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A few thoughts: BLUE, SHLD, GME

Posted by freakydude on 20th of May 2014 at 01:41 pm

Matt, you said the board was kind of dead so here are a few thoughts.

Re: BLUE from your comments last night. Yes, it went up again today, but look here (http://www.secform4.com/insider-trading/1293971.htm) and see that some key insiders have been emptying out their accounts lately. Strange behavior for a stock that's going up so much in the last week. That would lend credence to your short idea. (If that link doesn't work, go to http://www.secform4.com/ and type in BLUE.

SHLD (Sears Holding) is a stock that somehow seems manipulated to me. How can it stay so high -- and yes, it's gone down some in the last few days -- when I can name absolutely no one who goes there anymore? (And I used to own Kenmore products. No longer.) In any case, it reports Thursday before the open and Staples got hit badly today.

GME - an interesting chart. Supposedly it's getting competition from WalMart in regards to used games. And it's another brick and mortar establishment, at least in part. (I'm still kicking myself for getting scared out of my shorts on Radio Shack when it zoomed up to $4 last September. Should have doubled down. One more place I knew almost no one goes to anymore.

GOLD - Its Bollinger Bands are getting awfully compressed lately.

Oh, yes. The minute JCP went up 15% a couple days ago based upon yet another big quarterly loss, I went "Huh??" Immediately, I bought a few $9 puts for August. So far, so good.

All opinions welcome. Thank you.

YELP due for a bounce but check out this insider selling

Posted by freakydude on 8th of May 2014 at 09:55 am

I know buying your own company's shares is way more important than selling in terms of prediction. Nevertheless I've seen few insider mass selling moves like YELP's. Look how many accounts are being completely emptied of shares. (I realize execs may have multiple accts.) But so many to zero?   

http://www.secform4.com/insider-trading/1345016.htm

Very volatile market, but check out LVS and GME charts

Posted by freakydude on 7th of May 2014 at 10:50 am

GME may have been brought up in this forum before, but their long term chart is interesting. (WalMart has recently announced they will be competing with GME in used games.) And LVS this past week may actually conform to Matt's and Steve's conditions for a relatively safe short. (However, I realize nothing is safe in this environment. Even as I write this LVS is recovering a bit.) Please check them out and see what you think.

NFLX tried to break thru 200DMA

Posted by freakydude on 6th of May 2014 at 03:54 pm

Epic fail. Down 5%.

$rut - H&S pattern??

Posted by freakydude on 6th of May 2014 at 11:22 am

Given this is Tuesday, it's hard to bet against an uptrend in the market. However, could someone check $RUT and see if there's enough symmetry to justify an H&S pattern close to completion. The right shoulder isn't exactly ample, but it seems like the neckline and 50DMA line up fairly well. I know (or at least believe) Matt and/or Steve have spoken of that possibility in newsletters. Thnx.

Forget my last comment. At that price, too expensive to short. And the options are pricey as well. Still interested to see what happens though as it's a leader in the momentum stocks.

NFLX - being rejected at 200DMA

Posted by freakydude on 2nd of May 2014 at 11:28 am

NFLX has had a good week. Up more than 10%. But is it being rejected at the 200DMA? Negative candle seeming to form. Time to short?  Comments welcome. Lots of other companies see potential in the same market.

3D companies still on a tear

Posted by freakydude on 1st of May 2014 at 12:37 pm

I bought a bit of SSYS yesterday because it hadn't jumped as much as the others. They're all up huge again today. DDD, which I've read is the iffiest of them all (except of course for ONVO, which sure promises a lot however), is up the most of all two days in a row.

I'm absolutely no expert on this, and I can't get my stupid drawing to load up, but if you get a five year weekly chart of slv you'll see that there's a strong ceiling around 19 - 19.50 in 2010 that when broken led to huge gains in silver. Now that line seems to be mirrored in 2014 as long term resistance. If silver falls below that level, it could mean the break of a four-five year area and a potential big slide for silver. But the line I drew didn't seem to fit exactly so I'm open to correction.

Perhaps this link to the chart will show you what I saw.

http://finance.yahoo.com/q/ta?s=SLV&t=5y&l=on&z=l&q=c&p=&a=&c=

Amazing coincidence on ONVO

3D companies

Posted by freakydude on 30th of Apr 2014 at 04:20 pm

While I was struggling to send out a 3D summary, Morton comes up with ONVO.

3D companies

Posted by freakydude on 30th of Apr 2014 at 04:17 pm

All of them have been hammered unmercifully in the last couple months. I believe all of them rebounded today strongly. DDD (which was down considerably yesterday), XONE, SSYS, VJET, and ONVO. SSYS had an engulfing candle and may have seen a double bottom. Take a look at the beautiful symmetry of XONE's chart for the last month. Up over 30% in two weeks. Wish I'd seen that one coming.

I'm trying to post the XONE chart. Hope it comes out. Will see. If not, just ask for the one month chart at stockcharts.

NASDAQ really much worse than it looks

Posted by freakydude on 28th of Apr 2014 at 01:05 pm

Today Apple is up around 3% as of a few minutes ago. It comprises at least 12% of the NASDAQ. That means without AAPL, the NASDAQ would be down close to 1.4% instead of its official 1% drop.

Do I have my math right?

XLY has had a five year run. Is it turning over?

Posted by freakydude on 25th of Apr 2014 at 11:54 am

XLY (Consumer Discretionary) has gone down through its 20 and 9 day exp. averages today. Does it look toppy to people? I'm considering how much Amazon has been punished today.

How does one sign up? Is it one very long session or many lessons? I assume you have some link to it. I'm willing to learn. Anything to keep my emotions out of all this.

$indu making a right shoulder?

Posted by freakydude on 24th of Apr 2014 at 10:37 am

Please back me up or correct me here. Doesn't the DOW look like it's forming a right shoulder of an H&S pattern? I remember it's better if the right shoulder is lower than the left, but comments appreciated.

UNH -- short possibility, looking ominous?

Posted by freakydude on 16th of Apr 2014 at 10:29 am

Disappointed with earnings, downgraded to "Neutral" by Citi, 9EMA ready to cross under the 20EMA. Toppy action recently?

No death cross in NFLX. Don't know what I was smoking. Still glad I have long term puts.

NFLX -- a falling sword -- down 5% today

Posted by freakydude on 15th of Apr 2014 at 11:57 am

Wish I'd gotten into it -- woulda, coulda, shoulda -- when it had that death cross. Actually most all the momentum stocks had that same pattern, didn't they?

IYT, anyone? Breaking below 50DMA, rejected at 20 today.

Posted by freakydude on 15th of Apr 2014 at 11:41 am

Anyone have ideas as to the IYT prospects? It sank below its 50DMA a couple months ago and recovered well. Now it's happening again. Only a few companies, like FedEx and UPS make up about half of its weight. Betting on it is to bet on the economy. However, it's gone up around 50% since late 2012.

 

Here's a counter-intuitive argument I just found helping to explain the recent market decline. There's no chance for short squeezes, i.e., quick upsurges, because there are so few big negative bettors to be squeezed.

http://finance.yahoo.com/news/technology-bears-miss-20-payouts-230000142.html

Comments?  Also, I feel like a total newbie, but I can't find where to "start a new topic" on this board. Help needed.

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