Tweet
QQQQ long at 38.29. Stop under lod.
Attached Files
-
greetings Spike,
The hardcore E wavers over aat E-Wave are looking at NT,
It was beat up bad last year,talk about buying into weakness,Im thinking about buying some in my IRA,and letting it cook for the 20yrs I have left to work.
any thoughts?
cordially TomComment
-
Pretty bearish lookin' chart to me. There's a channel short day last Tues at 3.62. The weekly channel short at 5.12 is still running, and the channel from the Nov low has rolled over to bearish. The chart's whispering lower prices to me, and if 3.00 doesn't hold, it may fall back to the bigger 2-year weekly channel currently at 1.00. There's plenty of other good lookin' charts out there imho. Do you have a chart showing why the E-wavers like it? Based on my channel analysis, the best place to buy into weakness for NT would be to wait for some panic - maybe the falling lower channel from the top - at around 1.80 to 2.00, and if it's in the long-term port, double up if it falls all the way to 1.00.Originally posted by ThomrichComment
-
NT, the bank robber
Thomrich,
I ought to keep my mouth shut. I know that, but I am having a hard time keeping quiet lately. I apologize in advance about what I am going to write.
Last Feb, Jim Cramer recommended this stock heavily. I took his "advice" and it fell like a rock. You see, the CEO, the CFO, a whole bus load of V.P.s, and other assorted mafia were fired last March for overstating earnings for the last four (4) years. It seems NT didn't earn any money after all; they pulled a Canadian Enron. (NT is a Canadian company). My question would be: is Enron still around? Was it a good buy on the way down? A friend of mine threw money at K-Mart as it declined and it finally went bankrupt, and left him and all stockholders holding the bag. The white collar gang formed a new company called K-Mart Holdings, but the previous shareholders get nothing, while the K-Mart Holding shares are $130+. United Airlines: a wounded dog that is surely going to die. Yet people buy its shares, perhaps because it is cheap. I like Spike's counsel: there are better charts and better stocks out there.
If you want to throw something in your portfolio for 20 years, why not buy a Canroy and earn 15%+? I think the long term prospects for oil and natural gas are pretty good.
Best investing to you. Always.Comment
-
Greetings ,
My bad,they're talking about shorting it actually,I misinterpreted what they were implying,sometimes they talk among themselves cryptically,usually I dont know what they're saying.
cordially TomComment
-
New-born,
You mentioned the new K-mart and there's something that has always puzzled me about it. As you said, the shareholders in the old K lost everything, yet the new K did well almost entirely on the basis of their assets, those being the billions in real estate , bought through the generosity of their former shareholders. Maybe someone can explain the loophole that allowed this to happen. You can bet the wheels are turning in some crooked CEO's head right now and this will be repeated. It might be legal , but it's not moral. No, I never owned stock in K-mart.
billyjoeComment
-
K-Mart's bankruptcy
BillyJoe,
The bankrupt laws of the United States are immoral. You asked about "the loophole" that allowed K-Mart to go bankrupt, and default on all its debts and shareholders. The problem is with your question: loophole should not be singular, but plural: "the loopholeS."
My problem and yours is avoiding these crooked CEOs. I got stung three diffo times by the corporate mafia, and I want to stand away from them.Comment
-
SVSE.ob are ther call letters. You have helped me out on this one earlier also posted a chart . You went as far to say to hold out till it droppes to a buck, Still holding.
Originally posted by spikefaderGO BIG RED!!!!!Comment
-
Oh yeah, thanks. I remember now. The C correction hasn't really developed the way I'd like, as it's turned into a abcde, and tempting to enter at current prices. The recent channel short day has had it's high taken out, but price stalled. I'd be tempted to chase a channel turn up for this one....look at the recent 1.24 high. If a channel from there turns up (closing basis) then it might be worth taking it long from that closing price. Stop at 0.94 is a whopping 20%, which I dislike immensely. 1.08 is better, but still ouchie. May work out better RR to wait for a blue channel entry near the volume by price support.Originally posted by MEA_1956Attached FilesComment
-
-
Iig
spike can i get another analysis on IIG, still remains strongComment
-
Sight I Just Found
TAKE A LOOK AT THIS ONE GIVES UP TO THE MINUTE PRICES & EARNINGS & CHARTS I THINK I'TS ALL FREE DO NOT HAVE TIME TO CHECK IT ALL OUT ON THE WAY OUT.Ray LongComment
Comment