Skiracer's stock slopes

[IIC]

8/28 plus filler

What does filler mean?

[Louetta]

What does filler mean?

My system requires a minimum length for a post so I had to pad it.

[IIC]

My system requires a minimum length for a post so I had to pad it.

Oh.........................................

[skiracer]

TRAD: has consolidated some of it's recent gains and is shaking out the last of the sellers at this level. Still holding and looking for it to move to next level of resistance at $16.50.



NITE: down .38 from my entry. In trade from 9/05. Showed alot of strength today coming back from the $17 level to close off .09 for the day. Giving NITE one more day to show something or I'm closing the position.



SONS: been in this play for a couple of weeks. Seems stuck at around $5/5.15 range. Good newsbreak this morning but didn't push it over the top. Will consider closing the position and taking the small gain after seeing which way the wind is going to blow tomorrow.



HSOA: Bought it today at $5.40. No stop in place yet but keeping a close eye on it to protect the small gain. Caught a nice entry today. Looking for the current momentum and a possible short squeeze to push this one to the $7 range.



SWHC: shorted at $12.46 this morning and covered at $12.20 this afternoon. Very dissappointed with the play. Looked very promising when it hit the low of day at around $11.55 but reversed on some good guidance news late in the afternoon. Very overbought and needs consolidation. Keeping on the list for a possible short tomorrow under $12/12.20 range.

[IIC]

Ski...I agree...SWHC needs to consolidate here...But sometimes you get a lot of people who see a p/b on a good stock and think..."Oh I missed it...Now I can get in cheaper"...That could affect(delay) the much needed p/b...Similar situation w/ GROW IMO....Doug

[skiracer]

Ski...I agree...SWHC needs to consolidate here...But sometimes you get a lot of people who see a p/b on a good stock and think..."Oh I missed it...Now I can get in cheaper"...That could affect(delay) the much needed p/b...Similar situation w/ GROW IMO....Doug

Like yesterday I have a targetted entry point. Yesterday it was $12.50 and today it's under $12. I wouldn't make the play before 10 am and I would have to see it drop below $12 and hold to at least 10 am before I would do anything. You might be right on the pullback thing and people buying, retail investors, but I don't think any institutional or hedge funds will be doing any serious accumulating before that consolidation and the pullback happens. I'd like to see a 1/1.5 point pullback from here. I still think it is a great shorting opportunity but only if it fits the plan. I'll be watching it closely this morning for an entry on the short side. When it hit $11.55 yesterday I thought the bottom was going to fall out for sure. Ya just never know for sure. That's why it is so important to protect your gains.

[Rob]

Very nice post, Skiracer, with all those commented charts! Love it! I don't agree 100% with all the interpretations, but that's no big deal. Very thought-provoking. Thanks!

[skiracer]

Very nice post, Skiracer, with all those commented charts! Love it! I don't agree 100% with all the interpretations, but that's no big deal. Very thought-provoking. Thanks!

Thank you Rob. You hit the nail right on the head. No need to agree completely but to institgate thought on the plays and good dialogue about them is the key. Hopefully this is what will raise the level of what is going on at this forum and draw others to it. In the meantime maybe we might evern make a few dollars while we're at it. Thanks again. As you have heard many times you are doing a great job with the POTW and have raised the playing level substantially through your selfless efforts. All of this combined will make this the place to be. Thanks again.

[skiracer]

Watching ATHR very closely here. Looking for an entry over $18.20 anytime after 10 am if it holds. Check out the daily chart. I like it to $19 from here and if it breaks resistance at $19.15 at the 200 ma it could really go off. This is one where the r/r can really pay off as the downside risk is quite low and the upside could be really high. In a rush and will post more on it later after the open. Looking for an entry this morning. This one is the top one on my close watchlist if you look back a few posts.

[Lyehopper]

SWHC.... Look for a bearish topping pattern

You might be right on the pullback thing and people buying, retail investors, but I don't think any institutional or hedge funds will be doing any serious accumulating before that consolidation and the pullback happens. I'd like to see a 1/1.5 point pullback from here. I still think it is a great shorting opportunity but only if it fits the plan. I'll be watching it closely this morning for an entry on the short side. When it hit $11.55 yesterday I thought the bottom was going to fall out for sure. Ya just never know for sure. That's why it is so important to protect your gains.

Ski, Shorting SWHC (right now) looks dangerous to me. The earnings report was pretty awesome and the stock is modestly priced given current growth I think.

Why not wait till you see a clear topping pattern (and churn) to short it? I got burned shorting NRPH with a similar chart. Had I been more patient and watched for the right top I could have easily made 30% shorting it.... But by then I was gunshy of NRPH's ability to "pop" on me and I missed the slide.

FTO on the otherhand was different I waited for a clear SHS top and churn.... It worked out pretty good.

[skiracer]

Ski, Shorting SWHC (right now) looks dangerous to me. The earnings report was pretty awesome and the stock is modestly priced given current growth I think.

