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Bought some at 4.40 today. I like the decline on low volumn. We are due for a big price move.
This is from Harry Boxer yesterday. Take note: Solar 3D mentioned.
Spectacular Session for Wall Street
by Harry Boxer
Wednesday, May 27, 2015
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Apr 14: "In all the years of trades I have done on my own, or with a broker, TheTechTrader is the best thing I have ever done bar none. The new website, the charts of the day and the Saturday webinar are fantastic as all have helped me not only learn how to chart more effectively but how to understand/interpret/trade stocks with tremendous success." --Peter F.
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It was a spectacular day on Wall Street as the indices gapped up, ran sharply higher in rising channels all day, and only a last 5-10 minute pullback prevented them from closing at the highs for the day going away.
Net on the day, the Dow was up 121.45 at 18,162.99. The S&P 500 was up 19.28 at 2123.48, 3 points off the high. The Nasdaq 100 was up 73.10 at 4546.06, 5 points off the high.
Advance-declines were 22 1/2 to 8 positive on New York Stock Exchange and 19 to 8 1/2 on Nasdaq. Up/down volume was 3 to 1 positive on New York, with total volume of 3 billion shares. Nasdaq traded 1 3/4 billion shares, and had a 4 1/2 to 1 positive volume ratio.
TheTechTrader.com board was mixed but mostly higher. Priceline.com Incorporated (PCLN) was up 1.98 to 1197.76, Google Inc. (GOOG) up 7.47 to 539.79, Apple Inc. (AAPL), not far from its all-time high, up 2.43 to 132.04, Amazon.com Inc. (AMZN) 5.95 to 431.42, and Netflix, Inc. (NFLX) up a whopping 13.05 to 629.00.
Gold was firm today. Royal Gold, Inc. (RGLD) jumped 1.41 to 65.30. Facebook, Inc. (FB) was up 1.22 to 80.55, Esperion Therapeutics, Inc. (ESPR) up 2.07 to 105.82, Cyber-Ark Software Ltd. (CYBR) 1.77 to 64.27, and Splunk, Inc. (SPLK) 1.06 to 69.36.
On the downside there were only fractional losses.
TheTechTrader.com percent-gain leaderboard showed some exciting gainers today. Great Basin Scientific, Inc. (GBSN) traded as high as 4.84, closing at 3.83, up 91 cents, or 31%, on 10 million shares.
Ceres, Inc. (CERE) exploded this morning, getting all the way up to 4.04, before pulling back to 2.93, up 1.25, or 74.4%, on 15.7 million shares, 9000% more volume than average.
Hydrogenics Corporation (HYGS) bounced 2.08 to 11.10, or 23%. Broadcom Corp. (BRCM), on takeover rumors, closed up 10.09 to 57.15, or 21%, on 61 million shares. Five Prime Therapeutics, Inc. (FPRX), on a deal with Bluebird Bio, gained 2.96 to 2263, or 15%.
Among other gainers, Tiffany & Co. (TIF) was up 9.01 to 94.54, Retrophin, Inc. (RTRX) up 3.19 to 30.05, Cellectis S.A. (CLLS) up 4.54 to 40.99, Hawaiian Holdings Inc. (HA), in a rebounding airlines group, 2.03 to 25.17, Amedisys Inc. (AMED) 2.54 to 3.67, and Silicon Motion Technology Corp. (SIMO) 2.68 to 34.40.
Natural Health Trends Corp. (NHTC) stair-stepped its way higher, up 2.04 to 32.93, Jumei International Holding Limited (JMEI) rebounded, up 1.29 to 22.90, Eagle Pharmaceuticals Inc. (EGRX) climbed 3.01 to 67.72, and NXP Semiconductors NV (NXPI), in a strong semiconductor sector, jumped 3.72 to 110.71.
Solar3D, Inc. (SLTD), a current swing-trade favorite of ours, climbed 39 cents to 4.69, and MannKind Corp. (MNKD) ran 45 cents to 5.27.
Stepping back and reviewing the hourly chart patterns, the indices gapped up, ran hard in the morning, stalled midday, and then ran again in the afternoon, pretty much in rising channels to close with a spectacular session for Wall Street.
Let's see how it goes tomorrow.
Good Trading!
Harry
I'm aware of that. I own CABN as well. But they are a long way from being able to get the qty's needed for panels.
