Speaking of which - remember when I was covering the NITE chart - it did break out... shoulda sold my soul.Quote:
Originally Posted by billhart22
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Speaking of which - remember when I was covering the NITE chart - it did break out... shoulda sold my soul.Quote:
Originally Posted by billhart22
OCNF is starting to look tempting....it has a ways to go down though.
It is kind of interesting how the RSI is totally inverse to the pps. This reflects a total volume issue. OCNF is overbought at the moment (technically speaking). It is very close to a buy. If a person had more patience than I, then I would say go for it, but I would like to get it as close to 1.20 or lower that I can. I know that I will make a good profit at those levels. I have owned this stock so many times that I cannot even remember how many times. I have always made money with it. Keep an eye on it. It is a Dry Shipping Company.
I haven't looked at the financials lately, but I will. I just noticed that it is performing again like it has in the past.
http://www.coloradohandyman.com/ocnf.jpg
Let's see if sea holds... lol.. it broke out and reversed...
http://www.scripps.edu/~davess/siri14/SEA.png
BDI still in channel, pierced the "price" support line, now it's retesting.
http://www.scripps.edu/~davess/siri14/BDI.png
We have to see how the reports come out on friday, then monday/tuesday market reaction.
Was scrolling thru old chart lists... here's the MGLG 15 min chart....
http://www.scripps.edu/~davess/siri14/MGLG.png
Found it, I knew I had a second ONCF chart....
Looks like money is pouring out of it, and today's low was the old support line... there are 2 underneath. Could be a double bottom play if it breaks south of the current $1.25 support line.
http://www.scripps.edu/~davess/siri14/ONCF.png
Hey Dave,Quote:
Originally Posted by Dr. Dave
Lol...It looks like new sections of Freeway. OCNF is starting to look pretty good on the month chart that I posted. I looked at the intraday a little earlier and there was a real war at the end of the day. Of course the Market dropped 207 points today, so tomorrow should be telling with OCNF. I love the boats!
Transports and Dow -
Was looking for Dow to get close to 10000 -
http://www.scripps.edu/~davess/siri14/TRAN.png
http://www.scripps.edu/~davess/siri14/DOW.png
More importantly - it's the NYSE that I watch the closest. Wasn't sure if it would scratch 7000.. I think I've posted this chart before... anyway, here it is again. Need to email my futures trading buddy, see what he thinks...
Here's also some indicator charts - they are rolling over. Again, you can't call a top, but need to be prepared... I still have PACR and SIRI, and they are listed. May take my profit in PACR tomorrow or monday, see how things go, might set a stop tonight, can always buy it back.
http://www.scripps.edu/~davess/siri14/NYA.png
http://www.scripps.edu/~davess/siri14/NYMO.png
If the VIX climbs up, maybe time to buy some puts on the companies you despise.
http://www.scripps.edu/~davess/siri14/VIX.png
Quote:
Originally Posted by Dr. Dave
Hey Dave -
Nice chart! Thanks! I will be watching it tomorrow. I wonder how far south the market is going to go. The big market...any ideas? If it is really a bubble then we could score the boats again really cheap. That would not break my heart. Any prognosis? Or even a simple-ass guess?
Yeah Bill - I scanned the boats, they are turning down... I have 20+ tickers stored at daily, weekly, monthly time frames.. I'll look at them later tonight.
Maybe time to mix it up, a little gold stock, some things for downage, look for a boat rally later, and who brought up this HLCS???? Great story on that one... perfect chart. Only fear is market turndown on that guy.
I LIKE HIS WAY OF THINKING
What...a CEO who listens and cares about his shareholders...sell...sell...sell
Quote:
Originally Posted by billhart22
Well - each of the indexes hit some nice round numbers (I think the nasdaq is the only one that's pausing in the middle) NYSE 7000, DOW 10000, TRAN 4000.Quote:
Originally Posted by billhart22
There were a slew of economic data today, and things tanked, but we also have a slew tomorrow. I think it has to be digested over the weekend, but you can see we haven't had a big down day like this since about july - but today's was on significant up volume.. also notice the overall decline in volume on that big ass NYSE chart I posted... shares aren't being traded as heavily... which kind of says all money is in... so I'm leaning on the money pouring out. But I've learned that going in early with a big hand is risky, so first I scale back out of my bullish stocks, and maybe start a put at a time on the downside. Being that OCNF is sitting on that support line already, and the TRAN, BDI, SEA much higher, if they continue to tank, my bet would be OCNF to take out that support line it's sitting on, and head down again... the next to are $1 and $0.80... so anything in that range would likely be a buy, as I'm sure late money would spur some rallies. I figure the market will make some sort of decision on direction by next week... so perhaps the play would be to buy OCNF on a market rally if you can catch it near $1.25 and it doesn't go below that (at least closing wise), and if the market continues to tank, hold out for the 0.80-1.00 range. Kind of like playing the chartgame.
One more thing...they are a company with an extremely high pinksheets.com rating. Hmmmm Imagine that...a company without a caveat emptor, a stop sign or a yield sign? A company with a full transparency sign and reports to the SEC.....what kind of company could this be? lol. It has to be a scam!Quote:
Originally Posted by just sirius
Actually they look pretty good. No offense to Christians, which I am one, but how does anybody think that "doing good" games would sell? I am used to blowing up anything in front of me. The company has been in business since 2002, so they are not rookies. I am just not familiar with the Christian video game market. Does anybody have any clues?
