Stock: ARA
Date: 30 Sept
Open-1.50
Low-1.42
High- 1.50
Close-1.42
Change: -6.58%
Technicals:
-closed below 1.50 (below all SMA 30,60,200)
-psyc resistance 1.55, 1.60, 1.70
-above 1.64 is breakout
Actions:
-added more shares
-General Trend is still my main key why I am positioning in ARA
Trailing stops:
-1.40 (adjusted from 1.45) due to over all market sentiment
New info:
-GTC sell taken out
-added more shares on top of my intended allocation.
price may seem to touch 1.40 level or seek a lower bottom. how deep? I have no idea. Nonetheless, will monitor closely and ready to sell all should selling pressure continues.
I received a call from one of my clients this morning- this was before I was ready to monitor the market.
He wants to add his shares on a particular stock; doubling his position on this stock now. The common question he always ask is, if it is a good buy today, hehe..
It has been a good buy to me since last year but the sentiment is still off from this sector. It is only now I am aggressively buying the stock per tranches. Well, nonetheless I have persuaded him to position anyway. I have also a position on this stock. Good luck to us.
Another story I have today was with TSI. I felt like I just avoided a 40% sell down from TSI when I looked at it later in the afternoon. I saw it when it went to ceiling in the morning and just decided to avoid instead. But back from an errand later in the afternoon, I saw the price touched 11.50 and that was the time I decided to buy a miniscule position near the close for a volatility play tomorrow. I call this buy, for JCO donut play :-)
I don't know anything of TSI...All I am sure about it is the volatility tomorrow.
I am already out of BHI. I see that there are many issues to play with than sitting inside the BHIlibid.
Good night
Stock: ara
Date: 17 Sept
Open-1.50
Low-1.49
High- 1.55
Close-1.55
Change: 3.3%
Technicals:
-support at 1.50 (coinciding SMA 30 and Fibo 50%)
-psyc resistance 1.55, 1.60, 1.70
-above 1.64 is breakout
-MACD changing to Up direction
Actions:
-I will take out my GTC sell once convincing breakout is evident above 1.64
-added more shares at the lows
-General Trend is still my main key why I am trading ARA
Trailing stops:
-1.45 (adjusted from 1.40)
New info:
-Volume above 10 days EMA
-back to 2/3 of my original pos'n
-No MACD and STS signal yet
Previous ARA tech analysis:
ARA 16 Sept
"value investing is an ideal strategy and one you should look at more closely. Through it, you will be able to see if potentials are too small for institutional investors to chase, so you and a few other investors may be the only ones following these stocks—hence, more chance of a profit. By finding such a stock, you are getting in at the ground floor of an upward move, an advantage that adds to your upside."
"value investing works because investors build up their skill in stock selection picking under-priced shares. They do not risk much of their money on any stock in particular, and they know what they are buying and why. This puts the value investor in a small, smart and diligent group of people buying and selling shares, and this select nature is a large part of why it is a successful way to make money from the stock market. "
Article link:
Criteria in selecting a stock
A quote from the movie "Other People's Money", starring Danny DeVito and the seductive Actress Penelope Ann Miller
--Larry (Danny) is a successful corporate raider who has become rich buying up companies and selling off their assets.
A corporate raider threatens a hostile take-over of a "mom and pop" company. The patriarch of the company enlists the help of his wife's daughter, who is a lawyer, to try and protect the company. The raider is enamoured of her, and enjoys the thrust and parry of legal maneuvering as he tries to win her heart
"They can pass all the laws they want. All they can do is change the rules. They can never stop the game. I don't go away, I adapt."
to simply say...
If the wind changes, I adjust my sails and maintain the course.
Happy Weekend!
I was torn between buying back WEB and entering the notorious BHI
WEB is showing me very good technical criteria for buying:
-MACD histogram in up direction with buy signal activated
-STS at 33.5 just above the oversold level and is in up direction
-few common brokers sighted buying it up
-making 11.00 level the bottom for this run up
just made a genius move----I did not buy
meanwhile...
BHI
the last time it went on rally was 5 months ago. It was obvious that participants were fond of fibo retracement. As you can see in the chart it retraced at 50% then from there went up as high as 0.20
as I have described it, bhi is notorious of pulling the price. From 0.20 it came down to as low as .109 (83% loss)
Now, bhi just started the same rally and is now making its first retracement. I may have miscalculated it at 61.8% (0.134) but nonetheless I should position some buying on 76.4% (0.127)
I may be wrong on 0.127 otherwise bhi may change its sentiment to prove right my previous retracement estimate at 61.8% which is actually already broken. 0.127 looks deep and I have 0.12 cut loss level.
Stock: marc
Date: 11 Sept
Open-1.83
Low-1.88
High- 1.84
Close-1.87
Change: 2.75%
Technicals:
-above 200SMA after a year
-psyc support 1.80,1.70
-above 2.0 is breakout
-immediate resistance is 1.90
Update: technical
-STS at 58
-MACD now with buy signal
New info: click below Disclosure
MARC operation Update
see previous blog entry
click here --->Marc Aug.15
