Hot Pick Of The Day

[New-born baby]

"Huge"-Type Investors,

I thought it might be good to start a thread highlighting some stocks whose charts, news, and fundamentals look especially inviting for that particular day.
I would like this thread to highlight stocks with real powerful potential, and not just someone's pet stock [like IIC's WITS].

Now, my problem is that I am going to have to pick up the skill of importing charts into MM's forum, something I have never done nor never even tried to do. Please excuse the incompetence.

I would also invite other posters to post their picks, charts, and reasons for purchase of a particular chart, along with buy and sell targets. It would be nice if we could post, analyze and play these picks with profit.

Please feel free to post.
And as always, the very best investing to you.

[New-born baby]

Here's my Pick: MDC

Why Buy MDC:
MDC is a home builder. The sector is hot. MDC just posted earnings that exceeded expectations. It also announced a stock buy-back program.

Chart-wise:
Candlestick charts (my favorite) shows that MDC has just posted a doji (morning star), which marks the end of a downtrend. Yesterday was a confirming strong up day. Therefore, it seems that MDC is set to start trending higher.

Buy point: market (wait 15-30 minutes after open)

I am going to try to import a chart. If that fails, SPIKE!!!!!!!!!!

[andrewte]

Wow, an A+ recommendation. My only reservation is that it's not churning enough cash from operations if you look a the past few quarters. Perhaps it's something typical to this industry..

The Nebraskan

[New-born baby]

Andy,

Where in NE are you from? I pastored in Sargent, NE. It's on the edge of the Sandhills. Loup River country.

[andrewte]

Yo Buddy, I was in Lincoln for a couple of years, now back to Asia. ;-)

The Nebraskan

[andrewte]

Now back to MDC, if the support at $68 can be held, this baby can fly.
Comments pls.

The Nebraskan

[New-born baby]

Now back to MDC, if the support at $68 can be held, this baby can fly.
Comments pls.

The Nebraskan

Yes. It can fly. Housing is hot.

[grebnet]

does anyone here have any knowledge or thoughts on MFLX?
It came up on a screen and looks interesting..

[abk33139]

Just that its been in the last few data dumps from Mr. Market. Hmmmm.

Alison

[spikefader]

Good idea for a thread New-born!

For importing charts, you may have to use some form of compression software to reduce the size. (I use Advanced JPEG Compressor which works really well because it reduces file size without losing content)
http://www.winsoftmagic.com/
free demo available.

When you've lowered the size to that allowed by Mr.M, just click "Manage Attachments" in Additional Options of a post. Then browse to find your file and upload it. Then submit your message and the chart appears before your very eyes :D Magic.

[spikefader]

On MDC, 7 days ago had an upper channel touch. Wait for C entry. It looks like the A down is done, and now working on the B up. The C down to about 67?? That's where bulls are lying in ambush :D

[New-born baby]

Spike,

Thank you so much. My first hot pick of the day wasn't hot today, but I still believe in this stock.

[andrewte]

For MFLX, are you guys concern that the RS is not as strong as it should
at this point for a breakout?

The Nebraskan

[billyjoe]

New-Born,
My hot pick of the day is GDP. Well maybe not today or even tomorrow, but in the near future this stock will payoff handsomely. Their earnings increased about 200% in the 3rd quarter. Their production of oil and gas increased 30% in the same quarter mostly due to a successful strike in East Texas. They've got the whole package , earnings , relative strength, strong group , great demand, sales, production, and friendly landlords (US Govt.). Yet, the price is under 17.00. The only reason not to buy this stock is if you believe the price of natural gas and oil will take a nosedive and stay low for the forseeable future.
billyjoe

p.s. another reason not to buy is if you have no $$

[New-born baby]

BillyJoe,

Thank you for taking time out of your busy shoveling schedule to post your hot pick. I like it!

Some reasons I think oil and gas will remain high:
1. Iran's friendly govt
2. Osama Bin Laudin
3. Al Queda
4. Saudi Arabia's failing and falling monarchy
5. China's growing thirst for oil
6. India's growing thirst for oil
7. Environmentalists' fear and concern for the Tennessee Snail Darter
8. Al Gore
9. A peaceful Iraq

Now convince me (please) that I should put my money here instead of in a Can that pays a 17% dividend.

[dmk112]

For MFLX, are you guys concern that the RS is not as strong as it should
at this point for a breakout?

The Nebraskan


I'm actually in MFLX right now... I wouldn't be buying at this point as they report on Tuesday but if they beat estimates (hopefully :) ) it will run! It is valued at around $32 so it is a bargain for all you value investors out there

[OmahaInvestor]

Too many people from Nebraska! ;) Actually from Omaha if you couldn't tell... I like the pick I think it has great potential and am going to buy tomorrow I hope. chart looks good and really it could be a mover

[spikefader]

For MFLX, are you guys concern that the RS is not as strong as it should
at this point for a breakout?

The Nebraskan
MFLX: I see a gap fill coming......

[grebnet]

I am a little anxious about upcoming earnings, but decided to put one foot in the water and buy a partial position yesterday. If Spike is right and it drops then Ill add to my position assuming no new news.

Good call on MVK spike.

[Runner]

CY is my pick of the week! Nice bounce off 9.51. Appears it might test highs of range @ 11.83

[Runner]

If it can clear 11.83 with some power it might serve as a PP??

[spikefader]

OK, SIRI entry right here for a good chance at being hot this afternoon.

[Gatorman]

My pick for Monday 1/31 is MO
Fundamentally, Altria is a sound a company that combines a variety of products. It was hurt somewhat in the last quarter due to a charge by Kraft from weak airline sales results. Still it is only 1% off it's 52 week high, 1.21% above 13 day EMA, 5.76 above 50 day EMA, has a RS rating of 91. MSN rates it a 9 on it's scale with 10 being the highest which is up from an 8 rating 3 months ago. It also has a institutional Accum/Dist rating of B+. It has a PE ratio of 13.5 which ranks high among it's group. It has pricing power in that it has raised it's price for Marlboro and several other of it's brands which should help the bottom line.
IBD rates it a B and gives it a RS rating of 81.
Technically, it is trending higher and is coming out of an oversold position. Candlesticks show what appears to be 3 outside up in a bullish trend. It also has a low Beta.
Would appreciate your comments/analysis.

[New-born baby]

Gatorman,

Thank you for the post. Nice write up--you've done some study and it looks good. I hope others who post on this thread will do a good job like you have done here.

Let's see if Spike/Runner or someone else wants to chart this thing for us. My tech skills are inferior to Spike's by many a mile. I hope by this thread to greatly increase my skills, and hopefully make us all much better traders.

[billyjoe]

New-Born,
I know it's no Can, but how about a good old American stock, MSB.
Don't be fooled by the name.
billyjoe

[New-born baby]

BillyJoe,

MSB is a good stock, and I watch it everyday. I need to buy some. Why don't you write it up?

[billyjoe]

MSB (Mesabi Trust) Main source of income is royalties from the Mesabi Iron Range in Minnesota of which it is principal land owner. Income is based on the shipments of iron ore pellets from the range as well as the price received for the pellets.
Cleveland Cliffs Inc. is the lessee/operator of the range. Over the past 2 years, an average of 4.68 million tons of ore pellets have been shipped annually. The amount of ore shipped per year is effected by demand, weather conditions, steel imports, and current price.
At 16.52 , MSB is within 2% of its 52 week high price. It paid dividends of 1.18 last year, a 7.1% return on current price.
There are 13.1 million outstanding shares with a market cap of 216 million.
In the last 7 months, the stock has appreciated approx. 175%. It trades on average 103,000 shares per day.
For the 9 months ending 10/31/04 revenues increased 78% to 6.9million. Income was up 86% to 6.5 million. Return on equity was an amazing 99%. Sales growth was 43.1% in 2004. income growth, 44.7%.
Apparently the Wall Street Journal has published 2 favorable articles on MSB in the past 2 weeks, but I haven't seen them.
IBD ranks them at #55 in the latest paper.
What attracted me to MSB was their high ROE and dividend.
If you think iron ore will continue to be in great demand, this is a great stock. If the demand drops, so will the price and dividend or distributions as they are officially called.
billyjoe

[spikefader]

Let's see if Spike/Runner or someone else wants to chart this thing for us... Here ya go.

[New-born baby]

MSB (Mesabi Trust)
If you think iron ore will continue to be in great demand, this is a great stock. If the demand drops, so will the price and dividend or distributions as they are officially called.
billyjoe

Steel will continue to be in demand as long as China and India are growing so rapidly. In my opinion, this is a good stock. And I like dividends. They console me if the share price drops.

Beautiful write up, wasn't it? Great job BillyJoe!

I like this kind of work!

Thank you Spike for MO! Always nice to hear from you!

[dmk112]

MFLX: I see a gap fill coming......


Spike how accurate is this?

[New-born baby]

Spike how accurate is this?

Dmk,

When you are speaking about "gap fills", my experience is:
If the price falls through the floor, pretty accurate.

The statistic for the last year is this:

Gaps are filled 53% of the time within 10 days. And in weaker markets (like we have now) the percentage goes up. I realize that MFLX's gap is probably close to 3 months old. But we do have a weaker market, so you should have an exit strategy in mind, or at least prepared for the possibility.

(source: Traders.com)

Very best of trades to you.

[New-born baby]

Investors,

Traders Magazine wants to give you a free 3 month trial. No credit card required.

www.traders-mag.com/content.php?preview=&tmpl=3&lang=en&section=10"

This link works--I tried it.

[New-born baby]

Take a close, close look at this!
They just announced a .42 dividend. That provides a nice cushion for this possible daytrade, or keeper.

Possible plays:
Buy at 3.90
Stop loss at 3.75 (or dont--the divy would be 10.8% at 3.90 price).
Use a trailing stop.

[IIC]

Greenhorn here,

Notice how the touch of the Bollinger bands most often signals a reversal for the next day. (This is not a recommend to short).

Runner, the Handisnap works!

Yes...that is the common theory...but what is your take on stocks that bust thru the upper BB?

[New-born baby]

Yes...that is the common theory...but what is your take on stocks that bust thru the upper BB?

If one was foolish enough to short the thing, let's hope they were smart enough to use a stop-loss!

Look at SYGR--now that one kinda 'busted through' the upper Bollinger band, wouldn't you say?

[New-born baby]

Folks,
This thang is red hot. Do you know why? Because she pays a 20% dividend! But more than that, she's going to pay you an additional share of SFL for every 4 shares of FRO you own! HOT SHOT PICK OF THE DAY!

[spikefader]

FRO: inverted SHS targets 61.40 too :D

[billyjoe]

Is this for real? What if I put in a market order pre-opening and it opens 30% higher? This happened to me once. What do you suggest, New-Born?
billyjoe

[New-born baby]

BillyJoe,

Let the market open and see what happens. I am going to try to buy at open, but NO PREMARKET ORDER. TOO RISKY for me. I'll push the button myself. Furthermore, I am going to enter a small position and if the market proves me right, add more. That's the plan. No exit plan. A 20% divy makes a great pacifier. As long as this baby can pay the divy, the value is there to hold up the price.

The ex-date is Thursday, so we'll have to move ASAP. Very best to BillyJoe!

And why not enter a small position in SYGR? That divy is going to hold the price up. What's that you say? I don't care that SYGR is a sewage company!

[spikefader]

Limit orders will avoid that billyjoe. Might not fill, but at least you're protecting against an ugly fill. A limit order will help you buy according to your plan. Don't ever use market orders to buy the open - or anytime for that matter - unless you're watching premarket (or normal hours market) action, can see level 2 volume and depth. If you can't see that then you're trading blind and leave the door open to savage market maker tricks and ugly slippage. High volume stocks you generally don't have to worry so much, although pre and aftermarket is still and will always be unpredictable, it's just the nature of the beast. Low volume stocks you really gotta be careful to avoid slippage at any time of the day.

[billyjoe]

New-Born and Spike,
Thanks . I have a funny story regarding sewage, SYGR caused me to recall it. The cousin of my wife had a job in the office of an oil company for over 20 years starting just out of high school. To the surprise of everyone they went under. She now works for a port- a -john company. It's very stable, there's no competition, nobody else wants anything to do with the business, she's set for life and very happy. Reminds me of our local septic tank pumper. Nobody gives him advice, he works at his own pace, is financially secure, and doesn't put on airs.
billyjoe

[New-born baby]

BillyJoe,

I'm in at $50.00.

Tomrich
EENC= I'm in.

[New-born baby]

BillyJoe,

I'm in at $50.00. SFL, which you get as an added bonus (1 share for every 4 FRO you buy) is currently selling for 22.25, up .52.

Tomrich
EENC= I'm in. Let's hope she bounces back up.

Good time to dump NGPS>

[billyjoe]

New-Born,
49.62 I'm figuring how many new snow shovels can be purchased with my dividends.
billyjoe

[jiesen]

Good time to dump NGPS>

I disagree. 21 is a great price to buy NGPS, not sell it, IMO.

[New-born baby]

New-Born,
49.62 I'm figuring how many new snow shovels can be purchased with my dividends.
billyjoe

I didn't tell you this but SFL ALSO pays an 8% dividend.

God bless BillyJoe!

[New-born baby]

I disagree. 21 is a great price to buy NGPS, not sell it, IMO.

Jiesen.

You may well be correct. I have no guts for this stock because it lacks a dividend. I wish you well. I was writing to Tomrich who bought in and (I think) regrets the purchase.

Hey, I was wrong on MRK, wasn't I? I think your PFE is probably a good buy soon.

God bless Jiesen!

[billyjoe]

New-Born,
Was wondering if you manage the funds of your church? If so , they're a lucky bunch. Lots of congregations have money problems and many times the pastor is partly to blame. Our community church is prospering, 157 years in the same building and numbers growing. Just read an account from a member on the sadness at the announcement of Pres.Lincoln's death from the very same pulpit. I'm a history buff and find these old writings and photos very interesting.
billyjoe

[New-born baby]

BillyJoe,

We are an Independent Baptist Church, which means that whatever comes in the offerings are spent according to the congregation's vote. As a pastor, I agree with your statement that many pastors spend their church into financial difficulties. I am very conservative in spending, and our church does not have financial difficulties because I refuse to borrow money. If God wants us to have it, He'll give us the money up front without borrowing.

What city/state do you live in? You could send me a private email if that question is too personal, or ignore this question altogether.

I love history!

[tokyojoeskid]

NBB a couple of questions about FRO,
Is this a special divy? Is this a short-term play for you? Do you think the stock price will drop 20% on thurs?
Thanks
TJK

[tokyojoeskid]

So on top of the 20% div you also get shares of SFL which pay a 8% div. seems like a win win situation, is there is something that I am missing?

[tokyojoeskid]

With 3 billion in debt seems like fro should be paying that off not a fat div especially with int rates on the rise.

[tokyojoeskid]

by the way i am an idiot about the 20% drop on thurs what i mean was a 2.50 drop reflecting div payment sorry about the flurry of posts, I need to learn how to condense things.

[New-born baby]

NBB a couple of questions about FRO,
Is this a special divy? Is this a short-term play for you? Do you think the stock price will drop 20% on thurs?
Thanks
TJK

The SFL shares are a one time shot. The $10 divy pays 2.50 each quarter. I am a buy and hold on this baby. Yes, the price may drop, but then, how far can it drop if she can pay the divy? If it can drop and still pay the divy, I am a buyer, because I don't know where I can make 20%+ on my money in the USA at this time.

[Gatorman]

MSB (Mesabi Trust) Main source of income is royalties from the Mesabi Iron Range in Minnesota of which it is principal land owner. Income is based on the shipments of iron ore pellets from the range as well as the price received for the pellets.
Cleveland Cliffs Inc. is the lessee/operator of the range. Over the past 2 years, an average of 4.68 million tons of ore pellets have been shipped annually. The amount of ore shipped per year is effected by demand, weather conditions, steel imports, and current price.
At 16.52 , MSB is within 2% of its 52 week high price. It paid dividends of 1.18 last year, a 7.1% return on current price.
There are 13.1 million outstanding shares with a market cap of 216 million.
In the last 7 months, the stock has appreciated approx. 175%. It trades on average 103,000 shares per day.
For the 9 months ending 10/31/04 revenues increased 78% to 6.9million. Income was up 86% to 6.5 million. Return on equity was an amazing 99%. Sales growth was 43.1% in 2004. income growth, 44.7%.
Apparently the Wall Street Journal has published 2 favorable articles on MSB in the past 2 weeks, but I haven't seen them.
IBD ranks them at #55 in the latest paper.
What attracted me to MSB was their high ROE and dividend.
If you think iron ore will continue to be in great demand, this is a great stock. If the demand drops, so will the price and dividend or distributions as they are officially called.
billyjoe
billyjoe:
Excellent pick on MSB. I thought it had come too far, too fast but apparently not. It's up 1.61 today as I type.
Got any more of these gems hidden away that you would like to share with us?

[billyjoe]

Gatorman,
I hope you bought it, unfortunately I didn't. Have to rebalance the portfolio more like Mr.Market. Then there would usually be at least one stock to dump to replace with a good one like MSB. It might take a couple years to set it up right. I don't like buying under 100 shares of anything, unless it's a special situation like CME.
billyjoe


Gator, I accidentally came across it while doing research on GDP. I think it is rated highly (top 5 ) in it's group on IBD

[billyjoe]

New-Born,
I assume you're always on the lookout for high dividends and bonuses like FRO. Did you find it at the same site with the Cans? Thanks.
billyjoe

[Gatorman]

Gatorman,
I hope you bought it, unfortunately I didn't. Have to rebalance the portfolio more like Mr.Market. Then there would usually be at least one stock to dump to replace with a good one like MSB. It might take a couple years to set it up right. I don't like buying under 100 shares of anything, unless it's a special situation like CME.
billyjoe
billyjoe:
Unfortunately, I went with MO instead. Thought MSB was too extended. Oh well, guess you can't buy them all.

[dmk112]

Spike,

MFLX went up 6% today... your thoughts?

[New-born baby]

Gatorman,

I would like to ask you to throw up on this thread your hot pick of the day. Would you please help us out?

Thanks!

[spikefader]

Spike,

MFLX went up 6% today... your thoughts?It's dumb :D (Only cuz I took it short in the Port comp)
Significant channel resistance around 16.80, which coincides with price resistance, so it's still in good shorting range. But channel turndown from 14.03 recovered today on good volume, and channel turn up now from 16.78, so maybe it'll run bullish. It's facing volume by price resistance overhead. I'm neutral on it now, and if I could, I'd withdraw it from the comp, but I can't so I'll just sit back and watch in disgust :D

[New-born baby]

Hot Pick of the Day:CD

If the market isn't too bad: CD could be a good one to watch.

1. Fresh crossover of MACD yesterday.
2. Closed right at high of the day: bullish.
3. Triple top: bullish, esp. if she can burst through the neckline.
4. If market is poor, may make a good daytrade SHORT.

If someone doesn't like my pick, and/or would like to make comments/disagreements, please feel free to do so. We all want to learn and make money. God bless!

[New-born baby]

For those of you looking for a possible daytrade for a couple hundred bucks, then Webs you might look at GIGA. She could bounce back up again. One thing for sure: she's volatile.

[New-born baby]

I don't like the symbol: false Greek god. But it stands of Olympic Steel Mills, and I think we've got a chance for a bounce upwards. Steel stocks are coming back in favor. I like the pendulum to swing upwards after weakness, and here's my take on it. What's yours?

[New-born baby]

CTMI,

Yes, IIC has it on his watch list. And they were talking about it on the radio station out of Chicago this morning. I think this thing will rocket on news. We shall see.

[spikefader]

Spike how accurate is this?As accurate as any other forecast I make :D No guarantees or promises and do you're own DD. I'm often wrong and price action will ignore what a chart speaks to me, which is why I like tight stops :D It's just my opinion, and can change like the wind depending on channel action.

[billyjoe]

New-Born,
FRO and SFL are going crazy! One of the boards I visited mentioned that the day the SFL shares are distributed to FRO shareholders, FRO will open minus the price of 1/4 SFL's share price. If that is correct we don't want SFL to be going up now. Can you explain it better? Thanks.
billyjoe

[New-born baby]

BillyJoe,

I look for FRO to drop $10 ex-date. Its still a good stock. P/E is like 7.6.
I don't know anything else about it. I am sorry I am not more helpful, but that's all I know. SFL is going to pay an 8% divy, too, so if you hold FRO you'll have to be looking longer term and a steady income.

By the way, 20% divy AND SFL AND 8% divy--"it ain't too bad, is it?"

[New-born baby]

New-Born,
FRO and SFL are going crazy! One of the boards I visited mentioned that the day the SFL shares are distributed to FRO shareholders, FRO will open minus the price of 1/4 SFL's share price. If that is correct we don't want SFL to be going up now. Can you explain it better? Thanks.
billyjoe

BillyJoe,

If it does drop the $10, with a $10 divy paying out 25%, how long do you think it will stay down there?

[billyjoe]

New Born,
I thought the div. was 2.50, per share each quarter. Any way more interesting news, SFL intends to increase their div. shortly. Even if these stocks don't move in price I'm going to see what the total return is exactly one year from my purchase date. It might not be to hard to hold them that long.
billyjoe

[New-born baby]

BillyJoe,

Yes, FRO's dividend is $2.50 per share per quarter, or $10 per year. I always figure per year, and then divide that by the share price. $10 divided by $40 (the price it may drop to) is a 25% dividend per year. Not too bad . . . .

SFL's current divy is 1.80 per share.
FRO's current divy is $10.00 per share.
That's 11.80 per share dividend for a 51.90 stock. Nice return of 22.73%.

[yaoyao]

Is it still a good time to get in FRO, or wait till the share price dropped after Thursday? Thanks.

[New-born baby]

Hello,

I would say, if you want, put 5% of your cash into FRO. I don't think it is overpriced,and here's why:

For $51.90 (1 share of FRO) you get:

1. One share of FRO paying a $10 per year divy.
2. 1/4 share of SFL paying an 8% divy of 1.80, but promised to increase after the split.

After tomorrow, the share price will drop as usual for a dividend paying stock, perhaps $10 drop, I don't know.

But consider this: let's say FRO drops to $40. Would you buy a $40 stock paying a $10 dividend? That's 25% a year.

For whatever my opinion is worth, I think you can still buy FRO and make a profit. If the price dropped to $20 paying a $10 divy, would you buy FRO? I'd buy as much as I could! The dividend insures value. It makes people hold a stock, and it encourages people to buy on dips.

That's just my opinion. Just plan on holding FRO for 3-12months. Or maybe invest here and say "I am never going to sell as long as they can pay that dividend."

Very best to you.

[New-born baby]

YaoYao,

Check this out.

