Stock Chart Of the Day: VisionChina Media Inc (VISN) Breaking Out
Posted by timothysykes on Wed 16th of Apr, 2008 03:04:15 PM
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Their corporate name pretty much says it all–this now $1 billion Chinese company who deals in digital media and advertising is breaking out to new highs today on typical 200,000-ish daily volume. Big-time revenue growth and surprising valuation–think 200%+ and a forward PE in the 20-25 range–added to the fact that people are looking for ways to play the upcoming Olympics and you’ve got some real potential here. Too gradual/uncertain for TIM, but you know it’s gonna interest guys who like buying breakouts like Lindzon
UPDATE: Bought 200 shares at $14.63, couldn’t resist such a perfect breakout, kept my position small to give me the patience to hold out for $1-2 of probable upside
UPDATE 2: Doubled up at $14.27, total cost is now $14.45, stock didn’t uptrend into the close like I, along with seemingly many others, expected.Good news is it held the breakout levels and there’s a reasonably strong chance at a morning spike, especially given the probable strong maret thanks to IBM’s earnings.
TIM Lesson: If you know you suck at buying breakouts, don’t be early, wait to buy until right before the market close.
Now you can Twitter any questions/comments to TIMhelp and obviously you can follow TIM on twitter too!
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- The Latest Reason To Choose Technical Over Fundamental Analysis | Timothy Sykes - Stock Trader, Author, Entrepreneur
- Manipulation Monday: 9 Stocks To Watch, Potential Breakouts, No Pump & Dumps, Sad Day | TIM - Timothy Sykes
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TIM Alerts
View All| Date | Stock | Position | Ideal Exit | % Gain |
|---|---|---|---|---|
| Nov 24 | KVHI | Short | $3.70 | 18% |
| Nov 20 | STSX | Short | $3.10 | 11% |
| Nov 18 | PERY | Short | $3.75 | 25% |
| Nov 11 | IIJI | Short | $2.80 | 5% |
| Nov 6 | CVI | Short | $4 | 15% |
| Nov 5 | MECA | Short | $1.95 | 51% |
| Nov 4 | CVI | Short | $4.81 | 4% |
| Nov 3 | NAK | Short | $3.20 | 5% |
| Oct 29 | EVC | Short | $2 | 26% |
| Oct 28 | HSNI | Short | $6.80 | 7% |
| Oct 28 | HSNI | Short | $5.75 | 4% |
November: 9 alerts, 15% avg gain
October: 11 alerts, 14% avg gain
LOL, great up 40 cents now in 10 min., how many damn people are reading this website? TIM Lesson: Sykes buy the damn stock THEN feature it
Seriously Timmy, Get your act together!! Just Kidding. Looks like a solid break out. I’m in too. If it breaks 14 though I’m gonna hop out.
Isn’t 14 the last rally level and a probable support area?
apparently when i buy a stock, i bring my dark gift with me and it starts tanking :(
No worries, your cult like following will be buying!
doubled up at $14.27, now got 400 shares, average $14.45
FXEN running out of nowhere as well this one will tank but it may not be your cup o’ tea
gotta love the tape painter who bought 100 shares at $14.60 right at the close trying to close it near its highs, somehow i think we’ll show a $14.28 closing print though
Tim,
Are you still looking for a $1-2 profit on the breakout?
now that its a whole position, probly closer to 50 cents-$1/share now so the question is if it can take out short seller stop losses at $15
timmy how did you chance on this stock.i did not the the financials on google news..
what is your feed?what scans do you use?
i follow a few hundred typical smallcap plays that daytraders like, featured this one a dozen or so times on this site, so i know each company long before i ever trade it
Glad to see you in VISN. I’m in @ 14.3 should have taken profits at 14.9 but moved too damn fast. XIDE had a nice volume breakout as well. Long XIDE @ 14.35
XIDe is nice, thats the way VISN was supposed to act into the close!
VISN should be fine. FEED did the same thing when it broke out. I’m still pissed about selling FEED at 14.45
15.45
Dan-O I meant breaks to the downside.
Andrew… Ok, Got that.
At least you had the balls to go for it, I was too much of a wuss to pull the trigger
Tim, EJ is about to break out
fundamental for this stock is strong
CEO just bought back 10 million shares
what do you think
Tim, I shorted sorc at 1.60 and didnt cover. Holding over night wish I coverd. What do you think will hapen with Sorc tom. Thanks Tim.
timmay, do not underestimate your cult following, I followed your move on KOG, so I shorted 5,000 @ 2.83 in the opening, and because of sideway actions, covered 3 hours later @ 2.79. LOL
Timmy, while the long term trend for the market is still bearish
for upcoming 1-3 months or so, the market is going temporary bullish. (then maybe follow by more crisis and crashes)
so short selling might not work as well right now. You have taught us how to short into spikes, Can you teach us how to catch dips and go long? the market is having higher lows, and higher highs
How did speech go?
Also Tim, I enjoy reading everything and I know you are not short on ideas to write about (I don’t think) but I would love to see you write about http://doublingstocks.com and there Bull ship. I feel like you could pull more out of it then CNOA stuff - this is their latest stock….
http://doublingstocks.com [img]http://bigcharts.marketwatch.com/charts/big.chart?symb=vngm&compidx=aaaaa%3A0&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=4&size=1&state=8&sid=2883541&style=380&time=5&freq=1&comp=NO%5FSYMBOL%5FCHOSEN&nosettings=1&rand=6530&mocktick=1[/img]
One thing to add is I would love to find one recommendation for it without an affiliate link, or better yet I’m just surprised all the keywords for “Doubling Stocks Scam” are also controlled, search engine optimized and affiliate linked to earn some money on the referral
sorc aint volatile enough for me, who knows.
michael, i remain a short seller in bullish environments, more plays, more spikes!
investorslive, i’d love to write about doublingstocks, but i’ve heard some very bad stuff from people that do…not worth it…and the speech went awesome, got a standing ovation!
Great job! keep it up!
Tim, please come to University of Tampa and speak. Of course I just transferred from ECC which is 2 miles from UB so I couldn’t be there for the speech. But we both know you want to come to sunny Tampa to speak, so do it!
I heard doubling stock is a huge scam.
Do a search on google see what you come up with…..nothing pretty.
I’ll speak wherever, put me in touch with somebody to set it up!
Tim,
KOG - shorted it yesterday @2.80 and held over night. Are you still holding?
Your thoughts either way..
thanks
Want to come speak at The Else School of Management in beautiful Jackson, MS?
KOG, i covered due to my travelling, sux, nice fade, but i’d be wary of any spikes and quick to take a decent profit…you guys profiting makes me feel better about not!
Yah I’ll come to Jackson, just gotta pay my travel and a little bit of $ and u’re on!
VISN breakout today.
Hey Tim Dog! I love your site I just found it a couple of weeks ago. How do you feel about a short on VISN towards the end of the day when it should have added a couple more points?