3SOF

Already down Pre-market, not looking good ... 
If we break the 50MA at 1.03$ we'll likely see a retest of the 200MA at 0.94$!

Quote from: Se7en on February 13, 2007, 08:32:28 AM
Already down Pre-market, not looking good ... 
If we break the 50MA at 1.03$ we'll likely see a retest of the 200MA at 0.94$!

I think it is better for the bullish case to have a lower open than a higher open. A lower open and a positive close might reverse the last 2 days bearish trend. This thinking has to do with candlestick's theory, a very short term analysis tool.

Wait until the close before jumping into conclusions. I'll hold whatever happens, good luck

If I had the strategy of selling stocks when they go down 10% or so from my buying price, I wouldn't have SYX in the Main Portfolio and performance would be a lot less.

PFSW continues to develop the second shoulder of an inverted head and shoulders pattern, which is a bullish reversal or bullish continuation pattern. Technically, this will only be confirmed after the stock is able to close above the neckline, at around $1.17 - $1.18.

The current share price represents a triple support area. It's the descending trendline, which was a resistance, and now acts as support. It is the 50 days simple moving average. And the possibility of this being the second shoulder.

I'm curious about what the next couple of days will bring, but I'll keep holding PFSW in the Main Portfolio due to fundamentals, which look very attractive to me (I mean, fundamentals in comparison to price, of course).

In at $1.01!
David from watching your charts for a while, it seems the golden cross indicator is one of the stronger flags for long term bullis behaviour?
Would I be correct in "generally" assuming that something pretty catastrophic has to occur to start a bearish reversal?

Thanks
GMan

David. Today I sold out of psfw and put the money into CPNE.OB. It was a mistake  for me to buy a stock that I was not confortable with in the first place. Psfw is not my kind of stock for these reasons: They are not profitable. Have very low margins  . Operating margins are negative. The businesses that they are in are very competitive. (Hence the low margins). I think that one day however this could turn into a very nice investment. I am just not convinced that now is the right time for me. CPNE is more my kind of stock so I wasn't scared at all when it went down today. I used the dip to pick up some more shares of a company that I am confident in and let go of one that worried me after I dug into it a little deeper.  I am not trying to say that PFSW is a bad stock I am just trying to say that it is not right for me so please don't take offense. I love the service you provide and will continue to be a premium member for the long term. Thanks for providing me with a place to share my fears and help build my confidence back up.
The more I look at CPNE the more excited I get about it prospects. The stock is ridiculously Undervalued and should be trading near 5.00 per share now. That is a low ball estimate by the way, but still a double from where we are now. Just keep up the good work and keep the information coming. Also thanks for your analysis of  the news that came out for CPNE yesterday. You helped me to understand it and Kept us all level headed while a lot of people were panicking today. Thanks. Tireslinger.

Tireslinger, I've been in this game for a week now... and I did the same thing...Bought on CPNE's dips...I hope we're right....I'm all down with the whole picture (diversified) over time, but I had to switch horses on the $$ I put into PFSW.... If I'm wrong, I'll chalk it up to learning-- It felt right at the time. I hope I'm not getting caught up in CPNE hype: There's not a whole lot of other sources on this stock and I'm not sure I feel OK on their web presence (rip-off report and excrutiatingly long new domain names included).

Quote from: jmccar2 on February 14, 2007, 10:38:34 PM
Tireslinger, I've been in this game for a week now... and I did the same thing...Bought on CPNE's dips...I hope we're right....I'm all down with the whole picture (diversified) over time, but I had to switch horses on the $$ I put into PFSW.... If I'm wrong, I'll chalk it up to learning-- It felt right at the time. I hope I'm not getting caught up in CPNE hype: There's not a whole lot of other sources on this stock and I'm not sure I feel OK on their web presence (rip-off report and excruciatingly long new domain names included).

Jmccar2,
Thanks for the support jmccar2. I also felt good about my decision to sell PSFW and put it into a great company like CPNE at a discounted price. I feel really good about CPNE but had alot of doubts about Psfw.
I really like this site and service a lot. I have been a premium member for about a week now myself and have found Davids advice and calm manner to be very helpful to someone like me who was pron to panic and sell to soon.  I think if we stick with this site we will both make some good money.
I am not worried too much about CPNE web site or their complaint list from customers. The one complaint I read was from a woman that said she was paying 120 dollars for something through the service and was selling it for 95 dollars. Is that really CPNE's fault? I think that she was just not using the service right and blaming her failure on CPNE. Most of the other complaints were just about CPNE trying to sell them other services. I like that.  If you ever start feeling nervous about CPNE just go look at Davids analysis of the stock and it will make you feel better. It always helps me to know as much as I can about the company that I have my money in. Thanks. Tireslinger.

Quote from: tireslinger on February 14, 2007, 11:03:44 PM

Quote from: jmccar2 on February 14, 2007, 10:38:34 PM
Tireslinger, I've been in this game for a week now... and I did the same thing...Bought on CPNE's dips...I hope we're right....I'm all down with the whole picture (diversified) over time, but I had to switch horses on the $$ I put into PFSW.... If I'm wrong, I'll chalk it up to learning-- It felt right at the time. I hope I'm not getting caught up in CPNE hype: There's not a whole lot of other sources on this stock and I'm not sure I feel OK on their web presence (rip-off report and excruciatingly long new domain names included).

