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SK's Heir To The Throne: $3,000 to $6,000 -- Currently $4,940 - Page 3

post #41 of 282
Thread Starter 

tongue.gif
 

Quote:
Originally Posted by Cubs18 View Post

Rack City Bitch, Rack Rack city bitch2guns.gif

 

 

 

 



 

post #42 of 282
Thread Starter 

"The goal of a great trader is not to make money, his goal is to trade well"

post #43 of 282

"It sounds very easy to say that all you have to do is to watch the tape, establish your resistance points and be ready to trade along the line of least resistance as soon as you have determined it.  But in actual practice a man has to guard against many things, and most of all against himself – that is, against human nature"

post #44 of 282
Thread Starter 

Quote:

Originally Posted by Cubs18 View Post

"and most of all against himself – that is, against human nature"



I hate human nature horse.gif

post #45 of 282
Thread Starter 

Quote:

Originally Posted by rdizzle View Post

Nice job SK.

What are some of the stocks you are watching currently?



Thanks drizzle

 

I am currently watching all the stocks I've been talking about. HGT, SJT, UNG, WNI. 

 

HGT

Screen Shot 2012-01-23 at 4.10.55 PM.png

 

Loving the candle, volume, and price on HGT.. this short squeeze seems like its gonna implode. That $15.35 level is from the weekly, and another aspect I love about HGT is the weekly pinch climax. If this plays out how I predict I can see HGT seeing $18 again. To get to $18 it will have a demand test around $16.70-17.40 area. 

 

EDIT: Also look at that volume the past 10 days 2guns.gifMASSSSSSSSIVE


Edited by Stock King - 1/24/12 at 3:29am
post #46 of 282
Thread Starter 

Honolulu, Hawaii - January 24nd ... The weather, gray.. the rain, thick.. haha.. I wake up, depression all around me. Dark thoughts crowding my mind. Then I open the draws and I see two things. I see the warm top loafers, and I see the crisp cashmere socks and I know that today is gonna be a good day. Hundred dollars a sock, two ankles, you do the math. Pull them on, socks on first, followed by the loafers, then I knew from that day, that week, that month, that year, that decade, that millennium, that we would be rich forever.

post #47 of 282
Thread Starter 

HGT currently at $15.57 2guns.gif

SJT currently at $19.45 2guns.gif

UNG currently at $5.53 2guns.gif

 

Am I in any of these plays currently? No. frown.gif

 

EDIT: WNI hit 10.80 (resistance), I alerted this stock a week ago around $9.25 koolaid.gif


Edited by Stock King - 1/24/12 at 9:18pm
post #48 of 282


 

Quote:
Originally Posted by Stock King View Post

HGT currently at $15.57 2guns.gif

SJT currently at $19.45 2guns.gif

UNG currently at $5.53 2guns.gif

 

Am I in any of these plays currently? No. frown.gif


Can't say that ur not on the right track... I can see that $6K coming in no time...

post #49 of 282
Thread Starter 

Quote:

Originally Posted by perezidential View Post


 


Can't say that ur not on the right track... I can see that $6K coming in no time...


Thanks man, but sadly I only got in SJT. For some reason I was hesitant to buy HGT, I always think twice of buying into a rally.. usually i'll back off and this time I did as well. hmm.gif

 

I have a couple stocks I'm adding to my list for this week. I'll post some analysis in a lil bit.. 

 

post #50 of 282
Thread Starter 

Adding RTIX and HEK to my list for this week. 

 

Screen Shot 2012-01-24 at 7.43.16 PM.png

 

Screen Shot 2012-01-24 at 7.50.58 PM.png

 

Really liking RTIX around this $3.78 area

post #51 of 282

You need to change your name to PinchKing...you always find the best ones....

post #52 of 282
Thread Starter 

Thank you sir for the kind words.. 
 

Quote:
Originally Posted by OldFart View Post

You need to change your name to PinchKing...you always find the best ones....



Man HGT and SJT are on fiyahhhhhh

post #53 of 282
Thread Starter 

GODAMN!! 

 

 

HGT: BALLLLLIN

 

Screen Shot 2012-01-25 at 7.16.52 PM.png

 

nastycrossover.gif

 

SJT: CRUSHING THROUGH RESISTANCE!

 

Screen Shot 2012-01-25 at 7.21.19 PM.png

 

killdozer.gif

 

UNG: BAWWWWWLIN

 

Screen Shot 2012-01-25 at 7.26.03 PM.png

 

AntonioDanielsPosterizesKirilenko.gif

post #54 of 282
Thread Starter 

RTIX acted accordingly! Currently at $3.93
 

Quote:
Originally Posted by Stock King View Post

Screen Shot 2012-01-24 at 7.50.58 PM.png

 

Really liking RTIX around this $3.78 area



 

post #55 of 282

really good finds SK....thumbup.gif

post #56 of 282
Thread Starter 

HEK is still testing supply.. this price looks so much more attractive now @ $5.23

post #57 of 282
Quote:
Originally Posted by Stock King View Post

HEK is still testing supply.. this price looks so much more attractive now @ $5.23



SK ... that volume today is not a supply test.  That's a full on selling climax.

post #58 of 282
Thread Starter 

Quote:

Originally Posted by Rock Sexton View Post



SK ... that volume today is not a supply test.  That's a full on selling climax.



Yeah I said that wrong. I'm def liking this stock for Friday and the next couple of days. 

post #59 of 282

Can you tell I'm watching the throne?

Broke through the trend line. Next step is to test the October lows and look for an entry point around 5$? 

What's a good indicator that the selling climax has subsided?

 

post #60 of 282
Thread Starter 

laughing.gif Jay-Z and Kanye's or mine? tongue.gif
 

Quote:
Originally Posted by perezidential View Post

Can you tell I'm watching the throne?

 



I'm gonna keep an eye on HEK, like you said it might test Oct lows but it might not. $5.10 looks like a good price. 

 

There is no indicator that I know of to see if a selling climax has ended. You just need to watch price and the candles to see if it has ended and is establishing a bottom but even then you need to be aware of more selling, this is when supply tests come in. Higher lows is key.  I can def see this stock moving back to $5.44 

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