But, and here is where I think fundamental thinking helps, some terrorist blows up the biggest refinery in N Africa (why blow up one in a militant muslum country, maybe for practice),and it is announced that China has replaced Japan as the second largest consumer of oil in the world and the oil and China stocks go crazy. I didn't sell PTR after it swooned because I just couldn't see how finding and selling oil in China could be a bad deal. Now I am glad I didn't. Now BRLI is down to near 20, so my 20% daily gain is now a loss. I am holding though, because 20 was the high before, so maybe it will be a new base. Based on what Bert has taught me about charting, if I understand it right, that is what may happen.
PCTY has been on the Yahoo "strong forcasted growth" for several weeks, but is off now. I think I mentioned that a few weeks ago. I tend to be a fundamentalist at heart and I just couldn't see how party stuff would make a lot of money. People don't seem to have as many parties as they used to have.
Well, I really got screwed on BRLI. Bert and I had an argument about the cup on the chart. I said it was near perfect, Bert didn't think so. So we broke open a bottle of the Scarlet Crest Cabby to decide. After several cups we forgot about the stock chart and drove over to the South county Dirt Cheap to get a couple of cases of it. I don't think you will ever find a better wine bargain in this lifetime. When we got back we had forgotten about the cup on BRLI.
So, Tues AM, it BRLI was up to over 18 in pre mkt trading and I put in an order. Hold on to your hat. At the opening, and before my trade is addressed it jumped to over 20. My trade finally went through at 20.30. Then it went over 22. Screwed out of 10%, but still have 10%, not too bad for one day. So then this AM I was watching it in premkt and it is up some more, so I hold tight. Guess what, it opens down to 20.60. So now for all my genius I have made exactly thirty cents a share.
But the wine and conversation were excellent.
Can't get a chart on SAMN. ONNN is in a big breakout and you have to chase it to get in. Makes me nervous. NANO was a Don Worden pick today! I looked at the chart and put in an order. Also in the TC2000 report tonight was a thing called XYBR at $1.97. Great looking chart but very speculative. I bought 400 shares in Marshall'slittle account with the left over cash he had. Party City (PCTY) is making a nice pull back. I rather like it and think it might just be a good buy. Judy shops at the party center in Fairview every time she entertains ... and goes off the deep end for the holidays. The store is always crowded. We always have to stand in line to check out! Anyway, PCTY has negative RS and On Balance Volume. If they start to turn I would think about getting in. Finally, BPA is a sky rocket ... to high ... to fast ... gosh how I wish I'd seen it a while back. Tom, let us know if it levels off to make a ledge or pulls back on small volume.
Sexy BS - we could all use some more! BPA looks too risky for my blood - but then again, Lucent is 20% of my stocks currently so why not. Did anyone stay in NANO? It has had a good run. Currently I am watching SAMN (circuit boards) and ONNN (semiconductors) Whinos: I got some tail this last weekend, and it was yellow too! Good stuff. Friend of mine said he was trying Chilean wines. Never had any.