The growth in shipping has to do with China and India's demand for raw materials and oil. Do you think India/China might slow their need for these things, or do you think that they have a rapidly growing economy and will continue this need in the next couple years or decades?

(I think it is going to continue).

[yaoyao]

Thank you very much, New Born.

I'll definately put some money in FRO. I just try to find a better time to do it. You recommend to buy CAN on or after ex date. I'm wondering if I should do the same here.

Thanks.

[New-born baby]

Thank you very much, New Born.

I'll definately put some money in FRO. I just try to find a better time to do it. You recommend to buy CAN on or after ex date. I'm wondering if I should do the same here.

Thanks.

Yao,

It is your decision. The only difference is that with a Can, the divy stays the same. Here, if you do not buy today, you lose the free shares of SFL, which is also a shipping line.

There is one possible play you might consider. If you decide you might buy but you want a lower price, wait until the last 30 minutes of the day. Weak holders often dump (just before the ex-date) then, and perhaps you'll get a better price. That's all I can say.

Best to you!

[yaoyao]

What a run for that industry group! I'm also monitoring TOPT and OMM. They both have very similar chart pattern as FRO.

[yaoyao]

The sell program didn't kick in for last half an hour, I decided to pass. There are several small gaps that scare me off. I'll get in later. We still have $2.50 quarterly for FRO right?

[New-born baby]

The sell program didn't kick in for last half an hour, I decided to pass. There are several small gaps that scare me off. I'll get in later. We still have $2.50 quarterly for FRO right?

Yes, the dividend still is in effect.

I don't think the gaps should bother you because you know it is going to drop the $2.50 dividend and $6 more for the quarter share of SFL. But that is fine that you didn't buy. I am just giving you my (worthless) opinion.

You might watch her closely the next few days for a good bargain price. That $10 divy is going to attract buyers.

[dmk112]

MFLX posted 16% gains on earnings :)

[New-born baby]

If you're looking for a daytrade, try FRO. $10 divy, and stock is $48. If price falls, you have insurance.

[billyjoe]

Monday morning New-Born says "Folks, check out FRO" Well I did, liked what I saw and purchased 100 shares. It went up about 4.33 by yesterday's close. It opened lower today to allow for the 1 -4 SFL spinoff. Subtracting the lower opening from my gain, the 25 shares of SFL (worth 569.50 at opening )cost me 213.00 , for a quick gain of 356.50 or 7.33% on my investment in 3 days. When is the last time a pastor gave you $ ? Thank you New-Born, "The Good Steward", paving the way with an investment ministry.


billyjoe




FRO is up so return is 10.43% and 521.50

[yaoyao]

Agree with Billjoe completely. Great work, New Born.

Unfortunately, I didn't read this thread until yesterday. I'm always very hesitated when buying stocks, especially after this one ran up for 7 days straight. I'm still watching.

[New-born baby]

BillyJoe and YY,

I am thankful things have worked out so far, and hope for better things. As I write this, BIllyJoe is down only .59 from his purchase price, and he has a big divy check and stocks coming! I bought at 50.00 and 51.90. I let someone talk me out of buying an even larger chunk. I feel bad that I (probably) talked Tomrich out of holding NGPS. And Tomrich is a great guy, too. I feel real bad about that.

I still think FRO is a big BUY. Why? $10 divy on a $49 stock!

I also have another recommend coming tomorrow. More DD tonight to insure a good pick (well, I hope she'll be a good pick).

I hope that this thread and the Can thread, and any advice I give, profits you all. God bless,

[yaoyao]

I finally got in FRO, at a higher price though (49.10, should've listened to you yesterday). I dont want to let another good stock pass by. I also picked some SNRR today. It finally breaks $14 with good volme. I'm off tomorrow, think about picking some Cans up.

[New-born baby]

Investors,

FRO looks real good to me. I picked up an additional 500 shares to keep today. But then I found what I think may be a good pick: GMR

GMR has said it will pay a dividend for the first time in 2005: an $5.76 dividend. Share prices should rise as the divy details have not been finalized, but when they are, I believe GMR shoots up $5.

Read all about it:

[dmk112]

It's dumb :D (Only cuz I took it short in the Port comp)
Significant channel resistance around 16.80, which coincides with price resistance, so it's still in good shorting range. But channel turndown from 14.03 recovered today on good volume, and channel turn up now from 16.78, so maybe it'll run bullish. It's facing volume by price resistance overhead. I'm neutral on it now, and if I could, I'd withdraw it from the comp, but I can't so I'll just sit back and watch in disgust :D


Spike, looks like MFLX made another gap up, maybe some stocks just don't fill their gaps ;-)

What's your thougts on it's latest action?

[spikefader]

...maybe some stocks just don't fill their gaps ;-) ...
Maybe I just woke up grumpy today cuz I've got the flu, but a one-liner with a wink prods me. Apologies if my post is a defensive over-reaction to an otherwise harmless bit of fun on your part. Maybe I just need a hug over the whole MFLX thing :D

Firstly, I don't recall ever asserting that every gap fills. I'll try and check what I've said about them with the good old search feature, but for now maybe I did say that gaps will generally tend to fill. If that statement is true, then when will they fill? Simple answer is God only knows. Some may take 1 day, some may take years. You may well be 1000% right that some never do. If someone ever finds out the exact truth in numbers, please let me know will ya! :)

Secondly, I'm no expert on gap theory. But I've learned the hard way that gaps should never be underestimated. Yes, I've lost money underestimating a gap. God willing I'll never make the same mistake again :D

For MFLX, I liked it on the short side due to what the chart looked like, so I took it as a pick in the competition. I assumed there were no stops allowed in it and didn't even ask about them and chose to have some fun with the guys by participating anyway.

The reality is that at close of 31 Jan with the channel turn up I'd be out of the trade. And remember, I did say to you,

"I'm often wrong and price action will ignore what a chart speaks to me, which is why I like tight stops :D It's just my opinion, and can change like the wind depending on channel action.I'm goin' back to bed now...........

[Runner]

Very well said Spike, One thing I look @ and for example I watching SWIR right now. I’m waiting too see if the 50% fib will act as resistance in this example. I’m thinking it might hit the 50% line then pull back down. Don’t know because I have found these gap things too be weird animals!!

http://www.mrmarketishuge.com/forum/showpost.php?p=13193&postcount=252

[noshadyldy]

I think I read somewhere that 95% of gaps fill. Even so, that's 5% that won't =1 in 20. Not something to be counted on. Case in point, I waited for ELN to go back and fill it's gap and it never did. Lost out cuz it was the "1". Jus goes to show you, "you neverrrr knoow."

Hope you feel better soon, Spike. We need you!

[New-born baby]

I think I read somewhere that 95% of gaps fill. Even so, that's 5% that won't =1 in 20. Not something to be counted on.

Good point, NOshadylady. Not every gaps fills, but most do. So it is kind of like being close to a rattlesnake. It most likely will bite, but sometimes they slither away. And since no trading system is 100% accurate, a 95% rating is pretty good, and worth considering.

Last week was a VERY good week for the market. That may have had an effect on keeping MFLX from filling the gap. Compare Runners' chart on NGPS. January 24 it gapped up, and January 26 it filled the gap. Weak market helped hold her down.

Remember Trader's mag say 54% of gaps fill in 10 days or less. Take that into consideration, and perhaps place stops to prevent the loss of profit.

I've had a gapper fill on me. That's why I said, "My experience is, if the price falls through the floor, pretty accurate."

Best to you always!

[spikefader]

Thanks NoShady!

Yes, one never knows. This is why I love stops (disregarding non-stop systems I’m experimenting with). If I’m wrong about a trade, I get out and it doesn’t hurt too bad.

As Newborn says, 95% is something to be called an edge. The problem is WHEN is it an edge? If it’s one of the 95%, WHEN will it fill? What kind of price movement will occur before it fills? If I trade a gappy chart on the long side, how long will I be on the wrong side? If I trade a gappy chart on the short side, will the trade bite me on the rear side and lead to, God forbid, a margin call? See, no matter what kind of edge exists in the world of trading, it’s still all about timing. All one can do is attempt to time an entry with the gap in mind, allow price the opportunity to fill a gap, and keep downside within limits. It’s just the same as giving price the opportunity of bouncing at gap support. No guarantee it will hold, but trading long at gap support is attempting to put the ‘edge’ on your side. Same stuff coming to the front of my mind: support is support until it isn’t; resistance is resistance until it isn’t; a gap is a gap until it isn’t. The how and the when and the why may be far beyond my own full and true understanding, but that’s not that important anyway. Must I know why the sun comes up in the morning to benefit from it’s light? Nope, it’s going to occur completely independently of my human understanding. Yet I’ve got to be smart enough to know that the sun’s light can be harmful and there are times when one must protect myself against it otherwise risk getting badly sunburned and develop cancer cells that may eventually kill me. Same with the market, I don’t have to understand why price moves in the direction it does. The why doesn’t matter. What matters is knowing when it can be harmful to me and when I must protect myself against it otherwise risk getting burnt and killed. Unfortunately the market does not share the consistent and reliable timing that the sun does :D. For this reason trading is all about knowing the risk, preparing for it, doing all you can to protect against it, and employing a strategy that attempts to take advantage of any number of ‘edges’ we can identify about price patterns, support, resistance, channels, or even things as laughable as stock price relative to moon behavior. Fact is, if it’s a highly reliable statistically significant edge then it’s worth considering. Are gaps such a thing? Absolutely. But know when they can burn and plan accordingly. Know when they can be beneficial and plan accordingly. Give a gap a chance, and if it blows it, get out. Wait for another ‘edgy’ opportunity, give the gap another chance, and if it blows it again, get out. Eventually, this type of behavior will result in a great entry, a happy trade journey, and a wonderful profit. But like all other trades, it’s all about timing.

:D

[dmk112]

Thanks NoShady!

Yes, one never knows. This is why I love stops (disregarding non-stop systems I’m experimenting with). If I’m wrong about a trade, I get out and it doesn’t hurt too bad.

As Newborn says, 95% is something to be called an edge. The problem is WHEN is it an edge? If it’s one of the 95%, WHEN will it fill? What kind of price movement will occur before it fills? If I trade a gappy chart on the long side, how long will I be on the wrong side? If I trade a gappy chart on the short side, will the trade bite me on the rear side and lead to, God forbid, a margin call? See, no matter what kind of edge exists in the world of trading, it’s still all about timing. All one can do is attempt to time an entry with the gap in mind, allow price the opportunity to fill a gap, and keep downside within limits. It’s just the same as giving price the opportunity of bouncing at gap support. No guarantee it will hold, but trading long at gap support is attempting to put the ‘edge’ on your side. Same stuff coming to the front of my mind: support is support until it isn’t; resistance is resistance until it isn’t; a gap is a gap until it isn’t. The how and the when and the why may be far beyond my own full and true understanding, but that’s not that important anyway. Must I know why the sun comes up in the morning to benefit from it’s light? Nope, it’s going to occur completely independently of my human understanding. Yet I’ve got to be smart enough to know that the sun’s light can be harmful and there are times when one must protect myself against it otherwise risk getting badly sunburned and develop cancer cells that may eventually kill me. Same with the market, I don’t have to understand why price moves in the direction it does. The why doesn’t matter. What matters is knowing when it can be harmful to me and when I must protect myself against it otherwise risk getting burnt and killed. Unfortunately the market does not share the consistent and reliable timing that the sun does :D. For this reason trading is all about knowing the risk, preparing for it, doing all you can to protect against it, and employing a strategy that attempts to take advantage of any number of ‘edges’ we can identify about price patterns, support, resistance, channels, or even things as laughable as stock price relative to moon behavior. Fact is, if it’s a highly reliable statistically significant edge then it’s worth considering. Are gaps such a thing? Absolutely. But know when they can burn and plan accordingly. Know when they can be beneficial and plan accordingly. Give a gap a chance, and if it blows it, get out. Wait for another ‘edgy’ opportunity, give the gap another chance, and if it blows it again, get out. Eventually, this type of behavior will result in a great entry, a happy trade journey, and a wonderful profit. But like all other trades, it’s all about timing.

:D


Nice write up spike... did i push your buttons or something? hehe

[spikefader]

Nice write up spike... did i push your buttons or something? hehe
lol ya, maybe. thanx fer that though!

[RL]

ccj- Bcause It Is the largest source of high quality uranium In the world.

bone- because It looks good to me.

Sure hope that was not ment to be sarcastic when you said you were like a hillbilly about stocks New Born regarding my question on all the Intrest In ngps.
HOPE WE ALL HAVE A GREAT WEEK

[New-born baby]

RL,

I thank you for your posting your picks. After the great week you had on BillyJoe's portfolio thread, I thought you'd be just the man to post here.

As far as the picture of Andy Griffith and Barney and Gomer, it was in no way meant to be offensive towards you. I just came into this new image importing tool, and I am having too much fun importing pictures. I intended to say that I myself am inexperienced in the market ("hillbilly") and could use an education from you (who did rather well last week in your stock picks). I don't consider Barney, Gomer and Andy to be very savvy in the financial markets. I was trying to say, "RL, you had a great week in BillyJoe's portfolio. Why don't you teach a hillbilly like myself, someone who is not very savvy in the financial market, how to better invest our money. What pick is better than NGPS?"

Please do not take offense at my comments. I apologize if my comments were offensive to you. My family is from Kentucky (both sides), and we call ourselves 'hillbillies.'

Thank you again, and best investing to you, and God bless,

[Runner]

RL,

I thank you for your posting your picks. After the great week you had on BillyJoe's portfolio thread, I thought you'd be just the man to post here.

As far as the picture of Andy Griffith and Barney and Gomer, it was in no way meant to be offensive towards you. I just came into this new image importing tool, and I am having too much fun importing pictures. I intended to say that I myself am inexperienced in the market ("hillbilly") and could use an education from you (who did rather well last week in your stock picks).
Please do not take offense at my comments. I apologize if my comments were offensive to you. My family is from Kentucky (both sides), and we call ourselves 'hillbillies.'

Thank you again, and best investing to you, and God bless,



Hey watch out, I'm from the back woods of Alabama!!!

[New-born baby]

Hey watch out, I'm from the back woods of Alabama!!!

Alabama is a great place. I like Gulf Port,Buloxi, Mobile, Montgomery and Birmingham. I took my parents shark fishing off the coast of Buloxi after I graduated from college. I'd love to do it again.

[Runner]

We got lots of red clay and pine tress. Most think of us as Red necks with pick’um up trucks… I’s from a small town love the outdoors and fish’in. My folks moved to Tampa and my brother wants to take me shark fishin, but just have not been able to get down there. When I go fishin I’m know as a perch jerker. This is one who fishes from the banks!! lolo

[IIC]

Alabama is a great place. I like Gulf Port,Buloxi, Mobile, Montgomery and Birmingham. I took my parents shark fishing off the coast of Buloxi after I graduated from college. I'd love to do it again.

I musta missed it all...but my Grandfather was from KY and my Grandmother grew up there...My Dad is a Kentucky Colonel(but he was born in West Hollywood CA...I was born in SF, CA)...and some long time distant relative(my Dad keeps track of 'em all) was a waitress for Col. Sanders...gave him a loan so he could expand.

There is a family reunion back in KY every year...but I never went...but my parents have gone a few times.

My Dad likes to meet people he never knew...Me, I'll pass.

My Grandfather always said..."Just because they are relatives doesn't mean you have to like 'em"...But the main reason I never went is because I don't know these people...I can stay home and meet new people.

[New-born baby]

I musta missed it all...but my Grandfather was from KY and my Grandmother grew up there...My Dad is a Kentucky Colonel(but he was born in West Hollywood CA...I was born in SF, CA)...and some long time distant relative(my Dad keeps track of 'em all) was a waitress for Col. Sanders...gave him a loan so he could expand.

There is a family reunion back in KY every year...but I never went...but my parents have gone a few times.

My Dad likes to meet people he never knew...Me, I'll pass.

My Grandfather always said..."Just because they are relatives doesn't mean you have to like 'em"...But the main reason I never went is because I don't know these people...I can stay home and meet new people.

IIC,

What part of KY? My clan is from Glasgow and Horse Cave and Bear Wallow and Summer Shade. All these are near Mammouth Cave, KY. I'd be interested to know where your family has their reunions.

[Runner]

Oh, I should also mention I was born in Chicago So South side, ran away and joined the U.S. Army. My recruiter guy said if I learn how to jump out of airplanes I’d get an extra 110.00 per month. I said what, where do I sign… Little did I know what I just got myself into? Learned a lot from the military. Most of my time was with the 82nd Airborne Division. I was chosen to be on a Recon team. This was fun during peacetime, but another story in wartime….

Ok now you know a little about runner, what about you?

[IIC]

IIC,

What part of KY? My clan is from Glasgow and Horse Cave and Bear Wallow and Summer Shade. All these are near Mammouth Cave, KY. I'd be interested to know where your family has their reunions.

My Grandfather was born in Laurel County KY...in 1891. The reunions are in different places...One year they were in AL. I guess they are all over the South???

My Grandmother was born in Cincy...but moved to Louisville I believe. She was in the first class that accepted women at William and Mary in VA. But she did not graduate. She came out to CA in the early '20's with my Great Grandparents...who I never knew...My Grandfather who was 11 years older and divorced(Oh My!!!) followed her out here...The rest is history I guess.

[IIC]

Oh, I should also mention I was born in Chicago So South side, ran away and joined the U.S. Army. My recruiter guy said if I learn how to jump out of airplanes I’d get an extra 110.00 per month. I said what, where do I sign… Little did I know what I just got myself into? Learned a lot from the military. Most of my time was with the 82nd Airborne Division. I was chosen to be on a Recon team. This was fun during peacetime, but another story in wartime….

Ok now you know a little about runner, what about you?

Well, there was a star in sky...somewhere to the North on April 9, 1953. I was born at Children's Hospital in San Francisco...which makes sense since I was just a kid at that time...LOL

Moved to Seattle, WA and then to Los Angeles...near what was to become Marina del Rey when I was 2. Grew up in Culver City, CA near West LA...w/ a stint in Houston for 9 mos in 1961...back to Culver City.

Went to college at U. of Nebraska and U. of Hawaii. Lived in various LA suburbs since.

Got married at 26 in 2/80. Divorced in 1984...remarried in 6/86 and still together. Have one son from the first...that's it.

You'll have to buy the autobiography for the details ;)

[billyjoe]

New-Born,
Spent two great vacations camping out with the kids when they were little at Mammoth Cave. Hope I'm not too decrepit to tour the caves again some day. The stories about extracting salt peter from the caves to make gun powder in the early 1800's was really interesting. Everything they left behind is still in there like it was yesterday. When it's nearing 100 degrees, the 55 degree caves are nice. Also, for those not familiar with the area, you can see the corvette museum and tour the corvette assembly plant in Bowling Green, Kentucky.
billyjoe

[New-born baby]

ALL FRO INVESTORS: PLEASE LISTEN CLOSELY

I just want to remind you that the distribution of SFL shares will be 2/18,

BUT the cash distribution of 2.50 per share comes ONLY if you hold through 2/20. The cash distribution comes later, about 3/1.

BillyJoe:

Please note that FRO is going to give out another bunch of SFL shares NEXT dividend date, May 29?. If you hold they will give you another 25 shares for the 100 shares you hold of FRO now.

How's that for DOUBLE nice?

[billyjoe]

New-Born,
Pinch me I must be dreaming. Can I buy more FRO and get more SFL before May? When will they run out of shares and why don't they keep some? It should be easy to hold these shares. Why would anyone sell?
billyjoe

[New-born baby]

BillyJoe,

You can buy more. I bought 500 more after the ex-date for SFL, and am holding for SFL and 2.50 cash divy.

Note that in May this is the end of SFL share giveaway. With the February 3 gifting of SFL shares, they have given away 75% of the company. With May gifting of shares, 100% of SFL will have been broken off from FRO.

Don't forget there's another 2.50 divy coming in May, too.

[billyjoe]

New-Born,
Not to start any rumors,but on an MSN board one poster noted that in Dec.2004, FRO's Tor Troim at a conference with GMR and OMM representatives at his side announced intentions to acquire GMR and OMM within 12 months and have SFL manage the finances of the resulting company.
billyjoe

[New-born baby]

BillyJoe,

I was inaccurate in saying that FRO will giveaway SFL shares May 29. The date has not yet been set, but the speculation is May 29th is the date. I apologize for the inaccuracy.

Hey, it was a deal, wasn't it? I like dividends and free shares.

[Websman]

Newborn...Most of my relatives are from Breathitt County Ky. I don't go there often, but I guess I can't deny that I am part hillbilly. Oh yea, and IIC...I was born in Oxnard. I would give my life history, but I grew up as a military brat and I lived in too many places to list here. I call Florida home.

Newborn, is it too late to buy FRO for the Dividend???

[New-born baby]

Newborn...Most of my relatives are from Breathitt County Ky. I don't go there often, but I guess I can't deny that I am part hillbilly.

Newborn, is it too late to buy FRO for the Dividend???

Webs,

Part Vulcan, part hillbilly. Is that even legal?

FRO: ex-date for cash money is 2/23/2005. You are sitting in the rocking chair for cash, Webs. The way I see things is that the price ought to move upwards towards $55 by then. I would think it would be a good time to jump on board, but of course, what do I know? If nothing else, you ought to see the price increase between now and ex-date, and you could, shall we say, "jump ship" just before the divy or hold for long term gains. I would like to get that last chunk of SFL for free myself. But my opinion is that it should be a good play.

[RL]

I'm sorry I entered BONE as a STOCK PICK SHOULD HAVE BEEN BCII.HAVE A GOOD DAY

[jiesen]

RL,

Why do you like BCII? I'm curious because I've been watching this one for a while, too. Maybe I should have taken a position, since it's done pretty well, but I just didn't learn enough about it to feel comfortable with that. Revenues look pretty good, profits are just now rolling in... momentum is building, what else do you see?

[New-born baby]

RL,

Why do you like BCII? I'm curious because I've been watching this one for a while, too. Maybe I should have taken a position, since it's done pretty well, but I just didn't learn enough about it to feel comfortable with that. Revenues look pretty good, profits are just now rolling in... momentum is building, what else do you see?

RL,

Write this thing up for us, will ya? We might jump in there with you.

[RL]

NEW BORN I'M TRULEY ONLY A DART THOWER AND WOULD BE UNABLE TO WRITE ANY STOCK UP WELL ENOUGH FOR YOU TO BE CONVINCED TO BUY.


