Clean & Quick

Clean Energy has been making strides; up 29% since I picked it up and 16% today let alone.  They had earnings today and the beat helped push the price up to new highs. 

What a tease Quicksilver has been... and still is.  They beat in earnings, (though still reported negative) and ended the day down 8%; ouch.  I'm still up 20.5% on this position and im going to hold; what was the upper resistance seems to have turned into a lower support.  We'll see if this holds as I hold onto this.

- Krames

A little busy

Quicksilver is golden right now; the past 7 days have been nice up days.  Tomorrow is their earnings report which could be big, and I'm already up about 25% on this position.  It HAS pushed through my upper resitance line, I believe that this security may very well soar higher as I've said in my previous posts. 

ZQK

Wheat is also moving slightly down since my post on the threat of India lifting their export ban; I have not seen any updates on this.

/ZW (wheat futures)

Playboy hasn't done too much, but it is still up about 3% since I picked it up; I think its somethign good to hold on too.

Been a little busy, I'll try to get some charts up soon

- Krames

- Krames

Quicksilver

Quicksilver has been looking good over the past week, up over 19% since I picked it up.  It is right at the top resistance line right now, but I wouldn't consider this too much of a worry with their earnings coming out in 3 days; I'm pretty coonfident they'll beat.  Updated chart below.

- Krames

Friday

So lets touch on yesterday a little bit...

• The overall market.
• The Dow closed up over 120 points  +
• Unemployment stayed unchanged, rather than increase +
• On some of my recent things to watch
• Wheat: -1.74% (export ban lift decision next week)
• BEE: +14.43% (nice pop!)
• GRT: +4.88%
• CBAK: up a bit, but holding against those resistance lines. Chart below
• ZQK:  +1.37%, +14.73% since bought a few days
• GS: keeps climbing... BUT its right on the resistance line now.  Have my stop set for 170 still; been in it too long to miss it.  Chart below

                                CBAK

                                 GS

Any winners yesterday for anyone?  Have a good weekend.

- Krames

A couple updates

Just a couple updates here.  Still feeling real confident on ZQK especially with their earnings coming up; since my buy at the open yesterday I'm up 12.79% on that position, caught a really nice candle.  It still hasn't passed my upper trend line, I wouldn't frown upon the idea of buying some more, but I'm not going to.  Heres the updated chart.

I'd also like to talk about CBAK; I wrote earlier about this looking interesting because of all the converging trend lines.  This has moved down 2.77% today, and the bottom support horizontal trend lines seem to show that this stock may break down further.  I have posted two charts below, both updated and the same thing, but different time frames.  If you look at the second chart, a zoomed in look at the point which the trend lines intersect shows an interesting point of resistance. This is  particularly interesting because it is the intersect of three long term trend lines (5 year daily trend lines) in the grey box.  I feel this solidifies the point of resistance, and this is meant to go down.

Gotta run some errands.  What do we think?

- Krames

Filled ZQK order

@ 2.58

Quicksilver looking like a good buy

Got a nice little chart here for Quicksilver (ZQK); this has an asymmetrical triangle approaching its vertex thats signaling a break up.  Notice the breach of the upper support line where circled green.  I believe this can be ignored and viewed as being a false action based on the abnormal spike in volume at the time; just some over trading IMO.  Seems to have been performing pretty well lately earnings wise, it has beaten estimates the past 6 reports.  This is another justification as to why I believe this puppy is going to climb, their next earnings is 3/11(circled in yellow).  I'm putting a buy in for this as we speak, I will post the fill price tomorrow.