ciappola
N° messaggi: 4000 -
Iscritto da: 20/7/2007
Grafico Intraday: The South Financial Grp. Inc. (MM)
Grafico Storico: The South Financial Grp. Inc. (MM)
The South Financial Group is a bank holding company focused on serving small businesses, middle market companies, and retail customers in the Carolinas and Florida. At September 30, 2009, it had approximately $12.3 billion in total assets and 177 branch offices. TSFG operates Carolina First Bank, which conducts banking operations in North Carolina and South Carolina (as Carolina First Bank), in Florida (as Mercantile Bank), and on the Internet (as Bank CaroLine). At September 30, 2009, approximately 45% of TSFG's total customer deposits were in South Carolina, 43% were in Florida, and 12% were in North Carolina. Investor information is available at www.thesouthgroup.com.
ciappola
N° messaggi: 4000 -
Iscritto da: 20/7/2007
analisi di un certo
By James E Brumley di lunedì gennaio 11, 2010 5:58 m. PST
After last week's modest, almost tepid gains from the broad market following Monday's surge, the market's direction this week could be a bit of a crap shoot. Traders remain better-served by sticking with smaller (off the radar) names like Keryx Biopharmaceuticals (NASDAQ:KERX), The South Financial Group (NASDAQ:TSFG), and China Direct Industries, Inc. (NASDAQ:CDII). Here's a better look at each chart and trade setup.
I have to post a quick update on Keryx Biopharmaceuticals (NASDAQ:KERX), mostly because the chart's panning out (so far) the way I expected it to. I'm not saying that to brag, as I only brag once I reach my full profit objective. I point it out now because (1) the KERX chart is a good one to study, and (2) I think there's still some profit potential left in store for newcomers.
In short, KERX is still bouncing back and forth between bullish support and resistance lines. Some stocks follow this kind of pattern very well, while others do not. Keryx Biopharmaceuticals shares just happen to do so very well.... enough to consider them a great 'pattern trading' name. More to the point, the support and potential springboard (at the support line) I pointed out on the 29th has finally paid off. KERX was at $2.39 then, but did a 180 and is now at $2.86... a 20% gain.
As you can see though, that still leaves Keryx Biopharmaceuticals shares well under the resistance side of the bullish range. It's currently at $3.77, and rising at a brisk pace.
I suspect we'll see a slightly bearish pushback on KERX this week, but in the end, this up/down pattern has been too consistent to bet against. And, $3.77 (or higher) is too sweet to pass up here, given the scenario.
OK, let's try this again with The South Financial Group (NASDAQ:TSFG). With my last look at the stock back on December 23rd I was bullish based on the breakout effort above the ceiling at $0.66 after weeks of support at $0.55. Though the breakout fell apart the next day, TSFG held above $0.55... remaining in position for another breakout attempt.
As you've probably already figured out, we're now seeing that breakout attempt from The South Financial Group. The stock closed at $0.71 on Friday, on decent (but not great) volume. I think, however, this is a sign of the market's underlying opinion on TSFG... a stock that's got upside potential, and just needs a nudge.
The test for TSFG will come today most likely, or in the near future. Any close above $0.71 on strong volume - better than Friday's - should be enough to put The South Financial Group shares into motion towards the$2.00-ish area, where we've seen turbulence (i.e. resistance) before.
I know the popular thing to say about China Direct Industries, Inc. (NASDAQ:CDII) right now is that I'm bullish on the stock. Shares were catapulted last week, gaining more than 100% in a huge move. Me towing the party line, however, does you no good. So, here goes.... I think it's time to sell (dare I say 'short'?) CDII. Begin your rock-throwing now.
As for the 'why' behind my stance, take a look at two things that happened as CDII ran up to Friday's peak of $2.48. The first one is the fact that $2.40 was a big ceiling back in May of late year, and so far has proven to be resistance with this latest runup from China Direct Industries. The second one is the way the buying volume was fading on Thursday and Friday, even as the stock was drifting higher. You can chalk some of that up to the weekend, but the bulk of the dwindling volume was simply dwindling buying interest, in my personal trading opinion.
