If you haven’t already noticed, BIDU ended after hours trading near $134. I posted the buying opportunity two days ago above $103 and then posted detailed analysis when it was trading above $104 later the same day:
The bulls are on the run:
- BIDU: Not bad for my first trade back from Hawaii!
- My NMX options are up
- I sold my shares in Calpine but that may have been premature (190% gain)
- I will buy back into Calpine if it corrects and will let you know.
congrats on bidu….a well thought out analysis…. i sat looking at it yest pm but took no action as it was already in the 107s, greed on my part as you had already stated it should get back to 118 as a min tgt……..thanks for all your good work and welcome back……….
I have a quick question. Being relatively new to all that trading has to offer (and your site) I believe I see where you(after doing the fundamental analysis)are looking at 50 mdas and 200 mdas to buy into a stock (trend lines). Is this somewhat different than the CANSLIM approach where you pick a pivot point (from let’s say a cup and handle pattern)and buy when it is .10 higher after strong volume?? Or are you using a bit of both?? Seems like the trend approach is a bit easier than all the rules O’Neil suggests with various chart patterns. Thanks and look forward to your new site.
hey Chris! I took action and reaped in a quick 20% profit! look forward to more posts!
Chris,
Just got back from vacation and saw this, too bad I missed the launch. Do you see it still a decent buy here since it has retreated some on lower volume and looks to have some upside with the high still being $134? Or do you see it continuing to drop some more to fill the gap?
CAn I get your thoughts on TWIN? Bought it at $48.08 as it took offand my trailing stop took me out today at $58.01. Got back into it at $58.10 and it is still acting well and making gains. How does it look to you?
The stock has upside but I am bias with an established position. Filling a portion of the huge gap concerns me over the short term but the stock looks sound for the long term. I have a stop placed but I wouldn’t enter at this level if I missed the breakout (just my opinion).
TWIN looks extended with the ideal entry along the 200-d moving average. You have a profit so set a stop to protect it, do not let it go back down below 15%. The gap above $50 is the problem (especially with yesterday’s quick drop).