US Stocks To Watch by Vulcans who trade for fun

[MARKETWAVES]

Dick Chaney is a politician, right?
He is the vice president, right?
He is also the Ceo of Haliburton, right?

Do you think being Ceo, that he owns shares of Haliburton?

Do you think Haliburton has been awarded any Long-term contracts?
Well, you think about this

More importantant....Do you think Haliburton is in a slump right now ?
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The answer is no ..... I dont think they do insider trading.

(and besides this is not the point being made here.)

The idea here is to be aware of politicians awarding
contracts to big business and how it will affect their
bottom line so that you can possibly look for an
opportunity to get in and share in the glory.

By the way the same goes for Boeing
they are awarded contracts-
...Do you think they are in a slump right now?

THE LIST GOES ON -----

 

[RichKid]

-Here are few things to look for ..........
to find stocks that may be going places .

these are the categhories

Category #1
- Learn to gauge competition within a marketplace or industry

Category #2
-Look for stocks that have been in debt for a long time and just paid off thier long term debt within .......

And I'm sure you've got EW in there as well! Sounds like a good method.

webs, apologies for the delay, NEM is the code for Newmont (same for NYSE and ASX). MW had some great charts on NEM elsewhere on ASF, not sure if this is the best time to buy as gold is due for a correction, maybe MW will update the NEM charts, looks like an intermediate wave 2 is completing or has completed.

 

[MARKETWAVES]

Rich , I have given 6 diffrent criteria

I see you have picked the two that intest you the most ,
Currently I have 4 others in which to pay attention to.
- maybe I share them with you some time

Please understand by background in trading ... I learned Elliott-Waves trading Futures and Commodities.

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Elliott waves do not work well in individual stocks, in fact I don't
recall any of Mr. Nellson Elliott's work being in any individual stock.
so , please understand that Elliott-waves is not relevant here ...

Candlestick Formations are more important ( in stocks )

Let me repeat ..........

Candlestick formations are more important in trading stocks.
they are more important than earnings and volume ...

Remember OST that I pointed out to you this week. It has a great underlying story, but it was the candlestick formations in those charts that told me more than anything that support could hold ... they were whats called tweezer bottoms in Candlesick formation Language.
well, you know what happened to that one this week.

The Dow Jones and the Nasdaq fell off a cliff yesterday but OST went up in a sea of red ink out there. If it does well in these circumstances how will it do when the over-all markets are doing well?

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[RichKid]

Rich , I have given 6 diffrent criteria

I see you have picked the two that intest you the most ,
Currently I have 4 others in which to pay attention to.
- maybe I share them with you some time ................
...........

Remember OST that I pointed out to you this week. It has a great underlying story, but it was the candlestick formations in those charts that told me more than anything that support could hold ... they were whats called tweezer bottoms in Candlesick formation Language.
well, you know what happened to that one this week.

The Dow Jones and the Nasdaq fell off a cliff yesterday but OST went up in a sea of red ink out there. If it does well in these circumstances how will it do when the over-all markets are doing well?

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Good point about EW, I've heard many say that futures charts and highly liquid blue chips seem to be more suited to classic EW. I'll post more in the OST thread about the stock, ran into resistance yesterday. Fascinating reading about your method MW, maybe it deserves a separate thread if you prefer....
I'm reading with interest, not many people use candlesticks like you do.

ok, I'd better not take this off topic.

 

[MARKETWAVES]

Hi MW,
That's a great method, I've had a look at the thread, I keep an eye on some of those factors but haven't really thought of it all before as a method, politicians have less of an effect here in Oz but it's a good point. It's a shame I couldn't take advantage of AKAM as it was listed overseas. I look for niche technology co's too but there aren't that many of quality.
Rich

Rich, there are opportunies right there where you are.
ask Nick Radge.....

.....It's just matter of understanding the chart formations themselves and the industry group that the the stock that you are interested in is poised to do . You can't just trade a good story in isolation. You cant just trade because you have to learn to identify dips. The best way to see dips by the way is on a longer term weekly or monthy charts . If you just pay attention to the daily charts you are wasting your time.

 

[websman]

Thanks for the ticker symbol Richkid, I'll check it out...

Wow...The U.S. market is in the middle of a correction...I saw some of my profits dwindle the past couple of days. I'm looking for the market to recover on Tuesday.

I did take profits on CFK today...unfortunately, I didn't get the amount of profit I could have.

I had a limit order fill on NXG today. I bought it at 4.06, which was the low of the day. It closed at 4.32. Maybe it'll hold???

If the market doesn't come back on Tuesday, it'll be time to sell my long positions and join the shorting party...


Interesting stuff Marketwaves! I'm liking what your posting.

 

[RichKid]

Thanks for the ticker symbol Richkid, I'll check it out...

Wow...The U.S. market is in the middle of a correction...I saw some of my profits dwindle the past couple of days. I'm looking for the market to recover on Tuesday.

webs,
Here's the NEM thread for the US listed stock, any comments on it should go there, easier to follow the discussion that way: https://www.aussiestockforums.com/forums/showthread.php?p=20903#post20903

 

[websman]

webs,
Here's the NEM thread for the US listed stock, any comments on it should go there, easier to follow the discussion that way: https://www.aussiestockforums.com/forums/showthread.php?p=20903#post20903

Thanks Richkid...You Aussies are so organized, and we Yanks are so sloppy...Ahhhhhhahahaaaaaaaa!!!

