Registered User
Joined: 10/7/2004
Posts: 2,181
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NWRE coming off a real nice W pattern formed Nov-Dec; bullish looking pullback the last week or two.
Could be ready to make a real nice move over the next month.
Happy trading!
(By the way, you all play nice today or I'll have to sit between you!)
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Hey TB you were wise in your choice to not participate in that whole thing..
I like the pattern on this one, the FIB lines seem to match up with all the ressistance levels (I am still new to FIB)
All my indicators are positive. I know that this is a bottom pattern but it almost looks like a cup & handle too..
A good buy price would be $13.00 I will be in at that level
EVOL is doing well.. Need your feedback if you do not mind on FPP does it look like GV did a month or two ago. Let me know what you think
Good trading today (and do not worry it is my new policy to not indulge in such antics again)
Apsll..
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Registered User
Joined: 10/7/2004
Posts: 2,181
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apsll
Hello my friend.
re: FPP: I agree with you that it looks like GV when you are looking up close. It's almost perfect in that regard; driven down hard, strength exemplified 2 or 3 times and then settling back to its 20-day lower bollinger band. A real beauty. Here's the only problem I have with it from a safety standpoint:
Have a look at a one year or longer view. On GV you can draw a trendline from the highs of May 06 down thru Oct 17.
Then on Oct 24,25 it breaks up thru that trendline, retraces for a month or so building strength, then takes off.
FPP has not broken up through any such trendline. I do note that it has flattened out Oct-Dec as if it has found a bottom but...well, we all know how that can go. And with metals looking strong and crude futures dropping, well, I'm just not sure. Could be a great play if the odds go in your favor...could be a loser as well. I'd keep stops really, really tight if you get in now.
But just try this little test first, draw a trendline from the 10/20 high thru the 12/29 high; I'm guessing FPP won't climb until it breaks thru that line. Might be a month or so of consolidating ahead of us.
But I'm sure adding this one to my watchlist.
Sorry for the long post; my wife and kids say I am so long-winded.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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I have that same trend line already in place and concur with your plan..
Thanks for you input..
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Registered User
Joined: 3/21/2006
Posts: 4,308
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I am in NWRE at $13.00 with a stop loss at just below the intraday support from Thursday of $12.70..
Take a look at GLBL I found this on a waky scan I did with BOP 4 day ma line at zero
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Registered User
Joined: 1/29/2005
Posts: 104
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I like the NWRE chart pattern. NWRE shows good consolidation and strength and can run up to and possibly through resistance @ $15.
GLBL is in a downward trend channel. While GLBL may go up some, I would wait for it to break through its resistance @$13.75 or the 40 day MA($13.55?) before entering.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Good observation Ipark, But I trade a little unconventionaly however so we are probably looking at this in diferent ways.. I see the November lows as the first hurdle, and it is there now..
I will buy 1000 shares if she breaks $13.25 after that I feel good all the way to $13.80 or $14.00 where we agree that there is resistance. It is all in the amount of shares you buy.. This will be a $600 or $700 situation not enogh to go to disney land, but hey she might even break $14.00 and keep going..
I usaully play this price range differently (Buying off springboard candlesticks) in a stair step pattern, never thought about bottom feeding in this range until some recent events gave me the idea...
Thanks for your input..
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Registered User
Joined: 3/21/2006
Posts: 4,308
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I forgot to add that certain indicators lead me to belive in this stock moving up.
Look at TSV during the November lows, it was at the very bottom, but during these January lows, the TSV is not so low, even though the price is lower..
There are other indicators that look good, but we will see what happens at least by Monday or Tuesday...
Apsll..
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Registered User
Joined: 8/12/2006
Posts: 83
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APSLL - What is Springboard Candlesticks ?
GLBL - Being in a downtrend - It is hitting the near term Resistance Trend line - Highs of Oct, Dec 06.
This time it may test the Support at 11 and bounce back. Even if it breaks thru the resistance of 13, it can fall back quickly.
My knowledge is limited, You have been playing these risky moves and have been successful.
On a different note, how much does TechniTrader Educ-material cost? Do you still refer to the materials on a regular basis?
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Registered User
Joined: 12/8/2004
Posts: 1,301
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Nwre is not one of the stocks I trade on a regular basis but that chart is a go with me as well. Nice pick toby.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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ZAG: Do not buy GLBL it is to risky, it is in a downtrend, and you should never bet against the trend..
I like the thrill of trying to get something from these, and I do not want you to get burned.. I was just looking for Tobydad's input on it...
A spring board candlestick is as follows:
GLBL on 11/28 see how the candlestick rises above the 7 day consolidation, and it sticks out like a sore thumb..
That is a springboard, when a stock is on the rise and the pattern almost looks like a staircase going up, after a stock rises for a few days it will some times take a break and consolidate, the spring board (Sometimes) means the break is over, and that the up trend will continue..
I will buy after a spring board above the high of the springboard (only if the price is going up)to hitch a ride on the next leg up..
They do not always work so be carfull...
With GLBL I will only buy if it rises above $13.25 and I will be ready to sell quickly if it goes the other way..
I just have a hunch about it and I am probably wrong, so just pass this one by...
Apsll...
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Techni-Trader is $1000 for the course when I bought it, and it made a great addition to my already limited knowledge..
This is not meant to brag but my large capital base alows me the luxury of making mistakes and not lose my confidence.
For me(IMO) it is all about indicator interpretation, which Techni-Trader focuses heavily on, as well as candlesticks...
