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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: JustTradeEm who wrote (6886)	3/22/2005 11:05:51 AM
From: Vendit™	Read Replies (1) \| Respond to of 8752

JustTradeEm DNDN has fresh buy signals and is early in this new uptrend. Next upper resistance is at about 6.25. The lower than 1mm per day volume will make it a less volatile mover. 139.142.147.218 CYTK show a nice chart with fresh buy signals but the daily volume is unacceptable for swing trading IMO. Yesterday it only traded 5500 shares to that alone would keep me away from that stock. 139.142.147.218 JOBS will likely move to its 20 day moving average line and meet resistance there. Fresh buy signals in place. Weak volume on this one so it needs some news to move it in a big way. 139.142.147.218 Welcome to the board. Reid

To: JustTradeEm who wrote (6886)	3/22/2005 12:38:15 PM
From: Walkingshadow	Read Replies (2) \| Respond to of 8752

Hi JTE, DNDN is in a long term downtrend: stockcharts.com[w,a]waclyyay[de][pb50!b20][vc60][iLg!Lp14,3,3]&pref=G This was confirmed with a bear cross, so DNDN is dead money: stockcharts.com[w,a]daclyyay[dd][pb50!b200][vc60][iLg!Lp14,3,3]&pref=G There is evidence of periodic short squeezes, and DNDN is testing old chart support: 139.142.147.218 Now DNDN is oversold, and there are technical buy signals: 139.142.147.218 This makes DNDN a good short-term long position, and a move up to test (and likely fail) at the region of the descending 40 ema (currently $6.63) and 50 sma (currently $6.60) is likely. So DNDN is probably a reasonable short-term long position, but with a rather unfavorable degree of risk because of the downtrend. However, the fact that over 40% of the float is held short pretty much neutralizes that risk IMHO. I'll look at the others when I get a chance later. T

To: JustTradeEm who wrote (6886)	3/22/2005 9:11:01 PM
From: Walkingshadow	Respond to of 8752

Hi JTE, Reid is right, the volume in CYTK is too low to make analysis reasonable. But this much is clear to me: CYTK is in a downtrend. But there has been sharp seeling that was met just recently with supportive volume, indicating that CYTK has found a temporary bottom here. It is likely to go lower, however: stockcharts.com[w,a]daclyyay[dd][pb50!b200][vc60][iUb14!La12,26,9]&pref=G Personally, I rarely trade stocks like this, but if I were going to, I would look to short it as it rallies into resistance. Long positions in a stock like this are exceedingly risky, and not nearly worth the potential reward IMHO. You might be right (read: lucky!) once or twice, but 8 or 9 times out of 10 you'll find yourself deep underwater. The stock is very weak, and has been getting steadily weaker; you can see this if you plug in relative strength into the technicals, and compare it with the Nasdaq composite for instance. JOBS shares a lot of similarities with CYTK. That monster gap down is bad, bad news for those holding long positions: stockcharts.com[w,a]daclyyay[dd][pb50!b200][vc60][iUb14!La12,26,9]&pref=G Long positions are much more risky than shorting a stock like this as it rallies into resistance. I agree with Reid that the 20 ema is an excellent place to look for a short entry. Hope this helps, T