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XSNX - new highs


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#1 hiker

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Posted 06 March 2006 - 03:39 PM

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

more info has been posted here from January thru the 3/4 updates I posted at this link:

http://forums.techni...vpost?id=837326

XSNX has continued to be one of the few persistently strong stocks in the group of 20 alternative energy stocks that I have regularly updated at this link

a new long entry strategy now exists in future tests of today's gap or a test of the $1.60 area....minimum risk to 1.20-1.60

a trader must be cautious about potential pump-and-dump action at some future time, but the RSI so far is showing strength for now. The sector and company biz relative to market penetration for the product application is what has kept me interested and keeping large position in this name.

This one has been posted at the DT board here for several mos., and Silent One originally brought it to our attention.

Edited by hiker, 06 March 2006 - 03:52 PM.


#2 greenie

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Posted 06 March 2006 - 04:10 PM

Hiker, What do you think of SYNM?
It is not the doing that is difficult, but the knowing


It's the illiquidity, stupid !

#3 hiker

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Posted 06 March 2006 - 05:00 PM

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

support of interest residing in the 8-8.49 zone easily visible on the PnF chart

note current price relative to the blue bullish support line on the PnF chart in link above

two downtrend lines currently in play on the weekly

note price relative to the weekly channel support

of interest is price relative to a couple trendlines drawn off some '04 and '05 lows


3/6 news - Syntroleum and Bluewater to form joint venture (SYNM) 8.88 : Co announces that it has signed a letter of intent to form a joint venture with Bluewater Energy Services B.V., intended to develop and finance the building of the world's first air-based gas-to-liquids plant on an offshore floating production storage and offloading vessel that could also produce oil and offer storage capabilities.

http://biz.yahoo.com...05675.html?.v=1

2/27 news - SYNM -7% (60 Minutes story profiles coal-to-liquids, but does not mention co specifically), RTK -6.7% (same)

Edited by hiker, 06 March 2006 - 05:04 PM.


#4 hiker

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Posted 06 March 2006 - 06:19 PM

today's closing update for the alternative energy sector...I will post future sector updates at this link until I learn to post HTML tables here:

http://forums.techni...vpost?id=966237

ESLR also reached new highs today on above avg. volume

#5 greenie

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Posted 06 March 2006 - 09:25 PM

Hi Hiker, Thanks for your comment. I was long SYNM. Converted to short this morning after it broke below 8.75. In general, I am not too excited about alternate energy sector. I expect oil price to peak very soon, if it has not peaked already. Then all these alternate companies have nothing in the balance sheet to sustain their high share values. The balance sheets look really ugly for most I looked at. Price/Sales, Cash etc of them do not justify prices by any extent. Just MHO. G.
It is not the doing that is difficult, but the knowing


It's the illiquidity, stupid !

#6 hiker

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Posted 06 March 2006 - 10:31 PM

Hi G, Thanks for the comments. What chart observations do you have that pertain to a future exit strategy for the SYNM short? I realize a day at a time rules, tho' I am curious about the overall trade management thinking on this one since SYNM can be a challenge. Would appreciate your observations.

#7 greenie

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Posted 07 March 2006 - 02:44 AM

Hiker, I got in very close to 8.75, when SYNM sharply broke below and retested. My stops are currently slightly above 8.75. My critical point is 8. If it reaches there, I will keep my shorts depending on how it behaves there. If it does not reach 8 and turns around (MACD, etc.), I am out immediately with a profit.
It is not the doing that is difficult, but the knowing


It's the illiquidity, stupid !

#8 hiker

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Posted 07 March 2006 - 11:16 AM

G - thanks and that makes sense.

I entered long a very small SYNM postion on the break of yesterday's $8.35 low...we will see what happens from here. Low volume action today....does it indicate that most of the willing sellers were taken out yesterday? Now we shall see what happens to the unwilling sellers. Low volume does not foster much trading in this name for now. I took this trade because of the comparison of % distance from entry price to near term support vs. near term resistance....trading lightly so no big deal for a small swing trade. \

note the support trendline on the weekly

This is an opp to make a real-time post, which I do not have time for recently.

yesterday' vol was 488k vs. the 466k shown on daily chart:

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

Edited by hiker, 07 March 2006 - 11:21 AM.


#9 greenie

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Posted 07 March 2006 - 11:42 AM

I am out. Better opportunities for shortin' elsewhere.
It is not the doing that is difficult, but the knowing


It's the illiquidity, stupid !