Spike's Scientific Stock Analysis

[New-born baby]

Where's the Bear Charge?

Spike,

Remember the Bear Charge you used to have? I mean the full screen one, not just the avatar. Well, find it, will you? And get that bear suit on out of the closet.

Now, awful news all over the place for GM. I suggest you look into shorting it.

Bad News #1: The CEO, Rick Wagoner, some years ago, signed a put agreement with Fiat. It expires January 28,2005. IF Fiat exercises its put, GM has to buy the bankrupt company for $8 Billion! Wagoner flew to Italy to try to buy off the Italians for $1 Billion. Either way, GM loses.

Bad News #2: GM's bonds are going to be downgraded to junk bond status very soon. Healthcare costs last year were $5.3 Billion. They have more retirees than workers.

Bad News #3: GM Europe has been hammered.

Bad News #4: GM USA has declining sales--still.

So, rather than feel bad, we ought to short this company and feel better about the market!

[spikefader]

lol - OK New-born, you talked me into it
Bear suit is officially on again. The channel long day on the daily has failed now, and combine that with bearish vector then bullish optimism is out the window - at least for the time being. I'll be shorting QQQQ at the overnight gap fill should she get up there. If not, I'll reconsider after today. I really want a good entry and don't want to give much wiggle room. Thanks for the heads up on GM, will look at it right now and post a chart.

Best to ya!

[spikefader]

QQQQ good bear target is the 50% retrace.

Things to note: Remember the triple top phenomenon. They can be very good resistance. In this case, it was three strikes, you're out. This is why people sell at resistance, cuz ya never know, ya know?!

[spikefader]

GM: here's the weekly.
Might pay to wait for this short to mature - like a good wine, time can make all the difference. Nail a good entry at the right time, then you have an edge.
I'll do a daily chart for it now.

[spikefader]

GM daily - boy, what a classic weak chart.

[New-born baby]

Bears are drooling!

Spike,

Thank you! Now just this warning: ex-divy date is Feb 4. That is the only thing to worry about. Scottrade says that 7 days previous to ex-date, all shorts must cover. But after the ex-date, the Bears should pounce again! This thing is terrible. I love GM, but between crummy management and voracious unions, the big giant general is staggering. Whatever is bad news for the General is also bad news for US economy, too.

Did you note the volume today? 12 million shares, on a stock averaging about 3 million per day. And it has been the same for a week. Lots of people leaving the ship. Forget waiting for a spike upwards. What's to spike the price? Only the news that the Fiat deal won't happen at all. That's why you trade with a stop.

[New-born baby]

Eln

Spike,

How do you read ELN now? Is it worth a long? It seems to me that it might be worth a daytrade/swing trade. But I value your expert opinion.

Thanks! And if you are too busy, that's okay. Don't sweat it.

[spikefader]

...forget waiting for a spike upwards. What's to spike the price? Only the news that the Fiat deal won't happen at all. That's why you trade with a stop.

ya, tempting to chase it, but today gave a little strength to short into.

[spikefader]

Spike,
How do you read ELN now? Is it worth a long? It seems to me that it might be worth a daytrade/swing trade. But I value your expert opinion.
Thanks! And if you are too busy, that's okay. Don't sweat it.

No prob bro!
ELN the frustrating beast. I'm holding off until a channel long day. Nailing a good entry with this one sure is tricky.

[New-born baby]

ELN: Wild Thing

Spike,

This stock, I could never figure out what it is doing. I told myself I'd leave it alone, but the nice drop looks inviting with the new MS drug. Thank you.

[RL]

Bni

Spike NEW BORN gave some Info on BNI this morning great earnings. I checked the chart the best I can [thats why I throw darts] It has had a great momentum climb do you have any time to look at this.

[spikefader]

Spike,

This stock, I could never figure out what it is doing. I told myself I'd leave it alone, but the nice drop looks inviting with the new MS drug. Thank you.

lol - yeah, it's a nutso stock imho! Doesn't react to positive news well, doesn't follow technicals too well. Moves on it's own whim more often than not. I remember back when it dropped like a knife and I had put options for it - boy was that fun. I sold those things way too early! Pretty amazing recovery when I think about it. Got great potential for some some seriously quick downside if there is ever relatively bad news for it.

[df21084]

Hello Spike ...

What's your take on HDWR right now. Is this a good long opportunity? I saw the CEO of HDWR on Bloomberg this morning, and he stated that their June and September quarters are their strongest quarters.

I'd appreciate your input.

Thanks.

[spikefader]

Spike NEW BORN gave some Info on BNI this morning great earnings. I checked the chart the best I can [thats why I throw darts] It has had a great momentum climb do you have any time to look at this.

BNI: Sure has moved up nicely. Here are some thoughts. I'd be cautious of profit taking for a while, especially if 44.58 doesn't hold. On the daily, that's where some heavy volume by price would be failing, and where some high volume down days would have support broken.

[spikefader]

BNI: daily shows a light of hope in the form of C entry long. Reacting well to it today anyway....