3SOF

Enough with re-testing that breakout!  Let's get moving to the upside. 

exactly my thoughts

yesterday's candle fits exactly in the chart i draw a few days ago (the one with 2 price channels where we see a trianglish thing) .. so im very curious about todays action.

Quote from: nikao on July 20, 2005, 06:02:09 AM
exactly my thoughts

yesterday's candle fits exactly in the chart i draw a few days ago (the one with 2 price channels where we see a trianglish thing) .. so im very curious about todays action.

That was an interesting chart you did, Nikao.  Applause.

in line with guidance:
ChipMOS REPORTS JUNE 2005 REVENUE
Wednesday July 20, 8:00 am ET


HSINCHU, Taiwan, July 20 /Xinhua-PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or "the Company") (Nasdaq: IMOS - News) today reported its unaudited consolidated revenue for the month of June 2005.
Revenue for the month of June 2005 was NT$1,278.5 million or US$40.4 million, a decrease of less than 1% from NT$1,283.6 million or US$40.6 million for the month of May 2005 and a decrease of 11% from NT$1,439.6 million or US$45.5 million for the same period in 2004. (All translations from NT dollars to U.S. dollars were made at the exchange rate of NT$31.62 against US$1.00 as of June 30, 2005.)

ChipMOS' June 2005 consolidated revenue included revenues of ChipMOS TECHNOLOGIES INC., ChipMOS Japan Inc., ChipMOS U.S.A., Inc., ChipMOS TECHNOLOGIES (H.K.) Limited (formerly ChipMOS Far East Limited), ChipMOS Logic TECHNOLOGIES INC., CHANTEK ELECTRONIC CO., LTD., Modern Mind Technology Limited and its wholly-owned subsidiary ChipMOS TECHNOLOGIES (Shanghai) LTD., and ThaiLin Semiconductor Corp.

Well it is not my day today. First GIGM and now IMOS.

I had expected an earnings surprise based on previously announced utilisation of the capacity and price increases.

I am selling IMOS as well at 7.37.

Hmmm... maybe I am just in a bad mood 

imos is still in the bull price channel.. ill hold it as long as the support of this pricechannel isnt violated

Quote from: Michael on July 20, 2005, 12:50:39 PM
Well it is not my day today. First GIGM and now IMOS.

I had expected an earnings surprise based on previously announced utilisation of the capacity and price increases.

I am selling IMOS as well at 7.37.

Hmmm... maybe I am just in a bad mood 

LOL. I had the same kind of day.   

I can relate, especially when I felt yesterday morning that I was on the wrong horse in this sector.  ASTSF went up another $0.50 yesterday, while IMOS hung around the top of the Ascending Triangle.  Literally.  The candlestick looks like a doji star hangman    The close was just about dead on the top of the triangle, so at least it came back from the initial selloff on earnings.

The possible good news is that the past five days of trading in IMOS is a perfect bull flag.  The slopes of both down trendlines are identical: -0.333.  It needs to print 7.55 today (July 21) to take out the top of the pattern to confirm it.

I'm moving my stop up to a close below yesterday's low of 7.12.   I bought it at 7.48 because it had an upside breakout.  I'm not interested in holding it if it goes back inside the pattern.

good news

ChipMOS AND Novatek EXTEND LONG-TERM AGREEMENT
Thursday July 21, 8:00 am ET


HSINCHU, Taiwan, July 21 /Xinhua-PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES (Bermuda) LTD. (''ChipMOS'' or ''the Company'') (Nasdaq: IMOS - News) announced today that its 70% owned subsidiary, ChipMOS TECHNOLOGIES INC. (''ChipMOS Taiwan''), has extended its long-term agreement with Novatek Microelectronics Corp., Ltd. (''Novatek'') through 2008. The two companies have worked together since 2003.
Under the new contract, Novatek has revised its future requirements of Tape-Carrier-Package/Chip-On-Film (''TCP/COF'') with significant increasing numbers of demand to ChipMOS and will shift additional percentage increases of Chip-On-Glass (''COG'') business to ChipMOS. ChipMOS Taiwan commits to reserving the required capacity for LCD Driver IC assembly and testing services for Novatek until the end of 2008.

S.J. Cheng, Chairman and Chief Executive Officer of ChipMOS, said, ''Novatek is a global leader in the LCD driver IC market and an important strategic customer to ChipMOS. We are pleased to extend our long-term, mutually beneficial relationship. We remain committed to providing the vertically integrated testing and assembly services that have made our relationship a success.''

Quote from: Melf Elf on July 21, 2005, 03:31:12 AM
[I'm moving my stop up to a close below yesterday's low of 7.12.   I bought it at 7.48 because it had an upside breakout.  I'm not interested in holding it if it goes back inside the pattern.

