Bullish stocks near support

[wooish]

OK I'm joining you guys, just got filled GMCR Sept $25, small position but will buy more to scale in. Wow I'm on a buying spree, today I bought GMCR, GE Sept $16, BWLD Sept $45, NYB Oct $17 and DIA June $103 calls.

[riverbabe]

Ok, I know it's been crazy out there but, I really like GMCR. I am long on this one. I bought some September $25 calls today. GMCR ranks very high in earnings, revenue and growth. Investools has a projected price of $137.82. Gross profit went from $177 million in 2008 to $250 million in 2009. NET income went from $22 million to $56 million during the same time frame. Also, take a look at the earnings estimates. I am lovin' me some coffee today. Seems like people will always drink coffee and buy clothes, shoes, beer and liquor in good times and bad.

Steel, I really like this one too. Bot it 4/28 in the PM when it dropped after earnings (73.93). Nice 3 for 1 split this week. I have a Keurig single-cup coffee maker and buy all those brands of K-cups from GMCR/Keurig. Good stuff and growing business!

[steelman]

Green Moutnain Coffee Roasters

Ok, I know it's been crazy out there but, I really like GMCR. I am long on this one. I bought some September $25 calls today. GMCR ranks very high in earnings, revenue and growth. Investools has a projected price of $137.82. Gross profit went from $177 million in 2008 to $250 million in 2009. NET income went from $22 million to $56 million during the same time frame. Also, take a look at the earnings estimates. I am lovin' me some coffee today. Seems like people will always drink coffee and buy clothes, shoes, beer and liquor in good times and bad.

[steelman]

Bearish

It might be time to change this thread from Bullish stocks near support to Bearish stocks near resistacne

[steelman]

Here's what came up tonight.

SFSF Successfactors, Inc.
CPHD Cepheid
EMS Emergency Medical Svc
SCLN Sciclone Pharm.
ASPS Altisource Portfolio Solutions

I believe these will do really well this week if the market trend goes UP.

[steelman]

Thanks Billy,

When I was trading stocks my exit was when 3 things would happen. These would not necessarily happen on the same day.
1. If the price dropped below it's 30 day MA
2. Stochastics dropped below 75
3. MACD went negative

If all 3 of these are in place I could sell. However I had been setting a stop at 3% below the current price at this point because I didn't want to lose out on a bounce at support. I would always take profit at 15% unless these indicators suggested the stock is still moving up. Or I would ask Ski where he thought it would be headed, LOL

My entry has always been the complete opposite.
1. price moved above it's 30 day MA
2. Stochastics was above 25 and still turned up
3. MACD is positive and still turned up.

Since I have slowly moved into options, all these still hold. I still look at these for my entry and exits.

[billyjoe]

steel,
This is a great thread with unlimited potential, but I have a few questions. At the Barchart.com website they seem to use your support point as their pivot point with a lower number for support. Here's what they have today.

Stock------Closing Price------Pivot-----Support

TTC-----------55.16-----------55.38------54.13

HOG----------32.91-----------33.23------31.92

FAST---------54.98-----------55.02------53.67

UA------------34.01-----------33.95------32.99

TDY-----------43.41-----------43.41------42.61

HTZ-----------12.93-----------12.97------12.48


I think you're talking about the same thing using different terminology. Assuming most of these break out above current levels do you have a set sell point in mind or do you adjust based on moving resistance? Thanksv and keep up the good work.

-----------billy

[steelman]

I just came back from vacation. I wasn't really able to keep up on everything and saw some crazy swings in the indexes over the last 8 days..wow! My search at the end of trading today brought these 6 bullish stocks near support.

TTC Toro Company
HOG Harley Davidson
FAST Fastenal Company
UA Under Armour Inc.
TDY Teledyne Technologies, Inc.
HTZ Hertz Global Holdings, Inc.

Dow was down 114 today. I hope it's time to back over 11,000 tomorrow. If it does, these should do well.

[steelman]

[QUOTE=skiracer;104894]

what did you buy those Aug $10 calls at steel? i think i'll be buying some of them tomorrow at under $1 around .95 or so.

Ski, I bought them at 2.25.

[skiracer]

[quote=skiracer;104893]what did you buy those Aug $10 calls at steel? i think i'll be buying some of them tomorrow at under $1 around .95 or so.

[skiracer]

I got in at 2.25. I feel good about this one. It doesn't look like much is holding it back and Investools has a projected price of $579. Seemed like a safe play.

I am still trying to get my head around HOV. What a nice pick you had!??!?! I took a little of the profit and went back in on the $10 August calls.

what did you buy those Aug $10 calls at steel?

[mrmarket]

I did pick up some ALXN $60 August calls today.

I think ALXN's PE may be a little understated...it looks like they took a big one time tax gain last quarter which led to a swell in earnings.

[steelman]

those calls were up .55 today. what did you get in at.

I got in at 2.25. I feel good about this one. It doesn't look like much is holding it back and Investools has a projected price of $579. Seemed like a safe play.

I am still trying to get my head around HOV. What a nice pick you had!??!?! I took a little of the profit and went back in on the $10 August calls.

[skiracer]

I did pick up some ALXN $60 August calls today.

those calls were up .55 today. what did you get in at.

[steelman]

I did pick up some ALXN $60 August calls today.