Registered User
Joined: 3/21/2006
Posts: 4,308
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I bought this morning at$1.48 on its way down from a high of $1.76 All the indicators look good on this. Very large volume push in the closing moments, I hope that means continued success tomorow.
Get in now it looks interesting
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Registered User
Joined: 3/21/2006
Posts: 4,308
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I will take 35% Just sold, This is the kind of bottom feeding that will agree with my stomach
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Registered User
Joined: 1/12/2006
Posts: 296
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What type of lure are you using for bottom feeding?
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Registered User
Joined: 3/21/2006
Posts: 4,308
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For starters - VOLUME
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Registered User
Joined: 3/21/2006
Posts: 4,308
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I bought back in at $2.27 yesterday. Although it is down I am going to try an experiment in trusting the charts.
All the indicators say to me that this will pull back and continue up at some point. In the past I would panic and sell right now for a loss, and then watch a few days latter as it turned back up. This in my opinion is a strong pattern and I am going to ride this out (belive me it is going to be hard for a while)
Wish me luck.. 
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Registered User
Joined: 3/21/2006
Posts: 4,308
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just added some more shares at $2.01 Look at BOP & TSV, (I am still experimenting with this one).
It has turned up after hitting support from October/November
and Relative Strength is turning up as well..
Nothing is for sure, but if I am right on this one then it will be a good lesson in Patience for me..
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Registered User
Joined: 3/21/2006
Posts: 4,308
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This is a fun experiment, it is (as of 3:30pm) at $2.26 WOW, I am sorry but with my added shares from the 8th this is realy going to be good.
Now if the Patriots can just make it to another Superbowl..
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Registered User
Joined: 1/7/2007
Posts: 45
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I need help!!! How do you have your settings set? to spot this stock. I'm very new at this and I need all the help I can get.
I have just reading for a long time, and I'll never learn unless I start asking questions, so I can start doing research and help find stock like this.
Looks like you have a winner here.
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Registered User
Joined: 9/22/2005
Posts: 849
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I should have paid attention and bought when it pulled back to the 50% fib line (1.80). The fibs say it will go to 3.00 (which coincendentally matches the next reasonable reaistance) after it clears 2.40.
I bought at 2.22 and will watch it closely when it approaches 2.40.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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BC: I did not know you were studying FIB.. I too am trying to learn, as I see it the BIB does match up with all the support and ressistance lines, that gives me more confidence in the stock when that happens.
I never know where to start the first line from, in this case I started from the high of August to the low of November. I see the next resistance at about the $2.90 - $3.00 range.. I have such a huge profit at this point that I might sell soon.. I made a killing on this thing back in mid December..
COWGIRL1964: I do not know the extent of your knowledge, but if you are very new to trading, I must tell you that low price stocks are not the place to start..
I made a promise to the veterans of this forum to let them handle the educating of rookies (I am also a rookie)..
I will say that you should watch all the tutorials that are avalable on this site and seek the council of the vets
Diceman is always willing to lend his help, along with Havenocents, Kokoda, Tobydad and others
Goodluck to you..
Apsll..
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Registered User
Joined: 9/22/2005
Posts: 849
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Apsll
I don’t consider myself a student of Fibonacci. I have just what I can find with a Google search. There is much I don’t know yet about fans and arcs. What I know about lines I learned through trial and error.
A the risk of preaching to the choir
In the case of TRMM, I set my zoom at seven and start the fib line at the low on 12/13 (1.21) and finish on the high on 12/20 (2.40). This shows that TRMM could possibly pullback to 2.21 (23.6%), 1.93 (38.2%), 1.80 (50%), or 1.53 (62.8%). In fact it turned around at 1.85 on 1/5 and on 1/7 confirmed the turn around. Theory says that there two more significant levels at 161.8% and 261.8%.
Change the zoom to four and you will see that the 161.8% level is about 2.90 to 3.00 and the 261.8% level is about 4.13.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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TRMM is currently at $2.43 and although my profit is huge, I think I will at least hold to the $2.85 area with a very tight trailing stop loss...
Now look at FPP it is currently in a similar triangle pattern that GV and EVOL have risen from..