This stock Is a small pharmaceutical company located In Wisconsin that received fda approval for an Innovative vitamin D hormone therapy for treatment of secondairy hyperthroidism In patients with severe to moderate kidney disease. And It's been a huge success achieving four quarters of double digt sales growth and record revenues of 43.6 million. They are now developing therapies to treat a variety of cancers and psoriasis I feel the stock Is getting ready for an upmove .Remember I'm throwing darts so If you jump on board and things don't go right don't blame me.

[New-born baby]

RL,

You're a pretty good dart thrower.

Did you see that big move today by NGPS? Picked up .03 last time I looked. I told you it was a strong buy :)

[jiesen]

NEW BORN I'M TRULEY ONLY A DART THOWER AND WOULD BE UNABLE TO WRITE ANY STOCK UP WELL ENOUGH FOR YOU TO BE CONVINCED TO BUY.


This stock Is a small pharmaceutical company located In Wisconsin that received fda approval for an Innovative vitamin D hormone therapy for treatment of secondairy hyperthroidism In patients with severe to moderate kidney disease. And It's been a huge success achieving four quarters of double digt sales growth and record revenues of 43.6 million. They are now developing therapies to treat a variety of cancers and psoriasis I feel the stock Is getting ready for an upmove .Remember I'm throwing darts so If you jump on board and things don't go right don't blame me.

thanks for the info RL... it's pretty much the same as what I know about BCII, and don't worry, I'm not buying it based only on that info. I know someone working there, and I'd probably talk to him first before putting any money into this. you need to be extra careful when putting money into small pharma companies. they can drop like a rock, in a heartbeat. though the earnings BCII has, this doesn't seem to be as likely a scenario... unless the main product sales were threatened somehow. this is the key point I'd want to know before investing- whether there are any issues (known or "hidden") that could threaten Hectorol sales.

[lak]

Kinda like AXYX today? Wow right? I know some people that were invested pretty significantly in that speculation play........... risky business man.

[jiesen]

Kinda like AXYX today? Wow right? I know some people that were invested pretty significantly in that speculation play........... risky business man.

yes... exactly.

[Websman]

BTFG BancTrust Financial Group. This is a company, based in Alabama that operates banks in Alabama and North Florida. I'll be buying some soon.

[noshadyldy]

BTFG BancTrust Financial Group. This is a company, based in Alabama that operates banks in Alabama and North Florida. I'll be buying some soon.

Hey Webs, Nice insider buying on that at the end of january. Thanks. I like this thread!

[Websman]

Hey Webs, Nice insider buying on that at the end of january. Thanks. I like this thread!

Yep...and they bought for a good reason. Watch for some good news sometime this year.

[RL]

Take a look at topt chart looks good hit It with my dart while practicing.spike If you read this what do you think?

[Hany]

Hello Everyone,

I've been watching Mr. Market and I thought that this guy was a phoney in 2003 but I've learned to admire this MAN so I decided to join this forum, instead of being a spectator.

Stock of the DAY for me is FRD. Last Friday, Friedman Industries Incorporated Announced the Restatement of Its Financial Statements for the Quarter Ended Sept. 30, 2004. I expect this little guy to fly on Monday as the market decides its appropriate price. The new EPS is 4 cents higher. Its P/E is cheap relative to its industry and its business is solid with accelerating earnings relative to previous years.

What do y'all think?

Hany

[billyjoe]

Hany,
Welcome. You're right , MR.Market is the real thing. In an field dominated by scoundrels, a bright light!
I agree that FRD should advance Monday. I'll bet 99% of all earnings restatements are bad news, but not in this case. However, earnings for the qtr. ending Dec. 31st are also due any day and if they are disappointing, watch out. It's a gamble many wouldn't take. Good luck if you decide to purchase or already hold FRD.
billyjoe

[spikefader]

Take a look at topt chart looks good hit It with my dart while practicing.spike If you read this what do you think?neutral on this one.

[noshadyldy]

Hey RL, you might like the chart on HOFT. It's another climber that's dipped and ready (hopefully) to resume the ascent. I'll be watching it.

[RL]

Thanks much I'll put It up and see If Ican hit It wirh the old dart

[New-born baby]

FRO investors,

According to an analyst friend on mine:

He insists FRO's projected $2.50 divy of 2/20/2005 is too low. He expects the divy to be much higher. I will post the amount as soon as FRO makes the announcement.

[Hany]

Thanks BillyJoe for your kind welcome.

FRD reported $0.33 per share for FY 2003. Do you know how much it reported in the first two quarters of the FY 2004? It reported $0.46 (soon to become $0.50 because of earnings restatement). It is expected to have an EPS of $0.94 for FY 2004. That is explosive growth!

Check it out FRD (http://moneycentral.msn.com/investor/invsub/results/hilite.asp?Symbol=FRD)

It may not be a very long-term play but I think that FRD is going to be good for this year at least. VectorVest has the following to say about it: FRD has a current Value of $23.30 per share. Therefore, it is undervalued compared to its Price of $12.29 per share. The P/E is cheap and the business/industry is hot.

Maybe I'm just wrong, but what do you think Mr. Market?

Hany

[Hany]

FRD spiked to $14 today! IT is the stock of the DAY, can you beat that?

[Runner]

I missed it. Thought I'd wait on FRD until after earnings. Oh well can't win then all!! Great pick up off the high 11's

[billyjoe]

GM , not the stock of the day. (Reuters) Jan. 14th GM today buys it's way out of deal with Fiat . Total cost to get in and back out,4.4 billion. Quite a payday for Fiat. What was GM thinking? And these execs. are getting 7 figure salaries or higher.
billyjoe

[New-born baby]

GM , not the stock of the day. (Reuters) Jan. 14th GM today buys it's way out of deal with Fiat . Total cost to get in and back out,4.4 billion. Quite a payday for Fiat. What was GM thinking? And these execs. are getting 7 figure salaries or higher.
billyjoe

Incredibly bad/good news for GM. The good news is they are done with FIAT (an acronim for Fix It Again Tony). Rick Wagoner, the CEO of GM, made the deal originally in about 1998, and he ought to be fired. The bad news is it cost $4.4B. Rick Wagoner has 5 million+ shares of GM (each paying a $2 divy). And he gets a $1.5M salary besides, so it is an 8 figure salary.

UUUUGGGGHHHH!!

[dmk112]

I missed it. Thought I'd wait on FRD until after earnings. Oh well can't win then all!! Great pick up off the high 11's


FRD actually closed @ 12.50 so it may not be too late, but I would wait till earnings.

[New-born baby]

FRO Investors:

Here's a heads up about what's happening on the tanker front:

Morgan Stanley downgraded all tanker stocks from accumulate to neutral this morning. It seems every tanker stock "tanked" in the a.m. FRO was down $1.60. That, I think, was the analysts trying to get your shares. It finished up for the day about .30 or so. The oil price is good; India and China are importing more and more oil everyday. I think tanker stocks are fine. But they are volatile, just like housing stocks. However, FRO is a payer. In the last 12 months alone, in dividends and free shares of SFL she has paid 119% of the stock price. Not too bad . . . .

FRO is due to pay a dividend on 2/23/05. Scottrade says $2.50, but there are rumors that FRO will double the dividend this time around: $5! Furthermore, FRO is going to give away another 25% of SFL in May or so (date not yet set). In any case, you could buy some shares and hang on until the just before the ex-date, and probably see some appreciation in price. Then if you do hold, it should be good.

[mrmarket]

FRO Investors:

Here's a heads up about what's happening on the tanker front:

Morgan Stanley downgraded all tanker stocks from accumulate to neutral this morning. It seems every tanker stock "tanked" in the a.m. FRO was down $1.60. That, I think, was the analysts trying to get your shares. It finished up for the day about .30 or so. The oil price is good; India and China are importing more and more oil everyday. I think tanker stocks are fine. But they are volatile, just like housing stocks. However, FRO is a payer. In the last 12 months alone, in dividends and free shares of SFL she has paid 119% of the stock price. Not too bad . . . .

FRO is due to pay a dividend on 2/23/05. Scottrade says $2.50, but there are rumors that FRO will double the dividend this time around: $5! Furthermore, FRO is going to give away another 25% of SFL in May or so (date not yet set). In any case, you could buy some shares and hang on until the just before the ex-date, and probably see some appreciation in price. Then if you do hold, it should be good.

With the high price of steel, you won't be seeing much new tonnage coming any time soon, and even when you do, you can bet these new ship owners will want to cover their investment by jacking up world scale rates. I think the ships will still sail for a while.

[New-born baby]

With the high price of steel, you won't be seeing much new tonnage coming any time soon, and even when you do, you can bet these new ship owners will want to cover their investment by jacking up world scale rates. I think the ships will still sail for a while.

MM,

Huge thanks for your 19" biceps worth of opinion!

NEWSFLASH: Drudge reports via London's Financial Times that OPEC will have to pump to the max to meet world oil demands due to China voracious appetite for oil. At the same time, Russian production is falling.

This means tankers will be busy. This also means it is a good time to hold some Cans.

[dmk112]

Anyone following CKCM?? It has been hit hard with selling last few days (b/c it fell short of revenue - beat eps). IT has rebounded today nicely.. Any thoughts?

[RL]

I Would Be The Last One To Advise Anyone To Buy Any Stock But This One Is Going To Be A Big One. Sglt

[jiesen]

I Would Be The Last One To Advise Anyone To Buy Any Stock But This One Is Going To Be A Big One. Sglt

you mean sgtl?

http://finance.yahoo.com/q/bc?s=SGTL&t=1y&l=on&z=m&q=l&c=

[RL]

Sorry About That I Ment Sgtl.

[MickyMouse]

Sorry About That I Ment Sgtl.

Hi RL,

Any specific reason you can share why it is going to be big?

Thanks in advance.

Micky

[RL]

Just bought THE

[RL]

Mentioned Topt To You Back On Feb. 13th. Now Everyone Starting To Talk About It

[New-born baby]

FRO-ites,

You should have received your free SFL shares into your account today.
I did.

[billyjoe]

New-Born,
Yep, the SFL shares have arrived. I'm up 7.57% now with the dividends still to come. FRO's current yield is 20.84% and SFL's is 8.13%. Thanks again, New-Born.

billyjoe

[New-born baby]

New-Born,
Yep, the SFL shares have arrived. I'm up 7.57% now with the dividends still to come. FRO's current yield is 20.84% and SFL's is 8.13%. Thanks again, New-Born.

billyjoe

BillyJoe,

Where did you get the SFL divy info? Scottrade doesn't list it as of yet. I'd like to know when and how much they are going to pay. FRO announcement is on 02/23/05. Let's hope it as good as some have said. The numbers will actually support a $7 divy this quarter . . . and don't forget the last 25% of SFL is still to come!

[billyjoe]

New-Born ,

Got my information from a Muriel Siebert site where I have an account. They apparently just took the .45 div x4. Don't know exact date, but estimate is March 7th.

billyjoe


MSN money has some interesting SFL info. 2/17 institutional ownership increased has list of inst. owners more info and alerts

[spikefader]

My hot pick for Monday: Short SIRI. Chart here http://www.mrmarketishuge.com/forum/showpost.php?p=14101&postcount=365

[New-born baby]

Fro-ites:

Here's your reward for holding FRO yesterday. The dividend is:

$3.50 dividend and more free shares of SFL.

What's wrong with that? That's more than 7% return just yesterday alone!

[billyjoe]

New-Born,

Too bad the other stocks aren't holding up as well as FRO. As much as I hate seeing prices at the gas pump rise, FRO advances at the same time more than make up the difference.

Meanwhile SFL was mentioned by a dividend fund manager on CNBC yesterday as one of the top 3 picks. Although she classified SFL as speculative she said it was very fundamentally sound and not a risk at this time. The fund may have been Aspen Dividend Fund.

billyjoe


As of 1pm est am up 11.24% on fro sfl combo. Should I sell at 15%, cash is king!

[billyjoe]

New-Born,

As of 11:35 am est. Thursday, total FRO SFL combo gain is 15.57% in just 24 days. I know Mr. Market would take the cash and move on to the next selection, but I'm no Mr.Market , I'm Greedy. Anyway am still hoping to last one year and figure out the exact return with the two huge dividend payouts plus free SFL shares and whatever else they'll give us. Why aren't there more fun stocks like this?

billyjoe

[New-born baby]

BillyJoe,

The return on FRO last year (that excludes what you've picked up here in the last 24 days) was 119%. I think that is pretty good. And if they give you $3.50 per quarter, you'll be doing okay.

[New-born baby]

BillyJoe,

FRO is going to pay out the last 15% of SFL with June divy. June divy is already $3.50--they have the cash. I hope you are enjoying the ride.

If you've the spare change, FDG is a good place to put it. Talk is divy may rise from $4 per year to $12. If so, look at share prices rising to $120+.
Too hot to buy today, but Monday may be a pullback day.

[billyjoe]

Hey New-Born,

They've finally started talking about FRO on the IBD forums. When they start filling the page it will be time to sell . DHB got over 129,000 hits before it ran into the ground.

billyjoe

[grebnet]

Does anyone have an opinion on CFK this has popped on my screen for a while but something keeps stopping me from pulling the trigger. Any opinions to persuade or dissuade me are appreciated.................

[Hany]

VectorVest Stock Analysis of C E Franklin as of 2/25/2005

Analysis Summary
CFK is undervalued compared to its Price of $6.54 per share, has somewhat below average safety, and is currently rated a Buy.

In-Depth Analysis
Business: CE FRANKLIN LTD, (CFK) purchases, warehouses, sells and services supplies and equipment for oil and gas exploration and production. The company also distributes line pipe for oil and gas gathering systems.

Price: CFK closed on 2/25/2005 at $6.54 per share

Value: Value is a measure of a stock's current worth. CFK has a current Value of $10.16 per share. Therefore, it is undervalued compared to its Price of $6.54 per share.

RV (Relative Value): RV is an indicator of long-term price appreciation potential. CFK has an RV of 1.50, which is excellent on a scale of 0.00 to 2.00.

RS (Relative Safety): RS is an indicator of risk. CFK has an RS rating of 0.84, which is poor on a scale of 0.00 to 2.00. RS is computed from an analysis of the consistency and predictability of a company's financial performance, debt to equity ratio, sales volume, business longevity, price volatility and other factors. A stock with an RS rating greater than 1.00 is safer and more predictable than the average stock in the VectorVest database.

RT (Relative Timing): RT is a fast, smart, accurate indicator of a stock's price trend. CFK has a Relative Timing rating of 1.73, which is excellent on a scale of 0.00 to 2.00.

VST (VST-Vector): VST is the master indicator for ranking every stock in the VectorVest database. CFK has a VST rating of 1.42, which is excellent on a scale of 0.00 to 2.00. VST is computed from the square root of a weighted sum of the squares of RV, RS, and RT. Stocks with the highest VST ratings have the best combinations of Value, Safety and Timing. These are the stocks to own for above average, long-term capital appreciation. VectorVest advocates the purchase of safe, undervalued stocks rising in price.

CI (Comfort Index): CI is an indicator which reflects a stock's ability to resist severe and/or lengthy price declines. CFK has a CI rating of 1.10, which is good on a scale of 0.00 to 2.00. CI is quite different from RS in that it is based solely upon a stock's long-term price history. VectorVest advocates the purchase of high CI stocks.

GRT (Earnings Growth Rate): GRT reflects a company's one to three year forecasted earnings growth rate in percent per year. CFK has a forecasted Earnings Growth Rate of 33.00%, which VectorVest considers to be excellent. GRT is computed from historical, current and forecasted earnings data. It is updated each week for every stock in the VectorVest database. GRT often foretells a stock's future price trend. If a stock's GRT trend is upward, the stock's price will likely rise. If GRT is trending downward, the stock's Price will probably fall. VectorVest favors the purchase of stocks whose GRT is rising and is greater than the sum of current inflation and interest rates, (8.43%).

Recommendation (REC): VectorVest gives a Buy, Sell, Hold recommendation on every stock, every day. CFK has a Buy recommendation. REC reflects the cumulative effect of all the VectorVest parameters working together. These parameters are designed to help investors buy safe, undervalued stocks rising in price. They also help investors avoid or sell risky, overvalued stocks falling in price. VectorVest recommends that investors buy high VST-Vector, Buy-rated stocks in rising markets.

Stop (Stop-Price): Stop is an indicator of when to sell a long position or cover a short position. CFK has a Stop of $5.22 per share. This is $1.32 below CFK's current closing Price. A stock's Stop is computed from a 13 week moving average of its closing prices, and is fine-tuned according to the stock's fundamentals. High RV, high RS stocks have lower Stops, and low RV, low RS stocks have higher Stops. In the VectorVest system, a stock gets a 'B' or 'H' recommendation if its Price is above its Stop and an 'S' recommendation if its Price is below its Stop.

EPS (Earnings per Share): EPS stands for leading 12 months Earnings Per Share. CFK has a forecasted EPS of $0.44 per share. VectorVest determines this forecast from a combination of recent earnings performance and traditional fiscal and/or calendar year earnings forecasts.

P/E (Price to Earnings Ratio): P/E is a popular measure of stock valuation which shows the dollars required to buy one dollar of earnings. CFK has a P/E of 14.86. This ratio may be deemed to be high or low depending upon your frame of reference. The average P/E of all the stocks in the VectorVest database is 31.89. P/E is computed daily using the formula: P/E = Price/EPS.

EY (Earnings Yield): EY reflects earnings per share as a percent of Price. EY is related to P/E via the formula, EY = 100 / (P/E), and may be used in place of P/E as a measure of valuation. EY has the advantages that it is always determinate and can reflect negative earnings. CFK has an EY of 6.78 percent. This is above the current average of 3.15% for all the stocks in the VectorVest database. EY equals 100 x (EPS/Price).

GPE (Growth to P/E Ratio): GPE is another popular measure of stock valuation. It compares earnings growth rate to P/E ratio. CFK has a GPE rating of 2.24. High growth stocks are believed to be able to justify high P/E ratios. A stock is commonly considered to be undervalued when GPE is greater than 1.00 and overvalued when GPE is below 1.00. Unfortunately, this rule of thumb does not take into account the effect of interest rates on P/E ratios. The operative GPE ratio of 1.00 is valid when and only when interest rates equal 10%. With long-term interest rates currently at 5.43%, the operative GPE ratio is 0.29. Therefore, CFK may be considered to be undervalued.

[grebnet]

Thanks
That is a nice summary.
How accurate do you find this analysis . I have heard of vectorvest but never used it. Is it a subscription svc ?

Thanks Greb

[New-born baby]

Hany,

Thank you so much for the excellent work! Keep that kind of work up!

[scifos]

Thanks
That is a nice summary.
How accurate do you find this analysis . I have heard of vectorvest but never used it. Is it a subscription svc ?

Thanks Greb

I tried it for a short while ($5 for the first month or something like that) their stuff wasn't really that great, although it did help supliment my own research. But wasn't worth the $60 a month after the first month.

Someone did a thread on it a few months ago (oct or nov) search the boards for it (think the thread was called 'Vectorvest ??" )

[New-born baby]

I tried it for a short while ($5 for the first month or something like that) their stuff wasn't really that great, although it did help supliment my own research. But wasn't worth the $60 a month after the first month.

Someone did a thread on it a few months ago (oct or nov) search the boards for it (think the thread was called 'Vectorvest ??" )

Ask Webs: he's the man.

[Websman]

Ask Webs: he's the man.

Here's the link for my former vectorvest thread. I tried it. It was ok, but not worth the money. I didn't see any big advantage with their system.

http://www.mrmarketishuge.com/forum/showpost.php?p=8082&postcount=1

[Hany]

VectorVest is just something I use to doublecheck to see if a stock is fully valued or not. It's like any of those services that claim to beat the market but we know better than that. :)

I usually check S&P, VectorVest, this forum and MSN Stock Scouter to make sure that I'm on the right track.

Just my 2 cents.

Aside from that, CFK looks very good as oil prices and steel prices should help this company's profit margins. Demand for its services should remain strong throughout 2005. Its volume is too thin so it's risky to get out of if anything goes down but I think that it's a matter of time before it blossoms. Definitely deserves research.

[RL]

Here Is a dart throw for you to look at

[noshadyldy]

My 2cents worth (.0047 adjusted for inflation and taxes) is to keep eyes on alternative energy like ESLR CPST ACPW. I've been hopping a ride or two off of ESLR here and there. Just hit a take profit level from my standpoint, and looking to get back in on a decent dip.

[RL]

Sent a dart throw pick but had short term memory loss and forgot to give you the symbol. Here It Is CETV.

[RL]

HERE WAS ONE OF MY DART THROWS iGAVE YOU ON 2\18.EEP YOUR EYE ON IT.OR BETTER STILL CHECK IT'S CHART

[dmk112]

Looks like FRD has made a comeback... I may nibble tomorrow morning if it looks good...

[mtm]

ANTP for today.

[RL]

MSN Money Columnist Jon Markman says the March list comprises the stocks with the highest StockScouter rating that are also in the highest number of "in favor" market tailwind categories. Currently there are just four "in favor" sectors, basic industries, energy, public utilities and transportation.

In addition to several oil and oil services companies, a high number of Latin American issues make the list.

Company Name Sym SS Score Volume 2/28 Close
Grupo Aeroportuario del Sureste ASR 10 195,200 $31.84
Rangold Resources GOLD 10 496,176 $13.69
KFX KFX 10 1,071,600 $17.00
TransMontaigne TMG 10 134,975 $7.67
Repsol YPF REP 9 283,700 $27.33
Grupo IMSA IMY 9 9,425 $25.70
Lan Airlines LFL 9 108,250 $35.46
Key Energy Services KEG 9 1,636,525 $13.82
BHP Billiton BHP 9 2,507,425 $30.76
Rio Tinto RTP 9 194,350 $141.57
Allete ALE 8 160,575 $39.68
Suncor Energy SU 8 1,445,650 $39.05
Agrium AGU 10 696,850 $18.10
Cabot Oil & Gas COG 10 290,400 $55.99
Chesapeake Energy CHK 10 5,340,250 $21.69
Cimarex Energy XEC 10 1,279,875 $40.67
Forest Oil FST 10 1,602,200 $40.00
Frontier Oil FTO 10 350,425 $32.06
Holly Energy Partners HEP 10 19,950 $38.95
The Houston Exploration THX 10 324,225 $57.90
Inco Limited N 10 2,847,500 $41.50
Kronos Worldwide KRO 10 8,950 $47.09
Murphy Oil MUR 10 480,550 $100.04
Nextel Communications NXTL 10 9,353,965 $29.43
Nexen NXY 10 255,900 $50.48
Patterson-UTI Energy PTEN 10 3,614,308 $25.00
Petroleo Brasileiro PBR 10 3,333,200 $48.80
Premcor PCO 10 755,725 $54.88
Silgan Holdings SLGN 10 68,025 $66.48
TXU TXU 10 2,561,325 $76.25
Unit UNT 10 1,080,750 $45.78
Varco International VRC 10 1,126,675 $37.71
Yellow Roadway YELL 10 2,508,057 $57.75
Nabors Industries NBR 10 2,215,800 $57.40
Atwood Oceanics ATW 10 208,075 $68.75
Cal Dive International CDIS 10 431,403 $50.78
Companhia Vale Do Rio Doce RIO 10 5,165,925 $35.00
Companhia de Saneamento Basico SBS 10 126,325 $15.10
Denbury Resources DNR 10 470,725 $33.97
El Paso EP 10 6,103,975 $12.33
Grey Wolf GW 10 3,586,975 $6.49
Hornbeck Offshore Services HOS 10 218,500 $23.17
IPSCO IPS 10 410,925 $53.38
Magnum Hunter MHR 10 1,587,350 $16.73
Natural Gas Services NGS 10 32,250 $10.66
Overseas Shipholding OSG 10 569,175 $65.12
PetroKazakhstan PKZ 10 843,500 $43.75
Pioneer Drilling PDC 10 384,875 $12.89
Reliance Steel & Aluminum RS 10 341,900 $45.70
Ryanair RYAAY 10 984,593 $43.71


-- Charley Blaine and Kim Khan

[RL]

Take a look

[New-born baby]

Take a look

Ray,

You certainly know your Long dart stocks! Thanks for passing us the infor.

