Symc

Hi guys,
Are we going to see this stock grow soon?

hmm... looks like its near bottoming or near bottom rail of down trend channel.
buying few contracts soon and possibly adding few more "if" plunges lower might not be a bad idea...

If you're a bottom picker and/or value player, this stock may be for you, as it is currently trading near its 52-week low. However, in my humble opinion, these are the things I noticed about this stock:

1) It is trending downwards, as indicated by the moving averages.

2) Parabolic SAR indicates a sell.

3) MACD is below 0 line. It looks like it could cross up though, meaning we could see a short-term rally. However, since MACD is below 0 line, upside momentum is sluggish in my opinion.

4) Yesterday was a down day, as indicated by the red candlestick, and the volume was pretty heavy. This, for me, indicates selling pressure.

Overall, since I trade high momentum stocks, I would look to buy the ones that are trading near the 52-week highs, and not the lows. But as I said, if you are a value player/bottom picker, this could work out. Just set a tight stop. Resistance at around 17 dollars.

here's the chart:

http://bigcharts.marketwatch.com/cha...ck=1&rand=3149

If you want my opinion, this is not a stock you want to buy now...The market is making new multi-year high (As measured by both DJIA, S&P500 and the Nasdaq), while the stock is making new 52wk low...From a technical point of view, this is one hell of a laggard, and thus considered one of the weakest stocks I have ever seen on the market....Yesterday, 184 new hi's were made on the Nasdaq and 38 new low's were made...SYMC were 1 of the 38 low's, putting it down as one of the weakest technically...

Fundamentally speaking, I won't even consider buying this stock anywhere above $7-$8, $5-$6 is even better....That's my own fundamental opinion....


Thanks,

Nader

Thanks a lot for your opinion.

Whould you consider buying Jazztel? The ticker is JAZ and it is a Spanish/Portuguese company listed on Bolsa De Madrid. I just though you may find this stock interesting . . .

Vitaka,

Me personally, I couldn't see any point to buy either SYMC or JAZ at this time as both have been in longish down trends for some time now. There is nothing really to say either are going to turn. Not to say that they won't as this may be just the bottom for one or both (but highly unlikely). To enter a long trade on either, you would have to be a speculator looking for a bottoming out or have some damn good inside info. If you are a buyer in either, I hope it works out for you. Just my opinion. Cheers.

Well I made my 1 $ per share on SYMC

I couldn't find JAZ stock...Maybe I didn't search for it correctly...May you tell me how can I find information about this stock using the Yahoo Finance website???


Thanks,

Nader

The company is called jazztel. it is spanish. you can check it on madrid SE - BOLSA DE MADRID - u can find it with google.

or go to yahoo.co.uk - finance - symbol look up - jazztel

I am an amateur - dont thakme this as as advice to invest!

Ya sure, I will check it and get back to you with my opinion about it...


Thanks,

Nader