Skiracer's stock slopes

[peanuts]

Long AA @ 28.37

Runner,

I think you made a good choice. Can I ask, though, why you decided to not go with RS, instead? I'm just curious, just want to know your thoughts, that's all. I don't want to refute your pick or try to pump RS but you might have seen something I did not...

thanks much

[Websman]

out of MED @ 9.0001

into ERS @ 13.49

Ouch.... %$#@*&# ERS!!! I'll be lucky if I can get out of this one with a profit tomorrow.

Hope you got out without getting hurt too bad Gwhiz...

[Gwhiz]

got out at 13.19

stops sure burn you sometimes, MED

but they saved me on that one

[Websman]

got out at 13.19

stops sure burn you sometimes, MED

but they saved me on that one

I bought ERS in my retirement account, which doesn't offer stops. I also have an Ameritrade account...should have used it.

[IIC]

I bought ERS in my retirement account, which doesn't offer stops. I also have an Ameritrade account...should have used it.

Who doesn't offer stops on Retirement Accounts?...I've never heard of that...Doug

[Websman]

Who doesn't offer stops on Retirement Accounts?...I've never heard of that...Doug

Sharebuilder... They're the only brokerage account that is offered through our plan. You have a choice of taking or leaving it...I take it. That's also why I opened an Ameritrade account up last year.

[Gwhiz]

check out TTMI!

Why is this stock so undervalued?????

[skiracer]

got out at 13.19

stops sure burn you sometimes, MED

but they saved me on that one

Stops are meant to provide protection at a reasonable point to stop the losses. You really must give them alot of thought in where you place them according to your plan and your discipline. Putting them to close will get you stopped out the higher percentage of the time. But if place them at the right point, which in my opinion you didn't with MED on this trade, they provide the protection you want most of the time. Another thing that you must consider is the psychology of the market regarding the stock that you are dealing with and what the bigger money is really thinking. I don't think that you are taking that into consideration yet. It comes with age and experience. The end of the day closing results show this. Nothing is guaranteed and no one knows what the earning report will be tomorrow but the institutional buying over the last few months will give some indication of what the bigger and smarter money is thinking. You have to take that into consideration along with your TA analysis. You are prematurely out when there was no need to be
out. It might turn out to be for the best but remember your post stating that "even if MED didn't hit their earning consensus you didn't feel that it would take that big of a hit. I agree and a more well placed stop would have still protected you and kept you in the race. This is so important to understand and to be able to implement in your trading. You must give it alot of thought. From your entry, which I got from your earlier post, and your exit, was just under 3%. Pretty tight and could have been twice that. Get used to understanding that you are going to lose on a specific number of these trades but regardless you must give them enough room to breathe. If you don't this is what you can count on happening the greater percentage of times. But cutting loses and placing stops is paramount to developing a discipline. At least you are doing it and that is on the right track. Don't pick these numbers out of the air. Give them alot of thought and see how much better the results will be.

[Runner]

Runner,

I think you made a good choice. Can I ask, though, why you decided to not go with RS, instead? I'm just curious, just want to know your thoughts, that's all. I don't want to refute your pick or try to pump RS but you might have seen something I did not...

thanks much

Peanuts, I just went with AA because it was one of my Aluminum stocks that did not go off yet. I missed the others I was looking at. I also forgot to load RS into my screen. Anyway I like AA's chart and so we shall see. I know it is a huge stock and I'll soon find out if I regret the buy. NX was the one I wanted!!

[Gwhiz]

I am thinking that if MED reports good earnings I
ll jump on immediately.

Is that a wise move?

[IIC]

Sharebuilder... They're the only brokerage account that is offered through our plan. You have a choice of taking or leaving it...I take it. That's also why I opened an Ameritrade account up last year.

Gee...and they are a pretty good size online broker too...Doug

[skiracer]

I am thinking that if MED reports good earnings I
ll jump on immediately.

Is that a wise move?

Well you were in initially at 9.28. If the earnings are what I suspect they will be, they report after the close tomorrow, then there is always the possiblity of a pop afterhours tomorrow or a gap up at the open in the morning. It's hard to say. I made the play to hold thru earning just because I think that there is going to be a decent report. That was my plan. If the earnings report is good I could see buying it again in the 9's because I think it will go over 10/11 or higher. It was above 20 at one point before it got sideswiped by StockLemon.com. If not then you're out and safe anyway. I'm holding a few thousand shares because I have been watching the institutional buying over the last few months and it has been heavy to the long side. If the earnings report doesn't go the way I expect then hopefully I'm out at around 8.40 for a .63 max loss on the play unless I can get out earlier which translates into around 630.00 per 1000 shares. If it goes the other way I'll let it ride out to see where it goes. Then I like it to go over 11 or higher which translates into 2.00 per share but it could go much higher. It is an educated guess and only that. I like the risk vs the reward possibilities on the assumption that the report is going to be above consensus. What I liked today was that it didn't collaspe in the face of earnings but there really wasn't any volume to speak of so it is kind of hard to say what it is going to do. I also like the chart pattern. The double bottom and forming that right side of it's cup. The momentum seems to be to the upside now. Tomorrow will tell.

[Websman]

Gee...and they are a pretty good size online broker too...Doug

They might be big but they suck...

[skiracer]

A number of trades made today for these ports. I loved Runner's entry with AA. Very astute and caught it coming off that bottom today. Billyjoe, I had MEK on my watchlist for a few weeks and never made the trade. I was thinking that the chart was to choppy for me but boy there has been a heavy influx of volume coming into it over the last week or two. Maybe someone knows something. River, I was looking at TGT for awhile now as a possible short play. Not to put the horns on it but there is alot of room underneath todays levels for profit taking. It has been on a meteoric uptrend recently. Looks like it wanted to breakdown last week but struggled to keep it's upward momentum. Reminds me alot of FMD a week or two ago. Keep a close eye on this one. If it breaks the 50 ma to the downside there is plenty of downside underneath it right here. Good luck. I was thinking that Ninner might be a secret agent or something. He disappears for a few weeks at a time and then shows up out of nowhere. Check in Ninner and let us know that you're alright. Here's today's sheet:

[jiesen]

check out TTMI!

Why is this stock so undervalued?????

It's not necessarily undervalued, when you consider that the margins for a PCB manufacturer located in the US are in serious jeopardy from competition overseas and south of the border. Granted, having a third of the company in Santa Ana is pretty much like having a plant in Mexico, but still, it's only a third...

Of course, I don't know the whole story for this one, but am just throwing out one possible angle for you to consider. What if profits drop 90% or so? Then what's this worth? BV according to Yahoo is $7. If the stock traded at $5, then I would agree that it's a bargain. You should try to get a company for at least 25-40% below what it's worth, and sell it when the discount gets closer to 10%. BV is the easiest measure to use, but earnings are tougher to value, especially those of companies with small moats (like PCB manufacturers), since you can't accurately predict them 5 years from now.