Skiracer's stock slopes

[IIC]

I'm glad this week is over. Seemed like alot of work to get a little ways. Some changes to my watchlists and positions.

LIOX: I'm removing it from the list on Monday if it doesn't wake up. Just not performing the way I expected it to. I was looking for it to come out of that cup and first handle, on the daily, much stronger. Seems to be overextended at this point and stalling out.

ATHR: Another disappointment. Stalled right at it's 200 ma and now sitting right on it's 20 ema with the 50 right below the 20. I'm looking for the 20 and 50 to hold and for it to bouce off them to continue making it up that right side. If it fails to hold here then it's toast and might be a good short back to the $15 level.

HSOA: Ended the week giving back half of this weeks gains. Better up than down but still disappointing. Would loved to have seen it hold $6. I'm letting this go to even at $5.40 before I exit the trade. Still taking some consolation in today's drop on lower volume than yesterday wasn't a distribution day. There have been several up days recently and had gotten to a recent high of $6.35 but not strong enough to hold it.

ABMD: I'm down .56 with the position. It pierced it's 20 ema and 20 ma today but closed above both of them. Todays low of the day was a lower low which I don't like to see. I placed a physical stop at $14.18. 7% below my entry. It either reverses and does what I was expecting or it gets stopped out at $14.18.

FRNT: I never make the play and it's off the list. It's been on a tear and may be extended and need to consolidate. Definitely showing signs of stalling over the last two days.

IRW: I was looking for a short with this stock but am dropping it from the list.

SWHC: Took it short this morning at $12.75. It got a little dead cat bounce at $12.25 and climbed back to close at $12.42. I still like it to drop to the $11.50 range. Remember this is only a normal and necessary pullback to consolidate recent gains in my opinion in a continuing uptrend. I'm holding and will let this go back to even at $12.75 before exiting.

This wasn't a bad week with a 25% gain in SONS, 6.3 % in TRAD, .01 % in NITE, and 1.6 % in SWHC.

2 open positions:

HSOA: long + .34
SWHC: short +.33

These are only several of the trades that I made over the course of this past week. I'm trying to give a clear picture of how I go about my trading and all the facets included in that process just to exhibit a clearly defined discipline and planning strategy.

I like the write ups you have been giving recently...although I don't agree 100% that it was retail investors that bot SWHC on the downswing...I believe that many funds buy on downswings(Maybe they buy on valuation in some cases???)...However, I agree w/ you that SWHC needs to cool off for a while.

Another thing that I would like to mention...It is very helpful if you put spaces between paragraphs like you did on the post above. This is only constructive criticism...But if you don't use paragraphs it is hard to read/follow...Thanks...Sounds like you are doing well lately...Best, Doug(IIC)

[skiracer]

I like the write ups you have been giving recently...although I don't agree 100% that it was retail investors that bot SWHC on the downswing...I believe that many funds buy on downswings(Maybe they buy on valuation in some cases???)...However, I agree w/ you that SWHC needs to cool off for a while.

Another thing that I would like to mention...It is very helpful if you put spaces between paragraphs like you did on the post above. This is only constructive criticism...But if you don't use paragraphs it is hard to read/follow...Thanks...Sounds like you are doing well lately...Best, Doug(IIC)

Glad you appreciate the effort. I'm always open to constructive critism especially if it raises the level of our posting and commentary. I think the double spacing between paragraphs is the way to go and I'll do it that way foreverafter. I can see the difference between something I posted the other night and this last one. As far as disagreeing with my take on any of these positions or trades please post anything, in agreement or not with my take, to further the dialogue and learning. Hopefully we will all be better off for it and hopefully make a few bucks at the same time.
I made a few more trades this week than I have posted here. These are just some of what I have been doing and give a decent example of all the facets of how I go about it from the watchlist to the exit however that happens. I'm doing alright this year. It takes time to prepare the charts and write it all up like this but then you know how much time it takes with all the list etc. that you are posting. That's one of the reasons for only posting a smaller number of the trades. But thanks for your comments Doug. My thinking is that we will push each other to greater heights with our commentary by what we post and make the forum that much better in all aspects.

Regarding SWHC and that small bounce intraday yesterday, I was just looking at the small amount of volume in it on the raw data and time and sales window at the time it was going on and that maybe it was just retail guys thinking it had bottomed. Usually the hedge funds and other large buyers make a little more noise with their purchases but your absolutely right about funds buying on the downside. I'm still of the opinion that it sees more downside from here before it continues up.

[peanuts]

I made a few more trades this week than I have posted here. These are just some of what I have been doing and give a decent example of all the facets of how I go about it from the watchlist to the exit however that happens.

I don't post all of my trades either. I think that is a good idea.

