Cup w/ Handles

[IIC]

GILT looks good in 9.70's...f/p is 9.93

[IIC]

Added ASML to our CwH list this morning

[IIC]

Adding AMAT to our CwH list...f/p is 20.51

[IIC]

Not a whole lot clickin' today...DIOD gapped on UBS upgrade...PFWD doing OK but no b/o yet

[scifos]

I'm not an expert on cup&handle, but came across this chart of IRG in my scans. Its a weekly view of the last 10 years.

http://farm2.static.flickr.com/1092/667424840_28b88f3b09_o.jpg

[IIC]

I'm not an expert on cup&handle, but came across this chart of IRG in my scans. Its a weekly view of the last 10 years.


http://farm2.static.flickr.com/1092/...b88f3b09_o.jpg

The chart certainly qualifies...However I looked at 7 sites and none of them have that symbol???

[scifos]

The chart certainly qualifies...However I looked at 7 sites and none of them have that symbol???

Sorry, the ticker it ITG.

[IIC]

Sorry, the ticker it ITG.

Here is a monthly chart on your find...Right side a little high...But a very nice find...GOOD EYE Scifos:

[billyjoe]

Doug,
I wish you could set up a cup w/handle imaginary port of a small number of stocks so we could see hypothetical returns. You could base it on weekly, bi-weekly, or monthly increments basing them from purchase at flash point or pivot window.

---------------billyjoe

[IIC]

Doug,
I wish you could set up a cup w/handle imaginary port of a small number of stocks so we could see hypothetical returns. You could base it on weekly, bi-weekly, or monthly increments basing them from purchase at flash point or pivot window.

---------------billyjoe

Yeah Billy...I could...But I'm not going to...Feel free to do that if you want to though.

The CwH's are IDEAS...not RECOMMENDATIONS...Only you can decide for yourself which ones are right for you.

Most will not breakout...You have to figure out which ones you like...I'm just giving you the pre-scanning.

BTW...I rarely make remmendations...I'm just an IDEA GUY...But I will go out on a limb here and tell you that MR is a SUPER DUPER ULTRA DELUX STRONG BUY right here...And yes...I own it and I plan on adding at 32

[IIC]

Just for you Billy...

I went back to the first CwH list I posted on April 29th.

100 stocks were posted.

67 eventually passed the flash point...Of the 67...43 (64%) are higher today...the remaining 24 are lower.

If someone can't make decent money w/ 64% winners...something is wrong.

However, the stats above are meaningless to me. Many of the patterns went wacko before the breakout...Others passed the f/p on lo volume....Some patterns were Classic...Some were a stretch etc...

Each person has to determine for themselves how they want to play these...Perhaps you want to check fundamentals or group movement...even news...Some may be looking long term...Some may want to day or swing trade...There is really no purpose IMO in tracking the whole portfolio because there are too many variables.

[billyjoe]

Doug,
Mind Ray looks pretty good although the name is scary like the Mind Melt thing of the Vulcans. IBD says you should buy just about at 29 and not more than 5% above so the 30.53 number is just about perfect. I see it more as a long term money maker which I know doesn't work well with your trading.Maybe I'll buy some on a dip. then again, there may not be a dip.

-----------billyjoe

[IIC]

Doug,
Mind Ray looks pretty good although the name is scary like the Mind Melt thing of the Vulcans. IBD says you should buy just about at 29 and not more than 5% above so the 30.53 number is just about perfect. I see it more as a long term money maker which I know doesn't work well with your trading.Maybe I'll buy some on a dip. then again, there may not be a dip.

-----------billyjoe

Well, IBD had it right as the first attempted CwH breakout was on June 1st when it opened at 29.15...Unfortunately for Canslimmers the party would not have lasted very long because they would've gotten stopped out when it dipped to 26.50 on June 8th for -9%....Tough break...lol

At this point I wouldn't be overly surprised to see it come down to the mid 29's...The 20ema is 29.65...So far, the 20ema, except for that intraday blip on June 8th has provided nice support the last 6 weeks or so.

It did test the 10 ema again on Friday as it went 7 cents below...But it closed above it. The 10 ema is 30.40.

The technicals I watch are pointing down right now...So if the 20ema holds I may add there...If it takes off from here I will probably wait till about 32.

Hopefully, they will beat by at least 4 cents...But I'm more concerned with guidance...I'm hoping they increase their outlook which seems bright to me: http://www.mindray.com/main/index.jsp

[New-born baby]

Whatever happened to . . . AOB?

AOB dropped off your top 100 list . . . why? Yeah, the stock got blasted this past week, but I thought the ICC TOP 100 was based on fundys. Did something change?

[New-born baby]

BTW...I rarely make remmendations...I'm just an IDEA GUY...But I will go out on a limb here and tell you that MR is a SUPER DUPER ULTRA DELUX STRONG BUY right here...And yes...I own it and I plan on adding at 32

Ascending triangle with a $39 target . . . that's 25% from current price levels. Good enough.