Telecommunications earnings are in our way and this is the time to bu.
Metro Pcs is the stock to buy just triggered at 8.26 the perfect level to make you entry point, always put limit stops for the amount of money you can loose.
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As a side note, I am not bullish on PCS, but I have learned that there is usually some validity to Midneo's predictions. Give him a chance to explain.
If you feel a good roll of the dice on one call equates to "clearly knows his stuff", then by all means, bet the farm.
I stand where I was when he first posted, of all the short candidates on the market, Apple is last on my list when there are thousands to choose from.
I also stated I wouldn't be long either (maybe now) but I would not get short this puppy.
Metro PCs is the stock to buy now.
What are your expectations on earning 10 days from now???
Why... because you own it? After climbing to $12, PCS has lost nearly 50% of its value since Feb 24th. You give us no compelling reason to buy.
Never question the power of squiggly fluorescent lines!...and golden showers!
Mid, both Bob and TJ make the point clear, simply stating a stock is going up or down without offering the rationale is moot.
Citing "Around these levels" as the reason is like stating there will be less traffic during tomorrows rush hour because traffic today was unusually heavy, all to learn the next day there was a major sporting event and traffic was even heavier.
If you have a hunch, maybe stopped at a few dealers and noticed high volume, or know that a technology they offer is groundbreaking or beats the competitions price by big numbers, you might have something.
Mid, both Bob and TJ make the point clear, simply stating a stock is going up or down without offering the rationale is moot.
Citing "Around these levels" as the reason is like stating there will be less traffic during tomorrows rush hour because traffic today was unusually heavy, all to learn the next day there was a major sporting event and traffic was even heavier.
If you have a hunch, maybe stopped at a few dealers and noticed high volume, or know that a technology they offer is groundbreaking or beats the competitions price by big numbers, you might have something.
Come on, man. You're not even gonna give him credit for the AAPL call? I agree you can't just say "buy this, trust me", but clearly the guy knows a little something about technical analysis. Every time I hear a fundamental guy bash TA I can't help but roll my eyes. You can tell me it doesn't work all you want; I make no attempt to convert the non-believers. All I know is that if my account growth isn't a result of effective TA forecasts, I must be one very lucky guy.incubus said: Never question the power of squiggly fluorescent lines!...and golden showers!
Mid, both Bob and TJ make the point clear, simply stating a stock is going up or down without offering the rationale is moot.
Citing "Around these levels" as the reason is like stating there will be less traffic during tomorrows rush hour because traffic today was unusually heavy, all to learn the next day there was a major sporting event and traffic was even heavier.
If you have a hunch, maybe stopped at a few dealers and noticed high volume, or know that a technology they offer is groundbreaking or beats the competitions price by big numbers, you might have something.
As a side note, I am not bullish on PCS, but I have learned that there is usually some validity to Midneo's predictions. Give him a chance to explain.
incubus said:Datsik128 said:
Come on, man. You're not even gonna give him credit for the AAPL call? I agree you can't just say "buy this, trust me", but clearly the guy knows a little something about technical analysis.
I did,Mid rolled the dice and he won, I'll tip my hat the way I do at the casino when the guy next to me hits.
If you feel a good roll of the dice on one call equates to "clearly knows his stuff", then by all means, bet the farm.
I stand where I was when he first posted, of all the short candidates on the market, Apple is last on my list when there are thousands to choose from.
I also stated I wouldn't be long either (maybe now) but I would not get short this puppy.
Uhh, not exactly. I've been paying attention to what Mid has to say ever since he called a 1,420 top on the S&P back in February. Furthermore, I would never go long or short based on someone else's opinion. I'm just saying I have more sense than to completely disregard his advice. Or to insinuate that his successful timing of AAPL's top, a Street favorite that has been on a bullish tear for 3 months, was the result of a lucky gamble.incubus said:
If you feel a good roll of the dice on one call equates to "clearly knows his stuff", then by all means, bet the farm.
