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cramerica1972
07-04-2008, 03:37 PM
time to buy on the major pullback or wait longer?currently $23.00/share.
john_for_u80
07-04-2008, 04:24 PM
time to buy on the major pullback or wait longer?currently $23.00/share.


Dont touch such risky stocks. If you are full time trader then you can look at intraday action and decide. It may come around $18.

If you think this stock is running higher without you then you may buy some and put a stop loss below to protect your money.

Let this stock take some rest(consolidate) before you put your hands in!
wallstreetsedge
07-04-2008, 06:23 PM
i think its starting to shape up and settles around low 18 then fills the gap and heads towards 23, builds some support at 26, then tests 30

the main concern is if we have a commodity bubble which i think we do... were seeing it with solars first, then coal, then oil but thats just my opinion
numbers
07-07-2008, 05:07 PM
i think its starting to shape up and settles around low 18 then fills the gap and heads towards 23, builds some support at 26, then tests 30


Interesting. I'm going to keep an eye on this one for now.
wallstreetsedge
07-08-2008, 01:23 AM
look for confirmation tomorrow.. looking good, hit my 18 target

lets see if we can hit $23
Riddicks
07-08-2008, 01:27 AM
i think its starting to shape up and settles around low 18 then fills the gap and heads towards 23, builds some support at 26, then tests 30

the main concern is if we have a commodity bubble which i think we do... were seeing it with solars first, then coal, then oil but thats just my opinion

You were dead on WSE. $18, now lets see your prediction for MBRK. :top:
Supreona
07-08-2008, 03:29 AM
PDO looks good if it can stay above current levels, ROYL looks like it may be poised for a pop also.


JMHO
numbers
07-08-2008, 04:38 AM
PDO looks good if it can stay above current levels, ROYL looks like it may be poised for a pop also.


JMHO

I like how ROYL looks as well. Let's see how it does tomorrow. :top:
Supreona
07-08-2008, 12:02 PM
Oil stocks getting killed today.
cramerica1972
07-08-2008, 07:44 PM
Oil stocks getting killed today.are we being lulled into a false sense of security with the small pullback in oil???i think so....
john_for_u80
07-08-2008, 07:57 PM
are we being lulled into a false sense of security with the small pullback in oil???i think so....

It does not matter what we think. I think we should take a look at the charts as you can see how the coal & steel stocks are broken down. Once panic starts in, people get careful to get into such name.

Here is the chart of Crude Oil and USO.

http://stockcharts.com/h-sc/ui?s=$WTIC&p=D&b=5&g=0&id=p69624182671

http://stockcharts.com/h-sc/ui?s=USO&p=D&b=5&g=0&id=p69624182671

Watch Price action in the chart along with 50DMA. Everytime Oil has fallen down, it has bounced off from 50DMA. Try to buy Oil or related stocks when Oil comes near 50DMA and keep a stop loss!
cramerica1972
07-08-2008, 10:53 PM
It does not matter what we think. I think we should take a look at the charts as you can see how the coal & steel stocks are broken down. Once panic starts in, people get careful to get into such name.

Here is the chart of Crude Oil and USO.

http://stockcharts.com/h-sc/ui?s=$WTIC&p=D&b=5&g=0&id=p69624182671

http://stockcharts.com/h-sc/ui?s=USO&p=D&b=5&g=0&id=p69624182671

Watch Price action in the chart along with 50DMA. Everytime Oil has fallen down, it has bounced off from 50DMA. Try to buy Oil or related stocks when Oil comes near 50DMA and keep a stop loss!i have (LINE)linn energy as my natural gas play.nice divvie also.