MY PICK IS ELN

[spikefader]

That won't work for me. I need an entry at $12. lol

$12.00!! It's never going back to $12.00! LOL -- I'm just kidding, because anything could happen.

However, that's below my "a" entry, and I highly doubt that I will get taken out now that we are getting impulsive off of a "c" long entry.

If I were you, webs (and anyone else for that matter), I would wait until the next impulse correction down. It looks as though we are in a 1 impulse up with sub waves, so look for the 2, 4, a, and c entries ever coming weeks. Or you could get aggressive, and chase the next channel turn up. You have missed the one I recently posted about.

I'm just shy of +23% today, and holding fast with green hope and a stop to even!

[spikefader]

Whenever a net buy volume of 2.4M or more shares occurs, a minimum price surge of 10% or more will follow."

Tool #4 is once again proven to be right on da money today.

Who says that the Chartists could not "see" the future?

I saw it.


SPIKE DO YOU AGREE???????

haven't I already answer this one? Seriously I hate being a skeptic, but there are always exceptions to a blanket rule such as this one. I prefer my methods for deciding on good risk reward entries rather than simply waiting for a high-volume day and hoping I get a 10% move in my favor
lol

Hiya noshady!! Good to see those big green letters! Keep up the good work! lol

[Runner]

SPIKE,

Your system interested me so I decided to work on it a bit. I programmed those little dots that you see on the bottom, they appear when certain conditions are met with the PSAR and the MFI. This allows for easy spotting of buy signals (or sells). Where you see the dots circled in the chart is where the MFI is starting to trend and PSAR is bullish. They turn different colors depending where the MFI is, which is helpful by giving you a warning that a buy signal may come, when MFI hits 70 and PSAR is bullish, a bright green dot appears.

I'm still tweaking it but I wanted to see what you (or anyone else) thinks. From the chart for ELN it looks like it is quite successful. The 1st buy signal you see there (1st bright green dot starting from the left) came quite before the initial breakout.... Interesting?

DMK, awesome call on ELN!!

[Websman]

I'm just shy of +23% today, and holding fast with green hope and a stop to even!

I'm just shy of 130%, and holding fast with pointy Vulcan ears! BWAAAAAAHAHHAAAAAAAAAAAAAAAAAAAA!!!!! YEEEEEEEEEHAAAAAAAAAAA!!!

I may only have a half position left, but it's still a good sized position. HAHAHA!!! I knew ELN would make me a killing! WHOOOOOHOOOOOOOOOOO!!!!

HAAAAAAAAHAHAHAA....HA...uh... Haha...errr....uhhh...excuse me...I mean... It's logical that I've done so well. My profits are not bad.

[kingofthehill]

ok guy and girls this is the real deal big push before approval.. time to load up ..and then take some profits after approval..


congrats all we are on the verge of greatness, JP morgan talk like they loved us Tuesday...after they load up they will tell the world...


you can listen to the first 2 mins of the JP MORGAN call

https://www.tixx.com/elan.htm

[Websman]

It looks like ELN is holding over $16 so far.

[noshadyldy]

ELN just loves to fill those gaps!

[Websman]

ELN just loves to fill those gaps!

I expected it to fill the gap. Now, let's watch it go!

[Websman]

Todays drop may give a good buying opportunity.

[ParkTwain]

In today's Yahoo news:

http://biz.yahoo.com/ms/060113/153588.html

"The Market's Most Overvalued Stocks" (Morningstar)

//
Elan ADR
Price/fair value ratio: 533%
From the Analyst Report: "Elan is a broken company desperately trying to fix itself. Its success requires Tysabri's return to the market, but even then, the company faces an uphill path to become cash flow positive (let alone stay that way). We have incorporated some of the risks into our fair value estimate, but we would still require a hefty margin of safety before investing."
//

[noshadyldy]

Doesn't surprise me. I was waiting for a news release that would bring ELN's price down. It was predictable to say the least. If it works, watch all the institutions fill their pouches like Squirrels at an all you can eat buffet.

[Websman]

Doesn't surprise me. I was waiting for a news release that would bring ELN's price down. It was predictable to say the least. If it works, watch all the institutions fill their pouches like Squirrels at an all you can eat buffet.