I always get bashed here and there don't I, look if you want to take my advice go for it if not then don't do it, You always have to take people advice and put it with you're own work like datsik, stated and if you think you are better then me then ok fight me, why this trade is not a good trade.. Look i posted a week ago about Metro PCs stating a good read to see what i get and i was going to post more information after i see a response, just not give free information but what did i get not even one respond. There is a reason why I put such a tittle "Short Apple", "Buy Metro PCS", it catches people attention, people now a days is how they respond. Now I'm currently own PCS and Nokia and just bought Leap wireless. Now i expect this 3 companies to beat analyst expectations and any news should bring this markets rebound straight up. Now I been trading telecommunications since I stated and i made about 30% of my trade king account, trading this markets. Now i would like you to see my other tread. Now lets look at a stock that is traded by all of you, which i seen recently seen posted by oracle "Nokia", Now I told people not to buy it yet but i see this company great potential but it was a bit pricey. Now you can look at the fundamentals follow the news, check its income sheet, balance sheet, cash flow. Now there is a reason why trade telecommunications providers and devices because there is a Realaste war at the moment with this companies. You should read more about it. Now Why i focus on nokia because if this as the company reports earnings in the 19 of april it will influence the whole industry. also check today, RIMM remember now stock trades alone. When one stock moves the sector moves you just have to see who is the closet to catch a bit. Now from a technical Perspective. Nokia had a final Fibonacci refractment at 3.96. which is great support, when there are no trend lines, you have to use Fibonacci.
As well when you have a drop from the 50,20, 200 day cross over you never invest in the dip. wait for a 3 day count after it breaks because it is going to go lower. Its all about market psychology, you need enough investors to have faith about it before you see it trending up now. I'm using Nokia because earnings is on the April 19 on Thursday i believe and like apple or google this is the reverse of it. Unlike the bull market we had this Markets like Nokia and RIMM have been beat as drunk in bar fight. No matter what earnings even if they are poor, the markets already factor it. Now lets talk about PCs and as nokia goes higher the Providers well go higher as well. For PCs, and Leap i look for saumsong but for now lets take a looks RIMM and NOKia.
On the assumption the markets remain positive and apple holds and there is a reason why i gave out that level at 585 for apple but for no know that this level should hold and expecting a positive market in the next few days. Now Lets talk about Metro PCS. If Rimm and Nokia expect the whole telecommunications to get a boost trust me, check out their stocks they haven't had the bull market, so the stocks are at a good price to the relative markets.
Now this is the forum i posted about metro PCS, this just a quick summary
Hello trade-king, I hope you guys are making money and making those wallets even bigger but as usual you have to be very careful with this markets we are going to face, this markets look very weak and i see a downside potential to the 134 level and possibly the 125 but don't worry if you pick the right stocks to go long you don't have to worry about the volatility and downside of the markets. Now this is my stock picks for 2012. This blog i want to start with my favorite one which i been trading for a while now and which we are going to discuss in this forum.
Now the first one i will mention but wait before buy in it is Metro PCS. MetroPCS shares appear undervalued in a number of ways. The price-to-earnings ratio is just around 9 times earnings, which is well below the market average of nearly 13. It is trading close to book value, which is $8.09 per share and for less than half of the 52-week high. A number of large telecommunication companies are looking for acquisitions in order to increase spectrum bandwidth. Some analysts believe MetroPCS is a likely takeover target since a buyout could quickly benefit the acquiring company with more bandwidth and a larger customer base. A takeover offer for this or even another similar company could spark renewed interest in these shares. The average analyst target for MetroPCS shares is $12.31. If the stock hits that target, it would provide investors with gains of nearly 50%. In the past few months, these shares have tended to find support at about $8, so it looks like any additional downside is probably limited from current levels. MetroPCS recently announced it would raise prices from $60 to $70 per month for its unlimited plan. Even at that level, this plan remains one of the most competitive in the industry and it still offers consumers these rates without the contract commitment. Because of this, it's not likely that the rate hike will lead to significant service cancellations. At the same time, the extra $10 per month multiplied by the large customer base could significantly boost profit margins in the coming months. This stock also looks undervalued when compared with its peers. Here are some data points for MetroPCS from Yahoo Finance and below, a couple of competitors which make this stock look like a relative bargain and personally i believe this company is going to sky rocket. My exact entry is up to you but i believe this company is going head a bit lower for the overall weakness in the markets and at 8.15. Now lets take a look at the chart and then well discuss the income sheet, Balance sheet, Cashflow and we in depth Comparison with its competitors
