...Except I was taking my daughter on a college visit and couldn't trade. I'll being spending money instead of making it in another year.
Spydertrader's Jack Hershey Equities Journal II
- Thread starter Spydertrader
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...Except I was taking my daughter on a college visit and couldn't trade. I'll being spending money instead of making it in another year.
Keep working at it. Perhaps, you can earn enough in the next year to pay the tuition bills.
- Spydertrader
This is not the original quote I was looking for, however it highlights that Spyder has been known to keep stocks o/nite that reach FRV and Peak the same day. I am sure Spyder talked about holding stocks that reached FRV and Peak on the same day, under the premise that the volume surge may continue to drive pricing alot further.
I guess it really comes down to ones individual mileage, based on their trading style, as Spyder would say...
I hold CBEY and plan on monitoring in the morning.
Darn it, too late to edit the last post. Now I feel like I am spamming. I am sorry for the many messages, I am trying to see if I am getting these concepts....
The way I see CBEY, on the daily chart, is as a Bruno-R buy, and here's why..
1. Price improvement;
2. MACD Positive and diverging;
3. Stoch(5,2,3) lifted up and crossed 50;
4. Volume went from dry up to FRV (and beyond);
5. Optionally, both of the second derivatives are now positive.
From these points, I would be hesitant to sell this stock right now, as the daily indicators seem point to a reasonable increase over the next few days.
Can someone please comment on my analysis?
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1198148 [/B][/QUOTE]
The way I see CBEY, on the daily chart, is as a Bruno-R buy, and here's why..
1. Price improvement;
2. MACD Positive and diverging;
3. Stoch(5,2,3) lifted up and crossed 50;
4. Volume went from dry up to FRV (and beyond);
5. Optionally, both of the second derivatives are now positive.
From these points, I would be hesitant to sell this stock right now, as the daily indicators seem point to a reasonable increase over the next few days.
Can someone please comment on my analysis?
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1198148 [/B][/QUOTE]
Excellent analysis. However, allow me to play Devil's Advocate for a moment and paint a somewhat different picture (See Attached Chart). Using shorter term trendlines, one might conclude price had run its course, bounced off the upper trendline, and started to head South. Fortunately, the news isn't all bad. A review of the last 20% runs indicates how many times price continued to run higher after volume breached Peak Volume levels. Four of the last six 20% runs in price did continue higher after volume reached Peak. I find such news encouraging. With the most recent low sitting at $22.10 USD, we want to see price hit (or exceed) the $26.53 USD price point - marking off another 20% run. Should price continue its upward trend over the next few days, keep an eye on the price target.
Good Trading to You.
- Spydertrader
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1198194>
CBEY also was in DU the following day and was a buy following the rules posted at the end of Journal 1. As shown in my prior posts you not only had the Bruno setup probabilities, which I do not what they are, but you also had the additional safety factors of the results I have been posting on a monthly basis.
The more positive factors supporting a trade the better.
The more positive factors supporting a trade the better.
Bingo. CBEY just made its 20% Run by reaching the $26.54 USD price point. After hovering at that price level for maybe 30 seconds or so, price began to fall back.
- Spydertrader
Sold GIGM today at a profit. It has had a nice 20% cycle run.
Target Peak Volume was 2,520,000 shs.
At last check, GIGM hit a whopping 3,124,881 shares. Time to sell for me.
Time to take thy profit and get out of Dodge while the gettin' is good.
Regards to all.
<imgsrc=http://www.elitetrader.com/vb/attachment.php?s=&postid=1198819>
Target Peak Volume was 2,520,000 shs.
At last check, GIGM hit a whopping 3,124,881 shares. Time to sell for me.
Time to take thy profit and get out of Dodge while the gettin' is good.
Regards to all.
<imgsrc=http://www.elitetrader.com/vb/attachment.php?s=&postid=1198819>
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