9.04.2012

Sept 5 - Wed. "Many Men"

PPHM - looks like it wants to set new 52's at 3.21. Long on weakness. Might have to be a swing, but could happen as early as tomorrow. No position, but if I cut one of my other positions, I'll look to buy some dip for this idea.
THLD - I like the long. Quite possible that it breaks through it small res at 9 and 9.07 is new 52's so right the momo. I am long from 9.6, which was alerted in chat today realtime. Also, spoke about this on twitter numerous times, all bullish comments.
CHTP - nice move today, but I think this is just getting started. With a nice base like that technically should push for a more than 1 day. Had a strong close, looking to gap up.
SNTA - possible triple top at 7.8 all the way up towards an 8 fail, would build into that though.
NTE - don't short this until you see a major parabolic to blow out every long thats being greedy, you got longs not taking profits yet and they won't as it closes green every day, they still gaining. They not looking at the day to day moves thinking its weak. With that being said, 12 target, and we'll prolly see it para there. Stop guessing the short though, everyday it loads your shorts up and squeezes you, when will you learn, fucking up longs for peeps. Short bias though, lol ;)

ZLC - similar to LIZ here, funds buying. Is prolly a good trader though either way you look at it, buy the weakness and short the strong moves to the upside, keeping a long bias though until it closes red a few days and peeps realize funds have stopped purchasing. 5 year chart is telling that its still stuck in a base though with resistance coming in at or around 6.5x7ish.

~"Many men wish death upon me, blood in my eye, dogg, & I can't see, I'm tryna be what I'm destined to be, but n***as try to take my life away." 50 Cent from song called *Many Men*
This kinda relates to trading for me because many other traders want you to fail and will try to put the preverbial "blood in your eye" or misinformation or their own lack of intelligence, confidence weighed down by fear and doubt on you to get you to not be able to see & succeed and wish you to fail, basically taking your $ (life blood) away from you. Lesson is to listen to them, but don't dwell on what they say, don't hear them for what they are worth, but take away from what they say what you can that's positive.

WEDNESDAY, Sept. 5Extended-Hours Earnings: ABM, AVAV, CONN, DLA, DG, FCEL, GIII, HRB, MTRX, MW, MIND, NCS, OVRL, SEAC, PIKE, SIGM, STEI, SWS, PAY, VRNT.
Economic Data: 7 a.m. MBA Mortgage Index; 8:30 a.m. Productivity.
THURSDAY, Sept. 6
Extended-Hours Earnings: ARAY, ACET, BV, CHKE, COO, ENVI, HOV, BLOX, LCI, LAYN, MFRM, ZQK, SWHC, ULTA, USAT, UTIW.
Economic Data: 7:30 a.m. Challenger Job Cuts; 8:15 a.m. ADP Employment Change; 8:30 a.m. Initial Claims; 10 a.m. ISM Services; 11 a.m. Crude Inventories.
FRIDAY, Sept. 7
Extended-Hours Earnings: BRC, KR, ALCS.
Economic Data: 8:30 a.m. Unemployment Rate, Payrolls Data.