Bullish stocks near support

[steelman]

I feel like it's time to start a thread for some picks. I have learned a ton from everyone here. Thank you to everyone for all your help in my process. I am not sure if I will list daily, weekly or whenever I have time.

Finding bullish stocks seems great, but finding bullish stocks near support has been extremely helpful for me when looking for stocks to trade. I will run a search that looks for stocks that fit that scenario and have high levels of implied volatility over the last three months.

There's about 25-50 that come up every day, I will try and narrow them down to the best ranked for ERG (earnings, revenue and growth). I will also be looking at MACD and Stochastics along with 30 day MA. I have been trading options recently, so if I buy any that I list, the time frame would be from a few days to a few weeks and for me the chart will outweigh the ERG but I prefer to see both, a nice ERG with a good chart indicator for entry. The option is only as good as it's underlying stock.

I have had a lot of success recently using this method. I have also made money on every one of $$$Mr. Market's$$$ picks using the charts for an entry. Oh yea, these would do well in an UP trending market.

A few that caught my eye tonight 4/29 are QCOR, YCZ, RGLD

[wooish]

Steel

Nice thread. Are you using the 5/30MA with MACD to time your entry? I've seen a few sites that uses this method.

[steelman]

Did you see QCOR today???!!! up 12% while the DOW is down 110 pts.

Wooish, The first chart that will come up is a 6 month chart that has the 30 day MA. My indicator on stochastics is once it goes over 25 or it looks like it's getting ready to. Then from those, I have been looking at the 3 month from there.

[wooish]

So u look at full stoch and 30MA, do you also use the RSI and MACD?

[steelman]

So u look at full stoch and 30MA, do you also use the RSI and MACD?

I do use MACD and sometimes I do look at RSI, but I have my chart set for full stochastics, MACD and 30 day MA.

[steelman]

I recetnly bought call options in FLIR, HOV, QCOR, CTSH ($$$MM$$$pick), F, DELL and GFI during the past few days to a few weeks back and still holding.

I had some real nice winners in the past 8 weeks with HA, BYI, SRCL, CXW, EGO, VSH, C, BUCY ($$$MM$$$), RDWR, KLIC.

My losers were HEAT and EBIX using this criteria. The overall return from the above closed trades was 41%. Again, these were all options.

I still wish I would have found $$$Mr. Market$$$ about a year earlier than I did. Anyway, I look forward to still learning from everyone here and I want to make a ton of money together!

[skiracer]

I recetnly bought call options in FLIR, HOV, QCOR, CTSH ($$$MM$$$pick), F, DELL and GFI during the past few days to a few weeks back and still holding.

I had some real nice winners in the past 8 weeks with HA, BYI, SRCL, CXW, EGO, VSH, C, BUCY ($$$MM$$$), RDWR, KLIC.

My losers were HEAT and EBIX using this criteria. The overall return from the above closed trades was 41%. Again, these were all options.

I still wish I would have found $$$Mr. Market$$$ about a year earlier than I did. Anyway, I look forward to still learning from everyone here and I want to make a ton of money together!

i know you did well with two that i brought to the forum, VSH and HOV

[mrfly]

I read about this one on motley fool stock advisor. I checked Mr M's scale and it scored 104. I didn't read any disclaimers saying they had been paid to promote this stock. First ---does anyone know this site and am I wasting my time reading anything from there or what? The way they make it sound YUM is supposed to be the next Mc D's in China !!! Umm I've heard that so many times before. Also, what do you think of ITMN. I read somewhere, not sure now--- my mind is melting with all this research. The FDA is supposed to decide by this coming Tuesday on a treatment for lung disease, which would be the ONLY ONE to treat this certain type of lung disease. If approved... this certainly would shoot the stock up. Any thoughts. If this stuff is old news, my apologies, I'm new at this game and haven't read all the earlier posts.

Regards

[mrfly]

Re: ITMN Here is part of the article I read on PR newswire.

Though the Advisory Committee's recommendations are not binding, they will be considered as the FDA completes its review of the New Drug Application (NDA) for Esbriet. Esbriet received Orphan Drug, Fast Track and Priority Review designations by the FDA. Priority Review designation may be granted by the FDA to an NDA for drugs that have the potential to offer major advances in treatment, or provide a treatment where no adequate therapy exists. A target date of May 4, 2010 has been set under the Prescription Drug User Fee Act (PDUFA).

Does anyone know anything about this trial? Do you think this might be too risky for entry at this time? My gut tell's me that there is more potential for this stock to drop with any hint of bad to neutral news and increase slightly with expected good news. IMO

[steelman]

i know you did well with two that i brought to the forum, VSH and HOV


Oh Yeah Ski. That's a fact. VSH was nice and HOV has been my biggest gain of them all!! .35 to 2.65!!! Thank you for those.

[steelman]

I read about this one on motley fool stock advisor. I checked Mr M's scale and it scored 104. I didn't read any disclaimers saying they had been paid to promote this stock. First ---does anyone know this site and am I wasting my time reading anything from there or what? The way they make it sound YUM is supposed to be the next Mc D's in China !!! Umm I've heard that so many times before. Also, what do you think of ITMN. I read somewhere, not sure now--- my mind is melting with all this research. The FDA is supposed to decide by this coming Tuesday on a treatment for lung disease, which would be the ONLY ONE to treat this certain type of lung disease. If approved... this certainly would shoot the stock up. Any thoughts. If this stuff is old news, my apologies, I'm new at this game and haven't read all the earlier posts.

Regards

I did see YUM on Motlley' SA. The buy/entry was in early March at $34 ish and most of us don't like to chase. Motley's SA is nice. I subscribed to it last year. I would look at their 2 picks every month and see if they met the criteria I was looking for. If it did, I bought, if it didn't I wouldn't.

[mrfly]

Any thoughts on BP after it bottoms out and support is established?

Sucks what's happening to the Gulf coast. I'm flying down to Texas for a serious kayak flyfishing camping trip to the Laguna Madre in 2 weeks, I hope it's not the last time I see those pristine white dunes. I was hoping to fish the surf but might have to stay in the bay. We'll have to see where the wind and tide takes this massive spill? The Chandelier Island Chain is getting a direct hit right now, so sad. :(

[skiracer]

Any thoughts on BP after it bottoms out and support is established?

Sucks what's happening to the Gulf coast. I'm flying down to Texas for a serious kayak flyfishing camping trip to the Laguna Madre in 2 weeks, I hope it's not the last time I see those pristine white dunes. I was hoping to fish the surf but might have to stay in the bay. We'll have to see where the wind and tide takes this massive spill? The Chandelier Island Chain is getting a direct hit right now, so sad. :(

you'll be just in time for the oil slick. the whole louisiana and north texas coastline is going to take the brunt of it. what will you be fishing for. bonefish in the shallows?

[mrfly]

No bonefish in Texas, I wish. You can find the Odd snook or two starting from Corpus Christi down to the the boarder. I'm going to be mid Texas coast, she might get spared. The last longest undeveloped shoreline in the US, 60 miles of 4 wheel only accessible federal land. We will go down with 2 trucks and a trailer with kayaks, camp for 4 - 5 days. No trees, lots of heat, bugs, snakes and grass flats as far as the eye can see with tailing redfish and speckled trout on the Baffin bay side. Known for the biggest specks in the world. On the front side of this beautiful barrier island is the Gulf where on a flat day you can catch anything from a 2 lb spanish mack to a monster tiger shark. This time of year you can drive up and down the beach and watch for birds crashing bait, Cardiac city. Just like a box of chocolates, you never know what you'll get. I've got a 12 wt fly rod ready for 150 # Tarpon if they decide they want to play. I'm an addicted to the life of flyfishing and have gear for any style or fish. Love hitting the Cano Negro in Costa Rica. That Contra war was good for something. Last major spill to hit the Texas coast was over 20 yrs ago and that was nothing like this one. Took along time to recover.
It will be interesting to see how this BP mess turns out. Any thoughts of playing BP at all after there expected plunge ?? Or do you think that it is just too unpredictable to risk anything ?

