ParkTwain's Parlor

[ParkTwain]

Updated picks - week beginning 07-June-2004

EEFT (picked 07-June-2004)
EFJI (picked 07-June-2004)
FLS (picked 07-June-2004)
IDSY (picked 07-June-2004)
OMM (picked 09-June-2004)
PVN (picked 07-June-2004)
SFD (picked 09-June-2004)
SONE (picked 07-June-2004)
SPLS (picked 09-June-2004)

[spikefader]

Re: why picking a little fight tonight?

...I'll probably go with EEFT, maybe as early as tomorrow....

Did I save you some money or did you rush in and buy it back up there?

[ParkTwain]

Making $$$ in TKTX this week

Look at the huge gap that is being worked through. Nice setup.

Also looking for more good stuff in CCK (new high and leadup to new asbestos litigation resolution beginning Jan 05), LECO, NNN, HURC, and others. See my post at Yahoo's TKTX board.

Regards to all.

[ParkTwain]

made coin earlier in STN

Made some coin through the fall in STN. Took my 15+% and out. No one on this board seems to have mentioned it. Sweet. Eddie is it in your sights yet? IBD should have already gotten you into that stock by this time!

[ParkTwain]

sorry

sorry ERNIE. I'm pretty rusty, heh

[ParkTwain]

my all-time best call (in the last 18 mos)

See Msg # 16127 on Yahoo's MBG board.

[RL]

Glad to see you back.

[ParkTwain]

KFY makes it happen today

following through its brkout over $20/sh eariler in the week.

[ParkTwain]

hi ray thanks for the greeting

I was on sort of a hiatus in the middle of the year. Stopped trying to fight the market at that time, since I don't do shorting. (I trade only in my IRA.) My position in STN turned around in early Sept, and I've been more active since then. Right now I am long CCK, TKTX (alert for staleness), and KFY (as of Fri. a.m.). New to my watchlist by end of this past week were: CHKR, ATPG, DTPI, WG, CCRT, IDR, DAB, USM, JNPR, BDX.

[ParkTwain]

VERY NICE list of end-of-wk Long setups

Posted by members of StockCharts.com:
(Link A)

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=public&cmd=show&disp=RED

My KFY is found (p. 6 of 10) in this series of chart pages by Robert E. New (10th link down the page at Link A above):

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID897936

New's list of "near term" favorites:
DLP DNEX EQIX HOV IPMT KFY KO QCOM TBL WMS WWW YHOO

[ParkTwain]

picked very well today, reversal in STN

Though in a longer uptrend, STN had been down 8 of the 9 previous sessions. As of end of day yesterday it had reached its 50DMA. This morning it dipped down 50 cents then reversed and continued higher all day on 2X avg volume.

Am also enjoying this week's gains in LVS, which came out as IPO on Weds.

[mooddude]

CHART HARVESTING(TM) Manifesto

OT: That's funny I actually did it but I don't see the phrase "Chart harversting" registered as a TM in the U.S.

http://tess2.uspto.gov/bin/showfield?f=toc&state=odlnpn.1.1&p_search=searchss&p_L=50&BackReference=&p_plural=yes&p_s_PARA1=&p_tagrepl%7E%3A=PARA1%24LD&expr=PARA1+AND+PARA2&p_s_PARA2=Chart+Haversting&p_tagrepl%7E%3A=PARA2%24ALL&p_op_ALL=AND&a_default=search&a_search=Submit+Query&a_search=Submit+Query

[ParkTwain]

preemptive stike

[Hany]

Frd?

I think that your updated list that you posted lately looks good but I feel that FRD should be added to that. What do you think?

Hany

[ParkTwain]

http://stockcharts.com/def/servlet/SC.web?c=frd,uu[h,a]daolyyay[dd][pb50!b200][vc60][iUb14!Ll14]&pref=G

To want to buy FRD now, after it has retreated to its 50DMA, you have to wait to see whether it will turn up again. I also don't see any particular medium-term trending in the stock's RSI or Wilder DMI plots, which are the measures that I take the most seriously when looking for a setup. I don't do much if any fundamental analysis on my setups, but I avoid a hold going into options expiration if options are offered on the stock. I would next think about buying FRD when it has again approached a significant point of resistance.


For the sake of argument, contrast this chart with that of RIV:
http://stockcharts.com/def/servlet/SC.web?c=RIV,uu[h,a]daolyyay[dd][pb50!b200][vc60][iUb14!Ll14]&pref=G

Notice that since about Sept 2004, there has been no significant selling intensity in RIV. (That is, the red line in the Wilder DMI plot almost never peeks above the 20 mark.) It has a price chart pattern (spike up and decay) very similar to that of FRD. RIV is also a lower avg. daily volume stock between its spikes up, so there is danger of price manipulation downward during those intervals.