Last week I took a long position in BIDU at $304....also took a position in Google ( GOOG ) at $490. I have only taken half positions so far as with this crappy stock market, these can always go lower.
Baidu ( BIDU ) Technical Analysis:
On 8/25/08....BIDU shot into the $330's briefly in the morning before selling off the rest of the day. This is concerning if you are a trader of BIDU...as this could signal a short term top at $330. Last week BIDU held very strong in the $320's and could just be forming a base here. I would get long on a close above $330 if I were a trader or add to my long position. As for GOOG, go long on a close over $500.
Showing posts with label 8/25/08. Show all posts
Showing posts with label 8/25/08. Show all posts
Tuesday, August 26, 2008
Clean Energy ( CLNE ) Cramer Mad Money Nancy Pelosi 8/26/08
This morning Clean Energy Fuels ( CLNE ) is getting a nice bounce in pre market due to the 8/25/08 CNBC Mad Money show with Jim Cramer and Nancy Pelosi.
Turns out the speaker of the House of Representatives owns between $100,000 and $250,000 worth of stock in Clean Energy Fuels, a company that builds and runs natural-gas fueling stations for vehicles that run on compressed or liquefied natural gas.
T. Boone Pickens may be the largest shareholder of CLNE, but there’s probably nothing better than having the full confidence of Nancy Pelosi behind your company.
“It’s even better than Warren Buffett being a shareholder,” Cramer said, because Buffett doesn’t control the House of Representatives.”
CLNE Technical Analysis:
Looking at my charts.... I'm looking for a close over the following prices in order to cause a big breakout. $14.90, $15.47, $16.20, $16.84......once these levels are taken out, it will go to the next. After $16.84, you have a big gap to $19.60. Then you could test the all time high of $20.65.
If energy prices rise into 2009, CLNE could be a big gainer!
Turns out the speaker of the House of Representatives owns between $100,000 and $250,000 worth of stock in Clean Energy Fuels, a company that builds and runs natural-gas fueling stations for vehicles that run on compressed or liquefied natural gas.
T. Boone Pickens may be the largest shareholder of CLNE, but there’s probably nothing better than having the full confidence of Nancy Pelosi behind your company.
“It’s even better than Warren Buffett being a shareholder,” Cramer said, because Buffett doesn’t control the House of Representatives.”
CLNE Technical Analysis:
Looking at my charts.... I'm looking for a close over the following prices in order to cause a big breakout. $14.90, $15.47, $16.20, $16.84......once these levels are taken out, it will go to the next. After $16.84, you have a big gap to $19.60. Then you could test the all time high of $20.65.
If energy prices rise into 2009, CLNE could be a big gainer!
Monday, August 25, 2008
CNBC - John Najarian on WFC Wells Fargo - USB US Bancorp, financial stocks 8/25/08
John Najarian was just on CNBC saying that he believes we are not out of this financial crisis and you want to buy the " good " banks on dips such as Wells Fargo ( WFC ) and US Bancorp ( USB ).
" Buy when their is blood on the Streets" Focus on the fact that these banks are on the low end of the downfall, and we are 9/10ths through this....once you start to seeing consolidation the up move will be big. John Najarian feels there will be 5-10 of these banks consolidated as this is your sign that the worst is over!
" Buy when their is blood on the Streets" Focus on the fact that these banks are on the low end of the downfall, and we are 9/10ths through this....once you start to seeing consolidation the up move will be big. John Najarian feels there will be 5-10 of these banks consolidated as this is your sign that the worst is over!
CPSL China Precision Steel Stock Breaking Out 8/25/08
This morning, China Precision Steel ( CPSL ) is breaking out to the upside. CPSL stock is now up over 10% to $5.45.
The move started last week when this article was published.
CPSL Technical Analysis:
Back in May, CPSL went from $4 to $8.50 in a week......so we know this stock can break out quickly!! I would keep an eye on the $5.52 level. If CPSL could close above this level you could see additional upside. Keep tight stops at $5.50 however!
The move started last week when this article was published.
CPSL Technical Analysis:
Back in May, CPSL went from $4 to $8.50 in a week......so we know this stock can break out quickly!! I would keep an eye on the $5.52 level. If CPSL could close above this level you could see additional upside. Keep tight stops at $5.50 however!
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