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So this stock has come down from the $90s. It has been in a steady decline since the end of 2011. It does seem that the stock has reversed its trend since January 2013 and has been having higher lows and higher highs. There are alot of resistance with this stock.  The company came out with positive earnings which can be seen as a turnaround along with the stock chart pattern. I would wait till it takes out the $21 with high volume and confidence. As long as the new management is not corrupt, you should hopefully make some money on this stock.    Below is a piece from the Motley Fool Blog on why the stock has been going down.

Diamond Foods (NASDAQ: DMND) has not been kind to its shareholders over the past two years. The company’s shares have collapsed since hitting a high of over $90 in September 2011. An accounting scandal cancelled the planned merger between Diamond Foods and the Pringles division of Procter & Gamble (NYSE: PG) when the company was forced to restate earnings results. However, Diamond Foods just hired a new CFO, and shareholders are starting to feel some hope that the company can turnaround.

Buy what you know

Owning shares in Diamond Foods should be as simple as buying what you know. After all, the company’s products are on every grocery store shelf. The company’s brands include Kettle Brand chips, Emerald snack nuts, Pop Secret popcorn, and Diamond of California nuts. As recently as 2009, Diamond Foods had 10% of the snack food market.

Instead, it turns out the company’s CEO and CFO had booked payments to walnut growers in the wrong periods. Diamond Foods was forced to restate earnings, and both the CEO and CFO were fired. Since February 2012, the company has been working to clean up the mess they left and instill some stability into the company and for shareholders.

Next steps for the company

The company is finally bringing in a permanent CFO. Raymond Silcock will be the new CFO, and he brings a wealth of experience in the food and beverage industry. He was previously CFO of Great Atlantic & Pacific Tea, and before that he was CFO at UST and started his career in finance at Campbell Soup.

The market has reacted positively to the news, with the stock rising over 11% on the announcement. With Brian Driscoll as the new CEO, the two can work to reduce costs and increase brand awareness. The company is no longer in crisis mode, but rather in turnaround mode.

There are some signs that the turnaround is starting to happen. In this week’s earnings release, analysts were forecasting a loss of $0.17 per share on revenues of $175.1 million. Instead, Diamond beat expectations by earning $0.05 per share on revenues of $184.9 million.

Here is a stock chart of a stock that I just bought. Remember it is only $5 for a chart read.

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Here is a stock chart of a stock that I just bought. Remember it is only $5 for a chart read.

Click here to request a custom made stock chart.this is one of my favorite type of charts. Its a clear trend going up. Why not ride it till it ends. Just common sense.

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“Blackberry…kindly give me a short term (1-2 months), and long term (6-8 months) reading with potential upside or downside that you foresee by the end of 2013.

my friend doing EW analysis believes the stock will be trading above $30 before dec 31, 2013..

let me know.. would help.. thanks!.”

This stock is really not interesting. Your 1-2 month term, this stock will be around $14-$16….I do not see this stock going above $2o by the end of the year. The chart is a poor looking chart. This company is going to have to do something major to turn around. I read somewhere that they had to sell their company jet just to pay bills. If that is true, do you really want to be in a stock like that? I think this stock trading above $30 is very optimistic. I dont like it except playing the range game.

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“I would have your updating on THLD stock since the last your analysis sice the 28/01/13

Basically I’m in long position fron $ 5,50 price level and I guess this level could increse to over $ 7 up to close the prevous gap in area $ 8-9, for sure the focus is the trial for pancreatic cancer drugs TH-302 in terms of fundamental data……..what about of my view ?”

This stock has been pretty boring since November. There is alot of resistance around the $6 level.  I am not really a fan of this stock. So many better plays out there. I would wait until it takes out resistance around the $6 level on high volume before getting back in. Because it will probably bounce around $5 until then.  It is possible for the stock to come back to over the $7 level but I think you will be waiting a few more months unless some great news comes out.

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So your question was

“I’ll appreciate your view and raccomandation on this stock. I guess the current gap approx near $8 could be close soon…..what about ?”

