Steckler's Star Studded Stock Picks

[spikefader]

I posted on MM's groundhog five day that the SPX failed at the top rail at least two days ago....Now you want to tell me things are getting ugly Spike? How timely.

Gee Jim; a tad terse there. Wassup dude? Besides, seems you're a little off course and got yer facts wrong dude. I've been swing short bias the market since the night before your own timely call . Check out my thread if you need to. I post my market bias regularly on my own thread, and you're welcome in there any time to share ideas on market direction. Also, note that little link down the bottom of my posts that says "where's the market headed?"....well click that and you'll know my bias too. I'm sure others can attest to the fact that it's been bearish for days dude. And additionally, I wouldn't call the last four days ugly. I'm talking U-G-L-Y, as in extreme fear ugly, as NB and I discuss often enough in my thread. That's what I'm talkin' about.

As Lye might be tempted to say in the face of your curt arrogance; 'check your facts before you go posting crap dude'. But I'll fergive your newbie ignorance in the spirit of this forum.

[Jim Smith]

I checked out your charts Spike, good stuff..... a newbie mistake on my part.....I am getting a little chaffed over this 77 wins in a row business.....for two reasons: I think the liklihood is small. I mean, I don't think Bill Miller of Legg Mason, the best money manager vs the SPX wins that frequently and second, what's the purpose of a sticky telling me 77 wins in a row? Am I supposed to buy the newsletter?.....Spike, you're work seems on par with Rob in my book.....I can't expect folks to take my posts as seriously since I don't add charts.....I am a bit of a boat rocker and I think the role is needed some times because group think is a bad thing.

[DSteckler]

Better to be a boat rocker than a John Rocker....<g>

[Lyehopper]

Better to be a boat rocker than a John Rocker....<g>

Nothing wrong with John Rocker.... I like the dude.

[DSteckler]

Not if you're from Queens!

[spikefader]

I checked out your charts Spike, good stuff..... a newbie mistake on my part.....I am getting a little chaffed over this 77 wins in a row business..... what's the purpose of a sticky telling me 77 wins in a row?
.....Spike, you're work seems on par with Rob in my book.....I can't expect folks to take my posts as seriously since I don't add charts.....I am a bit of a boat rocker and I think the role is needed some times because group think is a bad thing.

That's cool dude. Appreciate that reply. Boat rocker is fair nuff cuz majority view is often wrong! heh I know I'm wrong often enough anyway. I just like to be wrong for a short period of time heh It's all good in the hunt for truth, liberty, and a bigger trading account.

As for MM's stickies and claims, you've got to appreciate them for what they are. MM is very transparent about what he does; even when he messes up and fails to sell at a target or picks a loser from the get go. The fact is that his model uncovers some real gems; something confirmed by the Creme of the Crop series I've ventured to post on (even with crop 3 stopping out today).

As to whether or not winners in a row is something MM has a right to brag about is obviously a topic of much contention. I am satsified it's a valid claim, at least for the ones I've witnessed, cuz I've seen him post his entries and exits.

Sure there are naysayers who say bagholding the losers makes his winning streak invalid. I'm not gonna offer an opinion beyond saying that diversification is MM's answer to bagholding opposition. If he can be long-term profitable by diversifying and holding some dead ones, then more power to him. I gotta respect the discipline and plan-following he's displayed since I've been witness to his antics and superior stock picking prowess

By the way, as I see it much of the hype is just for fun, and what is wrong with that in the face of all the Yahoo hatred and seriousness of the market and many forums in cyberspace today?

Best to ya Jim, and look forward to your posts.

[dmk112]

Not if you're from Queens!

Where in Queens? I grew up in Queensbridge myself.

[DSteckler]

I'm from da Bronx originally, not Queens. Still have friends living in Queens, though, and they were plenty POed at Rocker when he crapped all over the #7 train!

[DSteckler]

Small symmetrical triangles

AMR - daily chart is overbought but weekly chart still has some room to run. Lower oil prices may give AMR a boost. Downside volume the past 3 days has been much lower than upside volume.

RBAK - very extended here, almost 2X the 200DMA. Some trades below 17.30 should set up a quick test of the 20-day EMA, currently around 16. Solid support at the 50DMA, currently around 14.65.

[DSteckler]

Volume &lt; 7 million, ERG &gt; 250

CTRN - daily technicals weakening but the 20-day EMA is holding as support. Nice rising trend channel going back to early October. Volume has been drying up during the recent consolidation range.

ADAM - symmterical triangle and weakening daily technicals. It made a stochastic pop on 12/14 that reached its price objective (25% - 50% gain within 6 weeks) on 12/27. Holding above the 20-day EMA but this MA hasn't been good support for a few months. A breakout in either direction should be good for 2.50 - 2.75 points.

[DSteckler]

MRVL bottoming out?

MRVL appears to be holding on just above its 20-day EMA. Daily technicals close to bottoming as well although weeklies are still overbought. ERG = 278 and estimates the next two quarters are up 70.83% and 55.56% respectively, YOY.

[DSteckler]

Asei

Nasty bearish engulfing bar yesterday but pre-market, ASEI will open up 10% with a gap, above yesterday's high. Was stopped out yesterday for a small gain but now I wish I hadn't been!

[DSteckler]

GGB slowing down

SAO PAULO, Brazil, Feb 8 (Reuters) - Brazilian steelmaker Gerdau (GGB.N: Quote, Profile, Research)(GGBR4.SA: Quote, Profile, Research) posted a fourth-quarter net profit of 730.5 million reais ($332 million) on Wednesday, down from 749.1 million reais in the same period in 2004.

Earnings before interest, taxes, depreciation and amortization, a measure of cash flow known as EBITDA, fell to 1.04 billion reais from 1.29 billion reais a year earlier.

Gerdau, which has operations in both South and North America, posted a net profit of 3.2 billion reais for the whole of 2005, compared with 3.23 billion reais in 2004. ($1 = 2.2 reais)

[New-born baby]

Nasty bearish engulfing bar yesterday but pre-market, ASEI will open up 10% with a gap, above yesterday's high. Was stopped out yesterday for a small gain but now I wish I hadn't been!

This one has proved to be quite a pick! Nice call.

[DSteckler]

Who'd a thunk it?

PGE continues to churn higher.