Skiracer's stock slopes

[skiracer]

Looking for an abc? Or you don't think it can break thru the resistance at 119.60 - 119.87?

This is actually what I had up my sleeve. On the daily I thought it might be extended in the 3 wave up and was looking for a 4th wave down right here. On the weekly I was thinking it may have topped off the 5th wave up and was getting ready for the "a" wave down. I will definitely stay short with it overnight. Big days up have been followed by big or equal days down the next day of late. Nice play with VIP to recapture the top position. Always nice to be on top. I have said that I like it to break $120 + just right now I think it will pull back over the next day or two until the week ends. Good luck River. I hope it becomes a FRANTIC race to the end. Always more exciting and enjoyable that way.

[riverbabe]

Potw

I think we still might be very close, with you likely on top, depending on the buy pps Rob gives me. Either way, it's good fun and I'm happy you have come back into the game and re-upped the challenge. But I have done the "Riverbend" (1st to last in a single day) so often, I cannot trust to luck or the market. And it's only Wednesday, after all.

[billyjoe]

Ski,
I hope you book a nice gain with ZIXI. You know how those low price jobs can turn on a dime.

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

[IIC]

I didn't want to put a dark cloud over or jinx everyone making bux on ZIXI so I didn't mention this...But now that it has broken out...ZIXI was one of the 5 worst trades I ever made...I bot at about 17 and sold in the 2's

[skiracer]

I didn't want to put a dark cloud over or jinx everyone making bux on ZIXI so I didn't mention this...But now that it has broken out...ZIXI was one of the 5 worst trades I ever made...I bot at about 17 and sold in the 2's

Doug,
I wouldn't tell anyone that. At that point why didn't you just hold on and forget about it. But I'm not worried to much about ZIXI as much as I am about the stupid move I made exiting the position in the POTW to short DO which I own long. I made a bad error in my wave calculations apparently and DO goes up about 9 points after I short it in the POTW. So I end up making 1.08 points with ZIXI and am up 12.5 points with DO at the close today. But it looks like River is going to win the contest because I dumped ZIXI. A very foolish move on my part.
And I might add was what I would consider "very bush league considering in a rash moment of emotion I exit ZIXI to short DO which I own long but long term". Sometimes I don't understand what possesses me.

[IIC]

Doug,
I wouldn't tell anyone that. At that point why didn't you just hold on and forget about it. But I'm not worried to much about ZIXI as much as I am about the stupid move I made exiting the position in the POTW to short DO which I own long. I made a bad error in my wave calculations apparently and DO goes up about 9 points after I short it in the POTW. So I end up making 1.08 points with ZIXI and am up 12.5 points with DO at the close today. But it looks like River is going to win the contest because I dumped ZIXI. A very foolish move on my part.

Well...it would've been a loooooong wait and at least I did something better w/ what was left...At least I guess I did...Anyway...I have no problem revealing what I do wrong and I doubt that I would ever make that big of a % loss mistake again.

[skiracer]

ZIXI looks to be entering a 4th wave down, daily chart, and if this comes about it will provide a decent pullback for entry for anyone looking to get into this play. Still looks to have gas left in the tank.

[skiracer]

This could be a very nice gift for those who missed it the first time. I stopped out of the 1st trade this morning at $5.45. 1.65 gain. I thought it was coming into a 4th wave down. This pullback could provide a decent entry at the bottom to catch that 5th wave up which is usually the strongest wave. I think this drop this morning is normal and has nothing to do with the fundamentals of the stock. Some profit taking.

[skiracer]

Back in at $5.18.

[riverbabe]

Back in at $5.18.

I'm in for 1/2 position at 5.14. Riverbabe

[skiracer]

Just in case you haven't been peaking in on my chartlist at StockCharts here is my most recent play from yesterday. CPLA is making waves off the ASCENDING TRIANGLE PATTERNand is up 3.18 points today and 3.39 points from my entry yesterday. Click the link below to see the charts.

[stenzrob]

Ski,
Waddya' think of CYBS as a cup&handle?

[skiracer]

I also like the price at this level. I would consider trading this tomorrow if the breakout continued after 10 am without to big of a gap up at the open which may prohibit an entry at the proper price. I could see getting in between $16.50/$16.75 range.

[skiracer]

Stenz,
This is more of what I look for in the cup and handle formations. I am looking for an entry in this one tomorrow morning. The closer to the true definition the greater the chance of it performing as expected.

[IIC]

Ski...Don't go off on me...I think the pattern looks nice...BUT...You talk about the "true definition"...This is not close to anyone's TRUE definition that I know of.