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Jane
Thanks for the response but I was asking about PCS, not CCUR. Do you think PCS will revisit the $2.50 area?
Jane
With the PCS subscriber additions estimate cut and the downgrade, at what price would you look to double down on this one?
TIA
Boo Boo
Zeev
From Briefing:
07:52 ET Skechers USA cut to Hold from Buy at Wachovia (SKX) 15.33:
Zeev
OAKT a tad under $4.
ML
You need to read raptor's site. He is predicting a 'supercycle' bear through 2005/6! He doesn't see a return to nasdy 5000 for a couple decades.
Guess I should have looked at the latest post. Sorry Patrick and Zeev!
Zeev
With the breach of 1263 today, do you now have a short term target of sub 1200 for the comp?
TIA
Zeev
Do you have a target for MU?
TIA
OJ
For a shakeout, the stock needs to have a RS buy signal or be in a column of X's and have a positive uptrend. From what I see with todays action, the stock is now in a downtrend and it never met the RS criteria. Am I missing something here?
OJ
Read on SI yesterday that you were after NEWP. After today's action, have you changed your mind with the break of the bullish support line and the outright sell signal?
Thanks
Boo Boo
Get both of his books (Trader Secret as well as PnF Charting, 2nd Edition) They are great reads and are offered as a bundle. I've enjoyed them tremendously!
Hiya OJ.
Was wondering, OAKT gave a quadruple top buy signal today. If one were interested in this stock, should they wait for a 3 box reversal to buy or would you buy here a partial position, then fill the rest on the reversal?
OJ,
Are you sure about questions? I have plenty!
When will you cover your KLAC short and what will you base that decision on?
Looks as if it doesn't want to break that triple bottom today!
The sector looks like crap with the exception of a little momentum and the stock/sector has poor relative strength overall. Stock only has strong RS when compared to the SEMI's.
I also notice that the ten week and thirty week bp's for the sector are at 2% and that the sector BP is starting to reverse of it's low of 8, currently a little above 11 and has a ways to go in order to do a 3 box reversal at 14.
I then look at the trend chart and in 2000 it has support at 26. In 2001 it has support in the 29-32 range.
So I look at the sector and I think the risk is low and that I should start to scale in, but I look at the stock and the pattern looks good if you are a bear. Thus, my confusion on when to cover.
Appreciate the help.
Boo Boo
Hey OJ. I hear ya. I'm short as it is at the top of a column of X's. I'll stop out if 39 is hit. Other than momentum, the sector looks real bad. I would think that you would play the bearish catapult formation.
By the way, thanks for turning me onto DWA. I'm not sure you are aware that you did. Best book I ever bought. I'm reading 'Trading Tips' now.
I'll be posting to you every once in awhile. I like what you have to say and wanted to gain a better P&F understanding from you.
Take Care.
Hi OJ. I remember reading a lot from you on SI. What do you make of KLAC being in a catapult formation and the sector indicators being at low risk levels?
You forgot "Don't eat the salmon!"
Out ZRAN on violation of $14! Loss of .40!
In ZRAN at 14.34. SOX better reverse soon me hopes!!
Any stop here Zeev?
NVLS next stop at $17.5? I had to go 3 years back to even find support!
OJ, who you like in BIO land? I like PDLI and HGSI.
Zeev, any opinion on AOL here below $10? Making a strong comeback!
Lower chip demand. Estimate of 86 mln reduced to 82 mln.
Guess somebody should check out Kyocera's chart. Looks like they're selling a boatload.
My system shows 25.75 as low for day.
NVLS under 25.75
Zeev, you missed NVLS bottom by .05. I thought you had an open order in at 25.75 and I'm showing a low for the day at 25.8. Better tweak those tunips.
Hi Zeev, I don't know if you would ever follow a strategy as such, but I wanted to pass this along to you and the thread in hopes that I could get an answer to my question. Say I have a position in a stock and I think there is potential for it to fall. Say I own 50 shares of this stock at the current time. Because I fear it may drop, at a later date I buy one put contract that is months away from expiration.
Say I purchase an additional 50 shares of the stock after I purchased the put, giving me a total of 100 shares. Can I exercise the put against the 100 shares that I now own?
Thanks in advance.
Understood. IHUB has been slow lately. Take care.
Zeev, don't you normally place 'IN EDIT' in front of these? Somehow I missed this one. Thanks!
Regarding VECO:
Why a stop at 15.85? I thought you always take profits when offered?
Zeev,
Does the second 'yes' mean that you are adjusting the september/october low down to that 1150 range, but fine tuning it, depending on how the turnips perform during the remainder of the summer?
I'm really bad with Hungarian.
Zeev,
If I understand you correctly, you are adjusting this cycle call by roughly 300 naz points down, calling 1325 a possible bottom, but wading around here for the next week to a new possible low of 1290.
Are you also adjusting the September/October low to 1150/80 or are you keeping the 1450/80 forecast?
I apologize as my Hungarian needs polishing.
Much appreciated.
Zeev, still holding BEAS? If so, would you consider a double down here around 7.90? Looks like strong support area.
Also, as far as stop/loss points, would that be around 7.5 or 7 even?
Thanks in advance.