3SOF

Today the tape had the feel of an unpredictable triple-witching expiration week. May be ECST and some other bullish stocks are experienceing this phenomena.

Joined y'all in some ECST at 4.96 Good Luck to us all. 1/2 position

David,

I know you said not to doubledown as a practice, but am assuming you're still bullish on this one.  Consdering buying additionally in the $4.80 range, after initial purchase at $5.27.

It looks like ECST is playing games with me. But the stock needs me to play and I may refuse to do it ... you know, there are 11.000 stocks competing for my money and I really don't need to waste my time and money with a non cooperative stock.

Anyway, I'm smelling a loss here ... at least for the short term. That's it, I'm selling ECST with a loss again at the open (it might be an higher open, the stock closed up 2% yesterday in the after hours).

Sold ECST @$4.88

I,m looking for an entry for ECST.
The story of this stock is good I think.
The current move is likely to be a pullback to the daily 50 SMA or 38 SMA and the broken resistance at 4$.
I´m watching how the stockprise is behaving on this levels.
maybe it´s a good entry point.

In view of the price at the close I will hold til after the open tomorrow.
This issue closed close to the high of the day.

Though bit late to mention here but ECST is not even in top seven online shoppers destination according to PC World Mag. Topping list is Shopping.com and closely followed by Yahoo Shopping, others making list are PriceGrabber, Froggle, Nextag, Froogle and may be forget one or two. I sold my position yesterday for small loss.

The stock bounced from the 50% retracement level which is bullish. But now she has to battle with prior support at the $4.60-$4.66 area, now resistance. I sold at $4.88, lost two times in this stock, not planning to come back soon, there are 11,000 stocks outthere to consider.

I'm glad I sold ECST at $4.88 for a small loss, look what happened to the stock 

Now, I'm aware earnings were very disappointing ...

eCOST.com Reports Second Quarter Results

... but if the stock falls a bit more and touches the descending trendline, prior resistance, now support, I'll buy 6.66% for the 3 Stocks on Fire Portfolio.

That line today will stand at $2.2, so ECST would have to fall 6% more today for me to buy it. Just keep it on the watch list.

ECST @ 2.2.5 $ yesterday, will you buy based on TA if stock price will be 2.22$?

TIA
O.

now @ 2.20$, David time for entering now?
I would appreciate TA, thanks in advance

O.

Quote from: la-onda on August 18, 2005, 05:55:57 PM
now @ 2.20$, David time for entering now?
I would appreciate TA, thanks in advance

O.

la-onda, don't forget the support we're talking about is a descending trendline, so the support value goes down everyday.

On Friday we've touched the line and volume has increased, so I believe now is the right time for ECST to have a rebound (the rise in volume shows that at this price, buyers are starting to find ECST interesting). But that will be just a technical rebound based primarily on short covering, with some bottom fishing on the mix.

So here's my trading plan:

1) Buy ECST at today's open, 6.66% of the 3 Stocks on Fire Portfolio.
2) Sell 10% higher if I have that chance.

(This recommendation was made by David Randolph from 3 Stocks on Fire, and he will update this analysis everyday after the close until he sells the stock. 3 Stocks on Fire is a Community of stock traders and investors. Our 2944 members exchange trading ideas and strategies on our message boards everyday. We welcome you as a new member of the 3 Stocks on Fire Community, please take 10 seconds to register and receive our free newsletter)

David,

Why do you think we will have rebound? I really can't see how the fundamentals can support this inflated price 

I would understand your strategy if the stock was in a downtrend but fundamentally undervalued. But in this case it seems to me that the market is working.

Quote from: Michael on August 19, 2005, 12:16:18 PM
Hi Oliver,

Had a look at ECST and didn't like what I saw. Revenue increased with only 6% in Q2. Order size goes down and advertising spend goes up.....

EPS (ttm) -0.75 not my kind of stock - sorry

It was a quick look though so if you know better please tell me!

Mike

Rumour that Amazon.com is in talks with ECOST.COM !!!