Originally posted by Tatnic
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Tatnic's Terrific Trades
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On A Roll, Luther!
MM Forums is on a roll right now! Pete, Peanuts, Tatnic, Ski, and others are throwing the hot picks up on the board, so I thought I ought to throw up a chart for all to see. This CAS pick, well now, seems yesterday we had a nice triple top breakout, with a nice big $10 profit coming. So why not buy it right here at support like a good boy should?Originally posted by Tatnic View PostPnuts mentioned this one a while back...it's putting in a pretty impressive move here and if my calc's are correct it has a ways to go. No position..., was short earlier but got stopped out. Stupid short in hind-sight.
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Originally posted by Tatnic View PostYou know, its pretty obvious now that TNH is a short-term short. Its just too overdone at these levels. But if and when it corrects, I'm guessing that it won't last that long.
I would not short this bull. It's like the sign on the fence at the bull pasture: "If you want to cross this pasture, you need to be able to run the 100 yard dash in 9.9 seconds. The bull can run it in 10.0." Leave this monster alone for now. It's in a three up, looking for four down and run to five up.
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Nice chart NB. From the chart it looks as if it might be starting a handle formation right here. Nice triple bottom cup base though. Almost a classic huh. Looks to be worthwhile to keep an eye on though.Originally posted by New-born baby View PostMM Forums is on a roll right now! Pete, Peanuts, Tatnic, Ski, and others are throwing the hot picks up on the board, so I thought I ought to throw up a chart for all to see. This CAS pick, well now, seems yesterday we had a nice triple top breakout, with a nice big $10 profit coming. So why not buy it right here at support like a good boy should?
THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR
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I would be looking for a short play here rather than a long position if I were going to trade it right now. Nice charts though. This is the kind of stuff we have to get back to here at Ernies. If everyone starts throwing up charts and ideas the commentary will flow.Originally posted by New-born baby View PostI would not short this bull. It's like the sign on the fence at the bull pasture: "If you want to cross this pasture, you need to be able to run the 100 yard dash in 9.9 seconds. The bull can run it in 10.0." Leave this monster alone for now. It's in a three up, looking for four down and run to five up.
THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR
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I agree with the chart comments, Ski. I would not be taking TNH long here either; it is just too strong to short, imho. In other words, I am leaving this one alone at this time. But yes, I love the scans, and I will be glad to throw up a few charts if I can find the time.Originally posted by skiracer View PostI would be looking for a short play here rather than a long position if I were going to trade it right now. Nice charts though. This is the kind of stuff we have to get back to here at Ernies. If everyone starts throwing up charts and ideas the commentary will flow.
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I like FTO, HOC and VLO, all nice, fundamentally strong refiner plays. I chose FTO only because it recently broke out (32.5+/-), tested that level, and is bouncing here. Again, this is a "hurricane season" play for me.Originally posted by New-born baby View PostHere's one to watch, because I think it bull charges through the R.
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Yes...I agree. Its last "correction" of 33% lasted about 10 seconds.Originally posted by New-born baby View PostI would not short this bull. It's like the sign on the fence at the bull pasture: "If you want to cross this pasture, you need to be able to run the 100 yard dash in 9.9 seconds. The bull can run it in 10.0." Leave this monster alone for now. It's in a three up, looking for four down and run to five up.
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Don't exaggerate, Tat. I think it was only about 9 seconds. lolOriginally posted by Tatnic View PostYes...I agree. Its last "correction" of 33% lasted about 10 seconds.
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I like this chart and the stock. They are a player and if it shakes it out a little bit more it's a nice cup base. Needs a bit more handle and percentage wise it could breakout from above the line. Would be worth watching or buy at the end of the handle if you believe it will breakout. I know they are a player and were a leader when oil was peaking. This seems like a price that isn't going to be getting any cheaper if it does breakout above this line.Originally posted by New-born baby View PostTHE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR
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I could have and probably should have just split my refiner position 3 ways and bought equal amounts of vlo, hoc and fto...then that way I take the timing issue out of the equation. All 3 are strong stocks and should do well in the long-run, ie the next 3~5 years I'd say.Originally posted by skiracer View PostI like this chart and the stock.
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Speculative Penny WWAT.ob
...but a very interesting concept, ie using solar power to extract water from the atmosphere. (the ob stands for Oh brother).
Have had this one before but got bored with it. The company is selling stock left and right to keep their cash position up there, but the price keeps moving up anyway. I don't know the company well enough to guess whether or not they'll be around in the next 10 years, but the recent price action says something for them, ie fairly steady climb.
Worth a small position, but very speculative.
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what's the matter with me....TSO should be in that august group.Originally posted by Tatnic View PostI could have and probably should have just split my refiner position 3 ways and bought equal amounts of vlo, hoc and fto...then that way I take the timing issue out of the equation. All 3 are strong stocks and should do well in the long-run, ie the next 3~5 years I'd say.
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