Skiracer's stock slopes

[Runner]

Ski, I’m looking at PETS and I was wondering if you think it is starting to wedge up again? It did the same thing back in April. Something about PETS just does not look right to me. What is your take on the daily action?

[skiracer]

Ski, I’m looking at PETS and I was wondering if you think it is starting to wedge up again? It did the same thing back in April. Something about PETS just does not look right to me. What is your take on the daily action?

Runner,
I've owned PETS on several occassions since 8.75 area up to $14/15 ranges. In an out successfully several times so I kind of know the stock an it's fundamentals. What first caught my attention when it was under $9 were the sales an earnings reports a couple of qtrs. back. The last two reports have been great an above consensus both times. They have raised guidance both times and nothing has changed within the company. I have been keeping an eye on it, it's on my priority watchlist, over the past few weeks and thought it bottomed out the other day at $14.05. I entered at $14.40. Here is what I think of the daily chart an an interesting article I came across on MSN Money. I'm up 1.28 points an have placed a trailing stop up close at $15.50 right now. I liked it when I bought it because of what the article from MSN Money stated and because I couldn't figure out what had changed except that a number of traders were taking profits from the $14-15 range and forced it down. I thought it was a pretty good entry for a swing to $16-17 range. It could go higher and back to $20. I'm keeping my stop close now that I have these gains which means I'm a little leary of the markets and the stock. But the initial play has develope as I thought it could and the r/r was there at $14.40. I also thought it could fill those gaps at the arrows. It seems that a few others thought $14 to !4.50 was cheap and worth the play.

[URL=http://imageshack.us][

[Runner]

I see possible trigger on FLOW @ 14.56 Now if it falls back in the base I'll pass

[Runner]

Picked up some FLOW @ my trigger line..

[skiracer]

Picked up some FLOW @ my trigger line..

Great. I like the way it has been holding up at the $14.40 range the last few days. Good underlying support. Nice little move today for a small stock. Holding up the way it has at $14.40 has made me feel that there are people out there who want to be in it. That's good.

[skiracer]

These are my open trades:

FLOW: Entry: $13.60 Close today: $14.85 + 1.25 = + 9% still open. Love this stock. Showing great strength underlying support of late and that there are people out there who want to be in a position in this stock.

ECOL: Entry $25.50 Close today:$26.81 exited today at $27.00 + 1.50 =
+ 5.9 % still think that stock will eventually go to $30 or more. Didn't like the way it was acting today and didn't want to waste the gain. Will re-enter on a heartbeat on any evidence of a spike up.

PETS: Entry $14.40 Close today: $15.68 exited this morning at $15.90
+ 1.50 = +10.4 % exited this position this morning. Didn't like the way it was acting and took the 1.40 gain. Will re-enter but saw some negative news on the briefing.com wire yesterday and thought that was it's undoing today. Also saw an upgrade to strong buy by some analyst today on briefing.com. Could break up tomorrow but I'm out with the money for now.

Watching MOT for an entry tomorrow. Lots of decent volume coming into MOT over the last week. Look at the daily. Today was just some profit taking out of the last couple of days gains. I would be a buyer at $22.45/22.50 range. Looking for it to fill that gap to $23.50 and go over it's latest high of $24.24. Decent picking for a swing of 1.50/2 points. If it gets over $24 I would bring a trailing stop up to $23.90 and either keep the gains or let it run out.

[skiracer]

Forgot to mention my other trading account open position.

GLD: entry: $46.00 Close today: $70.38 + 24.38 = +53 %

Besides MOT which is on my priorty watchist here are several others that I am watching closely. All strong stocks an have been trending up. Please check the daily charts out on all of these.

EZM: I was waiting for eps report this morning. Wasn't quite up to expectations and took a hit as a result. Cramer likes it at this level and thinks it's a buy. Someone bought 1.75 million shares @ $3.02 in the AH tonight. I'm a buyer at $2.66 in the morning. 1000 shares. I've done worse with the money.

IHR: on any pullback to $6 range.

GRR: on any pullback to $22/23 range.

TBV: on any pullback to $7 range.

JFC: this is a c wave play an waiting for the a, b, c correction waves to take place over the next few days could be rewarding on that c wave impulse spike.

