Thursday, May 17, 2007
Another Positive Insider Filing For Titanium Metals: TIE
Click For Filing
Wednesday, May 16, 2007
Boeing Gets Huge $4.7B Order From TUI, A Tourism Company In Europe - Great For Suppliers Like TIE and ATI
http://biz.yahoo.com/bizj/070516/1463022.html?.v=2
Click: (TIE - NYSE) A Top Pick For 2007
Professional Vs. Amateur Trading
SHORT AMAZON NOW!!!
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Professional vs. Amateur Gaps
When you are looking at gaps on a stock chart, the most important thing that you want to know is this:
Was this gap caused by the amateur traders buying
or selling based on emotion?
Or you migh ask...
Was this gap caused by the professional traders that do not
make emotional decisions?
To figure this out you have to understand this one important
concept first. Professional traders buy after a wave of selling
has occurred. They sell after a wave of buying has occurred.
Amateur traders do the exact opposite! They see a stock advancing
in price and are afraid that they will miss out on the move, so they
pile in - just when the pro's are getting ready to sell.
Look at this example of a gap caused by amateur traders...
See how this stock gapped up after a wave of buying occurred?
Probably short covering? These amateur traders got emotionally
involved in the stock. They piled in after an already extended
move to the upside. They let their emotions dictate that the stock
would continue to move higher and probably bought more and it
eventually collapsed within a few weeks.
These amateur traders eventually lost money as the stock sold off
over the next few weeks. Notice how the stock eventually did go
back up - but only after a wave of selling occurred (professional buying).
We initiated a SHORT on AMZAON after the stock spiked $22 that created the gap like you see in this picture. Usually after a good spike, there is some sideways action and then like 99% of most stocks that spike up in euphoria like this, eventually they will fill the GAP. In the case with Amazon... at or around the $44- $45 level. The market is over heated and without fail, you will see a sell off any day now and this stock will drop too and drop HARD!
Click: Money Flow Analysis shows mostly selling this week.
Click: Insiders are selling BIG Time too. Follow the insiders.
Good trading.