Registered User
Joined: 9/22/2005
Posts: 849
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Comments and opinions appreciated.
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Registered User
Joined: 9/22/2005
Posts: 849
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It is about to break the top trend line.
However, it has a good rise (0.96) since leaving the
bottom trend line (almost uninterrupted) that it is probably due to retrace part of the gain. If it does, then a Fibonacci pattern anchored at 01/29 and 03/02
indicates possible support at 3.30, 3.18, or 3.06.
The safest way to play this one is to wait for the price
1o pull back to s support level before buying.
This is just the way I see it, take it for what it is worth.
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Registered User
Joined: 12/2/2004
Posts: 1,775
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I just replied to poster mammon above and in my comments made negative comment about playing "$3" stocks. Then I read your post about ALTI and it's a $3 stock, lol. Was NOT referring to your post about ALTI and/or its price at all; just making a general comment about which type stocks best to follow as rule of thumb imo. Matter of fact just pulled up brief on ALTI and it's one of those rare $3 stocks that happens to have excellent institutional buying. Good luck bcraiq!
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Registered User
Joined: 4/3/2005
Posts: 91
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QUOTE (fpetry) Matter of fact just pulled up brief on ALTI and it's one of those rare $3 stocks that happens to have excellent institutional buying. Good luck bcraiq!
When you mention the "brief" indicating institutional buying,
which are you referring to? I-watch, yahoo or other? The reason I ask is that I-watch seem to indicate that buying on ALTI decreased this month, and I would be happy to find that there is another source. I recall in the past the actual numbers were only accummulated after a long delay ( month?, quarter??) Maybe the exchanges have changed that so it is available sooner. I think it is the same with the %short. Old data is often misleading and if there is a "fresher" source, I would like to know where, as a current reliable number would allow us retail traders to know the direction the real force of the market is leaning 
Thanks.
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Registered User
Joined: 12/2/2004
Posts: 1,775
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When you mention the "brief" indicating institutional buying,
which are you referring to?
[/quote]
IBD
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Registered User
Joined: 4/3/2005
Posts: 91
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Hi fpetry, in your previous posting you used the word "brief" in saying that you had just checked on ALTI. I assumed the term "brief"was used like "notes" or "information". Basically I just wondered where you get the info on institutional buying, thought maybe something more accurate than I-watch might be available.
Thanks.
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Registered User
Joined: 12/2/2004
Posts: 1,775
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QUOTE (jpendley)
Hi fpetry, in your previous posting you used the word "brief" in saying that you had just checked on ALTI. I assumed the term "brief"was used like "notes" or "information". Basically I just wondered where you get the info on institutional buying, thought maybe something more accurate than I-watch might be available.
Thanks.
I got it from the IBD stock checkup on their site. Basically it just confirmed what stood out when I pulled up a daily Worden chart, zoom 4 I think, where heavy green volume bars stuck out like a sore thumb past month or so for ALTI.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Good find BC..
The 50,100,250 day Moving Averages seem to be converging, Stochastics is starting to develop a momentum type pattern and Relative Strength is very positive..
TSV, Volume and BOP are showing the accumulation that Fpetry has already eluded too..
I would be shocked if this did not continue its current success..
On a personal note (Have not heard much from you during the day lately) Are you a nite owl now???
Apsll...
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 Gold Customer
Joined: 11/13/2004
Posts: 102
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bcraig - I've been following ALTI every single day since it was written up in Popular Science magazine in 2003. I bought into it then. If you jump (J) to the chart, make the chart arithmetic, Zoom to 1++, and draw a line at the 2003 low to the 2005 low, you find that the price kisses and bounces off of this upward trend line - so far. I had been expecting that some company would want to buy this company out because of their advanced battery technology. But today was the first time I see any news of another company being interested. AES bought into it. There is now a high probability that the stock price may never see the trend line for a long time to come, if ever. I wouldn't be surprised if, after a cooling off of the stock price, a bidding war comes into being. I'm just guessing but it makes sense to me.
soc
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Registered User
Joined: 9/22/2005
Posts: 849
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apsll
I just haven't had much to say lately.
Socrates
For the triangle I had the highs on 04/14/05, 04/28/06, and 09/29/06 and the lows on 04/25/03, 08/11/04, 12/23/05, and 12/21/06.
For a target, I see the next significant resistance in the neighborhood of 4.10 to 4.75.
If a bidding war starts, what do you see as a possibility?
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Gold Customer
Joined: 11/13/2004
Posts: 102
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BCraig - Allow me to wait till I download tonight's EOD data. I usually shutdown at the close and take a break. I'll sometimes study a single stock for over an hour before I make a decision about it. So my reply will come later this evening.
soc
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Gold Customer
Joined: 11/13/2004
Posts: 102
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BCraig - If a bidding war starts, I have no idea what a potential target might be. It could easily be far more or much less than any guess I could throw out. After reading about the technology in 2003, I expected an attempted buyout within 2 years. That goes to show what good it does to guess about that. In the mean time I'll just buy and sell as I get the signals.
soc
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Registered User
Joined: 9/22/2005
Posts: 849
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Thanks, Socrates.
As several people have said, I'll let the chart tell me when to sell.
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Gold Customer
Joined: 11/13/2004
Posts: 102
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As of the close Friday's data the Point & Figure (P&F) charts on stockchartsdotcom had a price objective for ALTI of $1.00 / share. As of tonight's end-of-day data the P&F chart shows a price objective of $7.25/share for ALTI. What a difference a couple days make.
soc
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