Bullish stocks near support

[steelman]

Ucbi

Today I picked up some call options in UCBI thanks to Pete Hansen. Good volume lately. It just crossed above its 30 day MA. It's not the most fundamentally sound company. Just playing the momentum here and the options were cheap. So this is my "penny" play. I bought some March $2.50 calls. Let's keep the MoMo with this one.

[steelman]

I put URBN in $$$MM's$$$ contest. I better put some money where my mouth is. There was a god entry, early November around $31. I am currently looking for an entry. Should be early next week. Projected price is $65.

[steelman]

Just ran a quick search and 28 came up. After a quick glance at the charts, here is what looked good.

CATO LKQX NLC NVMI I am going to take a better look at these 4 and see if one is worth buying.

[steelman]

In today's scan, GFRE came up. I am looking for an entry right now.
I also have an order in to buy LKQX. This meets my criteria and the chart has a sweet up trending pattern since September.

[billyjoe]

steel,
Big move in CCME today. It's been on a rollercoaster ride lately. Maybe this is the big move we're waiting for. Also SPRD at 16.61 and GGAL at 15.01 look ripe for the picking.

-----------billy

[billyjoe]

Just looked at CCME 1 year chart. A venemous snake about to strike, bullish sign.

-----------billy

[steelman]

steel,
Big move in CCME today. It's been on a rollercoaster ride lately. Maybe this is the big move we're waiting for. Also SPRD at 16.61 and GGAL at 15.01 look ripe for the picking.

-----------billy

Yes, they both look great. GGAL isn't optionable and I haven't been buying much stocks lately. SPRD is very ripe. I am going to try and get into SPRD and/or CCME this week.

[billyjoe]

Steel,
Just bought SPRD at 16.65. my target is 19.45.

-------------billy

[steelman]

Steel,
Just bought SPRD at 16.65. my target is 19.45.

-------------billy

Nice play. As long as the markets don't tank, get the Santa Claus rally going, you should hit that easily. It went from $15 to $17 in about 4 weeks.

I just picked up some CCME March $17.50 calls. I saw tha an officer/director just had an open market purchase of 100,000 shares at $15.00 on 12/09/10. Their total holdings are 104,000. That has to be a good sign if an insider put down $1.5 million on their own stock.

[Peter Hansen]

Steel mia culpa tmsh not tnsh

Steel when I told ya TMSH was only up 200% end of day it closed up 400% LOL

[billyjoe]

Pete,
I told my broker to place a huge order for TNSH. When he said he couldn't find it I cussed him out and he cancelled my account. Then he blocked all my credit cards and froze my bank accounts.

-------------billy


He just called saying he figured out it was TMSH.pk. He bought a million shares for himself at .09 and wished me a Merry Christmas

[steelman]

Steel when I told ya TMSH was only up 200% end of day it closed up 400% LOL

Pete, A similar situation with Billy happened to me when I tried to put the ranch on TNSH.

However, did you see where UCBI finished today? $2.45, up 17.79% on a 122% increase of average volume. Gotta love that. There has also been some insider buying in the last 4 weeks. There is .50 ask on the table for the March $2.50 calls. I hope this keeps running up for a couple more weeks.

[steelman]

I also think MHR is ready for a breakout. It's above it's 30 day MA, close to support, and stochastics is now above 50 pointing up and MACDH is about to go positive. If we do this and break resistance should get to $7 in a hurry.

[steelman]

MHR still running

Today MHR is at $7.40 and was as high as $7.70. The .20 option I bought was as high as .65 today. There was a HUGE spike in volume yesterday. This should keep going for a bit. They had an 8k come out yesterday with some great news. I have Feb $7.50 calls so I will be watching closely.

[steelman]

Under $15 a share

Here are a couple of stocks that came up on a search for good earnings estimates, financial scores and that are under $15 a share.

EGY CKSW