Hot Pick Of The Day

[New-born baby]

AXR--for those who want to know.

I am not trying to be a jerk. I am trying to give an accurate TA on AXR.

AXR's action today, falling $4.12, brought it very, very close to support. That means that decision time for AXR is very, very close. On the chart below, you can see that support is in the $47.25-$47.65 area. That would be the best entry now IF you insist that AXR is going up. (That is not my opinion). I should also mention that a 38.2 fib retracement of the 6 month up move by AXR is exactly $49.14--you'll note that AXR closed at $49.15. It is doubly criticial that AXR hold the line right here. And it is possible she may do so.

But if she doesn't, in my view, today's action also made a head and shoulders top formation on AXR, and if the support at $47.25-$47.65 fails, the price target will be $30. It should be noted that the PnF chart has already identified $30 as a minimum target. Looking at the chart, one does not find significant support there, and the bottom most likely would be lower. One also needs to note that there is significant overhead resistance as identified by the long price by volume stick at $52.50 X $55.00. That means it will take a tremendous bull charge to crack that cement wall of resistance.

And look at that second chart. At $39.34 there is very powerful support:
1. The Golden Rule retracement of 61.8%
2. Support on daily chart as evidenced by price action
3. Weekly chart shows a 'highs to lows' line runs across here.
That means $30 might be too far to fall without a tremendous fight right there at $39.34 or thereabouts.

Since there is no option chain, careful money management is the only safeguard a stock holder has.

[DSteckler]

<< 1. The Golden Rule retracement of 61.8% >>

Golden Mean, not golden rule.

[New-born baby]

Thanks, Dave

<< 1. The Golden Rule retracement of 61.8% >>

Golden Mean, not golden rule.

Those crackpots I hang out with (on the internet, mind you) always say "Golden Rule," so I picked it up. I'll make an effort to say "Golden Mean."

[jiesen]

Those crackpots I hang out with (on the internet, mind you) always say "Golden Rule," so I picked it up. I'll make an effort to say "Golden Mean."

is that the "those with the means make the gold." rule? or was it something else? I forget...

[New-born baby]

Golden Rule

is that the "those with the means make the gold." rule? or was it something else? I forget...

It's "he who has the Gold, makes the rules." That's the one

[New-born baby]

Short the Dog down!

GYI is a smoking hulk of a stock. Ugly to the extreme, it currently has a target of $41, and frankly, looks like it could exceed the target. Sell the calls, buy a put, short the stock, or do it all, because she's coming down.
Look at the Ugly Weekly:


The daily:

[New-born baby]

Aa

AA
They have done it again: they missed projections by a penny, and look for this dog to dive.

It is also my opinion that this earnings season will signal a large drop in the market. Be prepared.

[New-born baby]

Joyg

JOYG
Awful chart, and still has not bottomed. $42 target. Or lower.

[jiesen]

Here's one - NVEC

http://finance.yahoo.com/q/bc?s=NVEC&t=5d&l=on&z=m&q=l&c=

this should be fun to watch tomorrow...

[jiesen]

oh yeah,

and here's why:

http://news.yahoo.com/s/ap/20060710/ap_on_hi_te/magnetic_memory

Freescale unveils magnetic memory chip

DALLAS - Achieving a long-sought goal of the $48 billion memory chip industry, Freescale Semiconductor Inc. announced the commercial availability of a chip that combines traditional memory's endurance with a hard drive's ability to keep data while powered down.

The chips, called magnetoresistive random-access memory or MRAM, maintain information by relying on magnetic properties rather than an electrical charge. Unlike flash memory, which also can keep data without power, MRAM is fast to read and write bits, and doesn't degrade over time.
Freescale, which was spun off of Motorola Inc. in July 2004, said Monday it has been producing the 4-megabit MRAM chips at an Arizona factory for two months to build inventory. A number of chip makers have been pursuing the technology for a decade or more, including IBM Corp.


Sometimes referred to as "universal" memory, MRAM could displace a number of chips found in every electronic device, from PCs, cell phones, music players and cameras to the computing components of kitchen appliances, cars and airplanes.


"This is the most significant memory introduction in this decade," said Will Strauss, an analyst with research firm Forward Concepts. "This is radically new technology. People have been dabbling in this for years, but nobody has been able to make it in volume."


Electronic memory is ubiquitous in today's world, but each flavor of memory-chip technology has different strengths and weaknesses. Often times, a single device has multiple types of memory chips to take advantage of the benefits of a particular technology.


