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A Wyckoff Student Notebook

Discussion in 'Trade Journals' started by Onepoint272, Apr 27, 2016.

  1. Onepoint272

    Onepoint272 Well-Known Member

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    ^ Thanks Rock. Getting out is always harder than getting in.

    BIOS looks promising. It's been building cause since August 2015. A 15-cent-box by 3-box-reversal point & figure shows a liberal count of 37 columns from the LPS ($2.70) back to the SC giving a price projection to $19.35. Sounds crazy high but the July 2008 high was 17.62 and the April 2002 high was 22.95. Now that it has been accumulated by new sponsorship, 19.35 may not be so crazy.

    Weekly bars:
    upload_2019-3-13_22-29-32.png
     
    #501 Onepoint272, Mar 13, 2019
    Last edited: Mar 14, 2019
    T0rm3nted likes this.
  2. Onepoint272

    Onepoint272 Well-Known Member

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    So I only bought 500 shares of BIOS @ 3.50 near the close yesterday. I suppose the ER this morning would have been a disappointment on a bottom-line-loss worse than expected had it not been for the merger news, that BIOS is buying out rival "Option Care". BIOS has been trading around $4 pre-market.

    Edit: Well easy come, easy go. Trading down in the regular session just above $3.
     
    #502 Onepoint272, Mar 15, 2019
    Last edited: Mar 15, 2019
    T0rm3nted and bigbear0083 like this.
  3. Onepoint272

    Onepoint272 Well-Known Member

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    Two in a row BACs that turned into UTADs after an ER (NIO and BIOS) . AGX appears to be working though.

    Daily:
    upload_2019-3-15_12-57-38.png
     
    T0rm3nted and bigbear0083 like this.
  4. Jrich

    Jrich Well-Known Member

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    Speaking of earnings... DG gave me a decent entry this morning, got in at $111.44, then it almost immediately went up to $114 when the analysts decided not to downgrade it, reinforcing my belief that the sell off yesterday was unwarranted...... Interesting fact, did you know that Dollar General has more locations in the US than Starbucks?.. I never woulda guessed that

    P&F work shows almost a 30% upside

    Screenshot_2019-03-15-13-50-06.png
     
  5. Jrich

    Jrich Well-Known Member

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    Side note... BA really ate my lunch the other day:mad:... Think it was my biggest loss to date... Didn't have time to think, my stop kicked in at open and sold at $370 ($420 was my average in)

    Lesson learned... Decided to cancel my other stop loss orders and replace them with alerts... Thanks to @T0rm3nted for that advice a while back, even though i didn't listen:confused:
     
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  6. Onepoint272

    Onepoint272 Well-Known Member

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    GIS had a nice ER surprise Wednesday morning and now approaching strong resistance. Watching for a back up. Paying a 4% dividend. Cause to 87.

    Daily as of Thursday's close:

    upload_2019-3-21_22-59-47.png
     
    #506 Onepoint272, Mar 22, 2019 at 12:01 AM
    Last edited: Mar 22, 2019 at 12:29 AM
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