- A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.
Wednesday, December 31, 2008
Buy on close today and Sell on close Friday.
Happy New Year's
Wednesday, December 17, 2008
It's fairly obvious where the price resistance is going to be going forward. Question is how to protect your gains? If you are able - sell Calls; if not buy six month out PUTS. Basically, one could use the bottom of this recent shoulder and the Target area as a price range to trade around. Buy PUTS at the top of the range - take profits on Puts at the bottom of the range and use all profits to BUY more common shares.
Saturday, December 13, 2008
Thursday, December 4, 2008
So 7,449 on the DOW 30 or $INDU is the bottom for now. So be it. Bottom line is 8,800 presents the tell tale line for the bull run of Obama 2009. Another could be Crude Oil per barrel bouncing off of LONG term 200 Month average of $45.08 per barrel.
Mere coincidence.....I think not.
Tuesday, December 2, 2008
The long term monthly chart depicts the absolute crushing this stock has taken in the recent recession, but a look at the 60 day/60 minute bar chart below gives the glimmer of HOPE...
Bottom-line is if you've held through the recent downturn there is absolutely no reason to sell now. The $40 target may be a time to take "some" off the table, but I would do this only to reload for the eventual higher push back into the 60's.
Sunday, November 30, 2008
Friday, November 21, 2008
Price >= $5
Price <= $100
Average Daily Volume >= 250,000 shares
Dividend Yield >= 10%
Price/Earnings Ratio >= 8
Here are the charts in the above order. All are monthly going back as far as the companies inception thus giving you an idea of how established they are as well as a quick eyeball of previous performance. It is pretty interesting how diverse this group is. It is also particularly interesting how many real estate oriented companies are in this list.
Anyway, I thought you would find this info helpful and enlightening setting up for some long term purchases. My plan is to glean out at least 5 of these.
Currently without even doing perfunctionary research I like: BAC, SNH, ADSK, NAT, CRY, NNN, PPL, OHI. This group alone covers Electric power, banking, software, biotech, healthcare, commercial retail space real estate, senior assisted living real estate, & tanker cargo shipping.
Tuesday, November 18, 2008
Wednesday, November 12, 2008
Tuesday, November 11, 2008
5 Yr Weekly
- At $20.71 there is some extreme support which is weakening with each failed attempt to break below. A break would fulfill the H&S pattern and a projected target below would be $36.95-$20.71 = $16.24.
- Another bounce off of $20.71 which will ultimately fail at the 23.6% fib line or $24.54 and then finally break the $20.71 level.
Either way Mr. Softy will eventually provide a nice short opportunity