` Gary Investing Blog: 1/31: DDD, GRPN, AAPL, NOK, NFLX, ZNGA

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Thursday, January 31, 2013

1/31: DDD, GRPN, AAPL, NOK, NFLX, ZNGA

 3D System Corp. (NYSE: DDD) has been traded down from $71.89 to as low as $54.01 today. Today's action tested its validity of the support from MA(50). It is also a hammer on chart which signals for a short term trend reversal (uptrend will be back soon!!!)

Groupon, Inc. (NASDAQ: GRPN) is reaching back to its high, $5.59, since Sep12 and has touched upper Bband again with a saucer bottoming MA(50). A break above $5.6 will trigger massive buying power and speculation. From the current chart, GRPN looks very bullish and there is no reason to short this stock. Bullish MACD crossover is about to come.

Apple, Inc. (NASDAQ: AAPL) I can't address more that AAPL seems to lose its love from institutions and funds managers. First of all, I don't think AAPL will ever get back to $500. Even if it touches $500, there will be a massive liquidating action both individually and institutionally. Tuesday's candlestick shows a doji on chart, which signals the bounce back cannot hold. I shorted AAPL since it was $600 and I am planning to cover my shorts when it hits $400,

Nokia Corp. (NYSE: NOK) If you are long NOK, you should be hoping NOK shows similar action as we have seen in DDD. I have a stop at $3.8, roughly 3% below MA(50), which I believe is a major support. It is also important for NOK's RSI to hold above 40 level.

Netflix, Inc. (NASDAQ: NFLX) I missed the boat when I sold my NFLX shares at $90.00. But looking on NFLX's chart again, it seems currently forming a flag with decreasing volume along the formation. Watch for a breakout both above or below. If breaks a above, I think NFLX can reach $200.00 in a short time. If breaks below significantly, I would not be surprise to see NFLX filling at least half the gap, reaching $120.00. (50% retracement)

I feel so pround that I did not sell Zynga, Inc. (NASDAQ: ZNGA) when it drops more than 10% in two days. Running up 7.11% today tells us its uptrend is still intact. One of the reasons I did not sell ZNGA is that down (red) days has much little volume then up (green) days. My ST target for ZNGA is $3.00.

44 comments:

  1. What about $RIMM? When would be a good time to enter again?

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    Replies
    1. For the long run, yes. Meanwhile it could still pullback a little bit more. Please Refer to my yesterday's post

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  4. What a wild ride the stock of netflix has had from a almost totally unknown company in the year 2002 trading at one point at just 3 dollars a share to a high of 250 dollars just recently and back down to 100 dollars today. Here is a company thats in the spotlight on an almost daily basis.

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