Spike's Scientific Stock Analysis

[spikefader]

Greetings,

Spike Im definitely looking on the short side of things lately,Along with my POTW pick VC,LEA is at 10 yr lows,and could wind up like DCN,which was at 18 less than a year ago.

Im also looking at PBT,looks like a tumble could occur if it breaks 15.Charts coming soon,Im busy polishng my ''grill''.

cordially Tom

Ya, me too. I've been watching LEA too. That'll be at 14.00 in a few weeks I think and 11.00 within a couple months at most.... Now just to find a good r/r setup!

[spikefader]

I signed up with IB Friday. Lets see how it works out. First cool thing I have noticed there that I can transfer all my account holdings from Ameritrade to them online and free!!

Good move. You will enjoy the platform and speed at very competitive prices. Read the TWS manual asap Good luck.

[mystiky]

Iiin

Hi Spike,

This market is pretty tough. Sitting all in cash as I type this in.

Anyhow, I found IIIN today. What the heck is going on there. Talk about RSI.... It's been up for 17 out of last 18 days (and 30 out of 32)...

Very tempted to short it, but wondering what power is driving it every day. Seems like 42 was the first resistance it has met in a long while. But really, is it a resistance?

Good louck drawing 1-5 and a-c on that chart! It's impossible! So, is it still only on 1?

Would love to HEAR from you. I think even "Steckler" was stumped....

[spikefader]

BTW how do you like my platinum grill?I figure I'll put my money where my mouth is.

cordially Tom

lol Ya, I laffed when I saw that. Are they Jaws out of 007?

[Rob]

What Is It?

Sign up with IB.
Why?
Because you can sell an option for 75 cents. You buy/sell stocks for .01 per share for the first 500, .005 per share for all the next ones. Inexpensive

Sounds cool. What's "IB"?

Tom, cool avatar... are those diamond teeth?

Greetings,

Not Diamonds,$1000,00 an ounce platinum.I keep my investment with me always,as long as someone doesn't punch me in the mouth.

cordially Tom

[New-born baby]

Welcome to the Bigs, Alice!

I signed up with IB Friday. Lets see how it works out. First cool thing I have noticed there that I can transfer all my account holdings from Ameritrade to them online and free!!

Alice,
Welcome to the Big Leagues! Now you can trade with the Big Boys--Spike, for instance. Never heard of anybody regretting moving over to IB. Never.

[dmk112]

Greetings,

Hey Spike,concerning my past input on HGT,I mentioned they cut the dist level,and since its been dropping hard.Is there any short left in that one?I think you had it in a triangle,would this harsh break be tradable?

BTW how do you like my platinum grill?I figure I'll put my money where my mouth is.

cordially Tom

Tom, cool avatar... are those diamond teeth?

[spikefader]

Greetings,

Hey Spike,concerning my past input on HGT,I mentioned they cut the dist level,and since its been dropping hard.Is there any short left in that one?I think you had it in a triangle,would this harsh break be tradable?

BTW how do you like my platinum grill?I figure I'll put my money where my mouth is.

cordially Tom

Wow, you're right HGT is getting smacked.

Yep, it's broken that triangle with some force.......and significant price support... but I would wait to see the closing value of the currently weekly candle. I think if it closes below 30.80, then it's acting really bearish on bollinger bands and is suggestive that it has more downside. Then it would be well worth stalking any stregth to resistance with good r/r setups, looking to target last year's 21.89 gap, or 27% profit from current levels.

Holler when you short and I'll consider it.

Good luck!

[spikefader]

Oh, and scifos and mystiky, apologies for forgetting to reply to your GOOG and CRY questions. Do you still need an opinion?

[spikefader]

Newborn,

That CERS call advise is interesting stuff. One day I'll get my head around how you think about selling covered calls.

For CERS, here's what I calculate.

The stock dropped 8.3% today. The calls dropped in value to $0.30x0.50. So the money received from the buyer of 10 calls to cover 1000 shares of CERS stock, totals $1100.

The 8% hit on the 1000 CERS shares today was an $870 loss in stock value. And the calls dropped to 0.30x0.50, so effectively you could buy the calls back for say $400 and you've just made $700, most of the loss you experienced in today's hit in the CERS stock. One would only be down $170 instead of $870.

Had CERS rallied hard is what I would like to ponder more......how much the calls would have popped to....and whether holding 1000 shares of the stock would cover the losses experienced in the short call position. Opinions on what those calls would be worth had the stock popped 8.3% today?

See that's the concerning element if selling calls......the significant risk if in the money calls pop hard. I have a suspicion ( a guess ) that had the stock rallied 8.3%, those calls would be worth a premium of well over the value of any gain in stock price one would have made. And if so, then how do you manage that risk. It would be a frustrating thing to see your stock rally well, only to see you experiencing pain on the call options. So NB, exactly how do you deal with that situation?

Thanks for your contributions to the forum dude.

[spikefader]

Hi spike, just a little experiment with your CERS charts:



(I left out the third image)

I just used the same deep links to ImageShack as you use on your site, wrapped in a [ url= ] pair to the article on your site for the commentary. Even the invisible third image links to that article! Perhaps this is something to play with.

Regards,

Karel

That's really cool Karel, thanks dude. I'll test it out!

Greetings,

Spike Im definitely looking on the short side of things lately,Along with my POTW pick VC,LEA is at 10 yr lows,and could wind up like DCN,which was at 18 less than a year ago.

Im also looking at PBT,looks like a tumble could occur if it breaks 15.Charts coming soon,Im busy polishng my ''grill''.

cordially Tom

[alice4321us]

Here's excellent advice:
Sign up with IB.

I signed up with IB Friday. Lets see how it works out. First cool thing I have noticed there that I can transfer all my account holdings from Ameritrade to them online and free!!

Greetings,

Hey Spike,concerning my past input on HGT,I mentioned they cut the dist level,and since its been dropping hard.Is there any short left in that one?I think you had it in a triangle,would this harsh break be tradable?

BTW how do you like my platinum grill?I figure I'll put my money where my mouth is.

cordially Tom