Spike's Scientific Stock Analysis

[spikefader]

what do u guys think of (WLV) ?

Good if you like it short. And I'm assuming you're looking for something to buy, right?
WLV seriously at risk of going to zero. Money flow poor. Currently in a 1 of 5 down after a 'C' short entry. Sure, it's near long-term support, but clearly in trouble. This is not the kind of stock you want to buy. Not much time to ponder your search criteria, cuz I have to keep this brief I'll just say you wanna look for great money flow, impressive bullish days with volume, healthy retraces, nice looking patterns, bounces at support, booming up through channels. Don't look for cheapies that are in trouble or have been in trouble, unless they build something impressively bullish first. Hope that helps.

[spikefader]

OPLK interesting chart. Good for review and potential stalking.

[spikefader]

Spike, your the man! How do you do it???

Lots of patience and solid system....... and lots of sleep! ya right....errr speaking of sleep, I'm turnin' in. PC on, alarms set, stops in place, and coffee maker programmed.

Hey speaking of caffeine, here's a web made by a spider with no drugs.....

,


and here's the web after it's given caffeine.......




maybe I shouldn't be drinkin' so much coffee!! heh

[mystiky]

Grabbed some SMSC today...

Spike,

Well, I grabbed some SMSC just above the 30 level. Lets see what good that will bring me later on in the day. But again, it's following the selloff patter on the day of the earnings release (as it has done so the past 2 Q's)

Appreicare your comments. Hopefully, I won't see it below $29 later on today!

SMSC minor channel long today, but no confirming pattern intraday that I like, so look for one! Vol by price support and longer channel support lower down at 28.00ish.

I'd recommend stalking tomorrow and Friday for a nice intraday inverted SHS or double bottom to take it long, with stop tucked under lod so hopefully a sub 2% risk stop. On the weekly it's showing it's done a 12345abc and another 1,2 so look for 345 perhaps to new 3-year highs, but not sure I'd hold it long while it sorts out that 36.50 price resistance. Which means if you get entry around 30.00 your logical target is 16%, which is good if you have a sub 2% risk I think.

But don't rush your entry; wait for perfection. And it's ok if you're working off a 15 min delay intraday chart. You can still attempt perfection; ya just not guaranteed of the best price if it runs fast.

OR you could just use the pivot point calculator to go for an S1 S2 or S3 entry. They are 30.66, 29.89 and 28.63. If you prefer this method rather than watching it, then I'd recommend put in limit to buy at 29.89 with auto stop at no worse than 28.99. That would make your target 22% and your risk 3% and a r/r of 7.3, which is pretty good and gives you some wiggle room And this way you've done it smart and kept a leash on it with a good solid plan in place. Only thing you need is patience for you entry, and ability not to feel bad if it takes off without you.
Webs knows all about that don't ya Webs! You've seen enough of your stalker stocks move without you. But that's the name of the game.

Good luck. Apologies Mystiky, no time tonight for charting.

[spikefader]

Tom,

DRL:

[spikefader]

Spike,
Well, I grabbed some SMSC just above the 30 level. Lets see what good that will bring me later on in the day. But again, it's following the selloff patter on the day of the earnings release (as it has done so the past 2 Q's)
Appreicare your comments. Hopefully, I won't see it below $29 later on today!

Did you attempt double bottom with that? It's lookin' good now athough I really like to see the perfect double bottom. It is acting well from 29.50 intraday low anyway. Expanding channel long with that pattern today looks good to target 36.50 or beyond if you're prepared to risk losing profits at double top resistance. It was just short today of a minor weekly channel long and that would have been nice to have, but anyway, you're in with a plan in place and a decent shot at 21% profit with conservative target, so good luck!

[skiracer]

I hope it turns out alright but it seems to be a very agressive play in front of the earnings report due AH. Also that short rise on decreasing volume looks like it could be a bull trap intraday.

[spikefader]

EMC thoughts:

[spikefader]

EMC intra

[spikefader]

I hope it turns out alright but it seems to be a very agressive play in front of the earnings report due AH. Also that short rise on decreasing volume looks like it could be a bull trap intraday.

Skeered of it? Ahh, it's just another valid play with r/r starin' ya in the face. Yep, earnings can surprize and it doesn't make sense 90% of the time, but it's still valid while today's low holds I think. Yep, it's lookin slippery but hey, look at that weekly and daily money flow!

[mystiky]

Spike / Skiracer,

Well, I guess I am not the happiest with the SMSC action (as of this typing, it's retesting a NEW DAYS low), but I have decided to hold it through the earnings.

Somehow, it still feels like it's a "shakeout" of shares...

I dont like to use the word HOPE when I am trading, but this has to be that "rare" case.

Skeered of it? Ahh, it's just another valid play with r/r starin' ya in the face. Yep, earnings can surprize and it doesn't make sense 90% of the time, but it's still valid while today's low holds I think. Yep, it's lookin slippery but hey, look at that weekly and daily money flow!

[skiracer]

Skeered of it? Ahh, it's just another valid play with r/r starin' ya in the face. Yep, earnings can surprize and it doesn't make sense 90% of the time, but it's still valid while today's low holds I think. Yep, it's lookin slippery but hey, look at that weekly and daily money flow!

Not afraid of anything Spike. Just trying to exercise good judgement in front of earnings report. It may go off or it may not but I just felt it was to aggresive a play for me in front of earning. I wouldn't want to be holding it now if I entered it at $30+. I actually like the chart but thought it needed some room to form that handle especially in front of earnings. But everyone is entitled to their opinion and point of view. All your points are valid.

I do like your take on ELN. I entered it at $12.65 the day before yesterday and held on thru that big drop. Had palipatations of the heart before it recouped and look at it today.

[spikefader]

Spike / Skiracer,

Well, I guess I am not the happiest with the SMSC action (as of this typing, it's retesting the lows of the day again for the 3rd time), but I have decided to hold it through the earnings.

Somehow, it still feels like it's a "shakeout" of shares...

I dont like to use the word HOPE when I am trading, but this has to be that "rare" case.

Ski nails the bulltrap call; nice one. I'd be taking my 2% hit and looking elsewhere mystiky. Leave hope at the door. It was what it was until it wasn't. And no matter what price does from here, there's no reason to like it long any more.

[spikefader]

ya, just kiddin with ya, cuz I'm sure you ain't! And it is good judgement to be cautious ahead of earnings. I looked for options for a hedge for mystiky and there aren't any, so I think now there's no justification for long. Good read.

[skiracer]

ya, just kiddin with ya, cuz I'm sure you ain't! And it is good judgement to be cautious ahead of earnings. I looked for options for a hedge for mystiky and there aren't any, so I think now there's no justification for long. Good read.

Spike,
Don't take me the wrong way please. I'm serious about my take on things when I post. It's not a matter of being right or wrong. I want to see the best for everyone and Mystiky didn't take either one of our advice. I hate to see someone take a hit just so I could be right. I'd rather be wrong since I'm not losing any money on it and neither are you. We both gave valid reasoning and this is just the way it came down.