Stock watch for next week
We can’t touch the stock that ran up for the first and 2nd day rally as we do not know the real interest participated by MM and traders. We have yet to really digest the recent announcement made by the company before we could attempt any trade. Due diligence is required on our part to find out the true value of the products and the management who run the company. It will take 2 to 3 days for the analysts, institutional investors to put their stake in the company upon the release of the news. Patient is needed if we want to be a successful trader/investor to make money in this market. Look at the technical and fundamental of the company.
See, what happened to AVNR, there are many traders who got stuck with their shares bought over $5.00 at this moment. We do not know where the bottom and the support are. When we are uncertain of the trade, it would be wise for us not to trade until the third day look out for indicator and fundamental.
We have to go back to basic that are “Risks and Rewards” involves. One can only ascertain the “Rewards” after close monitoring of the stock, technical and fundamental analysis.
ONT
The consolidation and profit taking would have just completed yesterday and it is about to begin the next rally may be 2 to 3 days into next week. As many Wall Street watchers observed that it is the work of Hedge Funds who intentionally shorted the stock to scare the small time traders and investors to sell the stock when they can buy the stock at a discounted price. This is the opportunity for us to buy Big (based on your capital reserves) and ride the uptrend. Buy entry either below 2.30 or 2.40.
ONSM will follow the ONT as they are on the same products.
MGRM
It had been very volatile trading for the past 2 days and also become the target of the Hedge Funds. Meanwhile, Thomas Weisel Partners began covering the biotech sector. The firm says a Monogram Biosciences (nasdaq: MGRM - news - people ) HIV diagnostic test is a trailblazer and predicts Monogram's revenue will continue to gain into next year.
It is against my discipline to jump into this stock within 2 up days, but after looking at the trading pattern of MGRM for 2 days, based on high opening in the morning; it is worth a punt and rides the wave on the uptrend as the “Rewards” are higher than the “Risks”.
I will not make any comments on ONSM at this moment.
Feel free to give your views of the above.
19 comments:
ONT Fundamental
ONT is onto someting. Something big! ONT makes the best codec for the ubiquitous FLASH video and sells encoding platforms for social networking sites and individual developers. ONT also sells transcoding tools so that all those FLASH videos can run on mobile devices. And ONT licenses the codec to chipset makers so that it will soon come embedded in many consumer electronics devices. The revenue model here is "back-end loaded" (in other words royalties, royalties, and more royalties) so once ONT hits critical mass in the mass media - the profitability of the company will go through proverbial roof. Besides all that. Adobe will likely buy them at a major premium before the horse leaves the barn for good.
Google snaps up more of the online advertising sector
THREE TIMES in a row now Microsoft has been trumped by Google as they tussle to acquire juicy online operators. First it was for a stake in AOL, then for YouTube and most recently for internet advertising company DoubleClick.
Within hours of the deal being announced, Microsoft was pressing for a review of the proposed purchase arguing that there were competition and privacy concerns. Microsoft general counsel Brad Smith said: "By putting together a single company that will control virtually the entire market Google will control the economic fuel of the Internet." Smith added that Google would gain "an unprecedented degree" of personal information about internet users' activities.
There is now speculation that Google's move will "Spark More Merger and Acquisition activity throughout the rest of the Online ad market".
Try to figure out the potential company to be acquired by Google, Microsoft, Dell, HP, Intel & Oracle.
"Merger & Acquisition"
MGRM & ONT - I will be watching both basing on the graph I sense that MGRM will perform this comming Monday and ONT will latter in the week may be wednesday.
EPCT - still searching for any clue on the volitility last week.
Kwa, Morsid
Watch Video & “Listen Carefully”
You were not taught when you were in Broker’s Course.
It is no surprised to me that most of the Brokers in Singapore also lost money in the market.
The market controlled by the Professional, The Smart Money like Jim Cramer and many others.
We must know where “The Smart Money” MOVE
Position yourself (BUY) when they move in, Buy Big
How can you identify their move? Look at the volume and the chart; you won’t be able to see unless you subscribe to “REAL Time Chart”. The smart money is equipped with Tools, machine, knowledge and off course “money”.
The rally usually will last for 2 to 4 days; do not sell too early when the rally has just begun. Maximize your gain and minimize your loses.
