Category Archives: S

Oct 11: GRPN YOKU, S

Posted on October 11, 2012 by cl117692

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.


Posted in GRPN, S, YOKU | Comments Off on Oct 11: GRPN YOKU, S

Sept 26: SPY, S, GRPN, DDD, IDCC

Posted on September 26, 2012 by cl117692

Sprint (NYSE: S) has been in a uptrend for a while. Although there is an almost-3% drop today, the body of the candlestick is still touching the upper band of BBand, which means buy signal is still entailed. There is a cup and handle pattern with a breakout. A pullback like today is normal considering Slow STO is at overbought level.

S&P500 Index: Even though, we have experienced several red trading days, I remain bullish on the outlook, at least technically. First of all, SPY is still closing above the exponential moving average in the middle of BBand. Second,  it still closes above 141, the breakout level.
Updates to stocks I have mentioned before:
Groupon (GRPN) has dropped 7.21% with increasing short ratio at 10.48%
3D System (DDD) has dropped 4.02% after morning’s gaining. It now has a short ratio of over 20%. I think it is a very good candidate for short squeeze speculation.
InterDigital (IDCC): As mentioned yesterday, it finds strong support from its 200 day moving average. It now has a short ratio of 15%. A good candidate for short squeeze too. However, it has closed below 200 day moving average today with less than average volume. 

Posted in DDD, GRPN, IDCC, S, SPY | Comments Off on Sept 26: SPY, S, GRPN, DDD, IDCC