Spike's Scientific Stock Analysis

[jiesen]

Well well well. It hit the gap fill target I mentioned earlier, and it just get worse.... weekly channel turn down and falling from heavy vol by price. This is what can happen after a weekly double top, then a big channel bust, gap down on volume. Learn from it, move on, and wait for the next setup. I wonder how many people who read all the posted TA held on anyway.... Is OFG an open MM pick still, I can't remember.

guilty as charged.

yeah, it's still a $$MM pick, and yeah I'm still holding a quadruple position in it, mainly because I forgot that I had a mental stop at 12 on half of it... DOH!

Still, this is trading below book, the dividend is 5%. The stock is probably getting hit right now because the latest news is that trading is halted--- but that only goes for management participating in their stock purchase plan. The stock is an amazing misunderstood bargain right now, even with the rates rising like they are. I don't think I'll be losing money on my $13 shares. I may even decide to pick more up under 11... though that is pushing it, even for me- diversificationally speaking.

[Websman]

You better keep a close eye on that ELN short Spike. It could pop any day now.

[spikefader]

You better keep a close eye on that ELN short Spike. It could pop any day now.

Well thank you for the kind reminder to take care of business Mr. Vulcan. I've got my alarms set and I'll quietly root for my position and try not to get too happy if I'm right. Will your premonitions come true, or will TA show you up? I dunno but it's fun either way. Bottom line is it's a valid technical play. Hope it doesn't crush you on a gap down. If it pops, it pops, and I'll take my medicine and move on. I'll also celebrate your profit with you.............or offer condolenses as the case may be. haha.

[Websman]

Well thank you for the kind reminder to take care of business Mr. Vulcan. I've got my alarms set and I'll quietly root for my position and try not to get too happy if I'm right. Will your premonitions come true, or will TA show you up? I dunno but it's fun either way. Bottom line is it's a valid technical play. Hope it doesn't crush you on a gap down. If it pops, it pops, and I'll take my medicine and move on. I'll also celebrate your profit with you.............or offer condolenses as the case may be. haha.

I love this game. Hahaha!!!

And if you win...I will be the first to congratulate you.

[billyjoe]

spike,
What's your opinion on American Bulls ? Just accidentally came across the website. Heard of it before , but with so many sites it's hard to separate the good (Mr. Market) from the bad (get rich quick.com). Thanks


billyjoe

[spikefader]

spike,
What's your opinion on American Bulls ? Just accidentally came across the website. Heard of it before , but with so many sites it's hard to separate the good (Mr. Market) from the bad (get rich quick.com). Thanks


billyjoe

Haven't seen that one before, but looks interesting.

[Websman]

spike,
What's your opinion on American Bulls ? Just accidentally came across the website. Heard of it before , but with so many sites it's hard to separate the good (Mr. Market) from the bad (get rich quick.com). Thanks


billyjoe

I actually posted a lot of their predictions on my thread a while back. I's say that they were right about 50% of the time.

[RL]

Billy I followed Amer Bulls about 3 months think my darts are better or maybe a coin

[billyjoe]

Webs,
I can live with 50% , but of course I wouldn't buy without further investigation.


billyjoe

Ray,
You know I always place great value on your dart throws . Just between you and me , do you have any TASR type throws you could let me in on ?

[New-born baby]

Thank God for TA

Well well well. It hit the gap fill target I mentioned earlier, and it just get worse.... weekly channel turn down and falling from heavy vol by price. This is what can happen after a weekly double top, then a big channel bust, gap down on volume. Learn from it, move on, and wait for the next setup. I wonder how many people who read all the posted TA held on anyway.... Is OFG an open MM pick still, I can't remember.

If you remember back when OFG was still a $30 stock, Spike was calling out across the forum: "Caution Longs!" I took his advice and bailed. OFG was my first MM buy. I lost some change on it, but not like I would have if I had held on. I later made most of the losses back daytrading it. It used to open up .30 lower every day, then make its way back up to +.20. I could pick up shares at the open and sell them by 9:30 and get my lost money back.

All I can say is: Thank God for TA.

Hey Spike, did you see ACI and BTU pop up $5+ today?

[billyjoe]

Spike,IIC, Webs, New-born, others,
I've heard lots of good things about poormans and from all I've read and observed he seems very reputable with little ego, a rare trait in this business. He mentioned somewhere on his site the number of subscribers and it was shockingly low in my estimation. It must be hard for anyone to make a buck these days. Keep up the good work you guys it's greatly appreciated although you don't get enough credit for your efforts.

billyjoe

[Websman]

Spike,IIC, Webs, New-born, others,
I've heard lots of good things about poormans and from all I've read and observed he seems very reputable with little ego, a rare trait in this business. He mentioned somewhere on his site the number of subscribers and it was shockingly low in my estimation. It must be hard for anyone to make a buck these days. Keep up the good work you guys it's greatly appreciated although you don't get enough credit for your efforts.

billyjoe

Poormans has an excellent service. His wisdom is amazing. I highly recommend anyone to try it out.

But, what's wrong with having an ego? lol

[skiracer]

I actually posted a lot of their predictions on my thread a while back. I's say that they were right about 50% of the time.

I can remember when Webs first mentioned it. I go there everyday just to look and see what they have to say about my positions an others on my watchlist. I also like the small writeups on the different candle patterns. Somewhat informative but the best parts are almost everyday they say the same thing about all the candle patterns, "showing a trend reversal or normal trading conditions but not a reliable indicator or might show a change in trend but not to be relied on". Mildly entertaining stuff. I kind of like it just for the stuff they write on the candle patterns. They probably have a guy there who figures he can write anything an alot of people will follow their lead. At least you'll learn the names of a number of types of candlestick patterns. It's just that none of them are reliable according to them.

[diogenes]

I actually posted a lot of their predictions on my thread a while back. I's say that they were right about 50% of the time.

Someone, no I do not remember who, did a study on candlesticks and found that a flip of coin had the same probability of success.

[skiracer]

Diogenes,

I've gotten to know Poormans, Bruce, pretty good over the last few years an in my estimation he's as on the ball a guy with all of this as any of us. He's his own man and has created his own discipline and style which has a proven track record of big time winners. He was the first on board with a number of big gainers including DHB which he gave me in the low 7's an I traded in an out of a number times to 20 or so. I would listen very closely to anything he had to say about stocks an as far as being a straight up guy he's right up there with the few people at the top of my list. I just wish he would come over here and post.