[steelman]

Oil and Gas Integrated is not the best sector right now. BP is somewhat overvalued. I would wait for the correction. There was a huge sell off the last couple of days. The last 3 months, it had a nice climb and probably would still be climbing if not for the spill. My entry would have been early March at $55. We will just have to keep an eye on it.

I was looking through some stocks and here are a few that meet the criteria as of tonight.

CISG Insureace-misc.
ALXN Biotech Investools has a projected price of $579 a share
HANS Beverage-non alcoholic, a little overvalued but may bounce off of support.

I will be buying some calls for ALXN on Mon or Tuesday. I want to see what the market futures are for Monday morning.

[skiracer]

you'll be just in time for the oil slick. the whole louisiana and north texas coastline is going to take the brunt of it. what will you be fishing for. bonefish in the shallows?

Im familiar with that part of the texas coastline from Corpus Christi down to brownsville/matomoros and ive fished that area numerous times. i thought we used to catch bonefish there but snook are kind of similiar in shape and fight arent they. i spent alot of time along the eastern mexican coastline back in the late 60's thru the mid 70's and i have caught spanish mackerel and tarpon along the mexican coastline between matamoros and tampico. we always flew into corpus christi and drove down to brownsville/matamoros and crossed the border there and then continued down the coast. i have plenty of fond memories of corpus christi. nice city. some of the very best big brown buds come from that area of mexico.
im an avid surf fisherman here at the jersey coast. bring your gear. some real good fly fishing in our barnegat bay for stripers, weakfish, and bluefish right in our backyard. im fishing 3-4 times a week now during the spring striper run.
i couldnt see making any kind of a play other that shorting or buying puts on BP right now. this situation in the gulf is only going to get worse and they dont seem to have any control over it yet. BP is responsible for the cost factor and it looks like it could rukn into the billions.

[steelman]

[QUOTE=skiracer;104797][B]Im familiar with that part of the texas coastline from Corpus Christi down to brownsville/matomoros and ive fished that area numerous times. i thought we used to catch bonefish there but snook are kind of similiar in shape and fight arent they.

I grew up bass fishing in southern Colorado. The only thing I know about that area of Texas is South Padre Island. We went down there for Spring Break a few years back. We stayed in Brownsville and hit Matamoros a few nights as well. I was doing a little different kind of fishing back then. I know we always caught our daily limit :D

[skiracer]

[quote=skiracer;104797][b]Im familiar with that part of the texas coastline from Corpus Christi down to brownsville/matomoros and ive fished that area numerous times. i thought we used to catch bonefish there but snook are kind of similiar in shape and fight arent they.

I grew up bass fishing in southern Colorado. The only thing I know about that area of Texas is South Padre Island. We went down there for Spring Break a few years back. We stayed in Brownsville and hit Matamoros a few nights as well. I was doing a little different kind of fishing back then. I know we always caught our daily limit :D

Matamores was wide open when i was going down there. a sleepy little mexican city. the American dollar could take you a long way down there in those days.

[mrfly]

Those really were the good ol dayz. I'm so lucky I'm not dead or in a Matamores jail looking at my buddies with a 5 foot beard. Cheap liquor, free women, all the dope a 20 yr old could handle and then I would catch 8 # specks behind louise backyard. Now they don't want to rob you, they want to kill you. I was OK with the bribe thing. On the Island-- Jet skis tearing up what was once pristine trophy speck fishing. I couldn't believe it, I'd have the worst hangover and be the only one fishing while looking at thousands of rooms with spring breakers presumably passed out. World class fishing hole surrounded by thousands of teenagers and 20 somethings and I'm solo catching trophy specks!!! Hangover cured .
Bonefish are in Texas, it's just that they are so rare and are not known to reside there. Only the odd lost one or two that migrate from Mexico. Snook are becoming more common but are still considered rare. The highest concentrations of snook are going to be South bay next to Port Isabel and the South Padre Jetties. With this Global warming, who knows', you might hear of bonefish spawning in Texas.
This spill really sucks. It could hit the gulf stream and creep all the way to you guys. Scary stuff. I also vacation in Destin Florida, for those who have been there know how devastating this will be to the panhandle when it hits.
I hope it doesn't affect your stripper fishing, I've never been there for that but am aware that it competes as one of the best fishing places in the world. A little kept secret, kind of like Texas. People say Oregon, Washington, ID, MT or better yet Alaska. I live in Washington State. Tell you what, I have fished almost everywhere and I would take take Texas over anywhere from my personal experience and then I would take the upper east coast for exploring the Coastal strippers next. For exotics I would hit the Cano Negro in Costa Rica and get those 200 lb freshwater Tarpon, 50 # snook and 15 # rainbow bass that make bucket mouths look like wimps.
Thanks alot for the $$ advice. I'm a late bloomer in this game and know enough to lose my a$$ if I'm not careful. Going back to my honey do list on this dreary weekend in the PNW. Gearing up for South Texas, then I'll do a 5 day float/camp trip down the Deschutes River in Oregon either that or Montana for the Salmon fly hatch. I'll figure that out on the fly.

[skiracer]

Those really were the good ol dayz. I'm so lucky I'm not dead or in a Matamores jail looking at my buddies with a 5 foot beard. Cheap liquor, free women, all the dope a 20 yr old could handle and then I would catch 8 # specks behind louise backyard. Now they don't want to rob you, they want to kill you. I was OK with the bribe thing. On the Island-- Jet skis tearing up what was once pristine trophy speck fishing. I couldn't believe it, I'd have the worst hangover and be the only one fishing while looking at thousands of rooms with spring breakers presumably passed out. World class fishing hole surrounded by thousands of teenagers and 20 somethings and I'm solo catching trophy specks!!! Hangover cured .
Bonefish are in Texas, it's just that they are so rare and are not known to reside there. Only the odd lost one or two that migrate from Mexico. Snook are becoming more common but are still considered rare. The highest concentrations of snook are going to be South bay next to Port Isabel and the South Padre Jetties. With this Global warming, who knows', you might hear of bonefish spawning in Texas.
This spill really sucks. It could hit the gulf stream and creep all the way to you guys. Scary stuff. I also vacation in Destin Florida, for those who have been there know how devastating this will be to the panhandle when it hits.
I hope it doesn't affect your stripper fishing, I've never been there for that but am aware that it competes as one of the best fishing places in the world. A little kept secret, kind of like Texas. People say Oregon, Washington, ID, MT or better yet Alaska. I live in Washington State. Tell you what, I have fished almost everywhere and I would take take Texas over anywhere from my personal experience and then I would take the upper east coast for exploring the Coastal strippers next. For exotics I would hit the Cano Negro in Costa Rica and get those 200 lb freshwater Tarpon, 50 # snook and 15 # rainbow bass that make bucket mouths look like wimps.
Thanks alot for the $$ advice. I'm a late bloomer in this game and know enough to lose my a$$ if I'm not careful. Going back to my honey do list on this dreary weekend in the PNW. Gearing up for South Texas, then I'll do a 5 day float/camp trip down the Deschutes River in Oregon either that or Montana for the Salmon fly hatch. I'll figure that out on the fly.

the barnegat bay backbay area by barnegat lighthouse provides some of the best early spring striper fishing on the east coast. surpassed only by the chesapeake bay and the barrier islands off the carolinas. theres a large area of shallows off of what they call sedge island where you can use a kayak or shallow draft boat like a carolina skiff or just use your waders and walk out on to them. then in the summer the weakfish come in and the fishing is great. alot of guys using fly fishing setups out on those flats for weakfish. the weakies are the best eating of them all in my opinion. they call them seatrout. yellow and green and speckled sides and underbodies like frest water trout except much larger. ive caught them 30 in. and 8-10 lbs. soft mouths and not real big fighters but good eating.

