Lyehopper's Roundup....

[Websman]

Thanks fellas.... I agree that PARL is lookin' ready to roll. My short play is still "red" but I hope that'll soon change. Let's see how things shape up from here.

btw... I hope to add a position to the portfolio this week.... It very well may be a short play too.

Nice work! The profits are going to be huge this year. The hard part is trying to figure out what to do with all the money. jejeje

[Lyehopper]

Featured pick #7.... SIRF (short) @ $36.50

I just shorted SIRF @ $36.50.... I think it could retrace to $22.... We'll see.

[New-born baby]

Early

I just shorted SIRF @ $36.50.... I think it could retrace to $22.... We'll see.

Just looked at the chart. You are a little early--anticipating the big drop?--but I think SIRF is sick and headed south. The chart looks just like BBD: head and shoulders, and almost ready to break the neck. Now what tomorrow SIRF open $1 lower like BBD did. If neck at $36 breaks, we're look for $28. Where did you get $22?

[Lyehopper]

Just looked at the chart. You are a little early--anticipating the big drop?--but I think SIRF is sick and headed south. The chart looks just like BBD: head and shoulders, and almost ready to break the neck. Now what tomorrow SIRF open $1 lower like BBD did. If neck at $36 breaks, we're look for $28. Where did you get $22?

Here's how I got the $22 target NBB....

[Gatorman]

Just looked at the chart. You are a little early--anticipating the big drop?--but I think SIRF is sick and headed south. The chart looks just like BBD: head and shoulders, and almost ready to break the neck. Now what tomorrow SIRF open $1 lower like BBD did. If neck at $36 breaks, we're look for $28. Where did you get $22?

NBB:
Money flow looks terrible. If it breaks the 50 day at 35.60, it could certainly drop hard. Not sure it will fill that gap.
I still have trouble seeing a head and shoulders. Where do you draw the neckline?

[New-born baby]

Sirf

NBB:
Money flow looks terrible. If it breaks the 50 day at 35.60, it could certainly drop hard. Not sure it will fill that gap.
I still have trouble seeing a head and shoulders. Where do you draw the neckline?

Here's a chart.
Note there is a major formation--head and shoulders--and a minor formation (the "M"). The "M" formation gives us a short target of $33. The Head and Shoulders targets just $28. A retracement all the way down to $22 is not seen via any chart formation: weekly or daily. Lye is using the Fib--that may be right. As always, we have to wait and see.

[Gatorman]

GEHL continues to look good even though CAT did not. GEHL might end up being the best of them all.
PARL also continues to show promise.

[peanuts]

OT: goji's?

Lyehopper,

Are you familiar with Market America? I ran into a guy in the airport and his son is trying to introduce me to the system. Can you tell me anymore about it? I am only asking because of your Goji comment attached to all your messages.

Thanks

[New-born baby]

Engulfed Again!

GEHL continues to look good even though CAT did not. GEHL might end up being the best of them all.
PARL also continues to show promise.

PARL's promise may not be as promising as you might think. I took a closeup of the last couple of days of PARL's price movement, and you can see that PARL made a bearish engulfing candle. That hints at a reversal.

Bearish Engulfing Candle w/ Paris Hilton

Read this quote about how long it takes Paris Hilton to make her grand entrance . . . .

Bearish Confirmation
Bearish reversal patterns can form with one or more candlesticks; most require bearish confirmation. The actual reversal indicates that selling pressure overwhelmed buying pressure for one or more days, but it remains unclear whether or not sustained selling or lack of buyers will continue to push prices lower. Without confirmation, many of these patterns would be considered neutral and merely indicate a potential resistance level at best. Bearish confirmation means further downside follow through, such as a gap down, long black candlestick or high volume decline. Because candlestick patterns are short-term and usually effective for 1-2 weeks, bearish confirmation should come within 1-3 days.

read it for yourself here

Having said that, the Point and Figure chart has a price target of $19

[Lyehopper]

Lyehopper,

Are you familiar with Market America? I ran into a guy in the airport and his son is trying to introduce me to the system. Can you tell me anymore about it? I am only asking because of your Goji comment attached to all your messages.

