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Registered User
Joined: 7/16/2006
Posts: 14
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Hi Kokoda,
Thanks for your earlier comments on ZVUE, were appreciated.
What is your take on the stock now ? Had an upward swing of abt 15 % wednesday but gave most of it back during the trading session. (ended up abt 6 % high) Today is down abt 3 % (and further AH) but on very light volumes.
Would you suggest it is a good policy to hold and watch for now. and if it goes below 50dma (3.90ish), sell. if sustains above 4.20 hold ? Do you see it developing some sort of minor base or consolidation which might make it touch 5 or do you see some sideways movement ?
one of the problems I have noticed is that this stock cannot sustain news related jumps.. there have been 20-30 % type jumps in pre market and am at times, but by the time the day is over, most of it have been given back (and more at times). Is that a bearish sign or something you would ignore if you were long in the stock?
Once again, appreciate your comments and help !
Anyone else wanting to leave a comment abt the stock is welcome and all comments are appreciated.
Merry Christmas and Happy Holidays !
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Registered User
Joined: 1/28/2005
Posts: 6,049
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Right now this is registering oversold on some of my short-term
oscillators.
It is sitting on obvious support at about 3.90.
It looks like if it drops below that it will be "look out below".
I don't like the fact that it seems to have just fallen. Pops up
on "news" then falls again.
While its possible to be in this and see a 10 to 20 % pop in
one day. It doesn't seem to be worth the risk.
(unless you are daytrading and can enter/exit more
effectively.)
Thanks
diceman
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Registered User
Joined: 1/12/2006
Posts: 296
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For position trades, I use a variation of a standardard indicator to identify an exit signal. I recently came across a new method which confirms the earlier one, but it is a little faster (a slight earlier "get out" signal).
On ZVUE, assuming one was in before the big jump, the my indicator exit signal was on 12/11 at 5.13. Always remember, when a parabolic jump occurs, typically the stock will descend pretty fast. In other words, if you get lucky on any big jump, use your instinct and take profits before any indicator signal to sell. Indicators work well for normal fluctuations, but will cause a large profit loss on the parabolic rises. Some traders will sell as soon as they see a red candle after a jump. The official rule on this is to wait for a confirmation the next day - I like the red candle approach. Just my opinions.
Current: It appears to be basing. Also, it's entering the bottom area of my new indicator (like a bollinger band) which is a good sign, but it needs to fully enter before I get convinced. I would hold.
The 4.00 area appears to be current support, but it could go down to 3.65.
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Registered User
Joined: 11/22/2006
Posts: 28
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No base set on this and at this level it's gambling.
I would wait for a base and see where the stock settles then, but that is why you are seeing these swings.
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Registered User
Joined: 7/16/2006
Posts: 14
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Thanks everyone for comments!
I have been long already (and kinda confused seeing a lot of capital erode :) ... in case you see any activity which would trigger a buy or a sell in your systems, please give a heads up :)
Have a Merry Christmas and enjoy your holidays.. !
Regards,
Amit
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Registered User
Joined: 1/12/2006
Posts: 296
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I'll stand behind my statement in an earlier posting (different subject header) where I gave info that if it closed below 3.93, to sell. Diceman comment above is about the same, which is giving a few cents leeway - always ok to do.
Note that the 11.24 close was at 3.95 (above 3.93) and it rallied late in the day to close .15 above the low (may be a hammer). On the negative side, it recorded a new recent low at 3.80 and also moved out of my lower channel described earlier.
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Registered User
Joined: 1/12/2006
Posts: 296
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Fri. after-market, it closed at 3.86. If it continues the slide down, the next projection is to 3.66 - it will either go up or down from that level. Next support level down from there is at 2.55.
I would be a seller at this point, for a re-buy at a lower level (above).
Note: Intra-day swings high/low are fairly significant. Thus, you could put in a sell limit order for a price higher than 3.86.
Just info/opinion - the sell decision can be brutal.
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Registered User
Joined: 7/16/2006
Posts: 14
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Volume has been extremely light (hopefully coz of the season). Agree with you, waiting for some intraday spike to lighten my positions..
Thanks again guys!
Amit
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