Jim's cycle trades

[Jim Smith]

CAMH...interesting bulletin board stock

I normally don't trade these but this has a very interesting story....Sales staff is ramping as HMOs approve reimbursement for the test.....

[Jim Smith]

MRK....b/o

looks like a huge H/S breakout.

[mrmarket]

I normally don't trade these but this has a very interesting story....Sales staff is ramping as HMOs approve reimbursement for the test.....

I've owned CAMH before and like it.

[Jim Smith]

Giving you pearls here

Mentioned MRK long and LRCX short last week.....

[New-born baby]

Mentioned MRK long and LRCX short last week.....

LRCX: busted neck on head and shoulders top targets $34. Textbook perfect formation, neckline busted on volume. Excellent call. A real pearl.

[peanuts]

Mentioned MRK long and LRCX short last week.....

Thank you, Jim. What do you think of the possibilities that the action in LRCX was just a gap fill and the price may stabilize here, or even go up?

[Lyehopper]

Thank you, Jim. What do you think of the possibilities that the action in LRCX was just a gap fill and the price may stabilize here, or even go up?

Peanuts.... Posting a (marked up) chart with that would have been very nice....

[peanuts]

Peanuts.... Posting a (marked up) chart with that would have been very nice....

must I do EVERYTHING!?!? Fine, have it your way:



I even added a squigly comment... I just love to see those

[Jim Smith]

GRB....long

Loving the action here.....this is a longer term hold....

[Jim Smith]

AMGN....triple bottom

long AMGN today

[Jim Smith]

Gotta be a stock picker now

MRK: I am looking for $49 by Thanksgiving
GRB: I think it can get back to its all time high early 2007
CAMH: Ditto on the all time high early 2007
AMGN: I have a $74 target mid August then higher in October
GLG: I like gold

[Jim Smith]

Isrg

huge pennant formation....Breaking to the downside in after hours trading....measures down to around $54

[Jim Smith]

This thread is dying

a bragging thread is more active.....sheesh


AMGN tested is broken downtrend dating back to Nov 2005 yesterday.
ISRG broke a huge symmetrical triangle to the downside yesterday
CHK is moving up from a head and shoulders bottom target is $35.70

[Jim Smith]

one more

MHK has a negative DMI around 40....over the last five years, whenever the DMI negative reached this level, the stock rallied, somethimes 50%

[Rob]

Thanks, Jim

Interesting way to look at the DMI, Jim. At any rate, great find on MHK this morning! It's up 8.5% right now as I'm looking at it.