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  • New-born baby
    Senior Member
    • Apr 2004
    • 6095

    Ceo

    Looking for a recent breakout with potential for excellent upside in a crummy, bearish market? Here's one I like: CEO. Yup. It just brokeout of a triple top formation, on decent volume (not crushing volume like I want, but still, on above average volume), and offers an excellent option chain to carry you through. And it sport massive support at the $82 level, so the downside risk is limited. Sitting right at the $90 marker today, with $100 1st target, and $116 2nd target.

    pivot calculator *current oil price*My stock picking method*Charting Lesson of the Week:BEAR FLAG PATTERN

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    • IIC
      Senior Member
      • Nov 2003
      • 14938

      Originally posted by New-born baby View Post
      Congrats to you and your father on the successful surgery. Lots of folks have benefitted from the heart technology that has been developed. May the Lord grant your father many happy years.


      Well...He and my Mom are on this road trip right now...No schedule...They dont answer their cell (Only outcalls)..Just driving all over the place...Got an email yesterday...Rawlins WY...They just keep going and going and going...IIC
      "Trade What Is Happening...Not What You Think Is Gonna Happen"

      Find Tomorrow's Winners At SharpTraders.com

      Follow Me On Twitter

      Comment

      • IIC
        Senior Member
        • Nov 2003
        • 14938

        Originally posted by ninner View Post
        i work for the fire department as a fireman!!!
        ninner...On the West Coast we call it "FIREFIGHTER"...IIC
        "Trade What Is Happening...Not What You Think Is Gonna Happen"

        Find Tomorrow's Winners At SharpTraders.com

        Follow Me On Twitter

        Comment


        • Originally posted by New-born baby View Post
          Looking for a recent breakout with potential for excellent upside in a crummy, bearish market? Here's one I like: CEO. Yup. It just brokeout of a triple top formation, on decent volume (not crushing volume like I want, but still, on above average volume), and offers an excellent option chain to carry you through. And it sport massive support at the $82 level, so the downside risk is limited. Sitting right at the $90 marker today, with $100 1st target, and $116 2nd target.


          NB, the Ind Oil & Gas group is approaching a possible triple top. I’d be cautious at this time in this sector. If it can manage to bust out look out as CEO should sail to your price targets.

          Comment

          • ninner
            Senior Member
            • Dec 2004
            • 524

            id be careful anyways

            i wouldnt open any new long postions right now anyways...too risky..i think it will be another down week imo.

            Comment

            • New-born baby
              Senior Member
              • Apr 2004
              • 6095

              Originally posted by Runner View Post
              NB, the Ind Oil & Gas group is approaching a possible triple top. I’d be cautious at this time in this sector. If it can manage to bust out look out as CEO should sail to your price targets.
              Thank you Runner and Ninner for the warnings. Yes, I agree: caution in this market is a must. Taking a long here would be supported by the sell of a call, and the purchase of a put. That DEC call looks good, and the put would be purchased on the first pullback day. In fact I just checked the crude futures tonight and I see crude is already trading down $0.65. Looks like a pullback day on the oil stocks.
              pivot calculator *current oil price*My stock picking method*Charting Lesson of the Week:BEAR FLAG PATTERN

              Comment

              • New-born baby
                Senior Member
                • Apr 2004
                • 6095

                Originally posted by IIC View Post
                Well...He and my Mom are on this road trip right now...No schedule...They dont answer their cell (Only outcalls)..Just driving all over the place...Got an email yesterday...Rawlins WY...They just keep going and going and going...IIC
                I stayed in Rawlins, WY last year for a night. Glad to hear that they are enjoying life
                pivot calculator *current oil price*My stock picking method*Charting Lesson of the Week:BEAR FLAG PATTERN

                Comment

                • ninner
                  Senior Member
                  • Dec 2004
                  • 524

                  Ngps

                  this one looks interesting..it pulled back almost to the 20 day moving average. i see some resistance around 42. but i like that if u look at the slow stochastics they are making higher lows which may mean the trend may be a strong one. Friday was abit of indecision day however, but i believe the bullish engulfing signal is still valid

