Skiracer's stock slopes

[skiracer]

Knowing Ski...He probably caught some strippers

My favorites as long as they don't smell to fishy!!

[skiracer]

The 4 open positions are having a decent day. I was expecting some movement upward an I'm getting alittle. ECOL providing the most movement at the moment and up .63. MED up .38 right here. I think there is still a decent amount of gas left in the tank even on this recent move up from 9. Some movement in KLIC and up .16. LIOX finally starting to show some strength. Up .16.
I just took a position in ACLS. I've been stalking this stock for awhile now and entered at 7.50. There's two stocks on the list that have had great runs up over the past week and they are looking great for short setups. I'm stalking both ACOR and ATHR for shorts tomorrow. I don't think we'll see anything through the end of the day today but tomorrow they could be ready for a downward move. Especially ACOR which has had a great run up. I keep hoping someone is making a few of these plays.

[spikefader]

Doesn't Spike still do a "creme of the crop" filter with the top 5 choices out of Ernie's list.

Yep Ski, I do it for the entire dump. I'm still filtering but these are the best so far. I'll put a link in my signature when I'm done.
EDIT: eliminated ZONS just then cuz it got smacked today.

[peanuts]

I keep hoping someone is making a few of these plays.

I would follow your plays, but they keep running off the page for me. I hate using the scroll bar, so I usually just give up after Thursday.

I too will be shorting ACOR, but not tomorrow. I'm looking at weekly moves, and the chart makes me think that it may go even higher next week. So, I'll look for some time next week to short ACOR

I don't like MED
I told you about my feelings on KLIC
ECOL is not for me
LIOX isn't either

I really like the stocks you post about (except HSOA) so keep posting them. I research all of them, and even if I don't post about them, I have at least reviewed your ideas first, before moving on to the next post.

[skiracer]

I would follow your plays, but they keep running off the page for me. I hate using the scroll bar, so I usually just give up after Thursday.

I too will be shorting ACOR, but not tomorrow. I'm looking at weekly moves, and the chart makes me think that it may go even higher next week. So, I'll look for some time next week to short ACOR

I don't like MED
I told you about my feelings on KLIC
ECOL is not for me
LIOX isn't either

I really like the stocks you post about (except HSOA) so keep posting them. I research all of them, and even if I don't post about them, I have at least reviewed your ideas first, before moving on to the next post.

What a glowing review. I'm not sure why they run off your screen. I've resized all of my charts and they fit very nicely within my screen. Maybe it's something to do with your screen. Sorry none of the above aren't for you but like I said, with this stuff when you go out of your way to go through posting and keeping track like I have been trying to do all I'm looking for is the interaction. The stock selections, setups, and plays will like water seek their own true level and the list will speak for itself over time. I welcome any interaction or opinion of anything that I do or post here. I can accept not liking a stock or play. I almost always accompany my opioion with a chart pointing out my line of thought and reasoning for it. I would welcome yours but it's not required.
If not tomorrow then next week for sure with ACOR. Remember you saw that play mentioned here first at 3:39 pm. I wouldn't guarantee that tomorrow will be the day but that it is getting top heavy and looks to be a good short in the very near term.
Just got back from the surf. One of the most beautiful late afternoons that I have ever been at. Wind blowing just right out of the due west and not to warm or cold but comforting. No sweat or chill. When it comes out of the west like this at this time of the year the waves are perfect curls and great for surfing and fishing. The guys were out in full force with 4/5 ft. beautiful curls forming about 200 yards about. I called my wife to come with me and I left work at 4 and we just got back around 6:30 pm. No fish but they will come for sure. Two of the Ukranian masons that are part of the masonary crew forming the grade beams are striper fisherman. They were at the surf in that rain yesterday and while I was plugging with artificials they were using clams as bait. They caught two 36" stripers that weighed in around 10/12 lbs. God and life have been very good to me.

[Runner]

Ski nice job with ECOL. I did notice it has been having a pretty nice expansion in volatility as of late.

[skiracer]

Ski nice job with ECOL. I did notice it has been having a pretty nice expansion in volatility as of late.

It came up on one of my scans and it fit into one of the setups that I look for. Just starting to live up to my expectations. Wish I was in where Lye is in at but I'm happy with what I've got so far. I had a good day, not great, but good and am looking forward to a continuation of this with all of those plays. Thanks.

[skiracer]

The 4 open positions are having a decent day. I was expecting some movement upward an I'm getting alittle. ECOL providing the most movement at the moment and up .63. MED up .38 right here. I think there is still a decent amount of gas left in the tank even on this recent move up from 9. Some movement in KLIC and up .16. LIOX finally starting to show some strength. Up .16.
I just took a position in ACLS. I've been stalking this stock for awhile now and entered at 7.50. There's two stocks on the list that have had great runs up over the past week and they are looking great for short setups. I'm stalking both ACOR and ATHR for shorts tomorrow. I don't think we'll see anything through the end of the day today but tomorrow they could be ready for a downward move. Especially ACOR which has had a great run up. I keep hoping someone is making a few of these plays.

