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FEED intraday update: Sell half into $15 stop loss and hold other half for a close above 15.02 in which then I would add the other half position back for continued support. this break is attributed to market weakness
your ascertion is not very true. What you have learned was from a book and not experience. spikes are just as important. Bottoms and tops are made this way. gl everyone.
FEED is currently at $16 pre-market from $15.26 alert. Don't wait for your deep discount prices that you all are waiting for. When they get there your usually wrong.
Heres a chart from my blog of an illustrated strategy on how to play this one. Take time to study these folks as i put hard work into my practicing methodoly.
"http://i26.tinypic.com/wce6o6.jpg"
Here's the updated chart error fix on LOCM that i promised.
"http://i30.tinypic.com/2dv0qa9.jpg"
Heres a chart illustration from my blog. Study these charts for strategy purposes and learn from experienced trading.
"http://i27.tinypic.com/2niw6eo.jpg"
P.S. I put a lot of time into my work folks, so take advantage and study these patterns
we tailed to the bottom end of the channel today. I had an indication on the chart to stay above a close of 4.43 but it was a typo error and was suppose to be 4.33. Stay with it folks!
I use two different chart service programs. One for exact trend line calculations that you guys don't see and the other for artistic demontstration. Sometimes I make mistakes when transfering the data.
nice volume buying into the close. We closed higher today which hasn't happened yet since the selloff.
We had great news yesterday that was definetely overlooked.
Here it is:
Local.com Announces Record Search Traffic, Direct Sales Force Expansion
Wednesday June 4, 7:00 am ET
IRVINE, Calif.--(BUSINESS WIRE)--Local.com Corporation (NASDAQ:LOCM - News), a leading local search site and network, today announced record search and organic traffic for May 2008, as well as a significant sales force expansion.
The Local.com site and Local Connect™ network received a total of over 16 million monthly unique visitors (MUVs) in May, up from a record total of 15 million MUVs in January, the company’s seasonally strongest month. Organic traffic also reached an all-time high, exceeding 6 million MUVs, or over 38% of the company’s total traffic for the month. This represents an increase of approximately half a million MUVs over February’s record 5.7 million MUVs.
The company also announced that it has doubled its outsourced sales force, which now exceeds one hundred personnel. The expanded sales force is selling the company’s Local Promote™ subscription advertising product.
“Our two most important initiatives this year are to increase organic traffic and grow our direct advertiser base,” said Heath Clarke, Local.com chairman and CEO. “Both of these initiatives represent high margin revenue to Local.com, and are expected to return us to profitability. We are making solid progress in each area.”
Local Connect™ is one of the largest local search syndication networks, publishing business directories on over 570 regional media sites, including newspapers, TV and radio stations, and city portals. The company recently announced a strategic partnership with MediaSpan, a leading provider of digital content management and online marketing solutions that is expected to expand Local.com’s network to approximately 2,000 sites.
Organic traffic includes all non-search engine marketing (SEM) sourced traffic. All site traffic and usage statistics are from third-party service providers engaged by the company.
About Local.com
I don't necessarily think this a great long. We almost tapped the bottom of the channel yesterday at $38.69 If there were any moment in time to get long it would of been just about then for a quick bounce. If we get a high volume bar somewhere in the middle of the range and then break the downtrends top line resistance then I would begin to scale a long position. But right now the easy money is to the short side in my opinion. Good luck!
Heres a chart from blog of LOCM. Study it guys this will help you play this strategically.
"http://i30.tinypic.com/2hqtaag.jpg"
Here's a chart from blog. Its mapped out and analyzed with a particular strategy. Study from it and learn.
"http://i26.tinypic.com/2z4mi5z.jpg"
Heres a chart from blog. This outlines how this should be played out. One of the charts is from the week of May 25th and the other is the updated from this week to scan how its panning out. Sorry, I just started posting here so I'm giving you one back dated chart. Follow me and you'll get up-to-date ones always.
P.S. I work hard on these so please study them.
"http://i25.tinypic.com/bgo0w4.jpg"
"http://i27.tinypic.com/v45bhy.jpg"
StockHighlights at blogspot. not sure if this site lets me put links but with those three words up there I'm sure you guys can figure it out.
Heres a chart of IMB from my blogspot. Strategy is mapped out.
I just started posting here so, I will give you my IMB chart from week of May 25th and the newly updated one with its follow-up
Week of May 25th
"http://i32.tinypic.com/vytaq0.jpg"
Up-Date on June 1st
"http://i26.tinypic.com/2ps3y8n.jpg"
P.S. I work really hard on these charts to help the public get a better feel for whats really happening. Use these to your advantages.
Heres a chart from blog. This outlines how this should be played out. One of the charts is from the week of May 25th and the other is the updated from this week to scan how its panning out. Sorry, I just started posting here so I'm giving you one back dated chart. Follow me and you'll get up-to-date ones always.
P.S. I work hard on these so please study them.
Week of May 25th
"http://i26.tinypic.com/aui6vc.jpg"
UP-to-DATE
"http://i30.tinypic.com/309ln5k.jpg"
Heres the UP-to-DATE chart on it as of this week and how its panning out. Sorry I just started posting here so you guys will get more real time charts just follow moi!
http://i28.tinypic.com/nz0n6u.jpg"
P.S. I work hard on these so please study them.
Here's a chart on VISA from blog on week of May 26
http://i30.tinypic.com/154buc5.jpg"