Man, my alarm didn't ring and i just woke up!
Sorry. The stock i said i would be bullish about today is SMSI. Investors initially reacted negatively to the shelf offering by dropping the stock $1, but then rebounded almost entirely 2 days ago. Yesterday it gained about 60 cents. Altogether the chart looks very good.
SMSI @ 13.76
Earnings could take the stock higher. Intermediate/longer term play.
SMSI @ 13.76
Earnings could take the stock higher. Intermediate/longer term play.
posted by beanie11111 | 10:11 AM
15 Comments:
MA is on fire!
Could this be the true VLO rebound?
Our AAPL is set to go!
Our AKAM is set to go!
http://biz.yahoo.com/ap/060919/hewlett_packard_fiorina.html?.v=8
Who the hell does P. Dunn think she is? 007? Crazies.
AKAM is a good buy once again , as is with most tech stocks. imo
AKAM@46.30
HOW ABOUT LVLT @ 5.15? lOWER TOMORROW?
Lee
VLO should take out 50, where our reentry point is, tomorrow. We'll see.
anonymous,
LVLT is for an intermediate/longer term hold, as stated. It's not for a daytrade because i realized it is a bit overbought short term when i mentioned it.
LVLT is my least favorite stock because it's low priced. But i think it should at least see $6 short term. I made the call based on that belief.
I don't know if the markets will move higher tomorrow, but the $5 should hold. Actually, i do have a feeling where the market is headed tomorrow - UP UP UP, especially the tech stocks. The reason i am saying this is because even though the nasdaq has dropped over 18 points now, many of the tech stocks aren't dropping that much.
I am extremely BULLISH on SMSI if it closes above 14.20 . If that is the case, i see it challenging the $15 resistance tomorrow.
beanie..S&P had a support ast 1317. it broke that..do you think s&P is headed to 1308 or possibly lower to 50day moving avg? thanks
anonymous,
it's entirely possible. S&P 1316 and 1314 is where i'm seeing as initial supports. Worry about those first. They are holding.
For those of you who believe in Astrology, tomorrow is a potentially very negative day (or a day with limited upside) for the market, based on negative energy projected by a certain planetary alignment.
btw, did you know that charting patterns like Gann's Analysis, Fibonnaci Retracements, and Elliot Waves are derived from the science of Astrology? The reason Fibonacci, Gann, and Elliot Waves work is because they detect patterns and cycles, which by the way is what Astrology is all about. Most of the people who study these charting techniques will inevitably come to the conclusion that there is something missing about Darwin's Theory of Evolution. Darwin talked about how species evolved, but he himself admitted that his theories do not address how the species first come about!! This is where our educational system and our biologists are confused. They come up with a lame theory that we all started out with the elements and then somehow combine to form a cell and then finally to being thru millions and millions of year DUE TO RANDOMNESS. The fact that we see patterns and cycles all around us pretty much invalidates the random formation of living cells. You go down a beach and you see a watch, the watch did not come about by share randomness but a product of intelligence. Patterns and cycles mean only one thing - that there is Universal Intelligence (Nature, God, call it whatever you will) at work. There is just no way around that fact. There is too much "order" in the universe. It's the reason that Mathmatics work!
Obviously, Darwin's theory of evolution is only 1/2 the truth. The other half is Creationism, but not in the strict religious sense that creationists want us to believe. As always, the truth is somewhere in the middle.
Just my 2 cents....
I am hoping SMSI closes above 14.20 but it didn't. So it is now trading at a near term double top. It could go either way tomorrow but i'm leaning on the downside. We'll see.
The previous comment i made about SMSI is for those who are daytrading the stock. Intermediate and longer term , i believe the stock is headed higher and breaking into new highs. The stock is in the process of forming an inverted-head-and-shoulder pattern.
go MA!
what do you think about OSUR?
think it's got more room to go up?
-Mark
anonymous,
OSUR seems to have good fundamentals. Chart looks good, with support at 7.5 and main resistance at 10 and at 11.5.
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