ADM: I'm waiting for a pullback on this stock to trigger my entry. Anywhere near $42 range would be good for me. I'm buying this for our blue chip portfolio and will be holding it for awhile. I think this stock easily goes to $60 by years end and that could be conservative. They are in the right product sector right now.

DIL: like JFC this is another c wave play. Exhibit some patience and wait for the a, b, c corrective wave sequence to play and catch the c wave impulse spike up. I think this could happen over the next 7/8 days.

NWS.A: on next pullback to $16.50/17 range.

[Lyehopper]

Ski.... Looks like you took several positions off the table today.... Are you getting bearish here?

[skiracer]

Ski.... Looks like you took several positions off the table today.... Are you getting bearish here?

Lye,
No I'm not getting bearish on the overall but didn't like the way ECOL and PETS were showing yesterday an I had a nice gain in each one of them so before I procrastinated all the way down to giving back most of those gains I took the money and ran. Better with it in your pocket to spend another day. I would re-enter ECOL or PETS again if they show me what I'm looking for. I still like ECOL to go over $30 and PETS to go back to $20 range but I'll wait for a re-entry point.
I'm not bearish to the point where I wouldn't enter a long position right now. I really like MOT and will enter this morning if it shows me what I think I'm looking for. I also like all of those on that watchlist I posted. EZM and ADM are high on my list and I might be taking positions in them this morning. That was another reason for freeing up some capital yesterday while I still had the gains in ECOL and PETS. Are you feeling bearish? The markets could use a little consolidation which would be normal after the climb we've had of late.

[spikefader]

...
JFC: this is a c wave play an waiting for the a, b, c correction waves to take place over the next few days could be rewarding on that c wave impulse spike...

Doing the 'c' down now Ski?? Pretty low volume puppy this one.

..I really like MOT and will enter this morning if it shows me what I think I'm looking for..

That recent gap down on volume is a problem. It resisted the other day too. Maybe a diamond top recently??
MOT chart
Good luck with 'em!

[Runner]

Well Ski FLOW was not fun..LOL.. Oh well what ya gonna do. I’m still holding, as my volatility stop has not been hit. I did get stopped out on EWJ today for a nice profit.

[skiracer]

Well Ski FLOW was not fun..LOL.. Oh well what ya gonna do. I’m still holding, as my volatility stop has not been hit. I did get stopped out on EWJ today for a nice profit.

I'm not sure what drove this down like this today. Didn't see one thing come across the newswires all day. I'm glad I exited those other positions I was holding yesterday. I watched it fall all day and didn't sell. Someone was unloading shares today an I think it bottomed at $14 area. I'm still in an above my entry. Gave back a big chunk today. Bigger volume today. You gave back 3.5% today. Came close to exiting when it hit #13.80 range. Can't an won't offer you any advice but with this position and stock I'm in until it violates my 7% loss point. I gave back .80 today. I hate giving it back on these occassions but I still feel the stock is good for $17 range.

[Runner]

Ski, I’ve got stop set @ 13.83 based on my plan and if I’m stopped no problem. Hey we can’t win them all. I thought the momo was going to Kick in and might very well be wrong. Pretty violent move today in the Indices..

[skiracer]

Ski, I’ve got stop set @ 13.83 based on my plan and if I’m stopped no problem. Hey we can’t win them all. I thought the momo was going to Kick in and might very well be wrong. Pretty violent move today in the Indices..

I hope you're not stopped out either. The market had a pretty violent something there topay. I think before we can call it a correction it might have to drop another 150 points or maybe 200. Anyway part of this had to be the overall selling going on today in everything. But I think alot of retail sold off today in lieu of some correction coming an I think that it has touched the top of the channel lines on the daily chart now. Could have been a channel short signal. But I definitely think it will recoup. Glad to see that it held $14.

[skiracer]

Just sold FLOW. A product of the markets right now I think. Nothing has changed with it fundamentally and not a single thing on the newswires.

FLOW: entry: $13.60 exit: $13.85 +.25 = + 1.8 %

I'm sick about this an not getting out way above $14. And here I am talking about keeping those gains and this is a prime example of not doing what I was talking about. I liked this stock and let that influence my mindset. If I had of gotten out at $14.50 I'm then plus .95 on the trade. And I was feeling that the markets were going to consolidate some real soon and that was exactly what FLOW got caught in to a large degree. Big difference in the gain plus if it breaks $13.60 I can get in lower than my initial entry.

In cash right now an holding.