Bottom line? I just don't think China Direct Industries, Inc. has enough gas in the tank to go any higher. The risk I run of saying that now - before the market opens - is that reckless investors may come back from a good weekend in a good/buying mood. So, the best way to play it is like this...the first bearish close (under the open, and under the prior day's low) is a signal that CDII has begun the very likely pullback.
I know that's a minority view, and I'll be the first to acknowledge I can be wrong too. This is one I feel pretty strongly about though.
(i grafici da lui riportati non riesco a metterli)
2 di 17-12/1/2010 16:050
ciappola
N° messaggi: 4000 -
Iscritto da: 20/7/2007
entrato con un pizzico
3 di 17-12/1/2010 16:420
ciappola
N° messaggi: 4000 -
Iscritto da: 20/7/2007
se oltrepassa 0,71 è buona cosa (come dice Mr James)
4 di 17-12/1/2010 17:300
ciappola
N° messaggi: 4000 -
Iscritto da: 20/7/2007
arrotondato ancora a 0,71
5 di 17-12/1/2010 22:470
ciappola
N° messaggi: 4000 -
Iscritto da: 20/7/2007
peccato, tentativo fallito. spero rimandato.
intanto accumulato.
illusione sulla rottura e sul bel movimento del primo terzodi seduta.
i risultati il 26 se non erro.
6 di 17-12/1/2010 22:480
ciappola
N° messaggi: 4000 -
Iscritto da: 20/7/2007
poi
7 di 17-12/1/2010 22:500
axel06
N° messaggi: 1866 -
Iscritto da: 13/2/2008
vedo volumi in calo..o mi sbaglio?
8 di 17-12/1/2010 22:580
ciappola
N° messaggi: 4000 -
Iscritto da: 20/7/2007
eggià, non bello.
che ne pensi?
9 di 17-12/1/2010 23:050
lucabrix
N° messaggi: 3393 -
Iscritto da: 23/8/2009
Okkio alle banche, non promettono niente di buono...
10 di 17-12/1/2010 23:190
ciappola
N° messaggi: 4000 -
Iscritto da: 20/7/2007
oggi giornata negativa per banche, tutto sembra compromesso. dovrebbe esserci una news su nuove imposte per banche.
ho recentmente visto sui migliori nasdaq/nyse molti titoli di piccole banche tipo questa, performance a 2 cifre. ne sono saltate tante (mi sembra 140), ma credo che quelle che si salvano potranno promettere bene in termini di possibili gain.
ovviamente altrettante probabilità di consistenti perdite.
11 di 17-12/1/2010 23:510
ciappola
N° messaggi: 4000 -
Iscritto da: 20/7/2007
alcuni siti usa indicano ancora pressioni in vwndita sul titolo
12 di 17-13/1/2010 22:060
ciappola
N° messaggi: 4000 -
Iscritto da: 20/7/2007
in effetti fa n pò cagare
13 di 17-14/1/2010 10:370
ciappola
N° messaggi: 4000 -
Iscritto da: 20/7/2007
e' stata declassata da fitch proprio ieri.
Considerazioni personali:
l'azione costa poco perchè ha ancora evidenti problemi sugli asset (crediti, mututi) come molte altre piccole banche usa.
è rimasta in piedi ancora (fino a quando... non è dato sapere) malgrado tutto mentre altre 140-150 sono saltate.
il prezzo è basso per i problemi che ancora ci sono. ovviamente questo implica automaticamente buone potenzialità.
è una piccola scommessa, come lo era peix (che è ancora in Ch11) come lo era Bank Ireland a 1 Usd a marzo, citigroup a 1,50 usd, bofa a 5 usd e tutti gli altri titoli qualche mese fa.
é comunque preoccupante che mentre il mercato è salito, questa ora è poco sopra i minimi.
Aspetto i dati del 26 e i movimenti dei giorni precedenti per decidere.
Comunque stop strettino.
14 di 17-14/1/2010 17:040
ciappola
N° messaggi: 4000 -
Iscritto da: 20/7/2007
mollato lo stop stretto, lascio perdere.
15 di 17-15/1/2010 14:370
ciappola
N° messaggi: 4000 -
Iscritto da: 20/7/2007
mi sa che ho fatto male, la pre mostra tensione
16 di 17-27/1/2010 15:550
Gil1966
N° messaggi: 979 -
Iscritto da: 20/9/2006
???? crollo ???
