Lyehopper's Roundup....

[Lyehopper]

Lye,
Do you still have ACTU ? There appears to be life left in the old girl after all.

------------billyjoe

Yes I do own it (3k shares) but not in my trading account, I'm holding it longer term and it's also on a secondary watch list.... so I hadn't even seen the pop this morning BillyJoe.LOL! Thanks for the post.

EDIT: BillyJoe.... upon further investigation I have determined that ACTU's chart kinda sucks right now. It looks like it could slide further, maybe as low as $2.... I do like the company but it's probably a good day to exit my position.

OPINIONS on ACTU WELCOME....

[New-born baby]

Yes I do own it (3k shares) but not in my trading account, I'm holding it longer term and it's also on a secondary watch list.... so I hadn't even seen the pop this morning BillyJoe.LOL! Thanks for the post.

EDIT: BillyJoe.... upon further investigation I have determined that ACTU's chart kinda sucks right now. It looks like it could slide further, maybe as low as $2.... I do like the company but it's probably a good day to exit my position.

OPINIONS on ACTU WELCOME....

Do you have a 10% gain right now? Better take it, imho. Still a bearish chart.

[Lyehopper]

Do you have a 10% gain right now? Better take it, imho. Still a bearish chart.

NBB, In real life I'm actually down.... I have a sell order in now. Thanks!

[New-born baby]

NBB, In real life I'm actually down.... I have a sell order in now. Thanks!

Here's the chart. PnF still likes it at $2.25 per, and it ran into resistance today.

[billyjoe]

Lye,
I'm also down on ACTU. Today they announced earnings increase , analyst rating at 5 stars , and big deal with Florida Dept. of Juvenile Justice. All this good news probably will lead to a collapse tomorrow ala NTRI.

------------billyjoe

[Lyehopper]

Lye,
I'm also down on ACTU. Today they announced earnings increase , analyst rating at 5 stars , and big deal with Florida Dept. of Juvenile Justice. All this good news probably will lead to a collapse tomorrow ala NTRI.

------------billyjoe

Yep, probably will do just that.... I'm out dude. Chart really sucks imo and I can't ignore it. Thanks BillyJoe for bringing the pop to my attention today, I didn't even know they were reporting, duh!

I'll be looking for a better entry later on.

[Lyehopper]

Sold ACTU (Featured Pick # @ $3.90 today for a loss....

I have been buying this stock (ACTU) for while. I just added shares @ $4.35 so I'll make it a featured pick here.

I sold ACTU into strength today @ $3.90.

I took a 10.34% loss on the trade because I do not like the chart and I think it will slide lower. HOWEVER, I still like the stock and will be stalking a lower entry for a future trade.

[billyjoe]

Lye and New-born ,
I sold ACTU today for a loss at .02 less than Lye. You guys are right too often to take a chance holding this one. Just so you don't get big heads , I've seen you make mistakes once or twice , but those are in the minority. Thanks guys.

-----------billyjoe

[billyjoe]

I sold ACTU into strength today @ $3.90.

I took a 10.34% loss on the trade because I do not like the chart and I think it will slide lower. HOWEVER, I still like the stock and will be stalking a lower entry for a future trade.

Lye,
I'm not sure of the lingo. If you covered a short as it tanked would you be selling into weakness ?

-----------billyjoe

[Rob]

Lye,
I'm not sure of the lingo. If you covered a short as it tanked would you be selling into weakness ?

-----------billyjoe

Billy, if I may interject, I think Lye's talking about relative strength in a much shorter time frame. For instance, look at this 10-day chart on ACTU:

And, BTW, I don't think he said he shorted it.

[Lyehopper]

How a short trade works....

Lye,
I'm not sure of the lingo. If you covered a short as it tanked would you be selling into weakness ?

-----------billyjoe

BillyJoe, To "cover" a short transaction is to actually BUY it, not sell it....

A short trade is first sold.... then secondly it is bought (at the end of the trade) thus the term "Buy to Cover"....

So here's your question: If you covered a short trade as the stock tanked would you be selling into weakness?....

ANSWER:NO.... You would be be Buying into weakness to cover a trade previously sold into strength.

[Lyehopper]

Short trade simplified....

Hypothetically.... Let's say you wanted to short sell some cattle....

There are cattle producers who always have cattle in inventory regardless of the current live beef prices. Just as there are brokerage houses that own shares of many different securities (stocks) regardless of the current stock prices.

