The Vernal Equinox Top 5

[mrmarket]

Here is the 5 I love the most..which one do you like?

ASTE FSTR ICOC PCP VDSI

[squarepusher]

ICOC

Rank in Synthetics Industry
100.0%
ICOC has one of the highest ranked consensus scores of the Synthetics Industry.
ICOC Coverage: 10 IRPs | Industry Average: 13 IRPs
Rank in Basic Materials Sector
96.5%
ICOC's consensus score is higher than 96.5% of the Basic Materials Sector.
ICOC Coverage: 10 IRPs | Sector Average: 11 IRPs
Rank in Jaywalk Universe
98.7%
ICOC's consensus score is higher than 98.7% of the Jaywalk Universe.
ICOC Coverage: 10 IRPs | Jaywalk Average: 11 IRPs
________
Airsoft Double Eagle

[New-born baby]

Which one scores 15% first?

Here is the 5 I love the most..which one do you like?

ASTE FSTR ICOC PCP VDSI

Here's my take on the charts of these five race horses.
ASTE: Has a $68 PnF target on a $54 stock (that's 26%); Dow Theory suggests the top comes near $62.50 (that's 15.7%), unless of course you do the Jiesen thing and buy the pullback (Jiesen's a smart guy). I think $50 is the smart entry on this one. It's option chain is okay and offers some protection.

FSTR: a screaming rocket! Has the same trajectory as the space shuttle when it leaves the earth. $62 PnF target on a $42 stock (that's 47.6%) with an overbought RSI. I am thinking she pulls back before proceeding to new heights. Dow Theory says she's in the Twilight Zone (ie, can't say when the rocket booster will run out of fuel). Has an option chain, too.

ICOC: no option chain. Dow Theory sees the next target at $16, (current price is $14.10); PnF likes it to $25.50 (that's 80.8%). Bullish chart with a very steep trajectory at this time.

PCP: very nice option chain! I like it! Hugely overbought RSI, though, and daily chart showing symmetrical triangle (ie, indecision right now; buy the breakout direction). PnF likes it to $192 (currently $130); that's 47%! However Dow Theory has this one squarely in the Twilight Zone. However if PCP busts out over $144.86, the price target will then be $180 via Dow Theory. Interesting, isn't it?

VDSI: Dow Theory (via weekly chart) and PnF agree: VDSI is in the Twilight Zone. Be careful here until the chart gives us an identifiable pattern and target. I wonder about the volume; it appears to me to be topping volume (I could be wrong). The daily chart disagrees with the weekly; shows a target of $42 (that's 24.7%) I'll say this: $32 is a great place to buy this stock as it is support. If it holds, you're on the move up. And I'll also say this: it has a decent option chain.

In summary, they are all nice charts, and look bullish. But here's my take anyway . . .
5. VDSI Let Rod Serling buy this one.
4. ICOC No option chain and an uncertain amount of fuel left. Leave this one for the suicide jockeys.
Now the picking gets much harder . . .
3. ASTE: chart looks more mature than the others. I still like it, though, and I think $62 is a reasonable target. But that leaves us a thinner margin for error.
2. FSTR: the trajectory is so steep is just has to pull back soon. And if I listen carefully enough, I think I can hear the music and Rod Serling whispering in the background. Could be just my imagination, too.
1. PCP is my winner. Looks like RIMM to me: lots of momo. If she breakouts out, as I suspect, she makes a lot of money quickly, I think. If not the option chain is rich enough to make you some money anyway. PCP is my winner, and I will probably buy this one (or make a call spread) after Bernard speaks.

[Peter Hansen]

ACH Big China PLAY

I like ACH because of its CHINA affiliation.....

[Karel]

I like PCP for a smooth ride. FSTR would be more bumpy, but with the possibility of a faster 15%.

Disclosure: I own PCP since the end of May, 117ish

Regards,

Karel

[spikefader]

Ratings with Scuttlebutt method:

ICOC +93%
VDSI +83%
FSTR +80%
PCP +63%
ASTE +23%.

[peanuts]

PCP - their supply to the aerospace industry will only improve. They've already bought a major alloy producer in Special Metals, so they have been able to control commodity costs- they own a meltshop in Huntington, WV that produces their raw material- consider USAP when looking for a comparison to this operation. They also have a niche position in the public markets, being a caster of metals (no other public market participants for special alloy casters that I know of). They make money and lots of it. This company is not going to be a financial concern going forward, and the stock price action, in retrospect, proves that.

but of course, I'm just little peanuts... no need to consider what I have to say, and take it seriously. Did you look at my avatar?

[New-born baby]

PCP - their supply to the aerospace industry will only improve. They've already bought a major alloy producer in Special Metals, so they have been able to control commodity costs- they own a meltshop in Huntington, WV that produces their raw material- consider USAP when looking for a comparison to this operation. They also have a niche position in the public markets, being a caster of metals (no other public market participants for special alloy casters that I know of). They make money and lots of it. This company is not going to be a financial concern going forward, and the stock price action, in retrospect, proves that.

but of course, I'm just little peanuts... no need to consider what I have to say, and take it seriously. Did you look at my avatar?

Yes, I see that avatar , and it ain't pretty, nor does he look like a serious investor. He does looks confrontational. But I do take what you say seriously. (He looks like he'd try to whup up on me if I didn't!). And I like PCP! Thanks for the write up.