Graphene is very expensive to manufacture. Best use would be cellphones or other small devices. It costs a lot to make a few square inches of it. Solar panels require many square feet. Maybe sometime in the distant future it will be feasible.
Q2= 9.8
Best to all.
In the after hour trading, I seen a 4.40 trade a little while ago.
I just read all the posts from 5/11 and had a good laugh. Typical greed psycology. I've been holding this for months and was able to sell most at .015. Thanks everyone. I think we will have to wait for lower prices to reenter. I was golfing on 5/11 and missed my chance to sell above 2. Oh well. Best to all.
Probably not.
I agree with this. You could have a substrate configured to an optimal configuration to give the 3d effect. Using a chemical deposition on that surface could give fantastic results. It may be easier to use something different than silicon and more manufacturable.
Thank you for selling me your shares. In at 4.20.
Price is down on low volumn today. Looks like a good place to buy some. I did.
I like it.
Here in Florida, I just signed a petition to change the constitution here disallowing utility providers to punish solar providers and purchasers. The way its stated is:"Barriers include government regulation of local solar electricity suppliers' rates, service and territory and unfavorable electric rates, charges, or terms of service imposed on local solar electricity customers."
This looks like normal basing around the 4.10 area. We need a little more time to get our ascent going. Any announcement for sure will do it.
My educated guess- 7.7 million.
I think we are basing today and challenging recent low of 4.10. So I bought again at 4.22.
It looks like 4.35 is the area to get thru. If it does, that should act as support.
You are the one who disagreed with me if you recall. My point was that a 50% retracement from 5.72 to 2.46 gets it to the low 4's. Technically, that is what I expect. It may stop here or go lower than that before it consolidates and starts back up. Best to you.
So much for your $5 retrace.
This is what most stocks do when earnings come out. First up somewhat, then down, then sideways for a while. I bought some at 5.02 today and waiting to buy more at 4.10 which is the 50% retracement level. This was a very normal day and great for those trying to accumulate shares at lwr prices.
Very funny. Yea, I understood yours about as much as his. LOL
Nice.
The RSI is messed up right now due to the uplist/dilution. I wouldn't put much faith in it until it works off that period. MOO
I noticed SLTD mentioned in barrons this weekend. It was one of the charts listed with large volumn and movement.
Buffet always buys a company based on the superior management. Then he leaves them alone to run their business. It appears Nelson has the same philosophy.
The 5.20 >5.25 level is a gap fill area. Its very probable we will see this soon.
All of this giddiness is a prelude to selling. Please stop it. Lets enjoy what we have quietly.
The folks here are either giddy or in despair. If you use that sentiment, sell when giddy, buy when in despair.
I agree. Thats exactly what I'm saying.
The 25 millions made the company worth the same, like you say but it diluted the share price 40%. Simple math.
Just bought at 2.50. I think we are close to a bottom here. Will buy more at lower prices.
It looks like if 4.15 was fair value at the time of Cowan coming in, then 40% dilution would put it at 2.49 to fairly value it today.
To those following charts, of the last 14 trading days, 13 days had black candles which means the closing price was lower than the open. That can't last forever but talk about bearish, WOW!!!!
You got that right. It pains me to see so many overextended here.
Naked short sellers can sell without outstanding shares out there. This is what they do. They can take a perfectly good company and drive it into the ground with this activity. I don't know who the dumbs&*!t was that said there was no way this could happen with a reverse split. So much for that.
Welcome to the world of reverse splits and naked short selling. This could get real bad.
Lookout naked shorts. You are about to get what you have coming.
I hope I do as well. Seeing as I still hold quite a few shares. I am willing to reenter even at higher prices. Its the downside thats the unknown and thats what I'm trying to manage. Everyone has to manage how much loss they can handle and thats what I'm doing. Thanks for the comment. I'm glad someone gets me.
Experience my friend. Experience. Its all about managing your account.
Personally, I was happy with the 26:1 split. I know some were touting 40:1 which would have gotten our float to less than 10000 shares. Talk about volatility, that would have been something. I know this thing will turn around but may go lower before it does. I sold 2/3 of my position today and held my core position which I will never sell. I'm looking for a spike up by using a trailing buy stop limit to buy some back slightly above where I sold. Will buy more at 2.50 and more if it goes lower than that. Just throwing out my thoughts to help out if you want it. Been thru this before.