BFLY

[AussieTrader]

Hmm, time to update my BFLY trade. No change in the reasons for entry after that huge volume spike that peaked at $1.60. Since then BFLY has consolidated on low volume and in fact has set up a nice retest of breakout. If I hadn't already entered I would have been buying just a couple sessions back as it looks like BFLY will be taking another look at the $1.60 zone again once $1.32 is closed above (huge volume driven spike followed by at least 2 days of pullback that does not pierce the orginal breakout start). BFLY passes the STEPS trigger and entry conditions a 2nd time. This is very bullish as it is the best way for a stock to move forwards as it builds support behind to add fuel to the upsurges, breakout - base, breakout - base etc.

Good trading

[setravis]

"BFLY" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.                  
All history on a stock pick in 1 thread is awesome.                 
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock.
Thank You....and good luck with all your trades....make some $$$         
   

Happy New Year ! May it be Prosperous for all @ 3SOF......   

[Se7en]

Bought some BFLY today, in at 1.31$!

[422fwhp]

Great entry today @ $1.25

Gap is closed from 12/22

GLTA...JOdy

[nutsterrt]

Nice move, 422    Would be a great end to the year if it holds 1.30 today!

[Se7en]

Golden cross today? 50 and 200MA @ 1.02$! 
It also looks like BFLY is making a small pennant here...

[nutsterrt]

Golden cross today? 50 and 200MA @ 1.02$! 
It also looks like BFLY is making a small pennant here...

Better believe it's making that GC. But will the 50 make it through the 200?  You'd better believe it 

[422fwhp]

Let's see what the week brings us...I hope Mother Market is happy

Good support area (cant post chart  ) IMO


GLTA...Jody

[tonyfloyd]

any thoughts on whats up with BFLY?

[nutsterrt]

any thoughts on whats up with BFLY?

Well, I know I'm still holding. Someone is still keeping this above 1.20 as every time it dips below, there's always a buyer ready to add shares and bump it back up. I thought for an apparel retailer their prelimiary Q4 estimates looked pretty good (considering the supposed slow retail season), but obviously it "wasn't good enough" to some traders. As long as most of the volume is above 1.20, I'll continue to hold.

Maybe we're just consolidating until the 50MA catches up 

[ScottishTrader]

BFLY has been a bit disappointing, having faked us out when it broke back above 1.35.  Has been weak ever since (and took out my stop) but looks like it may be settling for the next move.  Strong support @ 1.10.  MACD histogram looks to be rounding, suggesting a momentum change.  CCI is oversold and waiting for a bounce above its signal line.  Could be a relatively low risk (re-) entry at this level.

[nutsterrt]

I added more today here at 1.11. Agree with you that the stock is totally oversold; seems like a safe buy at the current price.

[nutsterrt]

The current best bid currently has a 125K bid block sitting on it. Big buyer moving on in?

[nutsterrt]

Anyone care to explain what, exactly, this means?

http://biz.yahoo.com/e/070125/bfly8-k.html

[nutsterrt]

Just a very brief chart update on BFLY. Ignoring (I don't know that you can!) the two red candles of late, BFLY has formed a Bullish Tri Star. I don't see it that unreasonable to remove the two candles as 1) volume was extremely light, and 2) the triple Dojis are in close proximity with one another. May be time for a run up to earnings (no date yet, best guess would be the week of February 18th). 

Also note the SMA50 held the stock on the 22nd, and that the MACD is ready to take another stab at positive divergance!

GLTA!