deprez
60 posts
msg #28158
- Ignore deprez |
8/29/2003 11:00:29 PM
Picked these nice ones today.
IMAX $7.67
LVLT $4.66
EPRE $4.99 on 8/27 ;
Unfortunately,I sold at 5.63 and missed the 6 dollar top.
It still has some running room, but a little risky slope.
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EWZuber
1,373 posts
msg #28306
- Ignore EWZuber |
9/3/2003 4:32:52 PM
Still watching WGAT and see it formed a double bottom and bounced nicely up off of $0.44 as expected and has risen about 34% on end of day charts.
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jthehut
124 posts
msg #28311
- Ignore jthehut |
9/3/2003 8:48:12 PM
There was the HUGE pick up in volume for WGAT...can still run a bit, though it must be watched closely. Will the buyers bid it up?!? Watch tomorrow!
M
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bob79924
38 posts
msg #28318
- Ignore bob79924 |
9/4/2003 3:44:21 PM
Yes, I did get into WGAT. I'll let you know the results when I get out. I probably got in too soon and too high this time, but maybe I can time the roll better on the next cycle.
Bob W.
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EWZuber
1,373 posts
msg #28337
- Ignore EWZuber |
9/5/2003 1:34:34 AM
bob79924
Between 8/26 and 8/28 WGAT formed a double bottom on hourly charts and that is where this run started. The place to get in at was during the last hour of the session on the 28th when $0.44 was tested for the second time. Another entry was when it broke resistance at the top of the pattern at $0.49on the 29th, volume shot in and the stock took off. I always use intraday charts for my entries cause thats where the bottoming pattern is usually formed and it's often easier to see.
You will see resistance trendlines violated, then the volume on 5 minute charts usually explodes. Or cup patterns, inverted head and shoulders basically all the basing patterns that one sees on daily charts you will see on the hourly and 5 minute charts.
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EWZuber
1,373 posts
msg #28338
- Ignore EWZuber |
9/5/2003 4:24:24 AM
Picks for Friday.
--DT, my first pick for Friday. Looks very bullish. Not a big mover but just looks great closing just a tad above resistance on hourly chart. Volume too. ( from wkly/daily oversold screen )
--BFLY...kind of a financial dog but volume is coming into the stock and losses improved last qtr.
Closed the session bullish and looking for some kind of a rise in the morning.
--NUFO...This one is getting ready to move again. Notice that today it tested the 25 DMA as support and it held well. Also tested the middle of the 'W' double bottom pattern formed on 8/18 & 8/19 @ $3.97 as support and confirmed it as support. Selling volume was very light today compared to huge buying volume on Wed.
JMHO
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EWZuber
1,373 posts
msg #28364
- Ignore EWZuber |
9/6/2003 5:23:25 AM
BFLY ended the session up +17.24% ( from 'finding breakouts of 40 day high before they occur' filter ) and DT ( from wkly & dly oversold filter )ended up +0.42%. NUFO trying to find support. Bounced up off the 50 HR.MA @ $3.91 near the close. What I don't like is that daily chart stochastics are trying to cross over into distribution. Good sign that volume is decreasing.
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adrianf
49 posts
msg #28393
- Ignore adrianf |
9/7/2003 3:07:30 PM
Looking at LQMT entry between 3.30 and 3.45 for Monday.
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bob79924
38 posts
msg #28401
- Ignore bob79924 |
9/8/2003 10:33:53 AM
EWZuber:
Thanks for the ideas. I'll follow up on it.
Bob W.
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EWZuber
1,373 posts
msg #28404
- Ignore EWZuber |
9/8/2003 11:20:43 AM
NUFO jumped up off of support today at the 25 HR.MA after a couple days of low volume consolidation. Peaked this morning up about +11% or so. This was an interesting set up. Friday the stock broke a very short term trendline resistance and so I picked up a couple hundred shares. Big money attempted to shake out any weak hands by dropping the price to the 25 HR.MA. Weak hands needed to be purged so the stock could rise with as few sellers as possible at higher prices. This attempts to gets them out of the way cheap. Had to leave early Friday so put in a limit buy at $3.91, just 1C above the 25 HR.MA. It executed while I was on the road. A 1 or 2% drop this morning and I would have closed the position to conserve capitol.
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