Steckler's Star Studded Stock Picks

[DSteckler]

One for this morning

RAI - smoke 'em if ya got 'em, boys! RAI has hugged its 20-day EMA all the way up from $80, back in October. A small symmetrical triangle has formed the past few days.

[DSteckler]

VPHM moving nicely

On news of a fast track approval for a new drug.

[spikefader]

RAI - smoke 'em if ya got 'em, boys! RAI has hugged its 20-day EMA all the way up from $80, back in October. A small symmetrical triangle has formed the past few days.

I take it you meant long for RAI? It seems to be getting sold heavily on that gap down though...

[DSteckler]

No, short. "Smoke 'em" as in getting smoked. RAI broke below the support line of the symmetrical triangle; the triangle was about 4 points high so the target is 101 - 4 = 97.

[spikefader]

No, short.

Pffff lol Come on Steckky......that don't pass the smell test lol You gave a bullish observation of hugging support.

[IIC]

Sorry Dave...I have to agree w/ Spike...I took it that way too...Doug(IIC)

[DSteckler]

I should have been clearer in my original post; sorry for not doing so. My comment re: the 20-day was that it had held as support since October. I assumed everyone has a chart they can look at and could see the break.

[DSteckler]

Gold looking bearish

XAU has formed a bearish engulfing bar on the daily chart. If the 20-day EMA fails to hold as support, there isn't much to stop it from falling to the 50DMA.

[DSteckler]

Yesterday's C1234 selections

Aren't looking too good today! None reached the price where risk = reward so Friday's lows are still the exit price.

[IIC]

Aren't looking too good today! None reached the price where risk = reward so Friday's lows are still the exit price.

Not a whole heck of a lot looks good to me right here...IIC

PS...The IIC 100 is 13up 84dn 3uncgd right now

[spikefader]

...I assumed everyone has a chart they can look at and could see the break.

I have a chart....

What break are ya talkin' about? The only break I see is when the market opened on the gap down. Come on Stekky, fess up dude.
lol

[Lyehopper]

Pffff lol Come on Steckky......that don't pass the smell test lol You gave a bullish observation of hugging support.

Spike, I think he was saying that RAI broke the support it had been "hugging" since $80, then broke down out of the triangle.... Thus "smoke em".

Of course I had been watching RAI so my mind was thinking "short" anyway.... I can see where one might read the post and initially think the opposite. RAI does look like a pretty good short right now imo.... Chart's got a couple of nice gaps below to shoot for too.

[DSteckler]

<< What break are ya talkin' about? >>

Spike, I was in touch with a PM at a mutual fund before the market opened and he told me RAI was going to gap open lower.

[DSteckler]

C1234 loser

Stopped out of WHQ for a 3.1% loss.

[DSteckler]

Sector rotation

One of my Rydex models is exiting Energy Services today and going into Precious Metals. As of yesterday the trade was up 14% since entry on 12/13 but likely will close lower today.