BmwMan325, Dcha, wiedrick2005, Wraisil -- Trading Thread/Knitting Circle

LDK and JASO flagging out. They should look a little nice next week.

I like UCTT here for a swing trade for 10-15% if it gets above and holds the 100day sma.




DCHA since you like breakouts, watch DDS on a push through 24.5 could break out, been consolidating for a while now and has the 20, 50, 100 and 200 day sma's right under current consolidation levels.

ARNA, what do you guys think?

Originally Posted by Tom5933

ARNA, what do you guys think?

I think I don't touch bio's ever. More volatile and unpredictable than penny stocks (which most are to start with). FDA makes and breaks them with no warnings.

Bio's in general are okay if you have some experience. ARNA itself is a pig. I've seen some pro traders lose big on that one. I rode it up half-way and didn't touch it from there.

So what do you guys think about the general direction of the market for the next few weeks? I have a feeling its going to be a tough time for the DOW to go much above 11,200 area.....

The market has been Tepperized. New 52's by the end of the year.


Maybe.

In the SPY. I don't really worry about the DOW.

Originally Posted by BmwMan325

I agree, GE looks promising at this point. Chart looks good. Operating cash flows have been coming back also which is a good sign.

Bought some GE this morning. Chart looks good and I think it is fundamentally cheap

GE has been doing great for me (had it since 15.49), picked up some MGM also recently. DDS finally broke out this morning, took it for a dollar and got out. Holding onto some F from 12.3 and I think it still has some room to move.

Originally Posted by Wraisil

GE has been doing great for me (had it since 15.49), picked up some MGM also recently. DDS finally broke out this morning, took it for a dollar and got out. Holding onto some F from 12.3 and I think it still has some room to move.

Bought some Ford also. Trading at only 3.5x Cash flow!!! and a PE of 8.86

BLK is what you want.

Originally Posted by Dcha

BLK is what you want.

Go MGM!

Keep an eye on STX

I've had CSCO calls since yesterday's lows. Looking for a gap fill from 22.50 to 23.50. We are at resistance.

Originally Posted by Wraisil

Go MGM!

Since this rarely happens so quickly and so drastically just gotta say, up over 12% on the day right now and 15.5% since I picked up MGM last Friday. Needless to say, stop has been moved to lock in some profits and I'm gonna have a cigar tonight

Oh and if you picked up DDS it's now up a little over 10% from the 24.5 alert level I mentioned. (I only rode it for a dollar, should have been more patient with it)

Home now. Dcha, you once asked me on stocktwits for a pullback in MGM, we got it and now it's moved again. Sorry I only briefly mentioned it this time but any pullback to the upper 12's would be another buying opportunity now. I'm holding long still looking for the next resistance around 14.5 then 15. I moved up stops to lock in most of the gains since last friday but will pick up more if it pulls back into the 12.85 area for the next move up (barring major indicators shifting bearish that is). 15.8% on the day, about 19% gain since last friday.

I'll be on the road the beginning of next week and all of the last week of this month but will likely be off most if not all of thursday and friday for the next couple weeks so I'm hoping to have time to research some other swing trades and try to get them posted here as well as a few other places.