MY PICK IS ELN

[spikefader]

my stop 23.51

yes, new-born, it's sure had a great run.
trade 'em as ya see 'em

[spikefader]

Ya know what......I was thinking I probably shouldn't be posting short trades against a position you're holding. It's pretty inconsiderate when I think about it. I apologize.

That will be my last posted short for ELN, or any stock I know someone else is holding long. But perhaps you/others would still be interested in technical charts for reasons to be cautious on the long side???

[New-born baby]

Don't Stop Now!

Spike

PLEASE, PLEASE do not stop posting on ELN or any other stock. I want the informantion--trade 'em as you see 'em. I do ot think it is rude at all. If all we wanted on this site was a bunch of "yes" men, then there would be no purpose to having this forum. Dissenters are welcome, as far as I am concerned.

So please keep posting them as you see them.

[New-born baby]

How long will you ride your short?

Spike

How long will you ride the short of ELN? I would like the information for my own personal education. And congrats to you on the $$ short.

[spikefader]

Re: How long will you ride your short?

Spike

How long will you ride the short of ELN? I would like the information for my own personal education. And congrats to you on the $$ short.

Thank you, but it's early days. Only time will tell if this gives rewards. I'll ride this until I get a bullish signal or 5 clear waves down on daily, perhaps 15.00, or gap fill, depending on what the chart tells me to do.

The fact is, ELN does have a bullish case, as King points out. But whether or not buyers want to step up to the plate is yet to be seen. Many times I have seen stocks that have good news fall victim to fear and retracements of very bullish moves, like ELN has had. I remember when I shorted ELN a couple of years ago, that it fell fast and furious. What the market gives, the market can just as quickly (usually more quickly) take away, leaving people with stunned looks Pharmaceutical companies are volatile and anyone/everyone who participates in trading them will learn to appreciate that fact soon enough. This is why stops are so important!

[spikefader]

[New-born baby]

Thanks, Spike

Spike

Thanks for the lunch money. My wife wanted me to take her to dinner, so I shorted ELN for the change to take her out. 20 minutes, $230.57--almost covered the bill. Thanks!

I'll probably short the thing again, or maybe I'll buy the thing again, depending upon what I think will happen. Please keep us informed.

[spikefader]

WTG new_born. Glad you got some of it.

[Websman]

Spike,
Are you sure your not Psychic?

I dumped OFG after you gave your analysis, and, once again, you were right. You saved me from a bigger loss. Thanks!

You could make a fortune by starting your own newsletter. You could be like William Oneil. Instead of IBD it would be SBD. "Spikes Business Daily"

[noshadyldy]

I agree with the others, Spike. Don't stop posting your thoughts, trade 'em as you see 'em and speak up. I scramble for, and gather up the pearls of wisdom that spew from your mouth. (graphic, no?) So... spit 'em out.

many thanks for all you share.
margie

[spikefader]

Spike,
Are you sure your not Psychic?

I dumped OFG after you gave your analysis, and, once again, you were right. You saved me from a bigger loss. Thanks!

You could make a fortune by starting your own newsletter. You could be like William Oneil. Instead of IBD it would be SBD. "Spikes Business Daily"

Good for you Websman. Glad you feel better now that you're out. Good control there pal. It's hard to bite the bullet and you did it. Now remember, the stock may end higher than you sold, but there's no valid reason to buy it - technically that is....YET. You may get a good opportunity to re-enter it when it makes sense to. If it doesn't give you that perfect entry, just keep waiting and looking elsewhere. The patient early bird gets the worm. You've got to wait until the chart is absolutely screaming at you that it's a value buy, and you've got to be early enough in the entry to minimize your risk.

Perhaps one day I'll start a newsletter . We'll see. Thanks for the encouraging words.

[spikefader]

I agree with the others, Spike. Don't stop posting your thoughts, trade 'em as you see 'em and speak up. I scramble for, and gather up the pearls of wisdom that spew from your mouth. (graphic, no?) So... spit 'em out.

many thanks for all you share.
margie

lol ya, graphic! well, glad you can find some pearls. I think I may have hijacked King's thread though, so perhaps I'd better take it to my thread. The last thing King probably wants to see in here are people gunning for the short side!

[spikefader]

[spikefader]

[New-born baby]

Double-bottom test on Monday

Spike

The test has been rescheduled for Monday. The market is up too much today.

EDIT: You are right, Spike It broke the neckline. Monday I am going to short this thing and let it ride.