Thursday, January 14, 2010

NVAX Novavax---Just chart

NVAX- Novavax-
* I have not looked at any news or any fundamental thing about this. Someone asked me to look at this stock, so I just looked at the chart.
* I hate bio-tech small caps. I don't know who would consistently makes money in them.... The FDA stuff and phases of approval and cash burning, prospects of the approval and billion dollar prospects on paper.. I think on average it is better to pass them for people who are not related to medical field. I think these stocks are good for insiders...My point is: be very careful.


Now let us talk about the chart/prices. From the low of 54 cents last year, it jumped to a high of 7.79. Then started crashing with a text book style Island Reversal. Only recently it popped out of its resistance line and today it is touching it back.
Moral of the story: Can be traded at current price of 2.69 with a very very strict stoploss at 2.50. Mind well that stoploss sometimes are useless for small caps and biotech in particular- because the price can just open in gap with a 50% drop too.
So for weak hearts, it is better to forget about this stock and the chart.

C: Trade with a 10 cents risk- citicorp stock

C- Citibank, Citicorp stock- should one buy this stock? It is a million dollar question. If you decide to buy, in one year, you can brag about it or regret..If you do not buy it now, in one year, you can regret or label yourself as a smart investor. I think this is true for any stock but I guess this is very important about C right now.

What the prices are telling me?
It is between a longer term resistance line and short term support line. The 'new offering day' low was a key reversal day so this is a real tug of war on the chart.
Investors- better wait and watch for 10 more days. Traders? Think of options or a gamble 10-20 cents for 5 to 10 times return.
This boring stock seems to be dying for some action

Update (January 19,2010): Citibank announce numbers- it is loss. The stock opened lower, touched 3.40 and now it is trading in positive. This is REVERSE (Buy) as per Profit from Prices. Let us hope it closed in positive.

Flag Pattern SIRI?

SIRI seems to form a Flag pattern. I am buying some for a jump to 80 cents within a week or so. Exit strategy below 65 cents.