Trade Thread March-May

[savage1]

WS-As usual your points are well taken, and I guess honestly, I have to try to remain optimistic considering that I have by my standards quite a few shares(it obviously is only a fraction of some of those posters who were bragging they had 200000 or more shares-don't see them bragging now).
Re:cln-yeah it is up a few cents from the lows, but it gives me about as much excitement as seeing the Red Sox losing 12-0 an then David Ortiz swatting a homerun in the last of the ninth to break the shutout and make the final score 12-1.

[wallstreet]

Savage,

Here are the nasty 40's..

yucck..

[savage1]

Hi WS-I may regret it but I just added 4000 shares at .47-you gotta believe!!! lol

[wallstreet]

Savage,

There is some SERIOUS distribution today.

I am still in this, was a stupid decision to not sell back at a buck..maybe shouldnt have bought at all. After reading what I did, first instinct was right.

Looks very ugly..I think it goes to 20 cents. Looks more like a CLN every day!

[savage1]

Ws-I hope you are wrong but fear you may be right.

[savage1]

I added 4000 more yesterday at .395;I may sell these trading shares in next few days-hoping for a little higher price.

[Stallion692]

Hi Guys I am Brand new to this site and I saw a stocks section. Some of the stocks which I think will make money are... Google, *****, Time Warner, Encana, Whole Foods, Sears Holdings, Boyd Gaming, Research in Motion, Pfizer.

[RJeremy]

Google is WAY to high for me at least. I do like Pfizer though.

[CoverBoy]

Wallstreet

Hey WS - I'm CoverBoy. We never talked before and I would appreciate your spin on Intel ( INTC )

Chart looking good ... see the "cup with long handle" ? Classic ... I think it goes a lot higher but there are gaps in the stock at $16.40 and $ 16.20 that sooner or later will be filled and have me concerned.

Took a position earlier this month at $24 ... closed yesterday at $27.39.

What's your take? Again, I love the chart.

Thanks

-cb

[wallstreet]

Coverboy,

Interesting you point out INTC. I dont follow the stock because it is a behemoth and until this year has always underperformed the sector. I hadnt pulled up a chart on that stock in months, maybe over a year.

I have always been partial to BRCM vs INTC, but for once INTC is outperforming BRCM by almost 10 percent!

As for the chart..looks like congestion ahead..lots of resistance in the middle 28's as you see it tried for 3 months last year to push through it and failed.

My opinion and take it for what it is worth..if the Naz starts to correct or drop, the chips will fall first and fast. The good thing is valuation even at this level is pretty cheap. I dont have a ton of confidence in earnings growth for INTC..it seems like they have a great quarter and the next could be margin consolidation and a revenue miss. For how dominant they are I just dont have a high level of confidence in them.

The chart looks like a breakout to me, a handle would consolidate more after the cup bottom move has been made..this didnt do that, plus the V drop in mid April isnt really a cup formation either, it happened too fast. I see a double top breakout from highs made in late Nov, mid March and it blew right through both.

Given your basis, which is very good, I would use a trailing stop and be prepared to exit if the market tells you to. The problem is this stock just doesnt have breakout capability, that is why I probably will never own it. Its like owning MSFT, the real gains were made 10 yrs ago. I usually try to invest in the higher beta stocks in the group, the ones with more risk and higher percentage reward.

I would put a 5-7% trailing stop on it, or if you are anxious make it tighter...and know that the double top breakout is now support, so at worst dont let it go below that point.

If this were any other stock and I saw that chart I would think the stock goes much HIGHER..but this is INTC and it just wont. If it goes higher, the rest of the market will too and I would rather be in somthing with a higher beta and more upside potential.

Great looking chart and nice buy. I hope it pushes through that congestion at 28, next stop is that HEAVY resistance at 34.50 or so.

[CoverBoy]

Wallstreet

Thank you so much for your insights and will surely take them under advisement. Thanks also for being so thouough and taking the time.

I just read in Barron's this morning that now that INTC rose in price for the last 13 consequetive business days, no other company has done that in the last 8 years. Guess I timed it pretty well.

Will keep very close eye on it with your guidelines close at hand.

Thanks so much

Have a great weekend

-Neil

[Stallion692]

Intc

Intel is great hold on to it man.

[savage1]

Wallstreet how are you?Did you notice that my/your wlsf is up around .18 in the past few days. Holding nearly 50000 shares, that sure helps me.(It looks like it is rollout time).
If this sucker goes to the $5, $10 or even optimistically the $20-$30 predicted in next few years, well lets just say life will be even sweeter than it already is.

[savage1]

I guess it was unrealistic to think that bug gain would hold in the short term;I still think and hope downside trend has been reversed.

[wallstreet]

Savage,

Hey!

I still own the stock, shouldnt have broken my rules in buying it in the first place though.

The market cap on this stock is 150M at .58 cents, so thinkingthe stock hits more than 2 bucks is just a bit unrealstic. They would have to show big revenue and profit growth to go much higher than 2 bucks and to get sustainable movement, they would need to be on an exchange and get off the BB..

Hope you are well, you know why I dont post here much. It has been good for my bank account actually. Ever since I got ticked and stopped posting, my stock account has gone way up and my gambling has never been better. Funny how it worked!

I still watch from time to time but rarely make plays based on anything I find here.