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Monday, November 21, 2005

SNDK Take a look at the Elliott Wave analysis

Copy this URL and paste it into the address field of your browser.

http://www.pathometrix.com/Movies/SNDK.mov


This is s quicktime movie, so if you don't have quicktime you will have to downloaded from Apple.com. If you have an iPod, you probably have quicktime already. if not, here is where you can get it:


http://www.apple.com/quicktime/mac.html

10 comments:

Anonymous said...

Nice blog, Juan Sarmiento. There's an interesting site about emini trading method at emini trading method.

Juan Sarmiento said...

well, I don't know emini, taking courses are not my cup of tea.

Think about it, they are given by people who spend their lives teaching courses, not trading. For them, it is not an "I" (investing), it is a "B" (business). They don't make their money by doing what they profess to do (invest), they make it by collecting money from me.

Then, they rarely publish the results of their methods. Doesn't it follow that if you are successful at what you do, you want to show everyone?

There is only one way to learn investing and it is doing. There are plenty of books that tell you how to for a lot less than $3000 courses. You don't get what you pay for. They forget the cardinal rule of business too:

Give the customer more in use value than what they pay for. If you do, they will come!

Anonymous said...

Juan,

It could well be a spam, so I don't think you need to bother replying this post. Just ignore it. I am not sure whether you use the feature called "word verification" so each time someone posts in your blog, he/she has to type a couple of words. This is one way to prevent spamming.

On a separate matter, what's your view on COO which gapped down 20% today due to bad earnings? Would you consider doing a CRC?

Thanks n regards
Jack:)

Juan Sarmiento said...

I am aware that it is spam, but you have to admit, my reply is useful material for discussion, don't you think?

Jack, I have not look at COO or any candidates yet. I will a little later today. However, you SHOULD post your opinion as to whether it trigger my system (or your own, if you have one), and then talk about the catalyst. Don't forget, I am here to learn too. I tell you what I know, you tell me what you know, right?

If the stock has gone down 20%, I would wait for a bounce (38.2% retracement), and a corresponding sell signal, then I would enter a PRC (Put Ratio Calendar), not a CRC (Call Ratio Calendar). No point in trying to catch a falling knife with a CRC.

Juan Sarmiento said...

I have been exited of my DRIV trade. I had a minimal profit on that one. It looks like the market is decidedly bullish, even after opening lower, it bounces back.

Anonymous said...

Juan,

Thanks for your reply. Certainly the fact that COO gapped 20% due to bad earnings is a first signal. However, I would look for additional trigger(s) before deciding to do any trade thereon (including ratio calendar). The stock at this point seems to stablise in the range of $52-$54. And IV for options more than 90 days is still considered high at this point so I would not consider a PRC until the IV goes down to the average. Like you said, if further signal reveals that COO may go down further, this perhaps will be the time when a PRC can be entered. I will monitor the siutation and post a Platinum link for sharing when the right time has come.

Hope my logic makes sense to you. Once again, thanks for your help.

With best regards
Jack;)

Juan Sarmiento said...

The reduced guidance certainly qualifies as a good catalyst.

http://biz.yahoo.com/ts/051122/10254016.html?.v=1

Anonymous said...

Juan,

Played the movie.

SNDK down to $30 to $35 by May 2006 perhaps? **Smiles**

Juan Sarmiento said...

I think it is time to hold those bearish trades.

I am awaiting the right time for SNDK.
I have looked at RIMM with the RET, and it looks like the bottom was made on RIMM for a while, it may go sideways or UP, so I'd wait on that too.

Juan Sarmiento said...

Sorry, I have to apologize about RIMM, it DOES look bearish. I was looking at another stock. I will do the analysis over and post it. Again, I apologize

EWI