Thanks

Peanuts.... I have no idea what Market America is.... and I have never actually seen nor eaten a GoJi. I did however find a place that will sell me GoJi plants if I ever want to attempt growing me some....

The "GoJi thing" is a joke left over from an old thread started by a spammer back last year. If you dig back several pages into the old threads you might find it.

[Lyehopper]

PARL's promise may not be as promising as you might think. I took a closeup of the last couple of days of PARL's price movement, and you can see that PARL made a bearish engulfing candle. That hints at a reversal.

Bearish Confirmation
Bearish reversal patterns can form with one or more candlesticks; most require bearish confirmation. The actual reversal indicates that selling pressure overwhelmed buying pressure for one or more days, but it remains unclear whether or not sustained selling or lack of buyers will continue to push prices lower. Without confirmation, many of these patterns would be considered neutral and merely indicate a potential resistance level at best. Bearish confirmation means further downside follow through, such as a gap down, long black candlestick or high volume decline. Because candlestick patterns are short-term and usually effective for 1-2 weeks, bearish confirmation should come within 1-3 days.

I'm not sure what it'll do yet either. At what point would you be bullish on PARL?

[New-born baby]

When the chart tells us to be bullish

I'm not sure what it'll do yet either. At what point would you be bullish on PARL?

Basically, when the chart says so. That is not right now. You may have noticed that the red stick Tuesday was much taller than the black volume stick Wednesday. It moved up on lower volume; it sold off on higher than avg. volume. That's bearish.

I am just saying that you would do well to protect yourself with stops. No option chain is available for any kind of hedging. So you have to be wise here or you could lose money.

[Gatorman]

Basically, when the chart says so. That is not right now. You may have noticed that the red stick Tuesday was much taller than the black volume stick Wednesday. It moved up on lower volume; it sold off on higher than avg. volume. That's bearish.

I am just saying that you would do well to protect yourself with stops. No option chain is available for any kind of hedging. So you have to be wise here or you could lose money.

While it's ultimate direction has certain questions, it has shown a 3.81% gain in 2 weeks.

[Lyehopper]

Basically, when the chart says so. That is not right now. You may have noticed that the red stick Tuesday was much taller than the black volume stick Wednesday. It moved up on lower volume; it sold off on higher than avg. volume. That's bearish.

I am just saying that you would do well to protect yourself with stops. No option chain is available for any kind of hedging. So you have to be wise here or you could lose money.

I'm with ya dude.... I've traded this stock for a long time and it can dump on you mighty fast.... and it can zoom on you while your back is turned too. If you like PARL It pays to have only a small percentage of your portfolio exposed it.

Remember the short interest if outragously high in PARL. That can be a two edged sword.

ALL THOSE WHO READ THIS THREAD ALSO REMEMBER.... I may sell and or cover part of.... or all of any position I own and fail to post it here in real time. So don't use my model as a real life guide.

[Websman]

I'm with ya dude.... I've traded this stock for a long time and it can dump on you mighty fast.... and it can zoom on you while your back is turned too. If you like PARL It pays to have only a small percentage of your portfolio exposed it.

Remember the short interest if outragously high in PARL. That can be a two edged sword.

ALL THOSE WHO READ THIS THREAD ALSO REMEMBER.... I may sell and or cover part of.... or all of any position I own and fail to post it here in real time. So don't use my model as a real life guide.

I sold my PARL this morning...too bad, I could have got a little more out of it.

If I'm patient I should be able to catch another drop, in order to profit once again. I love the volatility this stock has. I've made a nice profit two times in a row, in just a matter of a couple of weeks.

Will she drop tomorrow? Only the VTP knows...jejeje