Sorry I didn't post earlier, but I am moving. Monday's picks, olog, chh, kpn, usg ......... 9:52 bought 1k chh @12.45, bidding for another k. 12:05 bought 2300 zqk @22.00 12:38 sold 1100 chh @ 13.35 (I only picked up 100 more while on the bid, there is some large buyer who kept getting ahead of me by a penny) He's still there, but a k is a k gain. 4:00 out all positions. I lost about what I made on chh in zqk. Ohh well. As for prd, I dislike.
PRD is sitting on some support on a daily chart. For me I'll pass for now. If it breaks support and drops more I'd look at it as a long till then I won't touch it. I prefer panic. KKD is working well for me today. Too bad it's so hard to borrow. I couldn't get on bullet on it this morning, but I could borrow a 1200 shares so am glad of that. WIsh I could have had a lot more. PTA has no volume today. I'm letting my stop rest now at previous support from that drop. We will see. I'll update this threada after the close for others I'm watching. rtharp
I see talk about USG doing that Chapter 11 thing. Are you guys still interested in playing a bounce on it? Thanks
Volume Reversal Setups: NIKU: Look for reversal off 1.07 with first resistance 1.17 Then 1.27 PROX: Look for reversal off 9.38 SMDI: Look for reversal off 10.16, or 9.38 VWKS: Reversal happened leaving a hammer signiture. Long tomorrow above 1.25 AXTI: Support 23.44 At your own risk. P.S. These are not the patterns as BIGT, or USG, but until I find them hopefully these will help some. Jeffrey
I think usg is even more attractive with the ch 11, they'll buy the news. Im waiting for more prox volume. Smdi also needs volume. I don't see much upside to vwks. Axti is interesting if volume picks up. I have 13k of niku that I took afterhours on that block. It was 3.618 million at .97 just so you know. I can't wait for usg. Im gonna make 50k on it. I definately bailed too soon on chh. Im gonna probably redo zqk tomorrow. Gemp is interesting, as is z for a half. Powi is interesting though we missed the bottom.
If there are any sellers left in NIKU, the greatest odds are that they will bring the price action down to reverse off .97 cents. Jeffrey P.S. I wrote the above before I re-read your post seeing that you got in at .97 cents. lol
Hello everybody. I've been papertrading full time for about 2 months so my experience is really limited. I am focusing on intraday trades only. I'm considering taking a small position on POWI (300sh)intraday for the next 2-3 days. The 6 month chart with day bars looks like it might fit this pattern, it looks good to me. Any advice?
praetorian How did you get NIKU at .97? I checked t&s. I don't see anything under 1.07. Did someone sell 3.6 million shares 10% under the going price? That's well over a $300,000 loss if they did.