LNUX - Oversold with reversal signal

[TheChartGuru]

http://stockcharts.com/h-sc/ui?s=LNUX&p=D&b=5&g=0&id=p64669652537

Oversold with reversal signal(hammer). However, it may retest 3.50. Keep on watch list

The Guru has spoken

[Gatorfan]

Comparing the daily charts to the 15 minutes charts, the indicators are improving.

I believe this is a good signal for a reversal.

[TheChartGuru]

LNUX is waaaaaaaaaaaaay oversold. This one should have a really big bounce soon. Sipping my ice tea with my cursor on the buy button for 3000 shares

http://stockcharts.com/h-sc/ui?s=lnux&p=D&b=5&g=0&id=p48644284620

The Guru has spoken

[KEESH.S]

URRGH I sooooooo was ready to load up on it on the 7th.

BEEN WAITING FOR THIS.

[TheChartGuru]

bought half of my position, 1500 shares at 3.20, just in case I have to average down. If I don't average down, I'm also looking at BMD. Very oversold.

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

The Guru has spoken

[TheChartGuru]

Formed a hammer today in oversold area. Perfect reversal signal. LNUX should take off tomorrow

http://stockcharts.com/h-sc/ui?s=LNUX&p=D&b=5&g=0&id=p24069325834

The Guru has spoken

[WhiteKnuckling]

Formed a hammer today in oversold area. Perfect reversal signal. LNUX should take off tomorrow

http://stockcharts.com/h-sc/ui?s=LNUX&p=D&b=5&g=0&id=p24069325834

The Guru has spoken

We'll see.

owenq hasn't done ka-ka.

Are you still pumping that one?

[TheChartGuru]

Knuckles, first of all, I don't pump stocks here. If you noticed, this is the "members discuss their own stock ideas" forum. The members here have different trading philosophies which makes this forum unique. You are a new member and are obviously confused about the concept. Most people here that have been following my picks for over a year now know my trading method. That is to buy oversold stocks and play the bounce for a 10%+ gain in a matter of a few days or even just a few hours. I don't care about a stocks fundamentals. I don't care if it is going bankrupt, is an OTC stock or if the CEO is a cross dresser. That is why I recommend only trading with Mad Money and keeping a core investment portfolio. Most of the time, I also like to link a chart and explain my reason for my pick. OWENQ may not have moved much, but I bought it at .89 and it is now at .95 for a 6.7% gain so far. Yesterday I bought LNUX at $3.20 and it closed at $3.32, for a 3.8% gain so far. So far you have only attacked and criticized me and other members in this forum and have yet to give any positive stock picking ideas or recommendations. Since I don't fit your trading style, I suggest that you ignore my posts and don't waste your time reading them. Better yet, why don't you contribute with some stock recommendations of your own so we can do our DD and decide for ourselves if they are good picks? Good luck to you.

The Guru has spoken

[Tides_are_Turning]

We'll see.

owenq hasn't done ka-ka.

Are you still pumping that one?

You know I appreciate what others have done for me on here. I dont understand why you would be so upset at TCG about owenq. Maybe I dont have a clear understanding of your position so please correct me if I am wrong. You sheepishly bought shares of owenq because TCG suggested it. This means that you have follwed a few of his picks previously and have seen the return that he has made on those. You figured he had to be right 100% of the time so you jumped on this one. Probably not doing any of your own research or waiting for a reversal signal to suggest a bounce. Now that you have not seen your return on investment you are upset with him, well shame on you.

In such a small amount of time I have been taught so much by a community of great people. I am sure TCG could be spending his time reading books or doing technical analysis on charts, but he is on here sharing his knowledge with us, whether you choose to accept his methodology is completely up to you.

Is it really that hard to just walk away as opposed to making smart ass comments. Please do not ruin a good thing for the rest of us.

[roy]

Are you still pumping that one?

you should have checked Guru's past posts on this forum before making a comment like that.

[TheChartGuru]

Thanks for the support guys...Take a look at OWENQ now. It has just opened at $1...not bad for a bankrupted company pick

The Guru has spoken

[Jordan]

1.03 already

[TheChartGuru]

LNUX running. Resistance at 3.58. R2 at $4.13

http://stockcharts.com/h-sc/ui?s=LNUX&p=D&b=5&g=0&id=p28301635853

The Guru has spoken

[TheChartGuru]

Sold OWENQ at 1.01 to buy more LNUX. Purchased 1700 shares of LNUX at 3.29

The Guru has spoken

[roy]

running alright. bought it at 3.24.

Guru,
what are your thoughts on BMD now? Are you still holding?

[TheChartGuru]

still holding BMD at 1500 shares at $3. I expect a bounce at EOD or tomorrow. Way oversold. My mistake was buying it before a reversal signal, like LNUX yesterday when it formed a hammer or JDSU when it formed the doji. Reversal signals on oversold stocks are very powerful.

