tag:blogger.com,1999:blog-20374666.post1582770041024874993..comments2024-03-29T10:34:48.821-04:00Comments on Stockbee: Double TroublePradeep Bondehttp://www.blogger.com/profile/16750002566366368685noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-20374666.post-85148887153239007702007-02-25T19:46:00.000-05:002007-02-25T19:46:00.000-05:00It is not a buy at this stage. It came on Double T...It is not a buy at this stage. It came on Double Trouble scan at 1.09 price since then it has almost tripled. I am aware of the merger, it was announced long time ago.Pradeep Bondehttps://www.blogger.com/profile/16750002566366368685noreply@blogger.comtag:blogger.com,1999:blog-20374666.post-65125770480996892242007-02-25T18:50:00.000-05:002007-02-25T18:50:00.000-05:00I just saw this on a Telechart Form regarding MSI....I just saw this on a Telechart Form regarding MSI. Would be interested in your take on it when you have time:<BR/><BR/><BR/>>>>I hope all are aware that MSI and Frederick's of Hollywood are "merging", and since FOH holdings is not publically traded, it is difficult to determine how the current shares of MSI will be affected. MSI is going to issue 27 million shares of their stock to the FOH Holdings and also put up for sale $20 million of new stock. Currently the float is only about 12Mill. shares. Since MSI earnings announced first on 2/13 didn't cause a great uptrend ( they were good) the recent uptrend might be due to rumors on FOH unpublished earnings. I would recommend that you read the last 10Q before making a decision and play it tight. IMO.Arthttps://www.blogger.com/profile/12567253600572424935noreply@blogger.comtag:blogger.com,1999:blog-20374666.post-39334372076255635862007-02-25T17:09:00.000-05:002007-02-25T17:09:00.000-05:00Thanks Pradeep. Once the indicators now get to the...Thanks Pradeep. <BR/>Once the indicators now get to the oversold condition, that is:<BR/>Stocks up 50% or more in month is close to 3, I will start using your formulas to find stocks or select stocks from the "Double trouble" list.<BR/>Right now, with the correction imperative, I am thinking all of them will stop out.gosuhttps://www.blogger.com/profile/16514697285639348328noreply@blogger.comtag:blogger.com,1999:blog-20374666.post-57541537342810697462007-02-25T15:01:00.000-05:002007-02-25T15:01:00.000-05:00The concept is similar. Conceptually after a stron...The concept is similar. Conceptually after a strong move there is buyer exhaustion which leads to correction. Similarly there is seller exhaustion on down moves. <BR/><BR/>Tom DeMark uses the logic of buyer/seler exhaustion in most of his ideas in New Market Timing Techniques: Innovative Studies in Market Rhythm & Price Exhaustion. He uses the concept on individual stock very innovatively.Pradeep Bondehttps://www.blogger.com/profile/16750002566366368685noreply@blogger.comtag:blogger.com,1999:blog-20374666.post-24405662358403095612007-02-25T12:06:00.000-05:002007-02-25T12:06:00.000-05:00Kool. Thank you Pradeep.The indicator I have been ...Kool. Thank you Pradeep.<BR/>The indicator I have been looking at is the percentage of stocks above their 200 day Moving average <A HREF="http://www2.barchart.com/momentum.asp" REL="nofollow">listed here</A>.<BR/>If this figure gets above 75, it usually indicates a correction, but when this figure gets below 30, it indicates an upside move.gosuhttps://www.blogger.com/profile/16514697285639348328noreply@blogger.comtag:blogger.com,1999:blog-20374666.post-2111162799059306582007-02-25T11:07:00.000-05:002007-02-25T11:07:00.000-05:00The 20 number was reached on 20th February with 21...The 20 number was reached on 20th February with 21 stocks up on that day. Since then market has been correcting. The number is more indicative of likely correction zones. Similarly when it reaches below 3 it is indicative of likely upside move.Pradeep Bondehttps://www.blogger.com/profile/16750002566366368685noreply@blogger.comtag:blogger.com,1999:blog-20374666.post-66402976648939036322007-02-25T10:12:00.000-05:002007-02-25T10:12:00.000-05:00Pradeep, Since "stocks up 50% or more in a...Pradeep,<BR/> Since <B>"stocks up 50% or more in a month=19"</B> is approaching your previous mentioned key number of <B>20</B>, do you think we are approaching the overbought indicator, that might lead to reversal?gosuhttps://www.blogger.com/profile/16514697285639348328noreply@blogger.com