[billyjoe]

New-born,

I'm out of FRO/SFL with an 18.4% gain in 30 days. Owe you at least a 15%er. Will post it here first . Thanks again.

billyjoe

[New-born baby]

New-born,

I'm out of FRO/SFL with an 18.4% gain in 30 days. Owe you at least a 15%er. Will post it here first . Thanks again.

billyjoe

BillyJoe,

Glad you enjoyed the brief ride. I hope my selling at $57.40 did not disturb you unnecessarily. I needed the money for a house we just bought, and never argue with a profit. I bought in a 49.11, 50.00 and 51.90. I wish I had the guts to jump in some more when Spike called a channel long day at $45, but I was already heavily invested and did not want to risk more on one company. But FRO has been good to me, and I still have SFL shares. Divy coming in ONE WEEK. I hope you have your SFL.

And yes, BillyJoe, by all means, post those 15%ers here FIRST.

Would you like another 25%? BUY FDG NOW!

[New-born baby]

Hot Shotters,

I'm bored with FRO for now. Thanks for the memories, but now it is time for me to move on. So here is the mover:

Fording Coal (FDG)

I suggest you buy some ASAP.

Here's the dope:

3:1 split coming soon.

Divy raised from 1.04 to 1.30.

More divy increases coming in 2005 (speculation on my part).

Target price before split: $110-$125
Current price: $93 per share.

Do your DD and enjoy the ride. This is the HOT SHOT PICK OF THE DAY!

[dmk112]

BOOM

UP today 2.22, looks like the momo players got it now, but a pull back buy may be worthy as it can go to the moon with the small float.

[New-born baby]

I've been watching BOOM since $8. Too bad I couldn't pull the trigger. It was pretty shakey back there, and may pull back hard sometime soon.

[New-born baby]

Here's a hot pick of the Day: Thursday, March 3

CHK, USA's 4th Largest Natural Gas producer. Heavy insider buying by the CEO and his #2 man, (on the open market no less!), to the tune of 10.5 MILLION shares, last week. Mr. $$$$$ says guys like that buy for just one reason . . . .

[RL]

Good tip new born Ijust bought It 3/1

[RL]

Great call on FDG New Born on hope you were on It

[canaveraldan]

Just bought into CHK at 22.6.

[New-born baby]

Just bought into CHK at 22.6.

I hope you make a good pile on it. Do you have a target?

[canaveraldan]

Hi new-born. My target is 18% which is $26.75. I've been looking for something in the Energy sector. I was looking at VPI but it has some problems with the SEC. I like the fundamentals on CHK and the increase in volumn is encouraging.

[New-born baby]

Hi new-born. My target is 18% which is $26.75. I've been looking for something in the Energy sector. I was looking at VPI but it has some problems with the SEC. I like the fundamentals on CHK and the increase in volumn is encouraging.

We must think somewhat alike because I had a technical first target of $27, and a secondary target of $34. Best to you!

[billyjoe]

New-born,

Here's a hot one that's been trading less than 2 months. You might like it with it's Canadian connection.
Resverlogix (toronto stock exchange) symbol RVX is a Canadian biotech company with a market cap of approx. 175million. They are soon to begin trials on a cholesterol drug that will enhance good cholesterol (HDL) instead of lowering bad cholesterol as is the case with Lipitor , Zocor and other popular brands. They are competing against Pfizer and other giants. They are burning through $ at fast clip , but seem to be quite legit and soon expect to be in partnership with funds readily available. They also have drugs in development that help develop an immunity to certain types of cancer. However, the cholesterol project is their main concern. In the last 6 weeks the stock has gone from 5.95 to 7.90 (Canadian approx 1.23 for 1 U.S. dollar). Although it is highly speculative , in my opinion it has a lot of juice and hype that will keep it going at least a few months.
I can drive to Canada in about 2 hours. Was thinking about opening an account there that could also be used for Can-roys. Do I have to be a Canadian citizen ? It would be nice if the account could be accessed and traded from my computer . Some friends bought a TSX stock, but had to pay the local broker about $150 in fees.

billyjoe

[New-born baby]

BillyJoe,

I do not think driving to Canada is a necessary thing for you to do.

Here's the simple way:

1. Get an Interactive Brokerage Account (hereafter "IB").
2. Set up an account funded with Canadian dollars. (Simple: IB will just take your US dollars, exchange the money for a fee of $3, and you are in business. They do all the rest for you).
3. Buy and sell on the Toronto Stock Exchange just like you do with your Scottrade/Ameritrade account that you have now: through your computer!

Easy, eh?

Now let's talk IB fees: .02 CANADIAN (that's .016 USD) per share for the first 500 shares. Cheap, eh? After 500 shares, the price drops to .01 CD per share. And don't forget you get all those delicious TSX streaming quotes that Scottrade, Ameritrade and all the others won't give us now. AND, the biggest blessing, is that you can buy and sell real good companies like Acclaim, Paramount, Harvest, Baytex and NAL Energy Trust.

I am not interested in any speculative drug companies. ELN filled my craw, and I didn't even own any. Sick for King. I'm an oil man.

Last piece of advice: you can make a lot of money in the Cans the easy way, and they are not speculative. Play it safe, will ya?

[New-born baby]

Just a note to tell you that if you hold your shares til Monday close, you'll get a nice 50 cents per share divy from SFL. What's wrong with that?

[spikefader]

We must think somewhat alike because I had a technical first target of $27, and a secondary target of $34. Best to you!CHK Nice stock this one. Look at the weekly and see if you can spot the c entry at 12.64. And see the 5 waves since then. I think it's in the final 5th now, and almost at the upper channel target of 26.00ish.
If I pull out my crystal ball, I can see that it might be about to make a big head, possibly and island reversal, a right shoulder, then a drop back down to 18.00 support. That's my best guess anyway :D

[spikefader]

Just a note to tell you that if you hold your shares til Monday close, you'll get a nice 50 cents per share divy from SFL. What's wrong with that?Nuffin! It's all good. :)

[New-born baby]

Nuffin! It's all good. :)

Spike,

I hope my post was clear, but in case it wasn't, here's a clarification:

If you owned SFL on 3/3/05, and hold thru 3/7/05, you'll receive 50 cents per share. Most SFL owners got their shares as a gift from owning FRO before 2/23/05 and holding through 3/1/05.

By the way, I am very glad to see FRO up for you today. I prayed it would go up, as I wouldn't want you to lose any money, even if it does prove that I don't know anything.

Thank you Spike!

[spikefader]

Great call on FDG New Born on hope you were on ItAnd it just keeps chuggin along too. Very nice. :)

[spikefader]

Spike,

I hope my post was clear, but in case it wasn't, here's a clarification:

If you owned SFL on 3/3/05, and hold thru 3/7/05, you'll receive 50 cents per share. Most SFL owners got their shares as a gift from owning FRO before 2/23/05 and holding through 3/1/05.

By the way, I am very glad to see FRO up for you today. I prayed it would go up, as I wouldn't want you to lose any money, even if it does prove that I don't know anything.

Thank you Spike!
Thanks New-born! :D

lol Even IF someone said they had proof of it, I'd tell them politely and with every good Christian intention where to put it for you :D They obviously wouldn't have seen the stuff you contribute to this forum.

[spikefader]

Hot pick for me today:
Short MSO now at 34.40, stop at 34.80.
Charts here http://www.mrmarketishuge.com/forum/showpost.php?p=14846&postcount=2290

[New-born baby]

Spike,

GM is awful weak right now. Yesterday announced layoffs (3000) in Lansing MI. That's a new plant (built around 2000). Also 9 weeks of downtime in Janesville, WI due to slowing SUV sales.

[spikefader]

Spike,

GM is awful weak right now. Yesterday announced layoffs (3000) in Lansing MI. That's a new plant (built around 2000). Also 9 weeks of downtime in Janesville, WI due to slowing SUV sales.
Yep. One could have chased the channel turn down at yesterday's open too. You'd be right from the get go. Those channel turns can really be worth chasing for the right stock.
Here's the previous chart (http://www.mrmarketishuge.com/forum/showpost.php?p=12074&postcount=1984).
Today, the weekly channel turn down with a break of the volume by price support could justify an entry short. It just broke a double bottom, so short from 34.82 right now is probably worth it. Stop at 34.96 is wise though, since it's a chase. A wiser move is to stalk an entry at say a pivot one day next week.

[jiesen]

http://finance.yahoo.com/q/bc?s=TM&t=2y&l=on&z=m&q=l&c=

All your money are belong to TM.

[spikefader]

Re short here (http://www.mrmarketishuge.com/forum/showpost.php?p=14847&postcount=195)earlier today.
Love it when a plan comes together!

[New-born baby]

Here he is: the new Martha Stewart Emotionless Trader

http://img10.exs.cx/img10/6126/chaart18jx.th.gif (http://img10.exs.cx/my.php?loc=img10&image=chaart18jx.gif)

Click on image for detail.

[New-born baby]

Adam teaches the 'boys how to read Spike's charts.

http://img126.exs.cx/img126/4892/chaart19wi.th.gif (http://img126.exs.cx/my.php?loc=img126&image=chaart19wi.gif)

[spikefader]

Here he is: the new Martha Stewart Emotionless Trader
haha nice one. Not a bad 12.9 points or 37.5% in 9 days! :D Talk about selling the good news!

[New-born baby]

haha nice one. Not a bad 12.9 points or 37.5% in 9 days! :D Talk about selling the good news!

Spike,

AAAHHH! I just read your post, and the terrible thought came to mind that my ugly picture of the emotionless trader could have been interpreted to mean that I posted that picture saying you looked like that "thing." That was not my intention at all! I saw that pic on Drudge, and since Martha does the fashion thing, (as well as stock buying/selling), I figured I'd throw it up on the board.

If anyone took it to mean I was making fun of Spike, I apologize. That wasn't my intention at all.

But I do offer HUGE congrats to Spike for the MSO short.

[billyjoe]

This has to be the thread for this question. I know lots of people are talking about going to all cash and yet we all know there's still some great stocks out there. If only we can pick the one. I'm close to all cash myself and was thinking should I stay out or buy . The question is if you could only own one stock tomorrow what would it be? And why? Thanks. Maybe I'll buy the most convincing stock.

billyjoe

[RL]

I'm close to being all out of cash.

[spikefader]

Spike,
If anyone took it to mean I was making fun of Spike, I apologize. That wasn't my intention at all........but I do offer HUGE congrats to Spike for the MSO short.No offence was taken Bro! And thanks.

[New-born baby]

This has to be the thread for this question. I know lots of people are talking about going to all cash and yet we all know there's still some great stocks out there. If only we can pick the one. I'm close to all cash myself and was thinking should I stay out or buy . The question is if you could only own one stock tomorrow what would it be? And why? Thanks. Maybe I'll buy the most convincing stock.

billyjoe

I think that earnings season is going to give us a pop. Why? Because the sentiment index is near 20 (oversold), and some of the best pops in the market have come when the confidence is so low. I would just say you might look real hard for some promising stuff. Right now I am moving 9 miles down the road, so I am not researching like I need to produce a hot pick each week. I wish you had bought FRO at $44 like I called on this thread.
Did you get the Interactive Brokers account like I suggested? If so I have picks for you this very week. Write and let me know.

[Websman]

I'm still all cash, but I probably won't be for long.

[New-born baby]

Yes, it's true:

All rallys are started by the short sellers getting squeezed.

[Websman]

Yes, it's true:

All rallys are started by the short sellers getting squeezed.

Yes, and the shorts are coming on strong. The rally should be starting soon.

[spikefader]

Hey New-born! How goes it?
This thread sure is quiet. Who's got a hot pick of the day for tomorrow?

[mimo_100]

Hey New-born! How goes it?
This thread sure is quiet. Who's got a hot pick of the day for tomorrow?

cmn - how hi can it go?

snhy - from the latest MM dump

[skiracer]

Here's a trade on the news. Off the wire from Briefing.com this am. WTSLA reports same store sales up twice what estimates were for March to 36.3% from estimates of 18.7%. Up .25 in the premarket this am. Worth keeping an eye on today for a daytrade. Wait until at least 10 am to see if it holds any gap up.

[spikefader]

...snhy - from the latest MM dumpgiving channel long today :) Just need a pattern.......

[spikefader]

Here's a trade on the news. Off the wire from Briefing.com this am. WTSLA reports same store sales up twice what estimates were for March to 36.3% from estimates of 18.7%. Up .25 in the premarket this am. Worth keeping an eye on today for a daytrade. Wait until at least 10 am to see if it holds any gap up.WTSLA channel long today too lol
but intraday action is looking slippery. no nice pattern.....

[New-born baby]

Hey New-born! How goes it?
This thread sure is quiet. Who's got a hot pick of the day for tomorrow?

Spike, et al,

Hello to all you Huge-ites! I am still alive! I just moved our family into a "new for us" house, and I have been exceedingly busy with all my church responsibilites. As a result, I haven't been posting anything hot. I've taken all my investments off the board, except for my Cans. I've let them ride since they pay me a monthly dividend, although I could do better by trading them like Tomrich.

Hopefully I'll be back with a hot shot pick of the day sometime soon. Probably not for a couple of weeks though.

I still briefly look at what's happening here. I really enjoy this forum.

God bless you all,

[coachgbw]

new baby i enjoy your work. wish i knew half as much. Actually amazed at
knowledge of all on board. My hot pick for 3/8 is imos. Charts look good to
a novice, volume increase, with alot of institutional play. Would love for
someone to reply. Also jsda has jumped but interesting stock. Bought at
5.19 and in for ride. Please respond. Thanks. :)

[mooddude]

cmn - how hi can it go?

snhy - from the latest MM dump
I think CMN has equal chances of doing one of the following: (1) tread some water for a while or even correct some 5-10% after a recent run-up, then continue growing. (2) Alternatively, it can jump much higher (15-20%), after which fall into a new 2 or 3-month base.

[New-born baby]

cmn - how hi can it go?

snhy - from the latest MM dump

Mimo:

When it comes to charting, well, I am blind in one eye, and I cannot see out of the other.

Here's my ten cent opinion of CMN:

http://img134.exs.cx/img134/8644/chaart14lv.th.gif (http://img134.exs.cx/my.php?loc=img134&image=chaart14lv.gif)

Probably time to take profits.

[New-born baby]

MM types,

PCU is going to pay a $2.37 divy to shareholders who have purchased before April 27. That's a 17.29% dividend! BILLYJOE: where are you?

[billyjoe]

Right Here New-Born,

How can I confirm that April 27th cut off date ? I found an April 12th date at one site.

billyjoe

[New-born baby]

Right Here New-Born,

How can I confirm that April 27th cut off date ? I found an April 12th date at one site.

billyjoe


Here's the phone number: 602-977-6500.

Tell 'em Newborn Baby had you call.

[spikefader]

Welcome back New-born! God bless you dude. :D

[billyjoe]

New-Born Baby,
Again you are absolutely correct. Although I was speaking to someone in Southern Peru , they assured me that New-Born was a fine American.

billyjoe

[Iggy]

I'm liking this stock right now - I'm a big golf fan first of all, and this stock has been a nice steady mover, setting a high today; pushing stubbornly through a bad market.

Worth a look.

[New-born baby]

Welcome back New-born! God bless you dude. :D

Thanks Spike!

But I'll be kinda spotty here for another week or so. This move has been tough! And I only moved 9 miles south.

[New-born baby]

New-Born Baby,
Again you are absolutely correct. Although I was speaking to someone in Southern Peru , they assured me that New-Born was a fine American.

billyjoe

He didn't work for Wal-Mart, did he? :)

[New-born baby]

BillyJoe,

PCU was up $2.33 today, then closed DOWN $7.18 in after hours trading. Not sure what is going on here, or how that may affect the price tomorrow. . . .

FRO: bounced off support at $44.15 this morning and gained $1.37 today. You might want to watch that support line in the future for daytrading possibilities. The market was so scary the last few days I wasn't eager to enter a long.

[New-born baby]

Batman,

What happened to Southern Peru Copper in after hours trading? Looks like the Joker is involved!

http://img66.echo.cx/img66/2838/batman5fl.th.gif (http://img66.echo.cx/my.php?image=batman5fl.gif)

[billyjoe]

New-Born,

For once the gods, not to be confused with THE GOD, have favored me. I attempted to purchase PCU , but couldn't because someone (children) deleted internet explorer and put in mozilla which is great at keeping popups off the screen, but also is incompatible with my trading site. Everything else works fine on the site, but when you hit "equities" it can't be read. Might be the best stock I never bought.

billyjoe

p.s. do you use YAHOO finance ? another site had it up .43 at 6p.m.

[New-born baby]

New-Born,

For once the gods, not to be confused with THE GOD, have favored me. I attempted to purchase PCU , but couldn't because someone (children) deleted internet explorer and put in mozilla which is great at keeping popups off the screen, but also is incompatible with my trading site. Everything else works fine on the site, but when you hit "equities" it can't be read. Might be the best stock I never bought.

billyjoe

p.s. do you use YAHOO finance ? another site had it up .43 at 6p.m.

BillyJoe,
After I posted, a friend called to question my sanity. While he refused to believe my pleas that PCU had fallen, he checked around and found out that YaHoo had erred. PCU had not fallen. I am still partially sane.

[billyjoe]

New-Born,

A bull grabbed me this afternoon and forced me to purchase some PCU. Of course it couldn't grab me but it stuck me with it's horns.

billyjoe

[New-born baby]

New-Born,

A bull grabbed me this afternoon and forced me to purchase some PCU. Of course it couldn't grab me but it stuck me with it's horns.

billyjoe

Good for you BillyJoe! That 18% divy is great!

Now let's talk FRO, by friend. Support is $44.15. If it approaches that figure soon, I might suggest you consider buying some. Why? Because that big divy is going to come soon (May), and the share price is going to rise when people start jumping on board. And then you may very well consider jumping ship at $55-$57.

Just a head's up from the "baby." +)

[New-born baby]

BillyJoe,

Check out this chart on SFL:

http://img241.echo.cx/img241/3521/chaart11gj.th.gif (http://img241.echo.cx/my.php?image=chaart11gj.gif)

[spikefader]

Hey, yup, agreed....
http://img242.echo.cx/img242/7968/sfl3ul.jpg (http://www.imageshack.us)

[B.J]

Hmmm... looks more like SOL :D

[New-born baby]

Hey, yup, agreed....
http://img242.echo.cx/img242/7968/sfl3ul.jpg (http://www.imageshack.us)

Nice to see the short suggestion (in this terrible market, especially!).

[billyjoe]

New-Born,

Bought some GOOG today. I can't deny their success anymore.

billyjoe

[rickflyboy]

I Sold Google today @ 215.86 for a 9% gain from March 29.
Good stock but I don't know how gas it has left, so I took the profits.

[billyjoe]

rickflyboy,
Nice profit, but I think GOOG has a new engine , carburetor , and a full tank of gas.

billyjoe

[New-born baby]

rickflyboy,
Nice profit, but I think GOOG has a new engine , carburetor , and a full tank of gas.

billyjoe

Let's look under the hood of GooG. Here's a engine analyser:

http://img257.echo.cx/img257/6140/chaart13wc.th.gif (http://img257.echo.cx/my.php?image=chaart13wc.gif)

It is not the type of used car I buy . . . .

[billyjoe]

New-Born,
This baby is powered by supercharged earnings.

billyjoe

[New-born baby]

New-Born,
This baby is powered by supercharged earnings.

billyjoe

BillyJoe,

Do you think I made a mistake not buying 1000 shares at the IPO of $85?

[billyjoe]

New-Born,
The same mistake I made. My kids taught me about google and I told everyone it was going to be great once it went public. Unfortunately I listened to the naysayers and was talked out of buying.I'll bet an extra $130,000 would put a nice new steeple on your church.

billyjoe

[Websman]

BillyJoe,

Do you think I made a mistake not buying 1000 shares at the IPO of $85?

Don't worry. I never bought GOOG either. :(

[rickflyboy]

I truly hope you guys are right and that I sold much too soon.

[New-born baby]

I truly hope you guys are right and that I sold much too soon.

Ricky,

Count the waves on the GooG chart and see for yourself. Never buy on the 4th or 5th wave up--it may not be a wave up at all.

Too rich for my hillbilly blood anyhow.

[New-born baby]

BillyJoe,

Just read on Drudge's site that GooG is valued more than GM, Disney, Viacom, and other big companies. The thing is overvalued and is going to come down--probably on Monday. Be careful, BillyJoe.

[IIC]

BillyJoe,

Do you think I made a mistake not buying 1000 shares at the IPO of $85?

Did you have the connections to get it at $85?

I call this a "Euphoric" play...ala TZOO and TASR...I applaud those who can trade these type...but somebody will be left holding the bag sooner or later.

It needs to split 3/1 real soon IMO

[New-born baby]

Did you have the connections to get it at $85?

I call this a "Euphoric" play...ala TZOO and TASR...I applaud those who can trade these type...but somebody will be left holding the bag sooner or later.

It needs to split 3/1 real soon IMO

IIC,

I am with you, Doug. I have no guts for this one.

[billyjoe]

Did you have the connections to get it at $85?

I call this a "Euphoric" play...ala TZOO and TASR...I applaud those who can trade these type...but somebody will be left holding the bag sooner or later.

