Allstocks.com's Bulletin Board Post New Topic  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » Swing Traders » Art's picks for Monday.

 - UBBFriend: Email this page to someone!    
Author Topic: Art's picks for Monday.
Art
Member


Icon 1 posted      Profile for Art     Send New Private Message       Edit/Delete Post   Reply With Quote 
ART'S PICKS - OVERSOLD STOCKS THAT COULD MOVE UP SOON

May have to hold for more than a week to get benefit. Actual buy price will depend on stock behavior and market conditions at the time of buying. Check news, etc. before buying.

2/23

APAC
ATS
BLSI
CTIC
CTRA
EQTX
INTC
LJPC
MZ
NETC
OSTE
REMC
SMD
SQNM
SSYS
TG
VLGC


Posts: 4402 | From: Florida | Registered: Jun 2003  |  IP: Logged | Report this post to a Moderator
TraderTom
Member


Member Rated:
4
Icon 1 posted      Profile for TraderTom     Send New Private Message       Edit/Delete Post   Reply With Quote 
Here are some comments:

APAC - great find; might be good LT play also!

ATS - ditto.

BLSI - ditto. Very high weekly volume. Would wait another day or two to make sure it stopped dropping.

CTIC - not sure if it reached the bottom - would observe for a few days.

EQTX - seems overbought & ready for a bounce. The longer I look at it, the more I like the chart - drew rising triangle over past 2 days (intraday). Price target would be the upper BB / MA50 (1.2). I put an alert on it, since it may rise quickly once it starts (probably shorted heavily).

INTC - my gut feeling is that INTC may bounce back to the MA50 (31.4 - small gain for a swing trade), but then drop further into the 27-28 range (MA200 & 32% fib), especially if the overall sentiment remains poor. The chart is close to completing a cup & handle formation on the weekly chart, though, with resistance at 34.5, so this may also be a good LT play.

LJPC - falling knife entry. I'm worried it may drop all the way to 3 before reversing. Put an alert on it.

MZ - I like it.

NETC - has multiple support at 2.0 (MA200, 62% fib, prior S/R). I'd wait for some technical confirmation of reversal before buying. Volume is still relatively low.

OSTE - not sure if it'll bounce quickly or just move sideways for a while

REMC - may make a dead cat bounce. Held up pretty well during on overall weak Friday. I'm always worried that there are plenty of eager sellers after such a large gap down (-20%), who may limit the bounce.

SMD - falling knife, not sure if it hit rock bottom yet.

SQNM - another falling knife entry; may (or may not) bounce. Will watch for a day or 2.

SSYS - dropped right through the MA200s. High volume suggests it may have found a bottom, but next solid support is at 16.5 (62% fib).

TG - totally oversold; ready for bounce. Would watch a day or 2.

VLGC - another falling knife entry. May retest the 3.0 mark before bouncing.

Thanks, for these great picks, Art!


Posts: 323 | From: Honolulu | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
Art
Member


Icon 1 posted      Profile for Art     Send New Private Message       Edit/Delete Post   Reply With Quote 
Thanks for your great comments.


I tend to like TG and SSYS.


I go for the really beaten down stocks but sometimes get burned buying them when they go down much further (SCLD is one of my worst recent mistakes).

Sometimes stocks are beaten down simply because people holding them are tired of waiting on them to go up, and thus sell out. These are jewels to buy. You don't want to use a stop loss sell order here because if it falls further after you buy in, you want to buy more and not sell.

Sometimes stocks get beaten down because smart investors see poor earnings eport coming. If you buy one of these, and then the poor earnings report comes out, you take a beating. This is a good argument for using stop loss sell orders after you buy, and for paying careful attention to fundamentals and news before you buy.


Posts: 4402 | From: Florida | Registered: Jun 2003  |  IP: Logged | Report this post to a Moderator
Art
Member


Icon 1 posted      Profile for Art     Send New Private Message       Edit/Delete Post   Reply With Quote 
Adding for Monday:

ABMC 1.35

KVHI 15

LENS 6.1

MED 3.9


I like these. Comments?


Posts: 4402 | From: Florida | Registered: Jun 2003  |  IP: Logged | Report this post to a Moderator
MN Trader
Member


Rate Member
Icon 1 posted      Profile for MN Trader     Send New Private Message       Edit/Delete Post   Reply With Quote 
ABMC is a company this is making money. Has 4th Q results on Tues.24th - I like $1 co's that are profitable. - little nervous about Tues, bad news could sent it down.
Posts: 547 | From: Edina,MN USA | Registered: Feb 2003  |  IP: Logged | Report this post to a Moderator
MN Trader
Member


Rate Member
Icon 1 posted      Profile for MN Trader     Send New Private Message       Edit/Delete Post   Reply With Quote 
Putting an order for:

ABMC - 1000 @ 1.37
EQTX - 1000 @ 1.00
ARTG - 1000 @ 1.47 Not on your list but it looks good to me!!!!!!!

Comments Welcome. Thanks Art- TraderTom and everyone.


Posts: 547 | From: Edina,MN USA | Registered: Feb 2003  |  IP: Logged | Report this post to a Moderator
azircon
Member


Rate Member
Icon 1 posted      Profile for azircon     Send New Private Message       Edit/Delete Post   Reply With Quote 
Great picks guys! I'll be watching 4 stocks very closely tomorrow. If Nasdaq bounces off its 50MA then these are nice long entries. I like relatively high vol stocks (above 1 million daily volume).

NFLX (temporary drop over after split, strong stock, oversold in an uptrend)

BKHM

MZ (you already know why!)