Why not wait till you see a clear topping pattern (and churn) to short it? I got burned shorting NRPH with a similar chart. Had I been more patient and watched for the right top I could have easily made 30% shorting it.... But by then I was gunshy of NRPH's ability to "pop" on me and I missed the slide.

FTO on the otherhand was different I waited for a clear SHS top and churn.... It worked out pretty good.

Lye,
I like SWHC to continue the current uptrend but after some consolidation, which I think, is normal and healthy, and I think this point on the chart is a prime point for it to consolidate some down to the $11 range or a bit lower before it continues the uptrend. I also like the candle pattern of the lower lows to continue down in this correction pattern. But I'm not even saying that I am going to make the trade until it goes to that point that makes me feel the momentum is going in that direction. I thought I had it yesterday but no cigar. I look for those topping patterns to confirm my feelings all the time. On the daily would you say that it had reached a top? Weekly is still short of a top or getting right there, but my interpretation was that it had hit a point where it needed a pullback. Now if after a reasonable drop it can show the new strength to continue the uptrend based on those good reports then it should continue the uptrend.

[skiracer]

Watching ATHR for a long entry and SWHC for a short entry. Both are performing as I was expecting but I'm holding off until after 10 am or longer. SWHC dropped almost immediately and now down under $12. Alot depends on the mood of the general market.

[skiracer]

No short today for SWHC. Won't be trading ATHR either. ATHR is probably going to turn out to be a decent trade but for some reason the chart action this morning didn't instill that confidence in the entry point and now I have missed what appears to be a decent move. I won't chase it.

[skiracer]

An uneventful day today. TRAD continued it's upward trend tacking on another .31 to $15.80. Up .99 with the trade. I mentioned in yesterdays post and chart that I like it to $16.50. Nothing has changed with that target and I don't expect to see any consolidation of considerable portion from $15.80 to $16.50. Still holding with no stop in place at this time. NITE is finally coming around. I would have like to seen it hold closer to the high of the day today but it's back over my entry point and all moving averages that I track. Yesterday I felt tired of the position and but today I've changed my mind and am going to hold the play and am looking for a realistic $18.50/19.00 from the trade. Take a look at the chart I posted yesterday and add another .45 to yesterdays close and that range doesn't seem prohibitive from todays close. SONS has been a decent play for me from $4.55. Up 1.15 points at todays close. I've been in the trade for almost 3 weeks to date and decided to take the gains off the table today at $5.60 and I exited the position this afternoon. I just wasn't feeling good about the stock after that gap up this morning an it wasn't able to hold it or build on it at all today so I'm out. HSOA has been on a nice uptrend since it reversed at $4.35 range. Closed today at $6.08 which is 1.73 points up in the last few days. That's almost 40 %. I'm up .68 after today but in all honesty didn't like the action this afternoon. I would have liked to seen it hold closer to the high of the day at $6.35 but this afternoon made me think that there are still sellers out there looking to get even or close to even at this level. That last candle on the 15 min. was good and the daily is showing volume coming in. Today was another accumulation day over yesterday. I haven't placed a stop on this play yet but tomorrow morning I'll be watching it close to see what it wants to do. There are people out there who think this stock is a buy at these prices. SWHC turned out to be a better long than short. I still believe the stock will consolidate at this range and what I liked from the short perspective was that it closed off the high of the day. I'm keeping it on my short watchlist for the time being. Peanuts had the play down with yesterdays call in his thread but no cigar because he didn't make the play. They only count when you own them. ATHR is another stock that I have been watching for a couple of weeks. I was ready to make the trade but in the morning it kept bouncing up and down and it made me apprenhensive towards the position. In my indecisiveness the stock goes off somewhat and I don't make the trade. Yesterday, closer to the open, was the better entry of the two days. I missed them both. Hope someone caught it. I'll be adding a couple more to the close watchlist tonight or tomorrow.

SONS: long: entry: $4.55 exit: $5.60 gain: + 1.15 / 25 %
SWHC: short: entry: $12.46 covered: $12.20 gain: +.20 / 1.6 %

[skiracer]

I picked this up off the Briefing.com TradersInPlay newswire;
13:22 GROW Notable Mention: GROW (32.75 +0.47)
We see GROW on the RegSho list today, and haven't seen it there before. Stocks on the list may have fairly high levels of naked short interest, and inclusion on the list sometimes forces short covering. BriefingTrader Note: We have previously seen some nice short squeezes in fairly low-float shares that appear on this list, including HSOA. So we're keeping an eye on GROW in coming days based four factors: 1) A strong chart w/ potential for a breakout above $35; 2) potential of further upside on a breakout with the added factor of its RegSho list inclusion; 3) its status as No. 1 on the IBD 100 list, which also could add momo to a breakout; and 4) GROW's low float of about 5.6 mln shares. -- Mike Tarsala, [email protected].

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