Look at all that profit taking! It came right at a descending wedge triangle. What I like about it is that it sold off right near it’s high. Don’t buy on the dip, buy on the rebound. That means grab some cheap shares above the line.
Buy range: 25.90 - 26.xx
Then set the stop-loss just below [...]
Green Mountain Coffee Roasters Inc. (GMCR: 96.80 -0.83%) is a coffee beast. It’s staring 100 in the eye, and you could wait until 100 or 110 if you believe it still has gas. But even so, if it does get that high I think the PUTs will not be affected too much since their [...]
Staying sector focused here.
One flag up found in the pharma sector (generics). HITK finds a temporary floor. Expecting next wave of buying in the next few days. Massive selling in the past 2 days. This is a higher risk play, but looks great for an intraday long or short term swing long.
(HITK: 23.61 -1.62%) [...]
Ah, yes, those dexterous education stocks. I’ve had an affinity towards their bullish tendency for quite some time. And I will be repetitious in my reasoning and theory- there is something about education that promises better times. It is as if knowledge is the light at the end of the tunnel. And during our darkened [...]
New longs: AFAM 36.12
Last time this stock traded above 36 was on 2/22. Looking for some volume to accumulate. I still believe the demand for home healthcare is very high. Industry is strong, hope I’m not wrong.
K, going surfing or fishing, or whatever. I just need to get out of the office!
Wow what a stock. I can’t help but noticed how overbought this company is, but then again, it’s been ripping apart the shorts for over a year now. This stock is a good example of how overbought indicators do not always work. Would I buy here? H-no. This one is easy to play:
1) long now
2) OTM-PUTS [...]