                  Comment

                  • spikefader
                    Senior Member
                    • Apr 2004
                    • 7175

                    Originally posted by New-born baby View Post
                    CEO: Looking for a recent breakout with potential for excellent upside in a crummy, bearish market? Here's one I like: CEO. Yup. It just brokeout of a triple top formation, on decent volume (not crushing volume like I want, but still, on above average volume), and offers an excellent option chain to carry you through. And it sport massive support at the $82 level, so the downside risk is limited. Sitting right at the $90 marker today, with $100 1st target, and $116 2nd target.
                    Great pick, New-Born. http://technicaltrades.net/bollingerbands&psar/ceo.html
                    Keep up the great work and thanks for all the ideas you throw out there!

                    Comment

                    • New-born baby
                      Senior Member
                      • Apr 2004
                      • 6095

                      Originally posted by spikefader View Post
                      Great pick, New-Born. http://technicaltrades.net/bollingerbands&psar/ceo.html
                      Keep up the great work and thanks for all the ideas you throw out there!
                      Thank you, Spike. And please comment anytime on anything thrown up on my thread. Oftentimes others can pick up on something I have missed!

                      Oil is pulling back in the premarket. That might make an excellent opportunity to pick up some CEO at the breakout marker of $86.00.
                      pivot calculator *current oil price*My stock picking method*Charting Lesson of the Week:BEAR FLAG PATTERN

                      Comment

                      • New-born baby
                        Senior Member
                        • Apr 2004
                        • 6095

                        Originally posted by ninner View Post
                        this one looks interesting..it pulled back almost to the 20 day moving average. i see some resistance around 42. but i like that if u look at the slow stochastics they are making higher lows which may mean the trend may be a strong one. Friday was abit of indecision day however, but i believe the bullish engulfing signal is still valid
                        Ninner,
                        Incredible that I almost posted on this one Saturday, but was too tired to throw it up on the board. Yes, I have been watching NGPS and I like what I see. About a year ago I traded this one in the $22 range. Looks like I should have just held it for a year, doesn't it?

                        NGPS recently had a triple top breakout and is right now retesting the neckline. Excellent entry opportunity here. It has an option chain, though not a rich one. But then again, buy it here at $40 and sell the DEC $40 call and it pulls down 11.75% for four months.

                        I like the buy right here at $40, and first target of $48. 2nd target is $63.


                        pivot calculator *current oil price*My stock picking method*Charting Lesson of the Week:BEAR FLAG PATTERN

                        Comment


                        • Originally posted by ninner View Post
                          Not sure why u included yesterdays low, high, close in a trading range with the previous days but oh well
                          Huh? Just what exactly do you consider "yesterday's" trading range if not the previous day?

                          Comment

                          • jiesen
                            Senior Member
                            • Sep 2003
                            • 5321

                            Originally posted by New-born baby View Post
                            Ninner,
                            Incredible that I almost posted on this one Saturday, but was too tired to throw it up on the board. Yes, I have been watching NGPS and I like what I see. About a year ago I traded this one in the $22 range. Looks like I should have just held it for a year, doesn't it?
                            Yeah, I know! I also regret selling this one too soon (somewhere around $30 I believe).

                            Comment

                            • ninner
                              Senior Member
                              • Dec 2004
                              • 524

                              drq as a short

                              this is one to keep your eye on ...just crashed through the 50 on heavy volume.....i wouldnt yet...as im sure it will try and rally above the 50...if it loses steam on that attempt i would short the piggy.

                              Comment

                              • New-born baby
                                Senior Member
                                • Apr 2004
                                • 6095

                                Originally posted by ninner View Post
                                this is one to keep your eye on ...just crashed through the 50 on heavy volume.....i wouldnt yet...as im sure it will try and rally above the 50...if it loses steam on that attempt i would short the piggy.
                                Ninner,
                                Thank you, and I will short the piggy
                                pivot calculator *current oil price*My stock picking method*Charting Lesson of the Week:BEAR FLAG PATTERN

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