[mrfly]

WOW:eek: 30 inch Specks? If it's the same weakfish we get in Texas, that is huge. Three types of weakfish I know, Speckled trout, sand trout and gulf trout. They have two fangs and a yellow mouth from their shrimp diet. All are excellent table fair. Problem is, only the specks will keep in a freezer, the other two get mushy when thawed, so you just have to have a big fish fry or let em go. The specks we get put up a pretty good fight and are awesome jumpers. Of coarse I'm hooking them in less than two feet of water most of the time. Even when I lived in Texas and ran my boat in 8 inches of water at 55 MPH, I couldn't wait to anchor and jump out to start wading and do the Texas two step. There mouths are very weak hence weakfish and have to be played as such. Also a very spooky fish in shallow water and have to be stalked carefully. Where as Redfish you can spot them 25 feet a way, do a roll cast hook em and horse em. I was really hoping for the surf to get flat and be wide open, but this spill may change that for a long long time. Only silver lining is I might be able to get my son to move from Texas to Washington state. He was almost inconsolable when I talked to him today. He will spend his last nickle to go offshore on overnight trips. Now that might change. I would chance messing with his girl before messing with his fish.
I need to make the time to hit those stripers one of these springs. I have so many places I like to go it's very difficult to do it all but I'm trying my best :D
Good luck in the morning

[steelman]

I did pick up some ALXN $60 August calls today.

[skiracer]

I did pick up some ALXN $60 August calls today.

those calls were up .55 today. what did you get in at.

[steelman]

those calls were up .55 today. what did you get in at.

I got in at 2.25. I feel good about this one. It doesn't look like much is holding it back and Investools has a projected price of $579. Seemed like a safe play.

I am still trying to get my head around HOV. What a nice pick you had!??!?! I took a little of the profit and went back in on the $10 August calls.

[mrmarket]

I did pick up some ALXN $60 August calls today.


I think ALXN's PE may be a little understated...it looks like they took a big one time tax gain last quarter which led to a swell in earnings.

[skiracer]

I got in at 2.25. I feel good about this one. It doesn't look like much is holding it back and Investools has a projected price of $579. Seemed like a safe play.

I am still trying to get my head around HOV. What a nice pick you had!??!?! I took a little of the profit and went back in on the $10 August calls.

what did you buy those Aug $10 calls at steel?

[skiracer]

[quote=skiracer;104893]what did you buy those Aug $10 calls at steel? i think i'll be buying some of them tomorrow at under $1 around .95 or so.

[steelman]

[quote=skiracer;104893]what did you buy those Aug $10 calls at steel? i think i'll be buying some of them tomorrow at under $1 around .95 or so.

Ski, I bought them at 2.25.

[steelman]

I just came back from vacation. I wasn't really able to keep up on everything and saw some crazy swings in the indexes over the last 8 days..wow! My search at the end of trading today brought these 6 bullish stocks near support.

TTC Toro Company
HOG Harley Davidson
FAST Fastenal Company
UA Under Armour Inc.
TDY Teledyne Technologies, Inc.
HTZ Hertz Global Holdings, Inc.

Dow was down 114 today. I hope it's time to back over 11,000 tomorrow. If it does, these should do well.

[billyjoe]

steel,
This is a great thread with unlimited potential, but I have a few questions. At the Barchart.com website they seem to use your support point as their pivot point with a lower number for support. Here's what they have today.

Stock------Closing Price------Pivot-----Support

TTC-----------55.16-----------55.38------54.13

HOG----------32.91-----------33.23------31.92

FAST---------54.98-----------55.02------53.67

UA------------34.01-----------33.95------32.99

TDY-----------43.41-----------43.41------42.61

HTZ-----------12.93-----------12.97------12.48


I think you're talking about the same thing using different terminology. Assuming most of these break out above current levels do you have a set sell point in mind or do you adjust based on moving resistance? Thanksv and keep up the good work.

-----------billy

[steelman]

Thanks Billy,

When I was trading stocks my exit was when 3 things would happen. These would not necessarily happen on the same day.
1. If the price dropped below it's 30 day MA
2. Stochastics dropped below 75
3. MACD went negative

If all 3 of these are in place I could sell. However I had been setting a stop at 3% below the current price at this point because I didn't want to lose out on a bounce at support. I would always take profit at 15% unless these indicators suggested the stock is still moving up. Or I would ask Ski where he thought it would be headed, LOL

My entry has always been the complete opposite.
1. price moved above it's 30 day MA
2. Stochastics was above 25 and still turned up
3. MACD is positive and still turned up.

Since I have slowly moved into options, all these still hold. I still look at these for my entry and exits.

[steelman]

Here's what came up tonight.

SFSF Successfactors, Inc.
CPHD Cepheid
EMS Emergency Medical Svc
SCLN Sciclone Pharm.
ASPS Altisource Portfolio Solutions

I believe these will do really well this week if the market trend goes UP.

[steelman]

It might be time to change this thread from Bullish stocks near support to Bearish stocks near resistacne :confused:

[steelman]

Ok, I know it's been crazy out there but, I really like GMCR. I am long on this one. I bought some September $25 calls today. GMCR ranks very high in earnings, revenue and growth. Investools has a projected price of $137.82. Gross profit went from $177 million in 2008 to $250 million in 2009. NET income went from $22 million to $56 million during the same time frame. Also, take a look at the earnings estimates. I am lovin' me some coffee today. Seems like people will always drink coffee and buy clothes, shoes, beer and liquor in good times and bad.

[riverbabe]

Ok, I know it's been crazy out there but, I really like GMCR. I am long on this one. I bought some September $25 calls today. GMCR ranks very high in earnings, revenue and growth. Investools has a projected price of $137.82. Gross profit went from $177 million in 2008 to $250 million in 2009. NET income went from $22 million to $56 million during the same time frame. Also, take a look at the earnings estimates. I am lovin' me some coffee today. Seems like people will always drink coffee and buy clothes, shoes, beer and liquor in good times and bad.

Steel, I really like this one too. Bot it 4/28 in the PM when it dropped after earnings (73.93). Nice 3 for 1 split this week. I have a Keurig single-cup coffee maker and buy all those brands of K-cups from GMCR/Keurig. Good stuff and growing business!

[wooish]

OK I'm joining you guys, just got filled GMCR Sept $25, small position but will buy more to scale in. Wow I'm on a buying spree, today I bought GMCR, GE Sept $16, BWLD Sept $45, NYB Oct $17 and DIA June $103 calls.

[skiracer]

OK I'm joining you guys, just got filled GMCR Sept $25, small position but will buy more to scale in. Wow I'm on a buying spree, today I bought GMCR, GE Sept $16, BWLD Sept $45, NYB Oct $17 and DIA June $103 calls.

I like the Oct. 17 NYB calls myself wooish. didnt buy them yet but am kicking myself for not buying the stock or the calls when the stock was at $15.21 today. All NYB needs is an up market.

[steelman]

Does anyone know why ODSY had that big gap up yesterday? The market was down a lot yesterday and ODSY went up 38.67% with a huge spike in volume. Avg volume is 878,000 and yesterday it had 17 million shares traded.

[riverbabe]

Does anyone know why ODSY had that big gap up yesterday? The market was down a lot yesterday and ODSY went up 38.67% with a huge spike in volume. Avg volume is 878,000 and yesterday it had 17 million shares traded.

Being bot by Gentiva:
http://biz.yahoo.com/e/100524/odsy8-k.html

But also see big big questions here in news headlines: http://finance.yahoo.com/q?s=odsy

[steelman]

GMCR currently at $24.20, up 3.42% from yesterday. If we can break 30 day MA resistance, I think we are all going to be really happy with our Sep calls!!

[steelman]

Here are today's Bullish Stocks near support.

VRX Valeant Pharm Int
DLB Dolby Lab Inc
ALXA Alexza Pharm
H Hyatt Hotels
IDXX Idexx lab. Inc.

There were 39 that came up, not sure how. These 4 seem to have the best charts and poised to POP up if the market turns positive.

[steelman]

Yesterday I had picked up some September $45 calls from $$$Mr. Market's$$$ Lululemon!! They are up from $2.50 to $5.00 today. I will be watching LULU closely.

I currently have calls in LULU, GMCR, ALXN, QCOR, CBI which are either in the money or very close. If the market turns up, these should do very well and offset the losses in May from some other calls I had.

