Skiracer's stock slopes

[skiracer]

In w/ ya on FMD...may have jumped the gun on it though.

It's a strange stock. Comes back and exhibits strength just when you think it is going to fall out of bed. I thought I had it at the beginning of that second drop of the day but it came back. Almost had to stop it out.

[skiracer]

Here's the sheet for the members portfolios: I'm kind of pressed for time right now so I've decided to let the other watchlist fold for the time being. It was a personal watchlist and I think that I can combine my picks and some of the setups that I am looking at within this spreadsheet's commentary and the actual portfolio list or certainly in my thread somewhere. Just not enough time so something had to go. I like this particular sheet moreso anyway as it is alot more interesting viewing everyone's ports.

[skiracer]

Out of KLIC at 8.41 or 7%. FMD falling like a brick. There was so much room for profit taking underneath. I'm watching it real close and will not give any of these gains back.

[peanuts]

Out of KLIC at 8.41 or 7%. FMD falling like a brick. There was so much room for profit taking underneath. I'm watching it real close and will not give any of these gains back.

FMD - look out below!!! Congrats on a great trade, Ski. I asked before, but you were probably too busy to reply... what did you see in FMD to make it a short? I couldn't see it myself, but I can learn from you, right?

[skiracer]

FMD - look out below!!! Congrats on a great trade, Ski. I asked before, but you were probably too busy to reply... what did you see in FMD to make it a short? I couldn't see it myself, but I can learn from you, right?

I'm sorry that I didn't get back to you on that Peanuts. I read your post and meant to but it escaped me with everything going on. I can't put a chart up here at the office trailer but what I really liked about the short play was that the stock had spiked up so fast and far that it left alot of room for profit taking below the recent high levels. That is always dangerous as there are plenty of traders underneath the recent high prices that are looking to protect their gains. If that domino effect gets started everyone with profits below will be running for the exits and that is exactly what I think is happening now. Always need a little luck to go with it and that doesn't hurt at all when the luck falls your way. I just felt that it was sitting in a precarious position. I always ask myself it I would buy it at those prices. Emphatically no at those levels. I thought it needed to consolidated those gains somewhat and that's normal.

I just placed a stop at 63.30. So let it stop out if it wants to now.

Just moved the stop up to 63.00 Almost covered at 5 even but am going to try to let it run if it doesn't stop out at 63.00

Just moved the stop up to 62.50.

[Tatnic]

FMD - look out below!!! Congrats on a great trade, Ski. I asked before, but you were probably too busy to reply... what did you see in FMD to make it a short? I couldn't see it myself, but I can learn from you, right?

All of those columbus day picks were way over extended. At the time they were all trading well above their 40 week moving averages...zons was up over 90% above its 40 week but now its collapsed, as has mtex and fmd. In fact, I believe the average loss of those 5 top picks is over 13% now, maybe worse.

As we go forward over the next few weeks, take those data dumps of momo crap and do a blind finger pointing...you should be able to find good shorts anywhere your finger lands. No need for technical analysis.

[skiracer]

I'm sorry that I didn't get back to you on that Peanuts. I read your post and meant to but it escaped me with everything going on. I can't put a chart up here at the office trailer but what I really liked about the short play was that the stock had spiked up so fast and far that it left alot of room for profit taking below the recent high levels. That is always dangerous as there are plenty of traders underneath the recent high prices that are looking to protect their gains. If that domino effect gets started everyone with profits below will be running for the exits and that is exactly what I think is happening now. Always need a little luck to go with it and that doesn't hurt at all when the luck falls your way. I just felt that it was sitting in a precarious position. I always ask myself it I would buy it at those prices. Emphatically no at those levels. I thought it needed to consolidated those gains somewhat and that's normal.

I just placed a stop at 63.30. So let it stop out if it wants to now.

Just moved the stop up to 63.00 Almost covered at 5 even but am going to try to let it run if it doesn't stop out at 63.00

Just moved the stop up to 62.50.

Moved stop up to 62.00 even. Looks like it is still going down.

Stop now at 61.50

Stopped out at 61.50

[peanuts]

Moved stop up to 62.00 even. Looks like it is still going down.

Stop now at 61.50

So, are you out of the trade now?

[skiracer]

So, are you out of the trade now?

Stopped out at 61.50 range.

[peanuts]

Stopped out at 61.50 range.

great trade! When's the party?

[Runner]

Today I got stopped out of BTU @ 40.55

[dmk112]

Stopped out at 61.50 range.

Sold 1/3 position of mine. Did you sell all of it Ski?

I think 58 is on the way for this one..

Shorted DSPG @ 21.45 AND UIC @ 44.75

[dmk112]

Got smacked on DXPE for earnings... I hate it when that happens, no warning or anything. Shit happens I guess.

[skiracer]

Sold 1/3 position of mine. Did you sell all of it Ski?

I think 58 is on the way for this one..

Shorted DSPG @ 21.45 AND UIC @ 44.75

Took it all off the table. 5.85 gain. I'll watch it for awhile now to see what it wants to do.

[Runner]

Ski, awesome job on your FMD trade. You nailed that big dog. Peanuts here is a chart on FMD. I noticed this stock lost momentum by trading sideways for a while. It then gaps down from highs. This normally is a sign of weakness and or change in character. Then the thing starts drifting up. Really this was a pull back and I remained bearish on it until it closes the gap. Trigger line was under yesterdays LOD. Awesome job on this one!!