Lyehopper's Roundup....
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Hey Lye and NB,
PARL lovers may not like this hehe, but here are a few thoughts on PARL versus EFA, which I'm long and green, and superdooper bullish on at the moment. At stockcharts you can get the ratio chart between/relative to 2 issues.......neat huh?!
Anyway, these charts suggest that maybe a short PARL long EFA combo would leverage some magic.
But looking at PARL all alone, I see it had a channel long yesterday, which was confirmed by a 5-minute tweezer pattern. The hard stop for that play was 31.30, which got cut like wet paperbag on volume this morning.
In my humble opinion I think it's about to show us some bearishness, and thus I caution longs to exit now and wait for brighter days, or hedge for when 28.82 fails. But I do still think PARL's weekly is strong, so it's yet to get into serious bother. In my view 28.00 is a MUST hold area. If it doesn't, say hello to potential for 19.00 pretty quick.
Congrats on GEHL Lye! I think that's goin' to 41.00ish within the next 3 weeks or so. Consider profit-taking the upper weekly channel tag though.
Good luck, and keep postin'!
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Opinions appreciated here!!!!
Thanks Spike.... I have shed most of my PARL shares and hold only a very small position now (I won't close it out and chalk it up to a loss [here] till I'm 100% out though). I'm not so bullish on it presently and wouldn't add shares right now. I do however think that after it finishes retracing that it'll be a hot long play.
GEHL is a great company and has a lot of upside potential. Up another 4% this morning and volume is increasing pretty good too. Any pull back now is a buying opportunity imo.
HEY SPIKE! Run me something on my two short plays! I'd really like your opinion dude!
Anyone elso want to kick in and post a chart on NRPH and SIRF (short)....????
Ski?.... Runner?.... NBB?.... Rob?.... Anyone?BEEF!... it's whats for dinner!
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Originally posted by LyehopperGEHL is a great company and has a lot of upside potential. Up another 4% this morning and volume is increasing pretty good too. Any pull back now is a buying opportunity imo.BEEF!... it's whats for dinner!
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Originally posted by LyehopperHEY SPIKE! Run me something on my two short plays! I'd really like your opinion dude!
Anyone elso want to kick in and post a chart on NRPH and SIRF (short)....????
Ski?.... Runner?.... NBB?.... Rob?.... Anyone?
OK, NRPH I think is goin' to 38.00 my bias for that holds while 30.00 holds, which is 13% lower and I'd wanna stalk that one before I'd actually trade it long. It's workin' on a fresh channel turn up just today, from the 35.00 high.
Count-wise, 28.50 was a 'c' completion, and the test a month later passed nicely, with price impulsing up from it, and it's now in a fuzzy 3rd or 5th impulse up. Money flow has been very nice on the daily, and while 35.00 is resistance and smart money sells resistance, I'd pass on it. I think she's a bull.
On the weekly, I count that it's in a 5th up. So the break over 35.00 will be the final impulse on the weekly. Any longs will be selling the pop breakout at the next weekly upper channel tag. I really doubt that one will boom the weekly; it's been very strong......but it is a pharma and who knows... After the 5th on the weekly it'll trade very tough for a month or two, favoring shorts. I think you're a bit early with your short, and should wait to anticipate the 5th completion OR wait for the 'a' first and short into the 'b' and look for a 'c' failure if you're FA a bear on it. But for me, I'd be a buyer of the weekly 'c' corrective, based on the money flow and volume by price.
I also note P&F are showing a double top breakout just yesterday.
Good luck with it though. Now for SIRF, there's a good short dude. Nice call. I like today's intraday pop to 36.05 double top to target 28.00, a nice 22% target with stop over hod. Money flow weak lately, the SHS up top, bearish weekly and monthly candles up top, and if you want more out of it to the downside, you can logically target 23.35 gap support from Sept 05, which is 35%.
Good luck Lye! Love the thread man. You can pick some great stocks dude! Valuable resource to the forum indeed.
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Originally posted by spikefader 2 days ago... Congrats on GEHL Lye! I think that's goin' to 41.00ish within the next 3 weeks or so. Consider profit-taking the upper weekly channel tag though. Good luck, and keep postin'!
Time to take it off and buy the dip.
Triple toppy intraday today. Smart folk got out at the 40.65 double top.
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Latest....
Fellas.... I have trimmed back on all of my "featured" positions (including GEHL) I still have "token" positions in all of them. I am holding a "decent" position in GEHL but I've sold about half of it....
I'll keep all of the featured positions open for now (for the sake of the thread) but I would advise extreme caution right now.
SIRF is above it's MA50 but I think will fall again. Stalk for a good short if it gets to 39.
PARL is weak.... Stay away right now.
