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Tatnic now has his own thread where he will share with us his winning trades. Thanks Tatnic!
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I am HUGE! Bring me your finest meats and cheeses.
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Let's have 'em!
I have anxiously awaited this new thread! Tatnic, put 'em down for us to watch! I really like it when one posts his reasoning about how to pick and enter/exit a trade. Please put up some picks for us! and Thanks! -
Bring on the huge picks!Comment
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Sorry I didn't see this thread earlier...in the future, as soon as my alerts pop up I'll post them here. I may or may not buy them, and it goes without saying that it's up to you to see if they're to your liking. I did buy TMB this am and I don't believe the breakout is too far along to get some here. But to be honest, it could easily drift back a little for those who want a lower price.Originally posted by Tatnic View Post
This is strictly a technical breakout trade that I set an alert for based on the weekly charts.Comment
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ok NB and Webs, thanks encouragement, again I just noticed the thread so my apologies for not responding sooner.Originally posted by New-born baby View Post
TMB was set at 39.5 as an alert (and I based this on the weekly prices and its basing over the past few months...if you check those prices you'll see what I saw). Since its not really the end of the week I'm sticking my neck out here somewhat because it could pull back below its breakout level. But that's one heck of a strong looking chart IMO. Why? Because of how long its based and how tight the weekly bollingers have become.
BUT, there's a slight problem here...the volume is not huge and this could come back to screw things up. So its not an A+ breakout--it still has a day and a half of a shortened week so the volume may be somewhat misleading here and could make up the slack.
Fundamentally, I do recall checking them but this is not a fundamental play....strictly a breakout. I just recall that the fundies did not rule of a position.
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Wfr
Here's one I got back in early December on chance. It wasn't on my alert list but I was thinking about solar stocks and pulled up the chart. It had already started to break out the week before (last week of Nov, '06) so it wasn't too far along. NOtice how the bb's had constricted nicely, and how on the b/o the adx and volume both ramped up? The rsi has started ramping a few weeks before the breakout. The price level that I thought looked critical on the weekly was just over $38, because that was the highest weekly close going back several months. And you can see how the spike in volume coincided with that level being broached.
Also notice how the price retraced after the b/o, but stayed above the 10 week and then shot off again. That's the sign of a really strong breakout. The 30 ema is supposedly the line in the sand but it varies from stock to stock.
This stock is way ahead of itself IMO so it could retrace easily back towards the 10 week.
woops...I forgot to post the chart link:
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Qcom
ok...this one broke out last week and really accelerated. But after such a huge move, its stalled here.
Even though it was a great b/o, w/ lots of volume, moving abouve resistance, etc...the bollinger bands were not as constricted as I like to see them. So don't be surprised to see this one rest some more and it digests its strong move last week.Comment
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Sox
...just noticed that they're perking up here..broke out of a fairly large triangle but I think they need to clear 490 and stay above it before more individual charts start breaking out. But its time to start building a list...any ideas would be appreciated (I bet peanuts has a few good ones already on his watch list). I bought IMOS a while back and like the looks of it, although I was sweating a little last week when it retraced sharply.
So please share some ideas and lets put 'em on a watch list.Comment
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EBAY--not yet
Got an alert today but the stock has already expended quite a bit of fuel on its last move up, so there's no volume left. And it doesn't look like it will close over my resistance level of $34 tomorrow. Even if it did, it really doesn't have the volume I'd like to see for a sustained breakout on the weeklies.Comment
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Hey!!!
GREAT POSTS, TATNIC!!!!.
I like your thread. Keep up the great work~Comment
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Yeah, great stuff, Tatnic! It's about time we got back to serious stock talk around here!
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Thanks tatnic....I like it!=============================
I am HUGE! Bring me your finest meats and cheeses.
- $$$MR. MARKET$$$Comment
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Diod
...as soon as I posted about the sox perking up, Diod popped up on my alerts. I bought a little but I may be guilty of pushing things here. Its a breakout for sure, but if the sox do not clear 490, I'll most likely put a short leash on Diod.Comment
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You're welcome you guys. I'll try to stay current but cannot promise anything but an honest effort. I might post some trades from the past, good and bad to share what I think went wrong or right.Originally posted by mrmarket View Post
Along that vein, I'm about a whisker away from declaring defeat on my oih puts trade. My magic level will be a close today over $140 will get me out, for a loss. If the stock is over $140 by 3:50pm, I'm out. It will represent a loss of around 0.5% of port. value. But my stop loss for OIH is based on the $140 level and not a set %. (My position size was more closely correlated to portfolio size and max. loss per position). I've been dabbling in trading these oih puts over the past month or so and my record will be a slight gain if I get out this afternoon. To summarize, its not been worth the effort and strain.
But, if OIH does close today above 140, then oil/gas stocks should do well for the next few weeks. I'm guessing I'll start seeing more of them pop up on my alerts.Comment
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