As you can see this stock has had a nice downtrend from $8 to about $4 in a month. It broke though support on 3 different occasions. The recent spike that we saw a few days ago in my opinion is the highest we are going to see this stock in a while unless some news comes out. It has been having a boring uptrend the last few months. I would stay away from this stock unless it can take out the 5.50 on strong volume. This company is losing $2 a share right now. They have no debt which is a good thing but this company is losing alot of money. It used to be a high flyer but so did alot of other stocks. I would stay away from this stock unless it takes out $5.50 on huge volume. There are many other good plays going on besides this one.

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This stock has been a favorite for quite a while. I posted this stock as a buy when it was $38. http://www.thebulltrader.com/wp-blogpics/2006/sbux.png

The stock has had a nice ride and I think that we have seen the high for a while. The trend has ended and it recently crashed through its 50ma. The next stop may be its 200ma.

It looks like we’ve had a pullback to just below the main trendline (looking at a 9month chart).

Yes, there is a pullback but the trend has ended. I think this stock is going to be boring for a while.

It seems that if the stock can push back above the trendline it should have some room to run.

I think that even if it does push above the trendline, we will not make new highs.

Do you recommend buying at this point?

If you plan on holding long term then you always want to buy a little bit on pull backs. But lets watch the price action. I think the ride is over for a while.

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This chart looks pretty dirty. There is strong  support where it is right now. It filled back the gap from October 2011. It is now hanging out at that level. I would add some shares at this price and some again if it comes down to $36.04. Watch that level carefully. If it gets taken out he can go much lower. The stock is oversold so it most likely will  bounce. I think that it will probably base for a few months just like it did from December 2011 till December2012The stock has come down about 20pts in just a few months. So in conclusion, lets watch those 2 major support lines. if it starts to take out the support on high volume then this may be a short. In the meantime it does pay a little dividend so you can collect that as it bases out.

Officially bought RGR at $37.60

bought TRMB at $44.90

Both stocks are right at their 200 day m/a. I like the chart set up right here. If the 200ma does not hold I will prob sell.

Holding this stock until is gets to $62. If it starts to make new high I will get out but I am pretty sure we will go lower.

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Here is stock that is very cyclical. I think the stock has seen the low for a while. It is oversold and has closed positive for the day which hopefully means the end of this 4 day sell off. I am picking up some shares here at this level. I am hoping to see 25 in the next few weeks. Another good stock in this sector is NUE.

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So this stock is pretty boring to tell you the truth. It does however have a nice 12% dividend which is way more then you will make just keeping your money in the bank. The stock took a slide after the death cross in August. In Feb there was a golden cross leading one to believe that there will be a turn in the direction of the stock. It is currently trading at its lower BB. It prob will hit $9.75 pretty soon. So in the meantime just sit back and collect your dividend. I do not see any exciting movements in this stock.

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This is probably one of the best stocks to own for a long term portfolio.Its P/E is pretty low and has good valuation.  The stock chart looks good overall. The stock chart is saying to take some profits here. As you can see, it is right around resistance. It has tested it about 4 times so far. The more it is tested the more chances are it will break. There was a nice golden cross back in November which would have been a good time to get in. This stock chart does not like to be overbought. It has test the RSI at 70 many times and each time it test it, the stock drops a little as seen by the circles and the straight lines. So it would not surprise me if the stock comes down to the high $50s in the next few weeks. If the stocks starts to trade above the resistance on healthy volume then we may not see the $50 for a long time and the stock may break out of its base and go up from there. I would take some profits here.

Brilliant post from Michael Berkens says it all:

“At $38 Facebook will trade at more than 100x of earnings or PE

For comparison sake here are the some market caps & PE of some other high tech companies based on today’s closing price:

Apple $495 Billion PE 13

Microsoft $250 Billion PE 11

Google $203 Billion PE 19

Yahoo $18 Billion PE 17

Linked In $10 Billion PE 718″

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This stock chart does not look to bad. It has had a very poor past year performance but I think that it may be a decent time to get it.  Support is very important here thought as you can see when the support broke in April the stock went down about 20%. I think the likeliness this stock hitting $22.50 in the short term is pretty good. The P.E is pretty low when doing a Direct Competitor Comparison. I think this stock is pretty safe here. Just remember to watch that support line.

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So I would pick up a few shares here at this level. Not too many because if this support does not hold up you will be seeing single digits.  They do pay a nice little dividend. This sector is cyclical so at any time it can start an uptrend. The stock looks ok to pick up 1/4 of your normal lot of shares.