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*locked* Alpha Picks
#1
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...post here your trade transactions and recos, we'll track your performances, be guided on our hyping policies lang ha? as we are watching...newbies also are watching din so be extra careful talaga...we do not want you to be reckless and drag along our newbies ok?

...alpha, you can start na, anytime

...thread title is to be renamed after an appropriate one is found

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#2
(09-20-2011, 12:02 AM)Ollie Wrote: ...post here your trade transactions and recos, we'll track your performances, be guided on our hyping policies lang ha? as we are watching...newbies also are watching din so be extra careful talaga...we do not want you to be reckless and drag along our newbies ok?

...alpha, you can start na, anytime

...thread title is to be renamed after an appropriate one is found

Admin

thanks a lot! Big Grin

"stock trading is already hard and keeping stock analysis harder makes trading more complicated. let's make trading simpler by keeping things simple."
check my blog at http://priceactioncheatsheet.com/
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#3
reposting my bhi analysis here:

"it takes buying to lift a stock higher but they can also fall under their own weight"

UPDATING BHI STUDY:

based on chart, i believe BHI is now susceptible to profit taking especially above .50 level specifically between .51-.53. although it is still subject for confirmation, relative strength index (RSI) is now failing miserably to go above than the previous high that was set while stock price is going higher....thus, there is a suspected bearish divergence that may be forming.

of course my analysis will mean nothing if the price doesn't confer with it and so we have to look at price action.

- for aggressive swing trader, the new bear and bull pivot line lies now at .48. bear below it and bull above.

- for position traders, reversal point confirmation level or point where trend will change from up to down is set at .44. uptrend above it and downtrend below.

*again all bets are off if bhi close below .44. (any future re-entry price after selling will be for re-evaluation)

*remember points given above are based on closing price. usually clear price direction of a stock is seen better during 2nd half of trading or near closing.

numbers don't lie...let price action dictate.

happy trading! Big Grin
"stock trading is already hard and keeping stock analysis harder makes trading more complicated. let's make trading simpler by keeping things simple."
check my blog at http://priceactioncheatsheet.com/
join me at facebook http://www.facebook.com/Priceactioncheatsheet
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#4
[HOLD]: BHI should continue the uptrend if it close above .50 today but less than .53. Cut loss should be at .46. (although I entered cheaper than this). At .46, you can expect a retracement at .42-.44. I agree with Alpha that it's not logical to chase this right now. Lets wait for it to solidify to determine the actual cue if its to break .53 or not. (However, waiting for it to solidify might be too late!) A break of .51 today will be a good signal but the price fluctuates fairly well during the day. Don't chase and wait for impatient trader to unload and just post your catch. Possibly below .49. Also, monitor closely. A break of .46 should make you think of cutting out.

[BUY]: Another interesting stock for me is ICT. Although I dont have a share on this one yet.

Its been consolidating on the P50.5 until last week where the consolidation target is now P51.20. It seems that it needs more push though but at the current price, my personal opinion, its setting a strong base for a move up.

Remember, this is a monopoly owned by Razon, a crony of FG. Until the privileges of ICTSI is removed, it will continue to go smoothly up mid-to-long term.

[BUY]: SCC has great upsides. I don't know why but it keeps coming on my radar. It keeps beeping and beeping. Can somebody give an explanation why?

[BUY (mid-term 3months)]: EDC has had its new highest low at 5.80, 3 or more weeks past and its consolidating on a narrow 2-3% price range. 6.10-6.25 for more than 3 weeks. Anything below 6.07 is gobbled up by institution buyers. This is a mid-term buy currently as we are nearing the yearend. After the yearend, you can take profit and re-enter lower. This is a low risk stocks that you can keep long-term. This is a low-gain/low risk stock. Possibly, take profit on 2-3% gain every now and then. The TP, I think is just around P6.70-6.80. Extremist might push this to some intraday high near or at December.

[SPECULATIVE BUY] Yesterday, there was movement on the PWR stocks. Although, personally, its a bit risky to own given the hype and burn history, this is a good play for experienced traders as day trade or very short-term trade.

