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Futures are down. My order is canceled for now.
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Sometimes just looking at the chart and volume speaks volumes of a stock. Notice this zoomed in chart of the action on this stock. This action here does not appeal to me. Watch out if it takes out September low..
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CNXS has an expanding weekly long setup this week, but daily showing major channel break, and a steep ugly channel short yesterday. I was looking for a pattern yesterday intraday to enter and there wasn't one. Today there still isn't one. Looking at the wave count over 3 days the drop is impulsive and has only done 3 of 5. So smart cookies who are bullish on this stock should buy the next dump down to the 22.00 area. I'd expect tomorrow morning will be the dump and buy opportunity.Comment
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Picked up well
It picked up well after initial selling was done..Comment
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Cnxs
Does anyone out their know if CNXS is still a Motley Fool's Hidden Gem? I am curious.Comment
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another great day for CNXS!!Comment
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still haven't heard anything from the company....I've seen this stuff before. Anyone remember CME?Originally posted by casinoboy3=============================
I am HUGE! Bring me your finest meats and cheeses.
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Do you cut losses or just ride losers into the ground ?
Do you cut losses or just ride losers into the ground ?
You should've listened 2 Jimbo on this one !Comment
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i know, i know.... i'm just a little discouraged right now cause CNXS isn't the only one doing this..... CNXS & KBH down 25%, FRGB down 20%, RIO & CIB down 10%.... oh well will just have to ride it outOriginally posted by mrmarketComment
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CNXS added to S&P 600
Mr. Market has a way of finding companies before they join the S&P! Hopefully, it should smoothly sail to his target.Comment
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earnings due shortly...we'll know how good these guys are soon.=============================
I am HUGE! Bring me your finest meats and cheeses.
- $$$MR. MARKET$$$Comment
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The Insider's Rally
CNXS is hotter than a firecracker--pre-earnings. Says just one thing to me. The insiders are buying huge blocks of shares, and plan to sell them into a rally later. MM, you may very well get an extra special pop here soon.Originally posted by mrmarketComment
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earnings are due Oct 27...analysts expect $0.28. I'm choking back laughing.=============================
I am HUGE! Bring me your finest meats and cheeses.
- $$$MR. MARKET$$$Comment
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Insider Rally?
NBB,
How did you find out about the massive insider buying? Can you point me to a link?
HanyComment
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No link
No sir. I watch stocks before the earnings announcement. When the stock does not rise pre-release, I figure it is because insiders know something is wrong. And vice versa. If you re-read what I wrote, I think you'll see that I said "I figure" i.e., I reckon it to be so.Originally posted by Hany
I am not a FA guy. I am a TA guy. I watch the charts. The chart already knows what the earnings figures are.
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