TFSM

[Se7en]

Thx for the explanation Melf Elf, very interesting!!!   <applaud>

[Melf Elf]

You're welcome, se7en.

I've drawn on the chart an example of I mean about being vigilant, and managing the trade.  This is what we don't want to see.

For today's trading, I've drawn a Doji Star Hangman, the high of which is smack on that top trendline (solid red).

For Monday, I've drawn a bearish candlestick that closed at 10.20, retracing MORE than 50% of yesterday's nice white candlestick.

The 3-Day pattern that I've drawn is called a Bearish Evening Star pattern, one of the most bearish patterns in the candlesticks.  That doesn't mean that TSFM would "have to" go down, but with the failure at the top trendline (solid red) and a bearish 3-day pattern, I'd take the money and run, and wouldn't wait for my 9.75 stop to get hit.

I certainly don't foresee anything dire like this occurring.  Just wanted to give you an example of what I mean about being vigiliant, and how, although we have bullish targets IN PLAY, there are times when we might want to abandon a trade, based on what we see as the chart progresses each day.

Targets are "what we're aiming for," but subsequent trading after targets are IN MADE might contravene our bullish outlook.

All of that said, I'd like to see TFSM rally through that top trendline (solid red), which is at 10.692 for today.  We don't have to do that today, but I'd like to rule out the possibility of TFSM "morphing" (changing) into a Bearish Rising Wedge.

[Se7en]

Thx again, very informing! Now i know where i'll have to keep an eye on!
Good luck to us!

[Se7en]

Zacks Buy List Highlights: 24/7 Real Media, Inc., Airgas, Inc., BG Group PLC, and FirstFed Financial Corp.
Mar 31, 2006 6:00:00 AM
Copyright Business Wire 2006
CHICAGO--(BUSINESS WIRE)--March 31, 2006--

Zacks.com releases the latest list of Zacks Rank Buy Stocks. Everyday on Zacks.com, four stocks are selected based on how well they match the criteria for the four main schools of investing: Aggressive Growth, Growth & Income, Momentum and Value. The four Zacks Rank Buy stocks highlighted today are 24/7 Real Media, Inc. (Nasdaq:TFSM), Airgas, Inc. (NYSE:ARG), BG Group PLC (NYSE:BRG), and FirstFed Financial Corp. (NYSE:FED).

Stocks ranked #1 (Strong Buy) by Zacks have produced an average annual return of +33% since inception in 1988. During the 2000-2002 bear market, Zacks #1 Rank stocks gained 43.8% while the S&P 500 tumbled 37.6%. To see the full Zacks #1 Rank (Strong Buy) List, or the rank for any other stock, visit: http://at.zacks.com/?id=88

Here is a synopsis of today's Zacks Rank Buy Stocks:

Aggressive Growth - 24/7 Real Media, Inc. (Nasdaq:TFSM)
24/7 Real Media, Inc. exceeded earnings estimates in three out of the past four quarters. Five analysts raised their numbers for 2006. Over the past 30 days, estimates have increased 6.3% to 34 cents per share. The stock is cheap despite recently hitting new 52-week highs. TFSM is trading at about 22x next year's estimates, well below the long-term growth rate of 35%, giving the stock a PEG ratio of 0.63.

[Melf Elf]

Here is a synopsis of today's Zacks Rank Buy Stocks:

Aggressive Growth - 24/7 Real Media, Inc. (Nasdaq:TFSM)
24/7 Real Media, Inc. exceeded earnings estimates in three out of the past four quarters. Five analysts raised their numbers for 2006. Over the past 30 days, estimates have increased 6.3% to 34 cents per share. The stock is cheap despite recently hitting new 52-week highs. TFSM is trading at about 22x next year's estimates, well below the long-term growth rate of 35%, giving the stock a PEG ratio of 0.63.

Se7en,

Thanks for that information!  Applause.  The technicals and the fundamentals agree, which is good.

Stocks ranked #1 (Strong Buy) by Zacks have produced an average annual return of +33% since inception in 1988

That's a good record!

[Se7en]

TFSM rallied beyond 10.692 to 10.80 on good volume but than sold off back to the 10.50's!
If i understand it right, we need a close above 10.692 to be 'safe', what we saw this morning isn't enough?!

edit: selling off now > 10.32 

[Melf Elf]

TFSM rallied beyond 10.692 to 10.80 on good volume but than sold off back to the 10.50's!
If i understand it right, we need a close above 10.692 to be 'safe', what we saw this morning isn't enough?!

edit: selling off now > 10.32 

Se7en,

We got a Shooting Star candlestick at the open (10-Minute Chart).  The open was 10.55, we ran up to 10.80, then closed that 10-Minute bar at 10.57, so we had a long upper wick, and the open and close were nearly identical.

A Shooting Star after an uptrend suggests a reversal, which we got.

We have a gap to fill from yesterday's open.  The gap is 10.08 to 10.15.  I'd like to see TFSM fill that gap, or partially fill it, and hold.  10.00 would be okay.  Below 10.00 starts to be a "nail biter," as far as 9.75-9.817 support holding.

If that breaks, we could go down to re-test the Symmetrical Triangle breakout, as I explained this morning, and the stock still could have a bullish outcome later on.  Personally, I don't want to ride it down.  I'll sell a break of the 9.75-9.81 support area, and look to re-enter lower.

So far, the low is 10.19, so we're near yesterday's 10.08 - 10.15 gap.  We'll see how it does here.

[Melf Elf]

For today's trading, I've drawn a Doji Star Hangman,

I shouldn't have drawn that Dojo Star Hangman example.  I think I jinxed us; it looks like that's what we're going to get for today's candlestick, darn it.

although we have bullish targets IN PLAY, there are times when we might want to abandon a trade, based on what we see as the chart progresses each day.

That's what I'm going to do here.  I'll sell into the close, and look to repurchase TFSM next week, if I can. 

[Melf Elf]

Bought TFSM at 9.755, at the gap fill.

Sold TFSM at 10.52.  Gain: 7.8%

[Se7en]

Nice quick gain Melf Elf! I think i'll also sell on Monday ...
What's your opinion on TMTA? tia

[nutsterrt]

Still in with what I picked up at 9.85...hoping to squeeze a little more out of it 

[Melf Elf]

Still in with what I picked up at 9.85...hoping to squeeze a little more out of it 

nutsterrt,

TFSM is acting much as it did on Friday: a good start this morning, but it hasn't held the gains.

For awhile this afternoon, it was looking like a Bearish Inverted Hangman, then in the chart below, a Bearish Engulfing pattern, and at its current price of 10.54, it's looking like another Bearish Doji Star, like Friday.  We'll see how it closes. 

Good luck with your trade!

[Se7en]

I'm still hanging on, thought of selling and buying TMTA instead but didn't do it.
Let's see what tomorrow brings ...

[nutsterrt]

Yeah...might be unloading day 

Out at 10.53. Good luck all!

[Se7en]

me2, out @10.51 for a small gain!