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

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

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.

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

Who's Been Buying This Runaway Stock Market?

The stock market keeps rallying but who is buying? Charles Biderman says the pension funds and flows into mutual funds aren't responsible. He says the amount of capital that could drive this type of rally seems to be coming from somewhere else and a lot of it is after market hours in the futures markets. I have no idea if his numbers are even accurate but I found this interview on Bloomberg he did a couple months back interesting.

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