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Tpe
Jun 17, 2005 20:53:26 GMT -5
Post by Sol P on Jun 17, 2005 20:53:26 GMT -5
orignially Posted by Jerr on june 12 Sorry if I jumped the gun. But I too wanted to see if I could post a chart too. Thank You David! I followed your leed and I hope it comes out. You definitely saved me a lot of time. Now for TPE. From the weekly chart I drew a green trend line and denoted an inverse head and shoulders formation, two infact. The bigger one shows a 3.3 point difference that projects to a 7.8 level (which is very close to a firm resistance level of 8). The second shows a 1.7 difference that projects to a 5.4 level (which is also close to a strong reistance level of around 5.5). Right now I think the stock will retrace to a range of 3 to 2.3 (based of Fibanocci numbers and that little "gap" at around 2.3 (this not a true gap, but an alternate one I read about where the next day open gaps up from yesterday's close). I will admit failure if price drops in the range of 1.8 to 2 on a two day close only. There is another reason for this stock going to about 8, but it involves Elliott Wave and I might get tared and feathered, and banished from Camelot if I did. Either way, a more than 3 to 1 profit potential with a loss of only .50 per share is not bad. To those who like trend lines. Ones can wait until the green line is broken with good volume and then jump in. The profit potential would still be good.
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Tpe
Jun 17, 2005 20:54:32 GMT -5
Post by Sol P on Jun 17, 2005 20:54:32 GMT -5
Posted on jun 13
Hi Jerr, glad that imageshack helped...no need to apologize participation is a good thing glad to have you aboard.
As I mentioned before I get lost when I see to many indicators, but I will throw some numbers out there and see if I can get a chart up later.
Main downtrend from 8-4 (just as you have/green line) The best play was after the sever correction throughout most of 04 and then the consolidation that took place until feb of this. The pullback from 4 that just took place was on much lower vol which is bullish. The key resistance numbers at this point in time are 4,6, and 8.
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Tpe
Jun 17, 2005 20:55:15 GMT -5
Post by Sol P on Jun 17, 2005 20:55:15 GMT -5
posted on June 13 Hi Jerr, I see your bullish H&S bottoms on both the daily and weekly charts but I also see bearish 3 up trendlines on both charts and an RSI negative divergence which would indicate a potential near term price reversal. This, of course, assumes I am properly interperating what I learned at the seminar. Guess I would wait to see if there is a volume breakout of the neckline or a break of the trendlines.
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Aug 10, 2005 23:31:46 GMT -5
Post by Zumabillaolcom on Aug 10, 2005 23:31:46 GMT -5
Hello Sol and All Other Tacticals
I have been a subscriber for 18 months but this is my first post.
I would like to suggest that people have a look at the following biotech stocks that are either poised for explosive moves or can be purchased on current pullbacks after they broke out.
RNAI (broke out from 1.75 and exploded to 5.5, now pulling back at 3.5 with support at 2.75/2.0) also seems like an excellent company)
ELI: Coiling at 2.80 levels, could break to 5
CGTK--5 months of tight coils--once it breaks out next stop 5-6.
ACEL--tight range of 2-2.50 for 6 months -technically could go to 5 on breakout--anti-aging research
SVA--broke out from 1.50-3--now in a flag formation between 2.50-3--next stop 4.5 (sino vaccine research for epidemics)
I have several others but would like to see others' reaction to these.
Other questions...
When a stock is recommended, does any one at Tactical have positions in the stock before publication? I assume not due to entry levels normally being under the price when recommended.
What about situations such as WEL, GORX and ENY which have had strong pullbacks---should we suggest/think about reentry points (could be a new section in the report.)
Lastly, my biggest learning curve has been when to take profits. One way I have figured out not to leave excess money on the table is to use stop limits; in other words, I should have placed a stop limit on WEL and ENY rather than take profits, allowing the stock to run its course.
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Aug 12, 2005 18:22:40 GMT -5
Post by Sol P on Aug 12, 2005 18:22:40 GMT -5
Welcome aboard
Will take a look at those stocks and post some reviews over the weekend.
Almost all the time everyone at TI buys after the recommendation has been put out in the suggested ranges; if you notice we hardly ever have a gap up move after putting out a new play and thats because unlike other services that end becoming the market we do not move markets ( due to the restriction in the number of subscribers). occasionally we will take the position at the same time it is put out and sometimes trying to save a penny by negotiating the price from the range that has been put out costs us a play or have to pay more for it ( so it also shows that we are human after all lol ;D)
As for taking positions in stocks that have pulled back its something to look into, however you can do what many of our subscribers do; they re take positions after selling a load if we still have the play in our portfolios. off course there is some risk associated with this but then again no risk no reward.
As for taking profits its something that no one has mastered fully or will ever master, there is always some regret when profits are taken thats why the best thing to remember is that no one ever went broke taking profits no matter how small they were and over time small profits can out gun any mega hit you might have every now and then ( because along the way you have a lost a ton of money before hitting that home run and it might not even be a home run when everything is taken into consideration it might just be a break even run)
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Aug 16, 2005 15:24:35 GMT -5
Post by zumabillaolcom on Aug 16, 2005 15:24:35 GMT -5
Sol,
Thanks for the gracious reply and great advice. I am hopeful that some day I can get into your password coded section because I have been a "chartist" for several years and look forward to trading ideas with the other Tacticals.
