Peanut's Potent Plethora of Profit

[peanuts]

more Steel Industry

I think each service will provide a different approach to the sector action and how they got things laid out so I doubt if another service would match what Tc2000 has. I show the major being metals and mining. Then under the metals in mining we have a few sub sectors. I mainly follow the sub sectors TC has 239 subs and 30 majors.

Thanks. I agree that it depends on the service. I'm going to have my very own exclusive Steel Industry service, too. It's a grassroots effort. Basically, I'm just going to track the daily movements of the PSI and give equal weight to all stocks in the index. Let me know if you ever want an update.

From the list you gave me, I decided against DSUP and TPO as additions to the index. OLAB was the shell that was purchased so that CPSL could go public 2 days ago, so I have eliminated that, as well.

I have made another addition to the PSI: MTX is a major supplier to the steel industry. They are in just about every steel mill, and they have a nearly inpenetrable leading position in the gunning mix and machine market.

As the steel industry consolidates, so must its suppliers... it is already happening

[peanuts]

At the end of the week, AZZ will report earnings. I strongly suggest keeping your eye on AZZ after they report. Earnings should be very good. The movement in AZZ might be magnified and positively correlated with NGA. NGA reacted strongly to AZZ reporting record earnings last quarter. The real play might be with NGA, not AZZ. I'll be watching both.

That was the same exact quote as last time. It all holds true, today, as well. I STRONGLY suggest watching NGA on Friday for a possible day trade.

FRIDAY....NGA....watch AZZ earnings... wait for the play in NGA

btw:

I made a bunch of money off of NGA in 2006... most of it came from the trade I made on AZZ earnings last time...

Don't say I never told you...

[skiracer]

Don't say I never told you...

The truth of the matter is that NGA gapped up .15 at the open and went to 5.90 but dropped after 10 am an if anyone had bought it between 9:35 and 10 am would be down right now as it is now only up .13 at 5.60 as of this post.

AZZ on the other hand gapped up bigtime, 2.12 points right at the open, an anyone chasing that one would be down right now if they could have caught it at the open as it is now trading at 52.55 and falling and looking like it wants to fill that gap up at the open.

Neither one looks to be a bargain or that righteous of a trade right now.

[peanuts]

The truth of the matter is that NGA gapped up .15 at the open and went to 5.90 but dropped after 10 am an if anyone had bought it between 9:35 and 10 am would be down right now as it is now only up .13 at 5.60 as of this post.

AZZ on the other hand gapped up bigtime, 2.12 points right at the open, an anyone chasing that one would be down right now if they could have caught it at the open as it is now trading at 52.55 and falling and looking like it wants to fill that gap up at the open.

Neither one looks to be a bargain or that righteous of a trade right now.

but ski, I posted about this 2 days ago.

[skiracer]

but ski, I posted about this 2 days ago.

I was replying to your post at 10:10 am today, "don't say I never told you so". NGA is up .14 at the moment but if you had entered at the open you would be down right now an AZZ turned out to be a trap wouldn't you say. It went from gapping up over 2 points at the open to now down .67. I don't think anyone would have caught it at the open before the gap up and those that did chase it are now sorry they did. Wouldn't you agree.

[peanuts]

I was replying to your post at 10:10 am today, "don't say I never told you so". NGA is up .14 at the moment but if you had entered at the open you would be down right now an AZZ turned out to be a trap wouldn't you say. It went from gapping up over 2 points at the open to now down .67. I don't think anyone would have caught it at the open before the gap up and those that did chase it are now sorry they did. Wouldn't you agree.

I agree that if someone had bought at the open then they would be chasing a loss right now.

When I made that post, I was basically saying, "you sees, everyone?" Had someone decided that wanted to try to do what I was doing, then they would have been able to buy on Wednesday at 5.30 and sell today at 5.70 That kind of return is nothing to scoff at.

I see that AZZ is dumping its early morning gains

[New-born baby]

Mvco

MVCO made a move this afternoon. Hmmmm.

[peanuts]

For the folks who love to try to pick a bottom:

Guess which one will bounce the highest in 1 week:

ADM ... AMD ... ANR ... FSII ... LMIA ... WLSC

well? huh? huh? huh? Which one?

Bottom pickers lost. All were down in last week's crappy market.

Now, this week, same stocks, which one goes highest? huh? huh? huh? Tell me!

[peanuts]

I'm looking at AOS as a possible target.. Peanuts you think it might have a few points to the upside? Weekly does show some R to work through...

Daily does have a possible double bottom look to it...

I think that now is the time to really watch AOS.

Here's the original TA done on 12/28/06:

post link

Here's the updated chart with a 35 day EMA added to it: LINK

Notice how the current price is right on a crucial 50 day MA line. This might want to bounce off of this MA support, and quickly jump higher to Runner's target of $42 from the double bottom. The crossovers are still intact, so I am bias to being bullish, but I also see this current set-up has happened in the chart before. The result was a 10% loss over 4 days back in July 06, so being bullish first thing on Monday may be disasterous.

