who here plays the stock market?

[surftb15 10+ year member]

well DORB is ready for a big bounce next week.

piece of advice, look at the charts for entry and exit points.

 

[Flipx99 5,000+ posts]

Prob stocks, im sort of a tech nut when it comes to wanting it invest in new biotech companies and the like (mainly because I understand their engineering premise and logistics)....but that aside, yeah I can see droppn a grand to play with without blinking. I know it would be amature to think id not loose it, I mean .. it IS gambling //content.invisioncic.com/y282845/emoticons/laugh.gif.48439b2acf2cfca21620f01e7f77d1e4.gif
But I really need an avenue of research to delve into.

YOu looking to day trade or buy and hold. Howe frequent?

well DORB is ready for a big bounce next week.
piece of advice, look at the charts for entry and exit points.

Fundamentals choose what I buy; the charts tell me when.

 

[surftb15 10+ year member]

YOu looking to day trade or buy and hold. Howe frequent?



Fundamentals choose what I buy; the charts tell me when.

what do you mainly look at?

im digging ascending triangles, maybe ill post some charts for next week

 

[Flipx99 5,000+ posts]

bollinger bands @ 3 mos. Pretty reliable unless there is unexpected news.

I would be more interested in learning about the technicals. Being "value" biased, then shun them in the books I read.

 

[surftb15 10+ year member]

bollies are reliable, get em nice and close. but nothing compares to moving averages and volume.

in pennies anyway.

even a stock completly trashed like GAXY is, will run next week once you get the right money in it.

Thing that sucks is lots of newbs buy in to this momo plays and end up holding the bag. "Another newb, another bag holder"

 

[Flipx99 5,000+ posts]

I understand what the EMA, SMA etc mean, but how to use them is something else. 200 EMA is important for entering, but it what context? It seems like it is different in a 3mos view vs. a 1 year view

 

[surftb15 10+ year member]

let me pull up some charts to explain it.

hold on a minute

 

[surftb15 10+ year member]

nevermind, graphs dont really make a difference.

 

[Flipx99 5,000+ posts]

nevermind, graphs dont really make a difference.

Upon further inspection, you are correct. I just needed to zoom a bit more.

 

[Flipx99 5,000+ posts]

Based on your tech analysis, what do you think Lowe's will do?

Or are you going to try to incorporate "news"

 

[AVSTANG02]

Just doubled my money with BLE now i'm going into CCJ

 

[surftb15 10+ year member]

Based on your tech analysis, what do you think Lowe's will do?
Or are you going to try to incorporate "news"

lowes, bounce around $ 30 - $31.50 range.

thats a bottom for this stock,

massive selloff today,

Moving averages arent really moving anywhere yet,

so, it will prob move down on monday. unless something extrodinary happens.

 

[Flipx99 5,000+ posts]

I am pretty confident that it will beat 1st Qtr earnings, but it won't beat 2nd qtr earnings. I am gonna try to cash out on a small bounce and put it in a 30.00 put. Once negative guidance is given, I am confident it will fall.

My confidence lies on every store in our region double digit comped in same store sales. Other regions, not so sure. There are 15 other regions.

 

[surftb15 10+ year member]

well if you look at the chart, it was a bunch of daytraders that flipped it. Look at the volume from this week, people spiked it up then sold off. Even longs sold off after they bought high, and wanted to "preserve capitol". LOL!

Because of that, things are looking very bearish right now. A bearish harami was formed (candlestick formation), so it may drop more before a reversal is in progress.

I bet we will see a drop, then once the candles say reversal, its a good go. THe support is in the 30 buck range. if it goes below that, all bets are off.

 

[Flipx99 5,000+ posts]

I noticed this weeks volume was very abnormal. I thought it was due to insider trades. It confirmed my previous hypothesis about beating earnings.

I don't think it will go below $30 as that is Buffet's buy-in point. Unless the market doesn't have a memory or is too impatient.

I don't have the experience to know how this will play out.

So...you would assume my 32.50 call is pretty much dead. I do.