Paragraphs makes it easier on the eyes, dude. And is a good way to separate thoughts

I have to look into the other picks some more. Hopefully I'll have something to post afterwards.

[IIC]

Glad you appreciate the effort. I'm always open to constructive critism especially if it raises the level of our posting and commentary. I think the double spacing between paragraphs is the way to go and I'll do it that way foreverafter. I can see the difference between something I posted the other night and this last one. As far as disagreeing with my take on any of these positions or trades please post anything, in agreement or not with my take, to further the dialogue and learning. Hopefully we will all be better off for it and hopefully make a few bucks at the same time.
I made a few more trades this week than I have posted here. These are just some of what I have been doing and give a decent example of all the facets of how I go about it from the watchlist to the exit however that happens. I'm doing alright this year. It takes time to prepare the charts and write it all up like this but then you know how much time it takes with all the list etc. that you are posting. That's one of the reasons for only posting a smaller number of the trades. But thanks for your comments Doug. My thinking is that we will push each other to greater heights with our commentary by what we post and make the forum that much better in all aspects.

Regarding SWHC and that small bounce intraday yesterday, I was just looking at the small amount of volume in it on the raw data and time and sales window at the time it was going on and that maybe it was just retail guys thinking it had bottomed. Usually the hedge funds and other large buyers make a little more noise with their purchases but your absolutely right about funds buying on the downside. I'm still of the opinion that it sees more downside from here before it continues up.

Yes...I'd like to see SWHC all the way to about 10.50ish.

What sort of made me think about funds buying on the downside is Cramer...when I'm on the road at the time of his show...like yesterday (Noon to 1pm PDT) I listen to him...I'd hardly say I'm a follower of his...But I think he is a pretty interesting guy.

One thing he constantly tells people (I'll make up an example) is to buy XYZ at 9.50...then buy more at 9.00 then buy more at 8.50. In other words average down. Now, I can understand that he buys at the higher price in case it actually goes up...But if he thinks it is going to 8.50 before it reverses...why not just wait till it hits 8.50?

Yesterday a guy called in and said he made about 6 bux on AMD. Cramer tells him it will have too much competition from INTC and he thinks it is ready to pullback...So he tells the guy to sell half...If he thinks it is going down then why not tell the guy to sell it all?

The reason Cramer said that IMO is because he doesn't want to be called on being wrong...If AMD goes down the guy can still get out of the rest with a decent overall profit...If Cramer is wrong and AMD goes up he can simply say that it appeared that it would go down but....And the guy makes more on the other half because he listened to Cramer...So Cramer can't lose on this recommendation.

I met this guy at a seminar a few years ago...He is a support/resistance trader full time and he has a website. He comped me for 3 months on his site and nightly email. He concentrates on the Q's...He talks about shorting the Q's if it breaks his support level and going long if it breaks his resistance level until it reverses. You do nothing if it does not break either...The guy is hardly ever wrong in a very brief time frame...Problem is your gains can be miniscule and you'd have to buy/short about 3,000 shs a pop to make any decent money.

Later, Doug

[skiracer]

I don't post all of my trades either. I think that is a good idea.

Paragraphs makes it easier on the eyes, dude. And is a good way to separate thoughts

I have to look into the other picks some more. Hopefully I'll have something to post afterwards.

I'm just trying to illustrate a system of using specific entry points and triggers, targetted levels of exit or expectations, and the use of stop losses of some degree. Lengths of the trades and the reasoning behind the entries and exits and maybe talk about setting up some scans and stuff. And this discipline is not for everyone or should it be but just an example of one type of swing trading over a few months. This is just what I have evolved into at this point. I enjoy talking about the trades and the parts of them and except for making the time to do it all it's not a problem for me. I'm not saying anyone should follow suit.

[billyjoe]

Doug,
booyahboyaudit.com tells us Cramer is right about half the time on his last 940 calls. If he tells a person to sell 1/2 a position in case it goes down he probably figures it will raise his 50% ratio or confuse him so much he can't tell whether Cramer was right or wrong.

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

[billyjoe]

I'm just trying to illustrate a system of using specific entry points and triggers, targetted levels of exit or expectations, and the use of stop losses of some degree. Lengths of the trades and the reasoning behind the entries and exits and maybe talk about setting up some scans and stuff. And this discipline is not for everyone or should it be but just an example of one type of swing trading over a few months. This is just what I have evolved into at this point. I enjoy talking about the trades and the parts of them and except for making the time to do it all it's not a problem for me. I'm not saying anyone should follow suit.

Ski,
I'm seriously thinking about buying ERTS Monday and holding maybe 2-3 days. It's been on a tear up over 33% since July 7th . That's 15 points
I'll look at futures to make sure they're bullish and won't buy if there's a big opening gap. The funds will be stocking up on this one before the quarter ends. It's been getting lots of hype lately and I think a person can take advantage of the situation. Long term it looks good after lagging for the first 6 months of the year. Don't have an exact entry or exit point just want to make a quick $$ or get out fast if it drops which I don't see happening.