17 di 17-27/1/2010 16:060
ciappola
N° messaggi: 4000 -
Iscritto da: 20/7/2007
come scritto già su altri post, malgrado tutto gli stop loss 1 volta ti penti ma altre 10 sono utili... (come in questo caso)
Registrati per grafici in tempo reale, strumenti di analisi e prezzi.
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By James E Brumley di lunedì gennaio 11, 2010 5:58 m. PST
After last week's modest, almost tepid gains from the broad market following Monday's surge, the market's direction this week could be a bit of a crap shoot. Traders remain better-served by sticking with smaller (off the radar) names like Keryx Biopharmaceuticals (NASDAQ:KERX), The South Financial Group (NASDAQ:TSFG), and China Direct Industries, Inc. (NASDAQ:CDII). Here's a better look at each chart and trade setup.
I have to post a quick update on Keryx Biopharmaceuticals (NASDAQ:KERX), mostly because the chart's panning out (so far) the way I expected it to. I'm not saying that to brag, as I only brag once I reach my full profit objective. I point it out now because (1) the KERX chart is a good one to study, and (2) I think there's still some profit potential left in store for newcomers.
In short, KERX is still bouncing back and forth between bullish support and resistance lines. Some stocks follow this kind of pattern very well, while others do not. Keryx Biopharmaceuticals shares just happen to do so very well.... enough to consider them a great 'pattern trading' name. More to the point, the support and potential springboard (at the support line) I pointed out on the 29th has finally paid off. KERX was at $2.39 then, but did a 180 and is now at $2.86... a 20% gain.
As you can see though, that still leaves Keryx Biopharmaceuticals shares well under the resistance side of the bullish range. It's currently at $3.77, and rising at a brisk pace.
I suspect we'll see a slightly bearish pushback on KERX this week, but in the end, this up/down pattern has been too consistent to bet against. And, $3.77 (or higher) is too sweet to pass up here, given the scenario.
OK, let's try this again with The South Financial Group (NASDAQ:TSFG). With my last look at the stock back on December 23rd I was bullish based on the breakout effort above the ceiling at $0.66 after weeks of support at $0.55. Though the breakout fell apart the next day, TSFG held above $0.55... remaining in position for another breakout attempt.
As you've probably already figured out, we're now seeing that breakout attempt from The South Financial Group. The stock closed at $0.71 on Friday, on decent (but not great) volume. I think, however, this is a sign of the market's underlying opinion on TSFG... a stock that's got upside potential, and just needs a nudge.
The test for TSFG will come today most likely, or in the near future. Any close above $0.71 on strong volume - better than Friday's - should be enough to put The South Financial Group shares into motion towards the$2.00-ish area, where we've seen turbulence (i.e. resistance) before.
I know the popular thing to say about China Direct Industries, Inc. (NASDAQ:CDII) right now is that I'm bullish on the stock. Shares were catapulted last week, gaining more than 100% in a huge move. Me towing the party line, however, does you no good. So, here goes.... I think it's time to sell (dare I say 'short'?) CDII. Begin your rock-throwing now.
As for the 'why' behind my stance, take a look at two things that happened as CDII ran up to Friday's peak of $2.48. The first one is the fact that $2.40 was a big ceiling back in May of late year, and so far has proven to be resistance with this latest runup from China Direct Industries. The second one is the way the buying volume was fading on Thursday and Friday, even as the stock was drifting higher. You can chalk some of that up to the weekend, but the bulk of the dwindling volume was simply dwindling buying interest, in my personal trading opinion.
Bottom line? I just don't think China Direct Industries, Inc. has enough gas in the tank to go any higher. The risk I run of saying that now - before the market opens - is that reckless investors may come back from a good weekend in a good/buying mood. So, the best way to play it is like this...the first bearish close (under the open, and under the prior day's low) is a signal that CDII has begun the very likely pullback.
I know that's a minority view, and I'll be the first to acknowledge I can be wrong too. This is one I feel pretty strongly about though.
(i grafici da lui riportati non riesco a metterli)