Skiracer's stock slopes

[Lyehopper]

LOL Sorry you took that hit, dude. It was lookin' good for a while there too.....up until I jinxed ya... I'll keep my mouth shut about steel for a while after this post.

But I do reckon the next worthwhile setup for +10% for X is to buy the 2 down tomorrow or Wed and target 5th completion in a couple weeks.

No please don't keep your mouth shut, I welcome any oposing view.... Just don't grin at me with those "big ol' smiley teeth" when you tell me I made a pond scum sucking play.lol! Just tell me the play sucked and why.... and I'll be happy with that....

[Gwhiz]

Billy Joe,

What is your take on the very low volume today in MED, and the volume pattern over the last few days? Seems weird, maybe a bearish sign to me, don't really know how to interpret it.

Any insight you may have would make me eternally grateful.

[skiracer]

Billyjoe that was a very nice play on GOOG. 75.42 a share gain. I'm not sure I understand the 1/5 sell but only share the numbers with us if you care to. No big one way or another. Still a great play. MEK, ouch! Anything that I comment on here is not meant to hurt anyone's feelings but I don't understand the reasoning behind letting a position go 18% to the downside and then exit the trade. Why not cut the losses at 7% or even less? Riverbabe exits ZOLT today at 22.79. That's a 20% loss. When figured into your overall account numbers no one is ever going to make money if you do this in any consistent fashion. You cannot and will not overcome the sheer percentages if you continue to let the losses run out like this. It will negate anything positive that you do. You will have to have phenomenal winning percentages to overcome these negative percentages and no matter how good you are at this it cannot be done in my opinion and the opinion of plenty of other professional traders that are doing it for a living. On the other hand IAAC looks great and had a pretty decent day. Could a weekly chart look any prettier than this one? Good luck with them both. Work on cutting those losses closer and see how much your port grows because of it. You have had a few great plays since you started posting your port up here.
Whiz, I'm so glad you made this play on the strength of your own convictions over and above anything anyone else might have had to say about the stock. Just remember the most you have to lose is 5/7% if you control the trade and those numbers are realistic and easily overcome with a few winners that you let run out to maximize their potential. It is just a game of numbers and if you control the numbers you are in the drivers seat. If you or anyone can get a grasp on that you will become successful at this in a very short time. I like the play and bought it myself today at 8. Very nice play that you brought to the table Whiz. I'm going to post a chart on it later this evening. Lye, I would be a hypocrite if I said that I didn't like your trade in WIRE. I love to catch them at this point of turning up coming off of a bottom. I'll be watching this one closely for myself. I do wish the sector was showing more strength at the moment. Nevertheless I like your positioning with it.
Haven't heard from Webs this week so far. Hope Bubba didn't take him home to his cell for a couple of drinks and then decide to keep him.
Plenty of action today. That's always more entertaining. Here's todays sheet:

[Gwhiz]

skiracer,

One thing is strange about BRKR, pretty low volume today, usually on that kind of move I would expect higher volume. What is your interpretation of this?
Also, same kind of volume situation with MED, though it made a different sort of move today.

[billyjoe]

Billy Joe,

What is your take on the very low volume today in MED, and the volume pattern over the last few days? Seems weird, maybe a bearish sign to me, don't really know how to interpret it.

Any insight you may have would make me eternally grateful.

Gwhiz,
I don't see the low volume as being bearish. At least people aren't bailing out taking profits. With the good earnings report I'd like to think those that own are holding on and others are waiting for a sign to jump in. The previous highs over 20 show me there's great potential.

-----------billyjoe

[billyjoe]

Ski,
Actually my GOOG sale was more like 25%. I've got it in a SEP and separate IRA accounts for me and Mrs. Billyjoe. Had it in a 4th account for one of my sons. He wanted to sell earlier, but I told him it probably would hit 500 so he said sell it at 500.

------MEK was another one that had a gap down after hours. I could have sold at an 8% loss but it was borderline and there was no bad news. Then I noticed it dropping everytime I checked and it was on big volume still no news . At 13.12 I figured it was going down so fast it might be 50% by tomorrow so I bailed and it immediately started raising not that my number of shares could have effected anything.

------My NYX , GOOG , and CNE saved the day.

-----------billyjoe

[skiracer]

skiracer,

One thing is strange about BRKR, pretty low volume today, usually on that kind of move I would expect higher volume. What is your interpretation of this?
Also, same kind of volume situation with MED, though it made a different sort of move today.

