Hot Pick Of The Day

[Runner]

I sure was wrong on ANTP. Glad I bailed @ 24.75

[New-born baby]

RTI--Runner style

Here's a point and figure chart on RTI. You know, the one Runner likes.
Well, the target is $39.50 for the bullish triple top formation. Look for yourself.

[New-born baby]

A China doll: CHT

Here's one with a nice target:

Current price: $21.50
Target: $34.50
Let's see, what's the possible percentage gain? 60%. Is that good?

[Runner]

SCHN

SCHN- may have put in MSH last friday. Short term target for me is 26.33

[Runner]

Sorry for those holding NGPS!!

[New-born baby]

Bounce and die

Sorry for those holding NGPS!!

Well, I got "stopped out" today. Just as well--I need to kick myself for
not heeding the volume dryup last week. My intuition told me that she was going to fall down on me, but I talked myself out of believing the chart.

In any case, I think she is going to shoulder-head-shoulder me, and then fall hard. We have a pretty good support level at $22.50, but whether it is worth anything will depend upon the market news.

Here's the chart:

[Websman]

Sorry for those holding NGPS!!

It'll come back. I don't have many shares so I'll hold one more day.

[jiesen]

Sorry for those holding NGPS!!

no worries here! I'm in it for the long haul.

[New-born baby]

Ngps

no worries here! I'm in it for the long haul.

Here's the chart:

http://img190.echo.cx/my.php?image=chart19ti.gif

[Runner]

Newborn you stuck to your plan and that is what matters. Sure if NGPS sets up again your can always buy it back. You would be surprised how many trade with out an exit strategy. This strategy also includes the max pain you will allow against your position. I was surprised with the sudden drop. Only signal I got was the slight drop below the trend line. I have seen several stocks volume dry up and then bust to the upside, this was not the case with NGPS today. What happened with this pup? Did the MM drop the bid for the big dogs? Who knows, but we all now NGPS took a nice little spill. How many are now waiting in ambush to stalk this puppy off an intra day set up?

If this puppy does pop tomorrow don’t get into the “I should have held it for another few days”, this is when the hope it moves up comes into play. Then after that its like “man now I’ve really got a mess here and I got no choice but to hold it”. The truth is nobody can assure anything in the markets except that everyday some are on the wrong side of the trade.

Once my stop gets hit I’m gone period.. In fact most times I will drop the sucker from my screen and move on to the next one. ANTP is one recently that I blundered pretty good, but It’s history now. The challenge I think in this game is to trade well. The cash will come for those who trade well. We all expect to win, but how we act when we lose is what makes the difference. IMO

[mooddude]

If this puppy does pop tomorrow don’t get into the “I should have held it for another few days”, this is when the hope it moves up comes into play. Then after that its like “man now I’ve really got a mess here and I got no choice but to hold it”. The truth is nobody can assure anything in the markets except that everyday some are on the wrong side of the trade.

That's exactly why I sold ERS today for a 27% quick gain. We'll see what happends tomorrow. Didn't want to hope for something more while risking what I've already got.

[Runner]

Mooddude, nice profit with that one. I once herd somewhere you never go broke in this game taking a profit. 27% is one awesome gain, great job!!

[Websman]

NGPS came within .19 of my stop loss point. That's why I'm still in. I allowed for an 8% loss rather than my usual 5% because of the smaller size of position.

Let's see if it recovers tomorrow.

[New-born baby]

Schn

SCHN is setting up like I expected; I hope it carries through. I might be aggressive and buy this dog down at $22.

[New-born baby]

Good work, Spock

NGPS came within .19 of my stop loss point. That's why I'm still in. I allowed for an 8% loss rather than my usual 5% because of the smaller size of position.

Let's see if it recovers tomorrow.

Those Vulcan ears came in real handy to hide those shares of NGPS. Congrats to you for holding. Still think she is going to form the classic shoulder-head-shoulder bearish pattern. Be careful.