The S&P's stochastic turned up above 25 at the end of May about the same time as MACD histogram went positive above 0. It's 30 day MA is 1139 and it's at 1102. If it crosses the 30 day, we should be in for a nice ride up. Let's hope for positive news and headlines. Hope everyone is doing well.

[steelman]

Seriously, is it too much to ask for to have 2-3 up days in a row???

[wooish]

Steel

Actually I think that's asking a lot in this economic environment. If it weren't the government and GS spinning bad news to good, the S&P would be at 600 by now. Only a handful of websites that publish the fact about bad news around the world and www.zerohedge.com is one of them. I read this site everyday just to check how much our government is lying to us.

[skiracer]

Seriously, is it too much to ask for to have 2-3 up days in a row???
steel
are you still holding those lulu calls?

[steelman]

steel
are you still holding those lulu calls?

Ski, Yes still holding the LULU calls. They are September options and so are the GMCR.

It's always tempting to take the profit when it pops up like that in a few days. Then you have TODAY. I am trying to take the day to day emotional roller coaster out of these trades by making the entry and exits based on the charts/indicators and then I will end up asking you anyway LOL.

[steelman]

Steel

Actually I think that's asking a lot in this economic environment. If it weren't the government and GS spinning bad news to good, the S&P would be at 600 by now. Only a handful of websites that publish the fact about bad news around the world and www.zerohedge.com is one of them. I read this site everyday just to check how much our government is lying to us.

Wooish,
That's a good site, thanks. I really can't stand to listen to our President speak because all I hear is..."lie, uhhh...ummm...lie..blah...blah...blame it on everyone else...lie..blah..blah and lie"

[skiracer]

Wooish,
That's a good site, thanks. I really can't stand to listen to our President speak because all I hear is..."lie, uhhh...ummm...lie..blah...blah...blame it on everyone else...lie..blah..blah and lie"

and it is beginning to catch up with him. everyone is noticing how bad a manager he is. he's great at campaigning and telling everyone what they want to hear to gain their votes. it's what spin doctors do and he is very good at that but he's no leader or manager of any sort.

[Fuller]

Yes, there will be also a reversal for EUR/USD next days

[peanuts]

Yes, there will be also a reversal for EUR/USD next days

Intuition?

[steelman]

Do tell. I have never traded anything in the Forex. I did read about some etf's that trade currencies. I will try and find the newsletter and see what it says.

[steelman]

I have a busy day at work today. Here is what came up this morning for Bullish stocks near support.

IRBT PPDI DLB TWC OPEN

Best of luck to all this week. Looks like the S&P will try to break through it's 30 day MA.

[steelman]

FSLR looks good today. It's currently at $113, Investools has a projected price of $4,400 so it fits the 50% margin of safety. It's very close to breaking through it's 30 day MA of $115.

[findstock]

Thanks for the post, I will come back later to check out the latest picks!
I would like to learn how to read the market but not easy for me. By the way FSLR did great today $117 and the marget in general did great. Just little bit worried that we would have bad day tomorrow. I mean lately the market swings too much.

[steelman]

Today in my scan, CBEH China Integrated Energy came up along with 4 others but the chart looks the best.

It's currently trading at $9.15. It has a projected price of $18.49. It's EPS rank is 85. Before the markets tanked at the beginning of May, it was at $12. On Wednesday it closed above it's 30 Day MA, MACD and Stochastics are still pointing up as well. The only negative is it has low volume, avg vol is 340,000.

I currently have a limit order in for a September $10 call. Still holding calls in LULU sep ($$$MM$$$), GMCR sep, ALXN aug, FSLR july, CBI july.

[steelman]

From the looks of this chart, we should be trending up for the next month or so. Any thoughts?

http://www.mrmarketishuge.com/attachment.php?attachmentid=991&stc=1&d=1276885857

[wooish]

They can trend up the market as long as they want because the trade bots are in control. The rally for the past months has been lacking in volume and on top of that market ignore all bad news but embrace good news which really bothers me a lot. I don't know if I should go short or long in this market anymore.

[steelman]

Wooish,

Agreed. It's so hard to get a read right now and I would have been much more excited if he had good volume on the rally days. All were below average volume. Let's just stick to picking great companies on sale. It seems when there is a company with great fundamentals; earnings, revenue and growth they don't tank as much on the down days. They seem to pop up a little more on the up days.

[steelman]

Here are today's Bullish Stocks near support.

CELG
FLIR
SJI
TU
Good luck to everyone this week.

[steelman]

Wow, what a long holiday weekend. I am spent. Just did a search. It's Wednesday and the markets closed about 30 minutes ago.

The S&P is looking to break through it's 30 day MA. I hope this happens. If it does, these bullish stocks near resistance should do well.

ENB SXCI APKT NTCT TLK ARLP

I hope everyone enjoyed our Independence Day celebration!

[steelman]

I am still hold GMCR Sept 25 call. Does anyone have any idea what a stock does if its earnings match estimates? I noticed GMCR usually beats estimates but has been even 2 out of the last 5 quarters.
Thanks,

[steelman]

There are more stocks but I am choosing 1, becasue I have been swamped recently. In addition to my wife, kids, work (going through a transition), VoiParty, trying to finish my options class, I accepted a position coaching HS Linebackers. I don't know how I am going to pull it all off, but I have to find a way. Anyway, here is one stock that matches all my criteria.

EMS Emergency Medical Services
Great Fundamentals, its EPS rank is 93. Stochastics is turned upward and it's right about 50, MACD Histogram is in positive territory. I like to look for stocks near support but this one is actually approaching resistance. If it can break through its 30 day MA I think it can take a ride back to the the $55 level. It's currently at $47.

Also, Misc. Transportation is a top performing sector right now. By doing a top down analysis from S&P over the last 3-4 weeks, we are uptrending, top sector and the best stock in the sector, this has all the makings of a winner. Also, Investools has a projected value of $72.97

[steelman]

Ok, I know it's been crazy out there but, I really like GMCR. I am long on this one. I bought some September $25 calls today. GMCR ranks very high in earnings, revenue and growth. Investools has a projected price of $137.82. Gross profit went from $177 million in 2008 to $250 million in 2009. NET income went from $22 million to $56 million during the same time frame. Also, take a look at the earnings estimates. I am lovin' me some coffee today. Seems like people will always drink coffee and buy clothes, shoes, beer and liquor in good times and bad.



@ 10:36EST Green Mountain shares rise after Q3 beat, strong FY11 outlook
Today, up to $31, 8%. The September $25 call is up $1.80 /39%

[steelman]

There are more stocks but I am choosing 1, becasue I have been swamped recently. In addition to my wife, kids, work (going through a transition), VoiParty, trying to finish my options class, I accepted a position coaching HS Linebackers. I don't know how I am going to pull it all off, but I have to find a way. Anyway, here is one stock that matches all my criteria.

EMS Emergency Medical Services
Great Fundamentals, its EPS rank is 93. Stochastics is turned upward and it's right about 50, MACD Histogram is in positive territory. I like to look for stocks near support but this one is actually approaching resistance. If it can break through its 30 day MA I think it can take a ride back to the the $55 level. It's currently at $47.

Also, Misc. Transportation is a top performing sector right now. By doing a top down analysis from S&P over the last 3-4 weeks, we are uptrending, top sector and the best stock in the sector, this has all the makings of a winner. Also, Investools has a projected value of $72.97

Up 5.75% today, just did well with earnings.

[steelman]

I like CEPH today.

EMS is still uptrending from the last 2 weeks.

I am still holding my Sept 25 calls. I want to sell, but the chart still looks really nice.

[steelman]

I actually just sold my calls on GMCR. Had a limit order in and it hit. I still like GMCR but I am going to find a new stock. Personally, I haven't done well when I get back in a my winners right away. I bought my calls for $2.50 and I sold at $7.00, not a bad 180% return in 10 weeks.

[steelman]

Today, I really like FCFS First Cash Financial Services.
Investools has a projected price of $37.24. it's currently trading just above it's 30 day MA. MACD is about to move into positive territory and stochastics is pointing up, over 50. Accumulation looks up and there was a nice spike in volume a couple of weeks ago.