It needs to split 3/1 real soon IMO

I agree to some extent, but I don't see GOOG being comparable to TASR and TZOO. GOOG could become one of the all time monsters while TZOO IMO was mostly hype and TASR a fad that is now old news.

billyjoe

[New-born baby]

I agree to some extent, but I don't see GOOG being comparable to TASR and TZOO. GOOG could become one of the all time monsters while TZOO IMO was mostly hype and TASR a fad that is now old news.

billyjoe

BillyJoe,

I just want to reiterate that I want everyone on this board to make money. I am just voicing my concern about what I consider to be a higher level of risk. Like Doug, I don't like the big price one has to pay to play with the big boys.

[billyjoe]

New-Born,

I love a gal from Southern Peru with those Google eyes.


billyjoe

[New-born baby]

Hot Shot Pickers:

Today's hot shot pick of the day is FRO--SHORT!
Yep, the party is over for FRO. The accompanying chart will demonstrate a bearish descending triangle, which indicates distribution. When the $44 mark is breached, the flag pole says she's targeted for $31, a real nice 29.55% profit target.

http://img242.echo.cx/img242/4919/chaart16lw.th.gif (http://img242.echo.cx/my.php?image=chaart16lw.gif)

[spikefader]

Hot Shot Pickers:
Today's hot shot pick of the day is FRO--SHORT!
Yep, the party is over for FRO. The accompanying chart will demonstrate a bearish descending triangle, which indicates distribution. When the $44 mark is breached, the flag pole says she's targeted for $31, a real nice 29.55% profit target.

Yep, definately a descending triangle. A few channel turn downs going on lately, and there is a volume by price hole down at 30ish. Also, a break below the 43.75 low (which was a channel long day) would add fuel to the bearish fire. On top of that, the weekly shows it is threatening to break a 12345abc long entry point, which could prove volatile if that happens. Definately a reason to hedge any longs with put options if 43.75 doesn't hold.

But helping the neutral argument, there hasn't been a channel short on the weekly, and only a pretty minor channel short on the daily. I would definately have a short bias if there was a solid channel short day from the top, but absent that, and the bullish look of the monthly chart, I think worst case very short-term is 42ish and a solid bounce.

The bigger picture 5 year monthly chart still shows a big bullish pennant pattern, and I would expect that triangle to resolve itself in the next 3 months, and there is the inevitable break either way. Bull break, more likely in my humble opinion, at least a test of the top of 54.21 and maybe new highs; bearish break, and a test of 40.00. If that fails then 31.00 is definately on the cards, as the bigger bullish pennant would be looking to form a flag. The bottom of that flag would likely get bought solidly.

Interesting stock our friend FRO. I pray it doesn't become a FOE :) harhar

[New-born baby]

Yep, definately a descending triangle. A few channel turn downs going on lately, and there is a volume by price hole down at 30ish. Also, a break below the 43.75 low (which was a channel long day) would add fuel to the bearish fire. On top of that, the weekly shows it is threatening to break a 12345abc long entry point, which could prove volatile if that happens. Definately a reason to hedge any longs with put options if 43.75 doesn't hold.

But helping the neutral argument, there hasn't been a channel short on the weekly, and only a pretty minor channel short on the daily. I would definately have a short bias if there was a solid channel short day from the top, but absent that, and the bullish look of the monthly chart, I think worst case very short-term is 42ish and a solid bounce.

The bigger picture 5 year monthly chart still shows a big bullish pennant pattern, and I would expect that triangle to resolve itself in the next 3 months, and there is the inevitable break either way. Bull break, more likely in my humble opinion, at least a test of the top of 54.21 and maybe new highs; bearish break, and a test of 40.00. If that fails then 31.00 is definately on the cards, as the bigger bullish pennant would be looking to form a flag. The bottom of that flag would likely get bought solidly.

Interesting stock our friend FRO. I pray it doesn't become a FOE :) harhar

Thank You Dr. Spike for the professional outlook! Always glad to have your input at any time.

Also supporting your opinion is the fact that FRO has a $3.50 divy coming in June. That OUGHT to give it a bullish break (no guarantees, of course).

[New-born baby]

Hot Short of the Year: GM

Read this:

http://trimurl.com/16Y

You can forget about 'em. And when they cut the divy, look for a nice $8
drop in share price.

[New-born baby]

BillyJoe,

You can buy me a nice, juicy T-Bone steak when you cash in your chips here, because you'll have enough change to retire. GooG is going to make your dreams come true.

http://img142.echo.cx/img142/7439/chaart18qa.th.gif (http://img142.echo.cx/my.php?image=chaart18qa.gif)

[New-born baby]

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[New-born baby]

Hot SHORT of the day: DJO

Read and heed:


http://img145.echo.cx/img145/2185/chaart39bq.th.gif (http://img145.echo.cx/my.php?image=chaart39bq.gif)

(Or better still: read and ignore).

[skiracer]

New-Born Baby,
There are a number of things that I saw a little differently with DJO that might be food for thought and could maybe stimulate another line of thought in your take on DJO. Of course I'm not trying to sway you but only to present another point to consider in your interpretation of the stock and your trade.
The handle isn't exactly the way a true definition of a handle would look but it's on diminishing volume and not quite sloping downward but tightly rangebound and horizontal. It would do for a handle for my purposes.
Sometimes the size of the chart changes the appearance of the candles just because of the size and the spacing of the candles. Because of that I like to use the larger of the sizes available. Play around with it an you'll see what I mean.
Anyway I looked at it from a daily chart, yours, and from a weekly chart and two different interpretations emerge. Only tomorrow will determine what will happen with the stock and since you aren't planning on buying in the afterhours tonight you aren't at any risk until tomorrow if you were to go ahead with the trade the way you planned. Of course waiting until the open or until the first half hour has passed will give a better picture of which way the wind is going to blow. As I said this dialogue is only for educational an informative reasons. Good luck with whatever way you go on this.http://img26.echo.cx/img26/3945/djo3gy.jpg (http://www.imageshack.us)

[New-born baby]

Ski,

You are correct. DJO IS a cup with handle. And it may break higher tomorrow. My view is that the overall market will set the tone for most stocks, and this is one of the most (imo). I expect the market to react negatively concerning Mr. Greenspan's rate increase. Of course, if he does not raise the rates, then I look for a bull tomorrow. But if both oil and interest rates rise tomorrow, I expect the same funk over the market that has been troubling it for the last month.

We shall see what happens tomorrow. But thank you for posting. I welcome "a second opinion."

[skiracer]

Only meant in the most positive fashion as food for thought.

[spikefader]

Hot SHORT of the day: DJO
Read and heed:
lol I'll call meself bullish on it with a target of 30.00.
EDIT: cuz of a channel turn up on the weekly and daily.

[New-born baby]

lol I'll call meself bullish on it with a target of 30.00.
EDIT: cuz of a channel turn up on the weekly and daily.

You might be right. This is a daytrade for 3 May 2005 only. IMO everything rides on Mr. Green and the interest rate talk.

But thank you for the dissenting opinion. I value it, and a lot of others who read our threads do too. Please always post your opinion of anything I throw on the board. You, too, Skiracer!

[New-born baby]

Here's a look at Eli Lilly. Cup w/ handle/

http://img147.echo.cx/img147/7739/siri0ah.th.gif (http://img147.echo.cx/my.php?image=siri0ah.gif)

[spikefader]

Here's a look at Eli Lilly. Cup w/ handle/

Can the handle be that high for cwh?

In any case, I like it long today. Channel turn up yesterday after a bullflag on the weekly, and a channel short on the weekly is failing this week. Double bottom on the weekly. Moving up and away from good vol by price on the weekly. Next major profit-taking channel hit around 61.60ish, so good to chase for a couple points anyway before one should look for a pullback. Good daytrade candidate this one.

Long the closing price or the intraday pivot 59.55.

[New-born baby]

Spike,

As always, thank you and keep posting your opinions. My plan is to chase this one at the open. We'll see what price she opens at--but if it is at yesterday's close, I am going to go for it.

Like I said, I am a daytrader.

[New-born baby]

I didn't trade LLY this morning. The stock opened up with very weak volume, so I stood back. After hitting $60, she is now down about .25.

My view is that we are headed for a red day today. Market is acting very weak, even though it is currently green. Probably GM is most up the upside to the Dow right now.

Sick market. That's all I can say. More downside possible.

[New-born baby]

WELL, WELL, WELL!

GM has a buyer! Billionaire wants to buy 10% of GM stock! GREAT NEWS!

[spikefader]

I didn't trade LLY this morning. The stock opened up with very weak volume, so I stood back.
Dude! Ya had the plan; it was a good plan! Doubts happen to the best of us. Think about what it was that made you feel different once you were ready with the trigger button. That's what you have to fight. The setup was valid long; it met the conditions of entry; you were ready to fire and hesitated. That is the precise thing that you must take control of and whip.

Best to ya!
http://img41.echo.cx/img41/8033/lly2oh.jpg (http://www.imageshack.us)

[New-born baby]

Spike,

You are correct! (As usual!). Thank you!

Does LLY have anything left in the tank? Is the target still $61.60?

[spikefader]

Spike,

You are correct! (As usual!). Thank you!

Does LLY have anything left in the tank? Is the target still $61.60?You're welcome.

I think it has more potential in the tank. Note the word potential. And also note that today (the day after the turn up) is the ideal time to chase an entry. Now that you've missed it, you should probably go back into ambush for another opportunity.

But it has the potential for higher: Channel short on the weekly has just failed. The channel from that short day has actually been pointing up for a few weeks now - didn't notice that before, but that is a particularly interesting bullish channel phenomenon. One expects a channel from a high to be downward sloping. The fact that this one started out upward and remained so is nicely bullish.

One might buy intraday S1 or S2 or intraday pattern, but you've missed the perfect chase entry. And in my book, chasing a missed 'channel chase entry' is not the ideal situation so I'd pass on the trade and wait for a channel long for it. Shouldn't take long.... :D

[New-born baby]

You read that right. Take GM LONG from here--for now.

Dr. Kerkorian wants 10% of GM stock at $31. We are headed right into a divy on 9 May. If you buy now and hold for a few hours/days, you may see some price appreciation. In any case, you have free insurance that the price won't drop below $31 as long as Dr. K keeps his bid in for $31. I am just looking for .50-$1, that's all.

Yesterday, GM formed a gapping cup. (It will fill in nicely once the euphoria is over, and we could play it short later. But for now, we are going to play it long). My play: buy GM for a daytrade. Look for an intraday entry at support once it has opened.

http://img239.echo.cx/my.php?loc=img239&image=gm5dp.gif



Personally, I hope Dr. K can save the company, but let's be realistic: it is going to take a LOT of work and many months and years, if it is even possible. The whole culture inside GM needs to be changed.

[New-born baby]

SNA is working on forming a nice chart.

Looks like an opportunity for a profitable swing trade. This thing is just starting the second wave up. It might warrant a closer look.

http://img206.echo.cx/img206/8331/siri4pp.th.gif (http://img206.echo.cx/my.php?image=siri4pp.gif)

Click on chart, then click on chart again to enlarge.

[New-born baby]

Here's some hot picks for Monday, May 9

WAL--Walmart, nice retail numbers (TGT-Target reports this week, too) All the retailers' boats out to float higher because of the WAL report.

RIMM-has reached a milestone: 3million subs to their "Crackberry." Has been trading in a range near 70 for 6 months. Look for a nice $2-4 pop today.

Takeover candidates:
HON--Honeywell; should be hot today.
AMTD--Etrade wants them.
MCIP--Quest wants them.

I think you'll see a good move out of these today.

[skiracer]

NewBorn,
That was a nice call on AMTD. They're up 2.72 in the pre-market on the rumor which I think now is not a rumor anymore. Did you get any of AMTD earlier in the pre-market?

[New-born baby]

NewBorn,
That was a nice call on AMTD. They're up 2.72 in the pre-market on the rumor which I think now is not a rumor anymore. Did you get any of AMTD earlier in the pre-market?

I have Scottrade as my broker until I can get my $$ out of Canada (hopefully today). Answer: no. They don't do pre/post market. I am moving over to Interactive Brokers as fast as I can.

Ameritrade has more room to move. You watch: she's going to be on fire from the opening bell for the first half hour/hour. Quick daytrade, pick up a few hundred.

I think RIMM is going to be moving again, too. We'll see.

[spikefader]

I have Scottrade ...... They don't do pre/post market. Wow, are you kidding?!! That is just pitiful, dangerous, ignorant, and insane! :D Good plan to go to IB. You won't be disappointed. Like I've said before, until one experiences direct access one doesn't know what one is missing. Not only an edge with entries and exits, but the ability to exit a position after-hours or pre-market if you have to. I mean come on, this is 2005 Scottrade. Managmenet must be living under a rock. :)

[spikefader]

....pitiful, dangerous, ignorant, and insane!...Oh, and those adjectives were for Scottrade, and NOT you dude! lol

[yaoyao]

I have Scottrade as my broker until I can get my $$ out of Canada (hopefully today). Answer: no. They don't do pre/post market. I am moving over to Interactive Brokers as fast as I can.

Ameritrade has more room to move. You watch: she's going to be on fire from the opening bell for the first half hour/hour. Quick daytrade, pick up a few hundred.

I think RIMM is going to be moving again, too. We'll see.

Scottrade does offer post market trading (I never tried it though), but not pre market trading.

Does IB offer a web-based trading platform? or you have to load its software on your PC to trade?

[spikefader]

Does IB offer a web-based trading platform? or you have to load its software on your PC to trade?
Yep, they sure do. You can even try an easy, no fuss, no details provided demo here http://www.interactivebrokers.com/en/software/demo.php# (you will need to get the free Java software for it to run). They provide a link to it on the page I quoted. I use both the web-based platform and the stand alone TWS platform and there is no noticeable difference in speed of execution.

[jiesen]

a chance for you traders out there to grab a quick buck, maybe?

http://finance.yahoo.com/q/bc?s=NVEC&t=5d

[frankie]

Hey, I'm new to this site, reading this thread about switching from Scottrade. I have my account with Scottrade because they're cheap and I'm new and want to keep cots down until I build a bigger warchest to work with. Have beeen frustrated with Scottrade a bit lately as I gain more experience. Besides IB, any suggestions for trading sites that are cehap and offer streaming info and quotes? Level II?

[spikefader]

frankie,

Not sure you'll get as good bang for the buck than IB, but for reliability and speed I can recommend http://www.mytrack.com/ but market orders are $12.95 and limit orders $15.95. But great direct access.

But frankly, frankie, IB is a great choice imho cuz it's not only cheap (penny a share and a buck each way per option contract) but it's very quick execution and reliable. Cost isn't everything, so base your decision on a blend of cost and speed and reliability. IB is all of those and hence the best choice for both the newbie and pro trader.

[Websman]

That's great info about brokers. I was going to open a new account this week and had considered Scottrade, but you've changed my mind.

Thanks!

[skiracer]

I would take a look at Options Express. If your somewhat active you'll end up at $9.95 per trade. Their site has everything including realtime live quotes on everything, for account holders, plus a myriad of everything else for the trader. Then you can set up the Medved Quote Tracker to run their platform thru Options Express's realtime screen and trade your Options Express account thru the Medved platform with all their data available. It works real nice an is a great setup.

[spikefader]

I would take a look at Options Express. If your somewhat active you'll end up at $9.95 per trade. Their site has everything including realtime live quotes on everything, for account holders, plus a myriad of everything else for the trader. Then you can set up the Medved Quote Tracker to run their platform thru Options Express's realtime screen and trade your Options Express account thru the Medved platform with all their data available. It works real nice an is a great setup.Are they direct access skiracer?

[skiracer]

I do all my trading online either thru the Option Express website or thru the Medved Quote Tracker site. I think that is direct access. I fill in all the blanks and hit submit trade button an the trade is usually done with seconds. You're the one who lead me to the Medved Quote Tracker site. I'm not sure of the exact definition of the terminology "direct access" but I'm pretty sure it is direct access.

I love the Medved site. It allows me to have two sites at once linked to my trading platform at Options Express so I can have two trades set up and ready to go.

[spikefader]

Re direct access: "Conventional online brokers provide Web based trading whereby the client logs in through the broker's Web site and places orders through his Internet browser. By the time client loads his browser, waits for the broker's Web page to load, logs in, enters his order, and the broker reviews the order, several minutes may have elapsed. Further time may elapse before the order is actually executed after being received and reviewed by the online broker because several intermediaries may be involved in handling the order.

In this regard, many online brokerage firms do not always themselves execute client orders directly, but rather may send the orders to other market makers for execution. This can result in slow execution of orders at a higher price than the client may have expected. This is bad news for day traders, as execution speed is critical for successful day trading.

By way of contrast, Direct Access Trading (DAT) systems allow one to trade stock directly with a market maker or a specialist on the floor of the exchange, using special trading software and high-speed computer linkages to the Nasdaq, NYSE and the various Electronic Communications Networks (ECNs). With a DAT trading platform, a trader may place orders directly into the market in real-time and trade directly with a market maker on Nasdaq, a specialist on the floor of the NYSE, or with an ECN, without any broker participation at all. There are no middle-men involved between the relevant stock exchanges, ECNs and the individual trader. If there is a sufficient number of shares available at the price specified by the trader, the order is executed in a fraction of a second and a confirmation is instantly displayed on the trader's computer screen. Because no middle-man is involved, the trader will save anywhere from a few seconds to several minutes of time to complete a typical trade. Accordingly, the major advantage of a DAT system is that it results in much faster executions than one can normally achieve using a conventional online broker.

Another major advantage of using a DAT over a conventional online broker is that, by using a DAT platform, a trader may choose a specific market maker or ECN that he wants the order sent to. A DAT system will provide the trader with access to Nasdaq Level II quotes, thereby allowing him to see, in real-time, all of the available prices for each ECN and market maker. The trader can then route his order to that particular ECN or market maker where he thinks he is most likely to get the best price. With a conventional online broker, the trader has no control over where the order is sent and, in any event, relatively few online brokers provide their clients with Nasdaq Level 11 quote information."
http://daytrading.about.com/od/exchangesecns/a/onlinetrading.htm

[skiracer]

My trades never take more than 5/10 seconds and I know time is of the essence and can make a difference in the entry point. If it ever took more than that to route and place my orders I couldn't see myself trading there. I hardly ever place market orders so it's not a matter of taking any price they want to give you if you're using limit orders. I almost always have a specific number that I want as my entry, exit, and targets, but it would be nice to see what is out there an if you could get it cheaper. When you place an order is it at the market or a limit with the specialist an is there any guarantee that you will get it at that price.
The one point I don't like is that when you have to much info regarding several prices flicking realtime in front of you doesn't it take up some time deciding which specialist you want to direct the trade to.
I certainly wasn't debating whether Options Express was better than any of the others but only offering up another option.
I'll probably check out Interactive just to know what I'm talking about next time. Thanks for the explanation of Direct Access vs online.

[Runner]

I’ve said it before and I’ll say it again. Since opening IB I have not looked back for my style of trading IB fits for me, but hey depends on your trading patterns.

You only buy and hold any service should be just fine!

[Runner]

Since I work alot I also like the bracket orders.

[skiracer]

I should clarify the statement about my trades taking only 5 to 10 seconds to route and execute. That's only when the limit order is right where or very near where the market is trading on the stock. If you post it way away from where the market is trading you're not going to get executed no matter who you place the trade with. Anytime I have placed a market order it is filled within seconds from the time I hit the submit button but then you get what you get with market orders as far as price goes.

[New-born baby]

Gentlemen,

I have only used Scottrade, and I can tell you that it is strictly minor league. Sometimes you get slow executions (esp. when you short a stock) that make the hair on the back of your neck stand straight out. I was trading ALTI this year, and I put in a sell order at market that must have taken 60 seconds to fill (it cost me about $200). Just recently, I am watching GM shares. CONSISTENTLY (no lie!) the bid was higher than the ask! IIC has complained about the inaccurate streaming quotes.

If you have a $500 account, and you buy and hold, it is sufficient. But for the hard core, take-no-prisoners type of trader, you need to step up to the big leagues. And IB is where I am headed.

[Websman]

frankie,

Not sure you'll get as good bang for the buck than IB, but for reliability and speed I can recommend http://www.mytrack.com/ but market orders are $12.95 and limit orders $15.95. But great direct access.


I opened my second account with "Mytrack" today. I'll swith to "I.B." when I get a little more cash to work with. It'll be nice having aa extra account.
Thanks for the link Spike!

[skiracer]

http://img240.echo.cx/img240/1341/vtiv6gb.jpg (http://www.imageshack.us)

I think we have an excellent opportunity here on this pullback. Can't imagine why it dropped like it did yesterday after the great earnings report. This range is very cheap for this stock. Major player in strong sector right now.

[New-born baby]

Ski--

I looked your VTIV over. Support is 19.80. It worked its way up to 20.30, and like a flash was sold off down below 20.00 again. What I think is happening is that some major player is dumping his shares. For some reason or another, he wants his cash and wants an average of $20 out of this company. So I look for it to trade within that range for awhile.

Hey, I don't know anything. But this is an attempt to explain the profit taking on such good news. Perhaps this person thinks that this is the end of the rainbow for VTIV.

Still, nice looking fundys on VTIV> And thank you for posting!

[skiracer]

I'm amazed at the drop in the last two days after that earnings report. The only think I can think of is exactly what you're saying or they lost a large account that supplies alot of their business an someone has the info before it gets out. I agree that it certainly could be someone exiting a large position. They're below $20 now anyway.

I never thought it would drop as far as it has below $20. Now at 19.50. This is a great opportunity. I'm waiting to see how far it will go before entry. Might as well not be to hasty and get it as cheap as possible.

[Runner]

SKI, check out PTMK I forgot about it and had it on my screen for a few weeks!

[Runner]

http://img63.echo.cx/img63/7168/ptmk4yq.png (http://www.imageshack.us)
http://img63.echo.cx/img63/3493/ptmk19wd.png (http://www.imageshack.us)

[New-born baby]

Runner,

Thanks for posting on this thread. You are always welcome to throw something up on the board here.

Now, please fill in the details with PTMK. Sure, its had a nice run. But you should give us a long/short bias, entry and exit strategy for us ten cent types over here. Please educate the children on this thread.

And THANKS!

[spikefader]

Very nice Webs! You'll be very happy with Mytrack and direct access. Let us know how it goes, and whether you are impressed with execution speeds or not. I know I was with IB when I first made the switch from a retail Datek account. I remember a few of those days with a grimace. There were a couple times with Datek where I would buy a momo stock with a market order, I'd wait over 15 seconds for confirmation of my entry, only to find the momo had moved a good 10% on me, and I'd bought the top of a spike up! oh boy...then by the time I could get out I'd wait another 15 seconds while I rode it down again. Retail brokers suck just for this reason. If you use a market order, you need a fast fill so you don't get the slippage that occurs when a stock is moving. With direct access, you're in very quickly and it's a definate edge. Even if you only trade occasionally with limit orders, direct access brokers are the way to go; since ANY excessive delay can cost you a great entry.

