The last commodities list worked well for several of the names such as X, NOV, and the 1234 on SOL. Most did not reach the prime low risk spots I mentioned but most still offered a good spot to start picking up shares. I've taken gains as a lot of the stocks are losing steam as volume dries up. PCU is one in which I have maintained a decent size position in as it saw massive volume as copper prices continue to strengthen. I also initiated a position in TGB another copper play through 1.33. That one will be one to keep on the radar as well. GNA is a steel play that has seemed to bottom in a similar way to TCK a few weeks ago. I will be looking for a dip to pick up shares there. More later...
JAX
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12 comments:
Took X somewhere like monday or last week on training site and look like its up 26%^^ What would you do at this point ?
Taking a look at the list from shark and will post the stock where Il keep an eye on.
I would hold it and move up your stop to just under 50 dma around $24.25 if you got the entry I posted around $20. Risking $1.5 or so of your gains but no major resistance until $30ish so I think with it is worth it when you are getting basically 4/1 on your money with the stop in place. It also closed above intermediate resistance so with a cooperative market I think it sees $30.
Today I discovered the Option meaning..
What is your point about the using option ?
Btw , will you be on skype this week-end ?
Sorry, been super busy over the weekend but hoping to get a post out earlier in the morning.
By the way Squishee, ANV would be my number one gold play for the week should the sector see interest. Nice pullback setting up a poss. 1234.
for ANV, I would buy around 6,00-6,10 but wont you be worried abour the probability of resistance at 6,40 ?
Would you set up a partial sell at this point and if its doesnt cross the resistance line, sell the rest ?
Agree for the 1234 pattern, did the hammer is also part of your analysis ?
On radar this week (still with fake money, opening an acount isnt that fast)
PVH
OZM
BBY
OVTI
SYNA
EAT
DTSI
TRW
CKSW
CHIC
Forgot to ask, with the trade fee , what would be the minimum needed in an account to start trading ?
Remember im not a super rich guy^^
Also any advices related to manage my capital while starting are welcome
in : at
KIRK - 5.34
RIMM - 61.5
TSL - 11.95
Yesterday I have sold 50% of my X,
with the action droping down under the 50dma, is it a short for the rest of the action ?
Also had WFR from your picks, with this patter, is it a total short atm or I can wait to see if it get some support ? (volume isnt big in the selling)
Also from yesterday, I have took :
RIMM
CHIC
N
TSL
All those 4 seemed to have good pattern but today isnt a great day BUT, I assume there is accumulation on those because the volume of today's trade are not that huge.
Do you have time to tell me an advice on what I should do at this point and why ?
Thank Mr Jax
Squishee,
That is why I try to post a chart of the S&P every few days. What you draw from these charts should help form your market opinion and how frequently you are trading. No I wouldn't short X, two days of light volume fades, not a whole lot of selling, more a lack of dip buyers stepping in. You had big gains and you tried to let them run but eventually you have to lock them in. I would just keep it on the radar and watch for dip buyers to come back into the market.
N and TSL are holding up fine right now. The others look over extended and I would have waited for a pullback before buying those charts. Where did you buy them, what were your stops, and what were your targets for them?
Sorry to be so annoying
What im supposed to do with the S&P graph ? I mean what does it mean, what I should know from it and does it have an influence of the stock im stading ?
So was the short of half my share in X was fine ? I will let the other half run and take a look on it as its near the 50dma line.
What is exactly dip buyers ? Is it those who buy when the action is weak ? weak is price or in volume ? both ?
RIMM -
Entry point 61,5
Stop at 58,6
Take partial gain at 67 and wait if it break up the next resistance line
Lastly good volume that why I went in and its was breaking the resistance on 60,60 so I think it could go further ..
Is it a bad idea to chase those gaper ? Also should I be concerned about a possible resistance around 67 ?
Kirk - Was in at 5,34 but with a big volume with sellers , I already sold all at 4,86
Partial sell or add to my position when it diggest the gain later or start to go down on big volume
How should I do my plan to take partial profit on action what doesnt have a long history like this one ?
N - In at 12,96
Stop at 11,40
Take partial sell on next resistance at 15,20 or if support doesnt hold at my entry point
TSL - In at 11.97
Stop at 10.4
Take partial sell on next resistance around 23,0 and see if it break this level
So far my plan are :
X - Wait to see if its hold
WFR - Probably sell for breakeven, not enough support on volume and its seem a little bit volatile.
RIMM, TSL , X , CHIC, keeping an eye on it and setting my stop loss if it reach this barrier.
Longest post ever.
Squishee, we will have to get a session to explain all that but just start by reading the comments I post on the charts.
SHORT X????
dip buyers - people who buy dips in stocks. Primarily price action but better if both. Obviously they dont just buy a dip in volume.
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