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Registered User
Joined: 8/12/2006
Posts: 83
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Apsll - When asked multiple questions, most tend to answer the first one and leave it at that. Very few take their time to answer all of them. You are one of them.
Thanks...
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Registered User
Joined: 4/18/2005
Posts: 4,090
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Zag999ca
I am a current technitrade4r student and have been for a year. I debate dropping them but at the same time I feel they pay for them selves. I enterd my first year and made 30% to my trading capital with their system. It is good info. I'm not certain that it is worth more. they are expandin on it now. The main course is $995.00 for 12 DVD's that are tailored to the COMPLETE beginner. but there is ome good stuff there. Then after the first free month for $50.00 a month you get a nightly email with a market discussion, specific stocks sent out as picks for various time periods.. further analysis is up to the student. There is also a questin and answer service where your specific questions are answered personally... in theory. don't over load them or you wont get any answered. there are also little asignments designed as learning experiences. It isn't bad.. sometimes I wish it were more.. but fore its price it's pretty good. I could probably do ok with out it now.. but I like the email sevice. Lately I dont get much response to my questions. they dont tell you what to buy and what to sell but help you find your own picks and decide for your self. the picks that are sent out are for people that are really busy and cant spend 1 hour a day wading through their various scans.
In addition to the 12 DVD's and Email you will recieve a risk to reward calculator in Excell which I still use and a disk with thei telechart settings (so everyone is on the same page) and their custom scans. The scans are designed as more than a stock finding tool.. the different scans will surge at various times and by following those surges calling the next day week or so is easier. I have found them to be fairly effective.
the nightly emails also discuss topics speciffic to current markets. So in heavily trending markets she will drop the general topics and discuss swing entries and picks, momentum trading and during slower markets position trading and aproptiate strategies.
I also bought their Position trading elective course for $395 with was a few DVD and a couple of books, journals and trade logs etc etc. However aside from seeing the information on technical analysis visually rather than in an email it wasn't really allot of new information from what I had gotten from the last year of nightly emails.
I have started reading "Technical Analysis of Stock Trends" by Robert D. Edwards and John Magee (7th edition) and while it is helpful again there is nothing truely new that wasn't in the nightly emails.. but it is easier to flip to the apropriate section and see charts with examples in terms of volume etc and various set ups. TA has allot of information that can be tough to keep straight and some situations are more reliable than others so I focus on the ones I feel are most reliable and when I think I have them down I start looking into other aproaches, formations, setups etc. With almost 7000 stocks there is an oportunity every day.. I dont alwayse find them but I try.
Oh One thing that I particularily like about Technitrader is that if you want to research somethign specific for example momentum trading and entry techniques just ask their support crew and you will get an emil with attachments for everything they have ever written, including things prior to your membership. That is handy.
also they will do fundamental research for students on stocks that students find and send in ... but you will know how to do their form of fundamentals....
Hope that helps.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Wow!! not the best of days for me, I got pushed out of NWRE and IFON by my stop losses.. the profits I made from AATI were eaten up by these two.
Oh well not every day is going to be grand, Never loss your confidence though. I am going to study the indicators on these and see if my descisions to buy them were flawed..
As tobydad says - I did not do anything wrong because I followed my rules, the trade just whent against me...
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Registered User
Joined: 12/22/2006
Posts: 26
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I wonder how much negative news had to do with today's down trend? The NAS was down, and Chavez is talking about nationalizing all of Venezuala's major industries (oil included). On the other hand the Dow went up. Seems like a mixed bag....I'm still holding.
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Registered User
Joined: 10/7/2004
Posts: 2,181
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Have a look at this with HNC's indicator.
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Registered User
Joined: 12/22/2006
Posts: 26
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Yes...I set up an HNC chart template sometime last week and have noticed the lower MAs converging. I almost sold above 12.60 and thought I might buy back in lower, but decided to hold instead.
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Registered User
Joined: 12/22/2006
Posts: 26
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Bad earnings...doesn't look good at all for tomorrow.
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Registered User
Joined: 12/22/2006
Posts: 26
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I know after-hours prices can be drastic, but this is just terrible. Oh well, live and learn. Should have sold before earnings.
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Registered User
Joined: 12/22/2006
Posts: 26
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Need someone's informed opinion.
Afterhours, NWRE has dropped $1.24 to $11.53. Does this mean it will open somewhere in that area? Or will the price open considerably higher than the afterhours close?
I'm curious as to whether or not I'll at least get my sell stop price....
Thanks,
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Registered User
Joined: 4/3/2005
Posts: 91
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If there is any "feel good" after hours, it was that it hit a low of
11.11 and then went back to 11.58 ( per nasdaq.com) by the end.
But with 15% of the float held short, there are some happy people.
I have neither position.good luck.
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Registered User
Joined: 3/25/2005
Posts: 864
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You have got to be kidding me!
You took a position in a stock that
was due to report earnings?
When will anyone ever learn that is a NO NO?
Sure, take a position in a stock before and
perhaps right up to the end of the day before
the earnings report is due or take a position
after the earnings report comes out. But,
never have a position when the earnings report
is being report! Never! Never! Never!
NWRE's profits felled by 77%. I think that you
should probably get out first thing tomorrow
morning before it gets any worse.
To answer your question directly about extend
trading prices verse regular hour prices --
They are quite often totally different from
each other. And, occassionally, they are
similiar when the market opens nextday.
It just all depends on the news that transpired
between yesterday's close and the nextday's open
-- if there was any news at all.
Oh well, live and learn, I guess.
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Registered User
Joined: 12/22/2006
Posts: 26
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Lesson learned...believe me.
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