I positioned the FIB lines from the high of July to the low of December, and it matches up with all the proper suport and resistance levels.. If it breaks the triangle, then the first level of resistance is not until $2.65...
I am considering buying my first lot now, and when it does break free of the triangle I will buy a lot more.
Would love your feedback on this..
THX Apsll...
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Registered User
Joined: 3/21/2006
Posts: 4,308
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BC: one more thing I have looked at the Fibonacci for EVOL (highs of January to lows of December) and sould we short this stock to its 50% retrace level of $1.35 ? If not I will indeed buy more shares at that level. And also GV is currently at its 50% retrace level, I am going to see how that reacts from there, it might give me some insight about the reliability of Fibonacci...
Just some food for thought...
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Registered User
Joined: 3/21/2006
Posts: 4,308
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I had to sell at market open when it crossed $2.50 (I was lucky, right after I sold it droped down to $2.34) that was a major success story in my jornel.. I might even buy in again soon for a third go-around...
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Registered User
Joined: 9/22/2005
Posts: 849
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Apsll
************************************************************************
EVOL
I sold EVOL at 1.58 and am waiting for the pull back to buy again.
I would hesitate to short EVOL. It might pull back to any of the fib lines and start back up. There is no magic in any of the lines. BOP, OBV, TSV, MS all well above their ten day moving averages,
************************************************************************FPP
I agree with the triangle. But the slope of the bottom line looks pretty flat which would make a down sloping triangle with some bearish implications. The price is tickling the bottom line. I would wait until it closes above the top line.
************************************************************************
GV
I sold GV at 1.27 am waiting for jt to confirm the 50% retrace, maybe today.
************************************************************************
Remember that I am a rank new comer to the trading world, so be prepared with a large grain of salt when you consider my comments.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Well I am only a few years ahead of you and (in terms of the market)that is not to much, you seem to have a good grasp on technical analysis anyway..
I bought back into TRMM at $2.29 (I don't know how many times I can keep milking this thing). But as long as there is milk in the utter, I will keep at it..
I think that I will buy FPP later today anyway.. It is acting so much like GV did at this stage, that it is spooky..
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Registered User
Joined: 9/22/2005
Posts: 849
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I'm still leery of FPP, Since 12/12 it has touched the bottom line seven times and the top only twice,
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Registered User
Joined: 3/21/2006
Posts: 4,308
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I do not wish to beat a dead horse here, but if you look at GV from November to early December it was dancing all over The $1.00 line flat as as board..
I did not buy FPP because the markets were so hidious today, But I am convinced that it will break that triangle very soon...
Thanks for sharing your thoughts.
Apsll..
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Sold a little while ago at $3.10 and bought last week for $2.29 another 35% gain..
I have gone to the well with this security three times in a little over one month..
I have heard that some traders will stay with one stock, trading it long, and then short, and then long and so on..
This might be a good candidate to do that with...
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Registered User
Joined: 9/22/2005
Posts: 849
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apsll
I listened on the 18th bought at $2.25. Sold today at $3.08.
May back on the pull back.
Keep posting your ideas. You're making me money.
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Registered User
Joined: 6/17/2006
Posts: 10
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apsll thanks for this great gift bought at $2.12 and sold at $3.27
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Going for #4...
I have a buy stop limit order at $3.05 GTC
The indicators are still in my favor, and the volume always tappers off right before the big move..
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Registered User
Joined: 9/22/2005
Posts: 849
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I will follow your lead on TRMM. It looks like will be a good entry point with a 6% risk (or me) vs a potential profit of 32% (for me). Excellent reward to risk.
***********************************************
You may want to look at HMB.
This is a falling wedge defined by highs from 10/18 and 01/08 and lows from 11/08 and 01/24. It touched the top of thr wedge on 02/02 at 3.39, pulled back to 3.27 (46% pullback) on o2/05 and has traded sideways since. It crossed the top of the wedge again on 02/08.
Fibs say to expect minor resistance at 3.41, 3.60, and 3.80 and major resistance at 4.20, a natual target.
