Seeking Alpha

Gary Johnson L's  Instablog

Gary Johnson L
Send Message
My Blog: http://gary-investing.blogspot.com/ Twitter & StockTwits: GaryLee_HK
My blog:
Gary Investing Blog
  • 1/31: DDD, GRPN, AAPL, NOK, NFLX, ZNGA 3 comments
    Jan 31, 2013 11:12 PM | about stocks: DDD, GRPN, AAPL, NOK, NFLX, ZNGA

    1/31: DDD, GRPN, AAPL, NOK, NFLX, ZNGA

    Labels: AAPL, DDD, GRPN, NFLX, NOK, ZNGA

    (click to enlarge)
    3D System Corp. (NYSE: DDD) has been traded down from $71.89 to as low as $54.01 today. Today's action tested its validity of the support from MA(50). It is also a hammer on chart which signals for a short term trend reversal (uptrend will be back soon!!!)

    (click to enlarge)
    Groupon, Inc. (NASDAQ: GRPN) is reaching back to its high, $5.59, since Sep12 and has touched upper Bband again with a saucer bottoming MA(50). A break above $5.6 will trigger massive buying power and speculation. From the current chart, GRPN looks very bullish and there is no reason to short this stock. Bullish MACD crossover is about to come.

    (click to enlarge)
    Apple, Inc. (NASDAQ: AAPL) I can't address more that AAPL seems to lose its love from institutions and funds managers. First of all, I don't think AAPL will ever get back to $500. Even if it touches $500, there will be a massive liquidating action both individually and institutionally. Tuesday's candlestick shows a doji on chart, which signals the bounce back cannot hold. I shorted AAPL since it was $600 and I am planning to cover my shorts when it hits $400,

    (click to enlarge)
    Nokia Corp. (NYSE: NOK) If you are long NOK, you should be hoping NOK shows similar action as we have seen in DDD. I have a stop at $3.8, roughly 3% below MA(50), which I believe is a major support. It is also important for NOK's RSI to hold above 40 level.

    (click to enlarge)
    Netflix, Inc. (NASDAQ: NFLX) I missed the boat when I sold my NFLX shares at $90.00. But looking on NFLX's chart again, it seems currently forming a flag with decreasing volume along the formation. Watch for a breakout both above or below. If breaks a above, I think NFLX can reach $200.00 in a short time. If breaks below significantly, I would not be surprise to see NFLX filling at least half the gap, reaching $120.00. (50% retracement)

    (click to enlarge)
    I feel so pround that I did not sell Zynga, Inc. (NASDAQ: ZNGA) when it drops more than 10% in two days. Running up 7.11% today tells us its uptrend is still intact. One of the reasons I did not sell ZNGA is that down (red) days has much little volume then up (green) days. My ST target for ZNGA is $3.00.

Back To Gary Johnson L's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (3)
Track new comments
  • kc5sjq
    , contributor
    Comment (1) | Send Message
     
    DDD is a good buy. Roomer is that the Military is looking at 3D systems printers for a militarygrade field printer contract for parts replacement of specific parts during battle.
    4 Feb 2013, 03:07 PM Reply Like
  • Gary Johnson L
    , contributor
    Comments (22) | Send Message
     
    Author’s reply » Thank you for your comment
    4 Feb 2013, 11:40 PM Reply Like
  • Gary Johnson L
    , contributor
    Comments (22) | Send Message
     
    Author’s reply » Yea. I saw that news too
    4 Feb 2013, 11:40 PM Reply Like
Full index of posts »
Latest Followers

StockTalks

  • How far do you think $HPQ can go?
    Mar 20, 2013
  • Is there anyone looking at $GNIN $APP recently?
    Mar 6, 2013
  • Who didn't $ZNGA jump after New Jersey passing online gambling bill?
    Feb 27, 2013
More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.