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Posted by btr Sun, 30 Jan 2005 16:11:12 GMT
After suffering a 27% drop in less than a month, SUNW has shown some life above 4. The support at 4 is firming up provided that there is no further major news coming out of SUNW. The next resistence is around 4.5. You may wait for a while before initiating a new position or scale in in increments. The stop loss can be set at 4.0.
Posted by btr Wed, 12 Jan 2005 01:56:49 GMT
It looks like the slide has stopped. Let's see if 26 support is held.
The uptrend line is still intact. It could go either direction based on earning related acitivities.
Posted by btr Tue, 04 Jan 2005 04:41:46 GMT
LFC reversed a little bit after it gapped down when the news came out about SEC formal probe.
SUNW is under pressure after today's downgrade. I would close my position if it drops below 5 (It lost over 5% today, previously it's 25% gain). I was tempting to sell it at 5.5 last week, but changed mind at last minute as I was thinking that it might break out from 5.5. I guess that there were people who were unloading positions around 5.5 to keep it under selling pressure. I would be a buyer again at lower price, say 4.7.
HNP resolved this triangle to the downside.
Posted by btr Sat, 18 Dec 2004 16:58:44 GMT
CHN finally reached 35 and closed above 35 yesterday. It has reached my target at 35 and hit my exit limit order set long time ago. 35 is the major resistence level. It's likely it will pull back. I'm still long-term bullish at CHN and will seek opportunity to get in again. The exit came right before the announced dividend and capital gain distribution date ($3.5701 per share), but I think the market should already factor it in price, so I didn't cancel the exit. After the ex-div date, the price would adjust to around 32.
Posted by btr Wed, 15 Dec 2004 05:02:40 GMT
It looks like this gap will be filled soon. On the back of my mind, I was thinking about when to short it, but never acted upon. There is more room to go downward. It's not in over sold condition yet and the selling pressure is huge based on the volume spike. A lot of catching a falling knife things are going on as every sell had to be matched with a buy!
Posted by btr Wed, 01 Sep 2004 01:04:59 GMT
LFC is in breakout mode. It's been down a lot this year.
Posted by btr Wed, 01 Sep 2004 01:04:59 GMT
LFC is in breakout mode. It’s been down a lot this year.
Posted by btr Fri, 25 Jun 2004 20:36:34 GMT
Posted by btr Sun, 13 Jun 2004 03:00:08 GMT
Posted by btr Fri, 23 Apr 2004 00:26:14 GMT
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