Back!!
Back from China and will start to post again soon!
TSL
TSL looks like its falling away from its 52 week high. I will post a chart on it later.
Took a new position….
Took a position this morning on SGR at 35.00 Don’t really know much about this company except that the chart looks really good to me. The chart is posted below and you can see why I bought this stock.
EBAY
I would keep an eye out for EBAY. It seems like it is either forming an ascending triangle or a wedge reversal. I will post the chart up later today.
Keep an eye out for…
Put KED on your watch list
Keep an Eye on MAM
Keep MAM on your watchlist. I will post a chart later on today.
Little error on PBI stock chart
Three Black Crows that was circled on the graph: but what I just realize is that the last body was not open within the body of the previous day. But I still believe that there are strong indications of the stock trending lower.
PBI Stock Chart (Bearish or Bullish?)
PBI (Pitney Bowes Inc.) is a company that provides mailing solutions and services to organizations worldwide. They are also the parent of MapInfo, who they recently acquired in March for $406 billion. Why they bought this company puzzles me because PBI is more of a mail delivering business. By acquiring MapInfo and trying to compete with other map and location services is making it harder on the company. After their purchase of the company it did take them a while for their stock to go up, but from april till the end of the month it started to trend higher. Their 1Q earnings reported a profit loss of $144 million from $153 million in 2006 and blamed it on the delay of their orders and weak sales in Europe. After the report of the companies loss, they told the press they see 2Q earnings to rise and revenue growth to be in the 8-11% area. But do they have what it takes? They are now gambling that postal rates will increase and if it does it will create a rise in their profits/revenue. For more info here is the site: PBI
In my opinion I believe that the stock is starting a downtrend. Their excuses on the delays in their orders that led to their fall on their 1Q earnings profits has been very questionable. And just the fact that they are gambling on the postal rates to increase to make their 2Q earnings profit to rise. Now I will talk about what I see in their charts: As you see there marks the 3 Black Crows, where each bodies closes near/below the previous low and opens within the body of the previous day. The MCAD is starting to slope down and shows that the positive momentum is slowing down. Last but not least their cash flow is starting to weaken drastically. I will probably short this stock on monday even though I think shorting is pretty risky lol. Remember to do your own research before buying.
Reminder about My Blog
I got a few emails this morning asking me and would like to answer them in my blog because some were the same and funny:
1. “Could you post what price you will be selling your stock?”
Answer: I am sorry to tell you that I won’t be telling you because I don’t even know. I usually wait if it goes up a good amount and if I feel satisfied selling it, then I will sell it.
2. “What made you want to start investing?”
Answer: LoL Its a hobby I picked up because one of my friend got me interested in it -.-.
3. “Can you post more than one stock to watch out for?”
Answer: Sometimes I will and sometimes I won’t. I usually wouldn’t like posting a list of stock symbols because where is the fun in that? Wouldn’t you want more information rather than symbols? But yea if I get lazy I will just post symbols up.
4. “Thank you for the vegas tip”
Answer: Give me some money? and you’re welcome =)
The funny ones:
1. “No one likes stocks”
Answer: Then don’t read my blog and Investors like stocks…-.-
2: “fasdfasdfalgadgafgfglaj”
Answer: I hate spammers
3: “What would you do….”
Answer: ?
and so on
I changed my email address to Sluu001@gmail.com so no more to my main one thank youuu
