6 Stocks In Play: Why Using Varying Time Frames Is So Crucial
Here are 6 stocks I’m watching—notice the charts use varying time frames…in order to put recent price action into perspective and to better understand how/if history will repeat and get the appropriate resistance/support levels, you gotta see how the stock fared the last time it surged so quickly/neared such prices…judging by the looks of these setups, probly won’t be any ideal trades today…what’s a stalker to do?
PSTI, ahhh, no shares available to short at Thinkorswim
Everyone’s getting all riled up to short QTWW, but as you see on this chart, it can go a lot further…got 3k shares borrowed just in case
CNEH is a Fous buy pick, I like the successful breakout of $2.5, but not sure how much this’ll run here…my buy point would be if it can break $4.50 on strong volume…ideally gradually…in a few weeks
GEECF still isn’t up enough yet for me to short
I don’t even need to research ENVI, I’ve seen the pattern a million times, classic Pink Sheet getting pumped, only those with balls the size of Tokyo buy shares
UFPT failed to breakout at $8.75, short have rushed in, game still isn’t over, I’d look to buy if the stock ever succeeds
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| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Sept 4 | COIN | $5.70 | $6.21 | $745 |
| Sept 3 | COIN | $6.49 | $6.30 | $305 |
| Sept 3 | COINW | $2.75 | $2.85 | $180 |
| Sept 2 | TAYD | $7.51 | $8.13 | $545 |
| Aug 18 | FOUR | $2.80 | $2.66 | $342 |
| Aug 14 | APII | $2.66 | $3.30 | $1261 |
| Aug 12 | APII | $3.25 | $3.40 | $285 |
| Aug 7 | NOBL | $5.02 | $5.49 | $680 |
Total: $26,508 (
114%)
1Ju
April 8th, 2008 at 8:07 am
NTRI,PSTI. Up in pre market, especially NTRI
2Ju
April 8th, 2008 at 8:21 am
At what price does PSTI become a short? and how do u predetermine that?
3A
April 8th, 2008 at 8:28 am
Wait til u see the whites of their eyes.
4timsykes
April 8th, 2008 at 8:28 am
Ju do me a favor and read back through the past 300 blog posts, all your answers are in there, enjoy
5Ju
April 8th, 2008 at 8:30 am
oh i hate u.
6timsykes
April 8th, 2008 at 8:42 am
ask a stupid question get a stupid response
heads up on AGEN
7InvestorsLive.com
April 8th, 2008 at 8:44 am
AGEN worth a short 3.80? quick spike on CNBC
8InvestorsLive.com
April 8th, 2008 at 8:45 am
Ah didn’t see you posted it, short at 3.75 covered quickly (I like to lock in quick gains) this one could easily catch momentum for over the 4’s so I’d rather just be in and out
9lmsmith
April 8th, 2008 at 8:55 am
RGEN was a perfect short- at morning spike… sorry for my delay
10Zach
April 8th, 2008 at 8:57 am
JESUS, LOOK AT ENVI!
Tim, you called that one pretty well. WISH I HAD SHORTED LIKE YOU SAID!
Yikes, Sykes, that’s some sketchy premonition-like shit you’re having with this micros. My hat off to you!
11Jason R.
April 8th, 2008 at 9:04 am
ASTI is breaking down pretty nice…Down 2 days straight.
12tyler
April 8th, 2008 at 9:11 am
If ENVI breaks $2.51 would you shor it?
13tyler
April 8th, 2008 at 9:15 am
damn, should have shorted it, need to pull the trigger
14timsykes
April 8th, 2008 at 9:19 am
couldnt find envi to borrow, but even if i could u dont short after a 20% drop, MMs can easily reverse it
15InvestorsLive.com
April 8th, 2008 at 9:21 am
QTWW wish it had spiked more out of open to give us a nice short opportunity on the day.
AGEN Trying to bottom here but it doesn’t want to move towards the upside
And WSCI and VISN both gave the 50 cent on the down side but still nothing really jumping out
16Gary
April 8th, 2008 at 9:44 am
Has anyone looked at COCO? Could be a nice 50 cent drop!
17Daniel
April 8th, 2008 at 9:47 am
Anyone taken a look at RGEN today?
18timsykes
April 8th, 2008 at 9:47 am
no COCO is a bull flag
19timsykes
April 8th, 2008 at 9:48 am
yes RGEN would be a good breakout but its not likely
20Gary
April 8th, 2008 at 9:53 am
Thanks Tim. That pattern didn’t stick out to me. Question about it,
On the Bull Flag, it has to be a flag on an upward trend. If you pull back to the 200 day mark. The stock is on a down trend, BIG TIME.