Now this is just a simple chart, i will post later in this forum a video with all the technical's i use but for now lets tell a story of the chart of what happen. Now they are two important things i want to mention first of all just know Sprint is looking to buy Metro PCS for its spectrum which there is a spectrum war going on, which the government said they are going free up spectrum they use and auction it but that's years to come for now know this small companies like Metro PCS and Leap wireless are under watch, of course then there is that fail attempt with AT&T and T mobile which the government stop it because it was going create a monopoly, which only favors my case. Now see the major drop of PCS that was due for the market correction of 2011 and poor earnings but recently PCS has change its adverting structure, which as helped it have a higher customer base but for now look at that drop. Now it was because of the overall markets but at that time PCS was overvalued and no new news of sprint take over brought its markets down. As you see from the level 18 to 9. Now the 2 story i wan't to discuss is that 2 drop as you can see in feb 17 now what happen there is that sprint took its offer down because at 12$ a share it was to expensive to buy and remember in a take over they had to pay 30% royalty so that would have been 15$ a share so about 4billion in cash and if you checked how much cash sprint has is about 5.4 billion now wise decession i think it was. Now this news took the markets down and plus the overall weakness in the markets. For now well leave it as that but i would like to hear you're comments and thoughts about this company and word of advice position you're self for this stock before earnings or a right price you can risk but the entry is up to you.
Now this is the forum i posted about metro PCS, this just a quick summary
Hello trade-king, I hope you guys are making money and making those wallets even bigger but as usual you have to be very careful with this markets we are going to face, this markets look very weak and i see a downside potential to the 134 level and possibly the 125 but don't worry if you pick the right stocks to go long you don't have to worry about the volatility and downside of the markets. Now this is my stock picks for 2012. This blog i want to start with my favorite one which i been trading for a while now and which we are going to discuss in this forum.
Now this is just a simple chart, i will post later in this forum a video with all the technical's i use but for now lets tell a story of the chart of what happen. Now they are two important things i want to mention first of all just know Sprint is looking to buy Metro PCS for its spectrum which there is a spectrum war going on, which the government said they are going free up spectrum they use and auction it but that's years to come for now know this small companies like Metro PCS and Leap wireless are under watch, of course then there is that fail attempt with AT&T and T mobile which the government stop it because it was going create a monopoly, which only favors my case. Now see the major drop of PCS that was due for the market correction of 2011 and poor earnings but recently PCS has change its adverting structure, which as helped it have a higher customer base but for now look at that drop. Now it was because of the overall markets but at that time PCS was overvalued and no new news of sprint take over brought its markets down. As you see from the level 18 to 9. Now the 2 story i wan't to discuss is that 2 drop as you can see in feb 17 now what happen there is that sprint took its offer down because at 12$ a share it was to expensive to buy and remember in a take over they had to pay 30% royalty so that would have been 15$ a share so about 4billion in cash and if you checked how much cash sprint has is about 5.4 billion now wise decession i think it was. Now this news took the markets down and plus the overall weakness in the markets. For now well leave it as that but i would like to hear you're comments and thoughts about this company and word of advice position you're self for this stock before earnings or a right price you can risk but the entry is up to you.
Alright if you have any arguments or comments i would like to hear it. challenge me and this is just one my stock picks, if you are not interested than its okay you don't have a buy it, I'm trying to help you guys see what i see. Its up too you, if you choose to buy it.
And thank you datsik and you are right they don't want to take my advice is up to them, Easy money bob, that is hard to say in 10 days but my expectations should be back to the 9.88$ level, which i personally would exist with the other 1/2 my position riding in it and tampa jake yes because i own it this company is at a bargain as i stated before any price to book level company and primed for a takover is good enough for me.