The Guru has spoken

[KEESH.S]

TCG, good call on DCNAQ also man. That's steady rock rocking it now.

You got mad skills.

[TheChartGuru]

once DCNAQ breaks through 1.60, it may run to $2

The Guru has spoken

[jeffwils]

Keep up the great work TCG...I for one appreciate it. I've been away for a while and dont know some of the new peeps on here and am actually glad I dont. You turned me on to the books by Toni Turner and have shared your methods with all of us for free. You have even prayed for my wife a few times. Here is a big ole THANK YOU! Go somewhere else white knuckling.

[TheChartGuru]

Keep up the great work TCG...I for one appreciate it. I've been away for a while and dont know some of the new peeps on here and am actually glad I dont. You turned me on to the books by Toni Turner and have shared your methods with all of us for free. You have even prayed for my wife a few times. Here is a big ole THANK YOU! Go somewhere else white knuckling.


Hey brother, I've missed you. Send me a PM. How's your wife doing? Doing any trading or is the new job taking up too much time?

YBIC,
Frank

[Jordan]

Starting a little down today, lets see what happens

[TheChartGuru]

Starting a little down today, lets see what happens



Not to worry, blast off in a few minutes. Currently at 3.38. Should close over 3.50 today

The Guru has spoken

[KEESH.S]

Not a great performance day so far, but MACD lines starting to merge and slightly curving back.

RSI in oversold again. Tomorrow and Monday are going to be interesting.

I'm holding my shares.

[TheChartGuru]

Keep an eye on it. Daily and hourly charts look good. Should run to 3.60 today

MACD and RSI(10) curling up. Once it breaks above the MA(10) at 3.48 it will run. I wouldn't be surprised if this little sucker gaps up Monday.

http://stockcharts.com/h-sc/ui?s=LNUX&p=D&b=5&g=0&id=p35417601111

The Guru has spoken

[stck8ter]

wow you have a great eye reading the charts guru. hope i can hone my skills to yours! nice call!

[TheChartGuru]

We're getting close to the LNUX break out stck8ter :)
3.60 is around the corner then fill the gap to $4.40. You gonna owe me a steak dinner stck!

The Guru has spoken

[stck8ter]

We're getting close to the LNUX break out stck8ter :)
3.60 is around the corner then fill the gap to $4.40. You gonna owe me a steak dinner stck!

The Guru has spoken


buyer's coming back from lunch. looking to take out $3.60

wonder if they had steak for lunch....:wink:

[thekube]

Thanks for the pick here. I got in and out pretty quickly though. I bought in at 3.20, then bought some more at 3.30. I ended up selling at 3.55 and made some quick money.

[stck8ter]

flirting with the first resistance here.

[BigSlick]

Holding nicely above the $3.60 mark.

[stck8ter]

Holding nicely above the $3.60 mark.

you can say that!

wow, this thing really hasn't looked back since passing the mark.

tcg rocks!:mrgreen:

[stck8ter]

will this bounce back from $4? or shoot through? thoughts?

[BigSlick]

This thing is really starting to rock & roll! I hope the momentum will hold and push it through the $4.00 level.

[Damon]

Up .14 to 3.95 currently.

[BigSlick]

Hod 3.99!! Come On!!!

[TheChartGuru]

I like my steak well done with a side order of mashed potatoes. Oh, with a nice tall, cold glass of ice tea ;)

The Guru has spoken

[BigSlick]

Come up to the Windy City and you got it!

[KEESH.S]

I like my steak well done with a side order of mashed potatoes. Oh, with a nice tall, cold glass of ice tea ;)

The Guru has spoken

WOOOT WOOOT!

http://thibeault.smugmug.com/photos/9395624-L.jpg

http://whatscookingamerica.net/Beverage/SweetTea.jpg


TCG, I'm mailing you this from Japan, Nkay?

http://a7.cpimg.com/image/2B/1A/46672427-b1a0-02000180-.jpg

[Damon]

I like my steak well done with a side order of mashed potatoes. Oh, with a nice tall, cold glass of ice tea ;)

The Guru has spoken
Well done? Wow, for a guy who knows so much about TA, you sure don't know how to eat a steak! http://www.cramersmadmoney.com/images/icons/icon12.gif

Filet mignon must be prepared med rare, preferably with garlic mashed & asparagus spears. If you were local, my gf & I would certainly take you to Houston's steakhouse in Pasadena for a "proper" filet and their five nut brownie ala mode for dessert. http://www.cramersmadmoney.com/images/icons/icon10.gif

[Damon]

oops. double post.

[BigSlick]

Running some more at EOD!