Here is the facts from your information. If the volume was significant (large) in comparison to the rise, then there is problems. I have found when there is significant volume and stocks are like "spinning their wheels" or falling backwards, then a big dip is coming. That is how I play day stocks. This could be more than a day drop if that is the case. We will just have to keep an eye on things in the big market. I honestly don't know how this would affect the pennies market. I am sure that it has some percentage of effect, but how much? I don't know.Quote:
Originally Posted by Dr. Dave
Things are not going right with this economy and this health-care issue is going to do some damage. I don't think we can have a big power market with everything going on. Unemployment hit the fan today and other things, like Dave said are coming into play. I have a bad feeling, personally, that we have only seen the first half of this recession. This will be a double-dipper and without chocolate. It can't get better with what we are doing.
So much for my rant..I could go on for a couple of hours...easily..:rolleyes:
You like that, huh? Me too ;-)
I also am fond of the "nah, honey, I'm a bit sore...you go ahead and watch Survivor (insert any popular show)...I'm going to sit in the massage chair for a little wile and go to bed early...enjoy your show...love you" :D
I'll give you one guess as to where I am and where my wife is, at the moment...
***
Oh, I also wanted to mention that I'm not a boxing fan but I will be taping the shobox event tomorrow night!
Ramsey
Quote:
Originally Posted by imromo24
I am not familiar with the game itself but with the left behind name on it I'm sure it will be geared towards the rapture or tribulation so it could have potential. What i'm more interested in is the walmart trial and possibly buying this one just for the run until the forward split on 10-9Quote:
Originally Posted by billhart22
Matt, I am with you now. O.K., so you look around and everybody is gone. The rapture happened and you didn't get a ticket on God's ship. There is only one way for salvation and that is through tribulation. That could be really good! The Walmart trial caught my eye. There is a big Christian market that a lot of people just are not aware of. Unless you are into it, you would never know that it is around.Quote:
Originally Posted by stang3O2
The run-up to the split is interesting. Taking a look at the chart it was falling this afternoon after some good gains. What it does in the morning will dictate what to look for. I would look for a drop at first before buying. Why not? It is just as good as any other stock that I have seen lately. I will check it in the morning.
Thanks for sharing this one! ;)
Everyone go to bed?
General Motors Sales, Production Figures Released
General Motors (GM) announced its sales totals for September 2009. According to the Company, dealers in the United States delivered 156,673 vehicles in September 2009. When compared with strong sales a year ago, September’s sales were down 45 percent. GM retail sales were down 46 percent while fleet sales declined 43 percent. When comparing GM’s September total sales with a strong August, and the conclusion of the Cash for Clunkers program, volume was down 36 percent month-over-month. “September was a tough transitional month for the industry, and a difficult year-over-year comparison for GM. Fortunately, the fourth quarter looks brighter and our year-over-year comparisons should look more favorable,” said Mark LaNeve, vice president, U.S. sales. Non-core brand total sales, when compared with a year ago, showed the impact of the end of the Cash for Clunkers program and overall market demand. Pontiac sales declined 53 percent. Saturn was down 84 percent. HUMMER dropped 82 percent, and Saab declined 73 percent. GM Certified Used Vehicles, Saturn Certified Pre-Owned Vehicles, Cadillac Certified Pre-Owned Vehicles, Saab Certified Pre-Owned Vehicles, and HUMMER Certified Pre-Owned Vehicles, combined, sold 22,885 vehicles in September 2009. GM Certified Used Vehicles sold 19,877 vehicles, down 34 percent from last month. Cadillac Certified Pre-Owned Vehicles sold 1,819 vehicles, down 44 percent. Saturn Certified Pre-Owned Vehicles sold 692 vehicles, down 15 percent. Saab Certified Pre-Owned Vehicles sold 362 vehicles, down 47 percent. HUMMER Certified Pre-Owned Vehicles sold 135 vehicles, down 30 percent. In September 2009, GM North America produced 233,000 vehicles (88,000 cars and 145,000 trucks). This is down 102,000 vehicles or 30 percent compared with September 2008, when the region produced 335,000 vehicles (162,000 cars and 173,000 trucks). The GM North America third quarter production was 533,000 vehicles (207,000 cars and 326,000 trucks), which was down 42 percent compared with a year ago. GM North America built 915,000 vehicles (436,000 cars and 479,000 trucks) in the third-quarter of 2008. However, Q3 2009 production volumes have substantially increased versus Q1 and Q2 2009 production volumes of 371,000 (up 44 percent) and 395,000 (up 35 percent), respectively. The region’s 2009 fourth quarter production forecast remains at 655,000 vehicles (262,000 cars and 393,000 trucks), which is down about 20 percent compared with a year ago.
Frontier Airlines Holdings Acquisition Complete, Plan Effective
Frontier Airlines Holdings announced that Republic Airways Holdings has completed its acquisition of the Company. Upon the closing of the transaction, Frontier Airlines Holdings, Frontier Airlines and Lynx Aviation emerged from Chapter 11 protection as wholly-owned subsidiaries of Republic. Frontier’s Plan is now effective. Frontier Airlines and Lynx Aviation will continue to operate under their same names, offering the same flight schedules, customer amenities and frequent flier benefits as in the past. “This is the end of a long, difficult journey and the beginning of a new, exciting one,” said Frontier’s president and C.E.O., Sean Menke. “We are also looking forward to building on our relationships and working with both Republic and Midwest Airlines to build a strong, sustainable, competitive airline for years to come.”