time to do a signature chop
SIRIUS XM SATELLITE RADIO FORUM
time to do a signature chop
So far, this has been the kiss of death... but who knows, this time it's numero uno - maybe a good sign, lol.
I've drank a lot of cokes as you can tell...
Good evening Dr.Dave,and all behl holders ..
you read the i spoke behl board you can see an event in the making we have the holders of a total of 135mil shrs putting them up for sale tomarrow at 1.00 or more trying to experiment with the mm's should be fun...
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So - just showing what I see, not making recommendations, just pointing out what other TA guys may be playing.... this is from the list of tickers, if a stock isn't included, its cause I don't see anything to report on.
FCEL - the market may turn, and this guy was in an uptrend channel, but its having a hard time holding up there - it has negative divergence using assorted indictors. TA guys would likely go short if it closes below the blue line - always expect a retest though, whether it breaks north or south. Also head fakes.. this may be the only rec I give, if you have some profits, consider taking them if it closes south of the lowest blue line, particularly if you bought between the lower blue line and the black line. If you are hardcore long, use the black line as more of a guage. If it breaks north of the blue horizontal line, then you're good. I know nothing of the company, do your own DD, I'm just sayin'
A famous retired TA guy noted on his blog that he likes to sell the second day after an earnings gap up... as his statistics show, that's the best day. He'd expect the gap to be filled, particularly with a market turndown, with that in mind and the market at key levels, a trip to $28 may be in order... I think your buy is below this, so you're good for that scenario
Last edited by Dr. Dave; 08-06-2009 at 09:30 PM.
IGNT - watch the breaks on the triangle... expect a retest if it breaks north.
LUV - will it make it? candle looks reversal like, but it could form a bull flag or pennant....
MGLG - lot of us in this one, and I hold TA on these pennies as weak - but I do like to look at support and resistance.. we kind of have a trendline, and some clear support and resistance levels... the only fib that looks important is the 50%. I hope we can get a bump in price and stay above the blue line. Where's the report??? lol.
OCNF - gotta do a full ship analysis on this one... but you can see how it landed on the support line at 1.25 today... lower support is basically $1, and then about $0.75 - it's really $0.80 - but at those prices???
I'm expecting a bunch of people to come home after work and crap their pants and panic and sell tomorrow to add to the mix. But you never know if buyers will step in.
PACR is involved in shipping too - it reported on the line, but pulled back -0 it had a decent run up off the under $2 range. The price held on a fib, but that isn't saying much. I still have a lead, will likely hold. Include this stock in your boat analysis though...
SPNG - finds support and resistance at the fibs, its at the half way mark with a candle that supports indecision - we'll see how it develops.
that's it for now.
gotta juggle my stocks.
QASP valuation:
Revenues: 150M
EBITDA: 33M
Net Profit: 23M (estimated on a 30% tax rate)
OS: 206M, based on pinksheets.com
$23M/206M shares = .112 earnings per share.
i'm thinking a fast grower like this deserves at least a 15 multiple, and that gives us: $1.68 per share.
a 10 multiple is reserved for slower growing, established companies. even if we used a pe ratio of 10 that gets us to $1.12 per share.
and that's just with the 4 deals we know about. the bigger quasar gets imo, the faster they can grow their footprint. jmho
Jesus Dave Christ (i think thats his full name). I feel like we should all be PAYING you to do that!!!! You are a TA badass.
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