Registered User
Joined: 10/7/2004
Posts: 2,181
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SAY has potential. I'd watch it.
No one was interested in ZLC but it's up about 60% in the last two days.
Reports on other watchlists:
3/4 group: no losers, up about 70% as a group
3/10 group: no losers; up about 54%
3/14 group; 1 loser; up about 28%
Nothing to sell; just trying to help others.
Blessings.
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Registered User
Joined: 7/1/2008
Posts: 889
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what is it about it that makes you think it has potential?
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Registered User
Joined: 4/28/2005
Posts: 59
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TD, what do you think about future prospects of ZLC?
It looks to me the next resistance level is around $1.87 or so which equates to ~14% growth. If ZLC breaks that level of support I believe the 50 Day MA will offer the next resistant level at ~$2.12 which is ~ 29% growth. If ZLC can break that level of resistance then I think ~$2.95 is possible which is ~ 80% growth from todays level.
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Registered User
Joined: 6/9/2007
Posts: 68
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All,
ZLC came up on my CCI 20 list yesterday. And looks like it was up almost 25% today.
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Registered User
Joined: 10/7/2004
Posts: 2,181
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QUOTE (ben2k9) what is it about it that makes you think it has potential?
Ben;
I'm sorry, my time is really limited these days. SAY just fits the profile of stocks I look for. You can find more by doing a search of any of my posts but especially anything on the tobydad profile (someone else named it that).
Again, I'm so sorry that I don't have more time to discuss.
all the best,
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Registered User
Joined: 3/21/2009
Posts: 8
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I like SAY the way it looks on yahoo charts, looks like ready for liftoff, thanks! Will watch and learn.
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Registered User
Joined: 9/25/2007
Posts: 1,506
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I've been watching a good bit about this company on CNBC World ...
It's an Indian company ... where apparently the CEO robbed the company blind ... and then took off ...
Brought in a new CEO ... who's fighting to keep it above water ...
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Registered User
Joined: 2/21/2007
Posts: 797
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thanks for the continuing good info, R.C.
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Registered User
Joined: 10/7/2004
Posts: 2,181
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Taking off.
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Registered User
Joined: 2/21/2007
Posts: 797
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Tobydad: I wish i had your patience. Low $ stocks. Trading out of consolidation periods.
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Registered User
Joined: 10/7/2004
Posts: 2,126
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QUOTE (johnlc)
Tobydad: I wish i had your patience. Low $ stocks. Trading out of consolidation periods.
Patience is the virtue of the hunter. You don't have patience you get hunted.
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Registered User
Joined: 2/21/2007
Posts: 797
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That's probably the nicest, kindest thing Big Block has ever stated to anyone on this site. I feel like I still have some of my behind left. As i mentioned the other day, since we now have WSE and ScottB to add to everyone's professional responses, now maybe Big Block will join the forces. All Hail Big Block. Lend us your expertise. We welcome it .
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Registered User
Joined: 10/7/2004
Posts: 2,181
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John;
I have learned patience because I had to. I lost 6 figures in the markets years ago. Yes, 6 figures to the left of the decimal point.
My latest group of picks returned 85% in 20 days. 24 winners, no losers. But trust me, I paid my tuition.
Bigblock could not be any more correct, patience is a greater tool than any indicator out there. Watching, waiting, checking in and checking again. Then, one day, you're there riding along while a stock doubles in a day.
I don't know much...but I know how to be patient. I'm not a skilled enough trader to be otherwise.
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Registered User
Joined: 4/3/2009
Posts: 1
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Yes, agree, patience is the best skills.
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Registered User
Joined: 2/5/2006
Posts: 1,148
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gaps up, plateaus, gaps up, another plateau. where do you enter? or are you playing this like an option?
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Registered User
Joined: 10/7/2004
Posts: 2,181
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I suspect we are around the final opportunity to enter before take off. Final boarding call, so to speak.
Funnymony, is your question for me? I don't understand it.
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Registered User
Joined: 2/21/2007
Posts: 797
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Tobydad" Thanks, I'll work on the patience is a virtue. I bet is was tough getting back on the horse after a catastrophic loss like that.
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Registered User
Joined: 10/7/2004
Posts: 2,181
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John
Actually it wasn't too hard going back to it because I knew I had the foundation for a good system. I could see where my core problem lay...and guess what it was? Right, I was too impatient. Once I learned that my picks would prove good when given time, I learned to just hang in there.
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Registered User
Joined: 3/29/2005
Posts: 56
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QUOTE (realitycheck) I've been watching a good bit about this company on CNBC World ...
It's an Indian company ... where apparently the CEO robbed the company blind ... and then took off ...
We've run out of jobs to send to India so now we're outsourcing our criminal bizniss-class culture?
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Registered User
Joined: 10/7/2004
Posts: 2,181
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ZLC closed at 4.16 Friday.
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Registered User
Joined: 12/18/2008
Posts: 150
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QUOTE (funnymony) gaps up, plateaus, gaps up, another plateau. where do you enter? or are you playing this like an option?
if youre talking about a daily chart.. i always prefer to enter at the close
but when it comes to closing out positions, it depends... if youre using a static target, ill close it out intraday. if were talking about a dynamic target, id close it out at the open
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Registered User
Joined: 5/1/2007
Posts: 158
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I always prefer to open at 9:45 am - I've made great bucks during "the amateur hour". Often close between 10:30 and 11:00 before the sharks eat my lunch.
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Registered User
Joined: 12/6/2007
Posts: 48
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Thanks TD - I had been watching this one off and on before I saw your alert. Closed half of the postion today for my 1st trade that had gained 100%. Tight stop on the remaining - I'd say your amazing winning streak continues !
