Skiracer's stock slopes

[Lyehopper]

Peanuts was asking where I got some of the stocks on the watchlist I posted. Some of them come from this subscription service at Briefing.com's Trader-In-Play service. Here is their Emerging 50 List which they put out every day and changes regularly as the stocks do in their cycles. It's an expensive subscription and I am still on my free trial period but I have made several plays from this list that have more than paid for the subscription price. This is just their list of the strongest 50 stocks in their trading universe but is not the only stocks they trade.

I like KLIC....

[skiracer]

I like KLIC....

Lye,
I like KLIC alot myself. I would be a buyer at $9 or above on Monday if it holds that price after 10 am. I'm looking for a breakout from that cup and handle formation. This stock could easily go to $10.60 / $12.50 range. On the weekly it is above all of it's moving averages but on the daily it is knocking up against the 200 ma right now. It hit it last week and was unable to breach that level. Now it's back for a second try. If it breaks through the 200 at $8.89 it's clear sailing to $10.50 and above.

[IIC]

Lye,
I like KLIC alot myself. I would be a buyer at $9 or above on Monday if it holds that price after 10 am. I'm looking for a breakout from that cup and handle formation. This stock could easily go to $10.60 / $12.50 range. On the weekly it is above all of it's moving averages but on the daily it is knocking up against the 200 ma right now. It hit it last week and was unable to breach that level. Now it's back for a second try. If it breaks through the 200 at $8.89 it's clear sailing to $10.50 and above.

No offense Ski...But that is not a Cup w/ Handle...It is also not technically a double bottom. Hate to be a Stickler...Just setting the record straight...But I do like it and as you may have seen I added it to my Killer Watchlist on my thread...Thx...Doug(IIC)

[peanuts]

No offense Ski...But that is not a Cup w/ Handle...It is also not technically a double bottom. Hate to be a Stickler...Just setting the record straight...But I do like it and as you may have seen I added it to my Killer Watchlist on my thread...Thx...Doug(IIC)

Ski, for a strict Cup and Handle interpretation, check out this link: Cup and Handle

For KLIC to be a C&H formation, it would have to already be in a longer term uptrend, and the bottom of the cup should be at previous support along the uptrend. I think KLIC is trying to look like a technical turnaround play, but I am not convinced, yet. Maybe I'll be late to the game if I do decide to play this, but I think it is too risky right now to be long.

[IIC]

Yes...the reason it is not what I would call a "Classic" Cup w/ Handle is because it was not in that prior uptrend...Ideally, you would like to see about a 30% move up to the left side cup high...then the rounded bottom would be on lower volume until it goes for the right side cup high on higher vol...Then the handle drifts down on lower volume until it reverses and breaks out(if it does) on 1.5x or more ADV past the Flash point.

Unfortunately, WON cheats quite a bit in IBD and even his books nowadays IMO...Like the Double Bottom(There was one description in the IBD 100 that was wrong today...I don't feel like going back to find it tho)...Theoretically on a "Classic" DB the right side low equals or is lower than the left side low...Does it matter???...I don't really know...But, I believe that CS changes the rules to suit marketing objectives...Anyway, I agree that KLIC is worth watching..."Classic" or not...thx...Doug(IIC)

[skiracer]

Doug/Peanuts,
I know the definition of a true cup/handle formation but Spike has convinced me that there are times where "Spike's fuzzy logic formations", can apply to a chart formation when the classic definition isn't fulfilled. I also like the weekly chart for these reasons:



On the other hand I took a look at the chart that was used as an example of what Peanut posted for the definition of a cup and handle formation. I must admit that I took some liberties with what I called as a cup and handle on the daily but in all honesty which one of the two examples would you feel more confortable with between what I called a cup and handle and Peanut's example which I'm posting below. And there no offense taken just because someone corrects or disagrees with my take on it.

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

[IIC]

I don't take any offense...I appreciate the idea and as I mentioned, I added it to my watch list.

BTW...Seems that a couple of your watches are on the IIC 100...I knew you were a "Closet IIC 100 Junkie"...I just knew it...LOL...IIC

[skiracer]

I don't take any offense...I appreciate the idea and as I mentioned, I added it to my watch list.

BTW...Seems that a couple of your watches are on the IIC 100...I knew you were a "Closet IIC 100 Junkie"...I just knew it...LOL...IIC

And now I'm out of the closet. I'm in love with the IIC 100. I don't care who knows.

[billyjoe]

And now I'm out of the closet. I'm in love with the IIC 100. I don't care who knows.

Ski,
Will you still be in love when he starts charging $299/yr , $489/2yr. even though it's worth it ?

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

[skiracer]

Ski,
Will you still be in love when he starts charging $299/yr , $489/2yr. even though it's worth it ?

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

Dear Doug,
I've met some other subscription service. It's not you, it's me. I have to stop reading the IIC 100. Can't we remain friends? How's that Billyjoe. Just in case.

[billyjoe]

Ski,
Excellent , now we have to remember not to praise him too much or he'll get the big head and start charging. Hey, Doug , remember back in '04 when you told me to put all my retirement in TASR , that it couldn't miss ........

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

[IIC]

Ski,
Excellent , now we have to remember not to praise him too much or he'll get the big head and start charging. Hey, Doug , remember back in '04 when you told me to put all my retirement in TASR , that it couldn't miss ........

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

No...I don't remember that. I believe I told you that in 2003...I told you to get out in 2004.

BTW...When I start charging I'm thinking about $1,000,000 yr...that way I don't need very many customers...IIC

[billyjoe]

No...I don't remember that. I believe I told you that in 2003...I told you to get out in 2004.

BTW...When I start charging I'm thinking about $1,000,000 yr...that way I don't need very many customers...IIC

Doug,
Just kidding . I want to be one of the original buddies , neighbors of , like when Buffet started. You could buy my old business and through your business acumen build it into a mutibillion dollar empire with an obscure symbol that can fly under the radar until we're er you're rich . Not an old textile mill, but an abandoned greenhouse will be the road to fame.

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

[IIC]

Here are several stocks on my general watchlist. I get these stocks from my own scans and other subscription services I use. These are all for long plays. Anyone else looking at any of these?

ATHR
ABMD
AEIS
EGLT
KLIC
KNOT
NTSC
SMSI
STMP
COGO

WHOA!!! SKI IS HUGE TODAY...Ski's Racers...9 up 0 dn...IIC's Killer Watchlists only 12 up 4 dn...nice calls Ski...IIC

[skiracer]

WHOA!!! SKI IS HUGE TODAY...Ski's Racers...9 up 0 dn...IIC's Killer Watchlists only 12 up 4 dn...nice calls Ski...IIC

Thank you Doug.