Trading above its Moving Averages (20,40, & 60 day MA)
RSI and OBV on the uptrend
Positive candlestick formations
Volume on the rise though price hasn't necessarily risen yet but show's positive signs it will because of rising volume and the other indicators.. let me know thanks.. ill do my own DD of your suggestions...
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wish i held CNR longer, always liked it but - was always using funds to buy other things. just held it for a 10c swing back in the .80's but sold it too soon, oh well.
closest ones i own that are similar to your criteria are HOM, NXG, and IPII, but they are on average about 8 cents over your 1.50 limit. good luck, let us know what you end up finding out there, Mach!
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hey mach, maybe check out Art's watchlists over on the swing trade forum, looks like some of those might fit your criteria.
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Ive checked Art's lists in the past and didnt like his picks just by looking at the charts and such.. some of them had erratic chart patterns that I couldnt even come up with a candlestick pattern of any sort.. but i will check it out again and see which one's he has picked lately.. in the meantime ill check out the ones you mentioned already Blue.. and also Keith you find me one yet? lol .... thanks for posting back gang.. anyone else? ....
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Ok Blue and Keith and everyone else.. i put a limit order on DBMI and COI... let me know what you think of those 2...
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posted
those 2 look pretty good based on technicals, and judging from his past results - it's not a bad idea to look into what SilverRain is buying.
for better or worse, i tend to trade on 80% fundamentals and only 20% technicals, and look for companies that are profitable with increasing revenues and profits (such as IPII, HOM, and NXG). so those 2 are a little outside my comfort box, but - wouldn't surprise me at all if they did quite well, based on their charts. i'm just not really a "chart guy", personally.
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Yup im a "chart guy" :-) ... i love TA so to speak LoL ... IPII looks decent on chart but only beef i have with it is its volume isnt much lately... HOM still not breaking its resistance... but its RSI and OBV is positive.. NXG i seem to like the best.. even though its trading below its Moving Averages its heading towards its MA with positive RSI and OBV and rising volume... This is one i would keep on watchlist for and wait till it breaks its MA's...
[This message has been edited by Machiavelli (edited December 26, 2004).]
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Here's my list I am watching.. CICI bought today at .64 NEOM...waiting for a pullback, got a double last week. SCON.......not in yet NTWK...looking to buy around 2.30 BPTR....has a pattern from .75-.89 just watch for low. COVD....I'm already in at 2.17
Posts: 529 | From: Tx | Registered: Sep 2004
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sorry mach, check out the others i posted with cnr, one did quite well.
like WOLV, IFLB, I love TCOM again nice support at these levels MBEU rolling,
anyways these are just thoughts, there are millions, i thought TCOM would break a buck before, now it mayjust need a second run....not playing much right now
I'm in AITX a bit high for you and SSYT but thats a short swing 5 day (SSTY?)
will know more after holidays
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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man that Quake in the Far East hammered the markets and me included lol hope the markets and my stocks recover before the end of trading week... anyways:
Sela: looks good to me except it might be overbought now (by looking at it's RSI) and may be due for a correction or pullback..but it's volume has been pretty steady the last 2 days..
CiCi: only good thing about this one is it's above its MA's but right now its in a sideways channel with 2 previous candle formations being doji's... it's OBV and RSI are on a downtrend and i expect it's price to go down further though i could be wrong...
NEOM: is on a downtrend with volume going down as well but like you I would expect a pullback on this one if volume rises..
SCON: This one's been overbought(RSI is at like 80 way high) and will most likely "correct" itself this week... volume is already on a downtrend..
NTWK: looks very good and it is on a uptrend.. its been "up" the last 3 trading days already so don't know why you are waiting for this one to go back down it may never do for awhile.. still not overbought and it seems to be using its 20 day MA as a support and is way above its 40 and 60 day MA...
BPTR: look for this one to break its resistance soon as its volume increase.. its resistance is its 20 Day MA (I would probably buy this at .84 or .845; maybe even buy it at .855 to be on the safe side since that was it's high for today and it could act as its resistance as well)
COVD: very nice one.. good pick from what ive seen of its charts and other TA indicators.. it will either continue to go up or go sideways right now...
