IDMI
(Nasdaq: IDMI) Position opened at 1.10 – ‘based on technicials’
Possible shot to 1.30
edit 12/10
Position closed +27.27
Tags: BIO, IDMI
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on Thursday, November 29th, 2007 at 1:15 PM and is filed under Closed Winners.
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Chart of what I see, fastest averages under price.
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.
:d/ $-) ^:)^
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 >:/
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?
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!
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. :d:d..but again, this is just MHO.
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.
definitely on the settle, the play will work again..chart seems too good…might have to wait for new year though..~X(
Position closed +27.27