Peanut's Potent Plethora of Profit

[skiracer]

I just shorted it @ $12.46.

This could turn into something. Why did you exit the trade? You had a nice entry with a great r/r plus the momentum was changing to down. Can't stand prosperity? Just kidding, but this was definitely worth holding. Look at where it is right now.

[peanuts]

This could turn into something. Why did you exit the trade? You had a nice entry with a great r/r plus the momentum was changing to down. Can't stand prosperity? Just kidding, but this was definitely worth holding. Look at where it is right now.

Don't give up on the bulls. They bought it this high, they'll buy higher. I'll continue to watch until I find another spot of broken support. I'm watching the $11.50 level...

[IIC]

I can hear Ski and Peanuts chanting in unison:

"Short The IIC 100...Short The IIC 100"

But seriously...Nice job on SWHC...Doug(IIC)

[skiracer]

I can hear Ski and Peanuts chanting in unison:

"Short The IIC 100...Short The IIC 100"

But seriously...Nice job on SWHC...Doug(IIC)

Doug,
You are special. That crystal ball sees all doesn't it?

[skiracer]

Don't give up on the bulls. They bought it this high, they'll buy higher. I'll continue to watch until I find another spot of broken support. I'm watching the $11.50 level...

Very disappointed with the way this turned. Set a stop at $12.20 and if it breaches that I'm out and covered. Every time I mention it on the forum when it's looking and going good the position turns and goes in the opposite direction. Amazing how when it looks so good it can change complexion in an instant. Classic struggle of bulls and bears right here.

[peanuts]

possible way to trade SWHC

Very disappointed with the way this turned. Set a stop at $12.20 and if it breaches that I'm out and covered. Every time I mention it on the forum when it's looking and going good the position turns and goes in the opposite direction. Amazing how when it looks so good it can change complexion in an instant. Classic struggle of bulls and bears right here.

I think that tomorrow you will have a chance to buy at 11.92 and sell at 12.65. Not a HUUUUGE move, but that's what I got from reading the chart. Here's what I'm looking at:

I won't be at my computer in the morning tomorrow, so I probably won't have a chance to trade this way. But if I could, I would try to do this trade...

[peanuts]

I think that tomorrow you will have a chance to buy at 11.92 and sell at 12.65. Not a HUUUUGE move, but that's what I got from reading the chart. Here's what I'm looking at:

I won't be at my computer in the morning tomorrow, so I probably won't have a chance to trade this way. But if I could, I would try to do this trade...

I sure wish that I was at my computer this morning... could have picked up 60 cents / share. phooey

[skiracer]

I sure wish that I was at my computer this morning... could have picked up 60 cents / share. phooey

Peanuts,
You saw something that I didn't see. I didn't understand your post at first because I thought you were primarily thinking short at the moment. That was a good call as it worked out just like you called it. Couldn't you have plugged in the buy trigger and sell points from your platform and let it go this morning. I still like it short from here and still think it needs consolidation but you had it right on the money. I'm still watching it in this range for a short play.

[peanuts]

Vonage

Cramer hates it. He even brings in people's pets to his show as a mascot for the terrible results since it's inception, calling Vonage a dog of a stock. Who can argue with the guy? Upon its IPO it did open at $17 and took a swan dive to $6.30... yes, that is six dollars and 30 cents... a whooping 67% loss of value!!! Pretty close to fibanacci, huh?

But I tell you what, I'm a disagreeable type of person. I like Cramer, but man I think he better change his view on Vonage, real quick-like. I think we are about to see a nice little rally from the current levels to start testing levels of resistance. This is the chart that I'm looking at:

We have some volume support under the current price, and today, VG has taken a seat right on the cushiony support. The 20 day EMA seems to be the pivot point for price direction. It is currently under this average, but with VG testing support, and the 20 day EMA just overhead ($7.43), I think we will have a chance to breach it, and continue to the first level of resistance, near $8.

