This is a one way ticket that takes you on a wonderful journey into the vast world that is the stock market through my eyes, my point of view.
Here are several stock chart setups that I like right now...
HDSN
QTWW
Although it is not quite ready to be a high quality long, QTWW is starting to shape up nicely. It still needs a little more time to work on its base.
SNT
posted by Nick M. @ 1:49 PM
Hello and welcome to my blog. My name is Nick and I am a recent graduate of a top research university. I currently hold a BA degree in Psychology. My main interests are industrial/organizational psychology, HR management and of course, securities and the financial markets. I became interested in trading and investing in stocks a few years ago by pure chance and curiosity. After learning some of the basics in 2003, I began to trade in full force in 2004. Although I've been trading for only a few years, I have learned much about stocks, and analyzing charts in this relatively short time span. My experience and chart reading skills are my edge in successfully navigating the stock market. My strategy and discipline is a blend of trader and stock picker. My style of trading has helped me find some of the current markets top winners in their infancy. In addition to my own personal trading and investing, I also manage assets and portfolios for close friends and family. My goals are to continue to improve and refine my trading/investing strategies in order to further enhance my performance in the market. Eventually, I would like to establish my own investment/asset management firm.
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9 Comments:
pwe also lookin good..
n NGAS too.
also, lxra looks good.
Not sure if it is a false move.. but sure it is in right sector.
Dude Nick,
Check this out,
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ak5w.k3tf8HI
This will push oil over 125 - 130 on monday for sure.
Any plays on it ?
MPET looks good on that news... research some if you think it is worth your time..
This comment has been removed by a blog administrator.
Yre,
I am already convinced that Oil prices will hit at least 150-155 in the near term future. It is hard to believe that oil was hovering below 40 in 2005. So far, most of the oil stocks look like they have plenty of mojo left in them. I prefer the lower priced, less extended ones, such as MPET, WHT, BNK.TO, etc. Keep an eye on QTWW, SYNM, GNB, LRT, PDO, CLR, CPX, MMR, MXC, REXX, NGS, ICO, FDG, CXG, AREX, SOL. These are all energy related stocks and are either directly or indirectly affected by the price of oil. This is just a few of the ones that I like at the moment.
PWE and NGAS are shaping up nicely. LXRA is busy putting in a initial bottom. May rally up to the 200 day MA before hitting resistance.
Still holding onto those PWE options? If you are, so far so good. Also, did you short HLF? I remember you asked about it not that long ago. Just wondering.
If anyone else has any questions about a particular stock,or anything in particular just post it in the lateest posts comment section (for now this one). You can either post or send me an email. Either is fine with me.
P.S. Please, no Spam postings!
No Nick.. after your advise I couldn't dare to touch HLF right away.. and I should have listened to you and let go DECK aswell or atleast bought CALLs as insurance.
It is ok to be on caution side and miss a rally but not ok to be reckless n lose money.. then I can't fight another fight. I am not sure how many times I learn the same lesson.
Pls let me know if HLF it still looks like a good short.
Yeah got PWE Sep 35 puts at 15 cents ... darn cheap it was.
I am hoping to be in the money by then.. it is a very well managed company, with good num of ngas resouces. One downside is they pay huge dividends which takes a bite out of stock price.
but at these oil prices..... it has to go up. I hope.
Yre,
Technically, HLF is still a good short. But...wait until it bounces up to (or close to) its 200 day MA as it is too extended on the downside. But again, judging by its downside momentum it may not or may not offer that opportunity. Its tought to say. The ideal spot to have shorted this one was right where it was showing weakness at is 20 day MA. That would have provided a good short term short sale. Of course, if it continued to show weakness (as it clearly has), one could have extended their time horizon on the HLF short sale. I can't blame you or anyone else for not pursuing a particular trade. The market is a very risky and uncertain place. No one wants to lose their hard earned money. I know I don't. It is better to sit and wait for the best opportunities *and the ones that we are truly sure of* then to chase trades that we are not entirely sure about.
As far as PWE is concerned, I think it will put in a real bottom. The chart looks promising and I am starting to see some real accumulation.
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