G-TA: Wednesday 04/05/2006

[eliteG]

G-TA will be open around 10am. 

[handyman]

elite,
   wheres support come in on cvm? thanks handyman

[joet]

Mornin G
Do you have a self imposed rule about Gaps?  They really seem to kill a run...  STTK did not have any...  WWAT seems done due to yesterdays...   NMKT i bought (more) on open only to see it fill the gap (I think that i will still be happy on this one)  Just wondering what your rule of thumb is for Gaps if you have one...

Also FTGX  thoughts

cheers joe

[eliteG]

elite,
   wheres support come in on cvm? thanks handyman

CVM - for support I would calculate half the tall white, and then fibonacci retracements(stretch .65-1... strong support @ 1.2 this is the 38.2% fib retrace.. also looks like half-way on tall white from yesterday.

[Av8trader]

Morning G,

Thoughts on ONEIQ?

[Adam]

LEXG beautiful pennant, can use some more volume
FLSH large gap up, but 200 MA is 28.22 that can be support

[tokyopua]

EliteG, what do you make of the gap up on IIP today?  I was tempted to sell at 1.20, but didnt.  Also, what do you think about CHID, news out recently that the CEO stepped down, then news that the new interim CEO plans to buy up to 1 million shares soon (about 1.84% of the float).  How does the chart look to you? 

[nsioufi]

Hi G-

After this mornin's AIDO performance, u think it has what it takes to come back up?

N.

[wrangler]

Hi elite
Bought QOIL yesterday @.40 hope you can give me some good TA on this.
• Dutton Associates Announces Investment Opinion: Quest Oil Rating Strong Speculative Buy In Initiating Coverage By Dutton Associates
Business Wire (Fri, Mar 17)  

[eliteG]

Mornin G
Do you have a self imposed rule about Gaps?  They really seem to kill a run...  STTK did not have any...  WWAT seems done due to yesterdays...   NMKT i bought (more) on open only to see it fill the gap (I think that i will still be happy on this one)  Just wondering what your rule of thumb is for Gaps if you have one...

Also FTGX  thoughts

cheers joe

Hey Joe  every gap should be judged separately.. some do kill moves they are called exhaustive gaps.. but as you see yesterday NMKT gapped as well but continued upwards(run away gap).. so NMKT found support at the gap today thats a bullish thing.. a big buyer came in(UBSS)

FTGX - nothin yet.. needs volume

Morning G,

Thoughts on ONEIQ?

Q on the end means bankruptcy soon.. not for me.. way better places for your money

LEXG beautiful pennant, can use some more volume
FLSH large gap up, but 200 MA is 28.22 that can be support

LEXG - nice move, volume is ok.. but should get up there today
FLSH - I like to let these gap ups settle, then they can become cool moves.. right now I would say the 200 looks like it can be either support or resistance.. we shall see

EliteG, what do you make of the gap up on IIP today? I was tempted to sell at 1.20, but didnt. Also, what do you think about CHID, news out recently that the CEO stepped down, then news that the new interim CEO plans to buy up to 1 million shares soon (about 1.84% of the float). How does the chart look to you?

IIP - I like this stock a lot.. 1.20 is too cheap to sell for me even though it may need a pullback to continue

CHID - not worth watching until it makes a huge move.. fundamentals may "seem" to be there but I'm not convinced till it starts to move.

[eliteG]

Hi G-

After this mornin's AIDO performance, u think it has what it takes to come back up?

N.

AIDO - not sure about that.. volume and gap lead me to believe it may be an exhaustion move although I dont know the news surrounding it

Hi elite
Bought QOIL yesterday @.40 hope you can give me some good TA on this.
• Dutton Associates Announces Investment Opinion: Quest Oil Rating Strong Speculative Buy In Initiating Coverage By Dutton Associates
Business Wire (Fri, Mar 17) 

QOIL - I see a lot of people asking about these little oil plays.. I dont like um.. QOIL has not proven anything in the TA thats shows me it can beat that 200sma.. move above .45 with volume then lets talk 

[garym]

G, what do you think of sttk even after this huge run.

But the string of news just continues with 5MM initial contract announced this morning.

[eliteG]

G, what do you think of sttk even after this huge run.

But the string of news just continues with 5MM initial contract announced this morning.

STTK - when after a huge run you get a candle like that.. you gotta wait it out.. how do you know it wont keep on going down?.. i say wait it out for now

[boatguy]

Just heard not confirmed-STTK stocklemon report!!

[digdug42]

http://www.stocklemon.com/04_04_06.html  crap