Parabolic Stock Chart Of The Day: Unisource Energy Corp (UNS)
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!)
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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| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| July 15 | MNLU | $6.37 | $6.73 | $340 |
| July 11 | IDAE | $2.27 | $2.49 | $630 |
| July 8 | ERII | $11.29 | $11.00 | $162 |
| July 3 | TGC | $2.14 | $2.39 | $471 |
| July 2 | HYGS | $2.15 | $2.29 | $260 |
| July 2 | TGC | $3.44 | $3.49 | $80 |
Total: $21,900 (
76%)
1InvestorsLive
April 24th, 2008 at 1:18 pm
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/20.....ar-charts/
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…
2A
April 24th, 2008 at 1:24 pm
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.
3Dan-O
April 24th, 2008 at 1:34 pm
You are seriously overworked, don’t burn out. My bank account needs your help.
4Jack is Back
April 24th, 2008 at 1:46 pm
UNS short at 32.8 thanks to you and Market Kid
5daveinjapan
April 24th, 2008 at 1:50 pm
Safe to short MBRK yet, or can we not yet see the white in their eyes???
6Jack is Back
April 24th, 2008 at 1:50 pm
32.5 goes, 32 is next support from this mornings pop,
7Goose
April 24th, 2008 at 1:55 pm
What does white in the eyes mean? Sorry forgive me for asking a noob question
8A
April 24th, 2008 at 1:59 pm
Goose:
http://www.timothysykes.com/20.....heir-eyes/
9timsykes
April 24th, 2008 at 2:04 pm
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
10Jack is Back
April 24th, 2008 at 2:07 pm
quick scalp, DJ looking to strong, cover 32.56
11Jack is Back
April 24th, 2008 at 2:17 pm
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…
12Dan-O
April 24th, 2008 at 2:22 pm
IMO It’s too early for a short on UNS
13Jib
April 24th, 2008 at 2:23 pm
My GOODNESS! FEED for the WIN! I bought in at 17.88! I’m gonna milk this stock for the third time!
14InvestorsLive
April 24th, 2008 at 2:25 pm
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
15Jack is Back
April 24th, 2008 at 2:28 pm
32.39 on UNS… next 32. or 31.9
16Jack is Back
April 24th, 2008 at 2:33 pm
nice short on FEED becareful with that piggy chit…
17Short
April 24th, 2008 at 2:38 pm
XRM up +40% on no real news today. Good play?
18Dan-O
April 24th, 2008 at 2:39 pm
Is it too late for take backs on UNS?
19InvestorsLive
April 24th, 2008 at 2:42 pm
lol DAN-O losing ground as we speak best to have a near $33 avg because this thing bounces like a spring
20Jack is Back
April 24th, 2008 at 2:44 pm
bombs away…
21Dan-O
April 24th, 2008 at 2:49 pm
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).
22Jack is Back
April 24th, 2008 at 2:52 pm
Dan=O… I like to call them ameirturd… Need more sellers or I cover here, again
23Dan-O
April 24th, 2008 at 2:57 pm
I have to get away from them, go to TOS or some other short friendly broker. Stochastics are pinned, watch for a bounce.
24Jack is Back
April 24th, 2008 at 3:02 pm
Bingo 31.95 cover for now… that was 2 easy
25Zykosis
April 24th, 2008 at 3:09 pm
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….
26Brewster
April 24th, 2008 at 3:09 pm
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 $$
27Zykosis
April 24th, 2008 at 3:12 pm
well not kept going up, but what’s the point of entering that trade if you arent going for a bigger move than 80cents…
28Jack is Back
April 24th, 2008 at 3:13 pm
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
29InvestorsLive
April 24th, 2008 at 3:15 pm
Good job guys!
30timsykes
April 24th, 2008 at 3:15 pm
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!
31Zykosis
April 24th, 2008 at 3:18 pm
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…
32Zykosis
April 24th, 2008 at 3:20 pm
and if it’s able to break that open, isnt the downward move going to be substantially larger ?
33Joseph
April 24th, 2008 at 3:22 pm
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.
34timsykes
April 24th, 2008 at 3:23 pm
its not a setup for a multi $ fall, if it did tank, it’d only be $1-2, its a solid profit to take
35Brewster
April 24th, 2008 at 3:24 pm
I agree, $ is $
36Zykosis
April 24th, 2008 at 3:24 pm
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?
37Jack is Back
April 24th, 2008 at 3:25 pm
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.
38Joseph
April 24th, 2008 at 3:26 pm
You called it a “dumb” trade
39Zykosis
April 24th, 2008 at 3:27 pm
and whats your point. i cant use that word when having a discussion? lol :)
40Zykosis
April 24th, 2008 at 3:28 pm
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
41timsykes
April 24th, 2008 at 3:30 pm
yah seriously can’t let this degrade into an ET-like discussion, what a jokeeeeeeeee
42Brewster
April 24th, 2008 at 3:40 pm
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
43Short
April 24th, 2008 at 3:40 pm
Short XRM @ 2.00. Lets see what happens…
44Zykosis
April 24th, 2008 at 3:58 pm
everytime i said “lets see what happens”, my account shrunk
45Brewster
April 24th, 2008 at 4:06 pm
More like short squeeze XRM @ 2.00
46Short
April 24th, 2008 at 4:19 pm
More like 180 profit @ 1.91.