This certainly looks to be a good stock to make a plan for a couple of points and stick to the plan. Trying to predict the direction a few weeks from now seems impossible at this point. I might try to get 5% quickly from a long entry on this. I will update anyone that is interested.

[peanuts]

HMS Holdings

ticker: HMSY

HMS Holdings Corp., through its subsidiaries, provides various cost containment and payment accuracy services relating to government healthcare programs in the United States. The company, through Health Management Systems, Inc., works on behalf of government payors to help contain healthcare costs by recovering expenditures that were the responsibility of a third party, or were paid in error. Its customers include state and county Medicaid programs, Medicaid managed care plans, child support enforcement agencies, state prescription drug plans, and other public programs. HMS Holdings, through Reimbursement Services Group, Inc., works on behalf of public, voluntary, as well as profit hospitals to document services that qualify for reimbursement through Medicare cost reports and other government payment mechanisms. The company was founded in 1974 and is headquartered in New York City.

1) Fast stochastics have been in the accumulation level for the last few weeks and is currently about to cross into the overbought area

2) Price is crossing resistance... there's still some overhead, but this will be the 3rd test of it.

3) Nice increase in buying volume

4) Short term RSI (7 day) is turning positive against a declining market

5) Short term MACD (2,13,12) has a bullish crossover above the red indicator line and is above the zero line.

What all of this tells me is that in the last few days HMSY has been experiencing some nice buying volume in the face of a declining market. It was at a point where any bit of weakness would reduce the price substantially. But instead of weakening when the stock is testing areas of previous strength in a weak market, HMSY caught more traction to the up side. If it can do this under the current market conditions, it may still have some momentum in the coming week.

I know that this stock was discussed by some forum members previously (I think by Louetta and skiracer) so their views on this would be appreciated. I don't know too much about it fundamentally, but maybe someone else does...

[peanuts]

FRPT.ob

Grebnet,

I like the FRPT.ob buy. I've been watching and waiting for a big drop so that I can pick up some really cheap shares. I just get a feeling that weak investors will get shaken from the tree if the price falls far and fast enough.

Is there a SHS pattern? Um, yup, look out below... it's right at the neckline on the right shoulder. You might want to set some stops in case this goes down so some of your investment is saved, Grebnet. I hope, for your sake, that it treats you well.

[Lyehopper]

SCHN falls 8% on earnings....

SCHN is down after the report.... I'm listening to the cc. Some good short opportunities in "steel" about to happen anytime now.... IMO.

[peanuts]

SCHN is down after the report.... I'm listening to the cc. Some good short opportunities in "steel" about to happen anytime now.... IMO.

I was thinking along those same lines, but I don't want to base too much of my opinion on the SCHN poor earnings. I'd like to see some more reports from other steel companies.

I have noticed that USAP looks toppy on the daily chart, but a big C&H on the 2 year weekly chart

[peanuts]

ATTENTION:

Breakout to new highs on strong volume

ticker: HMSY

HMS Holdings Corp., through its subsidiaries, provides various cost containment and payment accuracy services relating to government healthcare programs in the United States. The company, through Health Management Systems, Inc., works on behalf of government payors to help contain healthcare costs by recovering expenditures that were the responsibility of a third party, or were paid in error. Its customers include state and county Medicaid programs, Medicaid managed care plans, child support enforcement agencies, state prescription drug plans, and other public programs. HMS Holdings, through Reimbursement Services Group, Inc., works on behalf of public, voluntary, as well as profit hospitals to document services that qualify for reimbursement through Medicare cost reports and other government payment mechanisms. The company was founded in 1974 and is headquartered in New York City.

1) Fast stochastics have been in the accumulation level for the last few weeks and is currently about to cross into the overbought area

2) Price is crossing resistance... there's still some overhead, but this will be the 3rd test of it.

3) Nice increase in buying volume

4) Short term RSI (7 day) is turning positive against a declining market

5) Short term MACD (2,13,12) has a bullish crossover above the red indicator line and is above the zero line.

What all of this tells me is that in the last few days HMSY has been experiencing some nice buying volume in the face of a declining market. It was at a point where any bit of weakness would reduce the price substantially. But instead of weakening when the stock is testing areas of previous strength in a weak market, HMSY caught more traction to the up side. If it can do this under the current market conditions, it may still have some momentum in the coming week.

I know that this stock was discussed by some forum members previously (I think by Louetta and skiracer) so their views on this would be appreciated. I don't know too much about it fundamentally, but maybe someone else does...

[peanuts]

ATTENTION:

Breakout to new highs on strong volume

I just bought @ $16.16