[billyjoe]

Steel,
FCFS is trending up nicely. VV has it valued at 39.19. Also rated 51st of over 8,000 tracked stocks.

-------------billy

[steelman]

Went back into GMCR yesterday with some December $35 calls.

[steelman]

Also picked up some FCFS December $25 calls yesterday.

[Peter Hansen]

Also picked up some FCFS December $25 calls yesterday.

Steel several years ago there was a scheme to own your own "payphone" and reap huge profits , but they wanted about $1500.......then of course the vending machine nonsense........all proved to be sucker bets.
Basically the questions one must ask .......if the "OPPORTUNITY" was is so good......why doesn't the company just buy all the poles in the various areas and make ALL THE MONEY?
Why split the booty with anyone? ......seems as if they will make more money on getting 3 more "victims" alas .......the perfect pyramid scheme..........I could be wrong but just my thoughts!

[steelman]

Steel several years ago there was a scheme to own your own "payphone" and reap huge profits , but they wanted about $1500.......then of course the vending machine nonsense........all proved to be sucker bets.
Basically the questions one must ask .......if the "OPPORTUNITY" was is so good......why doesn't the company just buy all the poles in the various areas and make ALL THE MONEY?
Why split the booty with anyone? ......seems as if they will make more money on getting 3 more "victims" alas .......the perfect pyramid scheme..........I could be wrong but just my thoughts!

Pete, you know pyramid schemes are illegal right? This is not a pyramid scheme. However, we are a direct sale, network marketing company in the telecommunications industry.

To answer your question, it would be very expensive for the company to locate 1.3 million devices nationwide. At&T, Verizon, Qwest have hundreds of millions and billions a year in overhead. Our members are the network. We are providing a dedicated land line and an internet connection for the company to route calls through. Since we are providing this, they are paying us for the useage. This gives the company an extremely low overhead compared to the industry. This allows them to provide the lowest cost route. They pay the members/device owners 70% of the total revenue generated. This is a Billion dollar a month revenue stream that is in place. We are the foundation of the company. Without the devices in our homes, there is no business. The company needs us for this whole system to work.

Oh yeah, Pete...what does this have to do with FCFS? LOL

[Peter Hansen]

Pete, you know pyramid schemes are illegal right? This is not a pyramid scheme. However, we are a direct sale, network marketing company in the telecommunications industry.

To answer your question, it would be very expensive for the company to locate 1.3 million devices nationwide. At&T, Verizon, Qwest have hundreds of millions and billions a year in overhead. Our members are the network. We are providing a dedicated land line and an internet connection for the company to route calls through. Since we are providing this, they are paying us for the useage. This gives the company an extremely low overhead compared to the industry. This allows them to provide the lowest cost route. They pay the members/device owners 70% of the total revenue generated. This is a Billion dollar a month revenue stream that is in place. We are the foundation of the company. Without the devices in our homes, there is no business. The company needs us for this whole system to work.

Oh yeah, Pete...what does this have to do with FCFS? LOL


Steel ........if one were to invest the initial approximately $300 and if he did not yet sign up 3 more members ......what could the average guy expect to receive for his monthly check?
This is what a perspective member of the business would want to know. He would be trying to ascertain how long it would take to recoup his initial investment.
It does sound good.......but inquiring minds wish to know!
If I were to buy a franchise , I definitely would like to see the "REAL" set of books . Only a guy riding a turnip wagon would throw down $500K on a wing and a prayer. LOL

[steelman]

Steel ........if one were to invest the initial approximately $300 and if he did not yet sign up 3 more members ......what could the average guy expect to receive for his monthly check?
This is what a perspective member of the business would want to know. He would be trying to ascertain how long it would take to recoup his initial investment.
It does sound good.......but inquiring minds wish to know!
If I were to buy a franchise , I definitely would like to see the "REAL" set of books . Only a guy riding a turnip wagon would throw down $500K on a wing and a prayer. LOL

Hello Pete,

First and foremost, we are not looking for anyone right now to buy a device and not spread the word and refer new members. We are building an peer to peer InterExchange network through word of mouth, viral marketing. If someone buys a device and doesn't refer anyone that does not help us grow.

However, to answer your questions if someone buys a device and doesn't spread the word; That person could drop the long distance part of their phone bill, saving $20-$30 a month in long distance. So this would pay for the device within 8-9 months. This is what my wife and I did. You would receive free long distance calling through your device. You would probably make about 10 bucks a month with your own device. When Phase 2 is over, when 1.3 million devices are in place, they will move into phase 3 which is retail phone service. The are projecting 20 million customers and all of these will also route through our network. You would see a fairly decent amount of money with this. Then they will have internet service in Phase 4, then Phase 5 which is iTV. Lots of room to grow in this industry.

Pete, if you refer just 1 person you would qualify your device into the network, and would share in the revenues of the whole network. Especially since I am actively bringing new members in. You would receive a share in this. I have one person that I am working with right now that says he's going to have 5000 sign ups within a year since he works with national organizations for fund raising. If this happens, you would see $5000 a month minimum.

I just don't know where you can spend $287 one time, and have the potential to see thousands of dollars a month of residual income without anything more to buy. That was a very easy risk for me to take, a no-brainer especially since I will burn that on a good night out with nothing to show for it besides an empty wallet the next morning.

When I bought this, there were no guarantees. I bought this before the network went live. I bought this on pure faith, that the company could do what they said they were going to do. Well, it's not in the idea stage anymore. The network is live, the devices are real, calls are terminating and fees are being generated. I hope this helps clarify what we are doing. We are still in our infancy as well. We are approaching 20,000 members.

[Peter Hansen]

Hello Pete,

First and foremost, we are not looking for anyone right now to buy a device and not spread the word and refer new members. We are building an peer to peer InterExchange network through word of mouth, viral marketing. If someone buys a device and doesn't refer anyone that does not help us grow.

However, to answer your questions if someone buys a device and doesn't spread the word; That person could drop the long distance part of their phone bill, saving $20-$30 a month in long distance. So this would pay for the device within 8-9 months. This is what my wife and I did. You would receive free long distance calling through your device. You would probably make about 10 bucks a month with your own device. When Phase 2 is over, when 1.3 million devices are in place, they will move into phase 3 which is retail phone service. The are projecting 20 million customers and all of these will also route through our network. You would see a fairly decent amount of money with this. Then they will have internet service in Phase 4, then Phase 5 which is iTV. Lots of room to grow in this industry.

Pete, if you refer just 1 person you would qualify your device into the network, and would share in the revenues of the whole network. Especially since I am actively bringing new members in. You would receive a share in this. I have one person that I am working with right now that says he's going to have 5000 sign ups within a year since he works with national organizations for fund raising. If this happens, you would see $5000 a month minimum.

I just don't know where you can spend $287 one time, and have the potential to see thousands of dollars a month of residual income without anything more to buy. That was a very easy risk for me to take, a no-brainer especially since I will burn that on a good night out with nothing to show for it besides an empty wallet the next morning.

When I bought this, there were no guarantees. I bought this before the network went live. I bought this on pure faith, that the company could do what they said they were going to do. Well, it's not in the idea stage anymore. The network is live, the devices are real, calls are terminating and fees are being generated. I hope this helps clarify what we are doing. We are still in our infancy as well. We are approaching 20,000 members.

Steel thanx for the info on the business. Well ya must follow what is in your heart........think positive.......give it your best shot and don't let ouside forces distract you. Good Luck and have a prosperous year!

[steelman]

FCFS is having a nice move today. My option has doubled. I am tempted to take profit, but it's a December $25 call, so I may let this one ride for a bit.

[steelman]

Here are a few Bullish stocks near support that popped up today.

USNA EMS TSCO GMCR SRCL Good luck this week to everyone!

[steelman]

Had a little extra time this morning, did a search for my Bullish Stocks near support. Here is what came up.

EMS HUM WCRX VZ SYNT

GMCR, ANV (from Pete H) and FCFS are doing really well for me.

[steelman]

ANV hit a limit order today that I had set 2 weeks ago. I am out with over 100% return after commissions. I bought EGO $20 October Calls today.