Truer words were never spoken. I think I'm in love with your brain Noshady!

[noshadyldy]

Truer words were never spoken. I think I'm in love with your brain Noshady!

lolololol! Pucker up Webs, sending a big juicy your way!

[kingofthehill]

Spike your the KING,

great trade on the Feb 20's

you kicked ass they are worth 80 cents!!!!! now

ok time for you to pick another option play

[kingofthehill]

From the Fundamentalist: "Elan is a broken company desperately trying to fix itself. Its success requires Ty's return to the market...one of the most overvalued stocks."

From the Chartist: “Buy with your eyes closed because of record Net Buy Volume!”

Who will be the BIG winner in a month or two? We’ll let the Market tell us.

The Fundamentalist often analyzes balance sheets without realizing that they had been doctored, skewed and tailored to fit the needs of the management. Where were these keen-eyed pencil-pushers when their Outperform company ENRON went under?

The Chartist analyzes the past patterns of the volume and price movements and tries to use statistical analysis to arrive at a probable outcome in the future. The Chartist leaves no stones unturned in finding correlations between volume, price and other events such as long white candle, divergences, velocity, momentum, gaps, money flow, MAs, MACD, OBV, NBV, NSV, short interests, presidential cycle, January effect and even the Gann’s Angles linking to the slope of the Chartist’s giant erection.

Why is Teadowner becoming bullish in ELN? Here is his little secret:

From 8/16 to 9/15, the NBV was 9.60M shares.
From 9/16 to 10/14, the NBV was 1.88M shares.
From 10/17 to 11/18, the NBV was 17.08M shares.
From 11/21 to 12/16, the NBV was 37.85M shares.
From 12/19 to 1/20, the NBV has been 31.20M shares. (With 4 more days to go)

Now, please print the following chart and try to link the NBV and pps together:

….hXXp://stockcharts.com/def/servlet/SC.web?c=ELN,uu[h,a]daclyyay[pb50!b200][vc60][iUg!La12,26,9]&pref=G

From 8/16 to 9/15, the pps was flat between $8-$9. But the NBV rose to 9.6M shares, giving us a buy signal 2 full months BEFORE the breakout at $9.25.

From 9/16 to 10/14, the pps was still stagnant and the NBV slightly improved while the general market crashed to an October low.

From 10/17 to 11/18, the pps was still between $8-$9. But the NBV soared to 17.08M shares, almost 2X the previous high and thus giving us a second buy signal right BEFORE the breakout at $9.25.

From 11/21 to 12/16, the pps broke out to $14 plus as predicted by the previous NBV. In spite of heavy profit taking, new media bad-mouthing and major broker’s panning, the NBV rocketed to 37.85M shares, again 2 X the previous high. This NBV gave us yet another buy signal almost 1 full month BEFORE breaking out again at $14.25 while the fundamentalist screamed “overbought”.

From 12/19 to 1/20, with 4 more days to go, the pps has already broken out to recovery high of $16.36. The NBV stands at 31.20M shares, giving us chartists yet another buy signal, even though fundamentalist Westfield Capital threw in their hanky (not towels) by unloading 2M shares.

From the above, it becomes crystal clear that NBV always leads the pps. No exceptions! Yesterday, the NBV with a record one-day surge of 8.3M shares gave us a buy signal at $16.05. Do you want to bet against it?

Lastly, by sharing his little secret and providing his trading tools (4 in total), Teadowner therefore becomes expendable. All Chartist are welcome to use these tools and make independent decisions regarding Elan and other stocks. He has better things to do elsewhere than staring at the screen.

With a whopping NBV of 95.61M shares since August, what us worried?

Good luck to all.

PS. From the above chart…Q: What happened to the pps whenever OBV hit new highs or whenever the thick MACD line crossed the thin line to the upside or whenever a long white candle appeared? T/A only reflecting the past is total BS!

PPS. Morningstar has many blind followers. Today’s early NSV numbers said so. However a late day reversal from negative NSV to positive NBV of 1.61M shares indicates that volume speaks louder than the trash designed to shake the tree hard (about 400,000 shares fell for it this morning). Will scumbag Krasn