Static and dynamic random access memory chips, used in PCs and elsewhere, are fast but lose data when the power is switched off. Flash memory chips, which are commonly found in music players, cameras and cell phones, retain information but are slower and degrade over time.
Bob Merritt, an analyst with Semico Research, said memory makers are hunting technology that will be faster, smaller, cheaper and retain data when the power is off to help run portable computers and cell phones.
"The older memory technologies are awkward to work with in a mobile computing environment," Merritt said. "This is a significant step forward and absolutely critical for moving into the smaller forms that consumers and industry want."


Ultimately, the technology could displace the RAM found in PCs, enabling systems that boot up immediately because data don't have to be reloaded into the memory chips.


Freescale has been working on the technology for nearly a decade, said Saied Tehrani, who directs the Austin-based company's MRAM program. He said Freescale already has customers, but he declined to name any.
Freescale said it isn't interested in high-volume markets but will license its patents to other companies.


The first markets for MRAM chips are likely to be in automotive and industrial settings, where durability is critical. Tehrani said they would also be suited for data-logging devices, such as airline black boxes that store data on aircraft performance and must be recoverable after a crash.
MRAM is one of several emerging technologies that could replace established chips, at least in some applications.


Texas Instruments Inc. and other companies are working with Colorado-based Ramtron International Corp. to develop higher-capacity chips using FRAM, or ferroelectric random-access memory. It also retains data in the absence of electricity.


Though FRAM has been commercially available for several years, its use has been limited to niche applications. A TI spokesman said FRAM could be embedded in TI's digital signal processors or microcontrollers.


Most of the companies working on MRAM have touted prototypes and research advances but have been quiet about commercial production plans. That could change after Freescale's announcement.


"Freescale is the first one that says, 'I'm ready to take orders,'" said Merritt, the Semico analyst. "Other companies will start to say, 'Here's where I am in my program.' We'll see who shows up."

[New-born baby]

Jiesen

Hey, thanks JIESEN for the heads up on NVEC! One to watch for sure.

Chartwise, it seems to me that NVEC needs to bust $18 on volume to turn that overhead resistance into support. Certainly the news is great; but the chartist is supposed to listen only to the chart. If I listen to the chart, then the chart is saying, "Buy at support, sell at resistance." Note that yesterday NVEC sold at resistance (long candle wick that touches the $18 resistance line).

My advice: no options here to help out, so wait for the $18 bust on volume.

[New-born baby]

Hd

HD is at the make or break point. PnF says "its already broken; $26 is in the cards." This chart shows the double bottom. It needs to break the $35 support, and imho, it will. IF it does, then there is enough overhead resistance to hold HD down for a very long time. Shorters paradise.

You could sell the $35 calls, sell the $37.50 calls, buy a $37.50 put, buy a $35 put, short the stock, or all of the above. I think it is going lower.

Tom, here's some options plays for you:
Sell the AUG $35 call:just $1.35
Sell the JAN $25 call: $10.80
Buy the JAN $35 PUT:$2.25
Sell the NOV $30 call for $5.90 and short the stock (covered put).
Cheapskate special: buy the $30 JAN put for $.65

[New-born baby]

Joyg

JOYG
Awful chart, and still has not bottomed. $42 target. Or lower.

JOYG took a hammering today.

[jiesen]

Hey, thanks JIESEN for the heads up on NVEC! One to watch for sure.

Chartwise, it seems to me that NVEC needs to bust $18 on volume to turn that overhead resistance into support. Certainly the news is great; but the chartist is supposed to listen only to the chart. If I listen to the chart, then the chart is saying, "Buy at support, sell at resistance." Note that yesterday NVEC sold at resistance (long candle wick that touches the $18 resistance line).

My advice: no options here to help out, so wait for the $18 bust on volume.

NVEC is breaking out, 18 seems to be right around the corner...

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

[alice4321us]

Right on Money

HD is at the make or break point. PnF says "its already broken; $26 is in the cards." This chart shows the double bottom. It needs to break the $35 support, and imho, it will. IF it does, then there is enough overhead resistance to hold HD down for a very long time. Shorters paradise.

You could sell the $35 calls, sell the $37.50 calls, buy a $37.50 put, buy a $35 put, short the stock, or all of the above. I think it is going lower.

Tom, here's some options plays for you:
Sell the AUG $35 call:just $1.35
Sell the JAN $25 call: $10.80
Buy the JAN $35 PUT:$2.25
Sell the NOV $30 call for $5.90 and short the stock (covered put).
Cheapskate special: buy the $30 JAN put for $.65

Great Call on HD. The support was broken and lets see where she goes now?