Jmccar2,
Thanks for the support jmccar2. I also felt good about my decision to sell PSFW and put it into a great company like CPNE at a discounted price. I feel really good about CPNE but had alot of doubts about Psfw.
I really like this site and service a lot. I have been a premium member for about a week now myself and have found Davids advice and calm manner to be very helpful to someone like me who was pron to panic and sell to soon.  I think if we stick with this site we will both make some good money.
I am not worried too much about CPNE web site or their complaint list from customers. The one complaint I read was from a woman that said she was paying 120 dollars for something through the service and was selling it for 95 dollars. Is that really CPNE's fault? I think that she was just not using the service right and blaming her failure on CPNE. Most of the other complaints were just about CPNE trying to sell them other services. I like that.  If you ever start feeling nervous about CPNE just go look at Davids analysis of the stock and it will make you feel better. It always helps me to know as much as I can about the company that I have my money in. Thanks. Tireslinger.

I agree you shouldn't be in a stock that your not comfortable with but I think you under estimate the potential in PFSW.  I'm going to hold until earnings which should be soon.  There has been nothing but good news as of late on PFSW and everybody already knows the bad news.  The 50 day moving average looks like its showing support. I think PFSW gradually moves up as earnings and the 200 day moving average starts to trend upward.  I'm going to try and take some profits on CPNE on earnings and put it into PFSW if the price is under 1.12. JMO

QuoteDavid from watching your charts for a while, it seems the golden cross indicator is one of the stronger flags for long term bullis behaviour?

Yes, the 50 days crossing the 200 days simple moving average on the upside is a truly long term bullish signal.

QuoteWould I be correct in "generally" assuming that something pretty catastrophic has to occur to start a bearish reversal?

I wouldn't say catastrophic, a reversal in fundamental trends or expectations could do it, that's why I update every holding every day, to keep up with incoming information.

QuoteI am not trying to say that PFSW is a bad stock I am just trying to say that it is not right for me so please don't take offense.

I wouldn't even if you said PFSW is a piece of crap. I respect and value other people's opinions, it doesn't matter if they match or completely disagree with mine.

QuoteAlso thanks for your analysis of  the news that came out for CPNE yesterday. You helped me to understand it and Kept us all level headed while a lot of people were panicking today. Thanks. Tireslinger.

Just doing my job. But thanks for your kind words

QuoteI agree you shouldn't be in a stock that your not comfortable with but I think you under estimate the potential in PFSW.  I'm going to hold until earnings which should be soon.  There has been nothing but good news as of late on PFSW and everybody already knows the bad news.  The 50 day moving average looks like its showing support. I think PFSW gradually moves up as earnings and the 200 day moving average starts to trend upward.

Prodigykid6, this text will award you 3 points more to your rating. I completely agree with prodigykid6 as he wrote what I was about to write.

I'll keep holding PFSW.

QuoteProdigykid6, this text will award you 3 points more to your rating. I completely agree with prodigykid6 as he wrote what I was about to write.

I'll keep holding PFSW.

YES!!! More candy!  Thanks Dave...I feel like most investors that view your 3SOF have given up on PFSW and ETLT.OB. They almost act like its to late to get in or lack confidence just because it doesn't go straight up when you wave your magic wand. Maybe you should tell them that these are excellent entry points and more of what your expecting them to do in the future. I know you have said it before but its good to hear your soothing confidence again    BTW did you like my ONXX short I posted in the members corner? I'm in at $25.95 and plan to add more depending on the earnings release today.

[/quote]
I agree you shouldn't be in a stock that your not comfortable with but I think you under estimate the potential in PFSW.  I'm going to hold until earnings which should be soon.  There has been nothing but good news as of late on PFSW and everybody already knows the bad news.  The 50 day moving average looks like its showing support. I think PFSW gradually moves up as earnings and the 200 day moving average starts to trend upward.  I'm going to try and take some profits on CPNE on earnings and put it into PFSW if the price is under 1.12. JMO
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Prodigy,
I don' t believe that I am underestimating PSFW. In fact if you would have read my post you would have seen that I said I think it will be a good  investment one day. It is just that right now it is not the kind of stock that I would normally invest in. I think that every one of us here has our own set of guidelines that we try to adhere to and if we deviate from that set of standards that we have set for ourselves then we are opening the door for confusion and fear and then we will begin to make mistakes.  I was excited about this site and have complete confidence in Davids ability to pick good stocks so I bought the stock on his recommendation alone and did not look at the financials too hard. My intent was just to follow Davids advice and do what he did no matter what, but then I realized that no matter how much I believe in someone else I will never have confidence in my own abilities if I stray from what got me to the dance in the first place. I think that PSWF has a good chance of becoming profitable one day, and I believe that they will turn ecost around as well. Some might say that it is too late to buy then, and  that I will miss a good profit, but if it is truly a good company it will continue to go up even more afterwards. I do not want to lose myself or my core investing strategy somewhere along the way. Thats all I was trying to say in my post. Tireslinger.

Well Tireslinger.... Perhaps we should've had some faith

Quote from: jmccar2 on February 16, 2007, 06:57:05 PM
Well Tireslinger.... Perhaps we should've had some faith

jmccar2, I am happy for all of those that are still in the stock, and I hope it continues to go well for them. I have no regrets for selling the stock. CPNE.OB is a much better stock. Check out my valuation of CPNE.OB on the main message board and you will see what I mean.

Chart is looking good  . Hoping for the volume to pick up even more next week and continue the trend upward.