Skiracer's stock slopes

[skiracer]

A fresh week and I'll be starting a new watchlist and spreadsheet for the week of 10/2 to 10/06. All of the open positions from last week usually start the week on the list. But I'm pretty sure several will exit the list shortly and new ones coming on. Last week averaged out at + 28 %.

AEIS
ATHR
HSOA
KLIC
KNOT
MED - new addition
ECOL - new addition - these two are right at that spot on the making
the new right side of their cup coming off bottoms. These
trades at this point required a well planned entry, stop, and
target in place to control the trade.
STMP - another one coming off the bottom. Range bound at this
level for awhile now. Looking for it to start to move off the bottom.
GIGM - new addition - different type of setup and chart than the two above.

[billyjoe]

Ski,
I think MED is a potential big winner with stocklemon off their back and recent analyst initiation at 11.00 target and outperform. The first stock that stocklemon ever admitted "had a good business plan and are following through with it". Rare stock that has gone from OTC--AMEX--NYSE. 27 consecutive quarters of increased growth. Revenue up 89% yr/yr , income up 100% yr/yr.
Increased guidance 4 consecutive quarters.

----------billyjoe

[skiracer]

Ski,
I think MED is a potential big winner with stocklemon off their back and recent analyst initiation at 11.00 target and outperform. The first stock that stocklemon ever admitted "had a good business plan and are following through with it". Rare stock that has gone from OTC--AMEX--NYSE. 27 consecutive quarters of increased growth. Revenue up 89% yr/yr , income up 100% yr/yr.
Increased guidance 4 consecutive quarters.

----------billyjoe

Billyjoe,
MED and I have a history. I owned it several times almost two years ago. Did well with it. Ended up that the last position I owned at that time I entered around $12 and it went up and then some news broke and I got caught without a stop in place and it went down below my normal 7% and I was indecisive and ended up losing about 25 % on that trade without even realizing how fast it happened. Wiped out whatever gains I had made previous to that and moreso. Just another reinforcement on the stops and how important they are. That trade cost me over $8000.
I like it alot from here but want to get in at the right entry. There are also two prominent gaps on the daily that need to be filled and eventually will fill. It would be nice to be in for those fills. Right now it below all of it's moving averages. The 20 ma at 8.91 and the 20 ema at 9.35 are the earliest lines of resistance. Then the 200 ma at 11.22 and the 50 ma at 12.42 are resistance after them. It has it's work cut out but I believe there going to be areas to trade within those prices.
I like it here above 8.90 / 9 range. I would like to get in right off the bat on Monday if it goes as I think and would like to see it go but will wait at least until 10 am and to see that it clears my entry trigger points.

[peanuts]

AEIS
ATHR
HSOA
KLIC
KNOT
MED - new addition

Not a bad list of stocks you have there, ski.

AEIS- I'm looking for it to form a handle on the very nice cup formation
ATHR- I'm not looking for this make make any sudden moves, but I'm sure you will let us know if it does
HSOA- I won't touch this with a ten foot pole, dude. With all the commotion surrounding it, I'd rather be on the sidelines
KLIC- still has not proven itself to me
KNOT- now this one, I like a lot... I'll like it even more at $21.45, where I am placing a large limit order. I will be buying an opening position on Monday at $22.00 - $22.50. Great Pick
MED- I've tried to stay away from bottom picking, lately. I like to find stocks that are beating the index benchmarks

Good Luck next week, dude!!

[skiracer]

i

Not a bad list of stocks you have there, ski.

AEIS- I'm looking for it to form a handle on the very nice cup formation
ATHR- I'm not looking for this make make any sudden moves, but I'm sure you will let us know if it does
HSOA- I won't touch this with a ten foot pole, dude. With all the commotion surrounding it, I'd rather be on the sidelines
KLIC- still has not proven itself to me
KNOT- now this one, I like a lot... I'll like it even more at $21.45, where I am placing a large limit order. I will be buying an opening position on Monday at $22.00 - $22.50. Great Pick
MED- I've tried to stay away from bottom picking, lately. I like to find stocks that are beating the index benchmarks

Good Luck next week, dude!!

Thanks Peanut. MED came up on one of my scans this week that looks for stocks that have hit lows and are emerging from those low points and starting to make that right side of their cups. It can be a gamble at times, but what isn't, and I try to make the edge as much in my favor as I can. But when you do get in at these points early on the ride is fantastic. If I were to enter at 8.90/9 range I would keep a close stop on the position. So I would set a stop around 8.50 and the first resistance is the 20 ema at 9.35 and the second at the 20 ema at 11.22. I think if it breaks 9 it will go past 9.35 and 11.22 would be the next level of resistance. Thats a little more than 2.25 points to resistance which is an r/r of 4.25/1. Of course it has to do that but I can live with that r/r and that stop loss.
Plus it has that small gap right there at 11.22 area which if filled takes you to 12 range. I like the risk ratio on this play.

I do have my thoughts on the rest of the stocks on this list and will post some charts and comments on them sometime this weekend.
Quickly with AEIS. I like it to start that little downward slope right here and form that handle on the daily. Then a major breakout from these levels is conceivable. Well see what this week will bring.