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

[skiracer]

Ski,
I'm seriously thinking about buying ERTS Monday and holding maybe 2-3 days. It's been on a tear up over 33% since July 7th . That's 15 points
I'll look at futures to make sure they're bullish and won't buy if there's a big opening gap. The funds will be stocking up on this one before the quarter ends. It's been getting lots of hype lately and I think a person can take advantage of the situation. Long term it looks good after lagging for the first 6 months of the year. Don't have an exact entry or exit point just want to make a quick $$ or get out fast if it drops which I don't see happening.

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

It always amazes me how a stock can appreciate 15 points in such a short period of time and I haven't had the slightest clue that it was moving like that. What a move to miss. This one you could have been in an out of a number of time in that 15 spike. Be careful with this play right here. Could pull back some if it begins to make it's handle within the next few days. I would definitely wait for the first half hour to see which way the wind is blowing. Good luck.

[skiracer]

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

[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

KLIC looks good...SMSI worth watching...KNOT...maybe...not watching the others as they all look like they are headed down short term...Doug(IIC)

[IIC]

Any thought on SONS?...Filled the gap...I will be watching it...Doug(IIC)

[peanuts]

nice list of stocks

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

ATHR
I am interested in this stock. It looks like it could have a very rosy future based on the chart. I wish I would have bought it at $15.

ABMD
The chart looks good, but the fundamentals lack gumption. I would look to trade this ST, but I would use very tight stops.

AEIS
Rock solid fundamentals with alot of growth potential. The chart looks to be forming a LT C&H with current target at $17.50 and the breakout target at $22.00. I will be looking for a strong entry point, but I will buy some on Monday at $16.15

EGLT
This is a risky play, but it could also be very rewarding. The stock is young, so wide price fluctuations can occur with such a low float. I've added this to my MOMO watchlist, but I'm not investing in it, yet

KLIC
KLIC needs to prove itself to me before I'll take any further interest in it.

KNOT
I think there will be some consolidation in the MT, but if the company stays healthy, the stock should be a good place to put your money in the long run

NTSC
This might be a great LT buy investment. A micro-cap with a low price. These are sometime the kind of places you can buy a few shares and just forget about them. Unfortunately, the recent trend seems to be to take your money out of micro-caps and to buy larger sized firms.

SMSI
The strong fundamentals behind this stock and the great looking chart action has this stock on alot of people's watchlists, including mine. I like the name too, Smith; I think that people buy a 'token' stock many times- usually their name. One thing is true, there sure are alot of Smith's out there.

STMP
I like the prospects of this company, I really want to own it, but not right now. The chart looks aweful. I looked at it ST, MT, and LT, and I don't like the looks of the price direction. On top of that, there seems to be quite a few people who like to short this stock. When they change their minds, and the chart looks a little better, I might change my mind about open a long position. But, I wouldn't want to short this right now, either.


Where did you get this list of stocks? I haven't seen some of them with any of my scans, but I am certainly interested in some of them. I wonder how I missed some of these? I guess that sometimes they make their moves when you least expect them to do so.

[skiracer]

Any thought on SONS?...Filled the gap...I will be watching it...Doug(IIC)

Looking back on the trade I was lucky with it. It wasn't my find and I forgot who brought it to the table but I liked the chart then and it looked ready to bounce at that time. I held it a lot longer than my normal swing trade and it finally made some gains. I was lucky to go with my gut feelings and exit when I felt it was stalling out. I stll feel that it isn't ready yet. See the chart I posted. There is a symetrical triangle forming and if it goes the way it should it could break out from that formation in a few days. So it is worth watching in my opinion. Just not ready for a long trade yet I think. I'll be watching it.

[skiracer]

Peanuts,
Glad you like the watchlist. Some of these come from my own scans, some from subscription services I use, and some I pick up randomly from reading general stock articles in the newspapers and magazines. Almost all of them have not been mentioned by anyone else here recently so it's good fodder for everyone if they want to take a look at them. I appreciate the feedback whether you agree or not. I will not play all of these and right now am just starting to really take a close look at their charts to see which ones might present tradable setups. I'll be posting charts on all of them over the course of today and this coming week. And if I do make a play on any of them I'll post the plan before I make the play.

I'm adding COGO to the list. I had mentioned it last week as a long play if it held $14.53 but it never did hold that level so I let it go but am still watching it closely. This is one of Morpheus Trading Group's picks. It's one of the subscription services I use. You can see what they do at their website at www.morpheustradinggroup.com.

[skiracer]

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.