http://ift.tt/1ISLBwI
Submitted May 13, 2015 at 04:48AM by GaryBarton http://ift.tt/1G5Ae3z
Wednesday, May 13, 2015
Tuesday, May 12, 2015
Magnitude Of Falsity Is Enormous $AOL $TWX $S $VZ $NMR $RBS $BAC $COCO
http://ift.tt/1AVBhNG.
Submitted May 13, 2015 at 12:28AM by mclarkaz http://ift.tt/1e0x1HR
Submitted May 13, 2015 at 12:28AM by mclarkaz http://ift.tt/1e0x1HR
Stocks I'm watching tomorrow, 5/13/15
Hi all!
Sick day today as basically everything from my list worked perfectly. I took CMCM, PNX, CALM and NYMX all for gains though CCIH didn’t really do anything so I left it alone. PNX was an absolute beast bouncing over 25% and CALM and CMCM were both really nice too. I sold half NYMX from $1.60 entry at $1.68 but it didn’t follow through so I sold the rest for a loss and the trade ended up being just about flat overall, but other than that everything was awesome! My list is a bit scarce tonight but I did find a few gems which still haven’t popped yet so here they are:
GLUU (short):
Watching the $6.50 level for a breakdown to short. I’d like to see a quick bounce in the morning to $6.60-6.65 to start short and add on the $6.50 break, all with risk over $6.70 or so. It’s nice since this is very low risk but it’s also kind of a grinder stock so unless it gets some volume it may take all day to materialize into anything. I think maybe a $6.20 target is reasonable.
CSLT (long):
This company released earnings on 5/6 after hours which seemed to have a nice reaction the next day so this feels like follow through momentum from that. I’ll be watching for a weak open/pullback to $8-8.10 to get long and take it for a red to green to $8.60-8.75. Stop will be $7.85-7.90.
FMSA (long):
Another I like for a weak open and red to green move. In this case I want to see a pullback toward the 50ema on the 5 min chart at $8.80-8.90 to enter long, with a stop loss under $8.70 and a target of $9.85-10.00.
I’m not terribly excited about any of these but depending on how the market opens and what else looks good in the morning they may provide some opportunities. Remember you don’t have to trade just to trade. Trade to make money. If the opportunity isn’t there it isn’t there…no big deal, it will be there tomorrow. Here are a few other ideas for the back burner:
PNX, CMCM (long) – Possible red to green moves
PTBI (long) – On watch strictly for day trades
GMAN (short) – Still watching $7.20 level for short breakdown
IPCI (long) – Still watching for $3.15 breakout
AAWW (short) – Stock is holding up but I still think it needs a pullback so if we get a market selloff this will be one of the first to go
TCPI (long) – Still stalking for $4.00 breakout
NKTR (long) – Watching $11.50 area for possible breakout soon
ESI (long) – Interesting in buying washouts under $2.00 for a bounce. Stock has lost 60-70% of its value in just a few days
WIN (long) – Another bounce idea if it can hold and/or set up around $8.50
ATRA (long) – Similar to PNX but not down nearly as much so it won’t be as powerful. Watching over $40 for a bounce to $44-45
Hope everyone had a nice day!
Chris
Submitted May 12, 2015 at 10:46PM by ghostofgbt http://ift.tt/1zZgbmt
Comcast stock, short sell?
Hey guys, I was wondering what you guys think of a 12-24 month short sell on comcast stock. Check out the graph of the all time stock price. It looks like a bubble needing to pop.
What do you guys think?
Submitted May 12, 2015 at 08:38PM by TheApocalyps http://ift.tt/1L0VE1P
Anyone shorting Netflix?
Don't get me wrong. I am loyal to Netflix as a user, and I want to see them grow, but the PE (150) seems insane (to my amateur senses). I can't see how that is sustainable.
I've only ever gone long on stocks, and I am probably not brave enough to short now. Just wondering if anyone is taking the plunge. As usual, I welcome people telling me I'm a dumbass if they also tell me why.
Submitted May 12, 2015 at 08:48PM by kinnaq http://ift.tt/1FcIkXk
The Fading Setup, How It Works
Basically my favorite style of trading is joining on the trend of a slow fade. You barely have any headache and are not scared out of the trade. One of the biggest things to look out for in this "fading" setup is lower highs. Most of the time the stock will put in a base (support) at whole/half dollar marks. Here is an example of a stock today with a fantastic fading setup: http://ift.tt/1K5e1Fj
As you can see, the stock put in a lower high multiple times while holding support. If you want to play it safe wait for it to break first. If you are confident and want a better position, get short anticipating the break and fade. It is pretty common for stocks to fake a breakdown so playing it safe is almost always the better option.
However, things change when the stock is super low float (pretty much lower than 3 million float). Look at GENE, PTBI, and VLTC. They faked out so many times and kept squeezing. When the fading setup occurs on them, try to avoid trading it until it is past 3:00.
OTC example: http://ift.tt/1EBStZa
I have no idea what it is but OTC stocks are so much cleaner. As you can see, it held support then cracked. This crack normally doesn't always mean it will washout, sometimes it will fakeout and that is when you will have to cover. With this stock, it literally followed every trend possible for a huge 10%+ washout!
Stocks tend to really drop when:
-
It is breaking a whole/half dollar mark it normally holds
-
goes red on the day
-
it has been up a lot without much pullback (on the daily chart)
-
it breaks past 3:00
-
it isn't a crowded trade
-
a combination of these things usually makes the drop happen faster.
Good luck!
Submitted May 12, 2015 at 07:44PM by Badbaseball http://ift.tt/1EBSufH
Subscribe to:
Posts (Atom)