That was a nice write-up on USLM you did over at your thread. Very informative and believable knowing that you are involved and on top of that industry. Good stuff.

[skiracer]

fresh week and I'll be starting a new watchlist and spreadsheet for the week of 10/2 to 10/06. All of the open positions from last week usually start the week on the list. But I'm pretty sure several will exit the list shortly and new ones coming on. Last week averaged out at + 28 %.

AEIS
ATHR
HSOA
KLIC
KNOT
MED - new addition
ECOL - new addition - these two are right at that spot on making
the new right side of their cup coming off bottoms. These
trades at this point required a well planned entry, stop, and
target in place to control the trade.
__________________
skiracer

[skiracer]

A fresh week and I'll be starting a new watchlist and spreadsheet for the week of 10/2 to 10/06. All of the open positions from last week usually start the week on the list. But I'm pretty sure several will exit the list shortly and new ones coming on. Last week averaged out at + 28 %.

AEIS
ATHR
HSOA
KLIC
KNOT
MED - new addition
ECOL - new addition - these two are right at that spot on the making
the new right side of their cup coming off bottoms. These
trades at this point required a well planned entry, stop, and
target in place to control the trade.
GIGM - new addition - different type of setup and chart than the two above.
__________________
skiracer
Last edited by skiracer : Today at 01:21 PM.

[skiracer]

A fresh week and I'll be starting a new watchlist and spreadsheet for the week of 10/2 to 10/06. All of the open positions from last week usually start the week on the list. But I'm pretty sure several will exit the list shortly and new ones coming on. Last week averaged out at + 28 %.

AEIS
ATHR
HSOA
KLIC
KNOT
MED - new addition
ECOL - new addition - these two are right at that spot on the making
the new right side of their cup coming off bottoms. These
trades at this point required a well planned entry, stop, and
target in place to control the trade.
STMP - another one coming off the bottom. Range bound at this
level for awhile now. Looking for it to start to move off the bottom.
GIGM - new addition - different type of setup and chart than the two above.
__________________
skiracer

[spikefader]

A fresh week and I'll be starting a new watchlist and spreadsheet for the week of 10/2 to 10/06. All of the open positions from last week usually start the week on the list. But I'm pretty sure several will exit the list shortly and new ones coming on. Last week averaged out at + 28 %.

AEIS
ATHR
HSOA
KLIC
KNOT
MED - new addition
ECOL - new addition - these two are right at that spot on the making
the new right side of their cup coming off bottoms. These
trades at this point required a well planned entry, stop, and
target in place to control the trade.
STMP - another one coming off the bottom. Range bound at this
level for awhile now. Looking for it to start to move off the bottom.
GIGM - new addition - different type of setup and chart than the two above.
__________________
skiracer

Nice ski!

Thanks for sharing; I'll be sure to watch these next week. Haven't looked yet, but will over the weekend sometime. Shoot, maybe I should take one of these long for POTW! hehe

[billyjoe]

Ski,
From what you said about getting in MED at around 9 and stop @8.50 your stop is around 5.5%. Do you vary this if you are looking at a potential long term trade ? It seems the volatility would kill about 85% of your trades. Do you ever look for low beta stocks to help the situation? Thanks

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

[IIC]

Nice ski!

Thanks for sharing; I'll be sure to watch these next week. Haven't looked yet, but will over the weekend sometime. Shoot, maybe I should take one of these long for POTW! hehe

Spike...why don't you take HSOA?

[IIC]

FWIW...Last weekend's Ski's Racers were 8 up 1 dn this past week. Nice job. IIC's Killer Watchlist was 12 up 4 dn...Doug

[skiracer]

Ski,
From what you said about getting in MED at around 9 and stop @8.50 your stop is around 5.5%. Do you vary this if you are looking at a potential long term trade ? It seems the volatility would kill about 85% of your trades. Do you ever look for low beta stocks to help the situation? Thanks

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

Billyjoe,
I can appreciate your statement about the higher volitality stocks and their wider movement enhancing the chances of your getting stopped out. I don't purposely look for lower beta stocks to avoid that. I like the more volitaile stocks in that they at least move. It's interpreting the charts correctly and catching them at the right moment in their cycles that puts that higher volitaility to work for you. You can't always catch them right and they don't always do what you expect of them thus the stop loss principle.
I usually set the stop at 7 % from my entry but nothing is written in stone and depending on that gut feeling there are times where I will set them alittle tighter. Like Spike always states, "it's catching them at just the right moment" that puts the edge in your favor. That means interpreting the chart correctly. But we're only human and we're not always right.
I would reserve decision on the stop until I was in the trade and saw which way the wind was blowing.

[skiracer]

Spike...why don't you take HSOA?

Doug,
Don't be a meanie. Those sarcastically biting statements can come back to bite you on the ass.

[IIC]

Doug,
Don't be a meanie. Those sarcastically biting statements can come back to bite you on the ass.

Geez...And after I just wrote a complimentary post about you over at Lou's thread.

HSOA will never bite me in the a**...If I'm wrong...I'm wrong...Doug