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I do view your thread Peanuts but your assumption is wrong............. Do a search for "LMS" and you'll see that it has been mentioned over 50 times on this forum since 10/2004.... You'll also see that it has (at least) twice shown up in $$$Mr Market$$$'s data dumps and IIC and Karel both posted about it numerous times before your arrival here.
Actually I started following LMS (and put it in my main daily watch list) after my buddy Pete Hansen mentioned it on NBB's thread earlier this year. See post #1828....
All that said, the reason I bought it today was because It's showing up on a couple of searches I regularly run and after further fundamental dd I just decided I like it..... AND the selloff this morning seemed extreme to me.... AND.... I like that 25% of the float is shorted, that volitility makes it a good one to swing trade imo.
Now to get back OT.... Peanuts DUDE!.... Your new avatar looks more like something "The stock Boy" might choose dude.... LOL!
I didn't really think that you decided to use LMS as a pick this week because it showed up on my screen. You're a good picker, yourself. It's pretty cool though, that the week that it does show up on my screen is the same week that it becomes a "big mover" That screen does actually work... I've been keeping close watch over the weeks of the results and throughout the week I see swings sometimes as high as 33% from lows to highs...
Now, let's keep to the OT: Kit had more personality than David Hasselhoff
Hide not your talents.
They for use were made.
What's a sundial in the shade?
- Benjamin Franklin
Lyebaby,
You been watching Paris' chart? Well my man, old PARL is headed to decision time, and my money is saying she's a bouncing very soon. Could be wrong, of course. But look at this chart. When she hits $9, put a pile of money on her, and you ought to have a quick profit. And watch that chart, as you may have a nice move upward. If that pattern fails, be quick to get out of the way because that would be a HUGE descending triangle. But I really think she bounces here.
Lyebaby,
You been watching Paris' chart? Well my man, old PARL is headed to decision time, and my money is saying she's a bouncing very soon. Could be wrong, of course. But look at this chart. When she hits $9, put a pile of money on her, and you ought to have a quick profit. And watch that chart, as you may have a nice move upward. If that pattern fails, be quick to get out of the way because that would be a HUGE descending triangle. But I really think she bounces here.
I'll be watching it NBB.... If I make any substantial buy in PARL I'll post it here. Thanks for posting here btw & posting the chart on your thread too
I'll be watching it NBB.... If I make any substantial buy in PARL I'll post it here. Thanks for posting here btw & posting the chart on your thread too
So what do ya think of GEHL right now? And LMS?
Lyebaby,
GEHL: short term bull, long term bear. That PnF insists $5 is coming GEHL's way. And looking at the weekly below, you see a head and shoulders top forming. Having said that, one could buy the right shoulder and the exit near resistance, and then of course, short the dog down. And then really step on the gas when the neckline breaks. This thing is going to be a roller coaster ride. The chart says to me "recession is coming," at least for this equipment maker. It has taken 12 months for 2/3 of this formation to form; it may take another 3 months or so for it to complete the formation. Let's see: OCTOBER.
Yeah, call me crazy, but what I see on the weekly is a stock that is getting tired. Look at that resistance line. LMS had knocked its head up against it several times, and at first, it regathered support at the same level. Then it regathered support at a lower level. Finally it has regathered support at an even lower level. It is getting tired. I could be wrong . . . but for my money, I have to see that resistance busted on volume. This next touch of the resistance, if it gets there, could be a place to short her down. Watch those volume sticks. When they start to drop down . . . .
I appreciate your HUGE opinion and TA read on these NBB.... Have a great day!
Back to LMS. I want to say that the current formation could be a continuation pattern, too. The real key will be busting resistance at that $30 market. If that happens, you'll have a very nice run up to about $43. Volume has been very impressive the last six weeks or so, so it might do it.
I used to work for IR as a Tool Maker back in the early 80's and they are a customer of mine today.... It's a darned good company.... IR might be worth looking into BillyJoe. They report earnings on 7/28/06....
IR started out making Steam operated Rock Drills back in the 1870's.... I worked for the Rock Drill Division which was moved from Phillipsburg NJ back in 1983-84.... They broke up the union in NJ and moved the plant to Roanoke VA (The Power Tool Division was already in Roanoke).... Roanoke then became "World Rock Drill Hdqtr's".... They used Phillipsburg as an example to any other plants that threatened to vote in a union, and they were serious too!.... The Rock Drill line has been sold off now, along with their surface-to-surface drilling line.
Here's a cool Web page on IR's site. Click the dates at the bottom of the timeline and the history pops up.... The timeline does not say "Busted NJ Union in 1983" though.LOL!
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