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Rank: Advanced Member
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Joined: 7/21/2009
Posts: 143
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CCI scans are a technical tool that can help investors find undervalued stocks to buy and also help to find an exit point. Most of the time you will never buy at the bottom nor will you sell at the top. If however; you can capture 60% to 70% of an up move in a stock, you will make money. I have a set of general precepts that I believe is what drives the market. If you can understand them then you should do well. 1. The price of a stock is ALWAYS determined by market sentiment. In other words, it is the sum of the actions of both buyers and sellers acting on their knowledge, intelligence and convictions. 2. We as individual investors, must realize that this is our window into the world of investing and learn how to interpet what we are seeing in technical indicators. Once you have found a prospective stock, there are other rules that will help to keep you out of trouble. These rules are more stock specific and can vary depending on the stocks key fundamentals. Here is a stock that I just bought at $5.28. It was a stock that showed up on a CCI scan. It took a nice dip on the loss of a contract. It is a defense stock that has other contracts and may still be hired as a sub for the winning bidder. PE around 7.68, PB 1.29, 66% instutional ownership, 169 million cash with no debt, PEG below 1, only 4,7% shorted and the last 4 quarters FRPT had profits. I believe it is worth a look. http://stockcharts.com/h-sc/ui?s=FRPT&p=D&yr=0&mn=6&dy=0&id=p00699064200http://finance.yahoo.com/q?s=FRPThttp://finance.yahoo.com/q/ks?s=FRPThttp://finance.yahoo.com/q/is?s=FRPT
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Rank: Advanced Member
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Joined: 7/6/2009
Posts: 30
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This one is a nice play, I enjoy playing big gap downs and found them to be very profitable. they seem to close the gap more than stocks that gap up and then come down. Thanks for the find.
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Rank: Advanced Member
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Joined: 7/21/2009
Posts: 143
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In regards to the overall market. I would be very careful as the DIA looks to be overbought. http://stockcharts.com/h-sc/ui?s=DIA&p=D&yr=0&mn=6&dy=0&id=p00699064200The following chart gives a good view of DIA. Take a look at the orange line and todays price action. You can also see that the DIA has not put in a double bottom. The low shown on the chart does coincide with a similar bottom in 2002. We may not put in a double bottom, but I believe we will see a pullback of some proportion. The world is not in a healthy state. As investors there will always nbe opportunities in any market. http://i30.tinypic.com/krx5g.jpgClick on lower right corner of the above chart to enlarge.
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Rank: Advanced Member
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Joined: 10/1/2008
Posts: 84
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xquestor, thanks for the great tips. I just started using CCI recently and still testing it.
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Rank: Advanced Member
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Joined: 7/21/2009
Posts: 143
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uniqueA
Hope you will share your finds.
XQ
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Rank: Advanced Member
Groups: Member
Joined: 7/25/2008
Posts: 267
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Do you use stochastic crossovers? I use both stochastic and CCI, but like stochastic a little better. So many stocks went up today, maybe tomorrow is a pull back day.
Part time trader
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Rank: Advanced Member
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Joined: 7/21/2009
Posts: 143
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I do a couple of different CCI scans first to identify possible stocks. I then look at other indicaters including stochastics.
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Rank: Newbie
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Joined: 7/23/2009
Posts: 1
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Thanks for introducing the CCI. I`m a brand new trader currently only using RSI and simple moving averages for my chart analysis.
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Rank: Advanced Member
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Joined: 7/21/2009
Posts: 143
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Here is a stock to WATCH. DO NOT BUY at this time. I just sold my position for a double. I believe that it will head back down AND WILL PRESENT A BUYING OPPORTUNITY. I believe that the next earnings report will trigger a sell off. It has lost money for the last 3 years. It cut it divy by a large amount. I would consider buying under 5. PBY is in the auto parts and repair business. I thought I would put it out so every one could follow it. It could end up not being a buy. Time will tell. I will let you know if I do buy. http://stockcharts.com/h-sc/ui?s=PBY&p=D&yr=0&mn=6&dy=0&id=p00699064200http://finance.yahoo.com/q?s=PBYI am also watching MTZ http://stockcharts.com/h-sc/ui?s=MTZ&p=D&yr=0&mn=6&dy=0&id=p00699064200
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Rank: Newbie
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Joined: 7/24/2009
Posts: 1
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new member here, just wanted to say that i am impressed with what i see so far.
thanks
gallatin12
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Rank: Advanced Member
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Joined: 7/21/2009
Posts: 143
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GALLATIN12
Investing is always fun when you make money. You must educate yourself as to what makes profitable trades. If you have a stock in mind, just post it and I will look at it.
