CIT which is now a penny stock got some news on Friday and subsequently the stock took off. CIT broke out of the days trading range and hit $.93 before people started taking profits which jolted the stock quickly down to the $.70s. CIT began to consolidate.
Here are some other triangles.
This is an ascending triangle.
A longer time frame triangle .
And another intraday trade triangles.
full disclosure: no position
August 21, 2010
How To Trade Triangles
There have been a lot of bio-tech and pharmaceutical stocks in play lately. It is time consuming and very hard to make a good long-term trade in these companies. Luckily, if you can just recognize chart patterns and use basic technical analysis it can take just a couple of minutes or even seconds to get a read on the next direction for the stock.
There's the triangle and key resistance levels. Three times the stock couldn't budge above 5.00. One time the resistance was even 4.99.
full disclosure:no positions
There's the triangle and key resistance levels. Three times the stock couldn't budge above 5.00. One time the resistance was even 4.99.
full disclosure:no positions
August 3, 2010
Former NCAV Stock Blonder Tongue
This former NCAV cheap stock Blonder Tongue Laboratories BDR popped 70% today off of earnings.
Operating EPS was positive vs a loss prior. Sales were up driven by digital video encoders. It looks like there is about 14.7 million in current assets and about 7 million in debt. So, this big pop pushed it over NCAV. But it still might be in play. I guess we will see.
disclosure: no position
Operating EPS was positive vs a loss prior. Sales were up driven by digital video encoders. It looks like there is about 14.7 million in current assets and about 7 million in debt. So, this big pop pushed it over NCAV. But it still might be in play. I guess we will see.
disclosure: no position
May 4, 2010
My Movie On The Stock Market
This site xtranormal.com is pretty neat. It only took me about 15 minutes or so to make this conversation on the stock market movie.
May 1, 2010
Deep Value Golf Stock
Adams Golf ADGF this little golf club manufacturer that I've talked about a lot in the past has been bottoming out over the past several months and just recently reported their quarter. Revenue was slightly down but EPS was up huge from $.05 to $.21 year over year. They gained some market share in the US.
Net current asset value is $29 million. The market cap is currently right below at the moment at $27 million. So it is in net current asset value territory still at the moment. I bought some the other day at $4.15.
Just recently broke out of a long trading range and had strong unusual volume.
full disclosure:long ADGF
Net current asset value is $29 million. The market cap is currently right below at the moment at $27 million. So it is in net current asset value territory still at the moment. I bought some the other day at $4.15.
Just recently broke out of a long trading range and had strong unusual volume.
full disclosure:long ADGF
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