Spike's Scientific Stock Analysis

$pike:
Tradin' SUF today. Explosive move up from $6.60. You can buy the stock for $7.50 and sell the $7.50 MAR calls for $.95. That's about 12.66% in less than one month . . .

Unless it closes at $6.55, in which case your total return is 0%. That's always a possibility.

[spikefader]

YM swing long 11105. 30 pt stop.

[New-born baby]

Suf

$pike:
Tradin' SUF today. Explosive move up from $6.60. You can buy the stock for $7.50 and sell the $7.50 MAR calls for $.95. That's about 12.66% in less than one month . . .

[New-born baby]

Nothing

Yup. Gobbled up that 2.7% risk as the ascending pattern failed.....actually double bottom entry at 27.45 with 1% risk stop under lod is another good r/r setup usin' the old buy support mentality.

No option chain on this one. You'd think that they'd have one on a $28 stock. That may be why HURC fell as hard as it did.

[spikefader]

HURC: If the lod fails, it's probably going straight to 26.50 gap support; another good play to risk 1% on it. If that fails, the gap fill support for another 1%? That'll be 5.7% allocated in 4 setups; pretty conservative way to play it. And if they all fail, you don't want it long. The gap up was high volume, so failure of the gap is very ominous for it.

[New-born baby]

Vlo

Spike and NBB,

I'm holding some VLO Jan 07 $60 call options. Got caught in the drop. It sounds like you might be recommending to let this go here. Any recommendations?

Adam

My view of VLO is that shortterm, VLO may retrace back to $48. But I see VLO bouncing up towards the $60 mark in May to retest the previous $63 high of earlier this month. I am bullish on oil stocks for 2007. I foresee $80 oil this year.

I personally own VLO, and I have sold the $70 Jan 07 calls at $4.00 (covered today at $3.50) and then resold them today for $3.80 and (I hope a little later today, $4.00). I'll take $73.80+ for what I currently own, plus the divies are coming for lunch money.

[spikefader]

HURC trading at the bottom of the days range. $27.77 down 22%

Yup. Gobbled up that 2.7% risk as the ascending pattern failed.....actually double bottom entry at 27.45 with 1% risk stop under lod is another good r/r setup usin' the old buy support mentality.

[Adam]

HURC trading at the bottom of the days range. $27.77 down 22%

[spikefader]

Spike and NBB,

I'm holding some VLO Jan 07 $60 call options. Got caught in the drop. It sounds like you might be recommending to let this go here. Any recommendations?

Adam

Hey Adam. I posted some charts recently for VLO; I think around Feb 2 that suggested possible stall, and then the broadening bearish pattern chart that targeted 44.00. That's what the pattern targets, so whatever worth you see in that. You can use the search feature to track down my posts, or just review recent pages.

In your favor you've got a major channel long last week. I note 56.85 earlier in the week was expanding channel short, but today is channel long. So there may be your fuel to ignore that bearish broadening target....if it can get over 56.85 that would be a strong indication.
If that weekly channel long of 47.99 doesn't hold, 44.00 should come quickly.

Good luck dude, hope that's helpful in some way.

No, I meant buy support. That yellow line is the area you want to buy on a return of price to that support.

Oh, okay. I wasn't sure what you meant. Thanks.

[Adam]

Spike and NBB,

I'm holding some VLO Jan 07 $60 call options. Got caught in the drop. It sounds like you might be recommending to let this go here. Any recommendations?

Adam

[spikefader]

CERS is taking a few shots in the head right now . . . down $.60

Yep; it fell out of it's '3' up Doh. Should have stopped ya out fer even if I was tradin' it. Tested the 'c' today and has held thus far....so much for that rounding pattern.....

[spikefader]

NB,

Glad you were able to houdini your way outa that one dude (USG). I was worried when my replies went unanswered you may have been stuck in bilgewater.

You get the harry houdini award of the month! hehe

[spikefader]

Swing long YM 11104. 30pt stop

Another push. Next.

[Rob]

Nvda

Spike, I'd be interested in any T/A you might offer on NVDA. I've added some Rev. & EPS nos. too. To me this is looking pretty good.