Peanut's Potent Plethora of Profit

[riverbabe]

Were you ever a part of a research team/effort that accomplished great things?

No, not a research effort, only modest results there. However, some of the patents I have written were cloning (mice, U. of Hawaii, second one after Dolly) and nuclear transfer pioneering patents, and there is a major one on aircraft deicing systems that will save many lives, especially in general aviation. The latest is a really big one that solves the problem of tire tread shearing and "Ford rollovers." And really important organ transplant patents (like a total face transplant, which your avatar tells me you might be able to use! lol) I could go on and on. But modesty prevents me. Like I said, Jiesen and I could probably talk for hours.

Did I mention, I avoid biotech and pharma stocks like the plague on a long term basis? Know way too much. Not that much of a gambler. But you probably already figured that out. Riverbabe

[IIC]

Hey...I found Spike's Homepage:

http://talklikeapirate.com/howto.html#advanced

[peanuts]

MOMO update

CURRENT MOMO PORTFOLIO:

12/20/06 UA - $51.00

(portfolio is 33% invested)

I'm at it again! I bought another stock which I deem classifiable as fitting many of my MOMO parameters. It's been beaten down lately, and today it finally met a level of some significant support. The company makes tons of money, and was once a part of my weekly screen of the IBD for 4 consecutive weeks in early 2007.

Cohen and Steers (ticker: CNS) was purchased today at $38.05

Here's the scoop on the business courtesy of Yahoo! Finance:
Cohen & Steers, Inc., together with its subsidiaries, manages high-income equity portfolios in the United States. It specializes in the United States real estate investment trusts, international real estate securities, preferred securities, utilities, and large cap value stocks. The company operates in two segments, Asset Management and Investment Banking. The Asset Management segment manages closed-end and open-end mutual funds, and institutional separate accounts. The segment also offers a portfolio of consulting and other services, and investment services. The Investment Banking segment offers mergers and acquisition, corporate restructuring, recapitalization, and capital raising advisory services to companies in the real estate and real estate intensive businesses, including healthcare. It also provides agency and underwriting services for various securities. The company offers its products and services through brokerage firms, registered investment advisors, and institutional investors. Cohen & Steers was founded in 1986 and is based in New York, New York.

Here's the chart which shows today's action that took the price down to major support. Note the red circles which all indicate an oversold situation. The stock is certainly poised to bounce:

Well? Tell me whether I've sealed a doomed fate or made a wise decision.... tell me!

[peanuts]

Well? Tell me whether I've sealed a doomed fate or made a wise decision.... tell me!

I'm getting the feeling that I've taped a picture of myself to the wall, here. I mean, not only are my words directed at the wall, but also myself....

Buy the heck out of CNS! Don't stop anytime soon, because you'll never see it this cheap again before another moon. There.... is THAT easier to understand.....

[IIC]

In May CNS was on our CwH list for a while till the handle went down too far...I was pretty surprised...I kept it on my "A" watch list for a while waiting for a pivot window move that never happened. I believe it was an IBD stock too

[peanuts]

In May CNS was on our CwH list for a while till the handle went down too far...I was pretty surprised...I kept it on my "A" watch list for a while waiting for a pivot window move that never happened. I believe it was an IBD stock too

This adds to the plus factors, I think. Would YOU buy it here, Doug?

[billyjoe]

Peanuts,
CNS has the " flying bat " chart which is a no no technically. Fundamentally it's great , but I believe is being thrown into the real estate barrel of stocks and unfairly taking a whipping. Don't like it short term , like it long term.

---------------billyjoe

[spikefader]

I'm at it again! CNS ... at $38.05...

Tell me whether I've sealed a doomed fate or made a wise decision....

Well assuming the 5th is complete, and assuming subwaves aren't delivered to this brearish count ye will likey get the abc correctives out of this: (3-day per candle chart). Whenever the C comes along, that'll be the crucial resistance fer it to get over. G'luck wit' it!

[IIC]

This adds to the plus factors, I think. Would YOU buy it here, Doug?

