3SOF

I'm glad your thinking about joining David's premium site, its the best investment one can make.  As for me responding back to your old posts, I don't post very often since I try to refrain from watching the screen all day.  I trade for a living and have been doing it since 2005 and now since i follow David's advice i trade far less and I have taken on some home improvement projects and spend more time with my kid's ( I have 4 kids, 18 months, 8, 15, & 17 year old + the wife)   I have acheived better returns by not watching the tape all day.  As for CIMT, anything below $5 is an excellent price since our target is $18.  As for CIMT being down today, this is a typical pattern since it will close uneven or down maybe +/- .10 or so.  The daily fluctuations don't bother me since I'm in at 2.70.  it doesn't matter what price you get in today, since the stock is in an uptrend and the target is much higher than today's price.  Good Luck!

Watching ABAT's 1.74 resistance.

Quote from: Ares on April 16, 2007, 09:33:26 AM
QTWW seems to be looking good so far.
In at 1.39 with the 25,000 block trade printed on the green.
Went in using the previous 15 minute high since multiple timeframes are uptrending.
Previous hour's high = 1.45
Previous hour's low  = 1.27
hourly 200 ma          =  1.22

I will try the 10 cent protective stop with a trailing 10 cent stop from the 1 minute chart's swing high.

protective stop = 1.29

trailing stops:
9:43ET
1st = 1.43 - 0.10 = 1.33

9:52ET
A gap up with volume already higher than yesterday's
positive net
trading at least 2.5% above the open.
Block trades came in printed on the green
currently above the  8ma of  the weekly,daily,hourly, and 15 minute charts.
This is mainly based on charts.
Fundamentally, I don't know anything about it so far.

updating QTWW

1st trailing stop of 1.33 was not hit and price went up to 1.50

2nd trailing stop 1.50 - 0.10 = 1.40(moved up to 1 cent above break even stop loss).

12:10ET
QTWW is looking more and more like a breakaway gap.
I'll check yahoo and other threads for the fundamental part of this.
I'm curious what's driving the price up.

12:19ET
Just posted the fundamental catalyst at the Stock picking forum.

Watching TELK's 6.70 resistance

In at 6.64
Big gap to be filled on the upside of the daily chart.

TELK has a short squeeze in the making.
Gap to be filled that I'm looking at is 14.37
Current Daily 200ma that may be resistance is at 10.98

Out TELK at 7.27 because it broke the 1 minute trend line and is about to break my horizontal support.
Profit would have been: 7.27 -6.64 = 0.63 on 500 shares is $315 minus $30 commission (I thinks thats the current commission for a round trip trade. 9.95 basic + ECN fees) will be $285.

Quote from: Ares on April 16, 2007, 12:06:57 PM

Quote from: Ares on April 16, 2007, 09:33:26 AM
QTWW seems to be looking good so far.
In at 1.39 with the 25,000 block trade printed on the green.
Went in using the previous 15 minute high since multiple timeframes are uptrending.
Previous hour's high = 1.45
Previous hour's low  = 1.27
hourly 200 ma          =  1.22

I will try the 10 cent protective stop with a trailing 10 cent stop from the 1 minute chart's swing high.

protective stop = 1.29

trailing stops:
9:43ET
1st = 1.43 - 0.10 = 1.33

9:52ET
A gap up with volume already higher than yesterday's
positive net
trading at least 2.5% above the open.
Block trades came in printed on the green
currently above the  8ma of  the weekly,daily,hourly, and 15 minute charts.
This is mainly based on charts.
Fundamentally, I don't know anything about it so far.

updating QTWW

1st trailing stop of 1.33 was not hit and price went up to 1.50

2nd trailing stop 1.50 - 0.10 = 1.40(moved up to 1 cent above break even stop loss).

12:10ET
QTWW is looking more and more like a breakaway gap.
I'll check yahoo and other threads for the fundamental part of this.
I'm curious what's driving the price up.

12:19ET
Just posted the fundamental catalyst at the Stock picking forum.

Out at  QTWW at 1.49 because it touched my 10 cent trailing stop.
I just want to be out of it at a profit even though there looks like to be a momentum low entry at 1.45

Quote from: Ares on April 16, 2007, 11:33:12 AM
Watching ABAT's 1.74 resistance.

But I was not at the computer when the alert was triggered.
Look where it is now with the stochastics and MACD cross.

Out PKTR at 9.15 because RSI (2) is above 80 (just doing some clean up in my paper trading account).

My record shows I was in at 9.10 with 500 shares and 8.94 with 500 shares.
This was a test on the Linear regression being at the lowest line and RSI(2) being below 20.

The exit was when the RSI(2) went above 80 or for a longer exit was when the price was at the top linear regression line with RSI(2) above 80.

Profit would have been at $115? (this doesn't seem to make sense)

I'll try to disect the program.

Buy 9.10 (commission $15 shows as a loss)
Buy 8.94 (commission $15 shows as a loss)

average buy is 9.02 with commission of $30 for 2 buys.

sell at 9.15 (commission should be $15)

9.15(sell) - 9.02(average buy) = 0.13 a $130profit

$130 profit - (sell commision of $15) = $115(this is what shows on my profit/loss column)

profit of $115 minus $30 (commission from the 2 buys) should equal to $85 profit.

I'm looking at TELK's hourly support at 6.80
currently the 1 minute downtrend line has been broken and is trading above the 1 minute 8 ma.
I'm contemplating if I'll enter at 6.81 or wait for a pullback and for price to break the new swing high that is currently at 7.05

The volume of the first dip close to 6.80 is 149,435.
I'd like to see a lower volume than this if it touches it again.

re-entered TELK at 6.96 because the 1 minute chart had a symetrical triangle breakout

It didn't touch 6.81 for the second time anymore.
It had a higher low at 6.90 on lower volume.

Out TELK  at 7.05 it looks like a head and shoulder pattern forming on the 1 minute chart and it broke the 3 uptrend support lines that I drew from 6.81 connecting to the 6.90 low.

7.05 - 6.96 = 0.09 with 500 shares is $45 minus $30 commission is a $15 profit.