Parabolic Stock Chart Of The Day: Unisource Energy Corp (UNS)

Posted by timothysykes on Thu 24th of Apr, 2008 12:39:15 PM

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Overworked as I’ve become, I really appreciate it when you readers alert me to some solid opportunities. Today’s chart of the day comes courtesy of InvestorsLive (see MarketKid, that’s how you link when you feature someone else’s idea on your blog!)

uns Parabolic Stock Chart Of The Day: Unisource Energy Corp (UNS)

Rather expensive, fundamentally sound, tied to commodity prices and slow moving for TIM to play, nonetheless, I consider all surging stocks as potential shorts…just gotta be extra careful on this one as its managed to take out 9-month resistance, then again, it has gone parabolic so we could see some conso0lidation soon…

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InvestorsLive

TIm-

Wow, does your chart ever scream more of a no brainer than mine. That's a good example of this: http://www.timothysykes.com/2008/04/07/why-smal...

Keep up the great posting, this may keep bouncing around until it test 32.50 where people will start taking profits in fear of the worst...

A

Dang, shoulda coulda woulda bought around 25. How the heck do you identify charts like UNS BEFORE they make a move like that? Other than filling the early March gap, it is not like it had a clear breakout or anything to begin the move.

Dan-O

You are seriously overworked, don't burn out. My bank account needs your help.

Jack is Back

UNS short at 32.8 thanks to you and Market Kid

daveinjapan

Safe to short MBRK yet, or can we not yet see the white in their eyes???

Jack is Back

32.5 goes, 32 is next support from this mornings pop,

Goose

What does white in the eyes mean? Sorry forgive me for asking a noob question

A

Goose:

http://www.timothysykes.com/2008/03/31/13-stock...

timsykes

woahhhhhhhhh dont even try to say i recommended going short this thing, its up on solid news, not a pump and dump, u might get a$1-2-3 retracement, but the risk-reward aint worth it for me

Jack is Back

quick scalp, DJ looking to strong, cover 32.56

Jack is Back

hey dude, u put the chart on your site, i looked at it and still think that UNS has run too far too fast... Blah... the news... same company as it was yesterday...

Chit... I might have to short again... looking so weak...

Dan-O

IMO It's too early for a short on UNS

Jib

My GOODNESS! FEED for the WIN! I bought in at 17.88! I'm gonna milk this stock for the third time!

InvestorsLive

I am short FEED 19.94 I have been waiting for it to break down lol been holding for a while, stop loss just over 20

UNS starting to break down here under 32.50 now

Jack is Back

32.39 on UNS... next 32. or 31.9

Jack is Back

nice short on FEED becareful with that piggy chit...

Short

XRM up +40% on no real news today. Good play?

Dan-O

Is it too late for take backs on UNS?

InvestorsLive

lol DAN-O losing ground as we speak best to have a near $33 avg because this thing bounces like a spring

Jack is Back

bombs away...

Dan-O

I was looking at the day view on UNS, which for some reason hasn't updated in StrategyDesk.

On a side note I hope everyone at TDAmeritrade contracts genital warts.

I didn't see it roll over at 33.49 which is right around my target short (which didn't fire thanks to the soon to be wart covered peeps @ TDA).

Jack is Back

Dan=O... I like to call them ameirturd... Need more sellers or I cover here, again

Dan-O

I have to get away from them, go to TOS or some other short friendly broker. Stochastics are pinned, watch for a bounce.

Jack is Back

Bingo 31.95 cover for now... that was 2 easy

Zykosis

still a dumb trade, profitable or not. you didnt even catch 80cents. like a 2% move. bombs away? that thing could have kept going up....

Brewster

Great heads up on FEED this morning, Like shorting UNS until it hits sub 30s. Did anybody else catch PGNX this morning and catch them on the rally...easy $$

Zykosis

well not kept going up, but what's the point of entering that trade if you arent going for a bigger move than 80cents...

Jack is Back

Always a hater... 2 trades 32.80 to 32.56 = 240-14 = 225.00
32.49 to 31.95 = 540-14=526.00

I sure you did better today, Zykosis

InvestorsLive

Good job guys!

timsykes

everybody has their own comfort levels, never rip on anybody for doing a trade like this, just rip on them for doing random trades...this wasnt rando, congrats jack!

Zykosis

i'm not hating, it's just why stop at 80cent profit on that setup. i mean, if you're taking advantage of that setup, shouldnt you hold longer? it's not like there was a vicious bounce or anything where you got out...

Zykosis

and if it's able to break that open, isnt the downward move going to be substantially larger ?

Joseph

lol you guys are funny, why are you hating on the guy for taking profits? Maybe he had to go somewhere or do something...Relax Zykosis! just do better.

timsykes

its not a setup for a multi $ fall, if it did tank, it'd only be $1-2, its a solid profit to take

Brewster

I agree, $ is $

Zykosis

you guys think i'm arguing, that's even funnier. you're too used to elitetrader or something. :)
(can't there be a discussion about a trade? whether the person made money or not)
but we're talking about high probablity setups that have LARGE downside. does this setup have large downside? if so, why not stay in?

Jack is Back

For me it's not about a "vicious" bounce. I set a price as to where I would like to cover or where I "think" resistance might be.

Gains r only good when they are locked in. In hindsight, sure I could have held to 31.6, but as the 5 day chart for this stock shows, it moves rather quickly.

And in closing, it is not a bad thing to play the middle of a trade. Greed kills, and I know first hand, I started trading at the school of hard knocks.

TY Tim... I am still giving u credit for bringing up this chart, even u didn't think it was ready for the picking.

Joseph

You called it a "dumb" trade

Zykosis

and whats your point. i cant use that word when having a discussion? lol :)

Zykosis

nah i was jsut curious what people's risk vs reward was on that setup. MY EYES only see small reward. but wanted to see what other people saw there, and time horizon

timsykes

yah seriously can't let this degrade into an ET-like discussion, what a jokeeeeeeeee

Brewster

I'm reading over the posts and realized I said sub 30s for UNS -- typed faster than I could think I suppose -- I'm covering this thing by the end of the day -- looking for 31.60-31.70 but we'll see what happends

Short

Short XRM @ 2.00. Lets see what happens...

Zykosis

everytime i said "lets see what happens", my account shrunk

Brewster

More like short squeeze XRM @ 2.00

Short

More like 180 profit @ 1.91.

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