It has had very good volume on both days it touched and bounced the lower Bollingr Band. OBV and BOP look OK.
A close above 3.41 should be a good, low risk entry with an good reward to risk.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Well I am back in this for round four (my buy order above $3.05 has been trigered)
(I must warn that I am very familiar with this stock, and that this issue is very risky)
It has been an ongoing project for me and is purely speculative..
Apsll...
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Registered User
Joined: 9/22/2005
Posts: 849
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Is this a flag sitting on that flagpole or is 1t an extension of the Fibonacci pattern beginning on 11/22 and ending on 12/20?
In either case there is potential for significant profit.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Does that mean you are already in
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Registered User
Joined: 9/22/2005
Posts: 849
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Yes, in at 3.07
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Registered User
Joined: 1/7/2007
Posts: 45
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TRMM is up over 12 % in the after hours trading.
Close @ 3.31
After hours trading @ 3.87
TRMM did it again
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Registered User
Joined: 9/22/2005
Posts: 849
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Looks like the next resistance looks like 4.50 on Fibonacci.
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Registered User
Joined: 1/29/2005
Posts: 104
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This is a very nice fry pan pattern getting ready to take off. Should be a big gainer if it opens higher tomorrow.
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Registered User
Joined: 4/17/2006
Posts: 271
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If fry pan pattern, er, pans out (sorry, couldn't resist), target should be @ height(3.54)-low(1.09)= depth (2.25) added to top (3.54)= target of 5.99...which would be just about the top of that MCTTF candle on 8/3/06...IF I'm understanding how to estimate target price from fry pan formation.
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Registered User
Joined: 9/22/2005
Posts: 849
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Shark
My 4.50 estimate is the 1.618 Fib level. If I read you right, you are estimating 5.86,or there about, which agrees with the 2.618 Fib,
My Fib starts at the high on 01/24 and ends at the low on 12/14.
Just revised my Fib estimates. The 2.168 level is 4.50 to 4.88. The 2.618 level is 5.80 to 6.09.
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Registered User
Joined: 9/22/2005
Posts: 849
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Shark
My 4.50 estimate is the 1.618 Fib level. If I read you right, you are estimating 5.86,or there about, which agrees with the 2.618 Fib,
My Fib starts at the high on 01/24 and ends at the low on 12/14.
Just revised my Fib estimates. The 2.168 level is 4.50 to 4.88. The 2.618 level is 5.80 to 6.09.
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Registered User
Joined: 9/22/2005
Posts: 849
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The revised levels should be
1.618 level 4.50 to 4.88
2.618 l3vel 5.80 to 6.09
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Registered User
Joined: 1/29/2005
Posts: 104
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I may be stepping out of the pan into the fire (sorry ) here, but I look at where logical resistance is and I see first, the 200 ma @ 3.65, then it has to clear the gap from Aug (@5), then the next top area @6. Stochastics are in the overbought area, but since the pattern overrules them, it should run through the 200ma, then watch the candlesticks for a sell signal as it goes through the gap.
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Registered User
Joined: 4/17/2006
Posts: 271
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ESignal shows gap to 3.87 at very end of yesterday. DK if that could be an error?
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Bcraig and I have made some great profits from this stock, and I agree with lpark, the only thing standing in the way of filling in the gap from August is the 200 day sma...
Strap yourselves in I think we are in for a good ride here..
(IMO)
Apsll...
PSS.. Lookes like Cowgirl is joining us on this one (by the way, she is no cow)..
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Joined: 3/21/2006
Posts: 4,308
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Before you ask, I have seen pictures...
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Registered User
Joined: 3/21/2006
Posts: 4,308
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I had to sell at $3.20 (small profit) that black cloud candlestick is not going away. I saw the signal to sell earlier in the day (Intraday) but thought that things would improve, they did not.. I should have sold at $3.30 (my bad)..
I will buy back in at a lower price, (I still have faith in this one)
Apsll...
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Registered User
Joined: 9/22/2005
Posts: 849
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You may be right, apsll, but I'm going to give it another day or two.
Move my stop up to 3.08 where I'll have a small profit if it goes the wrong way.
Good profit if it goes up.
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