dr dave. if you recall my chart http://www.kingofalltrades.com/forum...1088&mode=view
i called for ~.69 short term target on siri. then a little pullback. can we just bypass the pullback and go straight to my next target? or should we expect it
Printable View
dr dave. if you recall my chart http://www.kingofalltrades.com/forum...1088&mode=view
i called for ~.69 short term target on siri. then a little pullback. can we just bypass the pullback and go straight to my next target? or should we expect it
Cheers, will do. I try to focus on small-caps trading between $2.50 and $10 with strong fundamentals. NEP has been my biggest winner in the last 2 months. My average is $4.59, now around $10.85 (+136%). I work full-time so don't day trade so avoid penny/sub-penny stocks like the plague.
I closed out today... it could hit $15, but just want to book and move on at the moment. My margin account that I trade the stuff we talk about in here is actually up about 30% from about the middle of december. Just booking what I get profit wise, and cutting anything that isn't doing what it's supposed to.
Ahh.. the ships - so far perfect bounce for $BDI...
2nd day of breakouts. Saw OCNF right on the line for breaking $1. I'd actually go in on a break of $1, but I'm in 100% of what I'm allotted to trade. I do have DSX though, and it poked up pretty well today. I think I'm targeting $17, then go with ablesys like stops.
Glad ships were brought up. I think you folks in OCNF already could score...
Creepy how $BDI hit that upper target and is bouncing at the el supremo support - let's hope it still trucks, errr.. sails.
http://www.scripps.edu/~davess/siri21/BDI.png
http://www.scripps.edu/~davess/siri21/SEA.png
Here's those others...
http://www.scripps.edu/~davess/siri21/DSX.png
http://www.scripps.edu/~davess/siri21/OCNF.png
Lol, OCNF definitely will give more bang for buck.
That's the thing - both are just as likely, so you have to trade accordingly... I'll show you something later.
In the meantime - I figure enough shares (look at monthly) have churned to start allowing entry of price into the 0.70+ zone - but there will still be battles, so taking that into account and also normal pullbacks for $RUT $COMPQ, I'm a little more confident for pullback. But as I've said before, you can't predict what will happen everyday, lol.
Siri is on a tear the last couple of days. That other site is predicting a run to .85-.95. Looking at everyone's charts...Looks pretty promising! at least that is what they are telling us!
Dr Dave - what are your charts telling you about SiriusXM for the short term. I think earlier you stated a shot to .69. Well that happened today. touched it several times. Where do you think that we are heading?
It is a very sad day! SiriusXM is on a tear over last couple of days...and the Daily Siri thread has a whooping 9 posts in 2 days.
But on the bright side...We're making some money!!!!!
I have to work tomorrow....until about 7 at night....then Thursday, then Friday, then Monday...Damn! (lol) It feels so nice to be wanted once again. The economy isn't worth squat..but some people with money are realizing that the world isn't coming to an end, even if the country is, it will be rectified in 2010 (November) and then again in 2012.
I am really surprised that the market is where it is at. The market has grown too fast in my opinion, but we shall see. The job sector sucks, which means services are slow to re-gain. I am not at all convinced that things are good. I am not being negative, but realistic. I am being cautious and not casting fate to the wind. We are printing too much money and do not have the ability to print more gold. China and other bond buyers are now hesitant to buy any more of our debt. I do not see a good outcome from all of this. This is the principal reason that I am at "No Confidence" in the market now. My thoughts would be strictly short term buys and sells and don't count on anything long. "Long" is a real risk in my mind. Take the money and run. Just my own humble, dumb-ass opinion, but that is the way I will be playing everything for quite a while, unless things shift to the positive, but I doubt if they will. This recession may only get worse....Just my thoughts and possible prognosis....Pick the bastards pockets, men, and women!
Have a great trading day! :)
Bill