3SOF

Breaking out!! .... breaking out!!! (CUP WITH HANDLE)

Quote from: dennis67 on January 05, 2006, 12:43:49 PM
its up nice today getting close to the year high. do you think it has much more up side? i bought it at 2.40. thank you terlisa

I think so dennis... MSPD just confirmed the CUP with handle

Nice run - I missed it this time - several times had it near 2 and it failed at 2.20ish so I sold then would buy back but forgot about it this last week..

Oh well with so many stocks breaking out there is not enough money to play them all anyway. That VTSS was in the same group in the past and it is great this week and today ZIXI that had bounced form trend shot up 20% on news and BTUI took off and SUNW broke out as well as DIET. GBVS which has been super up about 10 days finally today pulled back and got to 1.25 then reversed and there was time to get in and it ran up 45% then on second test only went to maybe 1.30ish and ran to 1.70 so amazing action. Things breaking out all over. Should be some pullbacks but hopefully this action will bring the bears for the sidelines for some spike high in the indexes as the major ones are already at all time highs so they will at some point make a top. While it lasts is is sure great.

It sure has been a lovely one.You did a great job on the pick Stocky! Applaud...
Just dont'understand why this was not a very active thread.
Breakout From the Ascending Triangle(continuation) Pattern.

Support @ $2.45...2.37...2.30
Resistance @ $2.88...2.98

MACD is Bullish
Stochastic is Bullish

As Terlisa pointed out the (CUP WITH HANDLE)

And on this 1 year chart a very nice Double Bottom(Reversal) Pattern formed
Patterns within patterns....awesome!

Volume Today: 3,028,387
Avg Volume (3m): 984,937

nice run up, but correction to 2.10...2.40 area could be welcome.with last days' good volume
CMF still at negative side - many sellers cashing in.

sold yesterday at 2.62 thanks again for the pick.

Cup with Handle in control... MSPD will rock hard!! broke the major resistance...now sky is the limit baby!!.... today close @ HOD $3.29pps

Quote from: Terlisa on December 24, 2005, 11:35:56 AM
Semiconductor stocks are going up....   

--- MSPD about to confirmed the CUP with HANDLE
--- Need to break 2.47 for confirmation
--- Volume.. over twice the average volume from yesterday session

Good call Terlisa, Absolutely ripping, applaud

Quote from: Terlisa on January 27, 2006, 12:57:45 AM
Cup with Handle in control... MSPD will rock hard!! broke the major resistance...now sky is the limit baby!!.... today close @ HOD $3.29pps

Quote from: Terlisa on December 24, 2005, 11:35:56 AM
Semiconductor stocks are going up....   

--- MSPD about to confirmed the CUP with HANDLE
--- Need to break 2.47 for confirmation
--- Volume.. over twice the average volume from yesterday session

Updated Chart:

Great call Terlisa!

Quote from: stocky on May 31, 2005, 07:59:24 PM
Its ready to pop. Watch out tomorrow.

Stocky that was an understatement.....

Trend following system still in control...  MSPD $$$$

This is a VoIP play and Cramer mentioned it today and its up to its 52 week high in AH. Lets find some more VoIP plays.....

MSPD - Mindspeed Technologies Inc.

Sector:    Technology
Industry:    Semiconductor Equipment & Materials
Mkt Cap:       444.80 Million

Profile: Mindspeed Technologies, Inc. engages in the design, development, and sale of semiconductor networking solutions for communications applications in enterprise, access, metropolitan, and wide-area networks (WANs).

website: http://www.mindspeed.com/web/home.jsp

Reason for the trade:

- Technical breakout with volume(charts below).
- Support close by.. able to place tight stop.
- Earnings Run Trend(April 24)
- Semiconductor sector may be getting strong again.
- Qtr revenue growth seems strong.
- Company has a cool name.

So the main reason this trade even popped up into the possibility of being in 3SOF is that it had a technical breakout.  The reason we have selected it is because we are 2.5 weeks out from earnings and there is a trend called "Earnings Run" where a stock will run into its earnings 2-3 weeks out.  We are smack dab in the middle with 2.5 weeks out and the semiconductors are looking strong(although this is a semi/networking play).  There is some gap resistance above but we are willing to bet MSPD can deal with that.  We will not be holding through earnings!  Also affecting my decision here was that the company has a cool name and I want to be able to say I own Mindspeed Technologies. 

We will buy MSPD @ market open.

Nice Pick G,
This just popped up on my filter tonight as well. I think i'll be joining the 3sof team in the morning  .  EGY looks decent too.

-fous