Skiracer's stock slopes

[riverbabe]

adat

Sorry that it didnt provide what you were looking for peanuts. im somewhat disappointed myself that it hasnt made the move i was expecting as soon as i was expecting it. im still holding.

I have a sell bid in. If it fills/doesn't, so be it.

[wooish]

Still holding ADAT, full sto touching oversold territory. If it closes @ or over 1.09 by this week, we will have a bullish chart. But if it falls below .90, there's no support under it until .10. I'll probably set my stop at .89

[skiracer]

Still holding ADAT, full sto touching oversold territory. If it closes @ or over 1.09 by this week, we will have a bullish chart. But if it falls below .90, there's no support under it until .10. I'll probably set my stop at .89

I'm glad to see that you are still holding the trade Wooish. I also like that you have a plan for the trade. that's important and separates the wheat from the chaffe. i know the stock has not made much in the way of a move up yet but the 2nd half of 2010 is supposed to be the strongest half of it fiscal year and it is just now entering it's 2nd qtr and should be coming out with that report soon. be patient and honor your plan and stops. i'm still holding and over the past few days have bought more averaging down somewhat. i'm in now around 1.025 and own alot of shares. maybe more than i should own but i like the trade and expect it to perform as i think it will.

[wooish]

ADAT what a BS close today but it makes the chart bullish. RSI bullish, ADX just crossed, now if we have another up day tomorrow then MACD will be positive then we may get a run to $1.20 short term.

[billyjoe]

I'm holding ADAT and things are looking good. JBII looks like an IED to me and I'll probably not go near it again.

------------billy

[skiracer]

I'm holding ADAT and things are looking good. JBII looks like an IED to me and I'll probably not go near it again.

------------billy

Billy,
Are you still holding JBII? I think you may have mentioned where your entry was at a week or so ago. if you are still holding it i dont think this would be a good time to exit since the damage is already done and i think it might get a bounce from this point. I bought some myself today at $3.75 / 3.85 range. if you held thru todays drop to $3.61 then you might as well stay in it. i think there is a decent chance you'll recoup some of those losses. i see where people have been nibbling at it at these levels. it actually showed some strength today but the volume is so low that it's hard to tell what is going on with it.
Still cheap at this price.

[skiracer]

Here's a nice setup that I am planning on entering tomorrow if the conditions are right. I usually don't make any trades before 10 a.m. and am looking to get in around $8 / 8.10 God willing. and here are two charts, it's daily and weekly, explaing my thoughts for the trade. the first one is the daily which i don't normally use to trade off of but there were a few items that caught my attention and that i liked in the chart.



the second is the weekly. i usually trade off of the weekly charts and these are the setups the mean the most to me when considering that decision. two important items here. a moving average crossover around the beginning of Jan. 2010 and the end of the abc corrective elliot wave sequence. after the c wave completion the percentages are high for it to enter another 5 wave sequence up with the 1st wave coming right after the completion of the c wave down. I like the edge here and all the factors are right for a new continuation up after this correction. it's getting close to their earnings report so i will be keeping a tight rope on this one as i don't like to hold them thru earnings. so there are 12 days for do or die.

[wooish]

Wow Ski that's a good analysis. I don't know anything about Elliot wave but from looking at the chart, each wave always touches 50EMA or lower before moving back up. Up the point C which didn't touch the 50EMA yet. So if the wave theory is correct, point C should go down and at least touch a point around $7.2 or a bit lower before heading bac kup finishing wave C. Which means it might go lower then? Again this is just my noob interpretation.

[skiracer]

Wow Ski that's a good analysis. I don't know anything about Elliot wave but from looking at the chart, each wave always touches 50EMA or lower before moving back up. Up the point C which didn't touch the 50EMA yet. So if the wave theory is correct, point C should go down and at least touch a point around $7.2 or a bit lower before heading bac kup finishing wave C. Which means it might go lower then? Again this is just my noob interpretation.

Wooish,
If I don't answer you posts until the next day it's because I don't get a chance to read them until the next day. I'v been having some problems with the site and my posts and other post don't show up immediately. I've been trying to solve the problem for a few months now and haven't had any success. so that's the reason for late replys on my part.
you should spend some time reading up on elliot wave theory. google it and you'll get several decent sites explaining the basic concepts of it. don't get bogged down in it because it can get complicated the way some people explain it. basically it's five waves up ( 1 thru 5) or five waves down ( 1 thru 5) with a corrective sequence of abc waves after the fifth wave up. there can be short corrective sequences inbetween the first 5 waves etc. and it then becomes complicated and drawn out. the first sequence of waves up are not necessarily determined by the charts moving averages but your comment on the moving averages was a good one because they are active lines of support and resistance so there is a good chance that the waves will end on or near those lines of support or resistance. the abc corrective action starts immediately after the completion of the 5th wave either up or down with the a wave down and then the b wave back up and the c wave completing the corrective action down. after that another sequence of 5 waves up should begin with the wave #1 and so forth. read up on the concept and theory and the more you use the theory the more you will develop a working idea of how it works best for you and your discipline. your interpretation is as good as anyone elses if it works out the way you see it. but it takes time and study and use to get a decent grip on it.
right now vsh is sitting on support at it's 20 with it's 100 right under the 20 and the 50 right under the 100. that's a solid line of support under yesterdays closing price. It could go lower and it might but one of the reasons i wait until 10 a.m. before making any trades is that sometimes they spike up or down dramatically at or near the opening bell and them come back to reality around 10 a.m. it's a good strategy and works. watch the action sometime and you will see what i mean in reality. I will be waiting until around 10 a.m. before i do anything and if it does drop further it will be to my advantage because i will be waiting to see which way the wind is going to blow with VSH and the markets. patience and a plan always pay off. i'm glad you liked the analysis. it's informative, educational, and exactly as i see it and will trade it plus a picture is worth a 1000 words. this is a nice setup and play but everything is tied to the market and it's direction and trend so that must be taken into account.

[skiracer]

Ody,
Put me in VSH long at the open on monday please.

[skiracer]

Wow Ski that's a good analysis. I don't know anything about Elliot wave but from looking at the chart, each wave always touches 50EMA or lower before moving back up. Up the point C which didn't touch the 50EMA yet. So if the wave theory is correct, point C should go down and at least touch a point around $7.2 or a bit lower before heading bac kup finishing wave C. Which means it might go lower then? Again this is just my noob interpretation.

Wooish,
that was a nice observation and call on your part. I didn't make the trade Friday but I still like the play and will be watching for an entry monday a.m. alot is going to depend on the markets with this stock but if the markets go up monday i feel VSH will track along with them. I'm still looking for an entry and it looks like it will be somewhat cheaper than what I thought it would be on friday.

[billyjoe]

Ski,
I like your analysis since it shows consistency and planning. Even if I don't always agree with your conclusion you points are well stated and not just speculation.

------------billy

[skiracer]

Ski,
I like your analysis since it shows consistency and planning. Even if I don't always agree with your conclusion you points are well stated and not just speculation.

------------billy

thank you billy. that's as good a compliment as anyone could expect or want to hear from someone they also respect. gracias amigo.

[Peter Hansen]

VSH Vector Vest

Vector Vest says VSH is UNDERVALUED and its true value is $10.18....If ya buy it they recommend a $7.51 STOP!

[billyjoe]

Ski,
NJR is getting more attractive day by day. I'll buy more under 36. Where do you see it heading in the near future?

-----------billy