February Trading Thread

[ker17]

Originally Posted by NxtWrldChamp

Lol at whole thing.

fyp

[savant111]

Originally Posted by cky23k

http://stockcharts.com/school/doku.p...o_candlesticks

This whole site is cool Tks for the link!

[savant111]

Originally Posted by cky23k

Good questions,

1) I do primarily volume analysis and yes the volume was average to above average on the red bars, but what's very important is the open/close/high/low price on those days. You can actually build bullish momentum on consecutive down days if the close is continually above the low of the day. And you'll notice that all of the red down days closed above their low. Now I wait for the trigger which is usually the first black day.

2) I look at EMA not MA. We are actually above the 20 day EMA now which I consider support, not resistance.

3) Absolutely, I'm always worried about the general market. I'm always looking to be properly hedged. Because I'm long SSYS, I'll also try to be short a similar security (price, volume and volatility considered)

4) SSYS was performing with the market until about a week ago. After earnings they went through a consolidation period which appears to be nearing a close. I expected today to be a run-up which it was early on, but then Nasdaq did a nose dive. I'm sure the run-up will be tested again in the next few days.

SSYS held up pretty well in today's trading. NASDAQ took a complete nose dive about midway. I'm still bullish on SSYS, but will be watching it very closely the next few days. If it starts acting funny I'll exit my position early.

Tks for the thoughtful reply.#1 was particularly helpful.

[Morishita System]

Originally Posted by Mori****a System

Sold covered calls for $60 GILD at Jan and $21 CSCO at Oct, mostly to raise cash to enter a new position.

If they end up getting called, then oh well, I would make enough from the two to be happy.

Hahahahaha at GILD.
I feel like a luckbox.

[guller]

Wow GRVY is on fire. What would be a good entry point around here?

[zmyworldz]

What do you think of CEVA? Seems like a good buy. I will probably add a small position next week.

[Morishita System]

Originally Posted by guller

Wow GRVY is on fire. What would be a good entry point around here?

I think anything below book value ($3.40ish) is a good entry point. It's still trading at a severe discount to book, which is pretty hilarious.

The only reason I'm not piling on more is because it's already over 1/3rd of my portfolio.

[tastychicken]

well... if things don't go well for GILD next month there will probably be a huge impairment to goodwill coming (at someone who asked earlier when I used GILD as an example).

[zmyworldz]

Originally Posted by Mori****a System

I think anything below book value ($3.40ish) is a good entry point. It's still trading at a severe discount to book, which is pretty hilarious.

The only reason I'm not piling on more is because it's already over 1/3rd of my portfolio.

I got in at $2.xx, the point is that the buzz with RO can easily take this stock higher combined with the stock being lower than the intrinsic value.

I will sell probably 3 months after the final RO comes out since the mmorpg don't look too fantastic. It really looks like a generic RPG but I may be wrong.

If they plan to be in facebook I might go LONG.

[highpsiguy]

How far will the pending war in Iran push oil prices, everything is melting higher this hour, crazy, so obvious the war would be bullish for commodities like I said in here time and time again only to be met with negativity by the regs here.

[zmyworldz]

Stocks to watch this week for me would be CEVA, IAC.

[Brons]

I see that the DRYS bandwagon is starting once again. I won't go into the details again because I have written about DRYS several times over the years. Just realize the shareholders are there to make the CEO rich(er).

It's an extremely sketchy company and I would never touch it.

Besides, I'm pretty sure that a Greek default or whatever will have a negligible negative effect on the business compared to the other non-Greek drybulkers. These ships go wherever they're needed. The fact that the businesses are all registered in Greece makes no difference.

[zmyworldz]

Originally Posted by Brons

I see that the DRYS bandwagon is starting once again. I won't go into the details again because I have written about DRYS several times over the years. Just realize the shareholders are there to make the CEO rich(er).

It's an extremely sketchy company and I would never touch it.

Besides, I'm pretty sure that a Greek default or whatever will have a negligible negative effect on the business compared to the other non-Greek drybulkers. These ships go wherever they're needed. The fact that the businesses are all registered in Greece makes no difference.

i'm selling all drys once this bandwagon is coming to a stop.

[Brons]

It's actually pretty awesome. at the top in 2007 the company had a market cap of about $4.5 billion. In the meantime it issued about $2 billion worth of stock and now the market cap is $1.5 billion.

I don't even want to know how much of that went straight into the CEO's pocket.

I don't know if it's illegal what he's doing but I would call it a scam, even if it's legal.

[Boris]

Originally Posted by Brons

It's actually pretty awesome. at the top in 2007 the company had a market cap of about $4.5 billion. In the meantime it issued about $2 billion worth of stock and now the market cap is $1.5 billion.

[ ] is convincing or relevant evidence that the management is corrupt.