Trading for a living
Welcome to my blog. We can discuss and express whatever in our mind or our in little voice with regards to US stock market. I shall also open other topics for discussion but not today.
Daily Stock Picks
The outlook of US stock market tonight is in the negative after the profit taking by the Fund Managers and Traders across Asia market today. Yes, like I said, do not expect the market to go up everyday as the profit on paper will only be materialized upon cash out. We will expect a knee jerk reaction in early trading, 1st half an hour by the shortist, Fund managers and traders. However, this panic selling is an opportunity for us to buy at a discounted price.
I don't know whether you have cash out your profit for ONSM yesterday. The support for ONSM at $3.00. Tonight, I will be monitoring ONSM and AVNR, new counter.
Wednesday, April 18, 2007
AVNR is the next DNDN?
AVNR closed @ 5.19
Volume today on a successful study result was humongous - over 80 million shares traded, 2x the outstanding shares! That kind of volume we saw with DNDN after a positive fda review. I don't know what's really going on in terms of who's buying who's selling or who cares about this company, but i do know that 80 million shares trades is significant. As such, i put in a play with June 10 calls and see what happens.
Last year, Cramer recommended this stock at 12. His listeners hated him for that one. lol
Very speculative play, all or nothing.
Link to Finance Yahoo http://finance.yahoo.com/q?s=AVNR
Feel free to post your comments
14 comments:
Hi All,
Regarding the AVNR yesterday I bot @ 3.90. But the stock went down after that to as low 3.7.. thus when it went up to 3.82 i sold it at 3.82 to cut loss. Suprise today 2 $6. what a luck ?
Today... any comment on IVAN ?
AVNR is running fast, very volatile.
As I type the before hours is $6.16
Speculation by Wall Street, it will follow ACOR
Check stockcharts.com
The price low in October 06 was $2.20
AVNR with the arrival of New CEO, there is a change of event in the company from red to the black.
There were many changes made in the company and he was over qualified for the position in the company. Let see what he has with his brilliant ideas that promise a great potential for the company to grow.
Morsid, you have to subscribe to alphatrade where you can see real time chart that at least will guide give you some ideas.
I am going to buy small quantity tonight say 300 shares. Don't panic to sell when the price go down after you bought.
Speculation, the price can go up as high as $8.00 at the end of the day.
Morsid, don't touch Ivan, profit taking in progress.
AVNR, let see the first half an hour,
We have to see the the high and low, it was down just now to 6.00, see if the next leg down is higher than 6.00, then you can go in. At the same time you to see the high price. If the the price can't breach the high of today 6.75, it will re-visit near the low of 6.00. However, if the support of 6.00 is breached, the price will go down lower. Buy entry is very important for a volatile trading.
The support of 6.00 breached, the next support is at $5.60.
I don't know whether Kwa is watching our discussion?
Latest
Support at 5.50 and another at 5.30
FYI
Check my e-mail regarding ONT
The support is at 2.06, this morning low was 2.04
Nest support at 1.80, unlikely to reach that low.
AVNR bottom for today 5.62
Just wait for another pull back to above 5.80, I will go in
I also watching MGRM at $2 but did not enter but now hitting 2.45 I just don't know why i did not enter looking at the graph it suppose to be bullish.
Not familiar with MGRM, I don't see any announcement. See during or after lunch. This is the time where traders lock their profit.
AVNR 3 supports have been breached just now based on 10 mins chart. Don not touch
MGRM is running fast, wait for the pull back at 2.34 or 2.28
MGRM - i think the share been accumulated @ 2.3- 2.35 by somebody.
Good entry price will be at 2.24 where the strong support is.
Google Inc. is expected to announce that its sales and profit are growing fast when the Internet-search leader reports first-quarter financial results late Thursday.
The share prices of the stocks that are related to Google will be affected if the results do not meet analysts expectation tomorrow AM.
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