Skiracer's stock slopes

[skiracer]

Joined you in TASR today at $5.59. Looks top have some possibilities.

Well good luck with it Luca. It's a rough market without any specific trend showing itself. I hate to trade without beilng able to see a definite trend. But TASR does seem to be holding it's range in this market. I have a 7% stop which is my usual. I'm looking to hold on to this trade longer term.

[skiracer]

Merry Christmas and a safe, prosperous, and Happy New Years to everyone.

[mrmarket]

Merry Christmas and a safe, prosperous, and Happy New Years to everyone.

back at you Ed

[skiracer]

Happy New Years to everyone. Be safe out there tonight.

[ninner]

Well good luck with it Luca. It's a rough market without any specific trend showing itself. I hate to trade without beilng able to see a definite trend. But TASR does seem to be holding it's range in this market. I have a 7% stop which is my usual. I'm looking to hold on to this trade longer term.

TASR is a dog...and a severe laggard!!!

[skiracer]

TASR is a dog...and a severe laggard!!!

you might be right ninner. I'm down .43 with it right now from my entry the other day at $5.55 which is my stop loss limit of 7%. I was going to exit friday afternoon but am giving it until monday a.m. at 10:00. if it doesnt go back above the 7% stop by 10 a.m. I will be out of it. It is always easier to call something a dog after the fact.

[ninner]

not really, look at its earnings and sales growth, very poor...doesnt have a ROE....LAST quarter it only made 24 million in sales....its like 85 percent from its all time high...so look at all the overhead supply it has to work through.....another thing on a common sense and logical basis....look at the monthly chart again and where is all the volume its april 2004 where it has over a billiion shares traded...so you have tons of people trapped up there waiting to get at least their money back since most people in this world are buy and hold investors....everytime it starts making a move you have people hoping and praying that they can take a smaller loss than they had before ...that will be pressure on the stock sincce the chart is already telling you that it has too much supply in the market place and no real demand....so people start to sell putting more pressure on the equity....its going no where until you see some real demand...

[skiracer]

not really, look at its earnings and sales growth, very poor...doesnt have a ROE....LAST quarter it only made 24 million in sales....its like 85 percent from its all time high...so look at all the overhead supply it has to work through.....another thing on a common sense and logical basis....look at the monthly chart again and where is all the volume its april 2004 where it has over a billiion shares traded...so you have tons of people trapped up there waiting to get at least their money back since most people in this world are buy and hold investors....everytime it starts making a move you have people hoping and praying that they can take a smaller loss than they had before ...that will be pressure on the stock sincce the chart is already telling you that it has too much supply in the market place and no real demand....so people start to sell putting more pressure on the equity....its going no where until you see some real demand...

I did look at both the monthly and the weekly charts before I made a decision to make the trade. I thought both monthly and weekly exhibited what I saw as a nice uniform double bottom cup base forming its right side. the monthly exhibited exactly where I like to catch them in a cup base and still does. the weekly is somewhat further along and but I thought it was still working on its right side and then it had to make its handle yet. but nothing is for sure and it certainly isnt for sure whether or not the trade will fail.
I dont bother going back two years or farther because in my estimation those people are far gone from still holding it and would have exited while it was making its way up to current highs of 6.40.
it is still the best product of its kind on the market for law enforcement and the armed forces and is getting the litigation knots untied for its use. I'll give it until 10 a.m. monday morning and if it is still around 7% or lower off my entry price I'll exit the trade but would consider another entry because I still like the weekly and monthly chart patterns.

[ninner]

lol...ok its your money lol

[skiracer]

lol...ok its your money lol

Well it wont be my first loser or the last for sure. but the loss will stop at 7% for sure.

[ninner]

that is true...and hey i have made losses as well.like you i keep my losses to a minimum to preserve capital...that is probably the best lesson WON teaches for sure.

cheers

[skiracer]

that is true...and hey i have made losses as well.like you i keep my losses to a minimum to preserve capital...that is probably the best lesson WON teaches for sure.

cheers

thats where I learned it and the best thing I ever picked up from O'Neil, IBD, or CANSLIM.

[billyjoe]

Ski,
You should brag more. NJR increased div. again in Dec. and has been paying regularly since 1952. And here's more commentary.

http://www.fool.com/investing/general/2011/12/18/one-reason-the-street-should-love-new-jersey-resou.aspx

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

[skiracer]

Ski,
You should brag more. NJR increased div. again in Dec. and has been paying regularly since 1952. And here's more commentary.

http://www.fool.com/investing/general/2011/12/18/one-reason-the-street-should-love-new-jersey-resou.aspx

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

thanks billyjoe, interesting read. I'm getting ready for a split sometime soon.

[skiracer]

update on TASR and GCA. Still holding both. TASR recouped some today +.18 to close at $5.30 and back above my stop loss of 7%. GCA doing well and up +.12 today to close at $4.57 or +7.5 %. TASR down -.25 or -4.5%