Running With The Shark

[riverbabe]

Spike, that was tooooo funny! Where do you find those pictures???

Doug, you DO know absolutely everything! And that really sophisticated sense of humor is a bonus! One-stop shopping.....!

[IIC]

Surprisingly, the Rev Shark this week says "After three days of straight up action to end the week I was unable to find any stocks offering a good entry point for a one week trade. That isn’t to say that there aren’t many stocks aren’t acting well. It simply means that you have to be willing to chase entry points and I do not think that will make for a winning trade this week.

Because of the propensity of the market to reverse gains following option expiration and the fact that interest rates did not reverse convincingly despite some friendly inflation readings I am inclined to short the market for a trade. This is not a long term bearish call but merely an attempt to catch a consolidaton of an overbought market. "

His Stock of the Week is the ProShares UltraShort S&P500 ETF (SDS). This ETF moves inversely to the S&P500 at twice the rate. In other words it will go up $2 for ever $1 that the SP500 declines. Other similar instruments for different indices are the QID for the Nasdaq100 and TWM for small caps.

The Rev further says, "I would prefer to offer you a good long side pick but I simply don’t see anything that is compelling enough to justify calling it a Stock of the Week."

Looks like a very interesting week coming up! RB

Who pays $50 a day for that???...lol

BTW...I wish these supposed Gurus would stop giving out Mis-Info...the 2x movement is only a target...As a matter of fact, SDS is only down 1.5x the upward movement of the SP 500

[spikefader]

Surprisingly, the Rev Shark this week says "After three days of straight up action to end the week I was unable to find any stocks offering a good entry point for a one week trade. That isn’t to say that there aren’t many stocks aren’t acting well. It simply means that you have to be willing to chase entry points and I do not think that will make for a winning trade this week.

Because of the propensity of the market to reverse gains following option expiration and the fact that interest rates did not reverse convincingly despite some friendly inflation readings I am inclined to short the market for a trade. This is not a long term bearish call but merely an attempt to catch a consolidaton of an overbought market. "

His Stock of the Week is the ProShares UltraShort S&P500 ETF (SDS). This ETF moves inversely to the S&P500 at twice the rate. In other words it will go up $2 for ever $1 that the SP500 declines. Other similar instruments for different indices are the QID for the Nasdaq100 and TWM for small caps.

The Rev further says, "I would prefer to offer you a good long side pick but I simply don’t see anything that is compelling enough to justify calling it a Stock of the Week."

Looks like a very interesting week coming up! RB

SsssSsssSsss

[riverbabe]

NO STOCK OF THE WEEK? Except SDS?

Surprisingly, the Rev Shark this week says "After three days of straight up action to end the week I was unable to find any stocks offering a good entry point for a one week trade. That isn’t to say that there aren’t many stocks aren’t acting well. It simply means that you have to be willing to chase entry points and I do not think that will make for a winning trade this week.

Because of the propensity of the market to reverse gains following option expiration and the fact that interest rates did not reverse convincingly despite some friendly inflation readings I am inclined to short the market for a trade. This is not a long term bearish call but merely an attempt to catch a consolidaton of an overbought market. "

His Stock of the Week is the ProShares UltraShort S&P500 ETF (SDS). This ETF moves inversely to the S&P500 at twice the rate. In other words it will go up $2 for ever $1 that the SP500 declines. Other similar instruments for different indices are the QID for the Nasdaq100 and TWM for small caps.

The Rev further says, "I would prefer to offer you a good long side pick but I simply don’t see anything that is compelling enough to justify calling it a Stock of the Week."

Looks like a very interesting week coming up! RB

[IIC]

And you still have the best sense of humor of anyone here! The RIVERbabe

I beg to differ...Problem is that my sense of humor might be too sophisticated for some

[riverbabe]

river,
Are you still holding NMX? If so you are going to become a wealthy young lady. If only I weren't so happily married. NYX or CME ? I forgot to mention Mrs.billyjoe's large rolling pin collection and my head isn't as hard as it once was.

