Stock Picks

[wallstreet]

Update:

Missed an order with IVAN at 2.50 (low 2.52)

BOT HLIT at 7.12, a final order at 6.95 is in

BOT NGEN at 5.60- might buy a final 1/4...might not

[mary]

im buying adbe--reports tomorrow and i think report will be super

[wallstreet]

mary,

I like ADBE quite a bit, you know that the trend lately has been sell on the report..no matter how good it is?

INTC/ TXN most recently..

Ivan is cruising...damn it not getting that 2.50, would be almost a 40% move just today..

[mary]

Originally posted by wallstreet
mary,

I like ADBE quite a bit, you know that the trend lately has been sell on the report..no matter how good it is?

INTC/ TXN most recently..

Ivan is cruising...damn it not getting that 2.50, would be almost a 40% move just today..

ADBE ALREADY CAME DOWN 7 POINTS THATS WHY ITS A STRONG BUY TODAY

[wallstreet]

mary,

Looking at a 6 month chart it looks like the 36 area has to hold or the next support is 33.

I dont buy into strong buy reccos right before earnings either. From my experience buying before earnings is HYPER volitile. You take the fundamentals and numbers out of the pricing and whatever the analysts think will determine the way the stock goes. With a PE of almost 40 and earnings that arent really accelerating it does seem pricey.

Add that it just fell below its 50 day moving average..And be careful that it doesnt drop below its lower bollinger band. That can be thought of as some sort of support.

http://finance.yahoo.com/q/ta?s=ADBE...=m50,b&a=ss&c=

I would ease in with a position...step in with 1/4 or 1/3 buys.

GL

[savage1]

Wallstreet-do you think I would be chancing it by buying ivan at current price?

[wallstreet]

Savage,

I am pissed about missing the buy..its up nearly a buck from that price.

Looking at the price and where it came from I think it is still over sold. I am holding for an over 4 price.

What made me wonder is that this drop from 7 was based on no news..and IMO todays move is a short covering move and a high volume move. It was shown in Briefing.com as a volume mover..and that attracts day traders.

Go in wisely and dont throw it all in with one purchase.

I would buy where it came down to off the 3.48 high, which was 3.35 or so..but if you had to be in, just go in slowly..

[mary]

Originally posted by wallstreet
mary,

Looking at a 6 month chart it looks like the 36 area has to hold or the next support is 33.

I dont buy into strong buy reccos right before earnings either. From my experience buying before earnings is HYPER volitile. You take the fundamentals and numbers out of the pricing and whatever the analysts think will determine the way the stock goes. With a PE of almost 40 and earnings that arent really accelerating it does seem pricey.

Add that it just fell below its 50 day moving average..And be careful that it doesnt drop below its lower bollinger band. That can be thought of as some sort of support.

http://finance.yahoo.com/q/ta?s=ADBE...=m50,b&a=ss&c=
THANKS FOR YOUR THOUGHTS BUT I KNOW THE EARNINGS REPORT WILL BLOW THEIR SOCKS OFF--YOUR LUCKY STOCK CAME DOWN TO GET THIS CHEAP-CHARTS DONT TELL ALL,THIS TIME OF YEAR
I would ease in with a position...step in with 1/4 or 1/3 buys.

GL

[savage1]

Wallstreet- Thanks. I was planning to grab no more than 1000 shares more as a hold than to trade.

[wallstreet]

Savage,

I have Level II quotes and just so you know it has attracted the hated MM I mentioned last week.. ATTN.. they are here and that means they will go in with huge size and try to penny the hell out of it.

They will throw on 16k with no hesitation to bluff other MM's to back of orders and try and bring a stock down.

Seeing them in the mix to me means one of two things.. It will NOT see highs for the rest of the day, and will base within a narrow range..or the opposite is they get loaded up on the short side..which is the side they always attack from..being naked short.. (right now they are showing 25k at 3.39) and if they get roasted the stock will go way higher...they will cover and run with their tails between their legs.

Now they are showing 40k at 3.38

Anytime you see ATTN you know it is being intentionally manipulated to their benefit.

FWIW

[savage1]

Wallstreet-as it appears that my post didn't go through, I will repeat it.
First of all, thanks again for response and keen insight re: stock price movement and the mm's;im don't trust any of them.
I just grabbed 1000 shares of the stock at $1.37;lets see what happens.
Please keep my appraised, as I might sell or even add to my position depending on what you say and my own dd..

[savage1]

Uh Uh-it looks like they are letting the air out of the balloon.
Well, as stated this is not a trade,and if fundamentals are there, that is all that matters.

[wallstreet]

Savage,

It is hanging in there just groovy..this market has me puzzled on a few really good stocks. Somtimes a stock gets hammered cause of another in the group, other times is because of some lockup expiration on a secondary and other times it is because some news isnt out that many know and are selling in front of. In some cases it is just a buying opportunity that presents itself..

I am referring to IVAN..and HLIT and a few others.

IVAN got creamed for reasons I cannot find, and likely some piling on by shorts who love to hit stocks that are down. HLIT I am not sure what is up with it, but I have been buying all the way down and will keep doing so until there is a bottom in. It is down again today for no reason I see or find..and I know this stock well. So I will buy and nibble and buy until I get the news..in which I exit or I get paid..

The NAZ is acting really poorly and has done so since it hit 2k (I didnt see it actually go there, but it shows that it did and has dropped 5% since then..and if you watch the index it is really underperforming the DOW and the SPX.

When the market sells off and high beta stocks sell of for reasons that are unrelated to them, it is a great chance to take advantage and that is what I am doing.. stocks like HLIT, TERN, VTSS, MRVC, SONS and others are ones I can feel decent about owning in the red for a bit..wheras NGEN I am not so confident in holding in the red for long.

So if I post an exit trade on a stock and it doesnt make sense why, make sure you ask..

IVAN acting very nicely..and of course ATTN is on the offer at 3.42 with 56k shares..those bastards..

[wallstreet]

Savage,

HOD on the stock...and ATTN is getting kicked in the a$$..

I love it..

edit) geez...I took my eye off BNKUZ today..saw it around .14 and looks like it went to .13 then to .20

Amazing

[savage1]

Wallstreet. I will watch hlit also.
Here's a question for you:
Since Orlando finally covered the other night, would you "short" them tonight or go "long?" Maybe just "hold" and do nothing. lol.