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SPKL - The Spicy Pickle - Page 5

post #81 of 403
10/19/07 at 4:08pm
Quote:
Originally Posted by foxtrot6 View Post
I dont think chart reading would have done you any good this time.
This was just a new company that is really getting it togeather and a lot of people found out about it for the first time.
I aslo think someday we are going to look back at $2 as CHEAP.
It may not have done you any good but that just means you're not looking at the right things. This is not a jab at you, so please don't be offended. I can just tell you from looking at the chart there were clues and charts are always beneficial as tool for making trading decisions.
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post #82 of 403
10/19/07 at 4:12pm
Quote:
Originally Posted by everso View Post
i agree with you about buying at the beginning of a run....however i don't think this stock is really having a "run" per se....i think it's just a solid growing company with an even more solid upwards trend of the shares.

i don't see it as being overvalued. they're opening tons of branches....this is gonna be a big group of restaurants! i think it's gonna keep slowly growing...with small pullbacks.
You have to understand that stocks move in waves. Even the strongest and most undervalued stock rarely if ever goes straight up. To break it down simply, they usually move in steps. For example it may take 5 steps forward -> get overbought (temporarily) -> take 2 steps back -> trade sideways for a while -> then another 5 steps forward. Pullbacks and consolidation are always going to take place. Always.
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post #83 of 403
10/19/07 at 4:19pm
Here we go. Gap's about to get filled today. Think I might buy a small core position today, but gonna have to wait for nice drop first...
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post #84 of 403
10/19/07 at 5:17pm
Quote:
Originally Posted by everso View Post
i can see these shares being worth AT LEAST $5 by Thanksgiving.
not 5 but $3 for sure

i was in at 1.16, sold at 1.38

just bought back in at 1.74..... the Pickle is IN
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post #85 of 403
10/19/07 at 7:48pm
I see the stock closer to 2 bucks end of year. Remember this post.
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post #86 of 403
10/19/07 at 8:22pm
Thread Starter 
Quote:
Originally Posted by lewispberry View Post
I see the stock closer to 2 bucks end of year. Remember this post.
Ill bet 2+ but -3 somewhere around 2.50 or better
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post #87 of 403
10/19/07 at 8:28pm
Thread Starter 
Quote:
Originally Posted by simonyadig View Post
It may not have done you any good but that just means you're not looking at the right things. This is not a jab at you, so please don't be offended. I can just tell you from looking at the chart there were clues and charts are always beneficial as tool for making trading decisions.
I dont really agree with 'always'. This is a new company, dosent have any public history. The way I see charts are as a history book of a stock. Do agree they can be helpfull though if you know how to use them, I just dont put a 'lot' of weight on T/A
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post #88 of 403
10/19/07 at 8:47pm
Quote:
Originally Posted by foxtrot6 View Post
I dont really agree with 'always'. This is a new company, dosent have any public history. The way I see charts are as a history book of a stock. Do agree they can be helpfull though if you know how to use them, I just dont put a 'lot' of weight on T/A
Even if a stock is a couple days old, bust open 5 minute chart and you'll have a perspective on the trading that otherwise you wouldn't have.

In mid September SPKL's chart started to give hints of a breakout. During the breakout you could have used the charts to negotiate flipping or to just confirm the strength and tell you to hold. At this point you have more than enough data to give you a very descriptive picture of the current situation. I could go much deeper than this, but I'll tell you from a lot of experience TA always can benefit you. Even if it's a stock that has virtually no volme, TA tells you that. It's always telling you something. If you don't want to believe me, that's your choice.

I trade for a living but without chart TA, I would just be a (broke) gambler.
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post #89 of 403
10/19/07 at 11:08pm
Quote:
Originally Posted by simonyadig View Post
Even if a stock is a couple days old, bust open 5 minute chart and you'll have a perspective on the trading that otherwise you wouldn't have.

In mid September SPKL's chart started to give hints of a breakout. During the breakout you could have used the charts to negotiate flipping or to just confirm the strength and tell you to hold. At this point you have more than enough data to give you a very descriptive picture of the current situation. I could go much deeper than this, but I'll tell you from a lot of experience TA always can benefit you. Even if it's a stock that has virtually no volme, TA tells you that. It's always telling you something. If you don't want to believe me, that's your choice.

I trade for a living but without chart TA, I would just be a (broke) gambler.
So what does the chart tell you at this point Simon??
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post #90 of 403
10/20/07 at 5:55am
I love SPKL more than ETIM!

We are in the 1.7s again, but this is not bad at all. In fact, we will see a real nice run after this pullback I bet. Pullbacks are normal and healthy!! Everyone who was thinking about getting in at the 1.80s-1.90s will be jumping in now! I predict 2.00+ before the end of October (Halloween!!). IMO
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post #91 of 403
10/20/07 at 4:46pm
Quote:
Originally Posted by simonyadig View Post
You have to understand that stocks move in waves. Even the strongest and most undervalued stock rarely if ever goes straight up. To break it down simply, they usually move in steps. For example it may take 5 steps forward -> get overbought (temporarily) -> take 2 steps back -> trade sideways for a while -> then another 5 steps forward. Pullbacks and consolidation are always going to take place. Always.
Sounds like TTGL huh... lol
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post #92 of 403
10/22/07 at 11:48am
Fingers crossed for a good day here.
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post #93 of 403
10/22/07 at 1:49pm
We want a sell-off.
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post #94 of 403
10/22/07 at 1:52pm
looks like you got one.
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post #95 of 403
10/22/07 at 1:55pm
No that sucks. I want more shares. Can somebody bash or something?
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post #96 of 403
10/22/07 at 2:06pm
I was going to quote one of my previous posts, but I'll be nice. LOL
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post #97 of 403
10/22/07 at 6:19pm
Blooey, what are you doing in Osaka? I was born in Yokosuka on the U.S. Naval Base. Just curious.
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post #98 of 403
10/22/07 at 6:28pm
Trying to trade my way out of English teaching! LOL
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post #99 of 403
10/22/07 at 7:15pm
In @ $1.85.


We'll see how it goes.
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post #100 of 403
10/22/07 at 8:20pm
News out right now:

http://biz.yahoo.com/iw/071022/0318572.html
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