$CVEO X-MAS pop? Part 2

2016년 12월 7일

CVEO is a case of the trading called "from worse... to less worse."

The type of trade like TCK was was last January. It was like $2-$3 and they survived the downturn in commodities which is the most important thing. The stock went to $25 right now. I don't know about you but very few experts were talking about that stock last winter. ;-)

When it comes to CVEO I am no saying that it will go to $25 any time soon but what I am saying is that the stock had a few decent moves. A 200% move last Spring and a modest 115% since the end of September.

As you can see on the chart it is an interesting juncture. What I really like regarding the stock is that this time the commodities story seems to have more legs than when it went up 200% at the Spring. The stock had negative earnings last time and nobody cares about that stock. That's great as this means "not everybody is in."

It's my experience that if I wait until a stock has a pristine balance sheet gushing out money... there is a very good chance that some smart computer/analysts on Wall Street will have figures out months ago. If everyone on CNBC and in the newsletter world gives a thumbs up to a trade... it usually means most of the meat has been sucked on the bone.

Again do your own research. Those are just a couple of ideas that might hopefully work for you.

Cheers

2017년 1월 20일

노트

This was one of my first two posts so the candles are pretty darn small but you have good eyes or a magnifying glass handy you will see that CVEO touched roughly $2.80, then dropped and retested the POC area at around $2.30 and it is now slowly marching back towards the recent high of $2.80. Unless oil craters in the short term, I won't be surprised to see the almighty CVEO put another foot out of it's multi-years grave in order to spook a few shorts on the way up.

Guys, if you go on further left on the chart you will see a lot thin air with low resistance.