Registered User
Joined: 7/16/2006
Posts: 14
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Hi There,
Any comments on ZVUE? Do you see further downside ? or some room to go up from here ?
All comments welcome..
Thanks!
Amit
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Registered User
Joined: 1/12/2006
Posts: 296
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11/14 announced acquisition of DORK (on-line funny videos, 1 Million visits/day,etc.)
11/15 they announced being cash flow positive and that is when the price went parabolic (from the news and MOMO players jumped in and then quickly took profits).
Seems to be type of entertainment product youngsters would crave. It's holiday season, everybody should be buying. If so, their next quarter profits should be big (qtr over qtr).
Currently, it is at 50% retracement, which may or may not hold. More than double avg daily volume today, mostly selling. Could be at a bottom.
I like it.
Any other comments?
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Registered User
Joined: 7/16/2006
Posts: 14
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low float stock, so any positive news makes it go through the roof... makes a good speculative play going by
1. the consistency of news company has been releasling lately
2. a near 50 % retracement in the price over the last week
3. nearing 50 dma support
Look forward to comments....
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Registered User
Joined: 7/16/2006
Posts: 14
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any takes on price from here ? up/down/sideways !?
ALL comments welcome !
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Registered User
Joined: 1/12/2006
Posts: 296
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12/14 close was a 62% retracement from the 11/24 high - good signal.
Additional news came out early A.M. that sent the stock soaring, only to drop 2/3 from its high. It is very normal for a parabolic rise to immediately fall.
If this was a biotech, I wouldn't give it a tumble, but the story is good. An option is to determine their next earnings report date and buy shortly prior to that date. Normally, buying before earnings release can be a dangerous game, but this one just turned $ positive and it sems it can only get better.
I bought yesterday afternoon and sold 1/2 this A.M. I cannot predit what will happen on monday.
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Registered User
Joined: 1/12/2006
Posts: 296
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Monday A.M. pre-market, ZVUE has jumped up to 4.70's on high volume (227,000). This stock looks like a good trading vehicle and a long term holding. Current pivot is in the $4.25 area.
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Registered User
Joined: 8/12/2006
Posts: 83
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Kokoda - It was a nice move on your part to buy it on Thursday. How were you able to decipher that a REVERSAL was due the next day.
I would have waited for the Stock to turnaround for a day or two before making the move. Intraday chart also depicts a downhill till EOD Thu.
Hats Off to you...
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Registered User
Joined: 1/12/2006
Posts: 296
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Don't know about reversals, but...........
Intraday Trading:
I use 30 min and 5 min time frames for buy setup and sell. Of course, I have a MFST Word document in front of me with specific instructions, using a specific indicator with different settings (each in it's own pane). When a specific condition happens on 30 min, I then go to 5 min, where if a specific condition happens, I execute the buy/sell. At 3:30 P.M. on 12/13, the 30 min trigger occurred, etc. I only consider high volume stocks for this activity, min. 200,000.
No offense, but my specific system is proprietary. I am not being a smart ass, nor do I even remotely think it is the "holy grail", but it works for me - it may not work for someone else. Just someone who has paid the piper and then has invested thousands of hours - it's about choices that we all make.
And I never stop looking - am currently investigating the use of 30min/5min on buy and 60min/5min on sells.
Position Trading:
I've also arrived at my own method for end-of-day trading, where I may hold for 1 day, 1 mth, 1 yr, etc. I had been looking for years for a system for me (and something I can give to my son and brothers) where once I get a trigger to buy on this system, I then only monitor for one simple condition to occur to trigger the sell. This system allow one to lead a "normal" life with little time on the stock side.
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Registered User
Joined: 8/12/2006
Posts: 83
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Kokoda - Thanks for the reply.
Knowing, Stock trading is not a VOODOO magic, but is a real science, gives me the hope that over time, I can get there. I agree that even if the rules are written down and given to others, based on their interpretation and execution, results can be quite opposite.
So I understand you have developed a system over time which works well for you. Do you use any professional software to design / test / fine tune your strategies ?
On the Net I have read about these Software Platforms (like TRADING BLOX PRO). I am still trying to gather information on how useful any of these systems are.
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Registered User
Joined: 1/12/2006
Posts: 296
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No........but I do know the best software for trading stocks based on an unbiased study - expensive.
It's not easy and it takes time. At some point it all comes together (to a degree). If you develop your own method, you will be comfortable with the system. When I was a working stiff, many ideas came to me when I was taking a shower before work. My point is that the same experience happens to me with ideas for how to approach the market/pcf's/etc., not during a shower, but sometime after concentrated effort (days/weeks) a specific solution pops up.
Don't get discouraged, but treat it like a business or like your financial future depends on you results. In the end, the best method for the typical investor is to position trade, per my prior comment. Look at many, many charts (daily/yearly) and always ask WHY.
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Registered User
Joined: 1/12/2006
Posts: 296
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To clarify the chart business...............ONLY review quality stocks that have appreciated significantly, like GROW. Get a 2-week trial to IBD (free) to get a current list. Review the charts on a daily/yearly basis. What were the similar conditions that many of these exhibited near the start of their run-ups? Vary your indicators; and yes this is time consuming - there is no free lunch.
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Registered User
Joined: 1/12/2006
Posts: 296
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This A.M., I exited the balance of my position at $4.70. Reason: it spiked up too fast - thus, I watched my "fast" setting indicator for a crossover, then I was out.
This info is relayed only to give different insight for intraday trading. You have to have a written plan and follow it. At times, this strategy will cause me to miss extra profits but it also prevents gains from disappearing. A "bird in the hand..............".
ZVUE is currently on my buy watch - I want back in but it won't happen unless the indicators tell me to buy.
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Registered User
Joined: 7/16/2006
Posts: 14
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Thanks for your comments Kokoda..
Im Long ZVUE, and am confused if I should be averaging down on any dips or if sell if it goes down from here.
Do you see it taking a bounce from the 50dma ?
Look forward to your comments...
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Registered User
Joined: 1/12/2006
Posts: 296
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Don't ever average down. For the few times you may be rewarded, the majority of times you will be toasted.
The 4.20's area seems to have provided support and this agrees with a pivot point analysis I perform (manually).
The 3.93 low on 12/14 was an important Fib retracement of 62%. Shorter term M/A's are converging, which is a good sign and price is above 50 SMA.
Most times, one has to have patience and give room for the stock to work. If it closes below 3.93 I would get out. I think it is going higher, especially if it can close above the 4.70 area. Then, I would tell you to buy more. This is the opposite of averaging down.
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Registered User
Joined: 7/16/2006
Posts: 14
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Thanks Kokoda for your comments !
Hope it closes above 4 today..
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