[New-born baby]

Ratings with Scuttlebutt method:

ICOC +93%
VDSI +83%
FSTR +80%
PCP +63%
ASTE +23%.

Spike,
Isn't it true that with the Scuttlebutt method (I like its results!) the numbers are assigned randomly? In other words, without the random assignment of numbers, would ICOC still be #1, VDSI #2, etc? What I am driving at is this: if you take out the assignment of random numbers, would ICOC still be the winnah? And would the gap between ASTE and ICOC be so great?

And while you're at it, Spike; what is your view on AMZN? I am looking double top on it.

Thanks!

[spikefader]

Spike,
Isn't it true that with the Scuttlebutt method (I like its results!) the numbers are assigned randomly? In other words, without the random assignment of numbers, would ICOC still be #1, VDSI #2, etc? What I am driving at is this: if you take out the assignment of random numbers, would ICOC still be the winnah? And would the gap between ASTE and ICOC be so great?

And while you're at it, Spike; what is your view on AMZN? I am looking double top on it.

Thanks!

New-Born, thanks for the questions.

The old "Weighting" system used to use a random number to eliminate the "outlier" effect. But I reconstructed that system, threw away the random number, and called it the "Rating" system. The Rating system uses no randomness at all.

It's strictly what the combined charts "add up" to. I use 30 charts over multiple time frames, using different filters, and triangles and channels are automatically generated by the software (thanks Voodootrader). From those patterns and pattern breaks I allocate either a bullish or bearish point. Add 'em all up and you get a number out of 30. It can be a positive or negative number. Turn it into a % figure and that's the rating. So +97% represents an extremely bullish stock and -97% represents an extremely bearish one.

So to answer your question, ICOC +93%, is still the winner, and the gap between ICOC and ASTE is that great.

But what does that gap mean anyway? Perhaps not as much as you might think. After all, they are both on the bullish side of the spectrum...i.e. they are both generating bullish-majority in the charts. That means they are both more bullish than bearish. That said, currently ICOC has and is more bullish than ASTE, from a pattern-based perspective.

Is the rating number predictive that ICOC will outperform ASTE? No. Because the numbers aren't designed to be predictive, although I am interested to learn if people can and have developed a sense of whether the numbers are generally predictive of price action.

The bottom line is that patterns and numbers don't predict. People predict. People use information to predict. Or at least, people use information to offer a prediction. The rating number is simply a piece of information that might help a person correctly predict. One might think that when people predict they usually have conditions and lines in the sand. Where the lines in the sand are for each prediction vary. Some don't have any lines. Some have lines not far away. The Rating system has it's own lines in the sand, and it's consistent, and the rules are always going to be followed. The way Voodootrader software creates the patterns is not influenced by me at all. So there's consistency in the methodology. The rules for allocating bullish or bearish points is strict and always remains the same. There's no discretion (or randomness) in the number.

So the Rating system is a good way to accurately and consistently express what a stock is and has been doing without having a need to predict the future. It shows us a snapshot in time that represents a majority view of patterns, represented by a number, nothing more, nothing less. And the only thing that affects the number is price action relative to existing patterns and future patterns.

FAQs
How should one view the Rating System number? One should view the number as information, a small piece of historical and current-day information about the stock that it applies to.

What does the Rating number actually represent? The number represents a broad perspective of a stock's historical and current-day bullishness or bearishness from a pattern-based perspective.

Is the Rating system predictive? No, it is not predictive. If anything it is reflective. The number merely reflects what price has and is currently doing. Charts do not predict future price action; people do that.

Will it time entries for me? No, it won't. The Rating system should not be used to attempt to time entries.

Will it make me profitable? No, it won't. Disciplined execution of favorable money/trade planning strategies will do that.

What good is the Rating sytem number? It is a unique and simple way to express in number-terms the historical and current-day bullishness/bearishness relative to simple patterns. What happens tomorrow for any rated stock cannot be predicted.

How should I use the number? You should use it the same way you use any piece of information.

[New-born baby]

Thanks, Spike

Thanks, Spike. Now will AMZN retreat from here?

[billyjoe]

According to the never known to fail (maybe sometimes) billyjoe scoring system, here's how they rank based on 400 being perfect.

FSTR---315
ICOC---297
ASTE---282
VDSI---254
PCP----can't get all the numbers

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

[squarepusher]

Thanks, Spike. Now will AMZN retreat from here?

i think yes
________
DC MEDICAL MARIJUANA

[spikefader]

Thanks, Spike. Now will AMZN retreat from here?

AMZN rates +93% this afternoon. AMZN is in the Voodootrader Top 100. AMZN just generated an S8 long signal, to buy th' open tomorrow t' risk 4% and target +40%. If one looks at your much-liked Point and Figure chart, it targets $99.00.

[New-born baby]

AMZN rates +93% this afternoon. AMZN is in the Voodootrader Top 100. AMZN just generated an S8 long signal, to buy th' open tomorrow t' risk 4% and target +40%. If one looks at your much-liked Point and Figure chart, it targets $99.00.

PTI securities put their customers (I am not a customer) into a short spread on AMZN. That is what got me thinking the short instead of long.