EliteG Infinite Compound Project

[eliteG]

next earnings I'm looking at playing is BLDP or PWAV...

ISSX may recover to 22.. where I will discard of it probably.  A 3% loss if that is so...lets see what shakes. 

[eliteG]

Sold ISSX @ 22.18

Earnings Play#1:
ISSX
B: 22.69
S: 22.18
= (-2.25%)

0 for 1

On to the next one  nice recovery..phew 

[eliteG]

Bought BLDP @ 4.77

I like the big bids beneath and I have to be out of the office all day..so I made the buy.  Earnings tomorrow morning.  Estimates -.28.

Ballard Power Systems, Inc. engages in the development, manufacture, and marketing of zero-emission proton exchange membrane (PEM) fuel cells for various markets worldwide. The company operates in three segments: Transportation, Power Generation, and Material Products.
http://finance.yahoo.com/q/pr?s=BLDP

I think somethings cooking..What I like visually:

[eliteG]

hmm it seems I never had to take a loss with ISSX(coulda had a nice gain too).. man...I really wanted to buy in @ 21 aftermarket yesterday.  Oh well, have to stick to my rules with this earnings stuff especially.  Definately the riskiest stuff.  BLDP moving up with nice bids beneath..

Good, Smart, Fun Trading everyone 

[Ramsburg]

question for EliteG or others here who have tracked their results with the "g spot" strategy:

is it always necessary for the stock to rise back to the g-spot for confirmation (or would it be more profitable to buy once the stock has corrected and leveled off: selling pressure is gone)?

you may not hit a home run every time, but you would have 10-50% profit between the leveling off and reaching the g-spot.

I'm curious if any of you have noticed if this second strategy is more profitable, since I have seen several members including Ramsburg saying they can't wait any longer and buy before the g-spot confirmation

Hi Drexler (applaud for this nice question).

I didn't track this kind of results yet, but we should

The thing here, is that G-Pattern is just a (strong) pattern, you may trade it «by the book», or you can join other signals, like in any other technical pattern. For instance, when I trade an Head & Shoulders, most of the times I wait for the neckline signal, but some times, there's other things in play, like volume, or even other price patterns even in different time frames.

So, if you are playing a G-Pattern, and that's your main motive to get into a stock, you should wait for the real signal to jump in...  that should be the rule !

Best regards !

[eliteG]

so BLDP didn't give an earnings pop.. and hasn't moved much at all.  But my experience tells me that this one is setting up for a short squeeze.  So I continue to hold. 

[eliteG]

Didn't want to wait anymore for a squeeze to happen(although it still may run)...got to stick to the earnings plan.

sold BLDP @ 4.97

Earnings Play#2:
BLDP
B: 4.77
S: 4.97
= +4.19%

1 for 2 now
Total % = +1.94% since 7/27

..on to the next 1

[eliteG]

Earnings play #3:

Bought ENMC @ 5.75

Like some things in the charts...some insider buying..Earnings Monday Mo 

ENMC - Encore Medical Corporation, a diversified orthopedic company, engages in the development, manufacture, and distribution of surgical implant and orthopedic rehabilitation devices and related products for the orthopedic products market.

Sector:   Healthcare
Industry: Medical Appliances & Equipment

Shares Outstanding:   51.75M
Float:   33.95M
% Held by Insiders:   3.57%
% Held by Institutions:   44.00%
Short % of Float (as of 12-Jul-05):   3.70%

[eliteG]

ENMC showing a bid of $6 in the pre-market, ~5% higher than the close of 5.72    very cool for earnings play #3!

i guess the earnings look good.  A cross of $6 can lead to a quick move to 7 today.  Lets see that volume come in 

[rocket8]

i am listening to their conference call.
going real well.
every analyst says "congratulations on a great quarter"
seems they are doing great.

my concern is with volume.  what do u think?

EMNC just merged (dec 04) with EMTI.  perhaps getting bigger will bring more attention and more buyers and thus higher volumes.

if you look at financials EMNC took on a lot of debt to buy EMTI but it is paying off with higher EPS.

[eliteG]

I think EMNC looks great..and the volume is okish..I think they are trying to hold it under 6 right now to load up but I am hoping that it can break..because I am only playing this for today 

[eliteG]

looking @ JUPM  QNTA  ESLR  VPHM  RNWK  BEXP  CERS  DRCT  IVIL  JKHY  NGEN  CPN  LVS  PLLL for earnings playing

-but I like OATS so much, I'm thinking of playing it now even though Earnings are Thursday...hmmm

I'm not sure ENMC can get past 6 today...come on baby. 

[cumulina]

...and ESLR earnings tomorrow...

I'm holding mine for the long term 

I'm keeping an eye on you, eliteG 

Cheers!

[eliteG]

I decided I have to have part of it already ..so I started a position in OATS @ 13.78 and I plan to add to it as soon as I'm done with ENMC.

...and ESLR earnings tomorrow...

I'm holding mine for the long term

I'm keeping an eye on you, eliteG

Cheers!

SuperAlternativePower woman...of course I knew you were watching ESLR 

[eliteG]

It had too much trouble with 6 to hold on...although I feel this stock is headed upwards now.

sold ENMC @ 5.97

Earnings Play#3:
ENMC
Bought: 5.75
Sold: 5.97
= +3.82%

2 for 3 now
Total % = +5.76% since 7/27

..on to the next 1 or 2...

modifying the plan a bit to play 2 hot stocks a few days before earnings, because they have great patterns and I expect them to react well to earnings.

in VCLK @ 13.26, earnings thursday aftermarket

in OATS @ 13.83, earnings thursday pre-market

rock'n'roll