Spike's Scientific Stock Analysis

[IIC]

SIRI up .34!

I'm rolling in money!!!


bwahaha....err....BWHAHAHA!!!!!!

BWAAAAAAAAHAHAHAAAAAAAAAAAAAAAAAA!!!!!!

sorry....I just needed a moment to express my emotions...

carry on...

And it is up A/H today too...another 5 cents

[spikefader]

Hey SPikey, ...Also no need to chart but keep your eye on CSCO for a nice move up....

Needs to get busy!

[spikefader]

It was a nice bounce from that FIB support. Nice call, Spike. Hope we have another couple of days like this, then we are really in a rally.

I've put another two stocks on my watch list: UHCO and WIBC. Which do you like better chartwise?

Thanks.

Ya, it was. For those that missed it, FIB support for compx http://www.mrmarketishuge.com/forum/...&postcount=981
FIBs can be significant!

UHCO and WIBC, I'll post asap!

But first glance, UHCO has channel short day 4 days ago at 12.65, which was resistence today too! Needs to take that for me to take my bear suit off for it.

WIBC has a channel turndown happening today ....

[Websman]

SIRI is up again!!!

BWAAAAAAHAHAH!!!!!! YEEEEHAAAA!!!!!!!!!!!

NUTR is UP!!! I've got to take off to Orlando in a few moments...I may just sell NUTR for a small profit! Life is good!

[The Photon]

Uhal

Spike: Please tell me what you think, I have been in long since the march madness pool- what can you make of this movement- tia the photon

[spikefader]

Re CDIS http://www.mrmarketishuge.com/forum/...&postcount=994

Short 35.91, stoploss @ 36.30, target is lower blue channel on daily (29.00), so risking 1% for 19% gain.

[spikefader]

MRK got some pretty bad VIOX news today. Quite a gap down, and if the HOD stays in place, I put a downside target on the stock at $25.00.

Looked for early intraday resistence today, and spotted this, so this morning I bought a couple of MRK October 30 Put options for $0.20 just for some fun. Risking 40 bucks to gain possibly 500 bucks should MRK hit my target price of $25.00.

[Michaelk005]

No chance in hell I'd be stepping into MRK's waters right now. But as a side thought,do you think this could have a possitive effect on other meds, for instance ELN?

[spikefader]

No chance in hell I'd be stepping into MRK's waters right now. But as a side thought,do you think this could have a possitive effect on other meds, for instance ELN?

LOL fair enough! But what keeps you out? Emotion? If so, why let emotion get in the way of a brilliant technical reason to get in - a fabulous gap down extention target?

For those unfamiliar with it, it is a pretty reliable setup. If the gap is X, then the extention target is 2X. The only variable is the timing, and the entry can be tricky. But with such bad fundamental news re VIOX, one is left with a very good reason to believe that any move from today will be relatively swift, so I risked October expiry. If I'm wrong, then I've only risked a tiny sum of $40. That's the great benefit of buying options - the limited risk one is exposed to!

To answer your question of effect on other meds like ELN, yes, perhaps, although I'm TA cautious on ELN right now since that channel turn down.

[spikefader]

Spike: Please tell me what you think, I have been in long since the march madness pool- what can you make of this movement- tia the photon

Congrats. You could target the upper purple channel currently at 46.10 and rising....or you could be a complete pig and go for the upper blue channel which is off the charts.

[spikefader]

UHCO and WIBC, I'll post asap!
But first glance, UHCO has channel short day 4 days ago at 12.65, which was resistence today too! Needs to take that for me to take my bear suit off for it.
WIBC has a channel turndown happening today ....

Here ya go Yaoyao.
UHCO nice move today to break the channel short. Now targets 14.00 on the daily and 16.00 on the weekly.



As for WIBC:
Daily is currently bearish after the orange breakdown, but is setting up a wedge with flat channel....
The weekly shows that recent low of 28.30 was a channel long week, and targets over 35.00 - pick your channel. But 28.30 must hold.

[yaoyao]

Thanks, spike. I didnt buy either one and decided to pass. There are better charts. Here is another two: ELOS and FHRX. THey both broke out today and has potential to go up. I would like to buy one of them at pivot tomorrow. Don't know if it would give me the entry.

[Michaelk005]

LOL fair enough! But what keeps you out? Emotion? If so, why let emotion get in the way of a brilliant technical reason to get in - a fabulous gap down extention target?

For those unfamiliar with it, it is a pretty reliable setup. If the gap is X, then the extention target is 2X. The only variable is the timing, and the entry can be tricky. But with such bad fundamental news re VIOX, one is left with a very good reason to believe that any move from today will be relatively swift, so I risked October expiry. If I'm wrong, then I've only risked a tiny sum of $40. That's the great benefit of buying options - the limited risk one is exposed to!

To answer your question of effect on other meds like ELN, yes, perhaps, although I'm TA cautious on ELN right now since that channel turn down.

MY emotion never gets in the way of my trades. ITs the emotions of 145 000 000 other traders that worries me, strong indications or not, as a precaution and from past trading experience i will let other people decide the direction of a stock with this powerfull amount of news for the first week or two, then ill make my move.

[Bruceaholic]

I have a question. I'm VERY new to all this, and apologize in advance if this seems like a stupid question. Is it a good or bad thing when a company files for an Universal Shelf registration statement? Or does it matter in the long term?
Thanks..

[jiesen]

depends on a lot of things: mostly whether they have a good plan for using the money they're raising, and how much money it is, whether they really need it, if it's expected, if management is likely to just burn through it and return nothing to the shareholders, or if it'll be money well spent... things like that. To answer your question- yes, it matters very much long term when a company announces more shares are to be available to be sold to raise capital!

The shareholders will ask themselves- do we trust management to not blow this money? If the answer is no, they sell and stock goes down.