Tuesday, April 7, 2009

A little dip going, when will dip buyers show up?



A few pullbacks I am liking in individual names include:

GNA
PCU
NUE
SCHN
CENX
AKS
FEED
TC
UYG
SID
X
PLD
SOLR

I will be looking for further light volume weakness to get aggressive around individual support levels.

JAX

3 comments:

Squishee said...

X - Would you suggest an add point as long as it stay over the 50dma and wait while it could co around 30 and break or not the resistance level or need to wait before rebuy this point ?

PLD - Huge volume today but the share is near the 50dma and is on a good resistance level.

Would take it and watch it as it climb around 9,40

Those are in the list wich I found interessting atm, other are still on watch.

What do you think about it ?

(btw I left an answer on the other post also, if you have time for it)

Jax said...

PLD I would just watch for now. Big news out there as the company had a huge stock offering which should dilute shareholder value. At the same time the company is restructuring a lot of debt and looking to clear up the long term debt covenants of the company. I don't think there is a big edge there now.

Don't know what you mean about X, it did break under its 50 dma.

Anonymous said...

I mean I still have X share, and now its look like its have mayyybe some support at 25.

So I was asking if an add point now a this price would be a good idea or not and why.

Also was asking about selling point, there is a resistance around 30-32, so would you take some gains there if you buy at 25 ?

Or would you wait it to cross the 30 line, have some support and then buy it at 30 ?

If you want a session, come on skype, im there like most of the time