Little Peanuts, hard at work, needs your help to get things straight

[peanuts]

yikes! at resistance

Chart Link

It is right at resistance.... should I get out now, or wait a little bit longer to see if this is the breakout from the 6 month cup and handle formation? 7 day RSI is just moving above 70.

Notice how I did not give anyone here a tongue lashing for telling me to sell.

[peanuts]

what I have done

I have set 2 stops at different prices. One is the make or break price level. The other is at a resistance level. Both will be profitable trades. I don't wish to share my stop price, but it is set at a point where I still make a profit, while at the same time, protects any possible losses. For now, I am still holding my initial position.

What is the time horizon for the P&F charts?

[New-born baby]

Timeless

What is the time horizon for the P&F charts?

None. It is timeless. It merely tells you that the price action is such that sooner or later the stock should reach that price.

[skiracer]

None. It is timeless. It merely tells you that the price action is such that sooner or later the stock should reach that price.

It's not exactly timeless. It generates either a bullish or bearish sentiment depending on the O or X's. A stock has to move a specific number, usually 3, increments, boxes, below or above the preceding line of O's or X's to change the previous sentiment to a new sentiment. You can read up on it at Stockcharts.com for free.

[peanuts]

You can read up on it at Stockcharts.com for free.

How much do you charge?

Do you use this charting service often? Does it help you to make decisions? From your experience, what kind of success is there if you know how to use it? Are there different parameters to set for different industries / stocks? Can you tell me anything about it that I can't find on stockcharts? Thanks!

[skiracer]

How much do you charge?

Do you use this charting service often? Does it help you to make decisions? From your experience, what kind of success is there if you know how to use it? Are there different parameters to set for different industries / stocks? Can you tell me anything about it that I can't find on stockcharts? Thanks!

I subscribe to Stockcharts Platimum service an I use the site everyday with their realtime charts an everything else they have to offer as I see fit. Building a knowledge base regarding everything to do with the technical side of trading will enchance your chances of winning an every bit of knowledge gained will bring you closer to that goal. But it takes time and perserverance to accompolish that plus the desire to grow that knowledge base. Do you have that desire and what it takes to follow thru with the due dilligence required? It's a long tedious path to build the knowledge base but the time spent is what separates the wheat from the chaff. So the answer to all of your questions is yes. I might add that I think the answer to my question might be no.

[peanuts]

Breakout!!!!!

the breakout finally came today. Classic cup and handle breakout. Looks like my research was right on- and yes, skiracer, that last comment was just a little bit cocky... it feels good when you're right and your portfolio shows it.

Anyone else joining the party?

[peanuts]

Yeah!!!!!

NSS being bought by IPSCO.

This is perfect for my LT portfolio!

http://biz.yahoo.com/ap/060911/ipsco_acquisition.html?.v=3

[Lyehopper]

I need your help with this stock:

NSS - Chart Link

My previous analysis (privately withheld) indicated a much better return since Dec 21, when I bought ($40.50). This was supposed to be my largest 1 year holding, and currently is, but I had anticipated a better return by the end of March. That time is coming, and I am debating whether this is really the stock that I should hold for the long term gains tax rate. 1/4 of the year is nearly over, and I have nothing to show for it. I was expecting at least 35% return for the whole year (ending Dec 22), but I'm not feeling so good about it anymore.

The moral of this story is; If you like it long term.... then just sit on it and wait!.... Mr Market does.... Bruce (Poor Man) does.... Warren Buffet does.... Nice gain Peanuts! If I calculate this right that's about 59% in less than a year.... HUUUGE!

[spikefader]

NSS being bought by IPSCO.

This is perfect for my LT portfolio!

http://biz.yahoo.com/ap/060911/ipsco...tion.html?.v=3

You ain't so little after all, Peanuts! Congrats on a real nice trade dude.

[peanuts]

you guys rock!!

Lye, Spike...

You guys rock! Thanks for recognizing a nice investment. It really makes me feel good that other people think that I did well. Especially people from Mr. Market's Forum. This IS the best investment forum on the net, and when I get congratulated from fellow members, it really makes my day. I wish the best for you guys. I hope to give you cheers you in the near future for some HUUUUUGE gains! Good luck!

[Websman]

Lye, Spike...

You guys rock! Thanks for recognizing a nice investment. It really makes me feel good that other people think that I did well. Especially people from Mr. Market's Forum. This IS the best investment forum on the net, and when I get congratulated from fellow members, it really makes my day. I wish the best for you guys. I hope to give you cheers you in the near future for some HUUUUUGE gains! Good luck!

Congrats Dude! Now...if I could just find me a nice investment. How about SIRI???

[peanuts]

Congrats Dude! Now...if I could just find me a nice investment. How about SIRI???

Thank you, Webs.

I don't know anything about SIRI, so I can't help there. Off the bat, I would not play SIRI until there was such a thing as hand held devices like Ipod to come out, that, AND they begin to show promise of profits in the near future. I like profitable companies. In this market, it is just too risky to try to invest in a company going down the drain...

Are you looking long term (1+ years)?

[Websman]

Thank you, Webs.

I don't know anything about SIRI, so I can't help there. Off the bat, I would not play SIRI until there was such a thing as hand held devices like Ipod to come out, that, AND they begin to show promise of profits in the near future. I like profitable companies. In this market, it is just too risky to try to invest in a company going down the drain...

Are you looking long term (1+ years)?

SIRI is a pure speculation play. I've watched this stock for a couple years now. It goes up on pure hype.