on the watch..
bought end of day
holding:
IFLB
GIGM
TFSM !!
DSTI !!!!!
ENTU !!!
DESC !!!
last 2 have not triggered but holding already...clear stop
TZOO
OPSW
lookin interesting..
hey eliteG,
what are you holding from the above and new?
Not holding anything much now as I will not be able to monitor positions until Tuesday. I will be in and out. I am not discussing my holdings because I would feel responsible if someone followed me in. But I do discuss many charts. ;)
been watchin this for a while, i know the volume is weak but I like it. >:D
thats my girl ;)
I see the wizard went and dug one up.
Not to worry I still have her listed.... ;D
That move looks good today.
nice...knew she wanted higher 8)
Nice Elite- Very nice indeed. I've traded this stock several times before so I'm pretty familiar with how it acts. Too bad I didn't have enough sense to focus on it when you posted it in the first place because I know that your posts are intelligent and well thought out. Oh well, on to the next one. All the best.
Irish
Elite,
I see that you picked up OPSW again in your new compound thread - having a look at the chart, I like it a lot - potential cup with horizontal handle formed and ready to rock! Also noted the ascending wedge which broke to the upside, and resistance is now providing support. Got a nice cross of 50 and 200 MAs today too ;)
Was watching it today as it sat in below 5.87 for most of the day and then right at the end (of course when I wasn't looking) broke up touching 5.95. As I see it, it needs a solid break of 6.00 to confirm a breakout. My only concern right now is whether it will pull back to the support line again before re-testing the 6.00 area. Will see tomorrow, if it looks positive, I'm in.
Here's my take:
Nice setup. Thanks for updating this thread Scotty. I'm just replying so this thread will pop up on my "show new replies to your posts" link. Applause to you and E.G.
nice breakout this morning ;D
OPSW on its way
OPSW has been looking very nice this week - thanx once again Elite for the tip off, just a shame you didn't stick around for the party!!!
The 6 month chart shows a very nice breakout above key resistance at 6.00, and it looks like this occured after the formation of a small handle on a nice rounded cup ;D Needless to say, that is nice and bullish, and the stock is up almost 10% from this breakout level.
On the longer term chart, you can see that it has broken out of key decending resistance, which has held the stock in check for over 2 years, from its all-time (or at least long time) highs of 9.80. Additionally, the nice W double bottom at lows of 3.90 and 4.17, gives a healthy upside breakout target of 7.83 or thereabouts. There is resistance around 6.80-6.85, but beyond that I don't see anything significant until around 7.50, so this target is very achievable short term. Personally, I think it has even higher upside potential, and right now it is in a very soft fill area up until around 7.00, and is well on its way to getting there.
So I'm not sure if anyone else is still in on theis one, but I think it has real potential short term, bot sure if its a stock picking contest winner, but clear upside form here.
So here are the charts:
Hit first resistance level at 6.84 today and pulled back - there appeared to be strong buying support below 6.60 though - closed at 6.66. I think OPSW has legs to get through this level in the coming days and see at least $7- see above analysis. 8)
OK I'll add this which I think says it all:
Check out the insider buying since the beginning of December on OPSW:
http://www.form4oracle.com/company?cik=0001100813&ticker=opsw
One director, Michael Homer has bought 350,000 shares in the last week and a half, costing him a little over $2.1 million.
Another, Michael Ovitz, has bought 172,000 shares in the same time period, costing him just ove $1 million.
Is there any reason that two directors would be accumulating such huge amounts of shares at this level other than that they expect it to go MUCH higher from here? I think good things could be in the works for OPSW. ;)
Article from Barron's Online from Tuesday giving details about the insider purchses:
The following is an article from Barron's online edition. Thought you guys might be interested.
TUESDAY, DECEMBER 6, 2005
INSIDE SCOOP |
Mike Ovitz Buys More Opsware
By NAUREEN S. MALIK
Insider Tables: Buyers | Sellers
MICHAEL OVITZ, the former Hollywood powerbroker, is increasing his stake in Opsware, a small software-maker.
Last week, Ovitz and Michael Homer, both members of Opsware's board of directors, purchased roughly 488,000 shares in the open market for $2.9 million, according to Securities and Exchange Commission filings.
Though the stock has soared 65% after plummeting to a one-year low of 3.90 in May, shares are still off 12% this year.
"These guys are really pouring some decent cash into the company buying some stock," says Ben Silverman, research director of InsiderScore.com. "There historically hasn't been much buying," but the directors continued to buy "with the stock moving up" and after an analyst initiated a Buy rating on it.
Opsware's Chief Executive Officer Benjamin Horowitz kick started the recent spate of buying in September with a purchase of 12,000 shares.
He says more than 90% of his net worth is tied in Opsware. But with shares trading at $4.46 in September, he says "it was too good of a deal to pass up just knowing what I know and where the real floor is in the stock."
Horowitz says the selloff by investors earlier this year was "just really ridiculous."
"If you don't want to buy it, I'll buy it... might as well put my money where my mouth is," he adds.