[steelman]

GFRE came up today in a Top down analysis. S&P has been trending up for 2 weeks. Chemical Manufacturing has been outperforming the S&P and has been trending up since July. GFRE has been outperforming it's sector. Current price is just under $7. Investools has a projected price of $27.26. It took a nice dip the last 2 weeks. It's current EPS growth rate is 33%. It's quarterly earnings went from .23 to .47 from Q1 to Q2 this year. I bought some Jan $7.50 calls today.

[steelman]

Alright gang, Today I bought some $10 Dec calls in CGA. MACD just crossed into positive territory. Stochastics is pointing up and getting ready to go above 25. Net income went from 14 million to 21 million from 6/2009 to 6/2010. Investools has a projected price of $15.59. PE is 9.7, EPS rank is 71. The sector chemical manufacturing has also been trending up since July. CGA was at $12 back in mid August. This should be interesting to see as it approaches its 30 day MA of $10. Will it break through resistance? Let's hope so, everything else looks good.

[steelman]

GFRE is up 3% today. The $7.50 Jan Calls that I bought are looking good, c'mon big money!!:D

[steelman]

WOW!! GFRE stock is up 11.84% right now, $7.28. I am really loving my Jan $7.50 calls!

GMCR us almost 3% right now at $37.16. My Dec $35 calls are doing great.

My most recent trade was CGA Dec $10 calls. Right now, CGA is up 1.5% to $8.54

I am eyeballing RADS right now. It just crossed over its 30 day MA. MACD and Stochastics are very close to turning upward. Computer Networks has been up trending for a month or so.

[steelman]

Hello everyone, I hope you all have been making a killing! I have been really busy with home, work, coaching and the side business. I finally had a few minutes to look at some charts today.

FFIV and MFB meet the criteria today.

As of today, I have current calls in CGA EZPW GFRE MIPS ZAGG. Most of these are November and December calls. CGA EZPW are really close to being in the money. GFRE MIPS and ZAGG are in the money.

"what time is it?" GAME TIME! "what time is it?" GAME TIME! WOOOOOOOOO

[mrmarket]

Hello everyone, I hope you all have been making a killing! I have been really busy with home, work, coaching and the side business. I finally had a few minutes to look at some charts today.

FFIV and MFB meet the criteria today.

As of today, I have current calls in CGA EZPW GFRE MIPS ZAGG. Most of these are November and December calls. CGA EZPW are really close to being in the money. GFRE MIPS and ZAGG are in the money.

"what time is it?" GAME TIME! "what time is it?" GAME TIME! WOOOOOOOOO


FFIV has been really strong for a while...and look at ZAGG..whoooo!

[steelman]

$$$MM$$$$,

I went back into ZAGG with some Nov $7.50 calls. I had no cash left over for FVIV and that would have been a nice play. When it showed up on my search on 10/20 it was $89-$90 and look what it is today, $100. That would have been a return in a short time. So many stocks, so little time.

[billyjoe]

steelman,
MIPS is huge. I had a buy order at 9.88 but I didn't keep it in effect. It dropped to 9.84 on Oct.21 and is up about 40% in 5 days. And I'm crying in my beer.

-----------billy

[steelman]

Billy,
I saw MIPS on Pete's thread I think about a month ago. I had picked up some $10 nov calls for $0.60 That's amazing what it did today, finished up 32%, wow. The ask is $4.20 for my calls. I might see what else it can do for a couple of days.

[steelman]

Well....between today and yesterday, I picked up VIT $40 Dec calls, MSFT $28 Dec calls and ALXN $75 Dec calls.

I have been watching ALXN for the last 2 months from the mid $50's and thought I would get in on a small pull back, but this thing just keeps going up.

I have a limit order in to sell MIPS. I bought the $10 November call and today MIPS is almost to $15.

[steelman]

I was able to run a quick scan today and here is what came up.

FFIV JAS DDIC good luck to everyone this week.

Looks like the market is being pumped today, possibly tomorrow due to the election. We all know the truth....remember to take out the trash tomorrow....vote.

[steelman]

Does anyone have any predictions for the market tomorrow based on past election results through the years?

If Dems win the majority of the races what will happen tomorrow?
If the GOP wins the majority of the races what will happen tomorrow?

I remember the market tanked the day after Nobama was elected.

[smaskell]

Does anyone have any predictions for the market tomorrow based on past election results through the years?

If Dems win the majority of the races what will happen tomorrow?
If the GOP wins the majority of the races what will happen tomorrow?

I remember the market tanked the day after Nobama was elected.

I'm guessing what will affect the market is if/when Congress supplies some tax policy stability. Actually extending the Bush tax cuts in part or whole will create a major flow of cash into the market. I'm market bullish over the next 6 months anyway.

[wooish]

As long as helicopter BEN is in the house, the market will keep going up. They devalue the $$$ so much forcing investors to take higher risk investment. Just wait until someone decides to pull the rug.

In the meantime, I'm shorting the market but leaving about 85% cash on the sideline. Until the market make some decent correction I'm not going to enter this rigged casino.

[steelman]

I sold my Nov $10 calls today for MIPS. I bought them Sept 27 for .60
I sold them today for $5.50 :D Let's see that's a .....816% return in 5 weeks. Oh yea...Daddy like. Pete, thanks for heads up on that one.

[steelman]

I can't keep up, no time. I added VIT Dec $40 calls on 10/28. I added MSFT Dec $28 calls on 10/29. I added ALXN Dec $75 calls on 10/28. I added ZAGG Nov $7.50 calls on 10/15.

Still holding EZPW Dec $22.50 calls, GFRE Jan $7.50 calls, CGA Dec $10 calls. Did everyone see $$$MM's$$$ EZPW shoot up after earnings yesterday??? Impressive, volume is currently up 421%, stock price is up 7-9%

[steelman]

I picked up some SVM December $12.50 calls at the end of the day Friday. This is a really strong stock. It closed at $11.89 on Friday, up 2.77% and volume was up 189% with avg volume at 1.9 million, Friday's volume was 5.5 million. Investools also has a projected price of $340. Gross profit went from $48 million to $79 million for the last 2 years. Net income ytd is $35 million. I don't see where you can go wrong with this stock.

[steelman]

Everyone,
Yesterday I bought some PUDA $12.50 Dec calls about 11am. I was a few days late but it should run up for a bit. PUDA had huge volume today, up 146% from it's daily average.......AND ....just set a new 52 week high today :cool:
Coal is also a top ranked sector right now.

I set some limit orders on some other positions for tomorrow. I might not be in or able to watch the market. I will have a cold, refreshing adult beverage in my hand at all times tomorrow as I will be celebrating the day I was born :D Happy early Veteran's day to everyone!!

[steelman]

Dammmmnnnnnnn......Anyone seen PUDA today? Up 18%!! Avg. Vol 650,000 and right now at 12::39 EST volume is 1,600,000!!! Coal is on FIRE!! C'mon PUDA, run baby run.

[steelman]

PUDA volume today ended with 2,185,000 shares compared to avg volume of 650,000 shares. Approaching 52 week high from last week.

[steelman]

Had a limit order in that filled today, GFRE Jan $7.50. I forgot that I had entered this a little while back. I had set a sell order for $3.00. I bought for .90 Looks like it still has some legs to go up. Investools has a projected price of $30. I might get back in. I will watch it for an entry point.

[steelman]

CCME is looking really good. On a little dip, current price is $16.70, projected price is $66. It's right at 30 day support, stochastics is getting ready to turn up, MACDH is at -.55 turning up, should go positive soon. If it bounces off of support, next resistance is around $22.

[steelman]

Today I sold my call options in ALXN. I had bought the Dec $75 calls on 10/28 for $1.00. Today I sold them for for 2.70 :D Let's see, I held them for about 3 weeks for a 170% return. The market is taking a crap today (Dow down 130 pts, S&P down 13pts) and ALXN is at a 52 week high! I think it will still go up, look at the chart. However, I am taking my profit. On some plays in the past, I have let them run only to see them come down (still profitable) when the markets tank. Plus with options you have time decay and that starts to kick in under 30 days till expiration. For the record, Investools has a projected price of $510 and ALXN still meets all criteria to still buy right now.

