(2013-10-05, 04:45 PM)theory6453 Wrote:

(2013-10-05, 03:27 PM)goodtyneguy Wrote: I took small position in the shipping stock GLBS near the close on Friday just gone on the secondary pull back entry where it has been getting daily support.

It's far from an A+ opportunity as the volume on the BO does not quite meet the requirements and according to the Ichymoku cloud it still has a little work to do to clear resistance. I entered this one as an accumulator in stage one rather than expecting to see it immediately evolve into a stage 2 mainly because of it's 10.87% dividend yield. I don't mind waiting if I'm getting paid and can look forward to higher pay outs.... if all goes to plan of course.

If GLBS clears its resistance in Oct/Nov (which you mentioned) and breakouts above $3.50-$3.60 range with some good volume, I think it will be in pretty good shape for a nice Stage 2 breakout IMO. I would like to see that MA move up some more and a nice volume spike. Marine Transpo has been a good sub-group for me recently (BALT, EGLE) so I hope GLBS can continue the trend.

BTW, I checked Google Finance and Dividend.com and it said that GLBS suspended divs in 2012. Do you have info on a 2013/2014 payout date? Just a heads up as it sounds as that is a tentpole of your strategy.

Good luck.

(2013-10-06, 06:59 PM)theory6453 Wrote: My pops thinks FNMA is a Buy and poised for another major move. I think it’s possible it could make a Stage 2 continuation move but I’m not 100% convinced so I thought I would throw it out to the group…

(2013-10-05, 02:23 PM)isatrader Wrote:

(2013-10-05, 04:56 AM)anupam384 Wrote: isatrader, what are your thoughts about the industry. I read and was told that the industry is out of gas for a while. I bought at the wrong time (may be around the same time as you) and sold for a loss. I take full responsibility for my decision.

I think the fact that you sold out for a loss already says to me that you weren't approaching it as an investor position, as it hasn't been anywhere near the investor stop loss under the Stage 1 range. So it sounds like you are trading it, and not investing in it, and hence you shouldn't be playing Stage 1 stocks really, as the majority of trader positions should be stocks that are already in Stage 2 on pullbacks like your IDRA pick, or on continuation moves like CCIH, which I highlighted before Thursdays open on the trader thread http://stageanalysis.net/forum/showthread.php?tid=14&pid=1814#pid1814

goodtyneguy Wrote:Having said all that I have n't asked if you are in the Pharma business or some related field? In which case I'm all ears

   

   

   

   

(2013-10-09, 11:47 PM)goodtyneguy Wrote: JRJC another Chinese ADR suitable for the watch list.

Would have made a great low risk investor play but I'm afraid we've missed the 2A break out so if interested will have have to settle for a continuation buy.

Chartmills' sector categorisation is more appropriate than DJ US indices and most stocks in their sector have RS above 70 with many showing similar patterns.