It was his first purchase since June 2002, according to Thomson data. The stock made its public debut in late 2001. Horowitz made $2 million selling 250,000 stocks acquired through options in June 2004, his only sell transaction.
Horowitz co-founded Opsware with former Netscape Communications colleague Marc Andreessen, who co-founded the browser. Andreessen recruited former Walt Disney Co. president Ovitz to Opsware's board.
Ovitz has been Opsware's most active buyer. A board member since 2000, he picked up 135,000 shares last week.
Meanwhile, Silicon Valley veteran Homer, who also worked at Netscape, purchased 236,409 last week. He is now chairman of Kontiki, a privately held video-on-demand solutions company, and sits on the board of Palm Inc.
In dollar terms, it was the highest level of fourth quarter buying in five years, where insiders on average bought $353,000 in stock, according to data provider Thomson Financial.
Horowitz, Homer and Ovitz each purchased shares on behalf of a family trust. "I like to see that because that's socking it away," says Silverman, noting trusts are typically used for long-term investments.
This spate of buying activity is somewhat offset by two senior executives who have been selling under adopted trading plans, says Joshua Hong, director of research website InsiderScoop.com.
Analysts Katherine Egbert and James Alexander of Jefferies & Co. cite these recent sells in addition to inconsistent margins and lack of profitability as cautionary flags, in a report released prior to last week's purchases by the directors.
However, CEO Horowitz says that the selling by Sharlene Abrams, chief financial officer, and Jordan Breslow, general counsel, is a means of "diversification."
Avita Sukhram, research analyst at Thomson Financial, agrees, noting that insider selling has actually declined over the past two years. During traditionally heavy selling months of July and December, insiders unloaded on average 125,000 in 2003 compared to 33,000 this year.
"We definitely see that there is a change in the sentiment [and] a reversal in the trend," says Sukhram.
Bravo ScottishTrader ! Great Trading.
Awesome work. ;) I will be watching for a dip. ;)
Applaud..................... ;D
More insider buys reported today and yesterday by Michelangelo Volpi, an external director who is an exectutive at Cisco. He picked up more than 75,000 shares bteween 6.45 and 6.58. It's a lot of accumulation going on. They gotta know something....
Other than that, not too much movement - opened higher today, but couldn't sustain it - may have a little retrace back to the ascending support line next week, to consolidate the recent move from $6.
Will see. Hold above 6.30 for now.
Nice push today for OPSW, and looks set for a run into the 7s - closed at 7.00 and up to 7.08 AH :o
If this holds, then it will have broken through this long term resistance band topping at 7.07 - I see resistance at 7.25, 7.49-50 above this, but OPSW is continuing its strong move - anyone else in on this one with me???
Well at least something should go alright for me tomorrow - ATVI announced it expects to miss quarterly numbers and has tanked 15% AH, EGHT just made a placement for 7m shares at 2.10, so that will probably be in trouble and GTE took a hammering in the last hour of trading yesterday after a veery strong (too strong in hindsight) morning - whew!!
I have some of this stock. It's my best performer as of today. I got in a couple weeks ago.
Jeff
Has been doing good lately.Had a pull back, bounced back 15% today.
Close today was 8.27.I guess I posted an older chart
doing really good today again .will be keeping an eye on 9.10 level.currently 8.75
UPDATE:
PALO ALTO, Calif., Jul 23, 2007 (BUSINESS WIRE) -- HP (HPQ, Trade) today announced that it has signed a definitive agreement to purchase Opsware Inc. (OPSW, Trade), a market-leading data center automation software company, through a cash tender offer for $14.25 per share, or an enterprise value (net of existing cash and debt) of approximately $1.6 billion on a fully diluted basis.
Upon closing, the acquisition will enhance HP's portfolio of Business Technology Optimization (BTO) software. Combining Opsware's solutions with HP's enterprise IT management software will deliver a comprehensive and fully integrated solution for IT automation. Opsware is the latest in a series of strategic software acquisitions, including Mercury Interactive and Peregrine Systems, which expands HP's leadership in BTO.
"The acquisition of Opsware is intended to enable HP Software to help our customers resolve one of their critical pain points: controlling the increasing complexity and cost of managing the data center," said Thomas E. Hogan, senior vice president, Software, HP. "We expect Opsware's outstanding team will help us drive leadership across our BTO offerings."
Opsware Chief Executive Officer Ben Horowitz said, "We are about to see one of the biggest application and infrastructure build-outs in history. The addition of Opsware to the HP Software portfolio will make HP the obvious choice for powering the next generation of data centers to come."
The acquisition of Opsware is intended to extend HP Software's capabilities to automate the entire data center - from initial provisioning of servers, networks and storage devices to managing ongoing changes and compliance requirements - with integrated process automation, removing the latency inherent in today's IT environments.
"Following last year's acquisition of Mercury Interactive, the addition of Opsware is expected to enhance HP's standing as one of the world's leading software companies and drive profitable growth for HP," said Ann Livermore, executive vice president, Technology Solutions Group, HP. "With this strategic acquisition, I believe customers will see HP as the clear vendor of choice to help them transform how they manage and automate IT to drive better business outcomes."
