By Jeff Pierce
As the market continues to decide if we’re at long-term resistance or if we’re going to resume our uptrend, two stocks that we at All About Trends are focusing on adding to our portfolio are below. Both have pulled back off their highs and look to be at support, in fact, this is a pattern that we focus on a lot for our subscription service. We haven’t issued a buy alert to our subscribers at this point but that could come any day and I wanted to provide Market Playground readers with an exclusive look inside our watchlist.
Linkedin Corporation (NYSE:LNKD) - Daily
Linkedin Corporation (NYSE:LNKD) - 1 Min.
VMware, Inc. (NYSE:VMW) – Daily
VMware, Inc. (NYSE:VMW) – 1 Min.
10/17/12 — How bout it! Can you say “Back To the Scene Of The Crime” retest of lows and launch? Testing, testing, testing folks — that’s been the buzz word the last week or so.
10/12/12 — Well being content just watching pays off now doesn’t it. Here we are tagging a prior low as shown. Sure looks scary. So what does that mean for those with guts? Whats the risk here? It goes to 80 that’s what. That would be how much of a loss? 7.7% that’s what. But then what as that’s a major support. We’re just laying out a potentiality for those looking to snipe something here in the face of fear and ugliness. Bottom line is IF one is considering this trade you gotta be willing to take the risk and be willing to pay the price of the stock dropping after you pick it off. That is Always the way it is the moment you hit the enter button though is it not?
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nice technicals..but the underliying problems are surfacing
at the background we have seen 5 upgrades last week (MANY who are LNKD OWNERs), and LNKD holding 120 with heavey volume..we have also seen 10Million$ worth of shares release by insiders in 2 week period
We have had the CEO on cnbc aswell..highlighting the pump and dump of LNKD..
LNKD pe reaching 1000…
We also have the FB lockout..a 55% share float expected to hit the market…AND a LNKD lockout in NOV comming to an end
We have Monster WW dropping in profits and its IPO share price is a MIRROR image of LNKD.
This stock is experiencing extensive evaluation in a market that can BARELY hold blue chips..cmg, apple, google, mcd
a hyperinflated stock
can only hold so far..