We recently finished our first 15 credits of the MBA program and as Thomas the Train would say: Bust my Boilers, we feel crossed.
Anyway, we got stopped out of a position in TLEO today with a 2% gain and decided to enter two new trades: one for our real account and two for our paper account. For our real account with purchased AXTI and in addition to that we purchased STN in or paper account.
AXTI: AXT, Inc. (AXT) is a developer and producer of compound and single element semiconductor substrates, including substrates made from gallium arsenide (GaAs), indium phosphide (InP) and germanium (Ge). It manufactures its semiconductor substrates using the vertical gradient freeze (VGF) technology. AXT manufactures its products in the People’s Republic of China (PRC). It sells compound substrates manufactured from GaAs and InP, as well as single-element substrates manufactured from Ge. AXT supplies GaAs substrates in two-, three-, four-, five- and six-inch diameters. It manufactures InP substrates in two-, three-and four-inch diameters, and Ge substrates in two- and four-inch diameters. AXT is in a nice uptrend and we are purchasing it on weakness and at a price lower than the system entry price. We also expect AXT to either consolidate or resume its uptrend after bouncing from its ascending lower trendline.
AXT Stock Market Chart for 12-14-2010
STN: Stantec Inc. provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. The Company provides knowledge-based solutions for infrastructure and facilities projects through value-added professional services principally under fee-for-service agreements with clients. As of December 31, 2009, the Company operated in four geographic regions in North America: Canada East, Canada West, United States East and United States West. As of December 31, 2009, the Company provided services in five specialized area groupings: Buildings, Environment, Industrial, Transportation and Urban Land. In July 2010, Stantec Inc. acquired Industry and Energy Associates, LLC. In December 2010, the Company completed a merger with Burt Hill.
Stantec recently bounced off the 38% retracement line. That is a bullish indicator. We expect that Stantec will revisit the highs of 28 dollars.
STN Stock Market Chart for 12-14-2010
Disclosure: We currently own AXT in our personal account.
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I am a dad, professional engineer, MBA student, and a financial fanatic. I can help you make money in the stock market. I use Fibonacci techniques for retracements and targets, technical analysis, some little fundamental analysis, and automated systems trading. I also trade options. In addition, I use CANSLIM to get neat growth stock ideas. No fluff and no BS.
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Maybe those stocks are really great investments and will turn in huge profits, but also would be nice to see some fundamentals of it, not only a technical graphs, in which not everyone apt to believe…
Thanks for stopping by. We do not believe in fundamentals, however, we use Investors.com stocks to populate our stock lists. Those stocks usually have accelerating sales and revenues.
Twitter: fxts1
Do you use only trendlines in your technical analysis? I noticed that these trendlines are often deceiving. Maybe I just don’t know how to use it but still…
We use trendlines to gauge where the stock is going and to see where support and resistance points are. However, we do not use them to enter or exit trades. We use specific trailing stops as calculated daily by our three trading systems. We are using the Parabolic Sar trailing stop with great success.
you use trendlines, right?
I use trendlines to gauge were the stock is and where is going and I ask myself the following: Is it in an uptrend or downtrend. Is it close to support or resistance? In addition, I have a golden rule that I do not enter a trade in a downtrend with the exception that the stock breaks the downtrend channel. I do not want to catch a falling knife with my hand. I do not use trendlines to enter or get out of trades as the systems will let me know the entries and exits.