Technical Analysis Shorting Opportunities: PNK, GGC

E-mail Comment Del.icio.us Digg Reddit Technorati Furl

Technical Analysis Shorting Opportunities: PNK, GGC

Mar 7, 2008 Technical Analysis

First stock we’re looking at here is GGC. This pattern has not triggered a short position yet but appears that it could become a very profitable trade on the short side. Currently price is consolidating in a descending triangle pattern, if price breaks down the 5.75 support level there isn’t any support until around $3/share leaving lots of room for this to run for the bears. If price breaks down 5.75 i want to go short GGC.

Second stock were looking at is PNK which has been quite volatile to the downside. After a short term consolidation it appears its on its way for another leg to the down side with todays breakdown of the descending triangle. I’m gonna go short on this Friday.

This entry was posted on Friday, March 7th, 2008 at 4:19 am and is filed under Technical Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

blog comments powered by Disqus

Untitled Document

June 09' - Portfolio Return: +2%
TSTR	1.48	1.66	+10.84%
CHLN	4.36	5.45	+25%
MEA	4.35	5	+13%
ACTC.PK	.19	.245	+28.95%
LVLT	1.25	1.65	+32%
DAN	1.40	1.85	+32.14%
GMGMQ	1.04	1.55	+49.04%
ALTU	.4347	.475	+9.27%
GNVC	.7972	.895	+12.27%
BZ	1.85	2.46	+32.97%
CTIC	1.41	1.76	+24.82%
CZZ	5.11	6.3	+23.29%
MAY 09' - Portfolio Return: +23%
EGO	8.89	9.80	+10.24%
WGW	2.08	2.55	+22.6%
ANPI	1.205	2.17	+80.08%
PMI	2.01	2.15	+6.97%
TEN(S)	6.18	4.96	+19.74%
RDN	2.565	3.21	+25.15%
NCOC	1.60	2.30	+43.75%
PQ	3.60	4.25	+18.06%
CPSL	1.83	2.82	+54.10%
WRES	1.86	2.39	+28.49%
CDE	1.265	1.62	+28.06%
IO	2.27	2.85	+25.55%
HNSN	4.95	5.77	+16.57%
PWAV	.785	.876	+11.59%
APRIL 09' - Portfolio Return: +17%
BZH	1.46	2.30	+57.53%
QTM	1.03	1.43	+38.83
MHO	9.90	11.45	+15.66%
CAR	1.05	1.45	+38.1%
BZH	1.46	1.64	+12.33%
FEED	3.10	4.15	+33.87%
CPSL	1.34	1.66	+23.88%
TSL	11.91	13.45	+12.93%
LDK	7.02	8.05	+21.08%
YRCW	5.61	4.17	+25.67%

10 Guests, 0 Users

[Stock Picking]	IVN by ket1390	July 03, 2009, 01:27:17 AM
[Penny Stock Picking]	NNLX.PK by ket1390	July 03, 2009, 12:13:02 AM
[Penny Stock Picking]	Re: UTA - formerly trading under Symbol UTVG - Insider Selling by HK	July 01, 2009, 07:31:25 PM
[Major Indices]	Re: S%P 500 by ket1390	June 07, 2009, 06:10:01 AM
[Technical Analysis]	Re: Favorite Websites or Tools by cburk	June 06, 2009, 08:59:11 PM
[Technical Analysis]	Re: Favorite Websites or Tools by tokyopua	June 06, 2009, 01:38:50 PM
[Stock Picking]	OGXI by mysher	June 05, 2009, 09:28:49 PM
[Fundamental Analysis]	Re: FYI: The Rising Risk of a Systemic Financial Meltdown by Nicole17	June 04, 2009, 10:41:25 PM

2008-04-01: I have been a member of TTT.net for about a year and a half. My portfolio has increased more than I could have ever imagined. Not only have I made money, I learned a lot just from using some of Cameron Fous’s ideas when it comes to trading and some of the psychology behind the market. Anyways, I love the site! bbtss001 ( Bryan Bero )

2008-03-31: Cameron Fous is by far and away the most skilled stock adviser I have ever seen in my life. I have been a member of several Motley Fool subs, Stansbury, IBD, etc. Fous makes em all look like chumps. My man will always take the time to answer you directly and he’s always chill and funny. Up 400% in 2 yrs. Spanking the S&P by 23,000%!! Are you freaking kidding me? If you don’t believe, go to his site, he’s got nothing to hide, look at every trade over the last two years, pick your jaw up off the floor and sign up. See ya in the bull pen. DarkMatter

2007-10-18: I found Cameron Fous’ remarkable site during my morning ritual reading of “Seeking Alpha”, but when I also found his writing at “The Bull Trader” I took notice. A quick trip to this web site revealed an exciting talent with an aggressive posture and a ‘take no prisoners’ mentality (“protect the PROFIT”) that is needed in this volatile and opportunity rich environment. I am planning on walking with Mr. Fous for as long as he allows the company. His site is THE PERFECT EXAMPLE as to how the internet has become the perfect forum for the average individual investor. As I former US Army officer, I believe Cameron displays a unique leadership style common to great strategists…he does not scream “Charge” but rather states “Follow Me”…lead on Cameron… David Ross Hall

2008-04-14 I have been a member of TTT.Net for over a month now, and the stock tops that Cameron Fous suggest are phenomenal. My portfolio has seen a substantial gain thanks to his stock suggestions. I like the technical depth that he goes into while picking the stocks and looking forward to seeing more from Fous and TTT.net. -gopalakx

READ MANY MORE HERE!

thetechnicaltrader.net

Technical Analysis Shorting Opportunities: PNK, GGC

Recent Posts

Meta