So you would still call this a Bull Flag with only a 7 day up trend before the flag?
21samd
April 8th, 2008 at 9:56 am
Anyone trade currency here? Do you Tim?
22lmsmith
April 8th, 2008 at 10:07 am
Any one joined in and caught the bottom when Gro was in the $4 buck range? easy money made
23ViciousChicken
April 8th, 2008 at 10:11 am
What timezone is this server in? These times are screwing with me and my east-coast-centric brain..
24personalfinanceblog
April 8th, 2008 at 10:27 am
man..ameritrade nothing to short..is ThinkorSwim better to short or all broker will be same on short?
25InvestorsLive.com
April 8th, 2008 at 10:31 am
QTWW falling down
26CrazyChicken
April 8th, 2008 at 10:35 am
Why Scottrade is not letting me buy GRO? When I tried to buy GRO at $5, it says, “Please contact your local branch about placing an order on this security.” It is not a short selling, it is buying!! I don’t get it.
27cacaosteve
April 8th, 2008 at 10:40 am
Call them and ask, maybe it’s because it was under $5. If you call they will put it through with only your account number and “i want to buy x shares of GRO”.
28lmsmith
April 8th, 2008 at 10:53 am
SCOTTRADE Are a bunch of Haters__ I got in at 4.40…. then they want to call me an hour later talking about how my margin buying power is over inflated….. when I did not even use margin to purchase the stock….it was my own cash…… so they probably put a block on it.
29lmsmith
April 8th, 2008 at 10:53 am
P.S my RGEN short is working out perfect
30A
April 8th, 2008 at 11:12 am
Yeah. Looking good for you lmsmith. RGEN just brokedown out of a bearish descending triangle.
31Tony Ellis
April 8th, 2008 at 11:22 am
Any opinions on DCTH?
32lmsmith
April 8th, 2008 at 11:44 am
Covered RGEN at $5.95 from entry of 6.56
33admin
April 8th, 2008 at 1:02 pm
Hey ViciousChicken - the TIMZONE issue has been fixed. Things fucked up because of the day light savings. The server and posts time should all reflect EST
34ViciousChicken
April 8th, 2008 at 1:25 pm
Gracias!
PS- TIMZone, nice touch…
35ty
April 8th, 2008 at 1:46 pm
Would PSTI, be a good short now, low volume, afternoon fade, or is it too risky for a end of day spike.
36AP
April 8th, 2008 at 2:08 pm
Glad to see that CNEH is a focus buy of yours.. bought this stock at 90 cents (during it’s first breakout move) and didn’t have enough discipline to blow out of the shares when it was about 20% off of its highs. It has been a painful last 3 months (ended up selling some shares at 2 bucks only to buy them back at 2.50), but the I think the fundamentals will eventually drive this higher. I just wished I had traded this better and wasn’t blinded by the Funnymentals.
37Derek
April 8th, 2008 at 2:15 pm
I think DYII is a definite buy for the short term. Strong momentum and chart. Can be a multi-day runner.
38Tony Ellis
April 8th, 2008 at 2:22 pm
NCEN…nice
39timsykes
April 8th, 2008 at 2:30 pm
nice RGEN trade
CNEH is a Fous pick, not Focus pick, Fous is another blogger
PSTI, yes can u find shares to short though?
damn NCEN, took u a while, huh?
dyii boooooooooooooring
40Daniel
April 8th, 2008 at 3:43 pm
Glad RGEN worked out for you, just wish I wasn’t trading a paper money account at the time I saw it pop up
41Sam
April 8th, 2008 at 4:03 pm
Tim,
Did you have any trade today?
42timsykes
April 8th, 2008 at 4:10 pm
nope, just as i predicted i wouldnt….no ideal setups
43jj4188
April 8th, 2008 at 9:32 pm
Do you think CNEH will continue upwards? It seems to have leveled off, but Stockcharts is showing the volume is still okay (not high, but not low). Clear Station is showing that it is reaching an overbought state.
What do you think Tim? My portfolio is too low to short, so I have to get these guys on the ups. I can’t wait to get it up there so I can start shorting. It seems so much easier to pick those out.
Anyway, from what I am seeing, this could still have some steam to push higher, but I am still pretty new to this. I think I should see how it opens before I make any decisions. If it is up, then I might buy, but if it starts to drop then I will let it be. Should be good to short at that time if I could, right?
Any thoughts?