No...Calling the bottom is not one of my better traits...I would rather wait till it turns up and at least gets thru the 20ema...In this case I'd also want to see the 2,13,12 cross and the RSI 7 go above 30...If you are right at this point you make more...but it is riskier IMO

[peanuts]

Well assuming the 5th is complete, and assuming subwaves aren't delivered to this brearish count ye will likey get the abc correctives out of this: (3-day per candle chart). Whenever the C comes along, that'll be the crucial resistance fer it to get over. G'luck wit' it!

Spike,
Thank you very much. I take this chart as another confirmation of this being a great buying opportunity. I'm taking an inverse approach to this: I've learned from you that on a bullish stock, it is wise to sell and take profits when a 5 up is being made. So therefore, the converse should be true as well: On a bearish stock, it is wise to cover a short when a 5 down is being made. Covering a short and going long are so similar (essentially the same), that it should also be wise to time long entries when a 5 down is being made. Of course.... it's not a five until it is, or is it a 5 until it is not?

So, if those who were short should be covering, and if billyjoe says it's good fundamentally, and Doug is scared to buy it, I'm even more confident of a long here. Plus, you gave a nice juicy target of $49.00, which is a 28.77% premium to my entry price; and that sounds great!

btw:
which "flying bat position" were you referring, billyjoe?
or

[billyjoe]

Peanuts,
Wasn't "flying bat" #53 in Bulkowski's book ? Note the right wing tip in the 1yr chart, classic!!

------------billyjoe

[peanuts]

Bats and the Market

Peanuts,
Wasn't "flying bat" #53 in Bulkowski's book ? Note the right wing tip in the 1yr chart, classic!!

------------billyjoe

I'm not sure about his book... I have never read it. But, I did check out his website and couldn't find a "flying bat" - link: http://thepatternsite.com

It's odd how a tiny bat, flying around a group of people, can sometimes induce a frenzied exodus from that location. In actuality, the bat poses no real threat. The creature has been villified and the perception of danger can overcome some people's rationality.

Of the over 1000 species of bats, 3 are known be blood-drinkers. .5% of bats have rabies. 1.5 million Mexican free-tail bats, living in Austin, TX eat an estimated 10,000 to 30,000 pounds of insects each night- the very same bugs that tickle our eardrums and make us swat the air aimlessly.

[New-born baby]

I'm not sure about his book... I have never read it. But, I did check out his website and couldn't find a "flying bat" - link: http://thepatternsite.com

It's odd how a tiny bat, flying around a group of people, can sometimes induce a frenzied exodus from that location. In actuality, the bat poses no real threat. The creature has been villified and the perception of danger can overcome some people's rationality.

Of the over 1000 species of bats, 3 are known be blood-drinkers. .5% of bats have rabies. 1.5 million Mexican free-tail bats, living in Austin, TX eat an estimated 10,000 to 30,000 pounds of insects each night- the very same bugs that tickle our eardrums and make us swat the air aimlessly.

Just spent an evening at Yellowstone Lake in WI. The DNR put up some 1,000 bat houses. Bats eat about 10,000 mosquitos per day. I never got a single mosquito bite all night. But I have to say it is more annoying to swat bats away than mosquitos.

[billyjoe]

Several years ago at our church they were having the Christmas Eve candle lighting ceremony. A bat came out of the belfry and a lady panicked waving her arms and almost knocked over the large candles in the center aisle. I can imagine the tragedy that might have happened. It really was humorous. Unfortunately, the good people of the congregation killed the bat and threw it out in the snow.

-------------billyjoe

[New-born baby]

Several years ago at our church they were having the Christmas Eve candle lighting ceremony. A bat came out of the belfry and a lady panicked waving her arms and almost knocked over the large candles in the center aisle. I can imagine the tragedy that might have happened. It really was humorous. Unfortunately, the good people of the congregation killed the bat and threw it out in the snow.

-------------billyjoe

You have bats in your bellfry.