I'm waiting for it to happen before I buy in with the safety fund money that we have set aside. I'd like to hit you guys up as it starts to play out & get some idea on stocks to buy into...everything is so overbought right now it's crazy.
Lifestyle Let's talk stocks!
- Thread starter b00ts
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Yeah I think its going to get ugly. I really do. I expect $4 gallon of gas again, a massive DOW correction, and a lot of foreclosures over the next 12-24 months. This is just my opinion, and I could be totally wrong.
Thoughts on UA? Since the split in October 2016 it's been in stair-step declines. It had support at $32.50 until it dropped to the $25 support range until 1/31/2017 when it dropped to support around $17.50.
Opened today at $19.87, currently trading at $20.68 - it's had a good week (3/22 it dipped to $17.05 but has been recovering since)
It's on my radar.
Opened today at $19.87, currently trading at $20.68 - it's had a good week (3/22 it dipped to $17.05 but has been recovering since)
It's on my radar.
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You are on a different level than me, that's for sure. I don't even know what that is.
I've been selling off some positions too. I feel like there has to be a correction coming.
My equity position is with $LIGA. They're in the sustainable real estate area. They just partnered with a seafood shipping company to use their tech to upgrade warehouses, containers, etc. to be more resistant to mold, rot, fungus, etc. It will also be cheaper and more durable than the traditional wood, metal, and plastic that is currently used in shipping seafood.
They're under a penny, but I don't think that'll be the case for long. After the announcement, the price jumped about 12%. It had a retracement today, which I believe to just be some people taking their profits because the volume fell off of what it's been averaging throughout the month. Looking for it to get over .005 and maybe to a penny next week. I'm at 60% profit right now, so if it doesn't do anything good next week, I may just take my profits and leave.
Interesting to read about US stocks and the state of the market over there...Sounds pretty much the same as here in Australia..Pretty highly priced and not much value to be seen!!!
I'm itching to make investments, but I'm thinking something's surely gotta give here. Surely.
I'm itching to make investments, but I'm thinking something's surely gotta give here. Surely.
I'd like to try scalping your mini SPI 200 in the evenings here. ASX doesn't move the mini-DOW much at all, but I can get a few good trades on it when the Asians open up. Now, once I get good enough to do generate a good income, I can quit my day job and trade during our NYSE times.
I don't watch any of that. I just follow Peter Schiff on Twitter, and pay attention to his opinion. He predicted the 2008 disaster 6 months before it happened. Really sharp guy.
I need to get back to Twitter.
When we get our new house, I'm definitely getting an extra sound-proof room added on for playing guitar and trading because of my family. Though I love them, they drive me absolutely nuts when I'm watching the charts. I'd been watching this consolidation around the VWAP happening since the open of the Tokyo Exchange and knew a small breakout would happen if it could get above the VWAP. It tested up there a few times and finally broke through. I was just about to make a play for about 10 ticks when my son started running around in a Batman cape, my girlfriend wanted water, she wanted me to bathe him, etc. etc. As I ran his bath water, I see the breakout happen and just watch it 
You are way more sophisticated with this, than I could imagine. I honestly don't know the first thing about reading charts, reading annuals, etc. Would love to learn but I dont even know where to begin.When we get our new house, I'm definitely getting an extra sound-proof room added on for playing guitar and trading because of my family. Though I love them, they drive me absolutely nuts when I'm watching the charts. I'd been watching this consolidation around the VWAP happening since the open of the Tokyo Exchange and knew a small breakout would happen if it could get above the VWAP. It tested up there a few times and finally broke through. I was just about to make a play for about 10 ticks when my son started running around in a Batman cape, my girlfriend wanted water, she wanted me to bathe him, etc. etc. As I ran his bath water, I see the breakout happen and just watch it
What I've learned, and am now practicing, is using order flow and volume analysis. It's easier for me and the way my mind works using this. I didn't even know about this way of trading until Lindsay on the OG brought it up. It just works for me and I'm now just practicing it just like every other skill.
Do you try to show the correlation between volume and stock price to identify and predict trends?
Yes. As well as define if a move in price is legitimate. Meaning, if price breaks out of a consolidation area, is the volume there to confirm? If the price retraces after a move, is the volume showing me a legitimate move down or a simple pullback. It also helps to spot possible reversals... is there absorption at a price level, are buyers/sellers (depending on trend) simply falling off and moving out of the way, and/or are buyer/sellers coming in strong to move price in the opposite direction.
This all happens fast on the footprint chart and being able to spot it is key. Which is what I'm practicing now.
Here's a trade I just did after typing that last post. It was for 8-ticks on one position.
I have a strong bearish bias based on current trend, daily delta, and volume from buyers.
Price moves sideways for a minute and actually breaks through the small resistance by a couple of ticks, BUT it breaks through on low volume. I EXPECT a retracement and plan on buying in if it moves 1-tick lower than the last low, so I set a sell stop order to go short.
