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Please share with me your opinion
This is a discussion on Please share with me your opinion within the US Stocks forums, part of the Equities category; I project PRST will gain at least 10% from the current price of $1.79 at the end of next week. ...
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Nov 7, 2009, 11:59pm
| #1 |
| Member Join Date: Oct 2009 Location: New York Posts: 51
 | Please share with me your opinion I project PRST will gain at least 10% from the current price of $1.79 at the end of next week. Is my dream too big ? Please share your opinion  . .  Last edited by songcon; Nov 8, 2009 at 12:10am. Reason: Edit the chart format |
 
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Nov 8, 2009, 12:31am
| #2 |
| Member Join Date: Oct 2009 Location: New York Posts: 51
| CBBO - One day after the double bottom was form 
17-Sep-09 1.30 1.30 1.08 1.19 52,800 1.195-Nov-09 1.36 1.36 1.10 ]1.16 157,600 1.16 (Sorry for the misspelling it should be was "formed"  With the position of MACD, RSI and Slow Stochastic (not shown), it looks like this penny stock has some more room to move up in the next few days  PS: The master advised me that a double-bottom is form when the prise closes above the height of the 2 bottom, in this case, it's $3.50. I wouldn't play by the book in this set-up. Last edited by songcon; Nov 8, 2009 at 11:18am. Reason: Add notes . |
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Nov 9, 2009, 7:14pm
| #3 | |
| Member Join Date: Oct 2009 Location: New York Posts: 51
| Please share with me your opinion Quote:
No sweat, no glory   CBBO gained 5% today but my feeling on this stock is less now  | |
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Nov 11, 2009, 1:32am
| #4 |
| Member Join Date: Oct 2009 Location: New York Posts: 51
| I picked up DVAX today
Today I bought this little one this morning at $1.36, it opened at $1.45, closed at $1.44. It's a Hangingman candlestick. The technical analysis has this definition: HTML Code: The Hanging Man formation indicates trend exhaustion, and suggests a bearish reversal. After a bullish rally the day opens with a significant sell-off, creating a long bottom wick. However, buyers are able to push prices back to the upper range, creating a short body. The meaning of the candle is a bit ambiguous. Even though sellers brought the market to low lows, in the end buyers brought the close price back up near the market open price. [COLOR="Navy"]Overall this candlestick serves as an early indication that buyers are losing control and bearish traders are gaining strength.[/COLOR] When I got the quote, the bears were in control of the stock but I looked back at the most recent MACD crossing in September and discovered a similar situation - bearish candles appeared on the day MACD crossing and also the next day, and the second day after the crossing there was a runaway gap up ! I will see if the is a runaway gap the day after tomorrow. There seems to be no logics on the movement of this stock regarding its late response to the positive signals but I have some hope for this one in the next few days  On Sept 10, 2 days after the MACD crossing, DVAX opened 70% higher, moved up some more and the bears started getting in HTML Code: 11-Sep-09 2.65 2.66 1.91 2.22 8,455,500 2.22 10-Sep-09 2.95 3.35 2.52 2.55 27,029,300 2.55 9-Sep-09 1.75 1.84 1.71 1.75 552,300 1.75 8-Sep-09 1.75 1.76 1.70 1.73 256,000 1.73  |
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Nov 11, 2009, 2:02am
| #5 |
| Rookie Join Date: May 2009 Posts: 5
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nice play |
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Nov 11, 2009, 8:29am
| #6 | |
| Member Join Date: Oct 2009 Location: New York Posts: 51
| GIGM is ready for a trip to the upper band. I think ! Quote:
- - - - - - - - - - - - - - - - - The current set up of GIGM is very similar to that in Nov. '08 and Mar. '09. I'm very tempting to get into the position today unless negative development in the trading day today. Just hope   | |
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Nov 11, 2009, 9:29am
| #7 |
| Member Join Date: Oct 2009 Location: New York Posts: 51
| SOPW moved below Bollinger Bands
SOPW moved below the Bolling Bands yesterday. Since it's a strong stock, chances for it to make a quick turnaround and move toward the upper band is very good unlike GIGM which is weak stock and keeps hanging around the lower band for sometime before changing the direction.The negative thing is Stochastic is at the wrong position, and RSI signal is negative due to heavy selling yesterday. I'll be watching SOPW closely today  SOPW closed yesterday at $1.21  |
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Nov 11, 2009, 3:30pm
| #8 |
| Rookie Join Date: May 2009 Posts: 5
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I have an automated program that uses standard deviation bands like this, and even when many told me it would never work long run, well 3 years of backtesting ES proves that wrong, I like this method - good luck to you |
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