I will be looking to initiate a long position if VG breaches the 20 day EMA with volume after it bounces off the support line. I'm looking for 50 cents at first, then we'll see how this goes from there...

[peanuts]

...Couldn't you have plugged in the buy trigger and sell points from your platform and let it go this morning...

Ski,

To my knowledge, I cannot do this. I guess that even if I did put in a trigger buy order for my target price, I wouldn't have been able to put in a trigger sell order to follow up until I actually owned the stock. Since I wasn't going to be in front of the computer, I didn't want to be in the trade with no way out of it at my target sell price. That, and if the trade went against me, I wouldn't have been able to back out of the position. I think the key thing is that I need to own the stock before I can initiate a trigger sell order. But, I may be completely wrong.

Anyone more familiar with TD Ameritrade platform that could solve this query?

[skiracer]

Ski,

To my knowledge, I cannot do this. I guess that even if I did put in a trigger buy order for my target price, I wouldn't have been able to put in a trigger sell order to follow up until I actually owned the stock. Since I wasn't going to be in front of the computer, I didn't want to be in the trade with no way out of it at my target sell price. That, and if the trade went against me, I wouldn't have been able to back out of the position. I think the key thing is that I need to own the stock before I can initiate a trigger sell order. But, I may be completely wrong.

Anyone more familiar with TD Ameritrade platform that could solve this query?

I wouldn't say for sure but I think that TDAmeritrade is a pretty sophisticated platform and that you would be able to set a "buy order" and a "sell if buy triggered" order. I would look into that with your broker. I hardly ever set buy order triggers as I'm always in the office and usually one of the computer screens are right nearby so I do all my trades myself when I'm ready. I do think the triggers can be faster at times but sometimes they can work to your detriment.

[peanuts]

check your stocks, before you buy

So many different companies offer a stock check-up for investors. One that I found useful for technical traders to consider looking at before formulating a trading strategy might be what barchart.com has to offer. (click the lick to see what I mean)

Does anyone use this or another system to check their stocks before buying? For free, I think this is fairly good information...

[billyjoe]

Peanuts,
I do like barcharts but am a little suspicious of their ratings based on a check of several stocks I ran yesterday. Was running a list of maybe 25 stocks rated highly both technically and fundamentally when 5 in a row came up with the exact expert opinion on barcharts. Short term bollinger bands 20 day all said hold when all other indicators were 100% buy. I ran then at different times and got the same results. This makes me think their opinions aren't customized per stock but somewhat generic. I've never noticed this before after going to barchart for maybe a year.

---------billyjoe

I just checked and results are different today. Maybe it was the time of day or their computer was stuck. It is back to normal and I'm not suspicious anymore.

[skiracer]

Peanuts,
I do like barcharts but am a little suspicious of their ratings based on a check of several stocks I ran yesterday. Was running a list of maybe 25 stocks rated highly both technically and fundamentally when 5 in a row came up with the exact expert opinion on barcharts. Short term bollinger bands 20 day all said hold when all other indicators were 100% buy. I ran then at different times and got the same results. This makes me think their opinions aren't customized per stock but somewhat generic. I've never noticed this before after going to barchart for maybe a year.

---------billyjoe

I just checked and results are different today. Maybe it was the time of day or their computer was stuck. It is back to normal and I'm not suspicious anymore.

I use Barcharts alot for their strongest sectors and stocks within those sectors lists. Always got good stocks and genuine ratings from them. Someone here mentioned MarketWatch.com for sectors and stocks within those sectors ratings. I like MarketWatch better that Barcharts after going there and trying it out.

[peanuts]

I use Barcharts alot for their strongest sectors and stocks within those sectors lists. Always got good stocks and genuine ratings from them. Someone here mentioned MarketWatch.com for sectors and stocks within those sectors ratings. I like MarketWatch better that Barcharts after going there and trying it out.

That was me, Ski, I should have included the MarketWatch sector watch as part of this post...