3SOF

Quote from: Michael on October 05, 2007, 10:40:30 AM
Nice run!

MA(50) might give us resistance and the stock seems to be a little overextended so I am taking profit here. I will hopefully be able to buy my shares back at a lower price 

you have your lower price here, seems grossly under valued, but at the same time in this bearish market there does not seem to be imminant news to lift it up.  Perhaps we will see .50 again on NTRZ, but i hope not!  Still appears to be a solid company... will see
cheers joe

http://biz.yahoo.com/prnews/071108/nyth185a.html?.v=1   this is the company responce to the delisting notice..  it does not say that they are going out of their way to avoid it so it looks like we are headed for the OTCBB.     Tempting to buy more down here but will wait for an apparent bottom which hopefully has been put in in the .50's but could see it much lower.  At this point a true speculation, value play to see if they survive to thrive.  My 2 cents
cheers Joe

50 sma is still down around 2.26, but look at the volume that was purchaced above 4.50.  All the volume traded in days since does not equal it...  some big boys are still holding this IMHO.  I am holding and will add around 2.70 or if we see some life in the volume.  I am surprised also that his sell off has continued!!

Lets see where it takes us.
Cheers joe

We may see 5.60 on Omni soon??  Anyone keeping up with the fundys?
6.60 seems like a bargain if you have time to sit on it for a while.

cheers joe

Wow, AVSR got its cage rattled Friday (as did the markets) anyone following this low vol stock?  I am still holding some as i see nothing that is poor news, they are increasing their territory and most numbers look OK.  I wish that i had a fishing order in at .60 on friday...  wondering if the 1.10 support will be regained any time soon or we are in for a ride down?
Any thoughs on this one. 
Cheers Joe

Applaud Mitch  You nailed this one
I was watching thurs Am and as it plateaued off after hitting 16.30's i put a short order in at 16.25 but it never topped 16.23 again... bummer for me  
Any way what kind of settling are you looking for for an entry?  would the 13's again be too much to hope for?  Gigm does want to go up, will see if the Markets allow it to.  All of the Gaming stocks are cranking on last weeks Vegas Receipts!!  I shorted some WYNN  trying to catch a top...  will see
Cheers joe

I am going with the insiders, hope that the sellers dry up soon!!
Pharmas are heating up, wonder if it will last?  ADLR is one to watch as well!
Cheers joe

Yes I believe that your pattern would be a Bear Flag (?)  Melf Elf had a lot to say about the Flag patterns, we miss him (did you ever read his posts?)  Anyway, I see Gigm going with the Markets, despite its strong numbers if the market sells last weeks gains i believe the Bear Flag will hav been the call

I am currently OUT of GIGM  But may buy in if we get a strong volume day
cheers joe

Hello BJC and Tradestar,
Nice discussion here.  I have been only trading about 3 years now, still not beating the indicies.  I have been a fan of the small and micro caps, but am comming around to the world of large caps.  I have read several of William Oniel's IBD pumping books and am watching that strategy (growth/momentum)  Do you read the IBD at all?  According to them i believe that a buy point for CHL was about $60-61 on the current rally, now 10% over that they would say sit it out...   what are your thoughts, I see you like CHL and all of your reasoning is valid.  I am still skeptical that the Bulls will control the fall season. There still seem to be a issues with the inflated housing market that will way on retail sales as people have less money to spend...

Buying that dip to the 50 sma has served you well    as it would on many in the past 2 weeks.  Have you looked at ACH, explosive recovery.  I am still watching and learning to figure out when a rally is still strong or too late to enter until a dip, and then how large a dip to wait for?  Do you have any rules of thumb that you use.
Have you followed WBD at all?  I have had some nice trades on it this year.  currently forming a handle on a short 5 week cup (the cup is also a W that has broken out to the handle...)  But its volume is slightly lagging the former breakouts and the 50sma is catching up.
AAPL also seems like it may still be a buy as they keep rumoring new products and vol was quite good on last weeks rally.
Hmmm I guess that the next 2 weeks will put a flavor on the final quarter.  See if the big spenders come back or go to cash... and then there is the fed meeting.   
Are you still buying into this rally?  I feel late at this point and perhaps should hold my cash until after the meeting and hope that if the rally does continue w/o me my open positions benefit.
thanx for listening, i look forward to reading your continued posts  (for TradeStar take a look at NTRZ and Rammsberg's take on that micro)
Cheers
joe
PS  you mentioned TSO  now this appears to be a buy.  Sitting on the 200ma's and news out that gas inventories are down, winter on its way, isnt late smmer often the dip for the energy giants?  The PE here at 7 is also below intustry avg of 10  Value play or catching a knife?
PSS DK is the best in group for refineries at IBD, similar chart set up but sitting on the 50sma rather than the 200, better growth numbers this year... hmmmm

yes I am surprised to see this price still declining
could it be just technical as the 50 is crossing under the 200's? (reverse Golden X?)  I cant imagine that there will be to much bad news with all of the insider buying...
the markets are full of surprises, but i will add more below 1.30 or above 2 (at least in the near future   I too plan on holding a "core" position of NTRZ for some time.
(but also need to remember to take profit, I did not on SMTX recently up to 7's and i got in at 1.90, still holing ALL and added at 4 adn 2.20 on the way down... poor trading, hopefully good investing...)
Cheers joe
PS Michael, i also still hold PCYG basing nicely

NTRZ is on sale here under $2  JMHO
Had a nice trade from 1.50 to around 3 earlier this year but have kept readinga nd watching this one.  Sig insider buy at 2.95, almost bought back around 2.5o, but held off, now have started a pos at 1.70.
their Market cap is still high compared to enterprise vaue... but look, almost no debt, increasing production capacity, more demand than they can fill,
insiders are supporting  http://www.secform4.com/insider-trading/1063537.htm
there seems to be a negetive golden X about to happen and if we see the low $1's I will buy some more
I believe in a year, especially 2 years we will look back and see what a bargain this is here under $2
Keep up the great posts, Michael, setravis and everyone
Cheers Joe

pompano I tend to agree with you, especially looking at the Volume!!!
Far and away the highest ever, 43million shares traded this week, and we still have tommorrow...  the other high vol weeks in the past 10 years hit 4 million shares!!!!
Having not had the guts to jump into these explosions late, with an RSI over 90 could you share with us what kind of pullpack you would like for an entry?
this moring it dropped 10% from ysterdays close before todays rally.

Cheers Joe

i stopped out this short today at 13.06, 6% loss   

Still feel that the markets will sell the fed news next week, but i kicked myself last week when I did not honor my 13.00 stop as per my plan, so I did so today
the 200ma's are still rising..  perhaps i will join you long if we get a dip
cheers
joe

I hope that GIGM gets some vol for the longs here!

OMNI on SALE
Scotsman you buying here?  I have not reaserched the fundementals?  has anything gone south?  Are the big buyers worried that OMNI gould be negetively effected by hurricanes?  seems like that could bring them more business... hmmmm
Somewhere back in these pages Melf ELF thought that if OMNI tested support at 5.60 that would be a gift... HMM
I am still on the sidelines watching this one... tempted to start a pos here around 7   I will probably wait for a bottom to be established..
cheers joe

La Onda  I agree, great fundi's
but i am short here at 12.30 with a stop around 13 on big vol and a target of 11 to fill the gap
the 50ma proving resistence and the markets are not sure if they want to get back to raly mode.
a short technical play for me.  Will be watching GIGM when markets stabilize and trend again (been in and out of gigm since 4.80, bummer is more out than in
Cheers joe
SWIM and WIND I feel also will fill gaps prior to the up trend... we will see