Spike's Scientific Stock Analysis

[carribean_mike]

IBD100 #1 stocks are snake bit. Some after they are dropped from #1. Others while they are #1 like ESMC. MIDD is the next one. Spike what does your charts say about shorting MIDD.

thanks

[spikefader]

NUTR - remember long from back at 20.00. A couple of nice targets too.

[spikefader]

Re: ESMC

Spike,
Did you grab any ESMC, nice call.

No I didn't, wasn't available when I checked but nice move! Charts don't lie.....only people do

[spikefader]

IBD100 #1 stocks are snake bit. Some after they are dropped from #1. Others while they are #1 like ESMC. MIDD is the next one. Spike what does your charts say about shorting MIDD.

thanks

Midd is a nice long at current levels But there is possible 5 wave move, so tight stops naturally. Closed right at S2 intraday support, so long there is good.

[IamOrion]

ESMC

I checked through Scottrade, and they didn't have any either. How often you come across stocks that you cannot short through Interactive brokers? I see alot of nice short set-ups and I would say atleast half the time Scottrade does not have the shares...

[IamOrion]

SAFM

Covered my SAFM for about a dimes worth of profits.

[kingofthehill]

SPIKE , how is my baby ELN looking... i smell a new leg up starting

[spikefader]

Re: ESMC

I checked through Scottrade, and they didn't have any either. How often you come across stocks that you cannot short through Interactive brokers? I see alot of nice short set-ups and I would say atleast half the time Scottrade does not have the shares...

Too often! Actually, it's not so bad. It's usually the less traded/lower volume stocks. It's not so bad if there are put options to trade. I've never called to ask for a broker to look for shares to borrow, but I know people who have, and their broker has gone and found some to borrow for them. Make a call and see if they'll do it.

[spikefader]

SPIKE , how is my baby ELN looking... i smell a new leg up starting

I'm smelling it too. No recent lower channel entry yet, but I'm watching

[Websman]

SPIKE , how is my baby ELN looking... i smell a new leg up starting

I'm smelling it too. No recent lower channel entry yet, but I'm watching

Since I missed the boat on NUTR, I guess I'll be watching ELN with You guys.

[IIC]

SPIKE , how is my baby ELN looking... i smell a new leg up starting

I'm smelling it too. No recent lower channel entry yet, but I'm watching

Since I missed the boat on NUTR, I guess I'll be watching ELN with You guys.

Well, Maybe you missed NUTR(me too)...but I am holding onto RELV...same group...Won't be the next USNA or TASR but I still like it...IIC

[spikefader]

Speaking of RELV. Hope you don't mind it being a case study IIC, but there's a good lesson on a common reaction at significant channel resistence. By the way, the channel from 12.24 turned up and gave another lower channel entry 4 days ago! Looking bullish, so your hold has paid off.

[IIC]

Speaking of RELV. Hope you don't mind it being a case study IIC, but there's a good lesson on a common reaction at significant channel resistence. By the way, the channel from 12.24 turned up and gave another lower channel entry 4 days ago! Looking bullish, so your hold has paid off.

Spike...I know you are right...But I'm in it for the Long Term now...LOL

This market has been CRAZY this year...not for the faint of heart IMO

[spikefader]

Yep - but market's always nuts
Long term for RELV huh? Well, I hope my fears don't come to fruition. It's had a 5 wave move, got an ugly SHS, channels proving resistence. Three good reasons to be careful on the long side.

[IIC]

Here's another one of mine that doesn't look so hot...I may take profits early if it doesn't head up tomorrow: