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FBC breakout
From a bank - who'd a thunk it? Earnings estimates are crappy but it pays a 4.1% dividend.
From a bank - who'd a thunk it? Earnings estimates are crappy but it pays a 4.1% dividend.
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NDE bullish engulfing bar
Another bank stock having a MM kinda of day (huge!). Stalled trying to get back through its 200DMA.Comment
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CONN - great looking company
Broke out yesterday and following through today. The fundies look nice: ERG = 255; ROE = 17.80%; Institutional holdings is only 40.7%; and PSR = 1.5. Float slight more than 5 million shares and yesterday's action looks like some elephants were jumping into the pool.Comment
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JLG update
Mentioned this one last week, IIRC. Nice consolidation range has formed the past two weeks. Weekly technicals are overbought so there might be some downside pressure building up.Comment
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EME continuation
Broke out on Tuesday and following through today.Comment
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BRCM earnings out
Must be good because BRCM is up 10%.Comment
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STP - going to $41?
Hi Steckler,
Following your comments and picks...
What do you think of STP? Looks like it settled around 35 and now started the climb. Above the 10-day moving avg again as of today.
Your comments?Comment
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STP? It's the racer's edge....
(Boy, am I dating myself with that one!)
Wednesday's pullback was almost exactly to the 38.2% retracement level between the IPO low and the 1/23 high. Today there was a harami bar (in Western terminology, an inside day), which signals indecision between buyers and sellers. It will be interesting to see if tomorrow is inside today; if so, that will make a symmetrical triangle.Comment
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So, if there is a symmetrical triangle, is that bullish or bearish?Originally posted by DSteckler
Thanks again!Comment
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Dudes...Is this stock trading or Algebra???Originally posted by mystikyComment
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Mystiky, symmetrical triangles are consolidation patterns, not continuation patterns. It's a largely unpredictable pattern that can break out either way. That's why we need to wait and watch to see if a symmetrical triangle forms.
Webs, you wanna run with the big dogs, ya gotta pee on the big trees. Chart pattern analysis is the basic underpinning of TA; a good technician can make a respectable educated guess about the future direction of a stock based solely on the chart pattern and volume, without using any technical indicators. If you're not comfortable with chart patterns, you're guessing as to what comes next. MOO, of course!Comment
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I gained 31.5% last year with just simple logic.Comment
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And I had some accounts up 57% last year using basic chart pattern analysis and elementary money management. Everyone plays to their strengths, I guess.Comment
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What works for some may not work for others. I just like to keep it simple...Originally posted by DStecklerComment
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I have a dog that likes a bone. Now that I gave my dog the bone I cannot take the bone from my dog. He growls and snarls and I think he would bite the hand that feeds him. So what should I do with my dog? Should I distract him and cleverly snatch the bone? Should I tell him who the master is? Or should I just let my dog chew on the bone until it gets tired of chewing the bone?
Ya’ll like what is this dude talking about? Well that is the beauty of the beast. It is up to your imagination as what is going on. Well that has nothing to do with stocks or investing or does it?
Sometimes the market gives you a bone and sometimes it growls and snarls at you. No the real answer is what is one to do. You cleverly plan you trades and then take your bone. You tell the market who the master is, but like my dog it does not understand. Just when you think you got things figured out the dog (market) bites down on your hand causing you to drop the bone…Comment
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