Doctor Jack's Stock Medicine

**Rob** · 06-01-2006, 04:00 PM

IMCL - this weekend

Jack, this weekend will be a critical one with regard to ImClone's future. It all hinges on the trial results to be made public at the ASCO meeting in Atlanta, which starts tomorrow. I see today's activity as somewhat encouraging, but short of definitive.

**skiracer** · 06-01-2006, 04:08 PM

Originally posted by Jack Haddad

I'm going to do what I hate most: speculate! I would say yesterday's and today's rally thus far are a sell. I'm going to bet on locking profits before tomorrow's resume of lower lows.

Comments/opinions?

Jack,
I think there is alittle more gas left in the tank for tomorrow. Today looks like it will turn out to be an accumulation day. I like that and the fact that the DOW is bumping up against resistance at it's 20 EMA an it's 50 MA. Looks good for breaking those. It it does and holds it today then tomorrow has a decent chance for more of the same as today. What I don't like about Fridays, especially in the summer, is the take the money and run mindset that most of these hedge guys feel obligated to do every Friday afternoon. On the whole I'm still uncertain about the general continuance of an uptrend. Lots of mixed signals, both good and bad, on the economic front.
I'm holding one short-term long position, besides my long term position in GLD, in HOM which I bought yesterday at $10.44. It's looking good for today as it is up .50 from my entry at this moment. I like the stock and the position an was thinking the same thoughts as you were earlier about taking the gains off the table this afternoon but my target is in the $12/12.50 range, preferrably $12.50, and the position is looking strong today so I'm going to give it some room to breathe until tomorrow to see which way the wind blows in the morning. It's up on big volume today so it's earned a shot at tomorrow. I think you could be a little premature in exiting any of your positions that have held up and shown strength thru today. You could always bring a stop up close and see what the morning brings. You might be pleasantly surprised. I know I don't have to tell you this but I'll remind you anyway. Trade only what you see and not what you think.

**Websman** · 06-01-2006, 04:10 PM

Oh. Thank the Vulcans you're still here Dr Jack!

I was thinking that my knee problem was hopeless. Now, about that Boyd staple...

**Jack Haddad** · 06-01-2006, 04:18 PM

Originally posted by skiracer

Jack,
I think there is alittle more gas left in the tank for tomorrow. Today looks like it will turn out to be an accumulation day. I like that and the fact that the DOW is bumping up against resistance at it's 20 EMA an it's 50 MA. Looks good for breaking those. It it does and holds it today then tomorrow has a decent chance for more of the same as today. What I don't like about Fridays, especially in the summer, is the take the money and run mindset that most of these hedge guys feel obligated to do every Friday afternoon. On the whole I'm still uncertain about the general continuance of an uptrend. Lots of mixed signals, both good and bad, on the economic front.
I'm holding one short-term long position, besides my long term position in GLD, in HOM which I bought yesterday at $10.44. It's looking good for today as it is up .50 from my entry at this moment. I like the stock and the position an was thinking the same thoughts as you were earlier about taking the gains off the table this afternoon but my target is in the $12/12.50 range, preferrably $12.50, and the position is looking strong today so I'm going to give it some room to breathe until tomorrow to see which way the wind blows in the morning. It's up on big volume today so it's earned a shot at tomorrow. I think you could be a little premature in exiting any of your positions that have held up and shown strength thru today. You could always bring a stop up close and see what the morning brings. You might be pleasantly surprised. I know I don't have to tell you this but I'll remind you anyway. Trade only what you see and not what you think.

Yea, the rally held solid grounds. It didn't sell towards the last 30 min. Tomorrow's payroll numbers could be spun off anyway you can think of. Let's see what tomorrow brings. As of now, my technicals show an intact uptrend, but weak market sentiment.

**Jack Haddad** · 06-01-2006, 04:23 PM

Have a good day everyone.

**The Stock Girl** · 06-01-2006, 04:26 PM

Originally posted by Jack Haddad

.........my technicals show an intact uptrend

mmmmmmm Doc!....... are we allowed to talk like this in here here $$$Mr. Market$$$?

**billyjoe** · 06-01-2006, 04:45 PM

Stock Girl,
Start your own thread. You look smart to me.
billyjoe

**Websman** · 06-01-2006, 04:56 PM

The Vulcans love Stock Girl...

**mrmarket** · 06-01-2006, 05:01 PM

Originally posted by Websman

The Vulcans love Stock Girl...

Must be Amok time...

**Websman** · 06-01-2006, 05:11 PM

Originally posted by mrmarket

Must be Amok time...

Vulcans have needs too...

**jcohen918** · 06-01-2006, 05:22 PM

Juniper

Hello everyone, I am Jordan. I have been reading Dr. Haddad's myspce blogs for quite some time and this is my first post here.

A family friend of mine owns a decent amount of Juniper. He saw an article on TheStreet.com saying a bunch of insiders were dumping shares after it rallied up $1.54 today. Does anyone know anything about there being any truth to this? I haven't seen the article or been able to find it, but maybe someone on here has.

The first of many future posts,
Jordan

**lemonjello** · 06-01-2006, 05:27 PM

Got a link to the article?

Originally posted by jcohen918

Hello everyone, I am Jordan. I have been reading Dr. Haddad's myspce blogs for quite some time and this is my first post here.

A family friend of mine owns a decent amount of Juniper. He saw an article on TheStreet.com saying a bunch of insiders were dumping shares after it rallied up $1.54 today. Does anyone know anything about there being any truth to this? I haven't seen the article or been able to find it, but maybe someone on here has.

The first of many future posts,
Jordan

**billyjoe** · 06-01-2006, 05:30 PM

Jordan,
Insider selling isn't always bad news. Sometimes they just need the money and what better time to get it than after a big move up. 290,000 insider shares have been sold since Jan. 1st not counting today. That is much less than for previous 6 month periods going back last 1 1/2 years.

billyjoe

**skiracer** · 06-01-2006, 06:57 PM

Originally posted by The Stock Girl

mmmmmmm Doc!....... are we allowed to talk like this in here here $$$Mr. Market$$$?

Doug,
This has to be you Doug. What a pervert. I love it.

**IIC** · 06-01-2006, 07:10 PM

Originally posted by skiracer

Doug,
This has to be you Doug. What a pervert. I love it.

It does sound like something I would do, doesn't it?...But I didn't...Although I have a few likely suspects in mind...Doug(IIC)