Now you (the cattle speculator) have a truck and a stock trailer. You own no farm land, not one acre!.... you own no cattle herd NOTHING! Just a truck and a trailer.

You call me because you know I always have cattle on my farm (regardless of current market prices) and you make me a proposal.

Proposal:

(1) To borrow ten (10) 500 pound black A-1 Angus steers from me for an undisclosed period of time.

(2) To pay me back with identical steers at some future date.

(3) You then propose to compensate me for the (amount of) time you've borrowed this cattle by paying me interest (at current rates) on the (current) value of the 5,000 (total) pounds of live cattle you are borrowing.

The Short Trade:

Now you load up the ten steers and you promptly truck them to the nearest livestock market and sell them on the open market at the current price of $1.50 per pound. You take the money and go home and drink a shot of "The GoJi" and hope that live cattle prices soon fall.

It's five weeks later and a news article hits the wire that Mad Cow Disease has been discovered on a dozen farms in the Mid West and Live Cattle prices plummet!....

You Drink a shot of "The GoJi" and hook up your stock trailer to your F-350 Ford and head out to the Livestock Market to buy back the ten 500 pound A-1 Angus Steers you own me. You buy them for $0.50 cents per pound! YEEEHAWWWW!!!!

Then you truck them out to Lyehopper Hollow Farm and unload them.... You then shake my hand, drink a shot of "The GoJi" with me, talk about the weather and leave with a smile on your face! AND you go back home with $5,000.00 profit in your wallet (minus the interest paid out)....

And then you stalk the next "deal"....jejeje

[billyjoe]

Lye,
I buy back the #1 Angus steers for 50cents per pound , load up the f-350 and head to lyehopper hollow when I hear on the radio that there's a quarantine on all steers and they must be destroyed and switched for Chinese geese. I deliver the 5000 lbs. of geese to Lyehopper as the govt. has decreed . He hits me in the head with a 5 gallon jug of the goji , grinds me up for goose food after getting my user name and password so it appears as though I'm still posting on the Mr.Market website. The geese become Grand Champions of the Virginia State Fair and Lyehopper becomes the first U.S. Goose Baron. The world flocks to the hollow for advice on the stock market and how to cook a goose.
---------billyjoe

[Lyehopper]

Lye,
I buy back the #1 Angus steers for 50cents per pound , load up the f-350 and head to lyehopper hollow when I hear on the radio that there's a quarantine on all steers and they must be destroyed and switched for Chinese geese. I deliver the 5000 lbs. of geese to Lyehopper as the govt. has decreed . He hits me in the head with a 5 gallon jug of the goji , grinds me up for goose food after getting my user name and password so it appears as though I'm still posting on the Mr.Market website. The geese become Grand Champions of the Virginia State Fair and Lyehopper becomes the first U.S. Goose Baron. The world flocks to the hollow for advice on the stock market and how to cook a goose.
---------billyjoe

Then I sell your identity to Websman.... Then the "new" BillyJoe Modifies your trailer for hauling geese and promptly borrows 5,000 pounds of Chinese Geese from me as the goose market tops out and he short sells them in a Chinese food market.... Then the next week the Avian Bird Flu hits NewYork and the whole process starts all over again.... hmmmmm, I think we should stick with short selling stocks. .... I Wonder if Goats are safe?

[Lyehopper]

Lyehopper is Bullish on LMIA....

The company.... I like LMIA and I've traded it profitably in the past. They are a great little Micro Cap that's about to be classified as a Small Cap any day.... The company is basically a CNC machining job shop with a plating operation. LMIA is well run and has "it's eye on" growth.... Boeing (BA) directly and through a major subcontractor has loaded them down with backlog on commercial airliner parts and component kits and subassemblies.

http://www.lmiaerospace.com/News/ExtensionSpirit04252006.pdf


Earnings are up year over year and quarter over quarter and should continue to increase as the company expands.

The chart.... current stock price is ~$22.90.... I wanted to see LMIA sell off and fill the gap @ $13.62 but it doesn't look as if that will happen. These lower gaps @ $13.62 and $7.28 will most likely be target'd at some future date when there is a huge downturn in the industry.... Perhaps years from now.... So don't forget they exist.

Right now however, there is a mighty fine ten week "cup base" formed with the right side surpassing the left just this morning as it peaked @ $23.00.... I look for some lower volume selling in the next couple of weeks and a handle to form. The next news flash that hits the wire will send LMIA into a high volume breakout from this base imo. Keep your eyes on LMIA and look to grab any sold off shares. My buy target is $21.