Will look forward to your reply on the stocks.
By the way, time to average down on ARTX? Obviously, someone is trying to smoke out the weak hands here as the company seems well positioned for the Religious Wars, or as George refers to it, The Final Days. Roll Eyes
zumabill@aol.com
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Aug 19, 2005 13:59:50 GMT -5
Post by Sol P on Aug 19, 2005 13:59:50 GMT -5
RNAI has already had a nice run up, the best time to get in is when the run is just about to begin or after a nice pull back. This stock has more then tripled from its low of 1.50. If it can pull back to the 3 dollar line and trade sideways for a bit (plus or minus 10-30 cents) then it has a chance to put in new highs. But I would add that the best time to have gotten in was when the stuck was under 2 dollars
ELI looks better on the short term if it can hold above 2.76 then things will look pretty good, a break below this and it will re test the lows at which point new long could be opened up. So if you go long now place a mental stop in the 2.76 ranges on a closing basis.
CGTK beaten to death and though it probably carries the highest risk it also offers the highest potential. By the way we have been considering this play for our Las Vegas portfolio too. An ideal place to open high risk longs would be at 2.45. the perfect situation would be for it to hit this level bounce off and then trade sideways a bit, you may not get this ideal situation. Place a mental stop at 2.28
Potential targets are 2.90-3.30. and secondary targets of 4.20 and then maybe even 6 dollars.
ACEL
The basic move has already occurred however there appears to be rather strong support in the 2 dollar ranges. If you buy here play a mental stop at 1.47. ideal place to go long would be on a test of 1.80 but it should also be able to hold this range. Ideal entry points are not always available. Targets 1st 2.90-3.15 and 2nd higher risk one of 4.50
SVA
Has already experienced a big move up however if it can pull back too the 2.16-2.25 ranges then it could be an interesting place to initiate longs . Place a mental stop at 1.54 f you are willing to take on more risk if not place it at 1.80
Targets 1st 3.18-3.30 2nd 3.80-4.20
Remember the second targets carry more risk, but then again as the saying goes no risk no reward or no pain no gain.
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Aug 22, 2005 10:06:10 GMT -5
Post by zumabillaolcom on Aug 22, 2005 10:06:10 GMT -5
Sol,
Good gracious!!
I didn't mean to put you to all the work--I was trying to share some other stocks I been following for everyone to consider--many thanks for all the time you invested and I will study your analysis carefully. Funny about CGTK. Great minds think alike?
By the way, I tried looking up TPE ( I use Ameritrade) and there are no charts for it--has the symbol changed?
One of the things I have been trying to do is what I have found other smart traders do--they cull a group of stocks in a particular industry that have a history of volatility and they simply invest/trade these moves. An example of one of TA stocks is GORX; I would also add the oil sector as I think the surprise to the public sheep is going to be that we are facing inflation worries but recession and deflation, which is why I took small profits and exited oil and any commodity driven stock (see what copper and gold did last week). I think PAL will also retest the 3.90-4.00 range.
One of my ideas for our group would be to have a core "Volatility Play" index where we take 5-10 of our stocks we have been getting in and out of and establish re-entry points. Careful analysis of Bollinger Bands and stochastics could give everyone reasonable risk/reward points. Obviously, the game here is to enter small pieces at a time.
Other thoughts---I think the plays right now are nano and bio.
I would not be surprised to see oil pull back to the 45-50 ranges and my charts see gold pulling to the 340-350 levels (maybe 320) giving us a screaming buy (I love that term). Without being overly paranoid, I think the next move in commodities early in 2006 will be geo-socio-political and not economic. I see a major recession with cycles starting to hit after the first of the year but really accelerating down hard in early spring and lasting 2-3 years with the DOW going back to the 5000-7000 levels. But we could easily top 12,000 before then on a final slaughterhouse Bull Trap
I made my move already--left the U.S. for Canada in May. By the way, you should come up here and check out Montreal--the cost of living is 30-40% less than California. And much less stressful than America. I didn't realize the level of anger, sadness and stress until I was away and had to make periodic trips back down-the feeling is palpable as soon as you hit the sirports. A feeling that everyone is psychically waiting for the other shoe to drop.
I will share with you other stocks I am following FYI later this week.
By the way, good call on INOD--but even these puppies get manipulated--the stock went to 3.63 for a nano second before going back to 2.90--I was trying to ring the register but even an Alpha Male like me can't move that fast.
Cheers,
Bill zumabill@aol.com
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Aug 22, 2005 14:22:55 GMT -5
Post by Sol P on Aug 22, 2005 14:22:55 GMT -5
These small cap stocks can move like fire, but if it moved up so fast today its probably a precursor for another move. its not guaranteed but these things usually happen twice or thrice. VASO was another mover last week it hit our exit points not sure if everyone was able to get out.
On ARTX most likely it will be time to take new positions soon; looks like someone is trying to flush all the weak and nervous nellies out.
TPE has changed to TEC
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