2nd - In looking at the moves in DELL, RIMM, NOK, and HPQ I would say that now is still a really good time to buy SNE. It could run to $15 pretty quickly.
FYI - I can't remember who else followed me into this POS Penny stock but I'm still holding it. I think it has a couple more days of consolidation as people that are happy to get out at breakeven bail. And then it should run higher.
Should be a good stock to hold for a couple of years - lots of pent up auto demand.
Picked up a smallcap auto parts supplier in Canada, but looking around for another. Going with the suppliers seems to take some risk off the table as you are not dependent on a few models.
TBT sure is a nice looking chart and looks like it may be starting to break upwards, but this has had so many fakeouts that have turned back down, it is really hard to know if this is the one.
NII Holdings, Inc., through its subsidiaries, provides wireless communication services under the Nextel brand name to businesses and individuals in Mexico, Brazil, Argentina, Peru, and Chile.
I really like that SID stock. Kind of wish I bought that one just because of the divvy. I think it goes to $10 and it pays a 7% dividend. Its part of what I was saying a couple of weeks ago: buildout in Brazil in preparation for the Olympics. I think that's a theme that will do well, especially given how beaten down Brazil is.
MDBX (medbox) is up 50% today after 40% moves for several days on an Arizona judge approving their medical marijuana law. MDBX's manufacturer is AVT (AVTC) both traded on the pink sheets. AVTC is up over 80% today and I traded it for 20% of that before jumping out. I'm waiting for the inevitable pullback but these things can make crazy runs off of pullbacks and breaking news on additional business. As 2nd says, "pass the dube".
Oh....AVTC also supplies Marley Coffee (yes, THAT Marley) who uses them to sell Jamaican Blue Mountain coffee. They manufacture a lot of vending machines for various co's including Blue Rhino propane, Walmart, etc. These kind of moves, while VERY volatile, make SNE look pedestrian. Still holding SNE!
Holy shit...it doesn't end there. I just pulled up MDBX and right at the top of the news headlines is a press release where the company is talking about their record volume day. To the moon alice! Unfreaking believable.
SID this really is a compelling chart. Positives: A double bottom from 08. sideways base for seven months. positive stochastic monthly and weekly probably need a 15% stop loss
Negatives: below 30 wema volume mixed but three months ago spiked 17.7% off its low of 4.63 daily stochastic rolling over
I think this should be bought, the only questions is here or try to wait for softer prices.
T3d - It looks like it wants to consolidate the gains instead of pull back. So if you are compelled to buy then I would buy a starting position at the low end of the recent range: i.e., around $5.40. If it does fill the gap then I would add if the RSI_EMA hits 50 and bounces. On the bounce I would add the rest. That's just my belief on the short term trading. Longer term it's going much higher so any entry here should be fine.
I would be using this pullback to add to longs if I wasn't in the market. I think we're eventually going to hit the 1,550 area within the next few months. I still see a pullback early next year though.
Excessive bearishness at 25 year lows. I mean does it get any better than this? I'm now officially more bullish on this stock than just about any stock I've ever been bullish on in my life. The falling yen is the catalyst.
Who is to say that SNE doesn't do an about face much like IBM back in the day or MCD in the mid 2000's or AAPL 10 years ago? A 10 bagger over the next 5 to 7 years? Why the f*ck not? They still make kick ass products.
1430 - I damn near shorted this level today but didn't b/c so many chart readers are calling for 1500. These same chart readers were calling for 1250 and lower last month, FWIW
Mark- Here's to us, bro. We sold SNE just in freaking time.
ReplyDeleteDoesn't look so swift right now does it...
Delete2nd - In looking at the moves in DELL, RIMM, NOK, and HPQ I would say that now is still a really good time to buy SNE. It could run to $15 pretty quickly.
DeleteLet me think it over.
DeleteLOL!!!
ReplyDeleteouch... Phil Falcone's Harbinger $HRG priced an offering of 20M shares at $7.50/share, a 27% discount
Another buddy of mine works for solar city.
ReplyDeleteFYI - I can't remember who else followed me into this POS Penny stock but I'm still holding it. I think it has a couple more days of consolidation as people that are happy to get out at breakeven bail. And then it should run higher.
