Fly on WallStreet: Position Updates: NETL

Friday, February 02, 2007

Position Updates: NETL

My chart guy is telling me NETL is ready to bust loose. I own the stock for its growth and relationship with CSCO.

Near term target: $27.

# posted by Broker A @ 10:31 AM

Comments:

Wierd Karma Day: About two years ago on the same Feb. Friday unemployment report day, we started out almost the same in the markets. Except then the Dow dropped 60 by 10:30 while the SMH remained in positive territory. It rallied later in the day to be up 3% before it faded. I remember it only because I was caddying at Harbourtown, SC and remember trading between holes.

# posted by

TraderCaddy : 10:47 AM

I'm in for 6 on that dip. What does the company do? Somebody pass the crack.

# posted by

Anonymous : 11:09 AM

Fly,

What's your chart guy say about the island HANS is currently probing? Methinks it will cap the run in the 39/40 area and invite some selling...

# posted by

Kidstock : 11:38 AM

kid, you have no idea what you're talking about. First off, an island couldn't print unless the stock gapped above previous day high, second, it's not an island until you can see it confirmed the following day. Give your head a shake.

# posted by

Anonymous : 11:48 AM

mdaws-

So what you're saying is that the entire pattern from 5/06 thru early August 06 is not an island formation?

# posted by

Kidstock : 11:51 AM

It's a cluster fuck.

# posted by

Anonymous : 11:53 AM

"It's a cluster fuck."

^^Best comment of the year.

# posted by

Broker A : 11:57 AM

Yes it is a cluster. The low of the day prior to the second gap down in August is 40 and I am suggesting that this area will become formidable resistance for some time because of the high volume selloff that occurred.

# posted by

Kidstock : 12:00 PM

You sure its not a Chinese Fire Drill?

# posted by

dnf : 12:23 PM

I just bought some NETL. I agree with your chart guy. However, you did not tell me what kind of badness would befall me should I purchase it. Please tell me so I can prepare.

# posted by

Jeff : 12:50 PM

You may lose on testicle to a pitbull.

# posted by

Broker A : 12:56 PM

^one

# posted by

Broker A : 12:56 PM

Hell, I can live with that I'm in.

# posted by

boomerdote : 1:25 PM

Thanks. Losing one to it is better than losing it on it.

# posted by

Jeff : 1:37 PM

Have you considered the fact this warning wouldn't concern people with no balls?

# posted by

mike : 1:38 PM

People like richard and ank?

# posted by

mike : 1:39 PM

Looks like my testicle is safe today.

# posted by

Jeff : 1:48 PM

Kid, you didn't ask me, but I think how HANS behaves at 39.85 will tell us a lot about resistance levels.

# posted by

Jeff : 2:34 PM

I just bought more NETL. Does that mean my other nut is in danger?

# posted by

Jeff : 3:14 PM

Fly on WallStreet

Friday, February 02, 2007

Position Updates: NETL

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