Skiracer's stock slopes

[skiracer]

i hope anyone that bought CBOU on my take and posts followed me on my exit. the writing was on the wall right in front of me this morning and i gave it as much leeway as i could. actually saved a couple of % points in getting out at $6.10. - .35 pts / -5% on the trade. but here is an explanation of how i see it now. i still like the stock and will wait a bit to see which way the wind is going to blow with the markets and the stock. here is how i view the stock after todays action. sometimes when a stock falls farther and more than what my loss was after my exit i look at that as a gain since if i were to re-enter and the stock goes back to my exit point it is usually a larger gain than what my loss was on the first trade. in this case and entry at 5.58 moving back up to 6.10 would be .52 or .17 more than my .35 loss on the first trade. thats just how i see it. here are a daily and a weekly chart on CBOU after todays action:

[wooish]

Thanks for the updated chart. I like how you think in an optimistic way and made an exit before the stock tanks further. On a positive note, the stock didn't fall below the support line at around $5.38. Tomorrow will be interesting, if it tanks below $5.38, the next support would be around $4.5. However if the stock turns green tomorrow, next resistance would be at $6.15.

From today's action, IMO this stock is heavily dependent on how the market is performed. Today's bloody red market triggered a panic selloff. This thing would've hit over $6.5 if the market is green. I'm keeping a close watch to make an entry.

[skiracer]

Thanks for the updated chart. I like how you think in an optimistic way and made an exit before the stock tanks further. On a positive note, the stock didn't fall below the support line at around $5.38. Tomorrow will be interesting, if it tanks below $5.38, the next support would be around $4.5. However if the stock turns green tomorrow, next resistance would be at $6.15.

From today's action, IMO this stock is heavily dependent on how the market is performed. Today's bloody red market triggered a panic selloff. This thing would've hit over $6.5 if the market is green. I'm keeping a close watch to make an entry.

Wooish,
two points about exiting a position. it curbs losses and you can always re-enter at a lower point. i hate to make a losing trade but i never expect for anything more than 3 out of 10 winners. so expecting 7 losers out of 10 trades doesnt leave me distraught over having a loser. thats why its so important to me when i have a winner to let them run and max out. i still like this stock and would consider a re-entry. i also agree with your point on this stock and many others being dependent on how the market performs. good luck.

[wooish]

CBOU seems to be holding up pretty well at $5.30. I almost pull the trigger to buy at this price but decided to wait. I ended up buying SNDA @52.48 as I believe this thing will climb to $56 on an up day.

[skiracer]

CBOU seems to be holding up pretty well at $5.30. I almost pull the trigger to buy at this price but decided to wait. I ended up buying SNDA @52.48 as I believe this thing will climb to $56 on an up day.

profit taking today. i like snda at this price and agree with you that 56 is an attainable target. i actually think that 60 would be feasible.

[skiracer]

here are a few stocks that i am watching for next week. i'll post some charts over the weekend.
CBOU, FEED, HRBN, MED, SNDA. everyone one of them is strong fundamentally and off recents highs. this correction has provided great entry points for long plays on these. right now i am in cash in the trading acct.

[yoyomama]

I grabbed FEED yesterday at $4.88 & got out this morning at $5.05. That worked out. It dipped way down at the open though...glad I didn't have a stop. Got away with one.

[wooish]

CBOU is or near bottom @5.20s, FEED should be reversing up. I'm waiting for MOnday for confirmation.

[skiracer]

CBOU is or near bottom @5.20s, FEED should be reversing up. I'm waiting for MOnday for confirmation.

wooish,
I really like all five of those stocks. nothing has changed with CBOU except some profit taking in a bad market environment for long positions. i think we will see a good entry and make a few points with it from this level.

[skiracer]

but what really bothers me of late is the lack of good stock discussion from the members. good stock talk is what really drives membership up. without that people lose interest and begin to wonder if it is worth spending their time with it. i dont think it matters whether or not you're new to trading or an experienced trader. it's good dialogue that keeps the interest up and will push membership.

[skiracer]

but what really bothers me of late is the lack of good stock discussion from the members. good stock talk is what really drives membership up. without that people lose interest and begin to wonder if it is worth spending their time with it. i dont think it matters whether or not you're new to trading or an experienced trader. it's good dialogue that keeps the interest up and will push membership. [/quote]

[billyjoe]

Ski,
They've all got great earnings forecasts and sales growth except CBOU's sales for the past 12 months haven't been stellar. MED is the one that stands out in my mind. Outstanding in earnings growth, sales ,stability of price, greatly undervalued to my way of thinking. I remember similar discussions about MED maybe 2-3 years ago. Maybe it's matured and about to breakout as we always thought it would.

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

[billyjoe]

Ski,
I see that MED is being a little more cautious and conservative in opening their new weight control centers and franchises in these economically challenged times. Limiting them to only 10 or so a year. Remember when SBUX was opening thousands of new stores and shortly afterward closed thousands of stores? The management seems to go for quality rather than quantity. I like that.
Vectorvest currently ranks MED #3 out of 8013 stocks, not too shabby.

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

[skiracer]

Ski,
I see that MED is being a little more cautious and conservative in opening their new weight control centers and franchises in these economically challenged times. Limiting them to only 10 or so a year. Remember when SBUX was opening thousands of new stores and shortly afterward closed thousands of stores? The management seems to go for quality rather than quantity. I like that.
Vectorvest currently ranks MED #3 out of 8013 stocks, not too shabby.

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

i closed the first trade out and still love it at this level. this week ought to provide a decent entry anywhere here or lower.

[skiracer]

i like SNDA very much but it depends alot on market direction. it has now breached its 20 and 50 ema's and next support is at the 100 ema at 47.98. it if holds there it will provide a great entry at that level and plenty of room for gains. check out the weekly chart and you'll see what i am talking about. so much depends on market direction.