They both moved up on lower than average daily volume. Explain what it is that you mean. BRKR moved up .24 or 3%. MED moved up .18 or 1.8%. I don't think either one of them made what you could call a radical move or a breakout move. It was a low volume move for both to the upside. That's all and nothing else. But I would like to hear what your thoughts are on why you would consider either move strange. Neither one of them are high volume volitaile stocks. I would have liked to have seen a 1.00 move by both on about 1 million shares each. That would have been a move and considered an accumulation day but this is just a typical low volume upside day for two moderately low volume trading stocks. Nothing more and nothing less.

[jiesen]

Brkr

I thought BRKR looked very nice, from a FA (at a glance) standpoint. And from today's action it appears that GW'z made a nice entry on it. Congrats on an excellent pick, dude! (And thanks much for brining it to all of our attention.) Had I been in more of a gambling mood, and had a little more time today to research this one, I might have gotten in on that one with ya, looking for a double in a year or three.

[New-born baby]

skiracer,

One thing is strange about BRKR, pretty low volume today, usually on that kind of move I would expect higher volume. What is your interpretation of this?
Also, same kind of volume situation with MED, though it made a different sort of move today.

GWHIZ:
Low volume up moves are bearish signs. Why the low volume? One reason is Thanksgiving. That makes a difference. Watch BRKR because a possible head and shoulders is forming. Hey, I could be wrong, too. Just put a stop under it.

[IIC]

MEK, ouch! Anything that I comment on here is not meant to hurt anyone's feelings but I don't understand the reasoning behind letting a position go 18% to the downside and then exit the trade. Why not cut the losses at 7% or even less?

Ski...What are you???...Mr. Canslim???

[skiracer]

Ski...What are you???...Mr. Canslim???

No I'm not and and you know I'm not although I do think that the CANSLIM methodolgy is a great way to fundamentally look for sound stocks I don't personally adhere to their concept 100 %. What I do know for sure is that the concept of cutting loses at that 7 % area is paramount in devising a strategy where your gains will be able to outweigh your losses if you control the trades and let your winners run to their maximum by protecting them with well placed stops or trailing stops.
I started this thread, not to embarrass anyone or make anyone in particular look bad because of the results of their trades or how they control them. The whole idea was to put everyone's ports up for everyone to see their positions and how they control those trades. If my commentary or anyone elses offends someone in some fashion because of the legitimacy of their posts about how a trade worked out it is only meant in the most positive way. An honest and forthright dialogue is the only way to present an idea or to hold a dialogue. Holding back your true thoughts and feelings will only enable a continuation of a negative outcome in most cases.
So I'm not going to apologize for anything I say here if it is presented truthfully and meant to be positive. And I'm not going to stop offering up my opinions about these ports and the trades in general. When anyone here scores a big gainer or any gainer I'm the first to congratulate them on the play and the handling of the play. And besides anyone who has their portfolio up here can offer an explanation or the reasoning behind their actions to rebutt anything I or anyone else has to say.
Lye had a decent loser in X the other day and NB, who doesn't have his port posted here, called Lye out on the play. No one except Lye, who only took offense with the little smiley that NB likes to put up with his posts, took offense with anything NB had to say although Lye lost around 3500 on the trade. Does criticism and questioning your actions make you feel bad? I think so but it is the only way truthfully. It's all geared to make you think about what you are doing and hopefully the commentary will make all of us better at what we are doing. I feel strongly about all of this and none of the commentary is geared at being authorative or condescending.
Billyjoe and Riverbabe know exactly what my intentions and commentary are all about.

[billyjoe]

Ski,
You can give me a whippin' with a cyber cat o nine tails for my mess up on MEK. I deserve it.

----------billyjoe

[skiracer]

Ski,
You can give me a whippin' with a cyber cat o nine tails for my mess up on MEK. I deserve it.

----------billyjoe

My very favorite whipping instrument Billyjoe. I need one myself at times.

[Gwhiz]

With BRKR I expected that a new trend to the upside would start, and most of the new trends I have witnessed have been accompanied by high volume. The odd thing was that it moved up significantly, but w/o heavy volume.
Hopefully thanksgiving has something to do with it.
Just naivete on my part, that's the kind of nervousness that got me out of MED the first time.

[riverbabe]

Congrats on an excellent pick, dude!

I found out today that the current meaning of "dude" is "camel's gonads." river