Originally posted by New-born baby
Spike's Scientific Stock Analysis
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Time for Honesty on BNI
Originally posted by spikefaderWell it's been booming on the weekly and daily channels, and I think channels leave more room on the upside. Haven't done the count yet, but the 20 day charts shows a sell signal 2 days ago, and a double top with exhaustion gap on the 1st top, and the failure at the test with the 2nd. Arguably a SHS there too. Boy, that double top was the place to short it. But channel turn down today - check it again at close. Support seems to be 65.00, so you might get a 5 point drop in price. And just did the quick count on the daily and you've got 5th completion there, with the 'c' being the 69.25 low. So if that fails, there's your fuel to make money on selling the call (that's what you're thinking right?). Or an out of money cheap put play would work too.
You've got low volume gaps to fill tooGood luck. Might play this one myself.....
My view: I thought it looked extended already, so I consulted an expert: SPIKE!
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SMSC - what a crazy chart but went short!
Some of you might remember me of buying SMSC the day of the earnings and just avg. down (aginst all odds) from 30.50 all the way dwon to like 27.80. They reported very well and I sold it all back at 30.50 for a nice gain.
This was about 3 weeks ago. I did not touch the stock again, until today. But today, I started to short it.
Any comments? It looks to me like it can go back down to the 28.50 - 29.50 levels, and I look forward to covering there. To me, the upside run has been on smallish volume and will be met with resistance anywhere from 33 - 34.
Any comments?
THANKS as always!
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Originally posted by mystikySome of you might remember me of buying SMSC the day of the earnings and just avg. down (aginst all odds) from 30.50 all the way dwon to like 27.80. They reported very well and I sold it all back at 30.50 for a nice gain.
This was about 3 weeks ago. I did not touch the stock again, until today. But today, I started to short it.
Any comments? It looks to me like it can go back down to the 28.50 - 29.50 levels, and I look forward to covering there. To me, the upside run has been on smallish volume and will be met with resistance anywhere from 33 - 34.
Any comments?
THANKS as always!
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Originally posted by New-born babyI've got a friend who bought (Bullish!) the BNI $70 JAN calls. His plan: BNI is announcing earnings next week. Looking for BNI to pop to $76.+.
My view: I thought it looked extended already, so I consulted an expert: SPIKE!But what a chart!
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