Cup w/ Handles

[IIC]

Nice job so far on VGZ from our list too

[IIC]

Word musta got out about my CRH post....lol...It just took off

[IIC]

Keeping an eye on SWSI at 26.69

[IIC]

SPTN did well today except no vol.

[peanuts]

Keeping an eye on SWSI at 26.69

SWSI is a neighborhood stock. There's lots of wells being drilled in these parts.... should be a good company. I know of one 250 acre farm that Superior is working that already has 3 wells in the last 4 months and has 3 more planned. I ran into a crew wearing their blue Superior Wells shirts in the ATL airport a few months back and they said that the Georgia activity was pretty strong. But, that may have had something to do with the weather- the guys I talked to didn't know anything except where they are doing the most work.

I know some immediate family members of one of the biggest shareholders

[skiracer]

Take a look at the daily chart of FPRT. It's one of Spikes POTW picks from two weeks ago. It has evolved into a beautiful cup base and handle with a rather successful breakout over yesterday and today. I can't put up the chart right now but will later. I've been following it since he picked it for that week and have had it on the charts at StockCharts public lists for a couple of weeks. It turned into a beautiful setup and play and went through every one of the steps from forming the bottom of the cup through up the right side and the handle. Almost a classic cup and handle base with a decent 2 point breakout from the handle so far.

[IIC]

Take a look at the daily chart of FPRT. It's one of Spikes POTW picks from two weeks ago. It has evolved into a beautiful cup base and handle with a rather successful breakout over yesterday and today. I can't put up the chart right now but will later. I've been following it since he picked it for that week and have had it on the charts at StockCharts public lists for a couple of weeks. It turned into a beautiful setup and play and went through every one of the steps from forming the bottom of the cup through up the right side and the handle. Almost a classic cup and handle base with a decent 2 point breakout from the handle so far.

I believe you mean FRPT...I know you have it up at your list although I think you have the weekly chart up.

It also made our list last weekend (So far, I've only had time to search Daily charts though)...I posted that I bot it the other day as sort of a quickie trade...also today...But since I have taken no time to read about many of these companies I'm not planning on holding most for very long.

You are right...it has a real nice chart although it did drop quite a bit intraday the day I first bot it...But I bot it near the end of the day after it rebounded and I decided not to holdover...Too bad because I had bot it at 22.00 that day...Doug

[skiracer]

I believe you mean FRPT...I know you have it up at your list although I think you have the weekly chart up.

It also made our list last weekend (So far, I've only had time to search Daily charts though)...I posted that I bot it the other day as sort of a quickie trade...also today...But since I have taken no time to read about many of these companies I'm not planning on holding most for very long.

You are right...it has a real nice chart although it did drop quite a bit intraday the day I first bot it...But I bot it near the end of the day after it rebounded and I decided not to holdover...Too bad because I had bot it at 22.00 that day...Doug

I put the daily up yesterday. It's a beauty don't you think? Are you saying that you bought it late in the day after it rebounded and before the close you exited the trade from an entry of 22. Doug you have to muster trying to plan on holding longer. Ease into it with a couple of small trades. You had it at 22. You had to have bought it in the handle stage. Still that was a great entry if you believed that it was going to breakout of the handle. I waited to see the handle thru completion. I almost bought it yesterday but missed it. I bought it this morning at 22.85.

[IIC]

I put the daily up yesterday. It's a beauty don't you think? Are you saying that you bought it late in the day after it rebounded and before the close you exited the trade from an entry of 22. Doug you have to muster trying to plan on holding longer. Ease into it with a couple of small trades. You had it at 22. You had to have bought it in the handle stage. Still that was a great entry if you believed that it was going to breakout of the handle. I waited to see the handle thru completion. I almost bought it yesterday but missed it. I bought it this morning at 22.85.

It had hit 22.09 twice...I thought the 3rd time would be a charm...But it got stopped at 22.09 a third time...My goal was only a quick .20-.30...but I lost .03 on it that day...Today, I bot and trimmed at .35...then I sold the rest and overall made an avg. of .23sh...The only reason I sold was because I had to leave.

Thing is... I know nothing about this company...I don't like to hold companies that I know nothing about...Fine to play the charts for a d/t though.

I still have OCAS but I know a little about the company...Just the way I trade 'em.

However, although I posted too many last weekend and many are not all that hot I have been using the list as a watchlist and it actually seems like a pretty good d/t watchlist...Of course 4 days doesn't mean all that much...but I made decent money on GROW the other day too...GROW has quite a ways to go to b/o though...Doug

[ringo69]

Tech

I like TECH's cup and handle. Plus it has a nice channel that looks like it is breaking to the upside.

[IIC]

I like TECH's cup and handle. Plus it has a nice channel that looks like it is breaking to the upside.

Ringo...Yes...TECH is a real nice pattern:

[IIC]

[billyjoe]

Doug,
It's called the "pivot window".

---------billyjoe

[IIC]

Doug,
It's called the "pivot window".

---------billyjoe

Are you pulling my leg???...No matter...that's as good a name as any...Doug

[skiracer]

I think there is alot left in this stock and play. BTW, nice find and play with CRH today Doug.

Ringo, TECH looks to be a nice cup. Worth keeping an eye on. This one would have been a nice ride up that right side of the cup to this point.