ReplyDeleteI was talking over jesse's trading history with my wife last night. We concluded it takes a young guy with no dependents to pull it off.
ReplyDeletetof and David may be the exceptions that prove the rule?
DeleteMan, look at F.
ReplyDeleteShould be a good stock to hold for a couple of years - lots of pent up auto demand.
DeletePicked up a smallcap auto parts supplier in Canada, but looking around for another. Going with the suppliers seems to take some risk off the table as you are not dependent on a few models.
What's solar city's ticker?
ReplyDeleteMITK
ReplyDeletehttp://finance.yahoo.com/news/buyer-thinks-sony-next-rimm-111428861.html
ReplyDeleteTBT sure is a nice looking chart and looks like it may be starting to break upwards, but this has had so many fakeouts that have turned back down, it is really hard to know if this is the one.
ReplyDeleteGotta happen sometime though.
SNE 30 wema comes in at 12.46, if we can clear 14ish hurdle there is no congestion till 16. So TOF's run to 15 very likely.
ReplyDeletewe are attacking the 50 dema right now
Deletelast time we strongly broke this was 9/13/12
NIHD another Jesse pick, rockin
ReplyDeleteNII Holdings, Inc., through its subsidiaries, provides wireless communication services under the Nextel brand name to businesses and individuals in Mexico, Brazil, Argentina, Peru, and Chile.
I really like that SID stock. Kind of wish I bought that one just because of the divvy. I think it goes to $10 and it pays a 7% dividend. Its part of what I was saying a couple of weeks ago: buildout in Brazil in preparation for the Olympics. I think that's a theme that will do well, especially given how beaten down Brazil is.
ReplyDeleteSID is still interesting here. This stock ran from Dec 11 to Feb 12 for a 46% gain.
Delete9.48/10.99
Okay freaks....in the 1969 sense.....
ReplyDeleteMDBX (medbox) is up 50% today after 40% moves for several days on an Arizona judge approving their medical marijuana law. MDBX's manufacturer is AVT (AVTC) both traded on the pink sheets.
AVTC is up over 80% today and I traded it for 20% of that before jumping out.
I'm waiting for the inevitable pullback but these things can make crazy runs off of pullbacks and breaking news on additional business. As 2nd says, "pass the dube".
Oh....AVTC also supplies Marley Coffee (yes, THAT Marley) who uses them to sell Jamaican Blue Mountain coffee. They manufacture a lot of vending machines for various co's including Blue Rhino propane, Walmart, etc. These kind of moves, while VERY volatile, make SNE look pedestrian. Still holding SNE!
AVTC up 89% as I press publish...
Nice reentry into SNE yesterday morning around 10.14, bro.
DeleteI don't trust the long side (in general) right now, which probably means we rocket higher.
Okay, this is scary.....AVTC up 141%
DeleteBut, if a few more states legalize I could see this thing making an s load of $$$$$$$
164% now
Deletevol 11x's 10 day avg
Deletehaha. AVTC's press release is a first I've never seen before:
Deletehttp://finance.yahoo.com/news/avt-announces-3rd-quarter-2012-141000703.html
They're quoting an analyst right in the earnings announcement. Now that is a first. It's gotta be a buy then right!?!
Holy shit...it doesn't end there. I just pulled up MDBX and right at the top of the news headlines is a press release where the company is talking about their record volume day. To the moon alice! Unfreaking believable.
DeleteMJNA kind of intrigues me but I am highly skeptical of the numbers they're putting out.
DeleteLook at CBIS too. There's also a testing lab but my short term memory gets iffy around this stuff and I forgot the ticker.
DeleteTempted to open a position in UGAZ. Nat gas is equally as oversold as it was in late August, June, and April.
ReplyDeleteMcCartney jamming with Nirvana 121212 concert
ReplyDeletehttp://marquee.blogs.cnn.com/2012/12/13/paul-mccartney-jams-with-nirvana-at-12-12-12-concert/
Yen down hard again today:
ReplyDeletehttp://stockcharts.com/h-sc/ui?s=$XJY&p=D&b=5&g=0&id=p75483316455
SNE could rally for a while with only small pullbacks. That option buyer yesterday is going to be filthy rich in a few weeks.
