Tatnic's Terrific Trades

[New-born baby]

I would be looking for a short play here rather than a long position if I were going to trade it right now. Nice charts though. This is the kind of stuff we have to get back to here at Ernies. If everyone starts throwing up charts and ideas the commentary will flow.

I agree with the chart comments, Ski. I would not be taking TNH long here either; it is just too strong to short, imho. In other words, I am leaving this one alone at this time. But yes, I love the scans, and I will be glad to throw up a few charts if I can find the time.

[skiracer]

I would not short this bull. It's like the sign on the fence at the bull pasture: "If you want to cross this pasture, you need to be able to run the 100 yard dash in 9.9 seconds. The bull can run it in 10.0." Leave this monster alone for now. It's in a three up, looking for four down and run to five up.

I would be looking for a short play here rather than a long position if I were going to trade it right now. Nice charts though. This is the kind of stuff we have to get back to here at Ernies. If everyone starts throwing up charts and ideas the commentary will flow.

[skiracer]

MM Forums is on a roll right now! Pete, Peanuts, Tatnic, Ski, and others are throwing the hot picks up on the board, so I thought I ought to throw up a chart for all to see. This CAS pick, well now, seems yesterday we had a nice triple top breakout, with a nice big $10 profit coming. So why not buy it right here at support like a good boy should?

Nice chart NB. From the chart it looks as if it might be starting a handle formation right here. Nice triple bottom cup base though. Almost a classic huh. Looks to be worthwhile to keep an eye on though.

[New-born baby]

You know, its pretty obvious now that TNH is a short-term short. Its just too overdone at these levels. But if and when it corrects, I'm guessing that it won't last that long.

I would not short this bull. It's like the sign on the fence at the bull pasture: "If you want to cross this pasture, you need to be able to run the 100 yard dash in 9.9 seconds. The bull can run it in 10.0." Leave this monster alone for now. It's in a three up, looking for four down and run to five up.

[New-born baby]

On A Roll, Luther!

Pnuts mentioned this one a while back...it's putting in a pretty impressive move here and if my calc's are correct it has a ways to go. No position..., was short earlier but got stopped out. Stupid short in hind-sight.

MM Forums is on a roll right now! Pete, Peanuts, Tatnic, Ski, and others are throwing the hot picks up on the board, so I thought I ought to throw up a chart for all to see. This CAS pick, well now, seems yesterday we had a nice triple top breakout, with a nice big $10 profit coming. So why not buy it right here at support like a good boy should?

Cas

Pnuts mentioned this one a while back...it's putting in a pretty impressive move here and if my calc's are correct it has a ways to go. No position..., was short earlier but got stopped out. Stupid short in hind-sight.

I can already predict which ones will depreciate in value...bpt for one. Of course I can't predict the future but that seems to be the trend with that trust. I had never heard of TNH until I ran that screen this am...man!!

You know, its pretty obvious now that TNH is a short-term short. Its just too overdone at these levels. But if and when it corrects, I'm guessing that it won't last that long.

[peanuts]

I believe vmc bot frk.

Its interesting that these material stocks are also solar plays...maybe not along the lines of WFR but still, someone has to mine the ingredients.

VMC is in the process of buying FRK, they haven't 'bot' them, yet.

Glad to see someone else realizing the strength in this sector. I'm 100% with you, Tatnic. Rocks and aggregates cannot be denied their place in history... I love how it has ALWAYS been a key economical element since man became industrious.

FRK is being bought by VMC, so you might want to scratch that off of your list.

Take a look at OGBY.pk They have got some old asbestos issues that should be cleared sometime soon... depends how long the lawyers can drag it out.

I believe vmc bot frk.

Its interesting that these material stocks are also solar plays...maybe not along the lines of WFR but still, someone has to mine the ingredients.

[peanuts]

...Of course some of the best housing/construction plays have been MLM, VMC, USLM and FRK.

Glad to see someone else realizing the strength in this sector. I'm 100% with you, Tatnic. Rocks and aggregates cannot be denied their place in history... I love how it has ALWAYS been a key economical element since man became industrious.

FRK is being bought by VMC, so you might want to scratch that off of your list.

Take a look at OGBY.pk They have got some old asbestos issues that should be cleared sometime soon... depends how long the lawyers can drag it out.

...another housing play

...is OC, Owens-Corning. They should also be important in energy conservations, which offer a pretty decent return on investment.

Of course some of the best housing/construction plays have been MLM, VMC, USLM and FRK.

One thing I'm pretty certain about is that we're gonna see more violent weather, droughts/fires, hurricanes, etc., so we should always see demand in these "supplier" type stocks.

[QUOTE=skiracer;80827]Nice stock and play Tatnic. I like it from here if it lives up to what I think it can and will do if the housing markets turn up. Hope you don't mind but I am going to post it over with my charts at StockCharts. I think this is a good time to be looking at some of the housing related stocks and builders in general. Some decent buys on beaten down companies.QUOTE]

Ski, be my guest. I think we'll need to adopt an investor mentality with this one however. Just because there's some decent volume coming in right here doesn't mean it will shoot up to 75 in a few weeks. And even though its basing for several months, like you point out, it could continue that vein. Buffet has often said that you should be prepared to see a new purchase drop 50% and not flinch. I think in this case <46 looks like decent support, but then there's the lower low of <43 to catch it. So maybe a partial position here with some left over for a test, or a break above resistance in the 57 area. That's a more conservative play.

[skiracer]

Nice stock and play Tatnic. I like it from here if it lives up to what I think it can and will do if the housing markets turn up. Hope you don't mind but I am going to post it over with my charts at StockCharts. I think this is a good time to be looking at some of the housing related stocks and builders in general. Some decent buys on beaten down companies.

Tat,
Warren Buffet believes in USG. Stocking up at under 50, Berkshire Hathaway owns over 17 million shares as of Dec.31 '06. See Sept. story in Seeking Alpha.

--------billyjoe

In this case I'm basing my opinion on price action alone, with some fundamental bias, ie the pending hurricane season. Its a mixed feeling having him like the same stock that I do since I don't think he's been all that hot over the past decade...mutual fund peformance basically. My recollection of his stock holdings brings on a big yawn....

[billyjoe]

Usg

Tat,
Warren Buffet believes in USG. Stocking up at under 50, Berkshire Hathaway owns over 17 million shares as of Dec.31 '06. See Sept. story in Seeking Alpha.

--------billyjoe