Well, the Dow is about 100 points away from critical support, IMO. 9437 is 50 day SMA. I'm convinced it'll be tested in the next few days. I've been bearish on FSLR, SNDK, ANF, BIDU, RIMM and PCLN. Bullish on HGSI with a covered call. Let's see what happens.
Well folks, I'm getting ready to batten down the hatches. I'm looking for some extreme volatility next week. I'll keep you posted on the danger areas, but the Dow goes lower if it cracks 9382+/-, IMO.
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I don't know any of the fundamentals on this stock, but the technical side, IMO, is very bullish. With the big volume and penetration of the 50/200 day SMA, I see $2 in a very short period of time.
I search for stocks using tech methods. SQNM showed up on my radar today. Might be a buyer and writer of calls for the short run. Thanks for your options recap.
Technically, that's how I look @ stocks, I don't see the bullishness, especially on FSLR. When FSLR cracked the 50 day SMA a little while ago @ the 150 price area, that, to me, screamed lower prices.
I really don't see support for FSLR until around the 100-105 area. Resistance is around 146, based on my work. Check out my comments on this site from early August. I like the company, but the time to buy, IMO, will be in the autumn.
I don't usually look at news items, but losing a CEO and Exec VP in the same year can't be very positive, IMO.
I'm a tech guy when it comes to looking @ stocks and their expected future prices. I know next to nothing about this company, but came across some data I track and it "popped" up.
I expect this company, BPOP, to move to the $3 area within a few days or weeks. On Aug 18th, it penetrated it's 50 day SMA and has remained above that line since. With the huge volume it's showing, if it gets through $3, this could be a multi-bagger, IMO.
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Technically, I don't see the bullishness, especially on FSLR. When FSLR cracked the 50 day SMA a little while ago @ the 150 price area, that, to me, screamed lower prices. I really don't see support for FSLR until around the 100-105 area. Resistance is around 146, based on my work. Check out my comments on this site from early August. I like the company, but the time to buy, IMO, will be in the autumn.
Now that FSLR has cracked the 130 area with the downgrade from Jefferies, if it doesn't hold here, the next area of support is around 105, IMO. If you are long, I would suggest purchase of 1-2 month puts. If you are looking to acquire more, wait until next month, again, IMO.
Now that FSLR has cracked the 130 area with the downgrade from Jefferies, if it doesn't hold here, the next area of support is around 105, IMO. If you are long, I would suggest purchase of 1-2 month puts. If you are looking to acquire more, wait until next month, again, IMO.
Looking @ the chart today, if FSLR closes below $130+/- $1, I see the next price level around $100, IMO. I'll keep current near term for those that care, lol.
With today's market action (up) and the disappointing price action of FSLR (down), I would have to say the tech analysis looks correct for lower prices on this stock. The support looks fairly good in the 130 area. If that gets violated, then I'll take a second look to see where this stock might be headed, IMO.
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I really don't see support for FSLR until around the 100-105 area. Resistance is around 146, based on my work. Check out my comments on this site from early August. I like the company, but the time to buy, IMO, will be in the autumn.
I don't usually look at news items, but losing a CEO and Exec VP in the same year can't be very positive, IMO.
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I expect this company, BPOP, to move to the $3 area within a few days or weeks. On Aug 18th, it penetrated it's 50 day SMA and has remained above that line since. With the huge volume it's showing, if it gets through $3, this could be a multi-bagger, IMO.
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