NXG/HOM: very good picks blue.. i only wish i trade above 1.55 lol
I'll analyze Keith's picks tomorrow night.. its late at night right now and i have work in the morning.. hope my TA helps everyone.. but remember it is just my TA and i could be wrong since TA is just a opinion... let me know how i did tomorrow... i'll read your replies when i get home at night...
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in the $1-$1.50 range i also like PDGE, bought some more this morning in fact.
i have no idea of the chart, Mach, i'll leave that to you! i'm a "fundamentals" guy, and - they earned $1M the last Q on a market cap of $16M, that is not too shabby.
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Keith (& others) .. CNR might be recovering after having a bad few days.. but I wouldnt rebuy it till it breaks its resistance at around 1.15... its RSI and OBV are swinging back up it appears... but its candlestick is a Doji today... on my charts at least... indecision... still in a sideways channel..
PDGE looks very dangerous for me right now.. its a Doji formation and its been overbought.. it might cool down now and go sideways or maybe even correct itself and/or pull back in the next couple of days or so... i could be wrong but looks i was kind of right about the other stocks i did TA on last nite...
and a 96% buy. but - i agree the RSI is very high and looks a little overbought, though i bought at the open this morning when was cheaper.
really though, i'm a "fundamentals" guy, and - i like the fundamentals for PDGE. they just raked in $1M+ profit the last Q alone on a market cap of under $16M, and business looks bright with new deals coming in. they will likely have a few dips along the way, but - i like their chances over the next year or two and will hold awhile and see what happens. some stocks i swing-trade, others like PDGE i just buy a little and plan to hold for one year minimum and see what happens.
i might get back into CNR also at some point, i want to see how their fundamentals develop. they were rolling along nicely but their last Q wasn't great, i might buy after the next Q if it shows improvement.
am watching IPII and HOM for weakness, to hopefully get some good buys. sold HOM on the run yesterday and bought it back at 1.56 today. not sure which way IPII might go - spread is wide and jumpy. am hoping the bid drops down to 1.45 for a nice buy from that point, we'll see how it goes over the next few weeks.
it is frustrating playing the waiting games at times: was trying to buy NTO the last few days, but was waiting for a dip. ran all the way to $3 today so i missed a chance earlier this week, drats.
good luck in your trading! i'll take a look at your other picks
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it's funny, many of the stocks i like and mentioned in this thread, are similar in a number of ways.
they are all roughly around $1 or so, are all profitable with growing revenues and profits, and all have low PE's on the order of roughly 10. PGBE, HOM, IPII, NXG, NTO, BSIC, NWD, and probably a few others i'm forgetting. all roughly similar "key statistics".
i own some smaller stocks too like CLSI and ALMI and NMKT; CLSI is profitable but ALMI yet isn't, NMKT is break-even. still - for better or for worse - these are definitely the types of stocks i like to trade in: these low-PE ones with relatively low floats in the $1 range. everyone has their own "comfort zone", and - i guess this is mine. again - that's for better or worse, not saying it's "right" or a good idea to do this, this is just my own personal approach.
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::: hand's keiths his glasses lol ::: i never said i didnt like your picks.. i only said it was late at night and that I would do TA's on your picks the next nite.. but now its late again so i'll have to postpone til tomorrow.. im interested in everyone's picks and why they picked them etc.. im getting out of COI tomorrow morning but staying in DBMI ... i might go in BPTR after I get out of COI (looks like my TA was right on this one but i didnt get in soon enough but we'll see what tomorrow brings) .... I'll check your picks tomorrow Keith..
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im jkk with ya Keith... ::: offers u a shot of scotch on the rocks.. double up ::: .. geez i wish i had found this one before trading ended today... would of been nice if i found it yesterday or monday... take a look at XEDA .... I will probably wait for this one to "correct" itself and/or pull back... that was one hell of a jump it did today.. so it's very very overbought and will most likely go down before it goes back up again... i'm keeping a very watchful eye on this one..
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i knew some playing it today, i stayed out as had other things going on, AITX i mentioned but that'll break 3 in the morning.