Following the close of the transaction, Opsware will become part of the HP Software business. At that time, HP also expects to appoint Ben Horowitz to lead the Business Technology Optimization organization reporting to Thomas E. Hogan, senior vice president, HP Software.
The acquisition will be conducted by means of a tender offer for all of the outstanding shares of Opsware, followed by a merger of Opsware with an HP subsidiary. The tender offer is subject to a number of customary closing conditions, including regulatory approvals, and is expected to close before the end of HP's fourth fiscal quarter of 2007.
THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER TO BUY OR THE SOLICITATION OF AN OFFER TO SELL ANY SECURITIES. THE SOLICITATION AND THE OFFER TO BUY SHARES OF OPSWARE COMMON STOCK WILL BE MADE ONLY PURSUANT TO AN OFFER TO PURCHASE AND RELATED MATERIALS THAT HP INTENDS TO FILE WITH THE SECURITIES AND EXCHANGE COMMISSION. OPSWARE STOCKHOLDERS AND OTHER INVESTORS SHOULD READ THESE MATERIALS CAREFULLY BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING THE TERMS AND CONDITIONS OF THE OFFER. ONCE FILED, OPSWARE STOCKHOLDERS AND OTHER INVESTORS WILL BE ABLE TO OBTAIN COPIES OF THE TENDER OFFER STATEMENT ON SCHEDULE "TO," THE OFFER TO PURCHASE AND RELATED DOCUMENTS WITHOUT CHARGE FROM THE SECURITIES AND EXCHANGE COMMISSION THROUGH THE COMMISSION'S WEBSITE AT WWW.SEC.GOV. OPSWARE STOCKHOLDERS AND OTHER INVESTORS ALSO WILL BE ABLE TO OBTAIN COPIES OF THESE DOCUMENTS, WITHOUT CHARGE, FROM INNISFREE M&A INCORPORATED, THE INFORMATION AGENT FOR THE OFFER, AT +1 877 750 5838 OR BY EMAIL AT
[email protected], FROM J.P. MORGAN SECURITIES, INC, THE DEALER MANAGER FOR THE OFFER, AT +1 877 371 5947, OR FROM HP. STOCKHOLDERS AND OTHER INVESTORS ARE URGED TO READ CAREFULLY THOSE MATERIALS PRIOR TO MAKING ANY DECISIONS WITH RESPECT TO THE OFFER.
About Opsware
Opsware, a leading data center automation company, unlocks the promise of technology by accelerating IT to zero latency. The company's software, the Opsware System, automates the entire data center, from provisioning to patching, configuration to compliance and discovery to deployment, turning data center operations into a competitive advantage for business. Opsware's technology is used by hundreds of companies worldwide including banks, service providers, retailers, manufacturers and Internet companies with IT environments ranging from hundreds to tens of thousands of servers, network devices, storage devices and IT processes. More information on Opsware (OPSW, Trade) is available at www.opsware.com.
About HP
HP focuses on simplifying technology experiences for all of its customers - from individual consumers to the largest businesses. With a portfolio that spans printing, personal computing, software, services and IT infrastructure, HP is among the world's largest IT companies, with revenue totaling $97.1 billion for the four fiscal quarters ended April 30, 2007. More information about HP is available at www.hp.com.
Note to editors: More news from HP, including links to RSS feeds, is available at www.hp.com/hpinfo/newsroom/.
Forward-looking statements
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including the expected benefits and costs of the transaction; management plans relating to the transaction; the expected timing of the completion of the transaction; the ability to complete the transaction considering the various closing conditions, including those conditions related to regulatory approvals; any statements of the plans, strategies and objectives of management for future operations, including the execution of integration plans; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the possibility that expected benefits may not materialize as expected; that the transaction may not be timely completed, if at all; that, prior to the completion of the transaction, Opsware's business may not perform as expected due to transaction-related uncertainty or other factors; that the parties are unable to successfully implement integration strategies; and other risks that are described from time to time in HP's and Opsware's Securities and Exchange Commission reports, including but not limited to the risks described in HP's Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2007 and Opsware's Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2007. HP assumes no obligation and does not intend to update these forward-looking statements.
(C) 2007 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. HP shall not be liable for technical or editorial errors or omissions contained herein.
SOURCE: HP
HP
Jean Kondo, +1-510-823-4728 (mobile)
[email protected] HP Media Hotline, +1-866-266-7272
[email protected] www.hp.com/go/newsroom
Copyright Business Wire 2007 ********************************************************************** As of Thursday, 07-19-2007 23:59, the latest Comtex SmarTrend? Alert, an automated pattern recognition system, indicated an UPTREND on 04-05-2007 for HPQ @ $41.25. As of Thursday, 07-19-2007 23:59, the latest Comtex SmarTrend Alert, an automated pattern recognition system, indicated a DOWNTREND on 11-29-2006 for OPSW @ $8.29. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright ? 2004-2007 Comtex News Network, Inc. All rights reserved.