UNG - Wow, what a surprise. The inventory report must not have been bullish?
ReplyDeleteI still haven't gotten the buy signal on it. It's getting close. Just need it to make a turn. UGAZ is going to be a nice trade very soon.
DeleteJCP - Up 6%, LOL!
ReplyDeleteSID this really is a compelling chart.
ReplyDeletePositives:
A double bottom from 08.
sideways base for seven months.
positive stochastic monthly and weekly
probably need a 15% stop loss
Negatives:
below 30 wema
volume mixed but three months ago spiked
17.7% off its low of 4.63
daily stochastic rolling over
I think this should be bought, the only questions is here or try to wait for softer prices.
T3d - It looks like it wants to consolidate the gains instead of pull back. So if you are compelled to buy then I would buy a starting position at the low end of the recent range: i.e., around $5.40. If it does fill the gap then I would add if the RSI_EMA hits 50 and bounces. On the bounce I would add the rest. That's just my belief on the short term trading. Longer term it's going much higher so any entry here should be fine.
DeleteI agree with everything you say.
DeleteThe other thing I just looked at is block volume for the month of Dec, they have been buying all month with today actually the lowest amount.
The market looks good here...love the much needed pullback to work off some steam. I completely agree with this guy's take:
ReplyDeletehttp://www.objectivetrader.com/2012/12/ot-remains-on-track-13-december-2013-.html
I would be using this pullback to add to longs if I wasn't in the market. I think we're eventually going to hit the 1,550 area within the next few months. I still see a pullback early next year though.
I haven't been able to get into his site for a while - do you have a paid account? Or maybe it is just fixed?
DeleteI had that problem too, seems to have gone away.
DeleteTry This
http://www.objectivetrader.com/2012/12/ot-remains-on-track-13-december-2013-.html
which is the same as the above
DeleteYou guys will love this one...
ReplyDeletehttp://www.ritholtz.com/blog/2012/12/qe-explained/
Now we know 'client sodomy' is the offical term for it.
DeleteI knew you would like it.
DeleteThen we can summarize the remainder of the flow chart as mutual m----------n.
DeleteThis is probably just another reason to get bullish on SNE:
ReplyDeletehttp://www.marketwatch.com/story/japanese-electronics-manufacturers-are-finished-2012-12-13?siteid=yhoof2
Content is king.
Delete10 block trades today
Delete1 mill at 10.55 at 9:20 am
289.9k three times at 10.71
19.8 mil
Excessive bearishness at 25 year lows. I mean does it get any better than this? I'm now officially more bullish on this stock than just about any stock I've ever been bullish on in my life. The falling yen is the catalyst.
DeleteRemeber when DIS was at 15 and nobody wanted it?
DeleteYeah, the marketwatch story is all the more reason we will have the yen wind at our back.
DeleteWho is to say that SNE doesn't do an about face much like IBM back in the day or MCD in the mid 2000's or AAPL 10 years ago? A 10 bagger over the next 5 to 7 years? Why the f*ck not? They still make kick ass products.
Deletehttp://www.businessweek.com/articles/2012-12-13/the-xbox-playstation-and-wii-are-game-to-battle-mobile#r=rss
DeleteThey just called out 1650 as the next stop on the gold run.
ReplyDeleteGold is only off 1.18%, big deal.
ReplyDeletestill above 200 ema
previous low 1677
so yeah it may under cut to 1650 would be a great buy
SNE added on close
ReplyDeleteUNG started a position at 19.05
SAM - Taking 1/2 off here.
ReplyDeleteWow, nice move for a brew stock.
DeleteAll time high, no supply overhead just lack of supply today?
DeleteMuppet sodomy, LOL! So true it's blatant....
ReplyDeleteMuppetphelia is endemic in the financial community.
DeleteAlright, so CP and I were right. 11 comments.
ReplyDelete1430 - I damn near shorted this level today but didn't b/c so many chart readers are calling for 1500. These same chart readers were calling for 1250 and lower last month, FWIW
ReplyDeleteI think we're headed down, bro.
Delete