Midneo... I did not say you were wrong, just that you did not give us in this forum post, a good reason to pull the trigger. I do not read all of your posts and looking through the forum, I see you have posted on PCS at least 3 times. I would prefer to see one post with all of the information, rather than 3 separate posts on the same stock.
I do question your commitment to the stock. Looking at your trade notes, your average buy price is $9.28 per share and your average sell price is $9.32 per share. Your last trade note on 4/13 said you purchased 500 shares at $8.41 and set a stop loss at $8.39 so I am thinking you got stopped out. Again, I do not see a commitment setting a stop loss so close to the buy price. You have not posted any trade notes after 4/13 and this post was started on 4/16. So perhaps you bought back in and did not post a trade note. While $8.26 may be a good entry, the trend from Feb 24th is still down, so I am not convinced. Apparently you thought that $10.56 was a good price on 3/1/12 but you sold the stock at $10.50 the following day.
Datsik... I was not bashing technical analysis. The fact that so many people trade with TA gives it some validity. I am neither a technical or fundamental trader/investor. I consider myself a dividend investor and make most of my decisions these days based on a combination of yield, dollar cost averaging, and price comparisons within the group of stocks I invest in. I use a somewhat complicated spreadsheet that tells me each day whether I should buy, sell or hold and which stock in my group is the best candidate to sell or buy. It also tells me how much to buy or sell depending on the day's activity.
I do question your commitment to the stock. Looking at your trade notes, your average buy price is $9.28 per share and your average sell price is $9.32 per share. Your last trade note on 4/13 said you purchased 500 shares at $8.41 and set a stop loss at $8.39 so I am thinking you got stopped out. Again, I do not see a commitment setting a stop loss so close to the buy price. You have not posted any trade notes after 4/13 and this post was started on 4/16. So perhaps you bought back in and did not post a trade note. While $8.26 may be a good entry, the trend from Feb 24th is still down, so I am not convinced. Apparently you thought that $10.56 was a good price on 3/1/12 but you sold the stock at $10.50 the following day.
Datsik... I was not bashing technical analysis. The fact that so many people trade with TA gives it some validity. I am neither a technical or fundamental trader/investor. I consider myself a dividend investor and make most of my decisions these days based on a combination of yield, dollar cost averaging, and price comparisons within the group of stocks I invest in. I use a somewhat complicated spreadsheet that tells me each day whether I should buy, sell or hold and which stock in my group is the best candidate to sell or buy. It also tells me how much to buy or sell depending on the day's activity.
His timing for Apple was the result of a lucky gamble.Datsik128 said:
Uhh, not exactly. I've been paying attention to what Mid has to say ever since he called a 1,420 top on the S&P back in February. Furthermore, I would never go long or short based on someone else's opinion. I'm just saying I have more sense than to completely disregard his advice. Or to insinuate that his successful timing of AAPL's top, a Street favorite that has been on a bullish tear for 3 months, was the result of a lucky gamble.incubus said:
If you feel a good roll of the dice on one call equates to "clearly knows his stuff", then by all means, bet the farm.
TampaJake, I wasn't referring to you when I made that comment about TA. I actually agree with the sentiment of your first post - a call like that bears some explanation.TampaJake said: Datsik... I was not bashing technical analysis. The fact that so many people trade with TA gives it some validity. I am neither a technical or fundamental trader/investor. I consider myself a dividend investor and make most of my decisions these days based on a combination of yield, dollar cost averaging, and price comparisons within the group of stocks I invest in. I use a somewhat complicated spreadsheet that tells me each day whether I should buy, sell or hold and which stock in my group is the best candidate to sell or buy. It also tells me how much to buy or sell depending on the day's activity.
Well if put all the information i know about this company i will have to write to you a 50 page report on the marketing strategy and price action of metro pcs and telecommunications industry but you guys have to evaluate the company you're self's because if you do exactly what i do, there is no point of me posting that information if it is only going to benefit me, i wanted you guys give me a outlook that i haven't seen. that's why i don't post that information and i'm willing to write all the information that i know i can share just a few things with you guys but not my whole knowledge, I did a alot of work out but i would mind helping a few other new traders into the game.
