Steckler's Star Studded Stock Picks

[DSteckler]

DSTI has some pretty good support right around 12 - 12.25.

The daily technicals are starting to soften on NSSC.

[DSteckler]

Crdn

CRDN has formed a symmetrical triangle and the daily range is tightening. ADX has been decreasing for several weeks. Today is a Cooper 1-2-3-4 set up with the trigger one or two tick above yesterday's high. Estimates for the next two quarters are up 43.90% and 187.50% respectively, YOY.

[DSteckler]

Drrx

Took profits on DRRX. Will reenter around 5.

[DSteckler]

BBC breaking out

Back above its 50DMA. If it stays above the MA, I'm looking for a test of 17.30.

[DSteckler]

Back in DRRX

Bounced smartly off the 200DMA and running into a resistance zone from December. Decided to jump back in even though it was at a higher price than where I sold it this morning.

[skiracer]

Bounced smartly off the 200DMA and running into a resistance zone from December. Decided to jump back in even though it was at a higher price than where I sold it this morning.

Dave,
Got alittle anxious this morning on that initial gap down huh. Me to but I held on. Where did you sell at and where did you re-enter. Just curious. I'm still holding from $5.506.
I'd love to see it bang through that resistance at $5.85/5.90 area. Decent volume today so far. Everytime I get to optimistic an express it they end up pissing on my calf.

[DSteckler]

Dave,
Got alittle anxious this morning on that initial gap down huh. Me to but I held on. Where did you sell at and where did you re-enter. Just curious. I'm still holding from $5.506.
I'd love to see it bang through that resistance at $5.85/5.90 area. Decent volume today so far. Everytime I get to optimistic an express it they end up pissing on my calf.

Sold this morning in chunks between 5.31 and $5.35. Bought back in between 5.55 and $5.61.

[Trevormore]

Ntes

Been beating the drum on NTES for the past month.....they report tonight. Because of all the uncertainty regarding the NTES officer that was accused of taking kickbacks, and the credit card snafu that may have cost NTES up to $7 million, I am lightening my load considerably going into the announcement at 8 pm tonight. Which is easy to do since this thing is pushing above 75 today. My target was 80, and I will hold a few shares to make it interesting, but i just have a funny feeling now that they are ready to speak to us. This thing probably woulda been a homerun for me had I waited to sell, but my gut says otherwise.

[DSteckler]

JLG breakout

On heavy volume. Climbing a rising trend channel within a trend channel; first resistance level (solid lines) is around right around today's high and the second level (dashed lines) is around 61.50.

http://www.ttrader.com/mycharts/display.php?p=38782&u=dave&a=MyCharts&id=690

[New-born baby]

Another play

Been beating the drum on NTES for the past month.....they report tonight. Because of all the uncertainty regarding the NTES officer that was accused of taking kickbacks, and the credit card snafu that may have cost NTES up to $7 million, I am lightening my load considerably going into the announcement at 8 pm tonight. Which is easy to do since this thing is pushing above 75 today. My target was 80, and I will hold a few shares to make it interesting, but i just have a funny feeling now that they are ready to speak to us. This thing probably woulda been a homerun for me had I waited to sell, but my gut says otherwise.

You could have sold the $75 MAR calls for $5.20 and thus nabbed $80.20 for this winner. Man, this one has a great option chain!

[DSteckler]

DRRX update

Closed just below the 50% retracement level of the move down from the 2005 high to the 2006 low. Once 5.70 is taken out on a closing basis the next resistance level is the 61.8% retracement level, around 6.10.

[Trevormore]

Ntes

Blow's away estimates.....LOL....musta been something I ate at lunch that caused by concern......oh well....money is money....just didn't make as nearly what i should have....cest la vie

[DSteckler]

Cooper 1-2-3-4 candidate for Friday

OATS. Came out with great earnings and a rosy forecast last week.

[Adam]

On heavy volume. Climbing a rising trend channel within a trend channel; first resistance level (solid lines) is around right around today's high and the second level (dashed lines) is around 61.50.

http://www.ttrader.com/mycharts/disp...yCharts&id=690

DSteckler,

I'm holding JLG march $55 call options. currently in the money 10% profit. I'm questioning whether to hold closer or till expiration, or to sell into the next show of strength. Do you have an opinion to share with me?

Much appreciated,

Adam

[DSteckler]

Adam, as the calls get closer to expiration, they'll start moving in lockstep percentage-wise with the stock's move. Watch for when that happens and at that point, you might want to sell them. Also, if JLG weakens you might want to lock in the profit.