riro
25 posts
msg #58173
- Ignore riro |
12/15/2007 12:57:48 PM
12/14/07 Long GOOG 63 SH @ $693
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johnpaulca
12,036 posts
msg #58216
- Ignore johnpaulca |
12/17/2007 10:57:31 AM
GOOG....pulled the trigger @685....itchy fingers...I still think it has more downside.
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mimi
63 posts
msg #58217
- Ignore mimi
modified |
12/17/2007 11:14:01 AM
SWING
CHNG ave@7.21---@7.37 LONG
KOSN @3.78---@3.74 LONG L.C.
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johnpaulca
12,036 posts
msg #58223
- Ignore johnpaulca
modified |
12/17/2007 1:54:30 PM
Nikko....I think GOOG just fell of the cliff...I left way too much money on the table, I walked away with $6.5/share. That silly indicator of mine does work...patent pending...LOL
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TheRumpledOne
6,407 posts
msg #58224
- Ignore TheRumpledOne |
12/17/2007 2:28:02 PM
From StockScores :
1. GOOG
GOOG is one of the most actively traded stocks in the world which makes it easy to trade because you can move in and out of the stock or its option quite easily. This week, the chart of GOOG shows a break down from a short term upward trend that sets up a falling top pattern. That makes it probable that the stock will move lower over the next few weeks. What is important is the risk reward of the trade. If correct, the stock has good potential to fall to the $615 price point. The recent high of $724.80 establishes resistance that a person can use as the stop loss point. The idea here is to either short sell the stock or buy a Put option with the intention to cover the short at a loss if it closes above $725. With the stock's Friday close around $690, there is a $35 risk on the trade with about $75 of profit potential, making the risk reward ratio better than the requisite 1 to 2 risk reward ratio.
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johnpaulca
12,036 posts
msg #58228
- Ignore johnpaulca |
12/17/2007 3:35:48 PM
Tro...wish I knew that on Friday when I bought, would have loaded up.
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EWZuber
1,373 posts
msg #58229
- Ignore EWZuber |
12/17/2007 3:38:35 PM
Long PSEM @ $17.13
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johnpaulca
12,036 posts
msg #58230
- Ignore johnpaulca |
12/17/2007 3:48:52 PM
Zuber...whats your rational for entering PSEM at this point? thanks in advance.
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johnpaulca
12,036 posts
msg #58231
- Ignore johnpaulca |
12/17/2007 3:54:09 PM
MOH...long@38.98 (BOOYA filter)
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EWZuber
1,373 posts
msg #58234
- Ignore EWZuber |
12/17/2007 4:38:04 PM
johnpaulca, PSEM is sitting dead on its 25 DMA. Thats why I was watching it today. The trade was taken using the 5 minute chart. There was a slight dip that bottomed at the 15:10 ~ 15:15 candlestick.
It broke the ST TLR (trend line resistance) within that small pattern and came in with a little bit of volume and brought it back above the days TLS.(trend line support).
The final 5 min candlestick sold it off below that level though as the COMP lost all support.
That put PSEM Hourly Chart back in a distribution phase by breaking HC(Hourly Chartt) pattern support. So the trade has already failed.
I was looking for a close in the COMP at or above 2585 to confirm the bottom of the gap as support, but that didn't happen in the final few minutes and PSEM went down with the market.
I would have closed the trade but there is a slight chance for a gap up in the morning but more importantly I didn't want to use up a day trade.
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