For those who are newly interested in the short side of trades, a second look at Minefinders (MFN): I prefer to draw the neckline around $9 even rather than where finviz puts it, but no biggie. This one hasn’t been bombed so bad you can’t get in on the short side if you are so […]
After you close a trade, do you ever catch yourself compulsively checking the stock price to see if you “made the right move?” Or do you always do this? Sometimes I just can’t resist, although its asking for mental torture. I dumped my Potash position last week because I didn’t want it open while I […]
There’s nothing worse than some news to screw up good a bit of technical analysis! Green Mountain Coffee Roasters got spooked and entered plunge mode when a potential acquisition’s “K-Pod” product sales slowed. Personally I would rather boil my coffee in an old pot over a fire like the Marlboro Man, but obviously the disappointing […]
OK, manure trading junkies, take a look at the chart of Potash Corp. of Way Up North at the end of trading today: Its setting up for a nice inverse head-and-shoulders pattern (bullish), as well as emerging from a test of the all important 200 day moving average at the same time. The bold and […]
I forgot to do a followup on Super Valu yesterday; it looks like cup-with-handle buyers have yet to be rewarded, as the buyout talk of early March has apparently died down a bit. If you’re still interested in SVU as a long, the way to play this one now is to buy only on a […]
I’m not playing this one, but if you have a bullish slant for Thursday, here’s your chance at Super Valu stores (SVU), testing the 20 day SMA as we speak. Tight stop underneath the 20 and under Monday’s intraday low, say at $16.15. That would make the goal a run at the recent highs in […]
A dreary March Tuesday in New England hasn’t exactly got me fired up for plastic shoes, but it is worth noting that the cup-with-handle followers were rewarded by CROX today, which is up over 8% on no news, except that the weather is crappy throughout most of the nation. My psychological bias against this firm, […]
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