See you next year!

A new year, a new concept! This will be my motto these days. I am sorry, but I was once again ill - so I could not write these last days. (But, since my readers are so few, I don´t expect it to be a big loss...) Anyhow, my trading wasn´t great either these last days. So, I decided to take the last days of this year off from blogging. I will be back in 2007 with a new concept (I will work on that now!) and then this Blog will be more attractive. Therefore I wish you a merry christmas and a happy new year already. Before I leave though, I will take a quick look at last weeks trades:

1) ORCC - unfortunately we were stopped out at 10.15$ at the second day. One day later, we almost hit my target of 11$. But, out is out - leaving us with a loss of -1,75%.

2) CXG - why did I say you should short this stock? I can not understand my decision back then... Stopped out at 27.60$, a loss of - 3,8%.

3) WGA - not stopped out, it is still on - but, three dojis in a row... that looks like uncertainty. Too bad. Time to sell it...

That is it for this year - new year, new luck. Take care,

The Stockinvestigator

Point and Figure Charts

Hi again,

as usual, we will look at our stock picks from last week. First we have our "horror"trade EXP. It did not turn out to be what I expected. So, you should be out of this option trade. It might climb again - but I doubt that it will make the 45$ within the next two weeks. These days I am trying to digg into the Point and Figure charting. I never used it and I really don´t know much about it. Anyhow, I read a bit and, using a 3box reversal chart, box size 1,5%, would result in the price goal of 44.57$ - if it should rise. This is pretty close to our 45$, but not close enough. Here is my first P+F chart:
Next one: CWTR - did it close the Gap? No! Instead it was sold at 27.80$, leaving us with a loss of -2,1%. But, it still looks promising... Oh well.

Here are some new ideas:

1. ORCC - last price was 10.33$. We have a nice hammer, but my SL is at 10.15$, a little below the PivotPoint. First target at 11$. The chart:


2. Another hammer on CXG - this time to go short. Last price: 26.58$, first goal: in the area of 23.90$, SL at 27.60$. The chart:


3. WGA - last price: 3.85$, SL at 3.55$ (4week high!), first target: open. Nice chart:


Good luck,

The Stockinvestigator

Fading the Gap

Hi again,

another week passed by without any post. Well, this time I was ill - a flue. But anyhow, our last trade did not turn out to be what I expected it to be. EXP is below the price I adviced and our option EXPLI lost -42% so far, currently at 0.55$. That is way too much - and I would be out of this trade for sure - but somehow I still believe in it. Let´s see.

Today I just have one stock to advice: CWTR. It gapped down yesterday - after this news (quoted from Minyanville):

Coldwater Creek (CWTR) said third-quarter net income rose, as revenue gained, to $15.9 million, or 17 cents a share, from $10.5 million, or 11 cents a share, during the same period in the prior year. The apparel retailer said quarterly revenue rose to $256.4 million from $186.8 million in the prior year.

Last price was 28.40$. In the past, CWTR closed the gaps nicely, so I expect a safe win. SL however will be at 27.80$ (below Pivot). Target: 30.12$.

Good luck,
The Stockinvestigator