BZH | 80% Short Float | Breakout Play

[Albert0373]

http://i20.tinypic.com/1hzbdz.png
Chart courtesy of amohedas

Descending triangle formed so be careful, but looks like its starting to breakout and negate that pattern, if so...watch out for that 80% short to turn into charging bulls.

Closed above 50dma four days in a row.

[Albert0373]

Great open today as it prints a 12.28 day high

[netwrangler]

http://i20.tinypic.com/1hzbdz.png
Chart courtesy of amohedas

Descending triangle formed so be careful, but looks like its starting to breakout and negate that pattern, if so...watch out for that 80% short to turn into charging bulls.

Closed above 50dma four days in a row.Coupla-three chart questions:

I notice your chart is from StockCharts.com. Others on this forum, including Thierry, use the same source. Is that because
a) it's the best charting site out there?
b) posting charts from your trading platform might violate agreements with the provider of said platform?
c) it makes it easier for forum members if we are all posting the same chart format?
d) all of the above?
Saw a ChartSchool Education Area link on the top page of the support tab on the site. Figured I'd check it out. Any comments or alternatives come to mind?
Notice that you are using a url link to post your chart. That would, I assume, take care of size restrictions. Are you using a public site for image storage?

TIA

[Albert0373]

I wouldn't necessarily say its the best out there, but I like its ease of use and it's user-friendly. Size of attachments on this site is restricted to 620px width so images are constrained to a certain size, not allowing enough room to show what I like; so I sometimes use a reliable picture hosting site to host bigger pictures. And from what I've heard, posting charts from your brokerage sites seems okay, they aren't really copyrighted.

[Albert0373]

http://img135.imageshack.us/img135/9561/bzhar0jn4.png
Annotated chart courtesy of amohedas

[microhedge]

Excellent spot, thank you Al !!!

[Luc1Grunt]

opportunities everywhere...I see this as one of them at the 11.50 range.

[Rich]

I wouldn't have believed it if I didn't see it!
This event was a good eye opener for me, everything says to 'SELL, the building sector is dead!" But your prediction was correct, going against everything printed. IBD gives them a rating of 32 out of 99 and a D minus.

http://ratings.thestreet.com/tools/basic/ratings.html?tkr=1&s=UA#BZH
Look at the numbers.
Revenue -36%
Net Income -220%
EPS -235%

Still, the chart indicated it was going to go up and it did, a perfect example.
Rich

[Albert0373]

Broke down heavily after the cut; I was discussing BZH in the chatroom. Pulled the sell trigger quickly after the .25 and got out before it dipped under 12, nevertheless...obtained a nice gain.

[Luc1Grunt]

I think I posted this late. I had two trades going and both were reactions from the sell off. BZH at 11.41 and sold at 11.83. Couple minutes only. Damn I needed 4 hands for that incredible 10 minutes of lovin. Anyone grab aapl on the dip..........days like this are few and far between when you see the buyers stacked up near the bottom. Shiiiiiiiiiiiiiiaaaaaaaatt!!!! :lol: