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Thread: Market Watch 2/8/2010-2/21/2010

  1. #111
    bassmaster is offline
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    dont see much value in trading today. im still scanning for and i cant find anything. i think i may take the day off and just go back to bed.

  2. #112
    just sirius is online now
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    Joined: Dec 2008 Location: San Antonio Posts: 1,177
    Candle

    Still looking for that loan my man...S and JBLU falling right into your wheelhouse again.

    Made a nice and tidy 450 on OCNF again today!

    SIRI closed ah @ 1.12 Vol 5.4M shares! Tomorrow could get interesting!

    JS
    PURCHASED THE CABIN IN THE WOODS...THANKS MEL, MALONE, AND THE BLUE DOG

  3. #113
    Los Tiburones is offline
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    Quote Originally Posted by GoHerdGreg View Post
    Andy--
    If found VCTY on the Penny Stock Guru's Blog (Google it), same with CCTC.
    Cliff's Notes Version:
    1. VCTY is hot because certain MMs are caught in a short squeeze. There are only 130 million authorized shares. More than that have been sold recently. Phantom shares.
    2. CCTC is a stock that has fallen from $4.00 down to $.19 today. Apparently, preffered shares became available to sell (to company execs) for a 45-day period that ends March 31, 2010. Which means once that day passes, it should move right back up to where it was based on revenues, earnings, etc.
    Hey Greg,

    VCTY ... That was brutal today ... pass the Pepto Bismal ...

    Jumped into both of these today and avg. down on VCTY, am just hoping to get out alive at this point ...

  4. #114
    just sirius is online now
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    LT

    Sorry man...just found out that you got cut by the Chargers...uuhhh...not you...sorry...my mistake!

    Anyone still holding the sponge...Pike Capital has acquired 24.3% of common stock. Stock seems alot more active these days. Still trading @.03-.04 but 15M shared traded today!

    JS
    PURCHASED THE CABIN IN THE WOODS...THANKS MEL, MALONE, AND THE BLUE DOG

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  6. #116
    Los Tiburones is offline
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    Quote Originally Posted by just sirius View Post
    LT

    Sorry man...just found out that you got cut by the Chargers...uuhhh...not you...sorry...my mistake!

    Anyone still holding the sponge...Pike Capital has acquired 24.3% of common stock. Stock seems alot more active these days. Still trading @.03-.04 but 15M shared traded today!

    JS
    What? They cut LT? ... wow ...

  7. #117
    candleman is offline
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    Quote Originally Posted by just sirius View Post
    LT

    Sorry man...just found out that you got cut by the Chargers...uuhhh...not you...sorry...my mistake!

    Anyone still holding the sponge...Pike Capital has acquired 24.3% of common stock. Stock seems alot more active these days. Still trading @.03-.04 but 15M shared traded today!

    JS
    I've still got a tub full of the Sponge. It's a long term hold at this point. The product is everywhere. So, I hope when they get the accounting up to date, that this will rise to where it should be.

  8. #118
    Dr. Dave is offline
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    Is the earnings report for SIRI tomorrow?

    If so, here's my short term comments if things go sour, ie. if things are good, I'm not worried about it.

    Just wanted to mark some support lines that you'd want to see held - and luckily, it was pretty easy.

    The first level is 1.00. Supports are:
    1) Psychological round number @ 1.00
    2) Recent 50% Fib retractment @ 1.00
    3) 13 ema (which is the preferred TA guys short term ma) @ exactly 1.00
    4) 10 sma, (used more by fundamental guys incorporating TA) @ 1.02
    So together we have 3 supports @ 1.00 + another @ 1.02, which is close enough, if you take the average, it's 1.005.

    The second level is 0.95. Supports are:
    1) Psychological round number - ie. multiple of 0.05, and also that level where folks that missed getting in under $1, will likely buy @ 0.95
    2) Longer term 61.8% Fib retractment @ 0.95
    3) Recent 38.2% Fib retractment @ 0.96
    4) 21 ema (again, more preferred by TA guys) @ 0.94
    5) 20 sma (more fundamental) @ 0.93
    Take that average, you get about 0.946, so 0.95

    I'd say looking at the averages though, a close slightly above $1, you would expect a bounce to likely hold, below 0.95, you'd expect further tankage. In between, maybe a bouncing until a direction is established.

    That's just this chart. Pattern wise, we have a flag if you include yesterday's tail, a pennant if not. You can refer to Bass's chart. We have a catalyst coming. That said, with these types of patterns, you'd expect a decent move up or down. I may look at some other charts, and add to this, but just in case, wanted to throw it out there. In my case, I've used proper money management, and have used TA to trade this dog, so I'm way ahead, so I don't have any worries either way. I'd say the upward move would be a little more healthy to have a pullback to $1. Regardless of the overall EW, which I feel for individual stocks is a little nutty, if we just start over at the long 5 month push to get above the last resistance I used to yip about at 0.70, you can see for a small move, we have had a mini 1,2,3,4,5 up... though one could argue that the 1 could also be placed at the 3 here, as there is a fractal 1,2,3,4,5 within that... so I take that of course with a grain of salt... always seems EW stuff is easier in hindsight.

    I see in afterhours trading the bid is sitting at my 1.08 level again, lol.

    Positions: Change so often, it's no longer useful to update this...

  9. #119
    Dr. Dave is offline
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    Missed one - right below the "3", there is a candle that looks like it's high is 0.95, so that's another addition to the 0.95 list. Candles like that are significant, a lot of buyers use marks like that to go long, i.e on the 16th, I wouldn't have entered unless the price was higher than that candle.

    So mark price resistance of about 0.95 onto that list.
    Positions: Change so often, it's no longer useful to update this...

  10. #120
    Dr. Dave is offline
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    If we ABC down, a likely scenario could be A=1.00 B=1.08 C=0.95, then we go up again.

    But let's hope for the up scenario, where it just goes up.
    Positions: Change so often, it's no longer useful to update this...

  11. Ad Fairy Senior Member
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