TNH ==> The Houston Winner!

[jiesen]

I bought in again at $202 today... I doubled down my position in this one. I never do that (anymore), but I did it. This one is going right back up to $300.

[azpat0]

I bought at $279

I see by the charts that MAYBE $160 is a support. I'll not have funds to cost average down. Have lost about $8000 so far....Maybe it will turn around here and at least stabilize in the 190's. I hope.... Seems TNH allegedly sells of in the summer months and goes up in the winter months- at least that is what I gathered from the Yahoo boards. I should have only bought 10 shares and averaged down at these levels. Oh well.... My bad! Patrick

[Skrumpa]

x

TNH current price is $183.25. I'm just waiting for a durable bottom to be formed.

In the mean time I'm trading the inverse ETFs: TZA, FAZ, SDS, SPXU

My Current holdings: 60% cash and 40% inverse ETFs

[wooish]

Well my order got filled today at $184. If $185 doesn't hold, we'll see $175 very soon. I would like to buy some more at $165 if it goes there.

[Deaddog]

Well my order got filled today at $184. If $185 doesn't hold, we'll see $175 very soon. I would like to buy some more at $165 if it goes there.

What happened to:

I don't have a position yet but if it hits my buy at $188 I would set a stop loss at around $176-$177 area. If it breaks below $177, it could head to $109. I'm basing these # on both daily and weekly chart. Good luck.

Did something change on the chart to lead you to believe that 165 would be a good entry?

[wooish]

Deaddog

This is what I'm seeing and basing my buys on the following.

1. I lowered my initial buy at $185 (I mistakenly typed in $184 in my previous post). $185 is the 200MA on the daily. I got filled today at this price.

2. If it doesn't break below 176-177 which is the 50MA on the weekly, this can also be a good initial entry

3. $165 is the January 2012 low which it might retest so this should be a good buy point also.

The above is just my opinion so buy at your own risk. Since it's a Mr. Market's pick I have confidence in it's fundamental. On second thought, I personally might not put stop on it and might double down at $107 which is the 200MA on the weekly. If it ever goes to $107 and double down, my average is will be $146 in which my risk/reward is pretty good.

[Deaddog]

Thanks for the explanation Wooish.

Not considering a buy at this time. I’m purely a technical trader although it helps to have good fundys.

You have to wonder what would be the change in perceived value that would cause a stock to lose 40% of its value in 1 month. I’m always afraid of a change in the Fundys that hasn’t been made public.

I think it was Peter Lynch that said the safest way to catch a falling knife was to let it stick in the ground and stop vibrating before you grab it.

Right now the price has to increase 60% to get to Mr. Ms target.

I wish you the best of luck.

[Skrumpa]

Current support level is in the $155 area.

Looking for a bounce at that level.

[wooish]

Not looking good, it just broke through the weekly 50MA at $176. We'll see $165 soon.

[Skrumpa]

x

A few of my stock trading "rules" are keeping me out of this trade on the long side.

We are in a bear market right now. I Never go long or hold long in a Bear Market !!!

This stock needs to stop going down and build a base that I can buy off of. I might not get in at the very bottom, but who knows low it can go in this current market...
will it be start next week or next year ?

So, I never average down and I always use a 7% stop loss. Preserve capital... When this Bear market is over, there will be plenty of stocks ready and set up rocket up on the long side.

In the mean time I stay safely in cash and I trade the inverse ETFs like TZA, SOXS, FAS, SQQQ.

[Lucavia123]

If TNH can hold its 200 DMA this could be a great entry position. I will be watching closely in the next few days.

[wooish]

Looks like 200MA is holding up pretty well and have support in the 190-200 range. MACD is close to turning to positive. I may consider adding more if this level holds tomorrow.

[wooish]

Sold for 8%, not too bad. Market has been up past two days but this thing barely goes up and today it actually goes down opposite the market. May be it's consolidating but if the market goes down this one will go with it. Will wait and go back in when time is right.

[mrmarket]

Sold for 8%, not too bad. Market has been up past two days but this thing barely goes up and today it actually goes down opposite the market. May be it's consolidating but if the market goes down this one will go with it. Will wait and go back in when time is right.

It's gonna ride the commodity train...wait til Spain gets bailed out and the Euro gets stronger...choo choo!

[Deaddog]

It's gonna ride the commodity train...wait til Spain gets bailed out and the Euro gets stronger...choo choo!

Is it not better to wait in cash, just in case the train derails.