Friday, November 23, 2007

30/50 buy signal...CORKSCREW buy signal

SUNDAY NOVEMBER 25 2007
This is the first time, analysts have given PTR a book value....and ive been following this stock for two years....
Book value is $330...currently trading in the 180’s
07/08 eps estimates are 10.34/13.52 = 33% eps growth...take 10.34 (this years eps ) and multiply by eps growth = 33 and book value = $330....
BUY the dec 200 call...try to get it for less than $500...
Sell posiible 1300% higher...=$6,500

I cant understand what the democrats passed on sub-prime newest regulation in 30 years, but i think the banks take another hit ...because the democrats are making the lenders pay the consumers back...IN FULL...and full retro...

Here’s three stocks i am in no hurry to buy...TIE,RTI,MM
TIE is going into its next lower price channel..which is probably 24 to 29
MM collects scrap metal.(HOT HOT business) . will probably spend the next two weeks mulling about...until it rallys again...
RTI.. another TIE titanium stock...is just bad EPS estimate...58 / 63 is a real low price probability...

F8
AGU bounced off the 100 day = 49...that looks like the entry...
CF...i never heard of them...but they look hot..
MOS ...no opinion...55 last high is the ideal entry...but 59 is the 50 day...so try 59 and if that gets stopped out...definitely post MOS at 55 on beannies so i can buy that ...


HERES SOME more stocks with that funny corkscrew buy signal...

AAPL,BIDU,CLB,QQQQ,CETV,ATI,DVN,GOOG (three days long then broke to the upside)),IBM,ISRG,LVS,(LVS looks like its one that probably fails), PTR,POT,PCP,PCU...

Heres some 30/50 buy signal stocks
Aapl,bidu,cetv,clb,dvn,goog,isrg,pot,ptr,vmw

I’ve been looking at the VMW buy signals...there are two very strong buy...theres the corkscrew / price consolidation and the 30/50 signal so i”m buying the DEC 85 call 4.20 and 75 thru 80 calls....and try to hold till VMW at new yearly high...

The strategists at Goldman Sachs Group Inc., Strategas Research Partners LLC and UBS AG say the Standard & Poor's 500 Index will climb 9.7 percent to 1,600 in the final six weeks of 2007, the steepest gain since 1971.
http://bigpicture.typepad.com/

thursday is GDP report...4.8% is the estimate....i think it's a conspiracy...
this number is invented by BEN and his co horts. If market re-acts negative on Thursday.( doubtful)...then it will definitely be up on FRI...cause GDP is HOT....
and on DEC 11 is the rate cut..i can’t tell if market rally’s before the rate cut...or after the rate cut...which probably means that on 12-22... the rally will be at least ten days old...or some such..

SATURDAY NOVEMBER 24 2007

WATCH AND LEARN....
VMW HAS a faily strong buy signal IN CHART HISTORY...I CALL IT THE CORKSCREW...THE WINE CORKSRCEW HAS A WOODEN HANDLE AND THE SPINNY METAL TINES...WELL THAT'S WHAT THIS PATTERN LOOKS LIKE....THIS SIGNAL IS VERY RARE....BUT IVE SEEN 40 OR 50 PAST 5 YEARS AND usually ALL of them BROKE TO THE UPSIDE...NOT THE DOWNSIDE...
this signal / pattern / consolidation usually shows up on stocks with extremely high evaluations. Like VMW..


IYT left you in the dust today...well here's one you can play catch up with...
CP canadian railroad...



SO GOES RIO..so goes the rest of the gold stocks....those of you familiar with my 30/50 signal.....will appreciate this chart...The chart is saying ALL GOLD AND STEEL STOCKS HAVE BOTTOMED.....SO YOU HAD BETTER HURRY...CAUSE THERE'S A REAL GOLD RUSH GOING ON...


There are just so many stocks to buy...
VIX is in full retreat...short the VIX...the bulls determined DOW lower than 128 is out of the question...
CREE is a buy now situation...i have had tremendous succes in shorting this stock, and now it’s time to to start being on the buy side...
CP canadian railroad rsi 34...so Monday is probably the day to get this one..chart s look fabulous...
CMI 200 day = 101 ...i keep waiting for CMI to test on the 200 day...but i give up..Its a buy now situation..short term target 120 = 100 day...longer term..new yearly high..
EXM...i keep holding my breath for EXM to test its 200 day at 35.....but i think the 100 day target wins at $48...
FDX at least i know that 91.5 is this quarters low..long term target...new yearly high...
ASTI getting ready to take off...nice up 30 degrees on the /50 day...buy signal..30/50..has good support at 15
TSL short term target is 47.= ..the bottom of the gap down...just don’t know when to buy...so i keep nibbling on it everyday...i don’t think i can get TSL at 33 or 34..i’m too late...
VMW short term target price 99.2...
HSI...corrected exactly 20%....what a great buy signal...


Here’s the thing about VMW..today was the first day i could see a clear target price..= $99..
Next is to get those guys at GS to see what i saw today...and say “theres +20% instant return...we have got to jump in NOW>>>”...

JEC jacobs engineeering...i keep waiting for them to test the 100 day...72.5 but forget that...its a buy now...short term target...new yearly high...any talk of interest rate cuts and anything engineering takes off
JEC 75 / 77 ...75 / 77...75 / 77...that’s a platform for the rocket to take off....
Anyone know any other engineering stocks?

DSTI...ALL CLEAR....short term target $3.75 to $4.75 price channel...and then $6 bones agian..
PBW..refuses to test 200 day = 20.8..so 21.5.start backing the truck in...
TIE going to 30 then 32 then 36...titanium is the future...(1950’s quote)

My target price for the SPY is 1635...yesterday at 1420 so now the spy has to climb 210 points to get to my target...the nay sayers will say the spy can’t do that...but last august that’s precisely what the SPY did...the SPY climbed 2100 points...

more brasil stocks and more 30/50 buy signals...
http://stockcharts.com/charts/candleglance.php?EWJ,GOL,EWZ,PBR,PCU,NIHD,RIo,sid,ubb,ggbBB14

4 comments:

fortune8 said...

Z,

I am with you. But we need to have an exit point in the event that we are wrong.

Lucky for me that I sold TIE on that run above 30+. Titanium demands are high because they are used in airplanes. However, the stock is not acting like it.

The same goes for RTI, ATI as well.

barkingdognyc said...

Z,

Weren't you the one with the 30/50 buy signal on CROX?
By the way I pay attention to everything you and F8 post, you two are way more knowledgeable with the technicals than me, I'm still learning, so I keep quiet and learn...
Thanks

fortune8 said...

Z,

A favor please. Want to look at CF, AGU, MOS for me. Need a second eye at it. Thanks.

z-stock said...

BD
that might have been me on CROX...
i sure lost a lot on CROX...
i've discontiued CROX and put it in the outbox...
i'll stick with NKE.( meat and potatoes, DIA,type stocks)..
like i usually do...
zee
BD
buy VMW NOW and sell new yearly high...
i have two strong buy signals on that thing....

EMAIL ME !!! anytime