Look at the moving average for sma 10 day. As soon as a price falls below the 10 day sma, it is time to bail. If you are a long...then oh well..but check the pps with the sma 10
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Look at the moving average for sma 10 day. As soon as a price falls below the 10 day sma, it is time to bail. If you are a long...then oh well..but check the pps with the sma 10
The chart I posted above is a PERFECT example of how to handle stocks and when to take profit. SIRI today was a prime example. ;)
Thanks bill
Gotta finish some paperwork tonight!
have a great day tomorrow!
Jeff
You too my friend. Love ya like a brother! :)
It is a lot of great people that have created this and I love them all from the deepest parts of my heart!Quote:
Originally Posted by just sirius
It is a team effort, like Shots says..we are a really lucky bunch of individuals to post and help one another. No one has all the answers.
Have a great night Jeff.
I am out of here..tomorrow is another day..and I will be here.
It likely seems quiet in here, since I haven't posted 800 charts of non-penny stocks and indices... so let's start - first off - SPNG and corn..Quote:
Originally Posted by just sirius
http://www.scripps.edu/~davess/siri4/corn.png
SPNG likely has strong ties to corn, as the compound they use in the sponges are a mere flip of a substituted methyl/hydrogen at the C(4)' position of the sugar ring within cellulose... therefore, I'm looking at the Corn Dec 09 futures contract CBOT:C.Z09 - looks like it couldn't hold the 50 day moving average, so with lowering corn prices, SPNG should be able to cut their costs by about 25% by the middle of sept...
ok, I"m must be seriously tired, cause I was laughing so hard I was crying...
Hahaha - I'm sure they are blaming the MM's for conspiring against them, and how the price should have been in the upper 60's today.Quote:
Originally Posted by just sirius
you guys are too funny tonight - or I'm slap happy, lolQuote:
Originally Posted by billhart22
one last thing - serioulsy need to work ...
Ships EXM and OCNF missed the boat today on earnings. Even so, the rest of the ships held up AH, but these guys are down - so there will likely be another good chance to get in at low prices in the future.. OCNF had run up to its price resistance line - making a cup, but won't pull thru tomorrow. The $BDI was down today, and I'm looking for it to hold 3000. The rest of the market is rotating sectors - tech, one of the rallies leaders is now lagging, as materials and financials are leading... the turn on tech may have helped SIRI not pull up today.. we'll that and all the crazy SIRI folks cutting in and out on the stock on the expected run up. Related to shipping, I held PACR over its report as I had about a 30%+ gain - it hit expections exactly, gave some decent forward guidance, AH was down just a smidge, could get in likely on a little pullback, it had also pulled up to a recent price high like OCNF. The dow transports may have one more wave up before riding down, so plan accordingly.