[steelman]

Looking for a pullback to get into NOG.

Everyone have a Happy Thanksgiving!!!! Eat and Drink up!

[steelman]

Just ran a new scan today for bullish stocks near support and here is what made the grade right now.

CCME BIDU CVVT ZIX NSR

[steelman]

Well, I keep hearing buy on the red days and sell on the green days. Had some limit orders for today and they hit.

EZPW $22.50 Dec call options were sold today. Entry was .80, Exit was $3.40 :D

PUDA $12.50 Dec call options were sold today. Entry was 1.00, Exit was $2.50:D

[steelman]

Today I picked up some call options in UCBI thanks to Pete Hansen. Good volume lately. It just crossed above its 30 day MA. It's not the most fundamentally sound company. Just playing the momentum here and the options were cheap. So this is my "penny" play. I bought some March $2.50 calls. Let's keep the MoMo with this one.

[steelman]

I put URBN in $$$MM's$$$ contest. I better put some money where my mouth is. There was a god entry, early November around $31. I am currently looking for an entry. Should be early next week. Projected price is $65.

[steelman]

Just ran a quick search and 28 came up. After a quick glance at the charts, here is what looked good.

CATO LKQX NLC NVMI I am going to take a better look at these 4 and see if one is worth buying.

[steelman]

In today's scan, GFRE came up. I am looking for an entry right now.
I also have an order in to buy LKQX. This meets my criteria and the chart has a sweet up trending pattern since September.

[billyjoe]

steel,
Big move in CCME today. It's been on a rollercoaster ride lately. Maybe this is the big move we're waiting for. Also SPRD at 16.61 and GGAL at 15.01 look ripe for the picking.

-----------billy

[billyjoe]

Just looked at CCME 1 year chart. A venemous snake about to strike, bullish sign.

-----------billy

[steelman]

steel,
Big move in CCME today. It's been on a rollercoaster ride lately. Maybe this is the big move we're waiting for. Also SPRD at 16.61 and GGAL at 15.01 look ripe for the picking.

-----------billy

Yes, they both look great. GGAL isn't optionable and I haven't been buying much stocks lately. SPRD is very ripe. I am going to try and get into SPRD and/or CCME this week.

[billyjoe]

Steel,
Just bought SPRD at 16.65. my target is 19.45.

-------------billy

[steelman]

Steel,
Just bought SPRD at 16.65. my target is 19.45.

-------------billy

Nice play. As long as the markets don't tank, get the Santa Claus rally going, you should hit that easily. It went from $15 to $17 in about 4 weeks.

I just picked up some CCME March $17.50 calls. I saw tha an officer/director just had an open market purchase of 100,000 shares at $15.00 on 12/09/10. Their total holdings are 104,000. That has to be a good sign if an insider put down $1.5 million on their own stock.

[Peter Hansen]

Steel when I told ya TMSH was only up 200% end of day it closed up 400% LOL

[billyjoe]

Pete,
I told my broker to place a huge order for TNSH. When he said he couldn't find it I cussed him out and he cancelled my account. Then he blocked all my credit cards and froze my bank accounts.

-------------billy


He just called saying he figured out it was TMSH.pk. He bought a million shares for himself at .09 and wished me a Merry Christmas

[steelman]

Steel when I told ya TMSH was only up 200% end of day it closed up 400% LOL

Pete, A similar situation with Billy happened to me when I tried to put the ranch on TNSH.

However, did you see where UCBI finished today? $2.45, up 17.79% on a 122% increase of average volume. Gotta love that. There has also been some insider buying in the last 4 weeks. There is .50 ask on the table for the March $2.50 calls. I hope this keeps running up for a couple more weeks.

[steelman]

I also think MHR is ready for a breakout. It's above it's 30 day MA, close to support, and stochastics is now above 50 pointing up and MACDH is about to go positive. If we do this and break resistance should get to $7 in a hurry.

[steelman]

Today MHR is at $7.40 and was as high as $7.70. The .20 option I bought was as high as .65 today. There was a HUGE spike in volume yesterday. This should keep going for a bit. They had an 8k come out yesterday with some great news. I have Feb $7.50 calls so I will be watching closely.

[steelman]

Here are a couple of stocks that came up on a search for good earnings estimates, financial scores and that are under $15 a share.

EGY CKSW

[steelman]

MHR, Magnum Hunter Resources has been approved for uplisting to the NYSE!! It's shares will begin trading sometime in the first 10 days of January 2011 and the symbol will still be MHR. I hope this keeps the momo going and gives the share price a boost. I am still holding Feb $7.50 calls.

[steelman]

Yesterday morning at the open, I picked up some Feb $10 calls in AXTI c/o Billy. Nice spikes in volume the last 2 days.

[steelman]

I was told in my options class that only 3 out of 10 options trades are winners but the winners will run. The winners would outweigh the losers. This seemed low to me at the time but, what did I know. I was just starting out a year ago learning about these crazy strategies.

Well, I have never been average and with the help of my course, some software, some virtual coaching and GREAT minds here, I have slapped the teeth out of the averages.

Out of my last 14 closed option trades, I had 9 winners and 5 losers. The span was from August 26, 2010 until 11/9/2010 with a total return of 88.96% :D

I had positions in GMCR FCFS EZPW ($MM$ pick) ANV EGO GFRE HOV CGA MIPS (Pete's pick) ZAGG ALXN VIT SVM PUDA

Italicized symbols were the winners.

I am currently IN, MHR TQNT UCBI CCME AXTI

I hope to keep the MOMO going into 2011, or the MOJO, doesn't matter to me..MOJO Risin'..gotta keep on risin' Let's do this.

[njdevil]

Steelman,
Take a look another look at PUDA.

[steelman]

Steelman,
Take a look another look at PUDA.

Wow, I think I just got a woody. I haven't looked at it since I got out back in Nov. I love the dip and MA, stochastics and MACD are all saying buy!!

The last time, I was in for a buck and out at $2.60. Let's do it again.

[steelman]

Njdevil,

I just bought some Feb $15 calls!! Thanks for bringing PUDA back to the dance.

[steelman]

Today I picked up some TQNT Feb $14 calls. I am still hold my Jan $12 calls in TQNT.

[steelman]

This morning I picked up some Feb $40 calls in PSMT. Their stock is up 4% on earnings report news that PSMT's revenue rose to $386.1 million versus $315.4 million. Stochastics just turned up and it's above 50 and MACDH looks like it's getting ready to cross into positive territory which is nice entry point.

[steelman]

A few minutes ago I sold my Jan $12 calls in TQNT. I still like TQNT and it's still trending up, but Jan options expire next week so It was good to take profit now. Any news or down turn in the market, making the stock drop a bit would crush the option price.

Bottom line, bought 11/29 for .74 and sold today 1/12 for 2.00. That's a 170% gain in roughly 6 weeks.

I am not sure if I posted earlier but I bought some $14 Feb calls in TQNT last week. Current price is $13.93, trading above 30 day MA, stochastics is above 75 and MACD but pointing down. This could pull back a little and then bounce off of 30 day support and go higher. Let's keep the MOMO rollin'

[steelman]

Did a quick search and here is what popped up right now.

MMS ASYS TQNT NLC BBL
In the search the usual guys came up as well NFLX FFIV PCLN Just trying to see if we can find some bargains.

[steelman]

I picked up some March $5 calls for URZ about a week or so ago. I can't remember if I posted it here or not.

It's up 7% today to $5.41. Looks like it can still run in the bull market.

[steelman]

CCME is up right now to 22.64, 13.50% on ridiculous volume and it's only 11:48 est. Anyway, I sold my March $17.50 calls today. I had to take profit. I had set a limit this morning and it just hit. Bought at $2.25 and sold for $5.50. 6 week play, 132% profit after commissions.

Looks like it is still going to run. Chart and indicators all point up but I am happy with the trade.

[steelman]

I really like TQNT and so does $$$Mr.Market$$$.

I went ahead and grabbed some $14 March calls in TQNT. I am looking forward to February 9th for 2010 earnings!!

