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MauiTrader |
| Friday, August 4, 2006, 12:11:05am |
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It has good fundamentals but that chart tells a much deeper story. This stock is going nowhere for a long time no matter how good the fundamentals get. It is going to take a long time before wall street is interested in this stock again. If the fundamental story isn't impressing them now, then that is obviously not a good sign for later. |
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huajian_us |
| Friday, August 4, 2006, 12:35:30am |
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Yes, akam took jnpr's share. I just checked akam, it gaped up from a double bottom base, josh, what do you take this type of double bottom base, the very nature of double bottom determines it will not be tight as long as the decline vol is low such as akam. The base is 2 months long |
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MauiTrader |
| Friday, August 4, 2006, 12:37:35am |
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we already talked about AKAM in here. It is too late now. This is an improper base anyways. Look at all the volume in the base. Remember good bases have little volume.
CRYMZYN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! |
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MauiTrader |
| Friday, August 4, 2006, 12:38:24am |
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It is up 152% since I got long it. Why do you want to chase a stock I let you know about 150% ago? Move on. |
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huajian_us |
| Friday, August 4, 2006, 12:45:53am |
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Now I see what you the problem with akam, yes, I only notice the vol is relative small during decline, not overall volumn across time horizon, look at shld before break (Jan-Mar), it is tiny, what can I say, all I can say is you are trading, I am sure one day you can be as big as Ed, Ed doesn't want to disclose what is his final goal, his monther implies he want to be bigger than Warrent |
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MauiTrader |
| Friday, August 4, 2006, 12:49:45am |
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I just want to be the next Jesse LIvermore, minus the suicide. LOL.  Never go long breakouts from bases that look good but have TONS of volume in the base. If you see a lot of volume you should stay far away. It shows a real battle between bulls and bears. Proper bases form quiet bases because all the sellers are GONE. |
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huajian_us |
| Friday, August 4, 2006, 12:58:31am |
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Looks he started to get depressed after 1929 crashed because a lot of people want to kill him and blame the market crash on him. I think that the market is too big to be broken by one single person now, ... |
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danimisce2 |
| Friday, August 4, 2006, 4:52:34am |
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Hey Josh, LBIX is my favorite for now. Can you see a bull flag on it? D.  |
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MauiTrader |
| Friday, August 4, 2006, 8:34:02am |
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dan, yes I could. I still would like to see LBIX go sideways more before its next move up just to help maximize my risk/reward ratio. |
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huajian_us |
| Friday, August 4, 2006, 9:16:33am |
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Another group attemped break out fails, eca, cvx, ep |
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MauiTrader |
| Friday, August 4, 2006, 9:18:30am |
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If anyone bought these breakouts, they definitely do not know how to read charts at all. All of these stocks are creating the ugliest bases I can imagine creating. Disgusting charts. |
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ORKiter |
| Friday, August 4, 2006, 10:41:25am |
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josh, nice play on CXW - its a screamer ... |
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huajian_us |
| Friday, August 4, 2006, 10:56:56am |
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CXW, on the left hand side, it forms a up channel ( almost a berish wedge ), then a bull flag pull, a long tail, then break out. At the pointing of the wedge, I almost think that it will break down, did I miss something here ? |
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MauiTrader |
| Friday, August 4, 2006, 12:37:26pm |
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What wedge? Yes you did miss something there is no wedge.
When I went long it broke out of a base on base with high tight flag pattern. Since then I don't know what the bases are because they are all LATE bases.
CXW is a beauty but as always I don't like to celebrate any victories or else I would have been going wild over the 5.5% gain yesterday in IMA. Now it gives back most today.
Remember when I was up 550% in ERS. I wasn't bragging. I was telling everyone to sell.
I have tons of pretty charts that are acting extremely well in this market but I don't like bragging because that is when the market hears you and says "oh, that is a nice stock. take that." |
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MauiTrader |
| Friday, August 4, 2006, 1:36:07pm |
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One possible new swing long so far is
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