Spike's Scientific Stock Analysis

[New-born baby]

An honest opinion

Could anybody analyze NNI? I see a lot of institutional support along the 50-day MA. But it's been going up and down like a ladder since recently. Maybe there's an explanation to that strange behavior. Is this a kind of a common pattern?

Moondude:
You asked for an opinion; here it is. As our good friend Spike used to say, "it is what it is." Bearish chart; $31 or lower price target. The party is over for now.

[New-born baby]

Prz

Newborn, how do you like that triangle breakout for PRZ? I'm considering getting in.

It's about 5% above it's ideal entry, though, so I would start small.

BJ,

Sorry I missed your post. I run "Hot Pick of the Day:" post over there and I won't miss any posts. I don't always check all the threads . . . .

Here's PRZ: not worth chasing right now, IMHO.


That triangle breakout was a descending bearish triangle: over 90% effective to the downside. And even when it breaks higher first, it is 90% effective to go to the downside target it had before. I'd leave it alone. And I wouldn't think of buying it above $4 (gambling there, too).

Just my opine . . . .

[mooddude]

Moondude:
You asked for an opinion; here it is. As our good friend Spike used to say, "it is what it is." Bearish chart; $31 or lower price target. The party is over for now.

Thanks a lot

[RL]

Help

Any one give me a take on PKD hit It with my dart and my throws have been BAD BAD BAD

[spikefader]

Any one give me a take on PKD hit It with my dart and my throws have been BAD BAD BAD

Hey RL. Weekly below. You missed the daily channel turn up recently too. But a nice bullish chart.....you're just gonna have to ambush it.

[RL]

Good To

Hear from you Spike thanks for your Input think I'm going for this. Have a good week end

[mystiky]

Is CMT still a long candidate?

I have been looking for an opportunity to enter CMT long in the 9.80 - 10.40 area and it seems like an opportunity is coming.

It's a low floater and plenty of shorts now.

But how does the chart look?

Thanks for the opinion(s)

[New-born baby]

Shoulder/Head/Shoulder works

Moondude:
You asked for an opinion; here it is. As our good friend Spike used to say, "it is what it is." Bearish chart; $31 or lower price target. The party is over for now.

Today, Friday June 24, NNI is trading for $30.80. That s/h/s formation was a good warning.

[mooddude]

Great prediction of s/h/s formation, New-born baby! I was holding a minor position in NNI but had to cut my losses when it pierced 50-day on volume. I didn't know anything about s/h/s but you helped me to learn about it. Either way, there was more than one sign of NNI falling: 50-day MA violation, not holding the breakout and of course s/h/s. Did you short it?

[noshadyldy]

Any one give me a take on PKD hit It with my dart and my throws have been BAD BAD BAD

RL, you might want to look at GSF or NE, better fundamentals and similar upwards trends. GSF shows increased income, NE shows increased sales and income. NE on stockcharts (which still won't copy for me) shows the greater room for run on the gallery chart view. OBV good on both.
If you have the time, give me a quick opinion back. Thanks.

[New-born baby]

No

Great prediction of s/h/s formation, New-born baby! I was holding a minor position in NNI but had to cut my losses when it pierced 50-day on volume. I didn't know anything about s/h/s but you helped me to learn about it. Either way, there was more than one sign of NNI falling: 50-day MA violation, not holding the breakout and of course s/h/s. Did you short it?

No, I did not. Sorry you lost some on it. Better gains next time!

[Thomrich]

Greetings,

I must say NBB,you're "Kung-fu" is strong.Nice reads,are you and Spike the same person?

As a footnote EENC goes ex on monday and might give an entry this week.I feel its overvalued as far as Canroys go,yet its the only one US traded thats increased distributions.Im amazed others have not,since oil has gone from high 30s to 60.

Kurt Wulff at Mcdep has some great calls in the energy sector.He's very bullish on the US trusts.They always raise dist amounts when oil goes up.To check out his site its Mcdep.com ,PDF files are posted a week late for non pay viewing.It s worth a look for anyone interested in energy.

He along with Boone Pickens is of the opinion that Saudi oil reserves have hit their peak,and reserve life is much shorter than reported.Pickens called 60 before 40 when everyone was saying the opposite.

Anyone have any pure oil picks short of crude futures?

cordially Tom

[New-born baby]

Tom--Thanks!

Tom,

Great to hear from you as always. Thanks for the heads-up about the site. I'll check it out.

"Kung-Fu?" Naw. Take a look at my picture. I couldn't kung-fu an ant.


Tom,
I wish you'd post a little more often around here. I like reading your ideas about Cans, US trusts, and other investment ideas. And God bless you, brother.

[spikefader]

Hiya all.
Just dropped in to give a bearish warning to all and change my Avatar.

Below is an interesting nice chart to help spot reversal points in the DOW. Check out price support and resistance areas, and compare it to the DOW movement.

VIX:INDU chart closed down near support last week, so that made it a clear sell signal for the DOW....and look what happened... While VIX:INDU support holds, bears rule.

Next resistance in that chart is 0.0017, which will be the buy signal.....so until that time, or until that VIX:INDU support fails, I strongly recommend cash position and caution on longs. Shorts and puts will rock over the next few weeks as that chart currently stands.

Now, when it does get to 0.0017, that will be the buy signal. Until that time, I would suggest people stay in cash, shorts, puts, or bear funds.

Remember, it is a triple bottom, which can lead to big moves. A big move up and away from that triple bottom means big selloff in market. So careful out there; it's a bearfest opportunity right now.... Look at the channels on the DOW to see where this thing could go......and rather quickly too......

Don't know if ya'll know this, but both Thursday and Friday the YM futures spiked down largely on light volume...scary thing that was. It means there were no large bidders interested in holding it up. This doesn't bode well for bulls right now.

Now all that said, the market will do what it wants........and the chart I posted here may well break the support, and it'll be a buy signal if it does. The 2 DOW spike downs I reference could well be the double bottom spike down that gets bought. But right this second, I'm a bear....fully fledged.

Good luck this week.

[skiracer]

Just can't agree with you on this call right now Spike. Kind of like the prospects of several stocks that got beat down this week and look attractive right now for swing trades. Also looks like the $SOX and SMH are getting ready to take off. If they provide some help this could be a great week coming up. Of course everything remains to be seen and who really knows what evil lurks in the psyche of these markets.