Tweet
Any thoughts on ASF, had a good Qtr. Now bottom dropping out do you think it might be a little profit taking and a nice buy point?
-
-
b-critical,
I don't see the reason for this big drop. It beat analyst estimates yet dropped 12% in share price. Vectorvest says it's overvalued yet they rate it a buy. Sorry I can't be of more help.
billyjoe -
B-Critical!
B-Critical: BE CRITICAL!Originally posted by b_critical
Stay away from it now.
Today's $10 drop signifies that it is going to drop another $10 in the next six weeks or so. It is called a 'bear flag.' Click on the link at the bottom of my post to read more.
Comment
-
NBB
I am not a savvy investor but looking at your anyasis doesn't it entail negative news...I see no real negative news...most news I read is good? Am i missing something?
BillComment
-
Asf
Bill,Originally posted by b_critical
When I invest, I look only at charts and consider Dow Theory. "The chart already knows the news" is a common statement among those who trade via "technical analysis" as it is called. Therefore I have no information to give you about why ASF is falling.
But I can tell you that 100 years of chart study has identified chart formations that indicate what will happen to ASF over the next six weeks or so, and that is that she is likely to drop another $10.
ASF is simply way overbought; people who are in the inside know that the stock price is not justified and are selling out now.
Best to you,Last edited by New-born baby; 05-02-2006, 02:22 PM.Comment
-
Bill
Bill,Originally posted by b_critical
Look at this computer generated price target. I have nothing to do with it; the computer makes the price target. So I say, there is great danger here.
Best to you
Comment
-
NBB,
Thanks thats a real helpful, I was on the ride up on ASF and I stopped out this morning on 5 % drop back and thought why is it dropping. I guess the real reason has not surfaced but it better to wait for better days to pounce. Thats why I aways have stops plus I made a nice little 18% anyway. I will keep an eye and maybe look at it when it see the 30's again.
BillComment
-
Bill,Originally posted by b_critical
Tell us a little about yourself: how long have you been trading? How do you identify stocks you want to buy, and what kind of goals do you have?
So glad you use stops on this one. Be aware that ASF will probably see-saw down because there will be real believers in the stock, and after a day or two down, it will move up for a day or two, and you might be tempted to jump back in. That's call a bull trap, because buyers will think it is safe to re-enter and the next day--whack!Comment
-
Personal questions OK.
I have been trading a short period of time maybe 3 years. Picking stocks has been a little tough I read through some of the stuff in this forum and then check out the company discussed and recommended. I ususally find atleast one from MR "HUGH" that I like, and buy, not always his pick. Sometimes I run some screens but I haven't had to much luck with that. Sometimes I just go out there on gut feel which doesn't always work out to nicely. I mean I bought alot of OWENQ when it dipped to 1.60 thinking this can't drop anymore. Blink and its at .95 and I had no stop on that. My thought is now keep it most likely they are not going anywhere but I proably will get burned. So in my case i know I have alot to learn and reading what you guy post help in the process of learning.
My goals are simple just try to increase my profolio by 20%/year. But with stocks like OWENQ. Did buy BBD after it dipped a little at 35.60 and put a trailing stop on it. Also bought Dow recently at 39.95....also a trailing stop We will see.
BillComment
-
It doesn't matter what you see or don't see, Bill. What matters is how the market participant interpret it and it looks like they don't like it.Originally posted by b_criticalComment
-
Bill,Originally posted by b_critical
20% per year ought to be a very realistic goal. A few suggestions, if you don't mind:
1. Any stock with a "Q" after it is in bankruptcy, and the shares will soon be totally worthless. Never take a long on one of those.
2. The options chains offer significant help if you want to take it. For example you could buy a stock like SU at $85 and receive $11.80 to sell it back to them at $85 next January. That's 24% annualized between now and January. Why not look that way?
3. I think a nice play for you would be to buy SUF at $9.17 and sell the MAY $10 call at $.30. Option chain is rich on this one, and Jun $10 calls selling for $1.00Comment
-
WOW a nice jump on news for OWENQ. Not sure exactly what are the ramifications of this deal on existing shareholder though??Comment
Comment