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CCJ, BTU, ATI


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#1 hiker

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Posted 01 February 2006 - 11:45 AM

simply a trade update and a method to my madness:

sold longs today in CCJ and BTU...back in on pullbacks and/or moves above the new all-time highs

sold ATI this week - same reentry method

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reentered UPL long on the pullback last week...let's see if it can break above the top of the rising trend channel on the weekly or that may be the place to sell again.

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RHEO - continue to add lightly on all pullbacks below $11.80...most of the long entry was below $9.00. Note the 20 and 21 ema's are in the mid $10's....so, am going to assume this one is safe to hold long until a close below those ema's...very risky play because awaiting trial data and FDA approval is many months away, but the potential reward may justify the risk since this treatment for dry AMD will be the first available in the U.S.
why is it important to wear sunglasses, even on cloudy days?

UV damage to the eyes is cumulative during the lifetime

blindness from UV damage to the eyes is preventable for the current younger generations -

elvis wore shades - by the Cleveland Clinic

#2 hiker

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Posted 01 February 2006 - 01:23 PM

http://stockcharts.com/gallery/gv?mtw

another one I sold longs....having trouble taking out the new all-time high.

Buying pullbacks may make sense, or moves above the high.
why is it important to wear sunglasses, even on cloudy days?

UV damage to the eyes is cumulative during the lifetime

blindness from UV damage to the eyes is preventable for the current younger generations -

elvis wore shades - by the Cleveland Clinic

#3 hiker

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Posted 01 February 2006 - 01:51 PM

MTW releases earnings tonight with CC tomorrow.
why is it important to wear sunglasses, even on cloudy days?

UV damage to the eyes is cumulative during the lifetime

blindness from UV damage to the eyes is preventable for the current younger generations -

elvis wore shades - by the Cleveland Clinic

#4 hiker

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Posted 01 February 2006 - 04:30 PM

MTW preannounced guidance on Jan 10 - Manitowoc sees Y05 EPS to meet or exceed upper end of guidance, guides Y06 EPS towards upside (MTW) 55.35 : co issues upside guidance for FY05 (Dec), sees EPS of at or above $2.35 vs. $2.35 Reuters Estimates consensus. Co issues upside guidance for FY06 (Dec), sees EPS of $3.45-3.75 vs. $3.48 consensus.

Edited by hiker, 01 February 2006 - 04:32 PM.

why is it important to wear sunglasses, even on cloudy days?

UV damage to the eyes is cumulative during the lifetime

blindness from UV damage to the eyes is preventable for the current younger generations -

elvis wore shades - by the Cleveland Clinic

#5 hiker

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Posted 01 February 2006 - 05:56 PM

CCJ info:

Cameco reports Q4 results; announces 2 for 1 spit and boosts dividend (CCJ) 79.08 :

Reports Q4 EPS of $0.40, ex items vs $0.21 in Q4 2004; revs rose 45% yr/yr to $522 mln. Co expects consolidated earnings for the first quarter of 2006 to be significantly higher than those of the first quarter of 2005. Co also announced a 2 for 1 stock split and an increase to the quarterly dividend from $0.24 to $0.32 ($0.16 post split).

http://biz.yahoo.com...ameco.html?.v=1

acquisition announced:

http://biz.yahoo.com...catec.html?.v=1

note today's volume on this one-day 8% selloff -

http://stockcharts.com/gallery/?ccj

closed just above the 20 ema and 21 ema on the daily chart (a sustained move below these ema's may increase the risk of bottom picking a long entry in the short term):

20 ema is $72.69
21 ema is 72.44 as of today's close


The new all-time high reached today represents a 61% move from the PnF chart breakout at $51 on August 31.

Note the pattern over the last 3 years to test a level near the 21 and 34 ema's on the weekly...but the wait for such moves can last a long time.

Edited by hiker, 01 February 2006 - 06:01 PM.

why is it important to wear sunglasses, even on cloudy days?

UV damage to the eyes is cumulative during the lifetime

blindness from UV damage to the eyes is preventable for the current younger generations -

elvis wore shades - by the Cleveland Clinic

#6 mss

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Posted 02 February 2006 - 08:25 AM

:)
We are there--

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I'm stating tthe course B)

:cat:
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
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#7 hiker

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Posted 02 February 2006 - 12:06 PM

thanks for the update, mss - here is my thought shown above:

Note the pattern over the last 3 years to test a level near the 21 and 34 ema's on the weekly...but the wait for such moves can last a long time.
why is it important to wear sunglasses, even on cloudy days?

UV damage to the eyes is cumulative during the lifetime

blindness from UV damage to the eyes is preventable for the current younger generations -

elvis wore shades - by the Cleveland Clinic

#8 mss

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Posted 02 February 2006 - 12:26 PM

:)
Note that the weekly chart DOES NOT have the 34ema on it. Ai the top is the 8/34 ratio and is a long way from the "0" line, but we are at the critical 21ema and the 5 & 8 are trying to kiss. I have a buy stop that will trigger if the 5 kisses off the 8 by a tad.

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mss
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!

#9 hiker

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Posted 02 February 2006 - 12:39 PM

thanks for further info, mss. Ted Burge, who has been posting CCJ charts and comments at stockcharts public lists for over a year, believes that candle wicks should be ignored when drawing trendlines saying that wicks are simply missed stop signs. When wicks are ignored, the rising bottoms trendline on the weekly has been broken to the downside.

Just something to think about...and Ted Burge's comments and chart work about CCJ does impact some CCJ buyers and sellers. See page 5 of his site...looks like the next major support lines he has drawn on the CCJ chart are $62.50 followed by $60....his trading method is to buy support and sell resistance:

http://stockcharts.c...445101&cmd=show[s66151004]&disp=O

and $72.50, which was once support, may act as resistance for now until it is overcome.

Edited by hiker, 02 February 2006 - 12:45 PM.

why is it important to wear sunglasses, even on cloudy days?

UV damage to the eyes is cumulative during the lifetime

blindness from UV damage to the eyes is preventable for the current younger generations -

elvis wore shades - by the Cleveland Clinic

#10 TechSkeptic

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Posted 02 February 2006 - 01:03 PM

hiker, mss, Thanks for the updates on CCJ. This gives a good idea of expected support zone. I've sold 1/4 of long-term positions over the last week averaging about 75. Could have done much better if I'd had more time to watch the market. Keeping the remainder with risk to low 60's. If that zone doesn't hold, I'll consider exiting most of my remaining position.