Spike's Scientific Stock Analysis

[spikefader]

Re: DRAX

Spike,
I really like your charts, especially the comments. Thanks for your time on this. I owned DRAX for three months now (entered at 3.70). Watched it to hit 5.90 and dived to 3.81 as today. I kicked myself for letting 50% profit slipping away. Could you help me to analyze this stock to see if I should still hold it and wait it to bounce back, or completely out of position. It does have very strong EPS and RS rating.
Thank you very much.

Thanks, and you're welcome.

You've got yourself a frustrating one there; sorry to read you let that 50% get away from you. We've all done it, so join the club.

In hindsight, this chart shows you that you had 2 warning signals up around 5.00; the channel turndown and the hole in volume by price. That was the place to close it for 35% profit, and maybe look to reenter down the road.

If it were me, I'd close tomorrow or set breakeven stop. Don't hold it and watch it turn into a LOSS!!!!! I'd wait for the red channel touch. Once it touches, you wait for a pattern to enter. You might just nail a perfect entry

[spikefader]

SPF Update:

The perfect entry could have been achieved yesterday at any of the black circles. Logical stop is under low on the day Ernie entered.

[yaoyao]

DRAX

Thanks for your advice on DRAX. THere was news coming out last night about an aproved drug. I'll hold on it for now. I'll definitely use the chart to determine my exit ooint next time.

Another question. how often do you examine the charts for a particular stock? It doesnt look like change much as long as there is no big price/volume move.

Thanks.

[spikefader]

Re: DRAX

Thanks for your advice on DRAX. THere was news coming out last night about an aproved drug. I'll hold on it for now. I'll definitely use the chart to determine my exit ooint next time.
Another question. how often do you examine the charts for a particular stock? It doesnt look like change much as long as there is no big price/volume move.
Thanks.

Alright then, good luck with it. Whatever you do, don't let a great profit turn into a loss - please put stop to even! You WILL regret it later if you don't do it, trust me. FYI, today it has already failed once at intraday R1 (resistence 1) at 4.01 (which also happens to be the 20 day reg channel midline, so that R1 is strong. The pivot is 3.91, so if that pivot fails, it's not good. Also remember that news often gets sold. I think you're holding a stock with more chance of going down than up right now. But if you are following your rules, then good for you!

To you question, if I'm long or short a particular stock, I'll always either have an eye on the chart or have alarms in place if I'm not.

[yaoyao]

DRAX

Thanks for your advice on DRAX. THere was news coming out last night about an aproved drug. I'll hold on it for now. I'll definitely use the chart to determine my exit ooint next time.

Another question. how often do you examine the charts for a particular stock? It doesnt look like change much as long as there is no big price/volume move.

Thanks.

[spikefader]

Re: DRAX

Déjà Vu or there's an echo in here

[spikefader]

MACE update for short:

further to this chart:

http://img47.photobucket.com/albums/v145/spikefader/Trading/MACE_short.jpg

[spikefader]

BEL UPDATE:

For those long this stock, I'm rooting for a recovery for you all. Here is the setup I see for tomorrow:

BEL double top today is what the smart shorts are waiting for. Today's daily channel action signals bullish breakout, so I'd give this short one attempt short right here at 13.48, with stop at 13.51 and if it fails, walk away from it completely.

Stopped out for -.03 and no significant damage, yet gave a really valid setup a chance for a perfect entry. All you BEL longs can breath a sigh of relief, because this could head north now, with a failed short setup like that one. The next real resistence will be the gap.

[spikefader]

GGI update: no longer bearish!

[noshadyldy]

Thanks for posting the update on MACE for shorts. I've been short since 5.90 and 6.16. (Actually, i've been short since the 1950's but we won't go there) Good things in small packages, no?
Anyway, I think i'll hold onto those shorts of mine for awhile, since I know as soon as I let go of them, there will be no more available. Also my brokerage doesn't allow shorts under $5.
Also, I'm going nuts with MAGS. I couldn't decide today whether it was a long or a short. Well, it's tanking alright but not without taking me with it. RATS! Shall we short that too? How far?
Thanks.
Margie

[spikefader]

Thanks for posting the update on MACE for shorts. I've been short since 5.90 and 6.16. (Actually, i've been short since the 1950's but we won't go there) Good things in small packages, no?
Anyway, I think i'll hold onto those shorts of mine for awhile, since I know as soon as I let go of them, there will be no more available. Also my brokerage doesn't allow shorts under $5.
Also, I'm going nuts with MAGS. I couldn't decide today whether it was a long or a short. Well, it's tanking alright but not without taking me with it. RATS! Shall we short that too? How far?
Thanks.
Margie

Nice. Good luck with it.
for MAGS:

[spikefader]

Mace bear flag today. And below blue support is good

[IIC]

Spike...Could I trouble you for one of your famous charts/analyses on my largest holding...WITS...up over 6% A/H on eps/guidance...THX in advance...IIC

[spikefader]

Spike...Could I trouble you for one of your famous charts/analyses on my largest holding...WITS...up over 6% A/H on eps/guidance...THX in advance...IIC

Lookin' good for you! Target is 21.42 - had you been watching and got the 10.80 entry on the intrady SHS break, and say it hits target, that's 98% return

[noshadyldy]

Thanks Again, Spike. Much appreciated.

margie