Spike's Scientific Stock Analysis

[IIC]

Spike,

Can you take a look at KOSP, It gapped today nicely missed it by .30 on my limit order this morning. Is this chaseble?

I tried the 2 week trial on R/T alerts at Yahoo back in Feb '04...Now I get an alert on KOSP

[spikefader]

Spike,

Can you take a look at KOSP, It gapped today nicely missed it by .30 on my limit order this morning. Is this chaseble?

I think so as far as technicals, but is the r/r worth it.

Weekly channel turn up this week, daily channel turn up today. Long at 54.29 closing price or tomorrow's intraday pivot. Stop is tricky though.... putting it in the recent gap is 5% risk and too rich for me.

[spikefader]

DRL: An ugly stock in review; a lesson for new traders.

Previous posted DRL chart in this post here

Today, here is the damage.


I'll say it again;
There's no safety net, but for the ones we create for ourselves! So trade 'em smart.

[New-born baby]

Drl

Spike,

Should have entitled you last chart of DRL as "DRL's Last Stand." Sure looks like they are all going to get massacred.

On the opposite side, GM is up $2.37 this morning on news that sales wasn't as bad as March. Just a temporary short squeeze, IMO. Over 10% of the stock was short . . . .

[yaoyao]

Mflx

Spike,

Is there anyway to get out of MFLX with less loss? it reported (beat est. by 4 cents) after hour yesterday, and gapped down big time today. I've hold it for several months now.

Thanks.

[undecided]

ZICA has been moving the last two days.

[Thomrich]

Greetings.

Spike your call on ZICA was right on.Could this be the start of a big move?Volume seems kind of light.

LEXR is working nice also,yet volume on that is light too.

BTW GM stock is being bought by Kirk Kerkorian at $31.00,25 million shares worth.
Short position seemed too good to be true.

Also DHB has been busting a move.Death rattle?

cordially Tom

[spikefader]

Spike,
Should have entitled you last chart of DRL as "DRL's Last Stand." Sure looks like they are all going to get massacred.
On the opposite side, GM is up $2.37 this morning on news that sales wasn't as bad as March. Just a temporary short squeeze, IMO. Over 10% of the stock was short . . . .

Yep, I should have

Yes, GM not interesting me at the moment. I'm distracted

[Thomrich]

Greetings,
As I type at 11:30 ctn,LEXR appears to my untrained eye to be forming an ascending triangle,with volume right at 4.92 intraday,would this be the point to watch for an upside break?

cordially Tom

[B.J]

Spike, back to MTXX... I noticed a channel break to the downside yesterday, although it closed right on it. Considering it made a big move today, my question is: if a channel is violated intraday, but closes within it, is the downside break then invalidated?

Earnings are tomorrow, so there's no way I'm chasing it. Just for my education

Thanks in advance.

[spikefader]

Spike,

Is there anyway to get out of MFLX with less loss? it reported (beat est. by 4 cents) after hour yesterday, and gapped down big time today. I've hold it for several months now.

Thanks.

Dude; sorry to hear it. Reminds me of the previous post I made about MFLX with an apt picture I attached to the post lol http://www.mrmarketishuge.com/showpo...&postcount=154


Also goes to show that even if a company BEATS it's vulnerable. See the reality is that a stock can be bought on the rumor it's going to beat, then when the news comes out, it's sold to take the profits of the rumor. Thus the very common expression 'buy the rumor; sell the news'. Even though it FEELS senseless price action based on the news it isn't really senseless. It simply means that a long at the news release is poorly timed, since the news has been already 'factored' into the stock price and the news is no longer relevant to the question of bullish movement, but rather to profit-taking.

As far as the chart goes, the weekly channel is at 13.54, daily channel 14.08, so those are a valid targets for anyone short. Then you've got the gap fill area of 12.85 (remember the discussion about whether gaps fill in previous MFLX discussion). Maybe MFLX wants to fill the gap. Vol by price is thin down to 10.70 so it's certainly very vulnerable, and you may be wise to cut your losses now. Having said that, price support seems there at 15.00 so maybe give it one last chance?? I dunno; I'm attempting to help extricate yourself, but it difficult. This is why I prefer my usual method of tight stop; so I don't have to deal with these types of situations. Did you start with an exit plan for this one, or was this a floater? Also, to help next time, check out the daily channels. Your optimal time to exit was the expanding channel short day recently at 20.80 on 22 April. That was the whisper.

Best of luck dude!

[spikefader]

Greetings,
As I type at 11:30 ctn,LEXR appears to my untrained eye to be forming an ascending triangle,with volume right at 4.92 intraday,would this be the point to watch for an upside break?

cordially Tom

Greetings
I note the channel turn up at close yesterday. This green lights a long at the closing price or the pivot at 4.73. But the intraday pattern of ascending triangle opens the door for a 4.95 long with a 4.91 stop. All valid entries until proven otherwise. Good luck.

[spikefader]

LEXR I just note the break up that was sold so that rules the triangle out.

[spikefader]

Spike, back to MTXX... I noticed a channel break to the downside yesterday, although it closed right on it. Considering it made a big move today, my question is: if a channel is violated intraday, but closes within it, is the downside break then invalidated?

Earnings are tomorrow, so there's no way I'm chasing it. Just for my education

Thanks in advance.

Can you post a pic, I'm having trouble seeing the channel break down. Or where are you drawing the channel from/to? Oh, if you mean intraday channels, I don't use 'em; don't like 'em intraday.

[B.J]

I was referring to this, Spike:



Does the recovery invalidate the breakdown?

Footnote: didn't know it, but all this time all I needed to do was "print screen"