key time here, if cannot make a new day high then the day high was in as it's the 2nd test of the day high.
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TraderJoe wrote:Well, who do you think will win the Herbalife battle, Ackman or Icahn??
After hearing the battle on CNBC, I think Icahn would buy out the company just to spite Ackman.
He does have the money to do so if he wished.
Don't you tell me what he has the money to do so if he wished. ---- That is my best Icahn impersonation.
I’m kind of thinking;
Icahn is one of the shrewdest investors around. This is his kind of game PLUS, he has a personal vendetta involved with this trade so he is twice as dangerous.
Ackman on the other hand must get help from the SEC to win this one.
We will find the answer in a few years I guess
possible triangle in the forming. bias is up in theory if indeed. wait.
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Cobra wrote:look how many breakouts this week. Cannot believe people are not interested in my weekly stock picks.
Are you kidding me??? I have a wife, two kids and a mortgage that are Very Interested.
Can't thank you enough Cobie.
Thank you.
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Cobra wrote:look how many breakouts this week. Cannot believe people are not interested in my weekly stock picks.
I bought and sold 4 of them this week
Thank you.
No, THANK YOU!!!!
I recently bought three of them and am hopeful of striking it rich!
Please don't forget the setup is meant for the short-term. Breakout, you take the bait, then remember to partial profit and leave partial to bet your luck. Sometimes you're lucky that the price simply keeps going up but sometimes, the breakout simply faded very quickly. You have plenty of chances buying base and breakout, so personally if the breakout fades, I'd be out with break even, don't want to bet my luck on just a single stock as again, since I can have plenty of base and breakout opportunities every week. Hope that helps.
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the reason I think people are not interested is we have thousands of daily readers here but for the weekly stock scans, only less than 500 visits every week, so I think most people are not interested.
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Al: Not for intraday consumption but here's the GDX weekly chart. RSI, MFI and ChiOsci are approaching extreme but not there yet. Please note the blue trendline and my poor man's attempt at drawing a dome.
Again, it's a weekly chart ya'all!
volume surge, but price not move much so might be prearranged transactions. but wait...
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