Cashmaker's hot stocks and trading

[spikefader]

NGPS @ 17 strong support.....What I would like to say is if you want to earn some quick money, this is it. .....If you are finding a stock to trade at the bottom, this is it. I am holding it tight, won't sell it under $25. YMYD, don't put all your money into one basket.

cash, come on man, lol. 17.00 strong support?? How so?
In respectful rebuttal, I observe the following:
Channel long yesterday has failed. Bearish. It had a nice inverted SHS set up ready for the neckline break, and there was disinterest in it. Bearish.
Volume by price wise on the daily it is losing support; and on the weekly, it has lost the support. Bearish.
Weekly channel has turned down to flat; just about to turn down; bearish.
The previous chart I gave you showed the bearish bias and the work it had to do. It has failed to actually DO that work and slipped further down; bearish.
Today, still no interest. Intraday today it look slippery and descending.
Sure, it's near price support. The only thing significant about that price support is if it fails it's in real trouble of falling to 12.00.

Honestly dude, this is NOT a good buy at the moment. I really don't understand why you would be pushing this one. Honestly bro, this has a LOT of work to do before it's worth looking at. And hey, I WANT it to do well. It's a system long of mine. But let's keep it real; this stock seems to be meandering into the darkness. If there's any quick money to be made on it, it is likely on the short side. But we've missed the smart entry for that one already; the channel short in early April.

[B.J]

In respectful rebuttal, I observe the following:
Channel long yesterday has failed. Bearish. It had a nice inverted SHS set up ready for the neckline break, and there was disinterest in it. Bearish.
Volume by price wise on the daily it is losing support; and on the weekly, it has lost the support. Bearish.
Weekly channel has turned down to flat; just about to turn down; bearish.
The previous chart I gave you showed the bearish bias and the work it had to do. It has failed to actually DO that work and slipped further down; bearish.

Last but not least: Spike's revised avatar - bearish

[spikefader]

lol, yeah! that too! hehe

[B.J]

Another thing, Cashmaker. A stock is not like a wife. Just because you love it, doesn't mean it will love you back.

Come to think of it, some wives are like that, too. Now I've confused myself

[skiracer]

I never understood the recent love affair with the stock from either a TA or FA stand.
Now at this level it's a buy. No way for a long and to late to the party for a short.

[Runner]

Notice the blue dotted line; this was the acceleration of NGPS to the downside. The market is wild, but if NGPS breaches the GREEN line I think it could get in serious trouble. I view a stock only a good stock when it is making you money. Smart money jumped on board around the 50.00 range and man they got one heck of a gain.
Even the shorts @ 25.00 range are in good shape. I expect the recent shorts will panic when and if it bounces. I’d suggest traders to look at the picture from both sides of the trade. If you were short even from the 25.00 range would you be sweating right now?

[Websman]

Another thing, Cashmaker. A stock is not like a wife. Just because you love it, doesn't mean it will love you back.

Come to think of it, some wives are like that, too. Now I've confused myself

Stock are a lot like wives, because they will both leave you busted...

[cashmaker]

NGPS see some correction today also, oversold and shorted together with market last week, undervalued company and good business sector. Due to ANTP plunged last friday, it has some rebounce today. Although SNHY correct almost 2 dollars today, I am afraid its downtrend recently , very similar to ANTP and NGPS previous downtrend after surge to yearly high. AIRT should hold or buy at this level.Downside risk for NGPS and ANTP is lower than SNHY. INCX and TASR, don't get in at this moment, INCX down to its IPO last year, but it has some trouble with its business and management team, it will announce first quarter earning on Apr 28th. TASR still struggles with its law suit and some forbiden using TASAR guns, some rumor about the further people get killed by TASAR gun. But INCX and TASR can be in the watching list.It will have earning announcement tomorrow.

Tomorrow and wednesday have some important report and earning, keep an eye on them.

[B.J]

Stock are a lot like wives, because they will both leave you busted...

I always heard you were an emotional Vulcan. I never imagined you were a bitter Vulcan

[cashmaker]

In TZOO and INCX today, nice AH jump.

In TZOO and INCX today, nice AH jump, shorter will cover. Tomorrow market bullish. Also low float stocks are profitable: SNHY, BOOM, ANTP, NGPS, AIRT, INCX.

[cashmaker]

NGPS contract with NAVY coming. SNHY back to $30 from 22 this monday

NGPS contract with NAVY coming. From daily candle chart, NGPS ready to take off. Two green candle on the bottom, I see the price tunnel is between 16 and 23, now it is heading north. I am still waiting for those who short it and not covered , from the volume so far since Monday, seems the shorter still holding the short. Market is doing good now and don't forget NGPS has another undergoing contract with NAVY, I believe it is very possible that NGPS will get the contract with NAVY, no competitors so far, only several days to go. Once contract announce, the pirce should shot up at least 2 dollars. Info as follow:

Original Archive Date: Apr 26, 2005
Current Archive Date: Apr 26, 2005

The Patuxent River, Naval Air Warfare Center has a requirement to procure a Inertial Maesurement Unit. This notice of intend to contract on an other than full and open competition basis with Novatel Inc, Calgary, Canada.

http://www.eps.gov/spg/DON/NAVAIR/N00421/N00421-05-T-0095/SynopsisP.html

[spikefader]

.....From daily candle chart, NGPS ready to take off........price tunnel is between 16 and 23, now it is heading north....

A few bullish candles hard to make a case. This stock has a lot of work to do before one should consider long imto. Holding and waiting (hoping) for shorts to cover isn't the wisest move I think.

Cash, the problem with taking a position and stubbornly holding (with apparently no emergency exit plan or suggested stop) is when you're proven wrong on the whole deal, at what point are you prepared to admit defeat and take your medicine? Do you have a hard no-questions-asked stop loss in place? Or are you well diversified with your trades that it doesn't really matter if this one fails to perform for a while?

Channel thoughts:

[spikefader]

I probably shouldn't thread crap, so I'll let this be my last negative post about NGPS for a while. I thought I'd share the old bearish scallops pattern, which NGPS is showing recently.

see more patterns here http://www.khistocks.com/index.php?p...chart_patterns

[skiracer]

Spike,
When the truth hurts let the chips fall where they fall. It's not your cross to bear an only your opinion just as Cashmaker's opinion is his to live with whatever the outcome. Your analysis is helping others who don't have a handle on it make a clearer decision about taking a position or not. Although with the markets being what they are plus the stock's performance who in their right mind would be thinking long on this one.
I always prefer to put it out there in front of everyone and if there is a defense on the part of the issue then let him or someone present it with the same concrete info that you have put forth.

[Websman]

Great link Spike!

I saved it into my favorites so I can study it more.