Sorry guys, i didn't have time to look at all the comments/questions while trading.
If you ever need an immediate answer, just repost your question on my LATEST post. I usually look at those comments/questions first. When i do decide to trade at home again, i will set up several computers to see everything. But for 6 months now, i have been trading at Starbucks with a laptop and i like it tremendously.
Do you notice that during bull runs like we have today, the bigger stocks generate more traders interest? Well, it's true! That's why we couldn't find any tinycap super runner today. In a sideways market, traders prefer low priced stocks.
Do you notice that during bull runs like we have today, the bigger stocks generate more traders interest? Well, it's true! That's why we couldn't find any tinycap super runner today. In a sideways market, traders prefer low priced stocks.
posted by beanie11111 | 9:26 PM
4 Comments:
Beanie,
Can you comment on USEG from the swing trade point of view? How low will it likely fall. If you were to trade it, when is the time to enter?
Same question about TIVO.
Thanks.
-Alan
Alan,
USEG, as long as it stays below $6, i would imagine that it could drop to $5. Alot of traders are selling in the high $5's, using $6 as a resistance. The high $5's (5.7-5.8) have been support for several days now. I find it strange that it wouldn't go towards mid or lower $5, yet it wouldn't go above $6.
I bet we will get a decent move on USEG tomorrow. It needs to move higher. If it moves down, it will likely be a big down move to $5.
Check this out:
http://stockcharts.com/def/servlet/SC.web?c=useg
Look here:
http://stockcharts.com/def/servlet/SC.web?c=USEG,uu[m,a]daclyyay[pb20!b10][vc60][iUb14!La12,26,9]&pref=G
See where the 10-day and 20-day MA is?
TIVO has decent support at $5. If i were interested in this stock, i would definately buy tomorrow's gapdown! It will definately bounce on the gap down (so don't even think about selling in the morning). If you like to hold onto TIVO for the longer term, use $5 as your guide ($5 as support and $5.50 as resistance). You can constantly buy and sell, buy and sell. That means selling near the mid $5's and buying back in the low $5's. You can make tons of money doing that, while waking for the next big move. I think it will "roll" for awhile before the next big move (either up or down).
If i were to trade tomorrow, i would buy on the gap down. But after that, if it doesn't go above $6, i would sell.
Oil stocks have moved up significantly and needs to correct. But couple months later, i expect oil stocks to rule once again.
So you can keep USEG for a longer term. You can sell if you know it's gonna drop (based on support and resistance levels) and buy back after the drop. It SAVES you money that way; or to put it another way, it lowers your cost basis!
TIVO:
http://www.blogger.com/comment.g?blogID=8894026&postID=111223643710897092
There is strong resistance at $6, and at $7.
There is decent support at $5, and at $4.
So there bulls and bears are gonna battle this one out for awhile, until some major news hits the fan to determine who wins.
You can hold the stock, but trade it as well.
I haven't been trading TIVO and don't really know its fundamentals.
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