Trades on the 3 SOF Fast Portfolio are supposed to be just technically oriented.
If you believe the trend is your friend you must buy the chart below.
I'll buy TFSM for the 3 SOF Fast Portfolio, 33.33% of capital, or $5,000.
The short term target is $10 because around that level TFSM will meet a medium term resistance.
The trading plan is simple:
1) Take profits at $10.
2) Set a 5% stop loss, if the stock prints $7.96, I'm out.
Everything stayed the same on TFSM, here's the trading plan for today:
Quote1) Take profits at $10.
2) Set a 5% stop loss, if the stock prints $7.96, I'm out.
The plan is set and it won't change, whatever happens:
1) Take profits at $10.
2) Set a 5% stop loss, if the stock prints $7.96, I'm out.
What a nice candlestick on Friday on TFSM, with volume above average. Probably the stock will touch $10 this week, and that's where I'll take my profits.
The plan remains:
Quote1) Take profits at $10.
2) Set a 5% stop loss, if the stock prints $7.96, I'm out.
I'm really tired of the Fast Portfolio, now I believe one can't be a pure technician, or a short term trader, and make money, at least without watching the markets all day long. I can't do that.
If TFSM gives me $9.50 today I'll take it, for the Fast portfolio to be unchanged on the month and end.
I didn't make any money with this venture, but I learned a lot, so it had more value than money ...
fundamentally the best way to have a correction is all in one day and and 1/27 was that one day.
Can anyone update the chart for this stock?
It's been pulling back a lot and I'm not sure if it's a good time to enter now.
Thanks!
TFSM has seen some ugly action lately...
Well, to answer your question, the stock was riding on the 50 EMA for a number of days. Todays actions seem to be bullish, at least for now. great buying action at the 12:00 timeframe.
Next resistance level would be at $9.00. Earnings for TFSM is coming out on March 1st. I am not too sure how the fundamentals for this company is doing. Maybe someone can chime in. I will attempt to perfrom some DD tonight.
:D THANK YOU FOR YOUR REPLY. I'M NOT A TECH TRADER. STICKILY FUNDAMENTAL.
IN DOING SOME DD LAST NIGHT I DISCOVERED FOR MYSELF THAT DENTSU, JAPAN IS THE MAJORITY OWNER OF THE NUMBER 1 ADVERTISING FIRM IN CHINA. WILL THIS LEAD TO BUSINESS FOR TFSM-MOST LIKELY.
ALSO TFSM JUST HIRED A CHAP FROM Reliance Infocomm. PART OF THE NEWS RELEASE STATES ----24/7 Real Media made two key new hires in its product management division – Deepak Srinivasan as Vice President, Product Management; and Dwight Green as Director, Data & Direct Marketing. Deepak joins 24/7 Real Media from Reliance Infocomm, where he was involved in planning and engineering a multi-million home Video-over-IP rollout.
Reliance Infocomm is the biggest in INDIA.
TFSM LONG TERM LOOKS VERY GOOD TO ME. SHORT TERM DEPENDS ON THE MAR 1 NUMBERS. GOOD LUCK.
FUNDAMENTALLY I THINK WE ARE IN FOR SOME INTERESTING TIMES.
AARACHNOID
Thanks for the input, guys!
4/14/06 close @10.64--52 WK HIGH IS 10.85
Mkt looks real good and the 4 million + shorts are hanging in. 1st quarter results due 3/3/06.
I believe that the smart shorts(not so smart for going short) will begin reducing their positions prior to that date. Est. is for .06 --2 or 3 cents higher will kill those shorts still in. I personally looking for 10 or 11 cents. Call me crazy but that's my call.
Good luck to all,
AARACH
Here is news on TFSM - MSFT want to buy it?
http://biz.yahoo.com/ap/070501/microsoft_ahead_of_the_bell.html?.v=1
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As in the post by nexta...I suppose it was bought out by MSFT