CMTL ==> The Spring Break Winner

[IIC]

At this point yes

Except I was talking about CMTL

[Runner]

SKI, nice chart of CVH. This stock has been one heck of a power horse. I believe 89.00 target is possible if it clears 73. I also see a possible target of 41.40 on CMTL. CMTL does need to pop out 36.00 But as the saying goes, time will tell….LOLO

[Runner]

Ya’ll keep it up. Nice input from all concerning charts and stocks and this makes for a interesting learning site.. Of course I understand not any 2 of us view things in the same light, with different styles and holding times.

[skiracer]

I agree with you completely. I'm a short term swing trader but sometimes end up holding them much longer than my strategy's call for which is no problem as long as they are above your loss point. I just like to keep the money working an earning one way or another.
You're point about the learning experience from reading other points of view is IMO what it is all about. You can always learn something new from another's posts and being able to question their point of view can be enlightening if you will take the time to let it an absorb what someone else's take is on the subject. We're all never going to agree totally on any topic but keeping the dialogue flowing without taking an attitude if someone disputes your position are the building blocks that will educate and make you a better trader thus increasing your chances at making a profit.

[skiracer]

Doug,
Like you I'll be looking for an intraday or short swing trade on the next pullback. I had it at the right time the first time I entered but was alittle to hasty in taking the gains. This is a strong stock and will be one of the leaders as the market strengthens. Worth keeping a close eye on over this coming week.

I also like a quick short play if it hits 36+ and the top of the channel Monday or Tuesday. Short it at where it hits the channel line, exit the short play anywhere between 34/35 range, and go back long for the next leg up. This could be setting up for a trade on both the short and long sides over a short time period.

[New-born baby]

Markets must help

My view of investing is that is very hard to buck the trend. "When they raid the house, they usually take it all." I try to trade with the trend.

Right now, I see the market in an overall downtrend, with interminent upswings. I think Monday may be an upswing day, and CVH could be a daytrade candidate. I am not looking for a long term relationship with any stock at this time. Besides, day/swing trading is more fun.

[Runner]

I had a feeling you were going to explore the world of D/T and swing trading Newborn. Best wishes in your endeavor. Careful with all the excitement, big challenge for me was I don’t need to be in the market all the time and DT everyday. One huge benefit I’ve learned is ETS or entry, target, and stop…Greed has burned a whole in my pants many times and like the saying goes nothing wrong with locking in a profit.

[ninner]

Ninner: Just wondering?...I never heard of anyone following the 50 week MA...Is there any particular reason? I was thinking it was a year due to holidays...but it is really not...but it's close enough.

Anyway, I really admire people like New Born, Runner and others who are learning a lot from Spike. Heck, I've been investing for over 30 years(22 as a serious investor) and I learn stuff from Spike all the time.

One last thing...Just looking at your chart, I think most everyone would think that it was the 50 day if they were not already familiar with the price action on the stock. I have stockcharts.com, although I only use it for certain things and am not familiar with 2/3 of the features...but I never saw where I could put in a weekly MA...Is that in the Beta? I would've put in 250 days or something if I was looking for a year.

Another last thing...I believe it is customary to put LOL or if you are just trying to give someone a rib...Best, IIC

no the 50 week is of no significance i was just bugging new born about mistakenly call the 50 week the 50 day.....and you are right i should have went lol went i was bugging newborn....

cheers all

[ninner]

IIC,

You are speaking of a swing trade, I presume? I would agree that CVH will have a bounce here. Here' how I see a swing trade (remember: this is my worthless opinion).

Finally, I want to remind you that CVH is at resistance right now. If you look at the current price, and then look across the chart to the left, you can see that it is at a previous resistance level. It will need to bust through resistance to signal a buy. Once that happens, I'd target $70.75 and then be looking to get off the train if serious resistance is encountered.



Click on chart, and then click a second time to enlarge.

Ninner,

Happy trading to you!

happy trading to you as well newborn!!!

cheers

[ninner]

u could be right about cvh not being able to hold a breakout except for the fact alot of big money is going into hmo and healthcare....so depending on how earnings go on monday it should be interesting by the way based on examing the other hmos pe and growth potential i have set a end of the year target of 93.....

cheers

[New-born baby]

You are so RIGHT, Runner!

I had a feeling you were going to explore the world of D/T and swing trading Newborn. Best wishes in your endeavor. Careful with all the excitement, big challenge for me was I don’t need to be in the market all the time and DT everyday. One huge benefit I’ve learned is ETS or entry, target, and stop…Greed has burned a whole in my pants many times and like the saying goes nothing wrong with locking in a profit.

Runner,

Truer words have never been spoken. I read Jessie Livermore's books and he spoke often about "watching that the excitement doesn't make you trade everyday." I've made that mistake a few times. Livermore said that it took him years to learn that lesson.

I like your stuff, Runner! Keep posting your trades and possible trades.

[ninner]

as well i dont see much resistance at those highs because correct me if i am wrong but there would be more resistance at its highs if the stock had tried previously to break out and failed a few times...i just dont see that.

IIC,

You are speaking of a swing trade, I presume? I would agree that CVH will have a bounce here. Here' how I see a swing trade (remember: this is my worthless opinion).

Finally, I want to remind you that CVH is at resistance right now. If you look at the current price, and then look across the chart to the left, you can see that it is at a previous resistance level. It will need to bust through resistance to signal a buy. Once that happens, I'd target $70.75 and then be looking to get off the train if serious resistance is encountered.



Click on chart, and then click a second time to enlarge.

Ninner,

Happy trading to you!

[ninner]

another thing is i like how as the stock glided down towards the 50 day ...volume decreased signifcantly...this tells me that institutions arent selling their shares!!!

[New-born baby]

Day/Swing trade

as well i dont see much resistance at those highs because correct me if i am wrong but there would be more resistance at its highs if the stock had tried previously to break out and failed a few times...i just dont see that.

Ninner,

I am just a day/swing trader. When CVH hit resistance today at 69.68, the party was over for me. I cannot tell you what price CVH will be next week or next month. I just look at the prospects for a one-two day profit (preferrably, a one-day wonder). I scalp stocks.

No doubt CVH has been very hot. I hope you make a killing off of it.

At some point it hits resistance because buyers say, "Its never gone that high before, and I don't want to pay that much." Earnings and dividends will limit it just like they do all stocks sooner or later. I haven't check the fundamentals to see where that might be.

[New-born baby]

the Party is Over

Nimmer,

Here's the reason I think that CVH cannot make new highs right now.



Get the picture? The Green man is going to raise interest rates again. Oil is going up again. These two factors are going to send the market spinning downward. We are--no doubt about it--in a recession right now. It'll take the Greenman 4-6 months to figure that out. So in the meantime, he is trying to slow down the economy.

And CVH's failure to make new highs doesn't have a thing to do with the health of the company. "Market conditions do."