[riverbabe]

I really like TQNT and so does $$$Mr.Market$$$.

I went ahead and grabbed some $14 March calls in TQNT. I am looking forward to February 9th for 2010 earnings!!

So do I. Am in at 13.01, waiting for 16.45 target.

[steelman]

So do I. Am in at 13.01, waiting for 16.45 target.

That's great River. As long as the earnings report is as expected we should all be really happy.

[steelman]

Hi everyone, I hope all of you are doing great and making tons of money. I brought my family on vacation to CA, Santa Barbara and just finished 2 days at Disneyland and California Adventure. I have been out of the loop for about a week. I was able to sell my calls in AXTI the other day, Monday actually. I had bought $10 Feb calls. 133% gain in 5 weeks.

I took some of that profit and bought TQNT $14 March calls and I bought $$$Mr. Market's$$$ new pick EBIX, $25 March calls. I still have a few more days of sunshine before heading home to the cold and I heard we had a foot of snow on the ground yesterday.

[steelman]

Trying to catch up with everything at work after being gone for a week.

I sold half of my TQNT March $14 call options on Monday at $1.25 from a purchase of .60 on Jan 28th. I am on the house money now. This thing is going higher. I will ride with the other half of my investment and if it pulls back will put these recent profits back in.

Also, my Feb $14 call has come back during this run. I have a limit order in to sell at $1.05, last trade was .99. My purchase price was .67 on 1/6/11. I hope this fills soon. That's all I have done recently except for adding $$$MM's$$$ EBIX $25 March calls.

[steelman]

Alright, I have to run. Have to be at a coaches clinic in 30 mins. Just a quick update.

Yesterday I got back into CCME. After my profit on the last trade of 133% or so, it looked like a good time to get back in. I bought The March $17.50 calls.

Today I bought CVH March $31 calls. That's it for now. I hope everyone has an incredible weekend!!!!

[steelman]

Getting smacked the yesterday and today. Does anyone think we were do for a correction or is this all on the middle east? Thanks for your input.

[riverbabe]

Getting smacked the yesterday and today. Does anyone think we were do for a correction or is this all on the middle east? Thanks for your input.

Steel, this is from a paid subscriber site: www.stocktiming.com
I have deleted portions to avoid copyright infringement. This site is worth every penny it costs and more. Many here are familiar with Marty Chenard. He advises institutions and is the best technical expert I know.

Update for Friday, February 25th. ...

1. Special Chart 2, Short Term VIX: This new chart shows the short term view of the VIX during the past 5 days. Note the support at 20 on the chart. If the VIX can close below 20 today, then it has a chance to drop into the 17's which would be market positive. However, if it closes above 21, then the risk for Monday morning could be very high.

2. Cautionary Note: The current VIX spike is "event" related due to the Libyan revolt. There is talk of a possible Libyan massacre today with would be a real negative should that occur because it could end up meaning U.S. intervention. The other possible negative event that needs to be watched is the Saudi "Day of Rage" that some are trying to initiate for March 11th. If this happens or develops the appearance that it will happen, then the markets are likely to react very badly.

3. Institutional Investors were in low Distribution yesterday. Institutional Selling had another Up tick which is becoming a Danger condition that needs Institutional selling to stop rising or the market will go lower.

4. Alert ... please read: ...The SPY is now in a Caution Condition and will move to a Danger condition if its 30 Day RSI goes below 55, or the C-RSI goes below 5 at the close today.]

5. So, bottom line, risk levels are much higher and in a Dangerous condition. We need the market to hold today, the VIX to close below 20, and for the NYSE DVOL to not spike up or we could move from Danger to a Sell condition.

6. ...If we lose the last indicator that is holding out today, the Fractal model will initiate a sell. ........

[steelman]

Thanks River, that is great. Phil Town always talks about the VIX as well. It looks like it's about $19.08 right now, down 10% so far. So that sounds like a good thing for longs. I am going to have a look at that site.

[steelman]

I just bought some March $25 calls in TIBX thanks to $$$MM's$$$ new pick. I hope to ride a little MOMO from the last 2 days for 1-3 weeks on this play.

[steelman]

Just had an order fill for NOG. I bought some April $32 calls. NOG just hit a 52 week high, it fits Canslim criteria. Stochastic just turned UP and it's above 50, MACD crossed above 0 yesterday and it's trading above 30 day MA. This thing will go UP from here unless Middle east crap keeps getting worse. Happy Friday everyone and have a great weekend!!

[steelman]

I just bought some March $25 calls in TIBX thanks to $$$MM's$$$ new pick. I hope to ride a little MOMO from the last 2 days for 1-3 weeks on this play.


Just bought some TIBX May $26 calls about 5 mins ago.

[steelman]

Here are my current positions:

TQNT March $14 calls
EBIX March $25 calls
CVH March $31 calls
TIBX March $25 calls
TIBX May $26 calls
NOG April $32 calls.

[steelman]

I just added some SLV March $34 calls for a short term trade. The charts say the buy was around 2/3 or 2/4 about $27 ish. I don't like chasing but this one seems to keep moving up.

Price of oil is still rising, so Sliver should do well. I am going to try and make a quick 50% over the next week or 2. We need SLV to go up about a buck over this time frame. Wish me luck. Actually, since many of us have gold and silver stocks, best of luck and MOMO to all of us.

[steelman]

EBIX is on Fire!! It hit a 52 week high today at $29.08 and closed at $28.71 which is it's 52 week high closing. Oh yeah, Did anyone see the crapload of volume that came into this beast the last 4 days!?!?! Where is this beast headed?

[steelman]

Well, today was a little bittersweet. I sold my March $25 Calls in EBIX. They were over $4 last week and it looked like this morning they were trading in the $4.30 to $4.40 range.

I sold them at the end of today for $3.50. I just don't know what this middle east crap is going to do to our markets. If I tried to hang in and get back over the $4.00 price and it tanked I would be so mad at myself for not taking profit. Plus time decay should start kicking in this week. The good news is that I bought on 2/7/11 for $1.10. 30 day trade. I still like the stock, the chart looks good but with options, you have to ride the MOMO!

[wooish]

Congrats, that's over 200%, take it and run. Past two days I saw my 60% profit on TIBX calls vanished but I'm not regretting yet as I'm holding for 100% gain.

[steelman]

Wooish,

I think TIBX is getting ready to shoot up, according to the chart. I think it would have already done so but the oil spike has slowed our overall markets up.

I am rooting for you!!! If you get yours, I will get mine as well. I have March $25 Calls and May $26 calls. I am sure we can get our Doubles!!

[wooish]

Steel

Who's your broker for options trading? I'm looking for some cheap alternative to TD as I think they charged too much.

[steelman]

Steel

Who's your broker for options trading? I'm looking for some cheap alternative to TD as I think they charged too much.

Wooish, I have been with Scottrade for a few years now. They charge $7.00 plus $1.25 per contract.

I heard thinkorswim has good rates. I know their platform is incredible. I use their papermoney account to look at charts.

This was from their website, The lesser of:
$2.95 per contract
OR
$1.50 per contract plus $9.95 (only one $9.95 charge for unlimited spread legs)

They say this works best for traders who generally execute single orders of 1-5 contracts.

[wooish]

Have u look at http://optionshouse.com/ ? their rate is incredibly cheap. I might try them out with small account.

[steelman]

Wooish, just looked at their site. At first glance it looks pretty good AND they are offering 100 commission free trades when executed withing the first 60 days. I wouldn't hit a 100 trades but, I could go for 2 months of free trading.

[steelman]

HOLY...$%&#^*@&*#&$( ??????

Wow, I take a day to run around and get some errands done, in my car most of the day, no computer, etc and I finally walk into my office. The market closed 30 minutes ago. WHAM, right there on the TV in our main reception area..."Stocks Plunge, DOW finishes at 11,984 down 228 points"

Blame it on Libya? What happened?

[steelman]

NOG is getting ready to run again. It just went above 30 day MA. Stochastics and MACD have just come off the bottom and starting to turn up. It was almost to $34 last week on 3/7. I don't see why it can't get there again, quickly. I am still holding April $32 Calls