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Parabolic Stock Chart Of The Day: Unisource Energy Corp (UNS)

Posted by timothysykes on Thu 24th of Apr, 2008 12:39:15 PM

Overworked as I’ve become, I really appreciate it when you readers alert me to some solid opportunities. Today’s chart of the day comes courtesy of InvestorsLive (see MarketKid, that’s how you link when you feature someone else’s idea on your blog!)

uns1 Parabolic Stock Chart Of The Day: Unisource Energy Corp (UNS)

Rather expensive, fundamentally sound, tied to commodity prices and slow moving for TIM to play, nonetheless, I consider all surging stocks as potential shorts…just gotta be extra careful on this one as its managed to take out 9-month resistance, then again, it has gone parabolic so we could see some conso0lidation soon…

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  • Short
    More like 180 profit @ 1.91.
  • Brewster
    More like short squeeze XRM @ 2.00
  • Zykosis
    everytime i said "lets see what happens", my account shrunk
  • Short
    Short XRM @ 2.00. Lets see what happens...
  • Brewster
    I'm reading over the posts and realized I said sub 30s for UNS -- typed faster than I could think I suppose -- I'm covering this thing by the end of the day -- looking for 31.60-31.70 but we'll see what happends
  • timsykes
    yah seriously can't let this degrade into an ET-like discussion, what a jokeeeeeeeee
  • Zykosis
    nah i was jsut curious what people's risk vs reward was on that setup. MY EYES only see small reward. but wanted to see what other people saw there, and time horizon
  • Zykosis
    and whats your point. i cant use that word when having a discussion? lol :)
  • Joseph
    You called it a "dumb" trade
  • Jack is Back
    For me it's not about a "vicious" bounce. I set a price as to where I would like to cover or where I "think" resistance might be.

    Gains r only good when they are locked in. In hindsight, sure I could have held to 31.6, but as the 5 day chart for this stock shows, it moves rather quickly.

    And in closing, it is not a bad thing to play the middle of a trade. Greed kills, and I know first hand, I started trading at the school of hard knocks.

    TY Tim... I am still giving u credit for bringing up this chart, even u didn't think it was ready for the picking.
  • Zykosis
    you guys think i'm arguing, that's even funnier. you're too used to elitetrader or something. :)
    (can't there be a discussion about a trade? whether the person made money or not)
    but we're talking about high probablity setups that have LARGE downside. does this setup have large downside? if so, why not stay in?
  • Brewster
    I agree, $ is $
  • timsykes
    its not a setup for a multi $ fall, if it did tank, it'd only be $1-2, its a solid profit to take
  • Joseph
    lol you guys are funny, why are you hating on the guy for taking profits? Maybe he had to go somewhere or do something...Relax Zykosis! just do better.
  • Zykosis
    and if it's able to break that open, isnt the downward move going to be substantially larger ?
  • Zykosis
    i'm not hating, it's just why stop at 80cent profit on that setup. i mean, if you're taking advantage of that setup, shouldnt you hold longer? it's not like there was a vicious bounce or anything where you got out...
  • timsykes
    everybody has their own comfort levels, never rip on anybody for doing a trade like this, just rip on them for doing random trades...this wasnt rando, congrats jack!
  • Good job guys!
  • Jack is Back
    Always a hater... 2 trades 32.80 to 32.56 = 240-14 = 225.00
    32.49 to 31.95 = 540-14=526.00

    I sure you did better today, Zykosis
  • Zykosis
    well not kept going up, but what's the point of entering that trade if you arent going for a bigger move than 80cents...
  • Brewster
    Great heads up on FEED this morning, Like shorting UNS until it hits sub 30s. Did anybody else catch PGNX this morning and catch them on the rally...easy $$
  • Zykosis
    still a dumb trade, profitable or not. you didnt even catch 80cents. like a 2% move. bombs away? that thing could have kept going up....
  • Jack is Back
    Bingo 31.95 cover for now... that was 2 easy
  • Dan-O
    I have to get away from them, go to TOS or some other short friendly broker. Stochastics are pinned, watch for a bounce.
  • Jack is Back
    Dan=O... I like to call them ameirturd... Need more sellers or I cover here, again
  • Dan-O
    I was looking at the day view on UNS, which for some reason hasn't updated in StrategyDesk.

    On a side note I hope everyone at TDAmeritrade contracts genital warts.

    I didn't see it roll over at 33.49 which is right around my target short (which didn't fire thanks to the soon to be wart covered peeps @ TDA).
  • Jack is Back
    bombs away...
  • lol DAN-O losing ground as we speak best to have a near $33 avg because this thing bounces like a spring
  • Dan-O
    Is it too late for take backs on UNS?
  • Short
    XRM up +40% on no real news today. Good play?
  • Jack is Back
    nice short on FEED becareful with that piggy chit...
  • Jack is Back
    32.39 on UNS... next 32. or 31.9
  • I am short FEED 19.94 I have been waiting for it to break down lol been holding for a while, stop loss just over 20

    UNS starting to break down here under 32.50 now
  • Jib
    My GOODNESS! FEED for the WIN! I bought in at 17.88! I'm gonna milk this stock for the third time!
  • Dan-O
    IMO It's too early for a short on UNS
  • Jack is Back
    hey dude, u put the chart on your site, i looked at it and still think that UNS has run too far too fast... Blah... the news... same company as it was yesterday...

    Chit... I might have to short again... looking so weak...
  • Jack is Back
    quick scalp, DJ looking to strong, cover 32.56
  • timsykes
    woahhhhhhhhh dont even try to say i recommended going short this thing, its up on solid news, not a pump and dump, u might get a$1-2-3 retracement, but the risk-reward aint worth it for me
  • A
  • Goose
    What does white in the eyes mean? Sorry forgive me for asking a noob question
  • Jack is Back
    32.5 goes, 32 is next support from this mornings pop,
  • daveinjapan
    Safe to short MBRK yet, or can we not yet see the white in their eyes???
  • Jack is Back
    UNS short at 32.8 thanks to you and Market Kid
  • Dan-O
    You are seriously overworked, don't burn out. My bank account needs your help.
  • A
    Dang, shoulda coulda woulda bought around 25. How the heck do you identify charts like UNS BEFORE they make a move like that? Other than filling the early March gap, it is not like it had a clear breakout or anything to begin the move.
  • TIm-

    Wow, does your chart ever scream more of a no brainer than mine. That's a good example of this: http://www.timothysykes.com/2008/04/07/why-smal...

    Keep up the great posting, this may keep bouncing around until it test 32.50 where people will start taking profits in fear of the worst...
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