SCT

[Terliso]

BUSINESS SUMMARY  
Scottish Re Group Limited, a holding company, through its subsidiaries, engages in the reinsurance of life insurance, annuities and annuity-type products in the United States. It reinsures a range of life insurance and annuity products. The company's insurance products, which it reinsures, include yearly renewable term, term with multi-year guarantees, and ordinary and variable life. Its retail annuity products that it reinsures include fixed immediate annuities, fixed deferred annuities, and equity indexed annuities. The company also reinsures institutional annuity-type products, such as funding agreements, guaranteed investment contracts, pension termination, and structured settlement annuities. It offers its products primarily to life insurance and life reinsurance companies through reinsurance intermediaries, brokers, and consultants. The company operates in the United States Bermuda, the Cayman Islands, Guernsey, Ireland, the United Kingdom, and Singapore. Scottish Re Group was founded in 1998 and is based in Hamilton, Bermuda.


I just wanted to point out the "3 Magic Lines Breakdown" Strategy ....

SCT 3 magic lines breakdown (daily & weekly scale)

[Terliso]

After a month SCT still sliding lower... it would have been a great, great short if we catch it @ the 3 magic lines breakdown @ $18 bucks

---- Noticed the weekly MACD bearish crossover exactly @ zero level.... if you'd like to go short you can also use the T3ML as a shorting strategy just reverse everything & a little bit of tuning....cool huh?

[Terliso]

Bad, bad stock from $25 to $4.00 bucks

[nullzero]

Nice short pick Terliso you believe the market tide has shifted?

[Terliso]

A little bit weakness on Nasdaq & Dow Jones but they still hanging on the positive side.

[sucrose]

Scottish Re Group Limited, through its subsidiaries, engages in the reinsurance of life insurance, annuities, and annuity-type products in the United States. It reinsures mortality, investment, persistency, and expense risks. The company�s reinsurance products include yearly renewable term, term with multi-year guarantees, and ordinary and variable life; and retail annuity products include fixed deferred annuities and equity indexed annuities. It also reinsures institutional annuity-type products, such as funding agreements, guaranteed investment contracts, pension termination, and structured settlement annuities. In addition, the company offers term life and term critical illness protection products, and annuity products in the United Kingdom, Ireland, Asia, and the Middle East. Scottish Re Group offers its products to life insurance and reinsurance companies, and pension plans through reinsurance intermediaries, brokers, and consultants. It operates in the Cayman Islands, Guernsey, Ireland, the United Kingdom, the United States, Singapore, and Japan. The company was founded in 1998 and is based in Hamilton, Bermuda.

[Ares]

Turning on the upside?
Currently SCT is above the 8 ema of the weekly and daily charts.
For a daytrade, I'm looking for the hourly,15, and 1 minute to be above the 8ma, trading at least 2.5% above the open, a positive net price, nice level 2 set up, and green prints (better if blocks) filling up the time and sales screen.
The daytrade position may turn into a longer hold if the stock closes strong.
I don't know if this has a wolfe wave pattern.
I have to re-read that section (just speed read through it before).
If it does, would someone please chart it?

[setravis]

"SCT" 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 $$$         

[Ares]

Here's my speculation on SCT.
Since the RSI(2) and stochastics are still on overbought territory, price may dip first for a third tag of the uptrending line of a possible ascending triangle breakout.
Another possibility is a breakout tommorow since we closed today as a doji (trader's undecided).

[Ares]

More SCT speculation.

Is a break out imminent because it's trading above the 8ma and price made a higher high
or
Will it go down to where the steeper uptrend line meets the descending trendline and horizontal support RSI(2) possibly below 20?
or
Will it go down to the lower uptrending line that meets the descending trendline and horizontal support. Stochastics possibly near 20?
or
Will it just give the lower uptrend line( a more sustainable angle of attack) a 3rd tag befor moving up?