People inside the Metro PCs trade remember the price action between Metro PCs an Leap wireless. They both always comeback the to the same stock price . So one triggers the other, Usually leap wireless triggers Metro PCS action price. So pay close attention to this stock.
As well as notice the option chain of may change call and puts you notice how far from the strike is the may biggest volume, which indicates to me a institution bought this options calls.
View By Expiration: Apr 12 | May 12 | Aug 12 | Nov 12 | Jan 13 | Jan 14
Call OptionsExpire at close Friday, May 18, 2012StrikeSymbolLastChgBidAskVolOpen Int6.00PCS120519C000060004.20 0.002.302.602842557.00PCS120519C000070001.70 0.001.401.7033818.00PCS120519C000080000.82 0.000.750.85102959.00PCS120519C000090000.35
0.050.300.352181,48810.00PCS120519C000100000.15 0.000.100.1511,36211.00PCS120519C000110000.10 0.00N/A0.101321,90312.00PCS120519C000120000.10 0.00N/A0.1020282213.00PCS120519C000130000.05 0.00N/A0.10152,94414.00PCS120519C000140000.10 0.00N/A0.102,0272,060
Put OptionsExpire at close Friday, May 18, 2012StrikeSymbolLastChgBidAskVolOpen Int4.00PCS120519P000040000.15 0.00N/A0.15N/A1275.00PCS120519P000050000.15 0.00N/A0.101856.00PCS120519P000060000.10 0.00N/A0.1062417.00PCS120519P000070000.15 0.000.100.151003128.00PCS120519P000080000.40 0.000.350.40107999.00PCS120519P000090001.00 0.000.900.95509,19610.00PCS120519P000100001.50 0.001.651.801001,09311.00PCS120519P000110002.55 0.002.552.701037512.00PCS120519P000120003.00 0.003.404.0058913.00PCS120519P000130003.40 0.004.405.1013015.00PCS120519P000150006.17 0.006.307.2022 Highlighted options are in-the-money.
View By Expiration: Apr 12 | May 12 | Aug 12 | Nov 12 | Jan 13 | Jan 14
Call OptionsExpire at close Friday, May 18, 2012StrikeSymbolLastChgBidAskVolOpen Int6.00PCS120519C000060004.20 0.002.302.602842557.00PCS120519C000070001.70 0.001.401.7033818.00PCS120519C000080000.82 0.000.750.85102959.00PCS120519C000090000.35
0.050.300.352181,48810.00PCS120519C000100000.15 0.000.100.1511,36211.00PCS120519C000110000.10 0.00N/A0.101321,90312.00PCS120519C000120000.10 0.00N/A0.1020282213.00PCS120519C000130000.05 0.00N/A0.10152,94414.00PCS120519C000140000.10 0.00N/A0.102,0272,060Put OptionsExpire at close Friday, May 18, 2012StrikeSymbolLastChgBidAskVolOpen Int4.00PCS120519P000040000.15 0.00N/A0.15N/A1275.00PCS120519P000050000.15 0.00N/A0.101856.00PCS120519P000060000.10 0.00N/A0.1062417.00PCS120519P000070000.15 0.000.100.151003128.00PCS120519P000080000.40 0.000.350.40107999.00PCS120519P000090001.00 0.000.900.95509,19610.00PCS120519P000100001.50 0.001.651.801001,09311.00PCS120519P000110002.55 0.002.552.701037512.00PCS120519P000120003.00 0.003.404.0058913.00PCS120519P000130003.40 0.004.405.1013015.00PCS120519P000150006.17 0.006.307.2022 Highlighted options are in-the-money.
What's your price target and time frame for it?Midneo said: People inside the Metro PCs trade remember the price action between Metro PCs an Leap wireless. They both always comeback the to the same stock price . So one triggers the other, Usually leap wireless triggers Metro PCS action price. So pay close attention to this stock.
My long price target is 13.24$ in 6 months and my short term price target right now is 9.88$ time frame one month.
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