I will be throwing up a few charts throughout the day:
YHOO: Bouncing off the 50 day
ATVI: Resistance around $11
AGU: Like it above $40
AMSC breaking out:
GU: Bull flag
LDK: Having a tough time getting over the 50 day, but could rip if it can trade above it.
JASO: right at resistance
Be sure to check back for updates. Feel free to post what you’re watching in the comment section.
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Someone said earlier that BOOM was breaking out, you opinion?
Cheers
i like YGE here..but market up 300 points…in this range long is bit risky
RC- u mind posting a GOOG chart and a short-term target?
watchin RIMM blow through resistance levels .. will it hit $50 today?
JEC and MICC going bananas too..
RIMM reports after the close.
JJ, GOOG is a dunk shot to $380, near 200 day & near term high.
thx
ATVI looking good, I’m long for a trade.
You’ve had a hot hand RageCage so I’ll follow you into some ATVI… what stop are you using?
under $11, and I’m out.
great call on tso a week ago, think it can run to 16 again?
Here ya go RC…Happy 1 year + 1 day proposal anniversary!
http://www.youtube.com/watch?v=gSM8Okj_4TI
(And all you married ones.)
LDK and JASO are pooping their pants
yeah, damn JASO just emptied its bowels, much to my chagrin.
indeed. LDK just took a shit on me, could not get past 50 day. Stopped out @ 7.14, (still profitable). Still rolling with JASO cost basis on that one is around 3.30
how have earnings been so far? Are they better or worse, in general, than expected?
Yeah, I’m going to wait to see if the market ticks back up a bit, but you just can’t trust JASO… fickle bitch that one
Dia-Fucking-Ria
TSO going to $20, minimum.
________
RC, why is STP bucking the trend?
couple of RIMM things out there:
CINCINNATI–(BUSINESS WIRE)– Research In Motion Limited (NASDAQ: RIMM)Speculative investors are placing sizable bets across the board ahead of the company’s earnings report, which is scheduled to hit the Street after the close tonight. Calls appear to be the options of choice, with volume arriving at a hefty 10
**
Small short-base in terms of days to cover at 1.1, but a larger 4,7% of the float is short. Extremely high gap risk.
fuck, even CROX is up over 20% today.
RIMM .90 cents… nice
Research in Motion-RIMM see Q1 EPS of 88c-97c vs. consensus 82c
now what about the margins..
RIMM explosion !! (Up)
note from news site:
On a bullish breakout above the price channel the following resistance levels would become upside objectives: $49.65, $51.77, $53.10, $53.91, $56.55, $59.14, $61.54, $68.77, $69.83.
Damn, I almost bought some calls going into the close.
What a move.
yeah, RIMM move was something to watch.. nice.
citi on MON tonight:
* Raising ’09-’10 estimates on stronger seed pricing and 2Q beat; Maintain Buy
Ragin,
Just an FYI- That rumor about an offer being made for FRX is “TRUE”.
I dont own any calls or shares yet, but I will be loading up in the am….BIG FUCKING TIME.
P.S I spoke to Chris tonight-He told me the the funniest story about them going out the other night, classic. He also said he went to that psychic today (the one that is close to the house)- He said it was cool and the lady was good as gold.
RC:
Looks like your JASO is going to have some help. Just saw this on the interwebs:
Obama says the $3.45 trillion fiscal 2010 budget plan “will end our dependence on foreign oil and spur a new clean energy economy”.
RC, what program do you use to construct your charts?
Thanks.
Phophet charts, free software with a thinkorswim account.
Citigroup ups RIMM target and EPS tonight:
* Target Price Change – EPS estimates move higher primarily due to higher gross margins resulting in new target price of $65 vs. $46. Material target price change underscores leverage of RIMM operating model, which has been a negative impact on estimates & shares for past 6 months. 20%+ after-hours move likely rewards RIMM for much of the gross margin stabilization.
Random late nighters:
Citi on PCX:
* Lowering Estimates and Target – With the reduced production and likely higher unit costs, we are lowering our 2009 estimate to a loss of $2.15 from a loss of $1.85 and our target price to $4.00 from $5.00, maintaining Sell because of the company’s cost position, below-market legacy thermal contracts, and limited near-term credit availability.
and FHN:
* Reducing FHN to Hold – We are reducing our rating on FHN to Hold as we now see only limited upside vs our $12 target
price.
and AKAM:
Downgrading From Buy To Hold – AKAM has moved within 2% of our $22 PT. Thus, we see the stock’s risk-reward as less compelling. We continue to view AKAM as a core Internet stock, but would prefer an entry/adding price below $18, which would provide 20%+ upside to our PT.
also noted sales increases at CAG and HSY…
***
Excerpt From Credit Suise’s research-weekly market report last night:
We are currently overweight all IT industries and thus recommend this week buying selected technology stocks, which are supported by a strong cash position and specific growth catalysts, such as the PC replacement cycle, against European equities.
Transactions: BUY ASML, Hon Hai Precision, Intel, Oracle and Qualcomm…
***
F&*kn WYNN …. what the hell???!!
*where is everybody/anybody?!!
GU ripping
GU BTFO!
I got stuck with 100 shares at $13 from last year. not sure how i let that happen. i averaged down yesterday, thanks RC.
Hey Rage,
You recommend buying solar option leaps? Obama seems pretty intent on overhauling our energy policy and Europe looks like they eat out of his palm.
Hey Gunners.
Give us an update on the state of cre in PG, when you can.
I’ll try. There is so much going on, it may be difficult to explain. I’ll gather my thoughts and put a good effort towards it though. I am busier than ever at work right now, everyone needs financing and financing is only available for the BEST of the BEST of the BEST properties and borrowers. i’ll throw something together soon when i have time.
SLB looking good above $45
Holy shit, Gunners!
It’s like a ghost sighting!
whattup DPeezy? haven’t been trading much until a few weeks ago. actually made 0 trades between October and February i think. work has been way too busy. i’ve got a few trades on now though, so i need to make sure i’m following The Fly and RC.