Two New Speculative Long Positions For Monday’s Stock Market Session

February 22, 2008

Both of the new longs for Monday are extremely speculative but they both have something in common going for them: they are both in sectors that are leaping up the list based on price performance. There is no doubt which stock chart I like better, and that is NCOC, but the weekly chart reminds me how much work this stock has to put in before it can clear enough resistance to be a possible great long. However, the chart is hot since the end of November and gold as an industry overall has been one of the most bullish sectors in the market. That definitely makes this stock worth a big poke but not a huge investment. KMR is part of a hot sector and its chart is very beautiful from the August lows/reversal. But this is another stock that has poor fundamentals thus making this long another poke and not a hopeful big win. Still this chart and sector is strong enough that we should be getting some solid gains from this one. However, in this market, cash is king for newbies and the experienced should continue to keep longs and shorts small. We must continue to be careful and protect capital in this market.

new speculative long positions: NCOC KMR

NCOC is bouncing off the 50 day moving average, breaking out to new 2008 highs, and nearing a breakout to a new 52-week high, on strong volume. This stock was in a very pronounced overall downtrend until it finally put in its lows in a very quiet fashion back in September. After a slow start, the stock finally took off in December on strong volume with BOP going to the max green territory until it topped out at the end of the year. Since then it has pulled back to the 50 and 200 DMA bouncing off of them in a V-ish fashion. But as the base goes on, it has rounded/flattened out a bit and yesterday and today’s heavy volume pop with BOP going green and moving higher. Confirming the strength, the moneystream and RS line are hitting new highs, while the price is still below the December highs. Newbies should keep this small, if they decide to trade it, due to the poor fundamentals. Cut your loss with a close below the 50 day moving average, if the stock does not move higher immediately.

KMR is putting in a very bullish intraday reversal, closing at its HOD, bouncing off support near the 50 day moving average, on strong volume. After being off my radar screen (stock was under the key moving averages) for a long time, the stock finally showed back up in my scans this month. I was quite surprise to see all the accumulation and green BOP in the chart from the August lows. The amount of heavy accumulation and green BOP caught me by surprise but today’s bullish candle, volume, and BOP pattern was a bit more so. You can clearly see on this chart all the accumulation in Aug, Oct, Nov, and Feb, especially. When you combine all the sporadic green all over the chart with the slop of the moneystream and RS line you know you have a very bullish stock. And with it being very close to the cut loss area, with this bullish candle, a poke is worth. This is a poor fundamental quality stock but the stock price is over $50 a share so newbies you have my blessing to trade if you like. Cut your loss with a close below the 50 day moving average, if the stock does not move higher immediately.

Last 5 posts in Free Archives Longs

Posted by Joshua Hayes | Filed Under Free Archives Longs

Comments

RSS feed

3 Comments »

Comment by JOE CASTAGNARO

2008-02-23 15:22:36

on the google finance site you said your longs are; AUXL, MCF. IHS, PTEC, CCC, MA, RICK, Plain and simple. I have not been able to find these in an easy to find area on your site. are you not open to site improvements

Reply to this comment

Comment by MauiTrader

2008-02-23 21:00:07

ok newbie, I apologize for this site only being here since October–what do you want me to do?

It was impossible to understand your first statement/question in a December 8th post.

I reco’d them a LONG time ago. Do a search for them at InvestorsParadise. If you can not find them it is becaue the PURCHASE DATES WERE MADE WHEN WE WERE AT INVESTORSPARADISE.COM. THEREFORE YOU WILL NOT FIND SOME OF THE DATES IN HERE!…we started THIS site in October 2007. ALL of the purchases were made while at IP, minus the possiblility of RICK was purchased in early/mid October.

If you want access to this, somehow you must get MarketSpeculator (Chris Maye) or Justin Demerchant to get it for you. We have NOTHING to do with that site. But ask the OLD MEMBERS who remember this….if you don’t believe me. LOL. oy.

As for site improvements…..don’t pull that crap on me. Trust me we CONSTANTLY improve this site…IT IS A BABY. GIVE ME A BREAK. We just had a site review from a professional who has bad mouthed other sites and THEY LOVED OUR SITE. So whatever bro. Just relax and take your time. You newbies always think you can improve the site without realizing your newbieness is the reason why the site is difficult.

ASK ANY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ONE WHO HAS BEEN INVOLVED IN THE MARKET FOR MORE THAN FIVE YEARS IF MY SITE IS HARD TO NAVIGATE. THEY WILL LAUGH IN YOUR FACE!!!! IT IS AS SIMPLE AS I CAN POSSIBLY F’ING MAKE IT. :)

AUXL still long

MCF still long

IHS still long

PTEC still long

CCC still long

MA still long

RICK still long

not open to site improvements….i think eliminating all newbies that get cocky should be my first step.

It seems I NEVER!!!!!! have ANY!!!! problems with people with more than one year experience. It is ALWAYS the newbies. I am not sure you are a newbie but if you can’t tell via the archives and % return that I bought those stocks a long time ago, then YOU ARE A NEWBIE. I am NOT being mean…I AM BEING HONEST.

You know that thing Barack Obama can not do!

But whatever….your VERY FIRST statement was hard to understand and it was NOT “plain and simple” no matter what you think. Learn how to ask questions properly and you wont have to say “plain and simple”

“plain and simple” THIS SITE STARTED IN OCTOBER 2007. BEFORE THIS WE WERE AT INVESTORSPARADISE FROM JAN 06-OCT 07. That is where you will find those longs…..PLAIN AND SIMPLE.

Where you will find the future 500%-2000% winners…..ME!!!!!! Just like I have in EVERY bull market I have been a part of since I was 16 years old.

History ALWAYS repeats itself. It is NEVER different.

God bless, great luck, THIS site has only existed for four months, learn, relax, and DO NOT trade this market.

Maui No Ka Oi—pumping surf, beautiful women, warm weather, sunshine, and great food. WHAT A GREAT DAY!!!! TODAY WAS.

btw everyone, in the new Sports Illustrated Swimsuit issue you can see the HOTTIE Tori Praver from Maui. Check it out!!

have you gone here to see my past:

http://www.bigwavetrading.com/category/investment-longs/past-big-winners-longs/

There will be more!!!!!! ALOHA!!!!!!!!

Reply to this comment

Comment by MarketSpeculator

2008-02-25 04:46:26

Joe -