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Registered User
Joined: 10/7/2004
Posts: 2,181
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I'd like to offer a few notes on how I swing trade a move like SAY just made and how to follow it from here:
First a couple of notes about the buy signal: 1/23/09 told me that someone other than me expected this to close the gap or, at least, try to.
2/23 and 2/24 TSV 26 is above 0; a good clue but not a buy signal as price was below the LR30
Buy signal came on 3/20: TSV had been above 0 within 90 days, price is above LR30 on 3/19 and 3/20's high exceeded 3/19's high (seem too convoluted? it's not too bad when you get used to looking for it)
Buy signal gets strong confirmation in days following until 4/02 when prices breaks through overhead trendline on volume spike
4/03 looks beautiful...4/06 looks even better
Now, how to trade from here, I sell 1/2 or all of my position at end of day 4/06 or next morning; or place stop immediately below. Price is largely above ubb20 with a fuse on top like a bomb waiting to go off in my face. Let me take the money and run.
But wait! there's more...walking away from this and looking for something else might be a real mistake. Frequently, moves like this only need a few days rest before resuming the upward climb.
Now I begin entering buy orders one penny above the high of each day and follow them down. But only as long as price stays above the LR30. This is a safe way to catch the second move if there's going to be one.
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Registered User
Joined: 8/15/2006
Posts: 132
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tobydad,
do you have a specific fundamental and technical criteria you look at to create a watch list of stocks like SAY?
Thanks,
Scott
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Registered User
Joined: 10/7/2004
Posts: 2,181
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This one's a pretty good scan. Add whatever price and volume indicators you like. I don't worry about price and I make sure there over 100k on the day that they make the scan.
(ABS(OBV > AVG(OBV,30)) + ABS(STOC39.1 > 50) = 2) AND (ABS(OBV.1 > AVG(OBV.1,30)) + ABS(STOC39.1.1 > 50) < 2)
This one's another dandy one. Same comments as above.
H3 > H2 AND H2 > H1 AND H1 > H AND C >= O AND (H - C) <= (O - L) AND V >= V1 * 2 AND TSV26 > TSV26.1
This one finds stocks that are bouncing down the hill; it's my Rolling Stone scan. BB has fun calling it something else but I can't remember what his name for it is now. Anyway, look for stocks with lbb20 support and Tobydad's Crowbar (as it has been named by others), the LR30 immediately below a bullish candle (doji or rocket).
C20 < C30 AND C15 < C20 AND C10 < C15 AND C5 < C10 AND L >= L1 * .95 AND L1 >= L2 * .95 AND L2 >= L3 * .95 AND C >= O
Typically, I don't spend a lot of time with fundamentals. For my style of trading, I let the charts tell me about stocks that are becoming stronger in fundamentals by the fact that someone is buying them heavily.
With the current market conditions, I have looking more for stocks that are fundamentally strong (it's taking a little more work). But when I have a strong group of 20 strong stocks that are being beaten down in price by this market, then when the VIX and other indicators tell me we're at a turning point, I buy in with the penny above the descending highs strategy and, well, it's been pretty good so far.
Hope this helps.
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Registered User
Joined: 8/15/2006
Posts: 132
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tobydad,
thank you very much.
Scott
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Registered User
Joined: 10/7/2004
Posts: 816
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TD
I recently had some time to scan this forum since I've been interested in your selection approach for a while now. I think it's great that you share so much information.
I understand most of the process you use - tsv BB's LR30 - but what I just don't get is the need for the TSV26 to have been above zero sometime within the last 90 periods. Could you explain a little about the reasoning behind that requirement? Seems to me that many candidates could be over and under zero several times over that 90 periods. Is there any minimum number of periods over versus under - or any issue as to when in the 90 periods it happens?
I'd appreciate any info you could give about this
Many Thanks
Regards
BobMc
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Registered User
Joined: 10/7/2004
Posts: 2,181
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BobMc;
Great question; in a more bullish market, I don't concern myself with tsv26 being over 0 at all. Since stocks want to move upward in a bullish market anyway, my system just gives really early timing for entry on swings. In that situation, I use tsv26 piercing the lbb13 along with the other indicators as discussed.
The more bearish the market, the greater become the requirements for tsv26; from crossing its own ma13 to crossing above the ubb13 to crossing over the 0 line. Finally I realized there was a real element of consistency added by looking the tsv26 over the 0 line in the recent past (accumulation), then a pullback, tsv26 preferably below the lbb13 then a climb back over 0.
I'm sure there are simpler ways to find these by more sophisticated traders than am I but this has worked well for me in the absence of a more superior understanding of market functions.
As I've said before in other contexts, I believe the best indicators are the ones with which one familiarizes oneself. I've learned to utilize this setup in various ways to accomodate various market conditions.
I hope this is helpful.
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Registered User
Joined: 10/7/2004
Posts: 816
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TD,
Yes, very helpful - as are most of your posts - actually all of them.
I've learned a lot and appreciate your sharing of the stocks you find thru your analysis.
Regards
BobMc
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Registered User
Joined: 10/7/2004
Posts: 2,181
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This one turned out nice so far. If you're still riding it, It's showing signs of running out of steam.
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Registered User
Joined: 10/7/2004
Posts: 2,181
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Well, on the other hand, this looks like it still has more to go. Up close to 175% since first post.
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Registered User
Joined: 10/7/2004
Posts: 2,181
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A pullback to around 3.75 or something in that range would be healthy before running up.
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