[Websman]

I'll be using the Mytrack account for short trades and OTC stocks. I'll keep using my tax free Sharebuilder account for my long trades.
It'll be lots of fun!

[Runner]

For a buy and hold it might be a little risky. Notice volume decreasing on a weekly chart. I have noticed how it bounces off the EMA 13 on the daily. I guess one could wait for a P/B to the EMA 13 and see how it acts. Target off the 4.48 bottom was 8.13 for impulse wave. Target for limit wave is 10.39.

For a day trade one might see if it gaps open and wait the first 30 minutes and if still rocking jump in (Stop under gap). Or wait for P/B to support around 8.60 and see if it holds. If that area is taken out look for another set up off intraday or find something else!

At this point I find it hard for me to jump in, but I’ll bump this one up on my list and jump in wait and see mode!

[skiracer]

Runner,
I think you're on to something with this one. Wish you would have mentioned it alot earlier. Missed out on a good portion of it's early run up the right side of it's cup. Still a nice stock and plenty of upside left with it for sure. Are you looking for an entry point?

[skiracer]

http://img230.echo.cx/img230/222/ptmk7uc.jpg (http://www.imageshack.us)
http://img21.echo.cx/img21/3566/ptmk25al.jpg (http://www.imageshack.us)

I like this one. It's been in an uptrend for awhile now and is due for some consolidation near resistance at 9.75. I would opt to wait to see if it pulls back at resistance. If it begins to form a handle then I would wait just alittle while longer to catch the breakout. It looks like it could be setting up perfectly for that at around 9.75.
Indicators all trending up.

[Runner]

Ski, why are your charts so huge. I can’t help you much about the cup and paddle. I’m not very familiar with it. I would also like to see PTMK turn sideways or P/B some. I need to purge my screen list and dump some of the slackers.

[skiracer]

I like to use the larger size charts. I think it makes it clearer to see. If it is bothering you guys I can easily reduce the size. No problemo. It's Image Shacks fault. I love that site. You can do almost anything you want to and not worry about the sizing.

Aside from all that I think that you have a really good stock play here with PTMK. My own feelings are that it is going to hit that resistance around 9.75 and that will stop it a bit while it consolidates these recent gains. Then I think you're going to see a nice breakout above that resistance. Very nice pick.

[New-born baby]

Ski,

We all love your posts. Keep putting them up! But yes, you could cut the screen size down and make us all happier. Helps us read the screen without scrolling left and right constantly.

Thanks for the recommends!

[skiracer]

New Born,
No problem.

[New-born baby]

Ski,

Thanks!

[New-born baby]

All,

I sold everything yesterday, and am in the process of moving over to Interactive Brokers. A cash move is supposed to take 4-8 business days. Let's hope it is just 4 days--I'll let you know. Looking forward to faster fills, streaming quotes from Toronto, penny a share (up to 500 shares, .005 cent thereafter) transactions. My thinking is that I am going to drop the size of my buys. Usually I pick up at least 1000 shares of anything. Now I may drop down to 100 share lots for awhile to build confidence, and test out some of the stuff posted by HUGE-ITES.

Spike, you got me out of Canada at .8083 USD to 1.00 CD, almost the peak. Peak was .8086, and current rate is .8044. THANKS!

Edit: .8012 by 8:45 a.m. CST. DOUBLE THANKS!

[New-born baby]

Somebody knocked Eli Lilly in the head both yesterday and today. Down another .72 in first 20 minutes today. OUCH!

[New-born baby]

VTIV: down to $18.99. Somebody is jumping overboard.

[New-born baby]

Ski--

Be careful here! I just looked at the chart, and I don't like what I see.

Click on image, then click again to enlarge.

http://img146.echo.cx/img146/8168/lar6ks.th.gif (http://img146.echo.cx/my.php?image=lar6ks.gif)

Careful here!

[Runner]

Newborn what ya think of this set up? lo

http://img101.echo.cx/img101/2914/ptkm22wa.png (http://www.imageshack.us)

[billyjoe]

New-Born,

Have you ever looked into TRLG ? I'm thinking about taking my small GOOG profits and buying a little TRLG. Am rebalancing to a Mr. Market type portfolio with no more than 7-10% in any one stock. Can't risk these after hours sell-offs any more.

billyjoe

[skiracer]

New Born,
I'm amazed at the drop in VTIV after the great earnings report. I called the information officer at the company, they are located right here in north Jersey, and he said he knew of nothing to prompt the selloff. I know it is a fundamentally sound company an I agree with your idea that someone is unloading a position of some size and that could be the reason for this drop. Anyway I'm waiting and watching for a bottom an a reversal. This could turn out to be a great opportunity for entry once it bottoms.

Runner,
PTMK looks like a winner to me. Just needs alittle time to consolidate some of these recent gains and maybe form some type of handle in the process after climbing the right side of it's cup. Again only time will tell and patience over the next few days will pay off. Keep an eye on it. My own opinion is that it will turn out to be a winner.

[skiracer]

New Born,
An ascending triangle has more of a level horizontal top line connecting the top high points, usually designating the resistance, with an upwardly sloping bottom line connecting the low points. Here is an example of the pattern from John Murphy of Stockcharts.comhttp://img46.echo.cx/img46/8049/asctri4sv.jpg (http://www.imageshack.us).

This isn't the best example but the top line should be horizontally level or very close to it. The bottom line must be upwardly sloping.

[New-born baby]

New-Born,

Have you ever looked into TRLG ? I'm thinking about taking my small GOOG profits and buying a little TRLG. Am rebalancing to a Mr. Market type portfolio with no more than 7-10% in any one stock. Can't risk these after hours sell-offs any more.

billyjoe

BillyJoe,

Here's how I see TRLG: a total momentum play. In the past, you could have had the "buy and hold" on this. But she has been skying pretty high, and may not stay up there long. It might have another shot of gas in the tank, but when it fails, I think it will lose $1+ in a day.

REMEMBER: I could be wrong.

Here's the chart:
http://img134.echo.cx/img134/6751/lar2cs.th.gif (http://img134.echo.cx/my.php?image=lar2cs.gif)

Click on image, then click again to enlarge.

Readers may want to want this one for a momo play. It could move nicely for a couple of days if it breaks out again. But I wouldn't walk away from the computer screen . . . .

Also consider the present market weakness.

[New-born baby]

Newborn what ya think of this set up? lo


Runner,

Nice ascending triangle. Should have bought it.
But I think this one still has gas left in the tank. I don't think she
is done just yet. Only thing I hate is the runaway gap, because I
think they are all about like ELN--they fill sooner or much later.

Here's a chart:
http://img142.echo.cx/img142/9922/lar6sd.th.gif (http://img142.echo.cx/my.php?image=lar6sd.gif)
Click on image, then click again to enlarge.

Runner--she's going to go higher!

[New-born baby]

GM LONG'

That's right! GM is offering a .50 divy to holders of stock by 5/16/05 close.
Current price $31 per share. And Dr. Kerkorian says he's going to buy a 10% stake in GM at $31 per share. A pretty safe play, I'd say. I think you can hold through the record date and at least get your $31 back and the .50 per share divy.

[Runner]

Runner,

Nice ascending triangle. Should have bought it.
But I think this one still has gas left in the tank. I don't think she
is done just yet. Only thing I hate is the runaway gap, because I
think they are all about like ELN--they fill sooner or much later.

Here's a chart:
http://img142.echo.cx/img142/9922/lar6sd.th.gif (http://img142.echo.cx/my.php?image=lar6sd.gif)
Click on image, then click again to enlarge.

Runner--she's going to go higher!

Newborn, I don’t think PTMK is done. It is in P/B mode. It has been performing as I anticipated. Will look for entry at latter time. Notice the nice market structure high @ 9.13.

[New-born baby]

New Born,
An ascending triangle has more of a level horizontal top line connecting the top high points, usually designating the resistance, with an upwardly sloping bottom line connecting the low points. Here is an example of the pattern from John Murphy of Stockcharts.comhttp://img46.echo.cx/img46/8049/asctri4sv.jpg (http://www.imageshack.us).

This isn't the best example but the top line should be horizontally level or very close to it. The bottom line must be upwardly sloping.

Thank you for the post. Anybody named "Skiracer" ought to know something about the slopes!

[Runner]

Newborn is was one of my trades today on PTMK. Bot @ 8.47 and sold @ 8.68. Noticed BB bands getting nice and tight and jumped on it when it popped up. Once the BB top was broken this is where I jumped out. Total time about 15 min.

Chart is a 3 minute chart
http://img70.echo.cx/img70/8238/ptmk28oj.png (http://www.imageshack.us)

[New-born baby]

Runner,

Nice trade. And nice camera work, too. I am glad you made some bucks today. Everything, and I mean everything, on my screen is red. (I don't follow PTMK). But I do follow FDG, and it is currently down about $5.50, and we have the 'slaughterhouse hour' (the final hour before close) ahead of us.
This last hour could be brutal today.

Oh, I do have one green stock: ELN. That thing, I could never figure out.

Keep up the good work, and the good posts!

[Runner]

Looking @ another possible set up on PTMK, bands getting tight!

[Runner]

http://img235.echo.cx/img235/8952/ptmk36da.png (http://www.imageshack.us)

[Runner]

Only took .05 cents on it this time.lo

[Runner]

I’m bullish on PTMK as long as lower blue line holds. This was what I’m keying on for intraday chart. (last chart)

http://img132.echo.cx/img132/3507/ptmk41rf.png (http://www.imageshack.us)

[New-born baby]

Only took .05 cents on it this time.lo

Runner--
If it isn't too personal, how many shares do you trade at once?

I am in the process of moving over to Interactive Brokers. Their lower commisions will allow me to daytrade a smaller number of shares. I used to always buy 1000 at a time, but I am thinking of daytrading with only 100 to build confidence and experience.

Any advice you want to push my way will be appreciated!

[Runner]

Newborn. I used 500 shares for this trade. Nothing wrong with going with 100 shares. In fact I still use 100. When market conditions look sick if I trade I’ll trade fewer shares. Many people will trade a fixed amount with each trade. I don’t do that. Now when the market is strong you go a little heavy, but still stops in place and honor them. Position sizing is part of the game.

I think it is a great idea that you take it slow and try to think your trade through. After your out save your charts and study it. This has helped me more then you could imagine.

Before you use IB study the platform. They have a real good tutorial. I made a huge mistake in the beginning. I meant to go long a stock and clicked the wrong button and shorted it. Hit me pretty good with that one. Also I recommend only trading 1 stock at a time.

I’m surely not an expert when it comes to D/T or anything as far as the market goes. But if you can get a nice hit rate going with that 2.0 or above ratio. I think you’ll be happy.

[Runner]

Oh yea I should also mention you must be careful with day trading if your account is under 25k. You could get your account frozen (T-3 Warning), I think you can trade 3-4 times a week with under 25k not sure so check it out.

[New-born baby]

Oh yea I should also mention you must be careful with day trading.

Thank you Runner!

I am trying to pick it up as fast as I can, and be as careful as possible. Others may laugh, but if I can pick up $20 on a trade, I sure don't cry. I look at it this way: I am gaining experience, confidence and $20. That's better than nothing. And it should pay more with time--I hope.

Thank you again!

[Websman]

Oh yea I should also mention you must be careful with day trading if your account is under 25k. You could get your account frozen (T-3 Warning), I think you can trade 3-4 times a week with under 25k not sure so check it out.

Here is the daytrading rule:

Beginning September 28, 2001 margin rules and requirements for one group of traders changed dramatically. The new rules apply to traders categorized as Pattern Day Traders (PDTs) who are defined as traders who make 4 or more day trades within a 5 day period, unless his/her day-trading activities do not exceed 6% of his/her total trading activity for that time period. Thus, if you have only 4 daytrades in a 5 day period but have done more than 67 trades during that time, then less than 6% or the trades were day trades and hence do not categorize a trader as a PDT.

A day trade refers to opening and closing a position within the same trading day. If you are in a position with one entry of 1000 shares though and take two exits of 500 shares each within the same day this is only considered one day trade. You could also be categorized as a PDT right away without waiting to see your 5 day record if your trading firm has reason to believe you will be a PDT. For instance, if they trained you solely to day trade.

There are several main changes which now affect pattern day traders. One is that PDT's must have a minimum of $25,000 to open a margin account as opposed to previous requirements of a mere $2000. Funds deposited into a day trader's account to meet the minimum equity requirement have to remain there for at least two business days following the close of business on the day the deposit was made. Many brokers now require all PDTs to have the minimum $25,000 even if they are trading from a cash-only account as the new rule is unclear about trading from cash accounts. It does clearly prohibit it and yet, neither does it state it is allowed

[B.J]

Webs, thanks for the explanation. And timely...

So happens I had that happen to me today. My 401K rollover (happens to have just over $25K) gave me a warning. "WTF" I said. I've done it four times this week, but only one of those was a trade within the same day. The other three were held overnight. I usually prioritize my eTrade account because obviously it is cheaper than my Schwab account. It appears I have some complaining to do :D

Plus, Webs, I offered my take to your entry question in the ELN thread.

[Websman]

Webs, thanks for the explanation. And timely...

So happens I had that happen to me today. My 401K rollover (happens to have just over $25K) gave me a warning. "WTF" I said. I've done it four times this week, but only one of those was a trade within the same day. The other three were held overnight. I usually prioritize my eTrade account because obviously it is cheaper than my Schwab account. It appears I have some complaining to do :D

Plus, Webs, I offered my take to your entry question in the ELN thread.

I'm suprised I haven't been warned about daytrading yet. That's a screwed up rule if you ask me. What ever happened to free enterprise? Isn't it our money to risk?

Thanks for the ELN post!
I'll try for an entry tomorrow.

[spikefader]

........others may laugh, but if I can pick up $20 on a trade, I sure don't cry. I look at it this way: I am gaining experience, confidence and $20. That's better than nothing. And it should pay more with time--I hope.
Thank you again!You are a genius for doing that. I absolutely encourage trading a ridiculously low number of shares when you're learning....so low you don't CARE what happens as far as the money. It's about getting a routine happening; focussing on the discipline of the plan, actually trading the plan and not letting emotion change your perspective. If you've got a P&L display, move it, switch it off, put tape over your monitor if you have to :D but you don't want to be looking at it - it's a distraction and irrelevant to the trade plan. Think r/r and entry and exit prices, target price, and absolute bottom line emergency exit, whether you're hard market order stop, or limit order stop that you may have to get cute with if the volume is thin and it drops quick. But intraday P&L inspection is a no-no until you are at one with your routine and method and discipline. Let's face it, we know how much we'll gain or lose on the trade, we don't need a blow by blow moment by moment dollar sign update flashing in front of us :D

Oh, and with that day trade restriction, if you have an IB you will note that the TWS platform will actually NOT LET YOU make that fourth day trade that will turn you into a 'pattern day trader'. You can try to submit the order, but it will reject it. So there is no chance of you being labelled a pattern day trader and then requiring you to bring your equity up to 25K before they let you trade again.

See here http://www.interactivebrokers.com/en/trading/marginRequirements/patternDayTraders.php
for this sentence:

".. therefore those customers without this minimum equity and who have completed three day trades within five business days will not be allowed to enter another trade"

[New-born baby]

Spike, Runner, et al--
Scottrade had me labeled a pattern daytrader the second day I was with them, so the limits aren't a problem. Unless I make some totally disasterous trades, I should be okay.

I just need to identify a universe of stocks to daytrade, and watch them very closely. That's where I think the next step is.

I plan to follow the Spike/Runner method of watching the intraday chart, enter at support, exit at resistance (if it won't break), and insisting upon getting a good r/r on every trade. I already (at least I think I am) very careful about stops, and having a plan. But of course, I am not saying that I am not open to instruction. I welcome anything you all post.

Thank you all for all you do! You probably can't image how much good this forum has done for me. It has made a HUGE difference in my bottom line.

[jiesen]

So there is no chance of you being labelled a pattern day trader and then requiring you to bring your equity up to 25K before they let you trade again.

See here http://www.interactivebrokers.com/en/trading/marginRequirements/patternDayTraders.php
for this sentence:

".. therefore those customers without this minimum equity and who have completed three day trades within five business days will not be allowed to enter another trade"

This sounds a little dangerous for those trading with under 25k, especially those who trade frequently, and with stops, but don't consider themselves PDT's. The effect of this rule on a really bad market day would be to cause someone who just stopped out 3x in a row to fail to be able to exit his 4th position that day at his stop. If he were using a significant amount of margin, and the market was taking a bad enough tumble, he might even be forced to sell as low as his margin call dictates, despite the perfectly "safe" stop he had planned (ignorant of the fact that it would be rejected by this new rule).

[spikefader]

This sounds a little dangerous for those trading with under 25k, especially those who trade frequently, and with stops, but don't consider themselves PDT's. The effect of this rule on a really bad market day would be to cause someone who just stopped out 3x in a row to fail to be able to exit his 4th position that day at his stop. If he were using a significant amount of margin, and the market was taking a bad enough tumble, he might even be forced to sell as low as his margin call dictates, despite the perfectly "safe" stop he had planned (ignorant of the fact that it would be rejected by this new rule).
You misunderstand the rule. You can EXIT as many trades as you like. Let's say you have built up 20 positions over a number of days/weeks, all the while, not getting to that 4th day trade situation. And let's say something happens today in the market that rockets it up to all your targets or plunges to all your stops, IB will still let you exit those positions without breaching the 4 day trade rule. While IB's rule will prevent you from opening your fourth daytrade within the given timeframe YOU CAN still exit/close/take profits/stop out as many trades as you like.

You just can't open a fourth day trade, since there is a possibility that you would close that trade on the same day you open it, which would mean you've completed your fourth daytrade and have to then be labelled a pattern trader and required to have 25K before you will be allowed to trade again. Get it?

Have a good one!

[jiesen]

You misunderstand the rule. You can EXIT as many trades as you like. Let's say you have built up 20 positions over a number of days/weeks, all the while, not getting to that 4th day trade situation. And let's say something happens today in the market that rockets it up to all your targets or plunges to all your stops, IB will still let you exit those positions without breaching the 4 day trade rule. While IB's rule will prevent you from opening your fourth daytrade within the given timeframe YOU CAN still exit/close/take profits/stop out as many trades as you like.

You just can't open a fourth day trade, since there is a possibility that you would close that trade on the same day you open it, which would mean you've completed your fourth daytrade and have to then be labelled a pattern trader and required to have 25K before you will be allowed to trade again. Get it?

Have a good one!

ok, I guess I misunderstood the rule. that makes some sense, except that if you were to initiate, say, 5 positions one day, they wouldn't be day trades until you sold them out that day. so the system would have to stop you from buying your 4th position, regardless of whether you planned to exit any/all of them that day. so how does someone then initiate 60 positions in a week he doesn't plan to sell for awhile without triggering this halt? is there a special flag that non-pattern daytraders use to designate trades they intend to exit that day?

this rule is pretty confusing... and I apologize if I'm just adding to the confusion!

[Websman]

this rule is pretty confusing... and I apologize if I'm just adding to the confusion!

Screw the rules! Let's go have a drink!!! Hahaha!!!

[spikefader]

Screw the rules! Let's go have a drink!!! Hahaha!!!LOL - ya, don't mind if I do Webs.

Hey Newborn, speaking of alcohol, you know the red wine that Jesus made from water........was it fermented? The bible says don't get drunk, so how many can a good Christian boy have do you think? 3 drinks in the first hour and 1 every hour after that? Just a couple to quench the thirst and relax the trading psyche? :) (I'm not being too serious here by the way)

...if you were to initiate, say, 5 positions one day, they wouldn't be day trades until you sold them out that day. so the system would have to stop you from buying your 4th position, regardless of whether you planned to exit any/all of them that day. so how does someone then initiate 60 positions in a week he doesn't plan to sell for awhile without triggering this halt? is there a special flag that non-pattern daytraders use to designate trades they intend to exit that day?

this rule is pretty confusing... and I apologize if I'm just adding to the confusion!Yep, you got it, the IB system prevents you from opening the 4th, no matter what, so you don't have to flag them as anything, since it doesn't matter if you open and close three on the same day. It's only the 4th that will make you cross over, and you are denied the 4th.

Good question about the 60 positions. I wonder whether IB will let you open 60 positions in one day assuming you have no day trades thus far. I'm assuming it will only let you open 3 each day. So it would take 20 days to open 60?? I don't know you'd have to check the website or call them.

My head hurts and I'm going to stop thinking about this :D :D

[ninner]

hey newborn i thought i would continue this discussion about holx on here...currently im not in holx but im watching it....in oneills books he says that the second shoulder has to be lower then the first shoulder for it to be a shs pattern to me it looked like a cup and handle forming with the handle just beginning to form(notice how the last 2 weeks the volume is drying up)....i could be wrong as well but like you said market weakness can destroy any breakout attempt and plummmet this stocks further however, im going to keep watching it!!

cheers

[jiesen]

My head hurts and I'm going to stop thinking about this :D :D

good idea, mine too!

I'm steering clear of PDT rules, regardless.

[New-born baby]

in oneills books he says that the second shoulder has to be lower then the first shoulder for it to be a shs. cheers

Ninner,
I strongly disagree (ONeil is a rich man; I am a poor man; you might do better to listen to him). However, according to "Technical Analysis of Stock Trends"
by Robt. Edwards and John MaGee, (7th Ed)--a college text book, if you will--p. 73 "Either shoulder may, in fact, go higher or take more time than the other. Either or both may come up nearly to the level of the head (but not equal, else no head and shoulders), or both may fall considerably short of it."

He goes on to say that the neckline can slope up or down, but if it slopes down, the power of the fall is much less than a hortizontal or upward sloping neckline. (HOLX slopes upwards).

We'll watch it, and see what happens. But I really believe in my heart that this baby is going to pull a CVH. The market is awful. And that volume dry up as it forms the right shoulder is a red flag.

If you invest in HOLX, I wish you very well. I just am too afraid of this one now, except to short the break.

[New-born baby]

hey, Ninner:

Please throw up another stock on the board for our consideration. At least it gives us a chance to study and grow in our knowledge.

