1. Try clicking on the name of the most recent article in the column on the right. This will remove the "Archives" list.
2. Try right click on the chart itself and open it on a separate window.
I am sorry that I cannot always make the chart small enough to fit neatly on the left column. I want you to be able to see the details I want to point out.
I Hope this helps,
Juan
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BRCM raised today more than 5% with more than 2x the normal volume for the stock on news of increased sales targets.
http://finance.yahoo.com/q?s=brcm
My target is $55 by February 2007
This trade is somewhat out of the money, as you can see.
The trade filled this morning. I immediately placed a stop loss contingency order, as usual.
WFMI missed its earnings as a result of increased costs due to Hurricane Katrina. But I think that the stock has had a huge run up, and this decline in strong volume marks the end of the bull run. I will be posting my RET projections. However, I did place a PUT trade that filled immediately.
http://biz.yahoo.com/ap/051109/earns_whole_foods.html?.v=4
7 comments:
Juan,
I'm looking with interest at the pullback in GGC. It hasn't got the same 'Buy' signal as RIMM, but it looks promising for another set up to buy in the 'trough' pullback.
It is in my list, but the oscillators are still up there near the overbought region. It it pulls back more than 62.8% I would give it up. Please keep us posted for a reversal signal at the oversold area.
http://stockcharts.com/def/servlet/SC.web?c=GGC,uu[w,a]daclyyay[db][pb50!b200!f][vc60][iUa12,26,9!Lp14,3,3]&pref=G
Well, I was exited out of WFMI. Retrospectively, I entered at the bottom, and was quickly kicked out of the position as the stock rallied. I think I should not have entered this trade, becuase it IS a high flier, one of the most successfull stocks of the last year or two.
I have to also consider that one must assume that in the middle of a bull run, a stock is likely to bounce after a big decline. Keeping a list of possible shorts and wait until they complete their bounce may be a better approach.
This is not an easy business, I can tell you that!
Juan,
As they say, "trade what you see, not what you think". BTW, I am guilty of that too. **Smiles**
Juan,
RIMM looks as if it is going against the direction we were anticipating...
XLNX, I have been watching, has now retraced 50% from the downward drop it undertook in early October 2005. You never gave us a projection for it, but it has bounced off that 50% retracement.
GGC has now pulled back 50% from its recent run up. I am uncertain of an entry point here because if you review previous moves the RSI, on my graph has slightly bounced off a previous 'mid value' low, but there is no definite signal.
Juan,
FDX has continued upwards and has broken out again.
DNA has reched a resistance point. Will it retrace slightly before going through it at the $95 mark?
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