It hits my order and quickly prices moves down. I check my selling volume and delta and feel comfortable in my trade, so move my stop with price. I nudge it in behind the imbalance of 32 contracts sold. It goes down 4 more ticks and comes back up, creating a new bar, and hitting my stop. I could have gotten away with moving it behind the 610 mark and those 44 contracts, but hindsight is 20/20 and I was leaving a little cushion.
Footprint of the position. You can see the little red triangle showing when I sold to go short at 621 and the turquoise line is my stop that I have moved down with the price.
Same move, but on a volume profile footprint...notice those up bars have negative delta.
I have a strong bearish bias based on current trend, daily delta, and volume from buyers.
Price moves sideways for a minute and actually breaks through the small resistance by a couple of ticks, BUT it breaks through on low volume. I EXPECT a retracement and plan on buying in if it moves 1-tick lower than the last low, so I set a sell stop order to go short.
It hits my order and quickly prices moves down. I check my selling volume and delta and feel comfortable in my trade, so move my stop with price. I nudge it in behind the imbalance of 32 contracts sold. It goes down 4 more ticks and comes back up, creating a new bar, and hitting my stop. I could have gotten away with moving it behind the 610 mark and those 44 contracts, but hindsight is 20/20 and I was leaving a little cushion.
Footprint of the position. You can see the little red triangle showing when I sold to go short at 621 and the turquoise line is my stop that I have moved down with the price.
Same move, but on a volume profile footprint...notice those up bars have negative delta.
This post makes me feel really dumb. And that I should probably stop trading altogether because I have no idea what I'm doing compared to...whatever this is.Here's a trade I just did after typing that last post. It was for 8-ticks on one position.
I have a strong bearish bias based on current trend, daily delta, and volume from buyers.
Price moves sideways for a minute and actually breaks through the small resistance by a couple of ticks, BUT it breaks through on low volume. I EXPECT a retracement and plan on buying in if it moves 1-tick lower than the last low, so I set a sell stop order to go short.
It hits my order and quickly prices moves down. I check my selling volume and delta and feel comfortable in my trade, so move my stop with price. I nudge it in behind the imbalance of 32 contracts sold. It goes down 4 more ticks and comes back up, creating a new bar, and hitting my stop. I could have gotten away with moving it behind the 610 mark and those 44 contracts, but hindsight is 20/20 and I was leaving a little cushion.
Footprint of the position. You can see the little red triangle showing when I sold to go short at 621 and the turquoise line is my stop that I have moved down with the price.
Same move, but on a volume profile footprint...notice those up bars have negative delta.
AOBC has rallied a bit the last week or so. Good to see.@Alco Hauler AOBC is becoming oversold....as shown by the 14-day Stochastic dipping below the 20th percentile line. Expect a reversal soon.
Thoughts on Frontier Communications Corp (FTR)?
It's taken a beating over the last month. Currently trading at $2.11 with a dividend payment of $0.42 (20%)
The dividend alone makes it interesting, but I guess they can always turn that off or cut it like they have in the past.
It's taken a beating over the last month. Currently trading at $2.11 with a dividend payment of $0.42 (20%)
The dividend alone makes it interesting, but I guess they can always turn that off or cut it like they have in the past.
Wow.... Gonna take a look at them. I have their Fios Internet service they took over from Verizon. Pretty much hated like most cables companies, but them numbers look good.
Shares of Frontier Communications (FTR) , crushed Wednesday by a Goldman Sachs " Sell" recommendation, were falling further on Thursday.
At 2 p.m., the telecommunications services firm was down 7% to $1.97 a share, an all-time low.
Goldman analyst Brett Feldman suggested that Frontier could suspend its dividend entirely in a research report Wednesday. The current dividend yield on the stock is 21%.
"We believe FTR may choose to suspend its dividend after 1Q17 in order to delever and build liquidity to address significant debt maturities in 2020-2022, even if it is not required to do so per its bonds' covenants, " he wrote. The shares closed Tuesday before that forecast at $2.36.
Frontier didn't respond to emailed questions about a potential dividend suspension.
According to Bloomberg, 6 analysts still have a Buy rating on Frontier shares while 9 are neutral and 2 suggest selling.
Feldman set a price target of $1.50 for the shares, but many analysts still have a target of around $4.
Feldman also has sell ratings on Windstream Holdings (WIN) , down 3.3% to $5.72 on Thursday, and CenturyLink (CTL) , down just 0.1% to $22.78. Feldman has a $4.50 price target on Windstream and a $19 price target on CenturyLink (CTL).
Sort of what I suspected. If they suspend their dividend it will drop sharply. Wouldn't be surprised to see it below $1. Should be an intetesting stock to watch over the next 6 months or so.