Steckler's Star Studded Stock Picks

[Trevormore]

Lstr

Following thru from yesterdays breakout.....target 47

[Trevormore]

Flir

Slow to get going today....no followthru on the attempted breakout yesterday...as long as she maintains her daily uptrend (above 25.50 or so) I'll stick with it and wait for the pop.

[DSteckler]

Stochastic pop on LSTR yesterday, Trevormore.

[DSteckler]

GNTA warming up

GNTA has risen to the 61.8% retracement level of the 2/8 -2/14 pullback. A close above 3.10 should set up a test of the February high.

[DSteckler]

AIR - symmetrical triangle. ERG = 266 and estimates are up 71% and 88% respectively YOY, the next two quarters.

ARRS - consolidating after the gap higher two weeks ago. ERG = 261 and estimates the next two quarters are up 320% and 109% respectively, YOY.

SIRF - symmetrical triangle.

AGR - very low ADX (13.3 and it broke out this morning.

SIRF on the verge of breaking out.

[DSteckler]

Alks, Smtl

Picked up some more ALKS on this pullback. SMTL is breaking out of a falling flag and is trading at the high of the day.

[Trevormore]

Alks

Dave...Pacific Growth, whatever firm that is, downgraded ALKS today to neutral from Buy, thus the decline. Fwiw. Probably cuz they want in.

[DSteckler]

Probably so.

[New-born baby]

Aci

Dave...Pacific Growth, whatever firm that is, downgraded ALKS today to neutral from Buy, thus the decline. Fwiw. Probably cuz they want in.

Yeah, last Nov/Dec I owned ACI at $60. When it hit $68 some analyst downgraded ACI. It returned to $63 for about one or two days. Then it zoomed up to $88. This looks like a nice buying opportunity tomorrow.

[Trevormore]

Vlo

Crude and Unleaded gas came roaring back near the end of the trading day today, both closed up after being down considerably. Bank of A reduces estimates by approx 60% on refiners causing them to spill the beans this morning. I am making a risky call here, but I think VLO can easily recoup its $1.50 loss over the next few hrs (this afternoon and tomorrow morn). Long VLO at 53.90. Bank of A wants into the refiners just like PG wants into ALKS....lol.

[DSteckler]

June crude bounced but is closing in on its 200DMA. A close below the MA could send crude down to $57 - $58/barrel.

[Trevormore]

I just don't see it Dave. I guess my bet on VLO is based on crude moving up. Too many bullish things happening in this world for crude to fall much....I could be wrong....but I see crude rallying over the next couple of months and Unleaded gas soaring. Like paying that $3 a gallon last year? I think its deja vu all over again this coming summer. That said, I am down about 40 cents from my entry, but not worried.....yet.

[DSteckler]

Trev, the move down from 1/31 to 2/16 was a corrective wave A. The move up from 2/16 to 2/24 was a corrective wave B. If the 2/16 low gets taken out then the move from 2/24 down will be wave C. Assuming A = C, that projects a low around $55.70.

[Trevormore]

Oil

Not gonna happen Dave.....lol. I'm not saying we don't get some wild one day probe down into the 50's on oil, because anything can happen in the real short term....but a corrective move down to 55 or so.....what would be the catalyst for that? Well, I guess Iran could renounce their nuclear intentions, the Nigerian warlords might decide that playing the bongo's are more fun, Iraq Sunni's amd Shia's might find love, Chavez in Venezuela might realize Belafonte is a nutcake, and the refiners themselves could postpone their Spring maintanence. Maybe. Doubt it. Doubt all of it. Matter of fact, since I'm on such a roll right now, I'm gonna predict that all this stuff pretty much comes to a head in the next 30 days and we see a pretty nice energy spike. That'll tank the living crap out of this market if it happens.

Alright...I'm not a doom and gloomer. Maybe the mkt doesn't tank...but crude is set to go much higher because of all the chaos in this lovely world. Thats my bet.

[DSteckler]

Never say never. Or as Bearmove used to say, expect the unexpected <BG>.