Spike's Scientific Stock Analysis

[IIC]

Spike...Maybe I missed it???...But do you have any fave chart patterns?...I know none are 100%...But some that you feel are more reliable/predictable than others?...Wish me luck on the WITS announcement A/H tomorrow(On Thurs)

[spikefader]

Good luck!
My fave patters would have to be head and shoulders and double bottoms. I like waves, but I'm not a purist and haven't studied EW deeply.

[spikefader]

Cubemap update:

For some reason my charts are showing a bearish Vector on a closing basis yesterday. That means the bearsuit is back on. I'll remap later, got some things to do now.

Just closed QQQ long for breakeven.

[spikefader]

QQQ
Short QQQ at today's intraday pivot @ 36.05

[spikefader]

..............

[kingofthehill]

what about that little Ireland based Biotech ??

...ELN..

[New-born baby]

Pwi

Spike, and Thomrich,

Thomrich is looking to exit PWI at 22.00 after purchasing it at 21.74 yesterday. Yesterday was the last day one could buy the stock and still get the dividend of .30, payable Nov. 15. You'll need to hold PWI thru the record date of Oct 22. My question: why sell a stock yielding 16%? And why dump it before the record date and lose that dividend? That .30/share every month (I mean, every month!) is kinda nice. It sure beats trying to out smart this current market. I'm keeping my dividends.

[tokyojoeskid]

Lci

Any thoughts or comments on LCI spike? looks like a possible break out from 52 week low. On forbes 200 list, insiders bought around 14.
thanks
TJK

[spikefader]

what about that little Ireland based Biotech ??

...ELN..

Ya, how bout that! Last 3 days just been chuggin along pushing that channel up and wider.....and if it takes out 23.90, then the channel short play from 13 trading days ago is over. The frightening thing about ELN right now is the huge width of the big channel from the 16.45 low.....the channel is about 10 points wide! I'm not ready to enter it yet.........but I'll sure ring the bell when I am.

[spikefader]

Spike, and Thomrich,

Thomrich is looking to exit PWI at 22.00 after purchasing it at 21.74 yesterday. Yesterday was the last day one could buy the stock and still get the dividend of .30, payable Nov. 15. You'll need to hold PWI thru the record date of Oct 22. My question: why sell a stock yielding 16%? And why dump it before the record date and lose that dividend? That .30/share every month (I mean, every month!) is kinda nice. It sure beats trying to out smart this current market. I'm keeping my dividends.

Nice divident sure. Holding long makes sense to me - it's lookin' pretty bullish. Just had a channel turn up from the top - indicating higher prices...

[spikefader]

Any thoughts or comments on LCI spike? looks like a possible break out from 52 week low. On forbes 200 list, insiders bought around 14.
thanks
TJK

Ya, looks like the start of a good move. Will it want to fill that gap first or not?? Don't really like the pattern, but I'm liking it long just the same.

[Thomrich]

beating the dist.

Spike, and Thomrich,

Thomrich is looking to exit PWI at 22.00 after purchasing it at 21.74 yesterday. Yesterday was the last day one could buy the stock and still get the dividend of .30, payable Nov. 15. You'll need to hold PWI thru the record date of Oct 22. My question: why sell a stock yielding 16%? And why dump it before the record date and lose that dividend? That .30/share every month (I mean, every month!) is kinda nice. It sure beats trying to out smart this current market. I'm keeping my dividends.

Actually the strategy is to beat the dist.which is .23 us currency.After the 15% canadian tax,its down to about .21 us.

This all go's out the window now that these are not dropping after ex-date.
Up until 2months ago a 6mo. chart showed a great swing trading pattern like clockwork.

With hedges expiring soon,dist. should be ramping up substantially.JMO

cordially Tom

[Thomrich]

As an example,this month Ive traded EENC twice with deltas much higher than the monthly distribution,PVX for a .41 swing in 2days,and now PWI for .28 plus dist of .23 if I hold on.The beauty of it is you can move from one to another through out the month,as they all pay on varying days of the month.

If I could read charts like Spike I'd be much further ahead,but even my limited experience has made this my best trading month in a crap market.

Ill keep you up to date on my progress.

BTW watching TMWD tonight,could be big.

cordially Tom

[Thomrich]

greetings,

TMWD up 8% 15mins before closing,heres hoping.Any thoughts Spike from a charts standpoint if this is going anywhere?

cordially Tom

[kingofthehill]

Eln ...$24.20!