----------billyjoe

Yup still have NMX from 124.99, 100 in IRA, 200 in reg. acct. Not to brag here, but did you notice what happened with MEDI? Started buying that in 1995, and with splits ended up with 8000 shares with a cost basis of 3.00! AstraZeneca just bought me out with cash at 58.00!!! Hee hee. My Uncle Sam is happy, not to mention my cousin, the Governor.

Forget the rolling pin collection! Come away with me!!!! And you still have the best sense of humor of anyone here! And you have my number, right? You, me and the battle-axe for coffee the next time you show up a couple of miles down the road? The RIVERbabe

[billyjoe]

NMX getting sold ?

river,
Are you still holding NMX? If so you are going to become a wealthy young lady. If only I weren't so happily married. NYX or CME ? I forgot to mention Mrs.billyjoe's large rolling pin collection and my head isn't as hard as it once was.

----------billyjoe

[riverbabe]

I really like SKIL at current levels, riverbabe. I think he's found a good setup! (Thanks fer the reminder).

Spike, with that kind of endorsement from you, who could ask for anything more. I've been watching SKIL. It's not doing anything much today either. Made it to 9.21 but volume not there. Still waiting for a move from 9.25 with volume. Maybe next week....

Thanks for your comments and great charts. River

[spikefader]

Well, SKIL continues to trade flat. The stock traded in a 4 cent range on Thursday on 276,000 shares. The technical setup remains quite promising but it needs a kick to get it going.

This is the Rev Shark's pick. Not mine folks. Okay? Riverbabe

I really like SKIL at current levels, riverbabe. I think he's found a good setup! (Thanks fer the reminder).

The daily shows it's done a 1, 2 move from a fuzzy C, and with a stop under 9.00 is only 1.8% to target at least 9.90 which is over 8%, making r/r 4.5 which is favorable to many. Next target is 14.00 monthly price resistance, which is close to 27% or r/r of 15! Much better, and imo a realistic target for the patient.

Scuttlebutt rating is +87 with charts like these:

[riverbabe]

SKIL - after the bell Thursday

Well, SKIL continues to trade flat. The stock traded in a 4 cent range on Thursday on 276,000 shares. The technical setup remains quite promising but it needs a kick to get it going.

This is the Rev Shark's pick. Not mine folks. Okay? Riverbabe

[riverbabe]

Skil update Wed. night

The Rev says that SKIL continues to trade in an extremely tight range. The technical pattern still looks quite promising but the stock needs a push to get it going. He will "continue to give this trade some time to work as long as the stock holds above $9."

[riverbabe]

SKIL update Tues. night

According to the Rev, "SKIL did absolutely nothing today which was fairly impressive given how weak the market was overall. The stock continues to offer an attractive technical setup and we'll give it futher time to prove itself."

(open & close @ 9.10, lo 9.07, hi 9.14, looking for 9.25 + volume here, RB)

[riverbabe]

http://tinyurl.com/2q5pow

Park, you are wonderful! I haven't laughed that hard in a long time!!!!!!! Thanks LOLOLOL. Riverbabe

Babe, think you're gonna make any more $$$ in this market?

http://tinyurl.com/2q5pow

[riverbabe]

SKIL - The Rev's Stock of the Week 6_10_07

The Shark's Stock of the Week is SkillSoft PLC, (SKIL). SKIL provides a variety of educational and e-learning solutions. According to the Rev, it was recently awarded a large contract with the Air Force for IT training which moved the stock up sharply. "It has been consolidating that gain in a very orderly fashion and with a little help from the market could see another leg up."

However, he has a bit of uncertainly about "whether the market has the juice to really help move this stock but the setup is quite attractive and a move over 9.25 or so on volume may get it moving. Keep stops tight and if the market weakens again there is no reason to give this one too much room." To read more, please go to www.sharkinvesting.com.