Morsid,
MGRM share price surge for the last 3 days due to this Tuesday Pfizer meeting with FDA waiting for approval of their testing devices in its quest to develop “Maraviroc” for HIV infected patients. If Pfizer's maraviroc is approved for treatment of certain HIV infected patients, Monogram's tests will be the bench test which will find Pfizer's patients.
Monogram's tests, which are 100% effective in telling doctors what strain of HIV a patient carries, will become required all over US and around the globe.
Probable Scenario
We have to wait for the out come of this meeting on Tuesday. Most likely, MGRM trading would be halted on Tuesday whilst waiting for FDA panel announcement.
Similar scenario had happened to DNDN.
Message from Finance Yahoo, the two days prior to the DNDN recommendation, the stock crept up, and then halted before news release. Trading resumed in pre-market where the price went from around $5 to $19...market open...it opened around $18...ended around $12. Over the next few days it hovered around $11...then was driven up to $25...now back to around $15 - now waiting for decision.
Now, let’s talk about Risks & Rewards
Assume that MGRM share price up on early Monday morning, say $3.00.
What would be the best entry price that we want to buy?
Will there be any sell off or profit taking in the afternoon?
What if the result of Tuesday meeting is negative?
Based on my assumption
The details break down of Pfizer testing devices to develop Maraviroc could have with FDA penal one week before the meeting. One of the directors from Pfizer could roughly know the outcome, but it is not finalized.
The smart money are watching closely of the development to trigger the buy and sell orders before, tomorrow, or Wednesday morning after the results announced.
Buy on rumours and sell on facts that were exactly happened to DNDN and AVNR.
However, those who already position themselves (bought 1 or 2 days earlier) would be able to off load ¾ of their shares to lock their gains and the remainder sell after the announcement on Wednesday.
Kwa, any reply from Google?
Morsid, pre-market 2.41 - 2.42
High pre-market 2.61
Sold 4K 2.35
Will go in again below 2.30
MGRM - not stable, cos PFE was downgraded by Prudential
Tonight high - 2.41 lower than yesterday high 2.60. Its not a good sign, go in later
Support & resistance at 2.30
Look like a false break out, bcareful, lowest support tonight at 2.25.
We may see the price go below 2.25 later. Ther isn't buying interest above 2.32 at this moment.
Watch the smart money movement, 35k q to sell at 2.32
ONT support at 2.15 and 2.08
MGRM - I jump in at 2.28 earlier...
Did you subscribe to alphatrade 2 week free trial?
Next support 2.22 & 2.08
Will go in later after lunch US time
Not yet - currently using poems buy / sell volume.
Tonite some problem can't see the volume.
I sold at 2.29 to cut loss.
Current situation don't look good for MGRM ... do not know anything going on yet.
Prudential downgraded PFE caused the sell off. Probably, they want to buy cheap after 3 pm whilst waiting for the release of testing PFE testing results tomorrow.
I will not attempt trade without the real time chart.
Morsid
You should not sell if you buy 500 shares, it may go up towards the closing.
For me, I am waiting for the price go below 2.15 after lunch Traget price bwtween 2.10 to 2.14 (or look at the situation the lowest of the day) and I will buy 6K and sell 3K at the end of the day the remainder of 3K for tomorrow.
More often, smart will cover their shorts half an hour before closing. That is the time for me to sell half of my shares 5 minutes before closing. This is my strategy and displice that I exercise in order to make money.
DNDN turn around
Low for the day was 14.92, now 16.38, could be shorts covering by smart money after 7 to 8 down days.
Financial Instituition house equipped with trading tools and professional traders in trading room concentrate on 1 or 2 counters. They have accumulating DNDN $15.0 to $16.00 for the past 3 trading days.
I have to see later in the afternoon what would be the outcome.
MGRM is moving now at pivot 2.27, Could it be another false breakout in the making?
Am waiting for 2nd round sell down to 2.21 to confirm the lowest price of the day.
Morsid, are you still around?
hi all,
kwa here. just created another new account. q ont @2.10 1k last nite but could not get it. onsm is going down. how soon will it rebound? dare not go in other counters. guru, need your advise..
kenttk
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