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Rank: Newbie
Groups: Member
Joined: 4/14/2009
Posts: 9
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what values do you use to set the CCI scan?
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Rank: Newbie
Groups: Member
Joined: 4/14/2009
Posts: 9
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Also, would the CCI scan do a better job on larger market capital stocks?
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Rank: Advanced Member
Groups: Member
Joined: 7/21/2009
Posts: 143
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gnawiel
I use two different scans for CCI
PRICE $2 to $20 or $30
VOLUME 100,000 to 100,000,000
CCI -200 to -100 or -100 to 0
I do not imput any other factors. I keep it simple
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Rank: Advanced Member
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Joined: 7/25/2008
Posts: 267
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CCI -100 to 0 is a popular one. I use it too.
Part time trader
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Rank: Advanced Member
Groups: Member
Joined: 7/21/2009
Posts: 143
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dudu
Did you pick up any FRPT? Are you looking at anything interesting?
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Rank: Advanced Member
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Joined: 7/21/2009
Posts: 143
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$VIX The VIX index has been in a nice downtrend for sometime now. Looking back at the chart history, it appears the range between 18 and 25 is average. The lower CCI signals for the VIX have been making higher lows. (That is the part of the chart shaded in brown.) If you were to draw a line from the tips of these formations , you would have an uptrend line. What this means to me is that the propensity for lower volatility may be coming to an end and that we may see higher volatility in the near future. Both the DOW, S&P 500 AND IYT have reached a plateau and have been trading sideways with some up movement in the last week. http://stockcharts.com/h-sc/ui?s=$VIX&p=D&yr=1&mn=0&dy=0&id=p79552103504  http://stockcharts.com/h-sc/ui?s=DIA&p=D&yr=3&mn=0&dy=0&id=p58772966689http://stockcharts.com/h-sc/ui?s=IYT&p=D&yr=1&mn=0&dy=0&id=p79552103504http://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=1&mn=0&dy=0&id=p79552103504  I just believe that it would be prudent to only invest in stocks that have good fundamentals and that have been oversold. I would not chase stocks that appear to be high flyers. Just my opinion.
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Rank: Advanced Member
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Joined: 7/21/2009
Posts: 143
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07/27/2009 Monday Not much to pick from for Monday. I did find GIGM which does look interesting. They have taken a drop from a decline in revenues; but have excess cash of just over 80 mil. They have had positive net income for the last three years, P/B 1.19 and inst ownership of about 35% (a little low). Insiders do have about a 14% stake. I.WANT TO WAIT AND SEE IF THE LOW AT $4.32 HOLDS BEFORE BUYING. http://stockcharts.com/h-sc/ui?s=GIGM&p=D&yr=0&mn=6&dy=0&id=p00699064200http://finance.yahoo.com/q?s=GIGMhttp://twitpic.com/bqp21/fullhttp://www.sec.gov/cgi-bin/browse-edgar?company=&match=&CIK=GIGM&filenum=&State=&SIC=&owner=include&action=getcompanyHere is another that looks interesting, BEAT. It has 49 mil in cash, P/B .95, 75% inst ownership, 32% inside ownership and 25% short interest. BEAT should be reporting earnins soon. Has a very interesting business model. I would wait until after earnings before buying. http://stockcharts.com/h-sc/ui?s=beat&p=D&yr=0&mn=6&dy=0&id=p00699064200http://finance.yahoo.com/q?s=BEAThttp://finance.yahoo.com/q/ks?s=BEAT
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Rank: Advanced Member
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Joined: 7/25/2008
Posts: 267
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what do you think of CAL? I like its candlestick pattern.
Part time trader
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