pull backs, but I honestly think this is going to be a nice long term trade.
Nice Pick!
Design after reading that lil article, I think I would lean to a trend reversal instead of a bounce. I know alot of people got sucked in on this run up, just hope they have the sense to get out now.
Will I see it did gap up this am, but it is still falling in price below the open, hence the Black candle. It will be interesting to see how bhp closes today.
design, STTK...has simply run too far too fast as indicated by yesterdays close well above the 5dma, and macd was also way over extended. It basically need to bring itself back to reality. If it starts trading up tomorrow than it will probably be ok it just need to get back to the 5dma , but if it continues to drop than it could be a trend reversal.
oo_buck...TQNT...
Looks like a nice play right now, however I would like to see the weekly candle form for another day or two for confirmation. If the weekly chart holds up, than youve got a nice long term trade here. This weeks closing candle should tell it all.
Will, BTW....GTE...
Next stop will probably be $1.50 to $1.60 barring significant news of course.
Will, BHP is extremely over extended right now plus a black spinning doji and decreased cmf today, I would expect a heavy pullback tomorrow.
As for akam, I grudgingly played it on the squakbox challenge today, since it is fake money I figured what the hell. I like the charts but am a bit concerned about further pullback.
Cha-Ching...If you have actually found stocks that don't follow the 5/10/20...than they are probably channeling and not one I would want to follow, or they are so volatile that no one can predict future movement.
I have annotated your esnr chart, so look at it carefully.
Dead, LOL, Love the last line...Prison or not you've got brains... It's gettin late and I promise I will try out your scan, but it probably wont be till tomorrow. And after testing it, I will put it up on the info board.
Deadb440, you are throwing out some very nice picks, but may I suggest you also look at the 5/10/20 on the weekly chart for confirmation. That is what cause many loses, ingnoring the weekly trend.
Squakbox Challenge CNBC....
For those that don't know about this challenge. it can be very fun, and I think we have an advantage. It is important that you read the rules on trading and the "Bonus Bucks". But a Masserati is at stake!
Lets see how well we can do. And maybe help each other out also.
Here is the link, again read the rules carefully, they can be advantageous.
http://www.sbfantasyportfolio.com/index.asp#Home.asp
LOLOL.....deadb440...great pun!
And btw, the daily chart looks good.
Hey Will as for BHP, if you haven't already figured it out, which I'm sure you have, profit taking would be a good thing in the am, a pullback right now looks highly likely, I will keep watching for a lower entry point for myself. Nice one.
Deadb440....
No need to spend all that time on creating a scan. I can not take credit for the following two scans, they were created by "Rictabob" but they work exceptionally well. I will post the two links here to those post, and will also try to get them up in the info box.
Daily 5/10/20 scan, post #429:
http://www.investorshub.com/boards/read_msg.asp?message_id=9200591
Weekly 5/10/20 scan, post#445:
http://www.investorshub.com/boards/read_msg.asp?message_id=9208101
Hey Cha-Ching, welcome aboard....
When it comes to indicators, I personally prefer macd over adx, some here prefer adx over macd. Since they both are like indicators it's just a matter of personal preference and what you are more comfortable with. However on weekly charts I find macd is a very reliable indicator. We are a little different here than most boards as I like to stress the value of the weekly chart, most others only use the daily chart.
I have updated the chart you posted with the indicators I personally use, remember I like to keep it simple. Here is the link:
http://stockcharts.com/h-sc/ui?s=QOIL&id=p35231741572&def=N
Now here is the same chart, only this time it is a weekly chart:
http://stockcharts.com/h-sc/ui?s=QOIL&id=p04362870157&def=N
As for scans, If I had a scan that would predict every pop in a pps, I think I would be sipping Pina Coladas surrounded by a bunch of naked Tahitian women. But we do have some scans that make it a little easier to make safer trades. I believe it was wilsimon that has already put one up, I will try to put the scans I use up soon.
You seem to have a basic grasp of 5/10/20 already, so I think if you study the two Qoil charts that I posted with the 5/10/20 in mind, it will save me a whole helluva lot of typing!! lol. Keep comming back to this board and it will help to refine your knowledge of the 5/10/20 system, I simply can not do it in one post. Again welcome aboard and I look forward to your continued participation.
Bushwacker, excellent points. I do have a question...
The deal will not be complete for another 5 months, I know you said the price will stay at this level, but do you think it will stay at this level for 5 months, or will some sort of typical trading resume until than? Pardon my ignorance on this matter.
This is a very interesting potential short based on the strang CMF indicator. This is something that I just noticed, and would love to hear everyones input on it. A little back gound on this company first. Andrx is a pharmaceutical company that specializes in generic drugs, and is a good sized company. The 1st week of March they announced they were being bought out by another pharmaceutical. The price gapped up over $2 per share, which sounds normal, but the very interesting thing on the chart is the CMF indicator, it dropped big time, what does that mean?
Anyway I have posted all my thoughts on this weekly chart, I would love to get feed back from the board for other opinions, btw this is not a test, just trying to learn as we go.
SanDisk annotated chart....
Deadb440, Thanks for the input, info box has been updated.
I have no problem talking about shorting here, it's just nobody has really ever brought it up before. If anyone thinks that they've got a good potential short, than throw it out for conversation. 5/10/20 will work both ways.
I guess I've just always thought people that know about shorting would just do the opposite of what we talk about, but the more I think about it, it might not be a bad idea to go over charts that are potential shorts.
Yes I agree with that but it is much riskier and needs to be constantly monitored.
QT, I have no problems with shorting, As long as it's done in a downtrend. For those that have the ability and know how to short, this system obviously also works. But most people are interested in buying stocks, shorting is a bit different so I will concentrate on buying here.