StockTwits chatter is focused on TIVO after it received a favorable court ruling in an ongoing patent dispute with Dish Network (DISH). Apparently people still watch television in America, enough to warrant a battle over DVR (digital video recorder) technology. Despite trading at 5 year highs, TIVO seems like an outdated concept to moi, but…
StockTwits chatter points to Hernispherx BioPharma, which is making big moves on huge volume as it breaks through the upper Bollinger. HEB develops drugs for chronic fatigue syndrome, genital warts and a few other viral maladies. Some guy has put a $9 target on HEB here, the math looks questionable, but I don’t believe in…
A glance at the StockTwits chatter reveals Cisco Systems will be replacing General Motors in the Dow Jones Industrial Average. Coincidentally, CSCO is trading above the 20sma for the first time since November 2007. Momentum remains with the bulls and a breakout looks likely. It bothers me to think of CSCO as the future of…
Today’s StockTwits chatter was dominated by the big move in natural gas. Down nearly 80% after falling for nine CONSECUTIVE months, UNG is beginning to show real signs of life. While it is too early to say the bear market is over in this sector, a new row of X’s and a monthly close higher…
The chatter on StocktTwits concerning General Motors is a guessing game on the future of the DJIA. What corporation will fill the gaping maw left by the defunct GM? The writing has been on the wall for many months, if not years. Since November of 2007, Grotesque Misery ALWAYS traded below a declining 20sma, often…
Potash was a market leader before the credit crisis, and though it is trading above various moving averages and the upper Bollinger, this is not a great investment vehicle. The trend is up so buyers have the advantage, but I doubt this stock will make all time highs soon.
Stocks that fall 90% can double, triple, quadruple in price, but the risk is high. DRYS remains in a primary downtrend, but with stability in the Baltic Dry Index and a reasonably bullish market, the new uptrend forming on the far right could carry this stock to 15. A move below 6.69 would change my…
The Pod People have had a nice run since the March shakeout, and while I think Apple is due for an ass kicking, it is best to go with the flow. The trend remains higher with price well above the upper Bollinger, signaling buying pressure. That said, resistance is heavy and the rally has occurred…
Intel has been trending up since the end of February and the price action above the upper Bollinger Band (top red line) is a sign of buying pressure.
Goldman Sachs continues to move higher, but the recently announced $5 billion stock sale signals waning confidence within the group. Lindzon posted a great piece here about some problems with the sector. GS has stymied me a bit, and while their practice suggests unlawfulness, the message of the market remains up. Friends of mine who…