[ninner]

exactly that is why i like your explanations ..makes u think about things and that is how we learn....i will give you 2.....one is an ugly one ....upl and the other is cbg....which is another one im considering investing in...

cheers

[New-born baby]

exactly that is why i like your explanations ..makes u think about things and that is how we learn....i will give you 2.....one is an ugly one ....upl and the other is cbg....which is another one im considering investing in...

cheers

Here's CBG. I think some insider is unloading shares at $35. We may run out of buyer before he gets done unloading shares. Looks weak to me.

http://img130.echo.cx/img130/323/lar7yt.th.gif (http://img130.echo.cx/my.php?image=lar7yt.gif)

Look at the RSI, Ninner. It had a six month long party. It is hung over now. I'd let it sleep it off, or when its ready, sell it short.

[New-born baby]

Ninner,

Here's ugly. Or should I say, "Double Ugly?"

http://img130.echo.cx/img130/2918/fdg2ia.th.gif (http://img130.echo.cx/my.php?image=fdg2ia.gif)

My view? No.

[ninner]

i will do some more research tonite and maybe post another one tomorrow....this market is sure ugly....hardly anything is working!!

[New-born baby]

Ninner,
Here's one that may be shortable.

http://img84.echo.cx/img84/6040/lar2jw.th.gif (http://img84.echo.cx/my.php?image=lar2jw.gif)

[New-born baby]

Ninner,

Here's ugly. Or should I say, "Double Ugly?"

http://img130.echo.cx/img130/2918/fdg2ia.th.gif (http://img130.echo.cx/my.php?image=fdg2ia.gif)

My view? No.

What did I tell you? Down $1.28 in first 3 hours. And now its in the gap--only imagination left to hold it up. Great short.

[New-born baby]

That loud thud you heard this morning about 9:30 EST was FDG falling again.
FDG has been hammered unmercifully after the descending triangle failed about 4 sessions ago. However, I want to alert readers to the possibility of picking up FDG when she drops below $66. I think it will be worth the $66 as it is splitting 3:1.

http://img207.echo.cx/img207/9963/lar5nm.th.gif (http://img207.echo.cx/my.php?image=lar5nm.gif)

[ninner]

yah u called that one...cvh is up today on decent volume!!!

[ninner]

tryin to decide whether to keep my 125 shares of upl i received from them splitting or sell while i still have a profit!!!

[New-born baby]

tryin to decide whether to keep my 125 shares of upl i received from them splitting or sell while i still have a profit!!!

Do you see the knife falling? If so, I'd get out of the way.

[New-born baby]

Take a look at this:

http://img56.echo.cx/img56/3539/lar6kl.th.gif (http://img56.echo.cx/my.php?image=lar6kl.gif)
Click on image, then click again to enlarge.

I like the base this stock is building. If it can breakout on heavy volume, it should make a nice momo play.

[Websman]

Take a look at this:


I like the base this stock is building. If it can breakout on heavy volume, it should make a nice momo play.

TZIX is worth watching. Thanks!

[ninner]

beautiful chart newborn......definately one to keep your eye on

thanks

[New-born baby]

Readers:

Look at this one:

http://img55.echo.cx/img55/6100/fdg4ww.th.gif (http://img55.echo.cx/my.php?image=fdg4ww.gif)
click on image, then click again to enlarge

That is the weekly. Now look at the daily:

http://img55.echo.cx/img55/9501/lar7zo.th.gif (http://img55.echo.cx/my.php?image=lar7zo.gif)

Ninner,
Have you got any money?

[New-born baby]

Here's my view:

http://img226.echo.cx/img226/6946/lar7sc.th.gif (http://img226.echo.cx/my.php?image=lar7sc.gif)

Ninner,
UPL lives or dies by the price. The Funds are selling their contracts as fast as they can. The Commercials (who actually use the oil) are buying at about 89% of the rate Funds are selling them. Daytraders are mildly selling oil right now. Sooner or later the Funds run out of contracts to sell. Then they have to start buying or remain on the sidelines. If they buy, another solid bounce.

[ninner]

hey newborn good analysis on oil and upl....personally i think upl is priced at 40 dollar oil rather then 47 so i think its cheap rightnow. what do you think of the hospital stocks....ie uspi or lpnt???

[ninner]

hey newborn i have a stock for you to do an analysis on ...that is google.....o sold half of my shares today....seems like its making new highs on lower volume..which i dont like!!! what do you think???

[New-born baby]

hey newborn i have a stock for you to do an analysis on ...that is google.....o sold half of my shares today....seems like its making new highs on lower volume..which i dont like!!! what do you think???

Hey Ninner,

I am out of town right now, and cannot post a decent answer for you until Friday nite or Saturday. Sorry for the delay. . . .

[New-born baby]

Ninner,

Here's my take on GooG. She's hotter than a firecracker. Channel targets $270. That's right. On both the daily and the weekly. I am not afraid of its current drifting higher on lower volume. I would say that is pretty much normal for it. You have to understand that there are no sellers from above. By this I mean that no one has paid more for the stock than it is currently selling for. No overhead resistance.

But when this thing breaks, I look for a $100 drop in a month. That ungodly gap will get filled. The question is just when, not if.

Click on image. Then click again to enlarge.
http://img285.echo.cx/img285/8074/fdg2ag.th.gif (http://img285.echo.cx/my.php?image=fdg2ag.gif)

[New-born baby]

Ninner,

Looks like it wants $48.50.

http://img285.echo.cx/img285/9716/lar9vy.th.gif (http://img285.echo.cx/my.php?image=lar9vy.gif)

[rickflyboy]

You guys were sure right about Google. It had a lot of upside from the $205 where I sold at.

[New-born baby]

Ninner,

I like it. $50 target--minimum. Looks strong.

http://img285.echo.cx/img285/9494/lar8an.th.gif (http://img285.echo.cx/my.php?image=lar8an.gif)

If market isn't an absolute disaster Monday/Tuesday, I look for a nice pop
out of it.

[escamarto]

I don't know if you guys here talk about penny stocks ?

But the hot pick of today was AMRE, picked by David Randolph on http://www.3stocksonfire.com/ and up 292% by the end of the session.

Another good one is NAUC, which is a new stock (pink sheet), but that I think will be the word of the day on the comming months. Their bussiness concept is great, they have shops where people go with their things and they sell it on eBay. AMRE is the major holder of NAUC.

This is just a trading ideia ;)

regards, and congrats on this website !

[ninner]

I agree that is pretty hot...however, im thinking that the gap is going to get filled sooner then later...then i think it will resume and upward trend!! I think cus google is a super growth stock that overhead resistance wont stop it once it fills that gap...just my 2 cents!!
Ninner,

Here's my take on GooG. She's hotter than a firecracker. Channel targets $270. That's right. On both the daily and the weekly. I am not afraid of its current drifting higher on lower volume. I would say that is pretty much normal for it. You have to understand that there are no sellers from above. By this I mean that no one has paid more for the stock than it is currently selling for. No overhead resistance.

But when this thing breaks, I look for a $100 drop in a month. That ungodly gap will get filled. The question is just when, not if.

Click on image. Then click again to enlarge.
http://img285.echo.cx/img285/8074/fdg2ag.th.gif (http://img285.echo.cx/my.php?image=fdg2ag.gif)

[ninner]

thanks for your comments newborn they are greatly appreciated!! Just to let you know i bought some uspi today at 45....so im hoping your correct in your target price....just curious....what book would you recommend on technical analysis...its seems pretty interesting.

cheers buddy

ninner

[New-born baby]

thanks for your comments newborn they are greatly appreciated!! Just to let you know i bought some uspi today at 45....so im hoping your correct in your target price....just curious....what book would you recommend on technical analysis...its seems pretty interesting.

cheers buddy

ninner

"Encyclopedia of Chart Patterns" by Thomas Bulkowski
"Technical Analysis of Stock Trends" by Robt. Edwards and John Magee

Or go to STOCKCHARTS.COM and go to chart school.

Me, I need a book, a highlighter, and a notebook.

What I'd like to do or see done here at MM site is a thread on TA. That is, a chart school right on this forum. We could easily identify patterns without leaving the site. I think it would be helpful. We are blessed by having Spike on board and giving us a running commentary on certain stocks. You can learn a lot from just reviewing his thread.

[New-born baby]

Ninner,

Here's my take on GooG. She's hotter than a firecracker. Channel targets $270. That's right. On both the daily and the weekly. I am not afraid of its current drifting higher on lower volume. I would say that is pretty much normal for it. You have to understand that there are no sellers from above. By this I mean that no one has paid more for the stock than it is currently selling for. No overhead resistance.

But when this thing breaks, I look for a $100 drop in a month. That ungodly gap will get filled. The question is just when, not if.

Click on image. Then click again to enlarge.
http://img285.echo.cx/img285/8074/fdg2ag.th.gif (http://img285.echo.cx/my.php?image=fdg2ag.gif)

Ninner,

GOOG closed at 255.45 today. I told you $270 is in sight.

[ninner]

yah you were totally right and i think its going way past 270....esp if it gets included in the s and p .....i think 350 is in sight. im glad i held onto half of my shares.....i hope it pulls back cus i will load up!! What do you think of cvh...i think its forming a double bottom pattern and it looks like a pretty constructive pattern to me....what do you think???

cheers

[New-born baby]

What do you think of cvh...i think its forming a double bottom pattern and it looks like a pretty constructive pattern to me....what do you think???

Ninner,
I think today is an important day for CVH. If it drops lower today, it could be
forming a descending triangle. That is bearish.

Click on the image for more bile. Click again to enlarge the bile.
http://img283.echo.cx/img283/9353/fdg6zt.th.gif (http://img283.echo.cx/my.php?image=fdg6zt.gif)

[New-born baby]

Ninner,
I think today is an important day for CVH. If it drops lower today, it could be
forming a descending triangle. That is bearish.

Click on the image for more bile. Click again to enlarge the bile.
http://img283.echo.cx/img283/9353/fdg6zt.th.gif (http://img283.echo.cx/my.php?image=fdg6zt.gif)

Ninner,

Do you hold CVH?
It is down about $.81 as I write at :20 CST. I do think she is forming a descending triangle.

Man is GOOG HOT! What a daytrader's stock!

[New-born baby]

Ok, Ninner,

Here's more bile. The chart below says she's going to head down for awhile. She has hit resistance 3 times in the last 4 days, and cannot punch through it. I think she is going to pullback to the $64 level again. Today's bearish engulfing candle--on higher volume, no less--is a leading signal of a short term trend reversal. By shortterm, we are talking 3-15 days in length. The current trend has been up. But today's candle says that she's going backwards for the next 3-15 days. Personally, I think she'll find support at $64 again. But be aware that CVH is working on a descending triangle, which is bearish. When support fails at $64, she can tumble hard into the upper $40's. And don't forget, that a bearish engulfing candle that occurs on higher volume has more power. So be on guard.

Click on bile filled chart; then click again to enlarge.
http://img22.echo.cx/img22/1826/fdg6tj.th.gif (http://img22.echo.cx/my.php?image=fdg6tj.gif)

You could daytrade this baby both ways; up, and then down. My question is: why not?

[New-born baby]

Ninner,

A little friendly warning to you in this chart. My opinion is that GOOG just had a blow off top today. That means a trend reversal to the downside.

Click on chart, and then click again to enlarge.
http://img77.echo.cx/img77/946/lar2ab.th.gif (http://img77.echo.cx/my.php?image=lar2ab.gif)

The daytraders are having a ball with this baby. Huge volume. It's the new TASR. By the way, TASR was up $.60 today, to $11. It was $128, and a few days ago $8, and is now having a real resurgence. Once the daytraders get bored with GooG, she'll come down. It will take several months, but it will happen.

If one shorted the GooG today at $265, he would already be $9 ahead of the game.

If you want to see what a blow-off top does to a hot stock, check out FDG. It hit $106, blew up, and is now less than $86 (was $73 last week).

And please don't think I am rooting against you, Ninner. I am just showing you the chart. "What it is, is what it is."

USPI looks great, doesn't it?

[New-born baby]

Ninner,

Here's the nice chart on USPI.

First target $50 Second target: $55.

http://img77.echo.cx/img77/3002/fdg5jj.th.gif (http://img77.echo.cx/my.php?image=fdg5jj.gif)

And maybe--just maybe--USPI may have more upside. But we have to evaluate her on a daily basis.

[spikefader]

Yep, concur on GOOG. This is the channel I'd be using.
http://img286.echo.cx/img286/3291/googday6pk.jpg (http://www.imageshack.us)

[ninner]

no i dont take it personally, yes i hold cvh, as well as uspi, tol, goog currently......actually im in quite abit with cvh so i have been thinking about taking some profits which i may do tomorrow, volume today for cvh was quite high on a down day like this so that is abit worrisome....i ll have to think about it more....i would like to volume dry up for uspi and base abit before breaking out...google is a tough one....i agree that gap has to be filled however, i dont think it will fall past 200 and with blow out earnings coming if it falls im betting that it will go back up again pretty fast!!!

cheers

[New-born baby]

Ninner,

I understand. Only the best to you. Meanwhile, I'll post my bile for your consideration.

Okay, I can't resist. Don't let your profits get away, ya hear?

[New-born baby]

CVH dropped $1.12 so far11 am EST. Descending triangle.

[New-born baby]

Here's the latest:

http://img195.echo.cx/img195/5189/chaart12aq.th.gif (http://img195.echo.cx/my.php?image=chaart12aq.gif)

[ninner]

yes good point....but where does it go from here.....i went to i watch today and over 70% of today volume was institutional driven and good buying support at 66.50. I believe strongly today was a accumulation day, however it will be interesting to see if it can hold support....i did sell a large portion for a small profit...(i felt i was too overweight in stock that im not sure what it is going to do) however, i still have a small pos in it incase their is still abit of upside!!!

cheers buddy

[New-born baby]

yes good point....but where does it go from here.....

cheers buddy

Ninner,
If it is a descending triangle, then it goes down. It goes down into the $50's.

I want you to make money. But CVH is showing a definite pattern of distribution.

What's your brokerage firm? IB?

[ninner]

hey newborn.....ya your right that is why i took most out today out of cvh.....after looking at it closer i see that descending triangle plus there are faults with the overall pattern. Good call!!! Im trying to run a screen of beat up stocks however, the company is still healthy!!! Im looking at elos....what do u think?? Also that opwv looks pretty promising....i think you mentioned that one last week....i may go into that one

[ninner]

another one im looking at is DATA.....IN A HOT GROUP!!

[New-born baby]

another one im looking at is DATA.....IN A HOT GROUP!!

Ninner,
We could work together. You do the FA, and give me 4-5 of the very best stocks in the hottest sector, and I'll do the TA, and perhaps we can make a stack of dead presidents.

How does that sound? Of course, when you list the symbols, I'd like a few reasons why that stock is fundamentally sound.

[New-born baby]

Ninner,
OPWV may be starting to run out of gas.

http://img213.echo.cx/img213/5060/opwv6ag.th.gif (http://img213.echo.cx/my.php?image=opwv6ag.gif)

[New-born baby]

Looks very unstable to a man without a cast iron stomach.

http://img213.echo.cx/img213/4527/fdg1dl.th.gif (http://img213.echo.cx/my.php?image=fdg1dl.gif)

[New-born baby]

Strike three today. Sorry about that.

http://img213.echo.cx/img213/3145/lar8zp.th.gif (http://img213.echo.cx/my.php?image=lar8zp.gif)

[New-born baby]

This is a most beautiful chart. LSTR looks good to me.

[skiracer]

I use alot of Briefing.com's swing trader column for his leads an I've had great success with a number of his leads. You just have to look at them real good and see if they are for you. Just trying to give some good examples of chart analysis and hopefully some decent setups for profit. Whether you make avail of any of this is up to each individual.

[ninner]

hey newborn, elos is in the medical system equipment area, specifically ISRAELI MANUFACTURER OF EQUIPMENT USED BY PHYSICIANS AND PRACTITIONERS FOR NONINVASIVE AESTHETIC MEDICAL TREATMENTS.They are a newer publically traded company (ipo august 2004), there revenues have increased quarter over quarter for the past 8 quarters

[New-born baby]

I use alot of Briefing.com's swing trader column for his leads an I've had great success with a number of his leads. You just have to look at them real good and see if they are for you. Just trying to give some good examples of chart analysis and hopefully some decent setups for profit. Whether you make avail of any of this is up to each individual.

It's good stuff, Ski. We want it!

[New-born baby]

hey newborn, elos is in the medical system equipment area, specifically ISRAELI MANUFACTURER OF EQUIPMENT USED BY PHYSICIANS AND PRACTITIONERS FOR NONINVASIVE AESTHETIC MEDICAL TREATMENTS.They are a newer publically traded company (ipo august 2004), there revenues have increased quarter over quarter for the past 8 quarters

Is this stock rated by IBD?

[ninner]

hey what do u think of Deckers outfoor corp....everyone seems to be betting against it. They have good ownership...according to my data management own 41%, roe 24%, smr rating by ibd is an A. THey have lots of cash flow , no debt. Seems like the sector is due for a rise really....what do you think

[ninner]

yes elos is rated by ibd....fundamentally its #1 out of the 94 stocks and gets good ratings through out however, being a recent ipo.....has put a red flag out for me....i like that opwv chart though......i am definately going to keep an eye on it esp here on a pull back!!!

[ninner]

another stock in a pretty hot sector ..nursing homes is odsy in feb they announced that they repurchased over 20 m in common stock...always a plus...fundamentally ibd rates them a number 1.....seems like its due for a rise due to the strength in that sector

[New-born baby]

another stock in a pretty hot sector ..nursing homes is odsy in feb they announced that they repurchased over 20 m in common stock...always a plus...fundamentally ibd rates them a number 1.....seems like its due for a rise due to the strength in that sector

Here's the chart. Looks like it has a little gas left in the tank.
http://img93.echo.cx/img93/6525/fdg2zi.th.gif (http://img93.echo.cx/my.php?image=fdg2zi.gif)

We need to catch the dogs when the bull flag forms. Have you got a screener that will do that?

[ninner]

no i dont but i will look closer for that bull flag...i have seen it before, still learning all those formations!!!

cheers

[ninner]

sorry to bug you with all this stocks newborn....what do u think of cdis???

[New-born baby]

sorry to bug you with all this stocks newborn....what do u think of cdis???

I'll chart it later. But you aren't bugging me.

[New-born baby]

sorry to bug you with all this stocks newborn....what do u think of cdis???

You tell me . . . .
http://img184.echo.cx/img184/3108/fdg6ry.th.gif (http://img184.echo.cx/my.php?image=fdg6ry.gif)

[New-born baby]

CVH today.

http://img184.echo.cx/img184/3396/fdg8uc.th.gif (http://img184.echo.cx/my.php?image=fdg8uc.gif)

[New-born baby]

It's that time of the year again, when the CEO of FRO hands out those delicious $3.50 dividends and free shares of SFL. The ex-divy date is June 3.

[New-born baby]

Ninner

Here's one for you:

http://img287.echo.cx/img287/8268/lar6mb.th.gif (http://img287.echo.cx/my.php?image=lar6mb.gif)
Nice $4 target. Caught it at the right time.

[New-born baby]

It's that time of the year again, when the CEO of FRO hands out those delicious $3.50 dividends and free shares of SFL. The ex-divy date is June 3.

Here's today's chart:

http://img287.echo.cx/img287/3774/lar5yn.th.gif (http://img287.echo.cx/my.php?image=lar5yn.gif)

[skiracer]

I thought for sure you would have been keeping an eye on PARL for at least a couple of days. It looks like it broke that resistance at 22.50 pretty good yesterday.

[New-born baby]

I thought for sure you would have been keeping an eye on PARL for at least a couple of days. It looks like it broke that resistance at 22.50 pretty good yesterday.

Ski,
My imageshack won't allow me to host my charts this morning for some reason. So I'll "just have to say it in words."

Nice job yesterday. $22.50 is now support. Needs to hold that today.
Next resistance: $25
2nd Resistance $27.00
Target: $30

That's right, $30.

What's wrong with that?

[New-born baby]

Ski
Pre-Market looks like PARL may open at $24. Bad. Those gaps at open will fill. Some are getting a little TOO excited. If you want to enter, wait for a pullback.

[skiracer]

I got back in at 22.65 yesterday after it broke resistance at 22.50. Sold out today at 24.10. Initially got in at 19.75 and sold off at 21.85. 3.55 gain on it this week on what was basically a breaking news play on my part. I thought for sure you guys were watching it and were looking for an entry. Jack be nimble Jack be quick is a good rule of thumb. Procrastrination will leave you out in the cold in this. Know what you are looking for and what you want to do beforehand and when the target entry triggers be ready to go and also to exit if the need arises.

[New-born baby]

Ski,

Here's today's chart on PARL. Beautiful thing.

http://img285.echo.cx/img285/3389/fdg5mf.th.gif (http://img285.echo.cx/my.php?image=fdg5mf.gif)
Remember, there is some resistance at $25, and again at $27. Be careful at both junctures.

[New-born baby]

http://img285.echo.cx/img285/9228/lar7zj.th.gif (http://img285.echo.cx/my.php?image=lar7zj.gif)

Could roll over next Monday-Tuesday-Wednesday. Or maybe she's going to bust the pattern. Who knows?

[skiracer]

New-Born,
Your charts are still not coming up bud, but it was a beautiful thing this week.

[New-born baby]

Here's a look at AA.
http://img16.echo.cx/img16/3234/chart14eu.th.gif (http://img16.echo.cx/my.php?image=chart14eu.gif)
Feb 2004 Jim Cramer pumped this one. I got burned on it. For nostalgic reasons I thought I'd check the chart out today. Is this a weak chart or what? Looks like GM a couple of months ago, BEFORE they declared their bonds and credit ratings as junk.

But mystery surrounds the chart. Will AA break the downtrend?
Note the bull flag that appeared last week. Change of luck?

[New-born baby]

I'll admit it: GooG is simply amazing. I thought we had a blow-off top three days ago, and today it went and outdid itself.

http://img16.echo.cx/img16/2218/owen7iv.th.gif (http://img16.echo.cx/my.php?image=owen7iv.gif)
Now I think old GooG will break resistance Monday and you know what that means: resistance now has become support. This rocket could break $300+.
Look at that MACD. Have you ever seen one this high? A moon shot by any measure.

Still: I am looking forward to riding it down when she does fall.

[New-born baby]

New-Born,
Your charts are still not coming up bud, but it was a beautiful thing this week.

Ski,
Old buddy, old pal, when I click the mouse on the chart, it comes up just fine. I wonder: is it your computer only, or does others on this forum have troubles with my charts? Could some others respond?

[ninner]

yes google makes me feel warm all night long....we are heading higher....i bought a small pos in deckers. symbol deck.... a few days ago..Im up abit right now this is a good company with a broken stock right now and lots of people are betting against it.....i feel this is unjust!!

cheers all

[ninner]

hey newborn ..what do you think of pten....

cheers and have a good memorial day holiday

[New-born baby]

hey newborn ..what do you think of pten....

cheers and have a good memorial day holiday
When I post a chart, do you click on it and does it work for you? I need to ask because you and Ski are probably the only ones on the entire net reading my bile.

