GTA Weekend(output)

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GTA
Stock opinions and chart analysis. 

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Like to know what your take is on the market G. Recent two days have been up pretty good like to know what your take on this is... bull trap?

Hey nullz.. I will get to this question more in depth on the Week-Ahead Outlook tomorrow but this is what I think now:

The market still has a lot of bearish momentum.  The move for now can only be called a bounce.. the Nasdaq remains under its 20ema.. a close above would be step 1 to showing a changing trend.  Lets see if the market can pull that off this week.

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hi G,
hope everything is fine again!

What about FRPT, IMOS, STP and VPHM ?

cheers
Oliver

C'mon Oliver.. tell us about these stocks dont just list the tickers! 

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Hey G howz it?

Appreciate your views on the potential for a reversal in ERS - looks to me like we've hit bottom and today tentative MACD buy signal.  Still too early?

Thanks!

I still think its too early cdmartin but the volume kinda looks nice... if the market bounces see if this one is catching the wave.. but for me I would stay away unless daytrading. 

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Hi, G:

Could you please help on the following opinon:

GTCB     Got new positive approval recomendation

CDSS   trend reversal?

PKCY    still seems solid business

HYRF    will they able to survice the hard ship? new website seems up and start working

Thanks a lot!

Hey oldfish  this is what I saw:

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Hey G!

ACTG, closing today on its highest price ever! what do you think?

IGII, cant break that 50 ma. Will it finally get over that resistance?

ACTG is showing power.. IGII is sleepy

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Hey G,
Nice to have you back. Hope everything is Otay!
I noticed that the Dow is currently in a H&S pattern and is starting to form a 2nd Right shoulder. Am  I seeing this correctly.
Thanks G

What I see is the Dow coming up to test its head and shoulder breakdown(it already formed the pattern and broke down)... I'll get to this chart in the Week-Ahead Outlook tomorrow 

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G, what are your thought on SKIL.  It seems to have held up well since May 10 (Unlike my porfolio).  Do you see a continuation of the uptrend.  I'm thinking of placing a limit buy at $5.85.

Strong stock... looks like a great buy spot if you can get it(might want to move it a bit higher) thx for the heads up   

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CHID

historically speaking, mid June- July is explosive for CHID. The fundamentals have not changed and the aquisitions are still on track, delayed a little until Q3 but nothing big is going wrong. The overall market seems to dictate its trend right now. What are your thoughts?

Here are two graphs of 2004 and 2005, the only two years the company has been trading.
June-July gets almost 300% pops

Nice analysis... I am hoping you are correct because for now CHID is really a pain.  We need to see some action this week.

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G-

MRY looking goood......it broke out on friday,W formation,high volume....

Thats a hot one bocsava.. big breakout.. nice  thx for the heads up

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Hey G,

Hope you had a nice vacation. 
Would appreciate your thoughts about BSML.
Last week rejected a 4$ BO offer. Exploded again on Friday without any PR. 

Thanks!
Itay

Hey Itay - Its got momentum now.. no doubt... but my history with these buyout rejection plays is that they do fall back sharply.. so make sure to bring home the kesef 

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Hello G,

Good to see you back.   Was wondering what you thought of MKTY.  Had a move to $4.50 in May due to a deal with Samsung.  Sold off to $2.50 over the last month.  Is sitting at $2.87.  The 200dma is $3.40.  You think it could get a nice pop in the next week?

Thanks in advance......Alien

Hey Alien  - I have to be a little negative on MKTY for now due to the breakdown but the volume may counter here..

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Hey G, I know you dont really play sub-pennys but what do you think about BKMP.  Here is the chart.

Hey Higher.. hmm BKMP is eeny weeny but it has potential 

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Hi G,

Was wondering where you think a good pickup point might be for SLV?I think its hits resistance at 11 or so, maybe goes down again, but should be longer term bullish, just not sure how low it can go before that...

yo toky  - SLV hasn't confirmed bottom in my opinion but if you are itching to buy I would say a break of 105 could be a nice long trigger

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Here is a stock that deserves a mention.  XKEM - could be the next big multi-day mover penny.  Technically its got the volume(big money) and a chart flirting with the 52-week high.  The current run is due to orphan status from the FDA for their sickle cell treatment.  Mkt cap ~33 million.  Keep on watch if it decides to run.