Lyehopper's Roundup....

[New-born baby]

PARL's TOP FIVE

Lye-baby,
No redheads in my house at this time; he's a brown head. One blondie and five dark brown heads. Three of my children have black eyes; one blue, one hazel, one brown

Peanuts, my friend:
You are a nice guy; I hope you don't mind me giving you five reasons to avoid PARL long at this time.

1. Below 200 day is shorters territory.
2. Head and shoulders formation broke today on 1.5x normal volume.
3. PnF chart--a computer generated target of $19.
4. STOs all agree that this isn't the bottom.
5. Weekly chart shows bearish descending triangle with broken baseline.

PARL should retest the broken neck and fall for the $19 target.
Peanuts, if you take this long, the best to you. I'll probably take PARL short tomorrow, either stock or options.

[dmk112]

PARL - tough call there. It is right on the trend line way back from 2005. If it breaks, then I would run. The trade is valid with today's low in tact.

[Lyehopper]

that's why I love TA....

DMK with another opinion! I LOVE IT!

And his chart is much prettier than yours is NBB.... look at the colors! I gotta go with DMK dude!jejeje

btw....DMK what software do you draw your charts on.... TC2000?

[New-born baby]

DMK with another opinion! I LOVE IT!

And his chart is much prettier than yours is NBB.... look at the colors! I gotta go with DMK dude!jejeje

Lye,
Sounds like you are a getting to be a very, very sophisticated investor--those pretty colors tell it all! jejeje But it isn't the colors, but the prices that are important on a chart.

Go back and review this and you won't think that PARL is on trend:
PARL LOSING MOMO

[dmk112]

DMK with another opinion! I LOVE IT!

And his chart is much prettier than yours is NBB.... look at the colors! I gotta go with DMK dude!jejeje

btw....DMK what software do you draw your charts on.... TC2000?

LOL...yea LYE its TC2000

[mystiky]

Any comments on FIZ?

Cramer pumped FIZ a few days ago, and it has gone from 11.60 to now over $15.

How is the chart looking? I am thinking of going long at some point, but it really seems out of hand right now. Is it possible we see around $13.50 on a dip? I really dont feel comfortable about chasing it.

[peanuts]

Peanuts, my friend:
You are a nice guy; I hope you don't mind me giving you five reasons to avoid PARL long at this time.

1. Below 200 day is shorters territory.
2. Head and shoulders formation broke today on 1.5x normal volume.
3. PnF chart--a computer generated target of $19.
4. STOs all agree that this isn't the bottom.
5. Weekly chart shows bearish descending triangle with broken baseline.

PARL should retest the broken neck and fall for the $19 target.
Peanuts, if you take this long, the best to you. I'll probably take PARL short tomorrow, either stock or options.

I am always open to suggestions, and I appreciate them whether they support or refute my opinions. You make a good argument, and I do not doubt the figures your charts display. I'm just shooting for 31, and I think I will get it.


As a side note, is anyone playing the Sealy IPO today? symbol ZZ I've got a few at 18 and set another limit buy at 17.47. IPO price was $16, giving mkt cap just under 450 million. I think the current owners of the stock know that it's worth more and will run up the price to 23 before they start to sell... a mkt cap of 644 million... a fair price IMO

[Lyehopper]

Lye,
Sounds like you are a getting to be a very, very sophisticated investor--those pretty colors tell it all! jejeje But it isn't the colors, but the prices that are important on a chart.

Go back and review this and you won't think that PARL is on trend:
PARL LOSING MOMO

Don't forget the fundamentals on this one NB-Baby.... I'm adding back a few shares today.

[New-born baby]

Overextended, imo

Cramer pumped FIZ a few days ago, and it has gone from 11.60 to now over $15.

How is the chart looking? I am thinking of going long at some point, but it really seems out of hand right now. Is it possible we see around $13.50 on a dip? I really dont feel comfortable about chasing it.

Sticky--
It seems overextended in my opinion. The chart shows a "long legged doji" on yesterday's action. The action was such that the bears pushed the bulls more than halfway back. I think FIZ will pull back starting late today or early Monday. That just my opinion from looking at the chart.

New issues are hard to judge because we have no history to look at/

[New-born baby]

PARL's BROKEN NECK

Don't forget the fundamentals on this one NB-Baby.... I'm adding back a few shares today.

Best to you, Lye. You probably will do well daytrading this one. Just remember: what we have today is a retest of the broken neck. That's a normal reaction, and Monday you should see a hard sell off, I think.

[spikefader]

Lye,
...review this and you won't think that PARL is on trend:
PARL LOSING MOMO

"Momo trendlines" by NB!! I love it; another TA buzzword created! hehehe. I need to see more of the momo trendline technique

[New-born baby]

"Momo trendlines" by NB!! I love it; another TA buzzword created! hehehe. I need to see more of the momo trendline technique

$pike,
You use the momo trendlines yourself. Just review some of your charts where the trend has moved higher. You usually mark such moves with a "boom."
Where do you think I picked up this technique? Nowhere else but Spikefader's Scientific Stock Analysis.

[noshadyldy]

PARL is an ALPHA KING sell.

[Runner]

Lye,
Sounds like you are a getting to be a very, very sophisticated investor--those pretty colors tell it all! jejeje But it isn't the colors, but the prices that are important on a chart.

Go back and review this and you won't think that PARL is on trend:
PARL LOSING MOMO

NB, I use trendlines all the time. If you extend your momo lines on your charts you will often see where support often turns into resistance. This is often the case with trend acceleration.

[Runner]

Here is my micro look into PARL. Notice the consolidation zone and double bottom it put in. Now notice target zone for this move. Pretty darn close. Nice sell off from top. The trend is in question right now as it did put in a lower low. If it drops any from here I’m Bear on it (short term), if it takes out last small reaction high I see a possible double bottom would be in effect with target around last highs.