 

[MARKETWAVES]

Hi webs

Thanx for posting that link above,

I saw that one coming - clearly ......
I havent talked to DTM in some time now,
as I was directing most of that post to him. I wonder what markets he is watching these days.
////////////////////////////////////////////////////////////////////////////////////////

The main lesson in that postNEM( Base Building )...
is learning to look for a Solid Base in your travels as you look for a trading oppotunity.
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Stay away from break-outs, ( the word break-out is profanity )
- Stay away from markets that are overbought - its too late!

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It took from May to October for that trade to materialize---
as you see it takes time -

To see my thinking on locating Sound Bases in a market-
click here
https://www.aussiestockforums.com/forums/showthread.php?t=1432

 

[StockyBailx]

Well alright fellows so you say? For all those who missed out GOOG I know of a few stocks that might make it worth your while. These are good momentum stock and show a lot of promise.
TIE and HANS have been moving very well at top dollar much like GOOG for the last 18 months. If there to pricy have a go at these two, very well positioned with a lot of momentum going for them. They are UPL and JOYG. If they don,t tickle your fancy or twist your ears.
-Have a go at SNVH- Synova Health Care, a well profound penny that has moved in leps and bounds in the last 3 months to 2.24 and looks to continue with it momentum and touch the sky. http://finance.yahoo.com/q?s=SNVH.OB
I think SNVH will cladly make up for any losses incured in the past.

Stock'ie'Bailz

-----A Penny a day keeps the doctor away-----

 

[websman]

I won't be taking on anymore long positions until the market looks a little better. I'm in a wait and see mode. I wouldn't mind a good bear market, as long as it stayed that way for a while. I could think of some nice short positions.

One short candidate right now is AIRM. I may take a position and ride it down...

I did buy NXG at $4.06 on Friday. It closed at $4.32...

 

[MARKETWAVES]

Webs , don't sound so discouraged
You actually have some good picks ......
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There is a broad sell of in the markets as you know right now
interest rates went up last week again thanks to the Fed remember .

How could that be good stocks ?
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Here's is Qualcomm ... - Got my eye on this one '
- You know who they are - No need to give a story to explain ......

All that matters is that it is dipping ...... Wishing for this to dip to around $40-$42

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Well , you watch
some one reading this post will ask " why won't you short it then?"

Don't think this way ,,,, please

Trading is about buying dips - We have had a 4 day broad based sell off ----Be happy .... Be on the lookout !

 

[websman]

Qualcomm... Nice pick Marketwaves. I'll keep an eye on it.

I'm not really discouraged, but I sitting in 100% cash, until a good buying opportunity happens. I actually consider this drop as a good thing. We've been due for a correction. I'm looking at the possibility, however of a larger correction than just a few days...not saying it will, but still a possibility. Neverless, I will probably take a few long positions, but will set my stops tight.

For now, my cash is looking good. I didn't lose a dime today!

Off topic...but I just got to say... Australia rules! :aus:

 

[websman]

I'll be looking to go long on PARL Monday. I'll chack the charts before I make my final decision, but I believe this one is just about ready to run again.

Hey Marketwaves... I tried to PM you, but your inbox was full. thanks for the message!

 

[MARKETWAVES]

Hi there webs ....


Today the news is talking up the Vonage IPO....

you the VOIP guys- ( phone calls over the internet) ....

Don't you think they are a little late to be Going Public ?
- What do you think of thier future .....Is it bright ?

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[websman]

Hi there webs ....


Today the news is talking up the Vonage IPO....

you the VOIP guys- ( phone calls over the internet) ....

Don't you think they are a little late to be Going Public ?
- What do you think of thier future .....Is it bright ?

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I'm not big on Vonage. It's ok for international calling, but for domestic, cell phones are dominating.

 

[MARKETWAVES]

WAIT ....Webs

I am asking about the companys prospects and its ability to gain marketshare and grow the company .
This is what investors think about ..... Do think its a winner ?
Do you think it can grow . Do you think it can stage off the competition ?

Well , its big thing over here .......

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So much so that Google and Yahoo just got into ......

So , this isn't about if you use it or not-....no pun intended .

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and if its a big thing in America its gonna be a big thing elswhere in the world , its just a matter of time ..

We are talking abou telephone calls here ... ( A staple of life )

So I ask you again ......

 

[websman]

WAIT ....Webs

I am asking about the companys prospects and its ability to gain marketshare and grow the company .
This is what investors think about ..... Do think its a winner ?
Do you think it can grow . Do you think it can stage off the competition ?

Well , its big thing over here .......

------------------------------------------------------
So much so that Google and Yahoo just got into ......

So , this isn't about if you use it or not-....no pun intended .

---------------------------------------------------------------
and if its a big thing in America its gonna be a big thing elswhere in the world , its just a matter of time ..

We are talking abou telephone calls here ... ( A staple of life )

So I ask you again ......

Hahaha! Ok, ok...I'll look into it a little more, just as soon as I get time. I couldn't say much else without doing the proper research.

My time is going to be limited for the next four weeks, because I'm taking a couple of classes in the evening for my job. I'll try to find some time this weekend to check it out.

 

[websman]

Ok...Back to Vonage. It looks like the IPO was a big failure.

I'm still not big on Vonage, because of the fact that there are too many other ways to make a phone call. Cell phone service is much bigger here in the U.S. I'm still using a regular phone as well as a cell phone.

I'm sure that Vonage will have some success, but I just don't see them taking over the world. Of course, I could be totally wrong here...

I still have much more research to do...

 

[websman]

I'm still in cash and glad I am...

I'll be looking for short setups until the market decides to turn around. Why fight the trend?