DCEL (Dead Cat bounce play, already made a nice profit on the first day, sold out, now waiting to re enter)

However, you never know if dollar is strong tomorrow, then this is my short play.

WTZ (silver stock, nicely overbought, with a strong dollar I'll short it if it violets 30-min low)

I know you guys normally don't short (because you don't say you do). But if Nasdaq breaks through 50 MA (God forbid!) then these 2 are my short plays for general market.

WDC (I'll consider shorting on a bad general market open, and only if the stocks trades below 10.71, overbought at resistance )

IPAS (confirmed downtrend, finding a gap resistance)

Just keeping my options open! Let me know if you guys like it.

[This message has been edited by azircon (edited February 22, 2004).]


Posts: 45 | Registered: Dec 2003  |  IP: Logged | Report this post to a Moderator
stockguyDD
Member


Rate Member
Icon 1 posted      Profile for stockguyDD     Send New Private Message       Edit/Delete Post   Reply With Quote 
hey art... ive been following BLSI for a long time now and found it interesting that you posted about it... for what reason do you see potential here... any1 else feel free to answer
Posts: 191 | From: Orange, CA | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
Mehul_Sangani
Member


Rate Member
Icon 1 posted      Profile for Mehul_Sangani     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
Originally posted by stockguyDD:
hey art... ive been following BLSI for a long time now and found it interesting that you posted about it... for what reason do you see potential here... any1 else feel free to answer

I remember trading BLSI couple of months back. Not sure what would be good entry, but it has REALLY REALLY STRONG SUPPORT at $1.15


Posts: 147 | Registered: Nov 2003  |  IP: Logged | Report this post to a Moderator
Art
Member


Icon 1 posted      Profile for Art     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
Originally posted by stockguyDD:
hey art... ive been following BLSI for a long time now and found it interesting that you posted about it... for what reason do you see potential here... any1 else feel free to answer

BLSI is becoming oversold and showed strength last Friday.

Does this strength indicate an upswing?

Maybe.

Could it trade sideways here?

Sure.

Could it drop as low as 1.15?

If it did I would buy all that I could buy.

It is on my pick list as becoming oversold and worth watching.


Posts: 4402 | From: Florida | Registered: Jun 2003  |  IP: Logged | Report this post to a Moderator
grjohnso
Member


Member Rated:
5
Icon 1 posted      Profile for grjohnso     Send New Private Message       Edit/Delete Post   Reply With Quote 
Lots of good stocks here! My favorite is

EQTX -2yr downtrend - 2yr consolidation - Over 1 mil. reported insider buying at these levels. Should be big!

Next I like ATS - 5yr consolidation and there is a very nice triangle formation about to end.

finally some good buys again!

Good luck guys!

-Greg


Posts: 257 | From: mcminnvill, OR usa | Registered: Nov 2003  |  IP: Logged | Report this post to a Moderator
TraderTom
Member


Member Rated:
4
Icon 1 posted      Profile for TraderTom     Send New Private Message       Edit/Delete Post   Reply With Quote 
Great posts!

GAIA is another stock in consolidation for nearly a year, and the finances are pretty solid, IMHO. I just got some shares at about 5.40.

LUV also seems to be oversold at current levels ...

[This message has been edited by TraderTom (edited February 22, 2004).]


Posts: 323 | From: Honolulu | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
Art
Member


Icon 1 posted      Profile for Art     Send New Private Message       Edit/Delete Post   Reply With Quote 
Everyone:

Thanks for sharing your excellent thoughts and picks.


That is how we all help each other here.


Posts: 4402 | From: Florida | Registered: Jun 2003  |  IP: Logged | Report this post to a Moderator
MN Trader
Member


Rate Member
Icon 1 posted      Profile for MN Trader     Send New Private Message       Edit/Delete Post   Reply With Quote 
got all three at my price:
ABMC - up .04
ARTG - down .02
EQTX - up .02
Those numbers in relation to my buy.

Posts: 547 | From: Edina,MN USA | Registered: Feb 2003  |  IP: Logged | Report this post to a Moderator
lightshoes
Member


Rate Member
Icon 1 posted      Profile for lightshoes     Send New Private Message       Edit/Delete Post   Reply With Quote 
AZIRCON... Thanks for the input, especially on the shorts. I got my shorting feet wet with WDC and made a few bucks. Appreciate your input
quote:
Originally posted by azircon:
Great picks guys! I'll be watching 4 stocks very closely tomorrow. If Nasdaq bounces off its 50MA then these are nice long entries. I like relatively high vol stocks (above 1 million daily volume).

NFLX (temporary drop over after split, strong stock, oversold in an uptrend)

BKHM

MZ (you already know why!)

DCEL (Dead Cat bounce play, already made a nice profit on the first day, sold out, now waiting to re enter)

However, you never know if dollar is strong tomorrow, then this is my short play.

WTZ (silver stock, nicely overbought, with a strong dollar I'll short it if it violets 30-min low)

I know you guys normally don't short (because you don't say you do). But if Nasdaq breaks through 50 MA (God forbid!) then these 2 are my short plays for general market.

WDC (I'll consider shorting on a bad general market open, and only if the stocks trades below 10.71, overbought at resistance )

IPAS (confirmed downtrend, finding a gap resistance)

Just keeping my options open! Let me know if you guys like it.

[This message has been edited by azircon (edited February 22, 2004).]



Posts: 16 | From: FullTime RVer | Registered: Jun 2003  |  IP: Logged | Report this post to a Moderator
   

Quick Reply
Message:

HTML is enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2018 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share