SP 600/NYSE Lead Stocks Higher As Stock Indexes Post Decent Gains On Mixed Volume; The Big Trend Is Still Down

February 25, 2008 | 10 Comments

One thing that I love more than anything else is when I open up the ‘Big Picture’ by IBD and see the exact same thing that was on my mind being spoken of immediately.

Posted by Joshua Hayes | Filed Under Bronze Commentary

One New CANSLIM Long Position, Two New Speculative CANSLIM Long Positions, Three New Speculative Long Positions, And One Stock I Am Adding To My Existing Long Position For Tuesday’s Stock Market Session

February 25, 2008 | Leave a Comment

There are a lot of nice longs out here tonight, and as long as you LISTEN TO ME!!!! and cut your losses with closes below where I tell you to, you will not have any problems. GEOI is the most speculative out there tonight but even that one is relatively safe with the stock bouncing right off the key 50 day moving average. But the other speculative priced stock–XIDE–has had some amazing EPS and sales growth recently. Along with that, estimates for next year are huge and the fund ownership has gone from 11 to 28 funds holding the stock in the past four quarters. So obviously this is a real! “stock under $12.”

Posted by Joshua Hayes | Filed Under Free Archives Longs

One New Short Position For Tuesday’s Stock Market Session

February 25, 2008 | 2 Comments

I don’t recommend ANY newbie take this trade. Just study this chart pattern and realize this can lead to some big gains. In this market, with the short-term trend being up, newbies just don’t need to be short. For the pro’s, if you go short this, definitely do not make it any more than a few % of your portfolio as it just is not ugly enough. However, any time you reverse a breakout attempt so quick (less than a month), it is very bearish and the odds of this stock going lower are greatly in our favor. Keep it small or don’t keep it at all. It would also be nice to make some money on this stock as a short, after making a 25% gain on it last year.

Posted by Joshua Hayes | Filed Under Free Archives Shorts

ONXX 5-19-03 to 5-7-04

February 25, 2008 | Leave a Comment

ONXX gained 533% in eleven months and two weeks. 455% in eleven months and almost two weeks, 428% in eleven months, and 371% in ten months and three weeks.

Posted by Joshua Hayes | Filed Under Best of 2003

New Longs and Shorts for Feb. 25th

February 24, 2008 | Leave a Comment

New Longs:Â NCOC KMR

New Shorts:Â HLEX

Posted by MarketSpeculator | Filed Under Current Picks

Late-Day Bullish Reversal Off The Lows Keeps Stocks From Hitting New February Lows; Volume Remains Below Average, For A Full Second Week In-A-Row

February 22, 2008 | 39 Comments

What looked like was going to be the session before a possible breakdown turned into a bullish reversal by the close, after word of a bailout of the bond insurer ABK. Now, I am not here to discuss the ethic of CNBC of this news and to be honest I could really care less as I think watching CNBC is a waste of time (I just tried to watch it again, recently, and that lasted 30 days). So if you were watching your charts intraday, the spike looked the same as it did on CNBC. It really doesn’t matter what the news announcement was and anyone that thinks that this changes anything must not remember the last time CNBC did this last month. LOL. Different players, same game, with CNBC. You are best to just turn it off.

Posted by Joshua Hayes | Filed Under Bronze Commentary, Free Commentary

One New Short Position For Monday’s Stock Market Session

February 22, 2008 | Leave a Comment

The late day reversal had a very short-term bullish feel to it and, of course, put tails on almost every stock that qualified for my shorts scans. But there were a few stocks that closed weak and one of them did so from a very bearish pattern where the stock’s price is reversing a breakout from the month before on strong volume. The reversal-breakdown of the breakout that has taken the stock below the 50 and 200 day moving average should be bearish for this stock. Just in case the stock does not breakdown right away, the good news is that the cut loss area is just slightly above where we are going short putting us in a very excellent reward to risk ratio.

Posted by Joshua Hayes | Filed Under Free Archives Shorts

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

February 22, 2008 | 3 Comments

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.

Posted by Joshua Hayes | Filed Under Free Archives Longs

NTES 7-30-02/10-29-02 to 10-13-03

February 22, 2008 | Leave a Comment

NTES is being posted much later than SINA and SOHU because I did not load up on NTES like I did SINA and SOHU. Instead I got in NTES way before the other two but from those early small longs, a move below the 50 DMA scared me out of most of the longs. However, a better setup followed and I was able to pyramid into this stock a couple more times, making this a pretty great long despite it not being an extremely large position. From my very first small purchase (too bad I didn’t load up, huh?) to the ultimate top of this run, this stock gained 3,700% in 14 1/2 months. Once again, another huge winner that avoided short-term capital gains. However, this position did not affect the accounts like the real purchases did from those purchases below to the top, these buys gained me 1540%, 815%, and 320% within anywhere between 7 1/2 months to 11 1/2 months. Another great long in another great bull market. The market we are currently in is the exact 180 opposite of the market of 2003. Patience will be rewarded, like it always is.

Posted by Joshua Hayes | Filed Under Best of 2002