[SPECULATIVE BUY - short term plays] I would probably be the one to say and shout that BSC should be at the lower .20 level. Around .21 -.23 exactly. But for some reason, its getting support at .28. And, sometimes plays on the .3050-.33 level. Because of this volatility and the support at .28 where you can have eager buyers to catch, the stock can be played every 2-3 days for 5%-10% gain. Just don't be greedy thinking it can go to the .38 level. Its a longshot unless some big money plays this.

[SPECULATIVE BUY - short term plays] ELI is a speculative buy right now for short term players. Its below .7 right now and the past year, the stock plays around .71-.73. Some extreme trading due to rumours jacked this up to .88-.90 before. But an understanding of some historical price action can make this a profitable play. BUY below .7 and SELL at .72-.73 above. Thats a 4-5% upside every week if you ask me.

[SPECULATIVE BUY - long term] SM entering into the casino business is a boombastic way to profit given the profitable business of gambling. Remember during the tabako days where certain stocks flew to the moon because of gambling licenses. I'm just confused which entity the casino will fall given that there's SMPH, SMDC, SM. Who can tell which will own the casino?

[SELL] I personally think PX is overpriced right now but I know there are a lot of articles and wannabee expert comparing rise in gold prices to price of PX. When PX hit P21-23 2-3 months back, I stayed away. Even under new management from MVP. Although some will play this to get the most juices from other investors.

Psychological support is at P22. I would BUY below P20 though, for short-term play. Also, Oil might take the attention of Gold as we near the western Winter

[WATCH LIST] TransAsia (TA), PNX. Oil is big during the winter season. I'm just waiting for the right timing to enter so my funds won't be held for so long just waiting.

----

I'm now experimenting on a new chart of stochastic RSI for intraday trading. So far, it was beeping on buy when BHI was still at .4850 although i think it was high and beeping to sell at .50 although I thought it was still low since it broke the psyche resistance. So my post at .52 was not fulfilled. So far, so good. Accurate pa naman.

This is based on the rate of the rate of change of RSI. hahaha... so, its telling you if there are momentum of buying after a selldown. Its practically saying, when can you sell and when can you re-enter based on RSI.

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#5
Pede siguro title: Kuro-kuro (Walang kukurap) wahihihi
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#6
good morning to all! Big Grin

no buy recommendations from me today as Europe and US situation remains unstable at this time. everyday there is an increasing threat that Greece may default.

besides my stock filter system didn't generate much list that is buyable at this time. maybe this is accordance with the international concern i mentioned above. my system is simply mirroring the chary behavior of the market.

do remember that capital preservation is the key in surviving into this market. we don't want to participate in stocks that are risky or a stock that we can get stuck. we rather own a stock that is pretty much in the early phase of momentum with less risk involve.

"there is a time to be reckless and a time to be cautious...right now i choose to be cautious."

watching bhi and might sell some upm later.

happy trading!
"stock trading is already hard and keeping stock analysis harder makes trading more complicated. let's make trading simpler by keeping things simple."
check my blog at http://priceactioncheatsheet.com/
join me at facebook http://www.facebook.com/Priceactioncheatsheet
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#7
Cooldad's post
"[SPECULATIVE BUY - long term] SM entering into the casino business is a boombastic way to profit given the profitable business of gambling. Remember during the tabako days where certain stocks flew to the moon because of gambling licenses. I'm just confused which entity the casino will fall given that there's SMPH, SMDC, SM. Who can tell which will own the casino?"

BEL po ba?
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#8
Overall, market is very weak. When fundamental market is weak. Its BASURA time. I expect some basura to show meteoric gains today.
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#9
...find a bazura with a story, that would be it... Big Grin
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#10
Aw shucks we lost the lobby. Well, if you cant beet them join them.

I'm watching MWIDE. The strategy is to make a midterm tsupit before ex-div date. Bought at around 10.3 but still below my desired volume. Will be closely watching for opportunities.
The World is a Vampire . . .
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