Spike's Scientific Stock Analysis

[scifos]

Spike, any comments on ROV? Chart seems very bullish, but I'm new to charts and would like your opinion. Also, i've been eyeing IMCL and wondered if I had missed the boat so to speak.

[spikefader]

Spike,
Do you think MACE was a flash in the pan, givin that they are not as largely in defense as the jump would have us believe?
Thank you for input.
Margie

Yep - MACE looks to me like a reaction jump to the hype. I'd steer clear of it completely, unless you want to short it at some point at resistence, because I think there is more chance that we see a full 100% retracement of the move. I'll do a chart for it later, gotta fly.

Inside day today - breakout soon up or down.

[spikefader]

Spike, any comments on ROV? Chart seems very bullish, but I'm new to charts and would like your opinion. Also, i've been eyeing IMCL and wondered if I had missed the boat so to speak.

ROV's had a nice run up. The gap support/lower channel buy was the play, so boat is gone.

[Michaelk005]

Hey spike, when your free, chart TK..
My TA is showing another spike in price to about $67 or $69

[spikefader]

Hey spike, when your free, chart TK..
My TA is showing another spike in price to about $67 or $69

Might spike up, since just had a weekly lower channel buy signal, but the daily is showing weakness.

[spikefader]

FRN Long tomorrow.

FRN Update: Buy signal today. Long tomorrow as per instructions in graph. Suggest stop just below today's LOD of 18.15.

NB: Although the channel looks like today was the 3rd clear day above midline, that is because the reg channel has moved to show that. On those days, price still hugged the midline. Today is the first day to actually clear it and this show of strength can be bought aggessively at S1 or S2 (intraday support levels 1 or 2) with stops under today's LOD and targeting 24.50.

[mimo_100]

MrMarket Top Five rejects

Spike,

Here are some nice looking ones that were recently bypassed

As you noted, FRN looks higher.

Also, OTL from 3/26.

In addition, HZO, recently sold, continues on.

Tim

[FundaMental1]

WFII

Spikefader,

I've beening following WFII for some time now and watched it swing between $12 and $18 per share for an extended period of time. It's currently sitting in the $10.50 range and it's fundamentals are solid (40% top line growth, 32x LTM PE, 23x forward PE) and it's in a great space. thinking about entering at these levels (earnings are on the 27th of this month however which makes me skittish). what do you think of the stock's technicals? as always, thanks for your analysis.

[spikefader]

Re: MrMarket Top Five rejects

Here are some nice looking ones that were recently bypassed. As you noted, FRN looks higher. Also, OTL from 3/26. HZO continues on.
Tim

Yep, all three lookin' strong.

[ForeverInvesting]

MAGS

Spikefader,

I have seen your most recent update on MAGS. Do you think it will hold $30 which is the 38% retracement level? It looks like $30 may hold. Is your TA for MAGS the same as in your last update?

Thanks,
Michael

[spikefader]

LONG setup CDE

Took a position long CDE at $5.40. Stop is at 5.06.

[spikefader]

Re: MAGS

Spikefader,
I have seen your most recent update on MAGS. Do you think it will hold $30 which is the 38% retracement level? It looks like $30 may hold. Is your TA for MAGS the same as in your last update?
Thanks,
Michael

Hey Michael. Latest thoughts on MAGS. The aggressive long position from 28.00 did GREAT!
This morning there was a logical exit at the upper channel for a very handsome 33% gain.
I don't know if it will hold 30. If you are long, I would bail on it if the red line doesn't hold. It would make NO sense to hold on with hope only, as you watch it retrace to look for support at the 50% or worse, 61.8%.
If you're considering a position, I would hold off until there is a bullish channel break, and look to enter at a lower channel.
My experience is that after the kind of moves we've seen, the stock will get jumpy as it oscillates to a point of equilibrium as the hype dies down. There are better longs out there right now.

[spikefader]

Re: WFII

I've beening following WFII for some time now and watched it swing between $12 and $18 per share for an extended period of time. It's currently sitting in the $10.50 range and it's fundamentals are solid (40% top line growth, 32x LTM PE, 23x forward PE) and it's in a great space. thinking about entering at these levels (earnings are on the 27th of this month however which makes me skittish). what do you think of the stock's technicals? as always, thanks for your analysis.

I'd pass on WFII.

[carribean_mike]

Spike your chart analysis is impressive. I continue to study your charts to learn. I am curious as to how you develop your watch list. With so, many stocks in the universe - how do you zero in on potential buys.

I noticed that you purchased CDE. What is your current thinking of Gold and Silver? Maybe you can do a chart on the HUI. Thanks

[spikefader]

FRN update.

FRN: Didn't give me the entry I wanted today so I passed on it. Looking at the daily candle, I suggest waiting for lower channel entry.