Wednesday, May 23, 2007

CSUN 14.60

CSUN is amost reaching to my buying range, maybe tomorrow at the open, a nice gap down near $14 will do it.




21 comments:

PennyTrader said...

CSUN trading range and price path for tomorrow:

http://charts.dacharts.com/2007-05-23/smallka40.png


Possible supports: ($14.51, 14.10)

http://charts.dacharts.com/2007-05-23/smallka38.png

Have to be very careful to go long tomorrow on these NAS stocks, this market is turning ugly in the last two hours.

STOCKY Irishman said...

Good heads-up on CSUN. Because of the low volume of this stock do you load up on this one in multiple buys 100 lots, or more? Or do you buy your total amt 1000 shares or more at all at once?

It looks like the 15 or 30 day MA is 14.99 and 15.13. But resistance looks like about 15.47. On a gap down at the open to 14.50 or so you think buying early on it will go up to resistance or the MA?

STOCKY Irishman said...

I see your .png pics for CSUN. support and range. Is this stock have a sensitivity to buy orders of 1000 shares so to only make small orders to fill position?

PennyTrader said...

Sotcky, teh volume on this stock is not bad, everyday it has over 1-2 million shares traded, don't buy if has only 100K shares traded. The TA indicators look pretty weak, but right now I play the support at 14.50, I got 500 shares at 14.55, if it goes below 14.50, I will be stopped out immediately, really not much to lose.

PennyTrader said...

Support and resitence:

http://charts.dacharts.com/2007-05-24/smallka41.png

STOCKY Irishman said...

$14.55! I saw at least a 10c to 20c spread in the Bid & Ask. How did you get in at 14.55! This is looking like it will hit your stop / downward triangle.

PennyTrader said...

You can get it now at 14.52 in fact, 14.52 x 14.56. I filled another 300 shares at 14.53.

Don't buy on ask, put order on bid, it won't go anywhere. Either 14.50 holds and run, or 14.50 breaks and see $14.

PennyTrader said...

Well, I stopped out 14.45.

STOCKY Irishman said...

good call. what else is on your radar? I've been shorting AMZN. The volume is SOOO high it takes for ever to fill my order and I end up loosing my price entry target / or exit price. :(

PennyTrader said...

The drop to $14 is very fast, as you could see from the chart, there is no support in between 14.5 and 14.10.

I got back some at 14.10.

PennyTrader said...

I'm in some NIHK amd SRFDF, made nicely on HMIT early, but the last shake got me, bought in size at $1, and sold at $0.90 in panic, I am in red on HMIT for the day. I think I am not good at playing in size. Not going to touch HMIT for now, will wait a bigger shake to 0.50-0.60 and reload.

PennyTrader said...

http://charts.dacharts.com/2007-05-24/smallka42.png

PennyTrader said...

If CSUN won't hold $14, I'll be stopped out again, will see what happens. This time I will use my default route NITE for stop. I found using NITE gave an edge.

PennyTrader said...

Well, missed the sell on SRFDF for a good profit, and this SRFDF holding is in red too, playing so many stocks can make you a miss....

PennyTrader said...

If CSUN $14 holds, I am looking for $14.50-14.60 as the exit.

STOCKY Irishman said...

UGH! just got taken on AMZN. I need to step away and take a few deep breaths! WIsh me luck and PRAYERS! Pleeeaaaase. :)

PennyTrader said...

Good luck!! My CSUN's target is too agressive, should have played the 14.25 resistence. Sell the shares at 14.24, buy if it breks 14.25.

http://charts.dacharts.com/2007-05-24/smallka43.png

STOCKY Irishman said...

DO you have a limit order for 14.25 or do you wait for it to make it there before you place your order.

PennyTrader said...

This is a good question. I wish I my trading software has a bracket. it would be so nice. I cannot put a STOP SELL and a LIMIT SELL at the same time, right now I have a STOP SELL at $13.99.

PennyTrader said...

Well, just stopped out 13.98, darn it. At least I can protect my loss.

PennyTrader said...

Not going to touch CSUN anymore for the day, the TA is too weak, wrong trend, cannot go short. Will find some uptrend stocks to make up the day.....

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