Skiracer's stock slopes

[skiracer]

Ski, You've got the golden touch. I'm now up 42% on HOV and 42% on NJR and I've got lots of shares of both. Thanks again !


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

HOV is turning out to be a nice play for both of us. So happy you're in on it Billy. Gotta be happy with todays gains.

[wooish]

Very nice play Ski. I made some $$$ when you first call it but I got out way way too soon.

[skiracer]

Brought HOV to the forum when it was around $1.00. Closed today at $3.79. Getting close to a triple now. I'm just wondering how many here thought it worthwhile to give it a serious look and maybe a play. This is a major homebuilder right up there with all the big boys in this sector and definitely the most underpriced stock in the entire sector.

[noshadyldy]

Hov

I'm holding tight and up 57% as of today. Thank you, Thank you, Thank you!
What do you think of today's doji???

[skiracer]

I'm holding tight and up 57% as of today. Thank you, Thank you, Thank you!
What do you think of today's doji???

I think almost everything went up today based on the Feds move to purchase mortgages every month to try and bolster this economy. Which in my opinion is a charade in itself. Every stock in an uptrend will at different points always have dips. It's a natural element of trading for people to take profits on news or just meeting their targeted exit strategy. Today's doji is indicative of a bit of that taking place as traders taking profits into strength when others are buying for whatever reasons. It has experienced some great gains and now it could be indicating that it needs some consolidation of those gains before the next move up to another level. I do believe it goes to $5 and higher so I will be holding onto my shares. What would be a normal consolidation move could be anywhere between 5 to 10 % from todays close. If that were the case you could see it dip to around $3.40 or so. That wouldn't surprise me or change my feelings about the trade. Alot also depends on the markets trend itself. The economy is in the crapper but with the Feds injection of funds the euphoria might keep up.

[billyjoe]

Ski, Did you see mention of ASTI on Morpheus? They said they normally don't look at such low priced stocks, but what a chart !


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

[skiracer]

Ski, Did you see mention of ASTI on Morpheus? They said they normally don't look at such low priced stocks, but what a chart !


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

It is an interesting chart Billy. I worked until 7 pm. yesterday and didn't get a chance to take a close look at it. Will tonight sometiime.

[noshadyldy]

Asti

It is an interesting chart Billy. I worked until 7 pm. yesterday and didn't get a chance to take a close look at it. Will tonight sometiime.

Wow! Being a lover of bowls, that is one NICE 2 yr bowl! Ed, I'd be interested in your take on this.

[noshadyldy]

info on ASTI and URZ below it

http://stockpickr.com/5-stocks-under-10-setting-break-out.html

[skiracer]

http://stockpickr.com/5-stocks-under...break-out.html

Interesting link Margie. I booked it on my favorites. Thx. Regarding ASTI. I took a look at the 2 year chart and it is forming a nice looking cup base and from the chart appears to have bottomed out and is turning up to hopefully continue to make the right side of that cup base. This is my most favorite point to catch a stock and I have made many profitable trades with entries at this point. So from a purely techinical basis the chart looks appealing to me right here. I took a look at the fundamentals, which although I do not base my trades on them entirely, I do take them into consideration. This stock does not show any indication that it will be earning any money in the near future which in my logic makes me think how will they pay for whatever it is they are doing without floating more stock or borrowing or trying to raise more operating capital in some fashion. But certainly not from selling their products. This year insiders have granted themselves alot of stock at no cost. If they aren't paying for it then you know who is paying for it. The stock doesn't interest me but the chart does in but not to the extent where my heartrate is beating above normal. It seems a number of people are enamored with the stock. I don't see why but the chart does suggest that it could be making the right side of it's cup base and if it does then this would be a great entry point to take that ride up the right side of the cup. So I guess I'm saying the only "edge" I see here is that other retail traders are foolishly in love with the stock and could drive the price up farther. It wouldn't hurt to take a reasonable flyer on the stock, nothing that you cannot afford to lose and certainly not more than a 7% stop loss, in light of what the chart suggests could possibly happen. I would say that there is a 35% chance of it continuing to make that right side but the risk vs. reward numbers are not what I like to play with and I see no "edge" in it for myself. And if I see no edge then why even play when there are so many other sound possibilities available in the stock universe.

[noshadyldy]

Nsph

http://www.thestreet.com/story/11702015/1/nanosphere-a-low-risk-high-growth-diagnostic-stock.html?puc=aol&cm_ven=aol&source=motleyfool

Interesting article. I'm holding.

Thanks for the input on ASTI, Ed. Valid points all.

[skiracer]

Bought NSPH at $3.53. Looking closely at TASR for entry. Possibly later this afternoon.

[noshadyldy]

ready for a breakout? Opinion please

http://stockcharts.com/h-sc/ui?s=fve

BETTER CHART ABOVE. IGNORE THIS ONE.

[noshadyldy]

FVE - definitely hot business

But volumes low.....

http://stockcharts.com/h-sc/ui?s=FVE&p=D&b=5&g=0&id=p93311656415

[skiracer]

But volumes low.....



http://stockcharts.com/h-sc/ui?s=FVE...d=p93311656415

did you buy this one Margie?