Swing trading... lessons learned...

[Websman]

I closed ERS on this morning's reversal (10.70). I'll buy back at a lower price, hopefully in the 9's. It's bound to come back sooner or later. I'll feel stupid if it doesn't

Bought EZEN at about 2.30. BB stocks normally give me a lot of pause, but this one has a rapidly expanding revenue and earnings clip.

Poorman was right on with that trade. I'm impressed.

[Runner]

Profit on ERS: 36% (b 7.62, s 10.40). Makes up for a lot of the investment buffoonery described elsewhere in my thread

BJ, now let me tell ya 36% IS FIRED UP!!

[New-born baby]

Ezen

I closed ERS on this morning's reversal (10.70). I'll buy back at a lower price, hopefully in the 9's. It's bound to come back sooner or later. I'll feel stupid if it doesn't

Bought EZEN at about 2.30. BB stocks normally give me a lot of pause, but this one has a rapidly expanding revenue and earnings clip.

Here's a chart:


I wonder about this one. I've seen hotter charts. Runner, what do you think?

[New-born baby]

Dope, Please.

I bought EZEN in Mar at $ 1.48,$1.75 and $1.95 then sold all on 5/10/05 at $2.57. Have been hoping for more of a pull back to jump back on.... Just my 2 cents as I found it interesting that you are buying this. How did you find it ?

Can you give us the dope on EZEN please? Love this company? Or not?

[Websman]

I'll probably buy EZEN if I can get out of my MCZ trade without getting hammered too bad.

[grebnet]

Ezen

Can you give us the dope on EZEN please? Love this company? Or not?

Well heres my take. As I said earlier I am not in this right now as I pocketed a significant profit and am hoping for a further pullback.

This is a small company : $8 million revenue in 2003 , $10.4 million in 2004 and
$ 3.1 million in 1st qtr of 2005.

They have over this period reduced costs so that profit is creeping up.
They have no debt an $ 0.48/share cash.

Of concern is they are a one product company:

"InfoWorkSpace product related revenues accounted for approximately 92.5% of total revenues "

Thats all I know, just my DD.
good luck

p.s. Websman
I also have a large position in MCZ( AVG COST OF $1.45... I think it is dead money forup to 6 months but it will eventually pay off. I plan to average down at some point (I know .....that's a whole other thread discussion)

[Websman]

p.s. Websman
I also have a large position in MCZ( AVG COST OF $1.45... I think it is dead money forup to 6 months but it will eventually pay off. I plan to average down at some point (I know .....that's a whole other thread discussion)

I got in MCZ at 1.25, so I may try to get out at just above break even next week and get into something else.

[B.J]

EZEN not too good today... Took a 7% loss on the chin. If it holds $2.00, I may consider a re-entry. The only problem I have with the BB stocks is that you cannot stop. If you could, the loss wouldn't have been anywhere near 7%.

[B.J]

I bought EZEN in Mar at $ 1.48,$1.75 and $1.95 then sold all on 5/10/05 at $2.57. Have been hoping for more of a pull back to jump back on.... Just my 2 cents as I found it interesting that you are buying this. How did you find it ?

On a tip. No way I could have found it on my own. Bad day for it today. May get down to 2.00 before long.

Sorry I didn't answer you right away. I've been out of town, and am just now catching up.

[Websman]

On a tip. No way I could have found it on my own. Bad day for it today. May get down to 2.00 before long.

I'm showing $2.00 as the support on EZEN. I'll be looking to get in between $2.00 - 2.10.

[Websman]

I'm showing $2.00 as the support on EZEN. I'll be looking to get in between $2.00 - 2.10.

Too late...that should have been today. It dropped to $2.05 today, and then bounced off support.
The entry point for tomorrow would be $2.20. That's where I'll set my limit order for tomorrow.

[B.J]

The entry point for tomorrow would be $2.20.

How'd you arrive at the buy point Webs?

I'm still a little weary of this one. Even though it bounced, it still closed below the 50 DMA. Still worth watching I guess.

[Websman]

How'd you arrive at the buy point Webs?

I'm still a little weary of this one. Even though it bounced, it still closed below the 50 DMA. Still worth watching I guess.

You do have a good point. I was using analysis from this site. http://www.ddmachine.com/ Also, it seem to bounce back from support today.

Before I actually place an order though, I want to see what Bruce's analysis is. I'm still quite the amatuer, and am trying to learn as much as I can from some of the more experienced guys like Mr Market, IIC, Bruce, etc...

[Runner]

My slop chart on EZEN. (Intra day 60 min)
Does it make any sense? Some shorts that bot in off MSH might not panic until 2.50 gets taken out.

[B.J]

Yes, Runner, makes sense. What does MSH mean? Midnight Star High or something else?

Could be worse. Consider the guy who bought at $2.95. Hope he's already out.