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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yeah i know what you mean about the waiting games Blue. i hate them too lol im a impatient person which is not good in the trading game but im learning to be patient..AITX did awesome today keith but i would becareful with it now.. been way overbought and sooner or later it will fall out of the air (pun intended lol ).. anyways below are on my watchlist to buy tomorrow or soon...let me know what you think..
IIP - it's in a pullback with all indicators starting a uptrend
BPTR - becareful with this one now.. it's in a "Dark Cloud" in candlestick terms and most likely will be going into a downtrend now.. perhaps correction/pullback...
LSBC - buy when it breaks resistance at 1.20
NZYM - just broke its 20 day MA and all other indicators are on a uptrend
SVSE - buy at 1.13 when it breaks its resistance of 1.125 and is above it's Moving Averages
[This message has been edited by Machiavelli (edited December 29, 2004).]
quote:Originally posted by Machiavelli: yeah i know what you mean about the waiting games Blue. i hate them too lol im a impatient person which is not good in the trading game but im learning to be patient.. anyways below are on my watchlist to buy tomorrow or soon...let me know what you think..
IIP - it's in a pullback with all indicators starting a uptrend
BPTR - becareful with this one now.. it's in a "Dark Cloud" in candlestick terms and most likely will be going into a downtrend now.. perhaps correction/pullback...
LSBC - buy when it breaks resistance at 1.20
NZYM - just broke its 20 day MA and all other indicators are on a uptrend
SVSE - buy at 1.13 when it breaks its resistance of 1.125 and is above it's Moving Averages
hey, none of those are mine so i won't remember to root for ya.
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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WOLV - closed in a DOJI today so traders are in a indecision as to whether it should go up or down in price.. I wouldn't hold it as of now for now... till more clearer picture is shown...
IFLB - formed a "DARK CLOUD" yesterday and today confirmed it will continue it's downtrend.. good time to short this stock..
TCOM - looks good lately and today as well.. but it's volume wasnt much today.. still below its 20 Day MA.. i would wait till it breaks the 20 Day resistance MA and maybe buy it at .72 ...
MBEU - a Harami or Dark Cloud formation .. expect it to go down or sideways channel.. OBV and RSI forming a downtrend..
SSTY - all indicators are starting a downtrend.. trading below 40 and 60 day MA but using its 20 day MA as support... If i were to buy it i would buy it at .07 but im not a fan of microstocks that's why i trade in $1 and above.. and sometimes in stocks just below $1 ...
AITX i already mentioned .. so now u'll buy me a double scotch on the rocks Keith? lol... i didnt do the other stocks because there were too many...
posted
I banked today Keith.. DBMI is up about 1/4 pt... wish i would of bought one of my picks/suggestions though... SVSE .. up 4.27% today... I love the power of the Darkside (TA) lol ...
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well, of course the best combination is when: a company with great fundamentals lines up perfectly on the TA front to signal a buy. i wish this happened more often!
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I wouldnt know. i dont do any fundamentals lol but im considering it but it would be a very small aspect of my decision to buy a certain stock.. anyways i had a question for everyone.. with my broker i cant put a stop/loss for a stock from the OTC-BB... and today it went up 1/4 Pt (22.77%)... its overbought and all that techie stuff lol (drinking some wine to welcome the new year... shh ) .. should i sell it off and not risk it and take my profits or should i let it ride...
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posted
well, you know what i'd base my opinion on Mach - fundamentals!
looking at DBMI's fundamentals - it's ROI is a whopping negative 837%, they've been a $-losing machine and made a smaller profit than my 11-year old did mowing the lawn all year. so, i'd take the $ and run.
nice trade though, i'll score you a "point" on the technicals vs fundamentals scoreboard for DBMI!
was a nice week for my "fundamentals" stocks too though, was up 15% this week overall. so - let the friendly argument rage on!
posted
I think i will sell it off. i can always buy it back if it continues it's uptrend.. but it's been so overbought on Friday that im guessing the MM's will short the stock on Monday or Tuesday.. I have my eye on SVSE.. pssst DBMI is about 22.77% up for just one day... ;-) on Techie's hehehe
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