GEHL might sell off some now.... But it's a good one.
CVGI should trade flat.
JAH is acting weak. Ain't sure what'll happen here.
NRPH is just CRAZY (and dangerous to short)
ECOL should retrace further before it resumes it's rise too. If it consolidates within the next 4-6 weeks I'll rebuild my position. It's paying a dividend later in the month btw.
Ain't a bad time to have ca$h imo....
Now I might change my mind after lunch today.LOL.... BUT.... If I go heavily back into any of these I'll try to post what I'm doing.BEEF!... it's whats for dinner!
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going against the grain
Originally posted by Lyehopper
PARL is weak.... Stay away right now.
I just went against your advice. Please do not take this as a challenge, or my attempt to disrespect your opinion. Check out this chart: http://stockcharts.com/h-sc/ui?s=PAR...d=p84003648639
I'm not much of a TA guy, but I see a few things about today's action. I think you have called a bottom, and I'll explain why I think this. With the parameters I have set up, the RSI and MACD gives me a great indicator of topping and bottoming behavior (I got the parameters from a true TA trader that is successful). With just about all the stocks I put into this chart, I see the bottoms as they are happening. It occurs when the RSI is below the 30 line. If this corresponds with the MACD in a sharp decline with increasing spread, the bottom is about 90% accurate.
of course, when you look at Sept action, the bottom was called several times before it really hit at 21.97.
Also, it seems that $28 is acting as a nice support level.
This is only my opinion, but I've back it up with a few shares as well. Looking for 31 and that's it.
Great call on GEHL by the way. I was hoping to get in within the last week, but it wasn't until yesterday that all the funds cleared. By the time I went to put in my order, it was too late.Hide not your talents.
They for use were made.
What's a sundial in the shade?
- Benjamin Franklin
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Originally posted by peanutsLyehopper,
I just went against your advice. Please do not take this as a challenge, or my attempt to disrespect your opinion. Check out this chart: http://stockcharts.com/h-sc/ui?s=PAR...d=p84003648639
I'm not much of a TA guy, but I see a few things about today's action. I think you have called a bottom, and I'll explain why I think this. With the parameters I have set up, the RSI and MACD gives me a great indicator of topping and bottoming behavior (I got the parameters from a true TA trader that is successful). With just about all the stocks I put into this chart, I see the bottoms as they are happening. It occurs when the RSI is below the 30 line. If this corresponds with the MACD in a sharp decline with increasing spread, the bottom is about 90% accurate.
of course, when you look at Sept action, the bottom was called several times before it really hit at 21.97.
Also, it seems that $28 is acting as a nice resistance level.
This is only my opinion, but I've back it up with a few shares as well. Looking for 31 and that's it.BEEF!... it's whats for dinner!
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Too much to post
Originally posted by LyehopperI hear what you're sayin' Peanuts but I don't like the high volume today and PARL has broken the MA200 and could contuinue to sell off. I'm not ready to jump on it hard just yet. On the positive side it did quickly bounce off of the 61.8% retracement line today ($28.32) so maybe it can rally from here.--and bulls above it. I would not suggest buying PARL until Paris Hilton can get above that 200 day average.
I could also give you 5 more reasons not to buy this one now, but I am going to make you ask me, just in case you don't want to know
He cried when I read your post that you might buy PARL here . . . .
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Originally posted by New-born babyI know--I have said it too many times already--PARL to $19.00. Bears live below the 200 day--don't you forget it--and bulls above it. I would not suggest buying PARL until Paris Hilton can get above that 200 day average.
I could also give you 5 more reasons not to buy this one now, but I am going to make you ask me, just in case you don't want to know
He cried when I read your post that you might buy PARL here . . . .
Now if PARL pops 20% tomorrow on HUUUUGE volume.... I'll be cryin'....
btw.... Matt's one good lookin' little fella NB.... Looks like he's got red hair.BEEF!... it's whats for dinner!
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what a stud!
Originally posted by New-born babyI know--I have said it too many times already--PARL to $19.00. Bears live below the 200 day--don't you forget it--and bulls above it.
I could also give you 5 more reasons not to buy this one now, but I am going to make you ask me, just in case you don't want to know
He cried when I read your post that you might buy PARL here . . . .
I think I know your other 5 reasons:
1. If I sell PARL, he will stop crying
2. Who wants to smell like a Hilton?
3. Everyone's had a piece of Paris, $29 is expensive, price of the stock should be the price of a drink
4. you don't get a copy of the video when you buy, do you?
5. Why buy a hotel princess when you can buy the Superbowl Quarterback for pennies (DRMS.ob)???
I'll be here all night, folks.Hide not your talents.
They for use were made.
What's a sundial in the shade?
- Benjamin Franklin
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