[thebign1]

Ski,
Old buddy, old pal, when I click the mouse on the chart, it comes up just fine. I wonder: is it your computer only, or does others on this forum have troubles with my charts? Could some others respond?

N-BB, The charts are working just fine for me. Keep up the good work!
regards, thebign1

[dlb53151]

A couple of great picks with strong potential for a 15% pick-up in June:

KONG
EPEX
CKEC
WILCF
TFSM
FRO

[ninner]

yah when i click on your bile....i can view just fine!!!

[skiracer]

New Born and Ninner,
You're welcome to throw a couple of your picks into the game this week, but you both knew that already. There are no entry fees and the more participants the better. More figuring and math on my part but no big deal with that. Looking forward to your entries this week. Could I be any more subtle?

[ninner]

hey there skiracer ill join this week ...im not sure where do to post.....so i will post here.....my picks are Deck and dgin

cheers

[B.J]

Look at that MACD. Have you ever seen one this high? A moon shot by any measure.


Newborn, while I agree, keep the MACD in perspective. Of course a stock trading for 200-something will have a double-digit MACD because their MA's can be 5-10 points apart. Some other stocks:

CME is 6 (looks like $$MM$$'s plan is starting to come together)
SEB is 55
BRK/A has recently been -1500

[New-born baby]

A couple of great picks with strong potential for a 15% pick-up in June:

KONG
EPEX
CKEC
WILCF
TFSM
FRO

DLBXXXXX, Please tell us why they will pick up 15% in June. I take it the techical analysis doesn't point it out right now. At least in the case of FRO.
So please post your reasoning so we might invest also.

[New-born baby]

New Born and Ninner,
You're welcome to throw a couple of your picks into the game this week, but you both knew that already. There are no entry fees and the more participants the better. More figuring and math on my part but no big deal with that. Looking forward to your entries this week. Could I be any more subtle?

Ski,

Gotta love anybody that can Ski in May. But I have to put you off a week because I am going to be quite tied up all week. Maybe next week, but thank you for the invite. And for all your posts, too.

[New-born baby]

Ninner,

Okay, you hit the ball this time!

http://img36.echo.cx/img36/139/lar8zi.th.gif (http://img36.echo.cx/my.php?image=lar8zi.gif)

Now what does this chart mean? Look at my next message.

[New-born baby]

Rectangle patterns:

http://img36.echo.cx/img36/1224/fdg2ec.th.gif (http://img36.echo.cx/my.php?image=fdg2ec.gif)

More rare these days, but powerful patterns.

Do you realize Ninner that you have just picked a stock with a $32.50 target?
HHHMMMMMMMM??????

[skiracer]

New-Born,
Throw a couple of darts and post them here. I'll take care of the rest for you while your doing whatever you have to do. Couldn't make it any easier. Think about how nice it would feel to sit on top of that leader board with your name up there in capital letters and lights.

[New-born baby]

New-Born,
Throw a couple of darts and post them here. I'll take care of the rest for you while your doing whatever you have to do. Couldn't make it any easier. Think about how nice it would feel to sit on top of that leader board with your name up there in capital letters and lights.

Alright. But please forget the capitol letters and lights. I am trying to be humble. Just throw money . . . .

My losing picks for the week:

FRO

PTEN

[skiracer]

New -Born,
My most humble and gracious thank you. Best of luck and would love to see you win.
Thanks for going along with all of this.

Ninner,
Are you listening?

[B.J]

Do you realize Ninner that you have just picked a stock with a $32.50 target?
HHHMMMMMMMM??????

Newborn, how did you derive the 32.50 target? Does it represent 20% over a resistance break?

[ninner]

hey there skiracer ill join this week ...im not sure where do to post.....so i will post here.....my picks are Deck and dgin

cheers
hey ski buddy....i gave my picks for the week....my sleeper pick DECK and one i am hoping will have a good week DGIN!!!

cheers

[ninner]

hey newborn ...no i didnt realize that however, after looking at alot of charts...i noticed the drilling group as a whole had consolidated so i thought i would look at some charts....and pten did look appealing because of its consolidation pattern and the length in general....after doing more digging...pten fundamentally is a good company and with ibd giving it a A SMR rating...i figured that this may be a good pick. Also, with oil probably sticking around 48-50 range...some of the big oil players will be looking to drill for more oil which will mean more business for that group!! HAHAHA i guess im batting like 1-10 right near the mendoza line....i need to pick up the pace!!

cheers

thanks for the explanation of that pattern i love learning new things on the technical side !!! Very interesting!!
Rectangle patterns:

http://img36.echo.cx/img36/1224/fdg2ec.th.gif (http://img36.echo.cx/my.php?image=fdg2ec.gif)

More rare these days, but powerful patterns.

Do you realize Ninner that you have just picked a stock with a $32.50 target?
HHHMMMMMMMM??????

[New-born baby]

hey! HAHAHA i guess im batting like 1-10 right near the mendoza line....i need to pick up the pace!

Don't flatter yourself, Ninner. Mendoza hit .200. :)
http://img240.echo.cx/img240/6842/mendoza1ut.gif (http://www.imageshack.us)
How about posting the rest that IBD has to say about PTEN. Okay, they give it an A rating. But how about others in its segment? Give the top five in that segment. And what sector is hottest of the 197 industry groups? List the top five sectors, and the top five stocks within those sectors. That might help the batting average. As it is now, you are fit only to play starting shortstop for the Chicago Cubs.:(

[Runner]

Ninner,

Okay, you hit the ball this time!

http://img36.echo.cx/img36/139/lar8zi.th.gif (http://img36.echo.cx/my.php?image=lar8zi.gif)

Now what does this chart mean? Look at my next message.

PTEN is 1 of 4 stocks returned from my EMA scan. I see a play above current base or wait for P/B retest of line

http://img28.echo.cx/img28/9468/pten9ac.png (http://www.imageshack.us)

[Runner]

Newborn, what pattern is has PTEN moved out from? Notice the ideal entry point would have a trader happy!!

[Runner]

These are the only returns for my EMA scan

ETR HLEX OCCM PTEN STGS

[New-born baby]

Newborn, what pattern is has PTEN moved out from? Notice the ideal entry point would have a trader happy!!

All readers note: the pattern is the most beautiful "Ascending Triangle." It is very bullish.

[Runner]

last chart intra perspective

http://img127.echo.cx/img127/4854/pten6hk.th.png (http://img127.echo.cx/my.php?image=pten6hk.png)

[New-born baby]

Readers:

Here's a cup with handle chart for you.
http://img151.echo.cx/img151/8318/fdg2ps.th.gif (http://img151.echo.cx/my.php?image=fdg2ps.gif)
I like the prospects of this chart. Excellent volume dry up. Nice bull flag pennant formed the last three days. You have to say it is one bullish
chart. 22 accumulation days, 7 distribution days in last 29. NINNER--watch this one.

Current support is $18. Just stand back and watch it. If it breaks out, jump on the band wagon for the ride.

[New-born baby]

Here's FDG. Great company, shakey chart.

http://img151.echo.cx/img151/2552/fdg7fl.th.gif (http://img151.echo.cx/my.php?image=fdg7fl.gif)
I haven't the guts to buy this one. Has a nice divy coming on June 29. Still, the choppy chart with descending triangle spells trouble. And I am also concerning that it is approaching limits that shout "sell me now!"

[ninner]

i am looking to get into sgtl.....this sucker im thinking is pretty close to teh bottom...maybe a few points left to go and then there is huuuge upside potential ......im thinking im going to test it on tuesday with a small buy and see how it does...!!

[New-born baby]

i am looking to get into sgtl.....this sucker im thinking is pretty close to teh bottom...maybe a few points left to go and then there is huuuge upside potential ......im thinking im going to test it on tuesday with a small buy and see how it does...!!

Ninner,
Look at the chart. See the downtrending channel?
Until there is a price break of that channel, I'd stay clear. NGPS went from $50 down to $14, and lots of people (including some on this board) got burned. Let the thing hit bottom and base, and then trend upwards. SGTL tried to base last week, and that base failed. That will probably happen a few more times.

Compare it to NGPS on the next post, and see what you think.

http://img181.echo.cx/img181/287/owen3cn.th.gif (http://img181.echo.cx/my.php?image=owen3cn.gif)
(Then consider F instead :) )

[New-born baby]

Ninner,

Here's NGPS. Look at the headfakes. Look at the lying MACD--2.5 months of lies! Blood all over the place. Looks like a battlefield--and it was. It is straightened out now, and flashed a buy signal two days ago. (Target: $35) But a lot of people got chewed up in those five months.

http://img181.echo.cx/img181/831/owen3xa.th.gif (http://img181.echo.cx/my.php?image=owen3xa.gif)
I try not to lead any charges. Let others do that. I want to follow the crowd--safer that way.

[New-born baby]

Here's a cheap stock that offers a lot of upside: F.

Yeah, hard to believe, isn't it? But look at the inverted
S-H-S pattern! And with gaps for resistance! SPIKE, WHERE ARE YOU?
http://img213.echo.cx/img213/1272/chart19yu.th.gif (http://img213.echo.cx/my.php?image=chart19yu.gif)

[Runner]

I’m interested in comments of this intra day chart of HOC

http://img191.echo.cx/img191/8310/hoc8qs.th.png (http://img191.echo.cx/my.php?image=hoc8qs.png)

[New-born baby]

I’m interested in comments of this intra day chart of HOC

http://img191.echo.cx/img191/8310/hoc8qs.th.png (http://img191.echo.cx/my.php?image=hoc8qs.png)
What entry do you want? You sold half at $38.50. Do you want to know where you SHOULD have purchased? At the second retest at $36.70.

Here's the WEEKLY on HOC. Intraday, it looks great. But the weekly calls for $50.
http://img163.echo.cx/img163/2010/chart11mu.th.gif (http://img163.echo.cx/my.php?image=chart11mu.gif)
1st Target: $45
2nd Target: $50

[Runner]

Your getting awesome NB, here is one more. I did not trade it, but looking over charts.
http://img171.echo.cx/img171/2341/bgc9bu.th.png (http://img171.echo.cx/my.php?image=bgc9bu.png)

[Runner]

What entry do you want? You sold half at $38.50. Do you want to know where you SHOULD have purchased? At the second retest at $36.70.

Here's the WEEKLY on HOC. Intraday, it looks great. But the weekly calls for $50.
http://img163.echo.cx/img163/2010/chart11mu.th.gif (http://img163.echo.cx/my.php?image=chart11mu.gif)
1st Target: $45
2nd Target: $50

Newborn, my question was based off the intraday chart. Where from that chart would you think best entry was from, Once TGT is hit 50% is sold as a hedge. Greed has burned my butt before!!

[New-born baby]

Newborn, my question was based off the intraday chart. Where from that chart would you think best entry was from, Once TGT is hit 50% is sold as a hedge. Greed has burned my butt before!!

If I understand you correctly: you want to re-buy into HOC AFTER you have already sold 50% of your position at $38.11. My answer: I wouldn't look to re-buy, but if I did, it would be at the touch of the 5 minute moving average.
See arrow on chart.
http://img217.echo.cx/img217/7044/runner0jx.th.gif (http://img217.echo.cx/my.php?image=runner0jx.gif)

[Runner]

NB, at this point I'm thinking the prudent thing might be to wait for a possible retest of the Primary Bull line? Could it retest them pop the 40.00 range en route to higher ground?

[New-born baby]

Runner,

NOW I get it! I am slow! Please forgive me.

HOC looks to have clear sailing to $40. She's above support and below resistance. Tuesday, I would watch the open, buy the first pullback, and let her ride. I don't know what kind of market we will have, but the volume on HOC is quite low, so she can be volatile.

http://img216.echo.cx/img216/7392/chart18bf.th.gif (http://img216.echo.cx/my.php?image=chart18bf.gif)

[Runner]

I understand my charts may not be understood very easily, but notice what happened with HOC with the first Candle above the 200 dma. I’m thinking market conditions could pull it down, but we shall see. The retest is a great example that the bulls wanted to bring it up and people were willing to pay higher prices. I have also noticed prices will often rock after the 2nd retest, but like anything else that only works when it does..

[New-born baby]

I understand my charts may not be understood very easily, but notice what happened with HOC with the first Candle above the 200 dma. I’m thinking market conditions could pull it down, but we shall see. The retest is a great example that the bulls wanted to bring it up and people were willing to pay higher prices. I have also noticed prices will often rock after the 2nd retest, but like anything else that only works when it does..

Runner,
There's other chart readers out there that see this bullish chart, and the potential for the $50 ringer (25% gain!). They are going to pay the price now to get on board before the train leaves the station. As long as the price movement upward is orderly, HOC is going to much higher.

[Runner]

Having stumbled over this bull/bear line I’ve found that retests have offered a low risk entry with tight stops in place. If stopped out it is below the primary bull line and I’d rather not stay around. This simple pattern works with all time frames. I’ve recently have been using it on intraday charts. ELN was a very good example of what I call the double retest or touch and go..

[New-born baby]

Having stumbled over this bull/bear line I’ve found that retests have offered a low risk entry with tight stops in place. If stopped out it is below the primary bull line and I’d rather not stay around. This simple pattern works with all time frames. I’ve recently have been using it on intraday charts. ELN was a very good example of what I call the double retest or touch and go..

I'd like to read more about the bear/bull line. Where did you stumble over it?

[Runner]

Newborn, having looked over many charts I’ve noticed the power on lines. I could suggest a book that does mention it. In fact this book is what I’ve tailored my trading from. “Secrets of the Underground Trader”, by Jea Yu and Russell Lockhart. Site is www.undergroundtrader.com. I think this book has opened my eyes, but so has the Elliott Wave book, however EW requires more extensive training.

[New-born baby]

Newborn, having looked over many charts I’ve noticed the power on lines. I could suggest a book that does mention it. In fact this book is what I’ve tailored my trading from. “Secrets of the Underground Trader”, by Jea Yu and Russell Lockhart. Site is www.undergroundtrader.com. I think this book has opened my eyes, but so has the Elliott Wave book, however EW requires more extensive training.

How was the bear/bull line drawn?

[skiracer]

What entry do you want? You sold half at $38.50. Do you want to know where you SHOULD have purchased? At the second retest at $36.70.

Here's the WEEKLY on HOC. Intraday, it looks great. But the weekly calls for $50.
http://img163.echo.cx/img163/2010/chart11mu.th.gif (http://img163.echo.cx/my.php?image=chart11mu.gif)
1st Target: $45
2nd Target: $50

I looked at the weekly on HOC. The stock looks pretty good. Has been climbing steadily. Pretty good chance of some consolidation of those gains pretty soon. I would wait for that to happen first before considering an entry. You seem pretty sure it's going to 45 or 50. What do you base that on? I can see the stock going up more but that's 12.5 more points approx. from it's close on Friday. What's the time frame on $45 or $50. I would like to see what you base it on in the weekly chart.

[New-born baby]

I looked at the weekly on HOC. The stock looks pretty good. Has been climbing steadily. Pretty good chance of some consolidation of those gains pretty soon. I would wait for that to happen first before considering an entry. You seem pretty sure it's going to 45 or 50. What do you base that on? I can see the stock going up more but that's 12.5 more points approx. from it's close on Friday. What's the time frame on $45 or $50. I would like to see what you base it on in the weekly chart.

2nd target calculation:http://img243.echo.cx/img243/2958/chaart16nt.th.gif (http://img243.echo.cx/my.php?image=chaart16nt.gif)


1st target calculation:
http://img243.echo.cx/img243/4292/owen4wg.th.gif (http://img243.echo.cx/my.php?image=owen4wg.gif)

Reality check chart:http://img243.echo.cx/img243/1969/runner0ou.th.gif (http://img243.echo.cx/my.php?image=runner0ou.gif)


Time frame: I don't know. I am just giving you Dow Theory off the weekly charts :) I am not aware of any kind of theory or teaching that can tell how long it will take to reach targets. That is in the domain of God alone.

[B.J]

Thanks Newborn! Lots of excellent ideas.

[ninner]

HEY NEWborn what do you think of usak???

cheers

[New-born baby]

Here's a D-Day pick:
http://img172.echo.cx/img172/5396/siri1li.th.gif (http://img172.echo.cx/my.php?image=siri1li.gif)
Meets the criteria for a double bottom, and looks like a nice swing trade to me. Entry: $45.20 on + volume
1st Target: $47.50

[New-born baby]

HEY NEWborn what do you think of usak???

cheers

Ninner,

Sorry it took so long to answer. Just too busy last week to do any MM much at all. Here's a chart:
http://img172.echo.cx/img172/8828/siri0ke.th.gif (http://img172.echo.cx/my.php?image=siri0ke.gif)
USAK has much potential. It is working on a cup with handle, and may
be a very good winner for you. If you are aggressive, and like to hold for a couple or six months or more, you could enter at some pullback. Otherwise, it needs to break resistance at $26.50

[ninner]

no worries newborn.....i figured u were busy as i will be this week. it caught my attention last week like you i think it will correct abit here...but i have it on my watch list

cheers bud

[New-born baby]

I am moving my posts about NGPS over to my thread. Here's a chart of today's action:
http://img243.echo.cx/img243/1153/siri6zg.th.gif (http://img243.echo.cx/my.php?image=siri6zg.gif)
The pullback today is not surprising. I hope the pullback is done here, although it may pullback more deeply. Yesterday's $4 gain couldn't stay unchallenged by the bulls. Target remains at $32.50.

[B.J]

NGPS moving! Congrats, Newborn!!

[New-born baby]

NGPS moving! Congrats, Newborn!!

Thank you,BJ.

Here's the chart with today's action:
http://img70.echo.cx/img70/5609/siri2oq.th.gif (http://img70.echo.cx/my.php?image=siri2oq.gif)

What we see happening is the formation of a continuation pattern for NGPS. The pennant that formed after the sharp increase in price Monday signals a continuation of the current trend is ahead.

It is well that NGPS forms a base here before moving higher. Target remains at $32.50.

[Runner]

FUEL did awesome today. I think it would count as a hot stock of the day!

[New-born baby]

FUEL did awesome today. I think it would count as a hot stock of the day!

Runner,
She ain't done yet, either.
http://img300.echo.cx/img300/2556/chart29ru.th.gif (http://img300.echo.cx/my.php?image=chart29ru.gif)

[New-born baby]

I think tomorrow she spikes upwards, perhaps near $1.
http://img300.echo.cx/img300/1489/chart38mo.th.gif (http://img300.echo.cx/my.php?image=chart38mo.gif)

[Runner]

Still looking @ LTON and DSTI. missed DSTI but LTON is coiling up like a snake. NGPS is doing the same!

[New-born baby]

Still looking @ LTON and DSTI. missed DSTI but LTON is coiling up like a snake. NGPS is doing the same!

Here's a chart: http://img259.echo.cx/img259/7751/chart17jx.th.gif (http://img259.echo.cx/my.php?image=chart17jx.gif)
Looks ready to buy tomorrow a.m. If no gap up, you are ready to run.
Probably should have purchased it today on the full pullback to the base
of the flag pole. I bet you tomorrow she explodes.

[Runner]

I’m interested in comments of this intra day chart of HOC

http://img191.echo.cx/img191/8310/hoc8qs.th.png (http://img191.echo.cx/my.php?image=hoc8qs.png)

This one had a nice day!

[Runner]

Does look like a possible low risk entry into LTON

[Runner]

PTEN is 1 of 4 stocks returned from my EMA scan. I see a play above current base or wait for P/B retest of line

http://img28.echo.cx/img28/9468/pten9ac.png (http://www.imageshack.us)

What the PTEN!!!

[Runner]

These are the only returns for my EMA scan
ETR HLEX OCCM PTEN STGS

PTEN STGS did pretty good

[Runner]

Only 2 stocks returned today from EMA scan

ABT and ANSS

[New-born baby]

Only 2 stocks returned today from EMA scan

ABT and ANSS

Here's the best one--in my mind:ABT
http://img253.echo.cx/img253/840/chart15mg.th.gif (http://img253.echo.cx/my.php?image=chart15mg.gif)
Right sector; strong chart.

Here's ANSS: still looks good
http://img253.echo.cx/img253/6843/chart26zk.th.gif (http://img253.echo.cx/my.php?image=chart26zk.gif)

"After careful consideration, I am going to purchase ABT on the first
pullback of the morning." Leonard http://img253.echo.cx/img253/2679/siri9yj.th.gif (http://img253.echo.cx/my.php?image=siri9yj.gif)

[Runner]

http://img93.echo.cx/img93/9671/abt2au.th.png (http://img93.echo.cx/my.php?image=abt2au.png)
http://img93.echo.cx/img93/2927/anss3dy.th.png (http://img93.echo.cx/my.php?image=anss3dy.png)

[Runner]

Runner,
She ain't done yet, either.
http://img300.echo.cx/img300/2556/chart29ru.th.gif (http://img300.echo.cx/my.php?image=chart29ru.gif)

Fuel might look attactive today. Moving in pre trading

[Runner]

Newborn, ANSS is trying off the 33.52 area. I passed on ABT today, but will keep an eye on it..

http://img186.echo.cx/img186/8527/anss6mk.png (http://www.imageshack.us)

[ninner]

what do you guys think of unt......i bought some today at 41.30 on the market weakness....

[Runner]

Took my .45 and closed ANSS.

[Runner]

ABT is now looking ripe!
http://img186.echo.cx/img186/9718/abt6uu.png (http://www.imageshack.us)

[Runner]

Green line= SMA 200 3min. chart

http://img186.echo.cx/img186/579/abt3ov.png (http://www.imageshack.us)

[Runner]

using 48.90 as trigger line! ABT

[Runner]

Sold ANSS to soon!!LOl

Out of time on ABT. Will not take a position today

[New-born baby]

what do you guys think of unt......i bought some today at 41.30 on the market weakness....

What?! You actually bought a stock I like? I feel dizzy . . . .
http://img159.echo.cx/img159/1444/chart19gg.th.gif (http://img159.echo.cx/my.php?image=chart19gg.gif)
Got a win-nah, got a win-nah!

Looks like $47.50 is coming back in style! Just in time for summer!
Congrats to you, Ninner!

I also marked the previous double top to show you how that the Dow Theory forecast its fall to $37.50. Now Dow Theory says she's headed back to $47.50.

[Runner]

SKS was the only scan return today. I guess the weekly chart looks ok

[New-born baby]

SKS was the only scan return today. I guess the weekly chart looks ok

NGPS was on fire today. Did you buy any?

[Runner]

Newborn, I did not trade NGPS, but nice move and good call on on your charts of NGPS!