Jim's cycle trades

[DSteckler]

Chart looks like crap....<VBG> EPS estimates for the upcoming quarter are -11% vs. year ago.

[Jim Smith]

LOL,,,,,yeah, POT looks a bit iffy.....but, if found support at the 100 day moving average.....you just can't grow corn without a ton of fertilizer.....many tons

[Jim Smith]

CSCO is the tell.....Cramer has it right.....CSCO to $25.....stay long this market until CSCO hits $25, then bolt......we're going to rock until Memorial day

[New-born baby]

Pot

LOL,,,,,yeah, POT looks a bit iffy.....but, if found support at the 100 day moving average.....you just can't grow corn without a ton of fertilizer.....many tons

I like the looks of POT. It's a gambler's play . . . .
1. Right at resistance at the close. IF POT can bust that $90 resistance tomorrow, we are looking at a target of $116. Intermediate target is $98 . . .
with an option chain of pure gold! The $90 MAY call is $4.50 . . . .
2. If you like this stock, sell that APR $90 PUT and see if they won't pay you to own this one . . . they'll give you $1.55 to take it off their hands by Friday . . . and if POT moves higher, as I suspect, you'll have to formulate another plan to acquire this stock.
3. IF it busts that $90 resistance, look at the support you'll have under it. Tremeeeeeeendous price by volume support, senor

4. IF POT drops below $84, time to head for the exits or find some kind of a port for the head and shoulders top-type storm to follow . . . The daily and weekly are both saying they can turn on you like a shoplifter with a knife . . . .You best look at this second chart before you buy . . . there is real danger here, Cheri.

Or a real chance to profit. You see, that JAN $90 call is selling for $11.30. IF POT can't bust resistance and breaks the neck, it's free money . . . .
One of the things bothering this stock is the oil price. That's right, they use petroleum to make fertilizer.



Weekly shows symmetrical . . . .

[mrmarket]

here's an ethanol play the market hasn't caught onto YET>........POT

Do you know how hard corn crops are on the soil? I am a farmer from way back....Corn is brutal on the soil you have to rotate the crops because of it....there's going to be a shit load of demand for fertilizer....pardon the pun....I see POT jumping 50%

Very true.

[Jim Smith]

NLY....coming out of a nice long base....if the fed is done, this stock, and most interest rate sensitives, should do well.

[Jim Smith]

GOOG.....long the June 390 calls.....I believe this is a $600 stock

[mrmarket]

GOOG.....long the June 390 calls.....I believe this is a $600 stock

could be Vegas money for me...I'll take a look.

[Jim Smith]

MWY.....tremendous insider buying

[Jim Smith]

LAB....I mentioned this one here at $11....

[gerihearne]

great thread

Jim, this is a great thread.
You're giving us pearls ...
you the man!

((personally, if i had some money not tied up .. i'd throw it on goog and pot))

love your posts,
geri

[Jim Smith]

WEBX....long

[Jim Smith]

ALL....bought in the pre market.....I expect a repeat of last year with a run into mid July then you gotta get out for the hurricane season....there's 8 more points here....plus, you'll get at least one dividend.

[Jim Smith]

NTRI....cup and handle breakout

[Jim Smith]

INTC....is there a more dispised stock? I am seeing a divergence in MACD and this stock's price....put me down for a big move UP UP UP.....target $25.....plus, there's a crap load of April 20 puts that need killing.