Spike's Scientific Stock Analysis

[spikefader]

Bidding 10495 for YM; see if she comes back for me.

[mystiky]

NL (NYSE), another Cramer pump?

Hey Spike...

I know you look only at charts, but I just tocied that one of last Cramer's pumps (from last Friday) is NL. It seems that usually his pumps work for 2-3 days and then jsut start heading lower. A good example is HOKU, LF, CPST, RVSN....

What do you think on NL chart? Looks like near 20 might be a good spot for a quick short for a cover around 18.40's? Looking at the history of the stock, it likes to give back its gains.

What your thoughts?

[skiracer]

Bought a pile of SNAK today between 5.23 and 5.10. Can't believe that after missing it, due to procrastination the last time it was down around 5.20 a couple of weeks ago, that I missed it again yesterday around 5.37. I didn't miss it today an actually averaged out at under 5.20. Anyone else pick up any of this one today?

[Runner]

Bought a pile of SNAK today between 5.23 and 5.10. Can't believe that after missing it, due to procrastination the last time it was down around 5.20 a couple of weeks ago, that I missed it again yesterday around 5.37. I didn't miss it today an actually averaged out at under 5.20. Anyone else pick up any of this one today?

Good job SKI, I was following this one for awhile and dropped it. Looking at the chart looks like it may be sitting on the first layer of support @ 5.03 on a daily. Next level and I think is stronger is around 4.50. Best to ya with this one. It looks over due for a bounce!!

[spikefader]

Bidding 10495 for YM; see if she comes back for me.

Filled this afternoon 35 point stop targeting 205 point (10700) at this stage.

[spikefader]

Bought a pile of SNAK today between 5.23 and 5.10....averaged out at under 5.20. Anyone else pick up any of this one today?

Not me bro. Took my medicine and stepped aside. It has work to do to get me bullish on it again. Good luck though.

[spikefader]

Hey Spike...

I know you look only at charts, but I just tocied that one of last Cramer's pumps (from last Friday) is NL. It seems that usually his pumps work for 2-3 days and then jsut start heading lower. A good example is HOKU, LF, CPST, RVSN....

What do you think on NL chart? Looks like near 20 might be a good spot for a quick short for a cover around 18.40's? Looking at the history of the stock, it likes to give back its gains.

What your thoughts?

That is very likely a runaway gap, and it's booming at the moment, so careful shorting that kind of strength. Here's what I'm seeing out of it:

[dmk112]

Good job SKI, I was following this one for awhile and dropped it. Looking at the chart looks like it may be sitting on the first layer of support @ 5.03 on a daily. Next level and I think is stronger is around 4.50. Best to ya with this one. It looks over due for a bounce!!

Yep I think it will bounce to about 6 - good area to sell.

[New-born baby]

Snak

What do I know? Not much. But SNAK seems like it wants to practise the golden rule (i.e. a 61.8% pullback). That's $4.40 for the bottom, if that's true). Even then I am looking for the double bottom to enter.

But why not this idea: if not long, why not short? It isn't just going to sit there. One of the two has to be right.

[dmk112]

Spike, any way to connect IB to QT? When I select IB from the list it doesn't ask me for the username and pass but rather for an IP address... help?

[skiracer]

What do I know? Not much. But SNAK seems like it wants to practise the golden rule (i.e. a 61.8% pullback). That's $4.40 for the bottom, if that's true). Even then I am looking for the double bottom to enter.

But why not this idea: if not long, why not short? It isn't just going to sit there. One of the two has to be right.

Tomorrow I'll give an explanation of what and why I made the entry in SNAK today at this level. As far as if not long why not short why not go to Vegas or Atlantic City and just bet whatever you have in your kick on the red or black or the come or pass. The odds are probably better or certainly just as good an it's alot faster and much less painful.

[skiracer]

Yep I think it will bounce to about 6 - good area to sell.

Exactly what I had in mind. With what I bought today an at 6, which I don't see as improbable from here, I would gladly exit and take that .80 gain on my shares and the position. But I'll explain my rationale for the position tomorrow. If it goes wrong I'll be out before it hits 4.83.

[spikefader]

IIC!!!!

WITS bullish breakout from long-term broadening

[spikefader]

WITS daily warns time to start looking to take profits though. That count looks pretty good for an abc correction to 19.50 or so. You may not want to mess with it though considering the breakout though.

[Thomrich]

Greetings Spike,

Did you exit HTE?It is not responding like I anticipated,wondering if its attempting to fill the gap up from the mid 20s.Any thoughts?

cordially Tom