Here is my current chart of ONVO for those still interested an in like me.
Up on low volume and bouncing off of downtrend line. If it can hold it's gains into the close above 4.20 ish it may continue higher to test the middle BB or the upper downtrending trend line. I will wait to see the close and then sell some tomorrow a bit higher if it can hold into close. Ultimately I think it wants to test the 50 at or around the double bottom of 3.80.......JMHNO
ONVO.jpg
Nice chart and pretty sound analysis IMO, Denco. Isn't it amusing that after the past couple of "squeeze plays" by the BBs, this time the emphasis was to drive us lower? I'm trying to get out with all of my overcore at a decent profit. I quit thinking about 3.20 as an exit and now have moved to 3.09 and 3.10 with multiple blocks. Frankly, the way this thing is drifting, I have a feeling I'll be chasing it down further............but I'll be out before the 2.92 (I hope).
Thanks Denco. Sold 1/3 of my ONVO at 4.40 last week. want to sell another 1/3 this week, looking for a good out too.
SIRI?? I don't know what to do. Prob gonna hold for a bit, I guess sideways is better than down. Hoping for a catalyst at some point
I should have done the same last week on ONVO but got caught with an Etrade issue that kept me from making some moves last Wednesday. On SIRI i am also Looking to lighten up into strength but we are not seeing much of it unfortunately. This market is becoming more risky by the day it seems. I sold most of my FSLR at 33.80 on Friday just to be safe. Broke a trendline and looks like it wants to test lower. Should have been out at the top of my uptrend line earlier last week.....
FSLR.jpg
Denco, I couldn't agree more about how uncertain and shaky this market has become. I hesitated on FSLR, now hoping to get out above 33 if possible, and will look for an attractive reentry down the road. Ragarding SIRI, at first I was going to apologize for my rusty P&F skills; now it appears my "line-drawing talent" needs some help. Nonetheless, in the following closing chart it is all to obvious to see the lower tops and much lower, and sagging bottoms. However, if I remember my P&F learnings, it seems to me that a close at 3.08 or above would represent a 3-point reversal, and thus we would begin a new row of X-es. I think I am correct by that statement. Even if that should happen, I'm still not comfy staying in with my over core.
PS. As indicated last week, I got totally out of my Pink and OTC stuff (ONVO and PHOT), and have oped for NKTR which is much more stable and trades on NASDAQ. Also opted for DDD in place of ONVO.
I got stopped out (trailing stop) of FSLR at 33.02 for a 14% gainer in less than three weeks. Guess I won't complain, and will be watching for that next juicy entry point.
http://siriusbuzz.com/forum/showthre...ll=1#post78842
and...
http://siriusbuzz.com/forum/showthre...ll=1#post79049
Originally Posted by denco1
SIRI dropped down to another trend line. Oversold but may drop to lower uptrend line if Meyer doesn't show the dangling rabbit again.
If it does drop then I would think we make a run at the gap at 2.92.....
SIRI.jpg
Last edited by Hillbilly; 02-25-2013 at 05:23 PM.
Congrats on the FSLR SLY. I got out with a nice gain too. That close was UGLY! Well, there goes getting out of SIRI with a bit of strength, for today anyways. Not sure if Meyer can say anything to keep us over $3 tomorrow but I guess we will see. This market is a snake right now......need to be careful. The vix popped 30%. Looks like volatility is returning. May give us an out at higher levels short term to re assess.
Good news SIRI fans!!
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