Would You Buy This Stock?

[DSteckler]

<< But how could anyone know what will happen to a company's business, based on what they see in a chart?? >>

You can't but frankly, it's not necessary. Dave Landry at TradingMarkets.com used to write about the "Big Blue Arrow." He used a blue marking pen to draw an arrow in the direction of the trend. If it was up, he stayed in a stock; if down, he got out.

Please keep in mind that Landry is primarily a swing trader. A position trader certainly would want to do research on the fundamentals.

[Rob]

Today Though ...

Well, so far today BBD is certainly sucking swamp water! If it drops more than another buck or so, I may have to cut 'er loose. Maybe use the money to buy TS. Shoot, maybe I'll buy TS anyway if it goes to around 175. It's looking gooooood to me! (mainly for fundamental reasons--but technically too)

[skiracer]

Well, so far today BBD is certainly sucking swamp water! If it drops more than another buck or so, I may have to cut 'er loose. Maybe use the money to buy TS. Shoot, maybe I'll buy TS anyway if it goes to around 175. It's looking gooooood to me! (mainly for fundamental reasons--but technically too)

I bailed this morning at $38.59. I'm pissed at myself for watching it go down and not stopping it sooner. Gave back .52. Was in at $38.52. Still like it and just waiting to see what the market does. If the markets continues down, BBD, will follow but when it turns back up it will be nice to be in at that point. I'm keeping a close eye on it. I'm thinking the markets are due for a correction of sorts so am watching that closely. Only trade what you see and not what you think.

[DSteckler]

<< Only trade what you see and not what you think. >>

Post of the day.

[skiracer]

<< Only trade what you see and not what you think. >>

Post of the day.

Thank you Dave, but that belongs to another guy named Deron Wagner. I picked it up from him. It definitely holds water.
Pursuing CSCO April 22.50 calls (CYQDX) at .15. Put the buy order in on 50 contracts a couple of minutes ago. We'll see what happens.

[Rob]

Okay — Here's Another One ... WOULD YOU BUY THIS STOCK?

Thanks for the feedback, all. This is kinda fun. Okay, here's another one ... Would you buy this stock?

[Lyehopper]

yes I would buy it Rockin'Rob....

GOOD ONE DUDE!!!! now that's my kinda stock! Looks like you're using a similar search to my "Top Secret VTP Super-Duper Special Search"....

Betcha I can tell ya what stock this is too....

[Rob]

You Like?

GOOD ONE DUDE!!!! now that's my kinda stock! Looks like you're using a similar search to my "Top Secret VTP Super-Duper Special Search"....

Betcha I can tell ya what stock this is too....

I found this one by accident, but I knew it looked like one you might like. (heh heh)

How much time do you need to identify it?

[Lyehopper]

I found this one by accident, but I knew it looked like one you might like. (heh heh)

How much time do you need to identify it?

It's UGI.... It took me two minutes.LOL

[Rob]

Lawdy

It's UGI.... It took me two minutes.LOL

Good eye, dude! Well ... would you buy it?

[Lyehopper]

Good eye, dude! Well ... would you buy it?

Heck yeah!.... And I just might.... Good eye yourself!

[Lyehopper]

Ugi....

Hey Rob.... I just bought it. jejeje

How about that weekly chart dude?.... Look at the volume increase since about mid Janurary. EXcccccelent....lol

[Rob]

Yo

Hey Rob.... I just bought it. jejeje

How about that weekly chart dude?.... Look at the volume increase since about mid Janurary. EXcccccelent....lol

Lawdy! No one can say there are any flies on Lye!

UGI is scheduled to report thier quarterly on Apr. 26. It seems like it ought to do well between now and then, but I'd consider not holding it through earnings. I haven't bought any yet and may not. My plate is getting pretty full.

If I know what you mean by "how about that weekly chart dude?" ... and ... I think I do ... (that little formula we discussed on the phone yesterday ... wink wink nudge nudge) Yeah! I hadn't even looked at that yet! ... but Wowza!

[scifos]

I think there is a C-long here.

[Rob]

T/a

I think there is a C-long here.

Scifos, that looks interesting to me. Would you mind explaining the theory behind a C-long?