Well-ll...they're going to call my game.  IMOS is BID...7.11...ASK...7.12 with 10 minutes to the close.   I'm going to hold it, and think about it overnight.  Earnings already are out, so I'm not worried about that.  We're at the bottom of the bull flag I mentioned this morning.  I don't want to give this much room, but I also don't want to get shaken out.  I'll hold it .  Begrudgingly. 

im also holding it.. (im in at 7,42)
as long as the support line of the ascending price channel holds I'll hold this one

Quote from: nikao on July 22, 2005, 02:25:36 AM
im also holding it.. (im in at 7,42)
as long as the support line of the ascending price channel holds I'll hold this one

I agree, Nikao.  That makes sense.  If it closes below this full flag AND the up trendline, I'm out.

I was getting impatient with false breakouts, like ECIL, DHB (still holding that one) and GIGM.  I felt better yesterday after DECK exploded to my target. I don't like breakouts that close back inside the pattern.  I'd feel better if I were on ASTSF, which pulled back yesterday but is still above its breakout, instead of IMOS, which closed back below its breakout.  We'll see how it plays out.

agree.. but in the 3 months that im trading the most important thing i learnes is probably not to be impatience.. Nothing worse then getting out with a loss because of impatience and then to see the stock getting up after all   

But the bad thing is that I have a break out falling back into the pricechannel also on ADST (bought them on the same day!) But I just adjusted the plan since the trend is still bullish on IMOS (and we all know that the trend is our friend )
We just have to hold the stock a little longer then planned..

Quote from: nikao on July 22, 2005, 04:13:55 AM
agree.. but in the 3 months that im trading the most important thing i learnes is probably not to be impatience.. Nothing worse then getting out with a loss because of impatience and then to see the stock getting up after all   

Very true.  You sure have learned alot in only 3 months.  Applause!

I'm impatient by nature, which works for and against me in my trading.  "Be impatient with your losers, but be patient with your winners."  I have no problem letting go of a loser, but I let go of winners too soon, often to offset a loss.

Recent example: DNDN.  I had a 13% gain in it, and it looked toppy, short-term.  I sold it to offset a 4% loss in another stock, figuring that (1) DNDN easily could pullback to its breakout, and my 13% gain would evaportate, and (2) if I sold it and locked in the 13%, there always was the chance that I could re-enter on any selloff.  So, I sold it at 6.01.

DNDN now is at 7.02.  LOL.  With the benefit of hindsight, of course I'd like to be holding it, but selling it was a business decision to lock in an overall gain of 9% on the two trades, so from that standpoint, I can't say that I regret it because I can cite you cases where my 13% gain DID evaporate.   

I guess that's something that we all have to deal with as traders: when to be impatient, and when to be patient.  Sometimes it's more obvious than at other times.

I hope that ADST works out for you, Nikao, and best of luck with all of your trades!

Quote from: Melf Elf on July 22, 2005, 05:05:52 AM

Quote from: nikao on July 22, 2005, 04:13:55 AM
agree.. but in the 3 months that im trading the most important thing i learnes is probably not to be impatience.. Nothing worse then getting out with a loss because of impatience and then to see the stock getting up after all   

Very true.  You sure have learned alot in only 3 months.  Applause!

I'm impatient by nature, which works for and against me in my trading.  "Be impatient with your losers, but be patient with your winners."  I have no problem letting go of a loser, but I let go of winners too soon, often to offset a loss.

Recent example: DNDN.  I had a 13% gain in it, and it looked toppy, short-term.  I sold it to offset a 4% loss in another stock, figuring that (1) DNDN easily could pullback to its breakout, and my 13% gain would evaportate, and (2) if I sold it and locked in the 13%, there always was the chance that I could re-enter on any selloff.  So, I sold it at 6.01.

DNDN now is at 7.02.  LOL.  With the benefit of hindsight, of course I'd like to be holding it, but selling it was a business decision to lock in an overall gain of 9% on the two trades, so from that standpoint, I can't say that I regret it because I can cite you cases where my 13% gain DID evaporate.   

I guess that's something that we all have to deal with as traders: when to be impatient, and when to be patient.  Sometimes it's more obvious than at other times.

I hope that ADST works out for you, Nikao, and best of luck with all of your trades!

very true!
With ADST I should have been impatience.. but i got in at 1,31 and was doubting to sell at 1,44 but figured it could get much higher (i bought it when it came down from a gap up at 1,65)
now its at 1.21

well.. i just hope both ADST and IMOS will work out for me.. If they don't I have a line up of losses that makes me a bit unsecure....

updated IMOS chart :
I´m still holding IMOS