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Technical Analysis, Momentum Trading — iBankCoin

BTFO Candidate

by RaginCajun on July 1st, 2008 at 11:10 am

(SWN: 23.73 0.00%) I’m long and strong

19 Responses to “BTFO Candidate”

  1. kevin Says:

    Hi,

    Nice SWN position you got there, mind if you take a look at Gold Sector? cause i’m like to get long in GG ? I’d believe it will hit 60 soon. Please Advice.

    Thanks

  2. aristotle Says:

    RC,
    BQI might go crazy soon. just look at the volume for last few days. Thanks,

  3. RaginCajun Says:

    Kevin,

    I’m long AEM in that space.

  4. BBG Says:

    back above 60

  5. Gunners Says:

    i’ve been long SWN for a while now. love it here, added some calls today.

    I’ve also stuck with SLB after the failed breakout from a week or two ago, after you mentioned it here. Looks like it is ready to barrel through $110. there is a good amount of supply at $110, but it seems to only be psychological.

  6. RaginCajun Says:

    please tell me you guys are catching this move.

  7. BBG Says:

    new highs

  8. RaginCajun Says:

    Does TTES ever go down?

    Meanwhile, WFR eating dirt.

  9. n00b Says:

    i got in SWN after seeing that chart. also got into SLW as a double bottom play and weak dollar play

  10. RaginCajun Says:

    Goodbye WFR

  11. BUYLO Says:

    great call on WFR and FLY’s DGP 2 x long gold etf doing great! Many Thanks

  12. Hattery Says:

    lol solar is absolutely getting crushed… or should I be say…. “burned”
    (lame joke… I know, couldn’t resist)

  13. Cardiff_Giant Says:

    RC,

    What about ICO? You bought some yesterday i believe and its now down today. What do you do from here?

  14. Aris Says:

    RC, i sold my TTES today. hopefully there’s some profit-taking soon, and i can get back in a few $$ lower.

  15. Jakegint Says:

    Long SLW, SLV, GG, RGLD, GLD.

    May get more SLW today. It can move when it wants to.

    ___

    Will my FSLR short finally stay below $266? frickin’ Agita City.

    _

  16. Employee8 Says:

    Jake, You were waiting on the gap at 14 which didn’t happen, so where did you buy SLW?

  17. Hattery Says:

    even steel is breaking down now. SLX breakdown. I’ve bought enough for the day, but I’ll have to remind myself to check out X and NUE on retests of their breakdown.

    Jake, if FSLR goes down with the rest of solar, which I think it will, there’s a major rising wedge with support above 250. If it gets to 250, it should plummet.
    I’ve made some money betting against FSLR in the past. I’ll probably rotate some of my SOL put profits and bet against FSLR when it breaksdown…
    Plus they use “unobtainium” to make their solar modules, so they’re probably going to have a lot of financial troubles. They’re price to cashflow is garbage, the stock goes high because of growth and projected growth, but I don’t see how the growth continues with rising tellarium prices, increased competition, and global slowdown.

  18. Aris Says:

    i think FSLR is going to trade like ISRG now.

  19. Jakegint Says:

    I’ve owned SLW (the stock) forever, E8. Since before it was bought out by Wheaton. I bought some more calls on Friday, when the stock was around $14.60 (on the move up).

    I am contemplating doubling that position if it comes back to fill this gap at around $14.80.

    __

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