ParkTwain's Parlor

Today may have been the commencement of NITE's liftoff.

[peanuts]

You may have missed the initial move on NITE. I did mention it 3 days ago on my thread. I took a position in it this morning at $17.81 around 10:00 am. I also bought TRAD this morning at $14.81 around the same time. Briefing.com had a nice tidbit come across their wire this morning on TRAD. Prompted me to make the play even moreso. I was looking for an entry anyway. NITE came up on a scan but I have been watching it form that cup since about mid-way up the right hand side of it.

I may be completely wrong but I think it is too early for NITE to run. Needs more consolidation IMO. I'd like to get in at a lower price. It's just my feeling on this... needs more time, but IF it does breakout, I'll probably be on it.

[skiracer]

Quite a list that you have here. Will you update after today? I'd like to have your narrowed opinon of these.

NITE does looks good for MT trade. Is today a proper entry point, though?

You may have missed the initial move on NITE. I did mention it 3 days ago on my thread. I took a position in it this morning at $17.81 around 10:00 am. I also bought TRAD this morning at $14.81 around the same time. Briefing.com had a nice tidbit come across their wire this morning on TRAD. Prompted me to make the play even moreso. I was looking for an entry anyway. NITE came up on a scan but I have been watching it form that cup since about mid-way up the right hand side of it.

everything's green for me this morning

I can't believe it. This joy just hasn't been sticking around all day lately. It's been very frustrating.

[peanuts]

Well, I would say, the probability of a profitable trade based on an anticipation of a C&H breakout is a function of your ability to detect the "temperature" of the market (or of the part of the market that highly correlates with the behavior of NITE shares). To the extent that you believe you have that information and that information favors the trade, then you do it in anticipation of the breakout. I'm talking about easing into the position, you know.

for C&H breakout, see SWHC, 9.12 was breakout, cup low was 7.15, target equals 11.11ish. Looks like there is still 10% left in it. I'm playing.

Intraday low volume "flush" in CTCM on Friday

Anyone notice that one, then see how she's acting today. I was puckering ... THERE was your market maker manipulation, my two cents.

Well, I would say, the probability of a profitable trade based on an anticipation of a C&H breakout is a function of your ability to detect the "temperature" of the market (or of the part of the market that highly correlates with the behavior of NITE shares). To the extent that you believe you have that information and that information favors the trade, then you do it in anticipation of the breakout. I'm talking about easing into the position, you know.

[peanuts]

...But the whole point of trading is anticipation and discernment of probabilities.

I wasn't clear in my post. I asked a rhetorical question. My opinon is that everyone and their brother is looking at NITE for a C&H breakout, and that is exactly why I would not initiate a position until it breaks out. There is some more room for consolidation, so I'm cautious of going long until that breakout is confirmed. Knight Capital has been a historical manipulator of stock prices back in the dot com days. I wouldn't doubt the same thing will occur with their own stock, but maybe I'm just paranoid.

For the C&H, you would buy after the breakout above the pivot (high point of the handle). But the whole point of trading (er, speculation, that is) is anticipation and discernment of probabilities.

[peanuts]

These stocks have charts and improving technicals such that I would expect gains over the next several trading sessions. Quite a few of these are "repeat offenders" in lists I posted the previous couple of weeks.

AXS
BBV, BGC, BLKB, BMR, BW
CMP, CSH, CVA, CVG, CVS
DFG, DIS
EQY, EXR
FORM
FORR high headroom to next resis
GBCI, GEO, GISX, GNW
HPT, HURN
JBX
MEOH, MON, MVL
NHP
NITE nice-looking C&H formation happening right now
NWL
PTV
RPM
SBS, SHOO, SJR, SLW, SNH
TDY, TNC
WEBX, WRI

Quite a list that you have here. Will you update after today? I'd like to have your narrowed opinon of these.

NITE does looks good for MT trade. Is today a proper entry point, though?

Results of research on Mon Sept 4, 2006

These stocks have charts and improving technicals such that I would expect gains over the next several trading sessions. Quite a few of these are "repeat offenders" in lists I posted the previous couple of weeks.

AXS
BBV, BGC, BLKB, BMR, BW
CMP, CSH, CVA, CVG, CVS
DFG, DIS
EQY, EXR
FORM
FORR high headroom to next resis
GBCI, GEO, GISX, GNW
HPT, HURN
JBX
MEOH, MON, MVL
NHP
NITE nice-looking C&H formation happening right now
NWL
PTV
RPM
SBS, SHOO, SJR, SLW, SNH
TDY, TNC
WEBX, WRI

A couple of these (DIS, RPM) show an ADX +DI/-DI bullish crossover below the 20 measure, which is my latest technical chimera to seek after.

After a first-pass review of these findings, the "A team" was down to only SBS, NITE, GEO, and FORM, although, CMP, BW, AXS, HURN, CSH, and MON are also pretty sweet, seems to me.

Very low -DI measures in my trading portfolio

Ctcm -di: 5.85
Sncr -di: 9.72
Vvi -di: 9.45 (only this stock's 2nd time below 10.0 in 20 months)
Snx -di: 8.78 (also showing its lowest -DI measure in 20 months)

I'm being patient with these children, but I'm not getting much satisfaction this week, or last week.

BAP has reached our 1R currently and so exit plan will begin. We will select the low of 8/3/6 to begin the ratchet. 16X.05=.80 or stop now at 31.39.

[peanuts]

Tried to bag some VVI and SNCR this morning. Missed the VVI I think, was hot on thin volume so I declined to pursue it.

I own VVI in my LT account, Park (not many shares as it is a new position). I like the earnings growth

This is a member of my Earning Growth list posted on my thread

Tried to bag some VVI and SNCR this morning. Missed the VVI I think, was hot on thin volume so I declined to pursue it.

(Finally got both, later in the day.)