Skiracer's stock slopes

[Runner]

SRNA>
18.01 still holding for now as a market structure low with long trigger @ 18.87

[Runner]

earning hurt, new low recorded.

[skiracer]

I never took a position in the stock but I got the lead on it from Briefing.com's swing trader market technician. I thought at the time that technically it looked decent but was waiting for confirmation of a move up which never came so I never entered. I have kept an eye on it because they all bottom out sooner or later and when they do start back up the right side of their base it's a great time to catch a swing. I think, not exactly sure, they just reported either in line or slightly above earning estimates and got slammed because they revised guidance lower on their net for next qtr. or year. I love them when they do that because after the initial slam is over with there is usually a nice bounce and by that time everyone has usually forgotten that they are a good company and basically fundamentally sound so guys like me are patiently waiting in the shadows for that to come around. SRNA is one of those good companies that is going through that in their life cycle right now. Be patient and keep watching. What goes around comes around to those who are patient an in control of their money an emotions.

[Runner]

Ski, ya still in MAIN?

[skiracer]

Runner,
Still holding MAIN from 2.86. Not a bad day today. I thought it was going to go off today but pulled back and ended at 3.12. Still can't complain. Up .26 on a decent position.

HTRN was a rollercoaster today. High of 13.30 and low of 12.56. Always a wide range during the intraday. I haven't been in the office much lately and haven't been watching the screen all day. But this stock always seems to drop alot and then recoup. It would be making for a great play intraday if you were there all day to catch the swings.
SNRA up .78 but was as high as 1.63 intraday. Did I hit that one on the nose. A great play intraday today but you had to be there. The momo players picking up on it.

[Runner]

SKI, great job with MAIN, I missed it today. Lo

[Runner]

My sloppy chart of $spX

[skiracer]

Runner,
I can't take all the credit for MAIN. I got the lead from Zack's research an one of their scans. It was one of two stocks that turned up in one of their analysts scans. Turning out to be a good selection. I think todays action was the result of some breaking news regarding this:

[skiracer]

Can anyone explain to me why it does this horizontally across the page instead of vertically?

I see where Ninner and New-Born were posting on GOOG. I would be looking to short before looking long for two reasons. One is the market looks to be alittle overbought as per the article above and the stock looks like it could be at a point where it would be a good point to consolidate some of it's recent gains. NUE looks great as it is way below it's recent highs and there is plenty of room to move up.

[New-born baby]

I see where Ninner and New-Born were posting on GOOG. I would be looking to short before looking long for two reasons. One is the market looks to be alittle overbought as per the article above and the stock looks like it could be at a point where it would be a good point to consolidate some of it's recent gains. NUE looks great as it is way below it's recent highs and there is plenty of room to move up.

I am with you, Ski. And I love that article you posted today. Keep 'em coming.

[skiracer]

Here's a prime example of trading the news. This issue was up over 4.75 points in the early pre-market on just this news release that came over the Briefing.com's newswire service. Nothing else just this snip of news. Do you think a few retail guys are going to get caught in a trap today after the run-up and the momo guys bail with their gains. I caught news at 8:11 am an it was already up 4.75 points. What time do these guys get started trading. I wish it was me.

[skiracer]

New-Born was posting that he thought it would be a good idea to have a thread about chart analysis and the discussion thereof. These charts are from Briefing.com's market technician whom the call the Swing Trader Column. He usually posts everyday about his take on the market and what stocks he thinks might be setting up for either short or long plays. Best of all is that he gives his explanation along with it in a chart with annotations. His examples are the real mc coy and are the corrrect definition of whatever examples he puts up. It's a great way to learn exactly what different patterns are an how they setup. I subscribe to the service so it is no problem for me to upload them here for anyone who wants to learn abit more about TA from a true market technician. Here are todays:

[New-born baby]

Just what I wanted

Ski,

Keep it coming! Thanks!

[skiracer]

Meant to upload this with those other charts but made a mistake an uploaded one set twice. Sorry. Also why the hell are they lining up horizontally? Anyone know the answer an how to change it or fix it?

[skiracer]

I'm holding both of these. Main from 2.86 and PTMK from 8.87. Both up and doing ok so far. Barcharts opinions on they as of today. First PTMK and second MAIN.