Monthly Archives: October 2012

Oct 11: GRPN YOKU, S

The 339,000 level on the jobless claim is the best reading for 4 and a half year. Despite low jobless claim, economy is still adding job in a slow rate. Keep updated with next nonfarm payroll and employment data.
Groupon, Inc (NASDAQ: GRPN) had a surge today, showing 50MA is once again a strong support.

Yoku showing a possible bottom play here. Bullish MACD, RSI, Slow STO.
Sprint is in talking with Softbank in Japan. Possible acquisition price is $6 per share. Share went up 20%. I sold at $5.8. I don’t prefer buying firms under acquisition talks because upside potential is limited, while a failure in making a mutual agreement would hurt the stock too much. I am satisfied with almost 20% profit in one day.


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Oct 10: AFFY, IDCC, BKS

Affymax, Inc (NASDAQ: AFFY) Keeps making new high on expanding volume and candlestick body. Caution on RSI level, a closer stop order should be made when entering the trade. Slow STO shows a significant uptrend as well.

IDCC again. Just realize similar corrective pattern pattern before after a boom with extraordinary high volume. Once again, the stock is falling with low volume. I remain bullish on this stock.

Barnes & Noble (NYSE: BKS) There is a breakout from saucer bottom today on this stock. Considering high RSI, corrective moves could be on the way. But for ones who are aggressive, entering any time can still be a good play. +ve MACD, +ve Bullish STO divergence.

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Oct 09, 2012: CSCO, BAC, AMZN

Amazon.com, Inc (NASDAQ: AMZN) See if 50MA can be its support. 

Bank of America Corp (NYSE: BAC) There is a huge W pattern (double bottom) showing in BAC. There have been a correction after testing the recent high 9.76 these several days. 20day MA has been a good support level for 2 times since beginning of September. Look for rebounce or breakout to trade with.

Cisco System, Inc (NASDAQ: CSCO) There is a huge consolidation after the gap in August. Interestingly, the gap fits well as a mirror image of the gap in May. Possible bottom playing there. However, A/D line is falling. Considering its low PE ratio and 50ma crossing 200day now, I am very bullish in CSCO in the long run

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Oct 06: Stock of the week: IDCC, LMT, DDD, SIRI, GRPN, ZNGA

3D Systems Corp (NYSE: DDD) just closed above 20MA. Wait to see next movement on BBand to trade. MACD turning +ve. However, CMF and RSI show a ugly picture

InterDigital, Inc (NASDAQ: IDCC) Once again, possible cup and handle pattern. I want to bring in Point and Figure Chart of IDCC to capture its recent bullish trend. P&F has made 3 consecutive upward breakout. A Bullish reversal sign for the long run

Lockheed Martin Corp (NYSE: LMT) After a rectangular consolidation pattern, the stock had a bullish breakout. Support found well around 91. Stop order could be set around $91 if you want to participate in it.

Sirius XM Radio Inc (NASDAQ: SIRI) bullish on RSI, MACD, CMF, Bband. The stock shows a bullish Elliot Wave Pattern. 

Overview of S&P 500. Support can be well found around 20 day moving averages. Positive MACD Crossover but Bearish CMF Crossover. 

Disaster for Zynga Inc (NASDAQ: ZNGA) Premarket dropped 20%. Even though there is bounce back for the rest of the day. ZNGA closes with 11.60% drop with highest volume since its IPO. I can’t stress enough how ZNGA and FB has unproven business model that revenue growth and corp governance (user’s privacy, etc) are all in doubt.

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Oct 01: CAH, HCSG, DDD, HCA

Cardinal Health, Inc. (NYSE: CAH) shows positive sign in MACD and Chaikin Money flow index. From candlestick chart, there is a flag forming, which is a continuation pattern for recent run. The stock is about to cross its 50day MA from below. Keep it on your radar.

Healthcare Service Corp, Inc. (NASDAQ: HCSG) broke out with a strong volume today. After recent-found well support at 50day MA, the stock today shows a gap open and a run to 23.81 at close. I look forward to seeing more action from HCSG. Stop can be made at the neckline.

3D Systems Corp (NYSE:DDD) My once-favorite stock DDD has performed really bad recently. Trading well within the downward slopping channel. I am totally bearish on DDD, as well as SSYS,  a similar 3D printing company.

HCA Holdings Inc. (NYSE: HCA) After the breakout early September and the following pullback, testifying the neckline, the stock shows a good support at 31.5 level. And there is a huge run to the north for 4 consecutive days. I think HCA has high potential but given the fact that RSI is at overbought level, the stocks might shows a pullback in the future. Stop can be made at $31.5.

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