ThatStockGuy

IDMI

(Nasdaq: IDMI) Position opened at 1.10 - ‘based on technicials’

Possible shot to 1.30

edit 12/10
Position closed +27.27

Stocks Mentioned In This Article
Stock	Links
IDMI	\| \| D \| W \| 5 \| 3 \| 2 \| 1 \| E \| N \| PM \| AH \|

This entry was posted on Thursday, November 29th, 2007 at 1:15 pm and is filed under Closed Winners. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

10 Responses to “IDMI”

1
ThatStockGuy
November 29th, 2007 13:34
Chart of what I see, fastest averages under price.
2
ThatStockGuy
December 5th, 2007 01:06
Hopefully this one pops tomorrow. I’m seeing this setup all over the place. The problem is the volume isn’t there for anyone to play with size.
3
ThatStockGuy
December 7th, 2007 10:35
4
ThatStockGuy
December 7th, 2007 13:02
This thing has a mind of its own! Just a friendly reminder, this stock is now at 1.44 a 30% MOVE

Try not to be greedy and I hoped you backed up the truck
5
nigel4sher
December 8th, 2007 21:31
TSG-

Hey, I have never been to your site before today, and I think its great. Do you see IDMI 1.50 as a concrete ceiling to short, or could more volume pop it further?
6
ThatStockGuy
December 8th, 2007 21:58
Welcome to my site nigel4sher! You ask a very good question. I really don’t know what to expect with this one. Part of me says I should have closed out the position on Friday since more times than not they don’t follow through come Monday.
With that said, I’ve seen beaten down BIO’s over the past 2 weeks blast off! When it comes to momentum I’m not the guy! I don’t chase, I sell to those that do! I’m the type that likes em before they lift, early to the party.

I see charts like these and makes me think just maybe it will continue on Monday, it did close strong.

NUVO, is one example of a hard run.
http://www.thelion.com/bin/forum.cgi?msg=828&sf=nuvo&cmd=read
Daily
http://stockcharts.com/h-sc/ui?s=nuvo&p=D&yr=0&mn=9&dy=0&id=p56963630255
Weekly
http://stockcharts.com/h-sc/ui?s=nuvo&p=W&yr=1&mn=3&dy=0&id=p49070888884

BIOM is another that was spotted in my latest watch list.
Daily
http://stockcharts.com/h-sc/ui?s=biom&p=D&yr=0&mn=9&dy=0&id=p56963630255
Weekly
http://stockcharts.com/h-sc/ui?s=biom&p=W&yr=1&mn=3&dy=0&id=p49070888884

IDMI
Daily
http://stockcharts.com/h-sc/ui?s=IDMI&p=D&yr=0&mn=9&dy=0&id=p56963630255
Weekly
http://stockcharts.com/h-sc/ui?s=idmi&p=W&yr=1&mn=3&dy=0&id=p49070888884

How I’ll play it on Monday if I see it gap, I’ll start moving out. If it opens flat to down I’ll watch the first few minutes for direction. Right now I want to protect the gains so I’ll have a hair trigger I do need to do a little research on this one I liked the chart but I couldn’t tell you about the company.

Thanks for stopping by, I’m looking forward to seeing more comments!
7
nigel4sher
December 9th, 2007 19:32
TSG-

Okay, so the IDMI chart looks super interesting, from several standpoints IMHO (which doesnt mean much, LOL)..If you look at the volume spikes, the last volume spike with the relative strength of what is now showing in December, was 5 months ago. The stock picked up .50c there. Also, looking at the stochastic, something stuck out to me in terms of comparing the recent stochastic move upwards to similarly angled stochastic pops in the past. The two most similarly aligned stochastic pops were correlated with a .40c-50c move upwards each time. This is not to say that the current stochastic pop will exactly follow the past, but if we get some positive news in the coming hours, the volume should remain if not increase in an upwards trend. I mean, in an EXTREMELY RELATIVE SENSE, look price action compared to the volume and stochastic read around June. $10!!!…imagine that bagger if similar news came this week or next. ..but again, this is just MHO.
8
ThatStockGuy
December 10th, 2007 10:19
No follow through, trying to close out the position. I’m surprised with all the volume on Friday people aren’t jumping ship. Hopefully I can get my order completed filled with an average of 1.43. I’ll let it settle and might play it again.
9
NIgel
December 10th, 2007 11:46
definitely on the settle, the play will work again..chart seems too good…might have to wait for new year though..
10
ThatStockGuy
December 10th, 2007 13:01
Position closed +27.27