Please keep a close watch on ACOR over the next couple of days as it is setting up for a nice shorting opportunity and I think it is going to fall like a rock very soon. There is plenty of room for profit taking and when they run up like this for awhile the guys in at the lower end or start of the upward trend will soon begin the selloff that starts the rats jumping the ship when they begin to take their gains off the table. This is going to provide a great short play and could provide at least 2/2.5 points downside in my estimation. Worth keeping an eye on.
I'm trying to gather my thoughts on explaining my rationale and how I interpret specific chart patterns or the logic behind my interpretations of them. Aside from my plays I going to put up some other examples of patterns I like and try to explain how and why I think they will work out the way I expect them to. Just an effort to explain myself alittle better and to hopefully enlighten others to how I look at things.
Hope the week ends on the same note as today did. Here's tonights spreadsheet of the watchlist's results today:

[skiracer]

ACOR down over 2% pre-market. This could be a bloodbath. One of my cardinal rules is not to make the trade before 10 am to make sure that the gap up or down will hold because a large % of them don't after the first half hour. Usually you will see the gap up or down pullback to the previous days closing price and then if it is a real spike up on heavy volume the move will continue up. Usually propelled by all those people who missed the initial gap up and were waiting for the pullback to make an entry. If the gap up or down does hold and the stocks continues the gap the you miss the play and move on.

[peanuts]

ACOR down over 2% pre-market. This could be a bloodbath. One of my cardinal rules is not to make the trade before 10 am to make sure that the gap up or down will hold because a large % of them don't after the first half hour. Usually you will see the gap up or down pullback to the previous days closing price and then if it is a real spike up on heavy volume the move will continue up. Usually propelled by all those people who missed the initial gap up and were waiting for the pullback to make an entry. If the gap up or down does hold and the stocks continues the gap the you miss the play and move on.

Thanks for the heads-up. I might throw a few bucks at this today and see what happens. It will be like playing red all day at the roulette wheel... eventually green will hit, but that's when you lose

[peanuts]

Abmd

Here is this weeks watchlist and spreadsheet. Several names dropped off and a few were added. All of the open positions from last week will remain on the list and spreadsheet. I'm thinking that I will start a new spreadsheet of all the closed trades and to keep track of how things are going from the gain/loss perspective. I'll throw that up every now and then to see how the totats stack up.

I'm keeping the two down positions open until they either stop out or I see that they are not working out. I have placed a stop on ABMD at 14.18. That's 7 % or 1.07 below my initial entry of 15.25. I still like the play and the chart which I will post later. KLIC has been thoroughly disappointing but I am going to be holding the position open and give it some room to breathe. I think it is just finishing a "c down" wave and will spike up shortly. We'll see. I'll post a chart later on that one also. HSOA, although up .08, has a mental stop on it at 5.40 which was breached on Friday and fell to 5.28 for the low of the day but I didn't exit the trade. I'm giving it a little more latitude to see how it does at the beginning of this week.

I'll be adding a few more to the watchlist later on tonight.

It's a good thing that you eventually exited ABMD. It is down over 4% in the premarket. It also looks like a great short opportunity.

[skiracer]

It's a good thing that you eventually exited ABMD. It is down over 4% in the premarket. It also looks like a great short opportunity.

Yes, but it was a losing position. It's not on my list anymore but I'll take a look at it.

[Tatnic]

ACOR down over 2% pre-market. This could be a bloodbath. One of my cardinal rules is not to make the trade before 10 am to make sure that the gap up or down will hold because a large % of them don't after the first half hour. Usually you will see the gap up or down pullback to the previous days closing price and then if it is a real spike up on heavy volume the move will continue up. Usually propelled by all those people who missed the initial gap up and were waiting for the pullback to make an entry. If the gap up or down does hold and the stocks continues the gap the you miss the play and move on.

I believe that the time to buy acor is when no one wants it, not now after its been loved to death. I agree with you that at some ppoint this will be a bloodbath, but no one knows with any certaintly when that will happen. This is just a game of musical chairs.

[skiracer]

I believe that the time to buy acor is when no one wants it, not now after its been loved to death. I agree with you that at some ppoint this will be a bloodbath, but no one knows with any certaintly when that will happen. This is just a game of musical chairs.

I do believe you can more or less pinpoint, not with complete certainty, the area where your educated guess will put you in an area that if you watch the stock closely you will be able to find the best spot for an entry of your choice. ACOR is definitely exhibiting these characteristics right now.
But it is a game and I think there is alot of manipulation and coercion by the hedge funds and the market makers. I think it would be naive to think that they don't all talk to one another.

[spikefader]

... I'm trying to gather my thoughts on explaining my rationale and how I interpret specific chart patterns or the logic behind my interpretations of them. Aside from my plays I going to put up some other examples of patterns I like and try to explain how and why I think they will work out the way I expect them to. Just an effort to explain myself alittle better and to hopefully enlighten others to how I look at things.

Great stuff!

I think ACOR is due for the fuzzy 4 down, and today might be the day based on yesterday's pattern.