just look at the profile here in yahoo. One thing
that I really don't understand, is the high short
interest (1.5 million shares), and the very thin
BEBE has the making of going to $60, and this time the
company will be forced to split the stock.
my guess for the jump would be the general strong
feeling about retail right now (note GPS jump as well).
Also Same Store Sales for November will be released on
12/7 prior to open of market.
it would be nice
to be rewarded for due diligence and good
fundamentals and patience.
are you...last week I posted about bebe going
down perhaps to the $27 or so level. Now that we are
about to move to higher ground, say the $34 level, I
could see a move of 10 points or
Expecting news anyone???
look at the 3 month chart for bebe and then click
the moving averages buttons on the bottom. If you
study charts of stocks at random you will notice that
big stock runups come at times when the stock price
crosses the 50 day moving average(50 dma) and then is
followed by the 50dma crossing over the 200dma. If bebe
continues higher this could bring bebe back to its previous
Nothing is wrong with thier business at this time they
aree firing on all cylinders.
Thanks for the complete post. You are right, I am
learning TA and Clearstation with its education modules is
a big help.
I am trying to get proficient in
stochastics in concert with MACD and trend lines to assist me
in timing my buys/sells.
I think this may be
a good time to learn as much as I can because I
think the downside risk is very real in the technology
sector as we close 1999. I have most of my exposure in
this area. In fact, two months ago I invested in BEBE
to diversify and that was my only holding that had a
Let me know what you think of
Clearstation. Maybe along the way we can give each other
insights to speed up the learning process. I have been
investing since 1994 but mainly buy and hold. I'm not
becoming a daytrader but I'm taking a more active role in
the management of my portfolio. I think TA will be
one of the benchmarks used to effect this.
Sounds as if you and I are at about the same
point in our learning. I start by screening for
companies with strong fundamentals. That way, if my timing
is bad or I don't have time to follow my stocks for
a while, I can sleep at night -- figure that over
the long haul, the stock price will reflect the
company's growth. However, I look at historical charts and
think: "Yeah, the folks who bought and held tripled
their money in X years; but look how much more they
could have made buying on dips and selling near peaks."
So I've started exploring technical
I've been looking at Bollinger Band charts for maybe
three months now, and I'm still trying to decide how
heavily to weight them in my decisions. The majority of
times I see a stock price puncture a band slightly, it
takes 2 to 4 days outside the band before a reversal
occurs. If the puncture is dramatic, the reversal seems
to happen more quickly. However, there are
counterexamples, such as BEBE's runup earlier this
An even better example occurred with MNMD, another
stock I own. It was climbing nicely last spring and
summer, but as the market decline began in mid-July, the
stock started some major yo-yo-ing. Since there were 3
dips, each deeper than the last, and the peaks between
were successively lower, I was concerned the stock was
in for a major downtrend. I was leaving on vacation
and knew I could not watch the stock, so I made a
guess as to where the next peak would occur, set a
sell-limit order, and left town. When I returned, I found
the order had activated, giving me a modest profit
(~21%). Based on Bill O'Neil's rules for determining
"pivot points" though, my stock sold at the perfect
buy-point! As I watched the stock climb to 108, my basement
wall began developing a forehead-shaped dent. (I later
bought back in around 71.) When I first became aware of
Bollinger Bands, I was looking for some technical indicator
that would have predicted MNMD's runup. In fact, had I
known about B. Bands at the time, I would have sold at
the same point I actually did. The entire MNMD run
from 85 to 108 was above the upper band. So the upshot
of my post is this:
1) I've only been using
Bollinger Bands for a few months.
2) They seem to have
some merit, but I haven't determined how much.
I've got a lot still to learn about technical
Thanks for the referral to ClearStation. I'll check it
out. So far, I've mainly been using WSRN.