Hot Pick Of The Day

[New-born baby]

Too hot to handle

New Born NDAQ has a sweet chart ......any comments on this one......thanx
Pete!

Wow! NDAQ has been very, very hot. Seems to me that she needs to take a breather, but who knows? I'd think she ought to pullback to $26.50 to retest the breakout from the cup anyway.

Here's both the daily, followed by the weekly. And by the way, the Point n Figure chart had a target of $19.00 since July--so bullish she shot way past that target and is still running. But stocks don't run forever. This one has been in overbought territory since--April, 2005. They don't get any hotter than this one. Not even GooG or CME can match it.

Looking for a target? I don't know. I myself think this one needs to cool off. But one could buy a pullback to $26.50, put a stop under it, and let her ride.
Certainly the 10 day average has been acting as support all the way up the line.

[Peter Hansen]

New Born

Wow thanx for that great analysis....but as you had said ..I will wait for a pullback .......26 should be a good buy point with a trailing stop ! As usual...... I think we can all learn from your excellent charts .....I know that I have.

Pete!

[New-born baby]

Bearish

Wow thanx for that great analysis....but as you had said ..I will wait for a pullback .......26 should be a good buy point with a trailing stop ! As usual...... I think we can all learn from your excellent charts .....I know that I have.

Pete!

Peter,

Just this note: I am very bearish on the market in general right now. I look for much trouble this week. Be careful.

[New-born baby]

Warning Will Robinson!

New-born,
PCU is back and BMHC is driving me crazy. I gave it up for dead at 11am , but now it is on life support could go either way.

billyjoe

BillyJoe,
I think BMHC might break support this morning. Point and Figure chart targets $68--be very careful. I think the fall may be lightning like. Personally, I am thinking sell more calls on this one.

PCU: Please be careful here. If you are not in the stock, I want to mention that AA announces earnings today. The rumor is that demand for aluminum has fallen as cost of production has risen. AA should fall. BUT be aware that AA reports first of all commodity stocks, and if aluminum demand falls, copper is not far behind. PCU may very well be negatively affected.

Just a note from a concerned friend.

[New-born baby]

Mot/pete

Pete:
MOT may make a swingtrade for you. The chart shows me a descending triangle. MOT popped up yesterday, and may have been a signal to short her. She is coming off of a double bottom, the STO and RSI both say she is going to bounce here. My gut is suspicious. I wouldn't put my money into her long term. If I entered here, I would be looking to exit at the double top, around $23.40, so we are only looking at $1. Then you'd have to look at your stop, which would be at the double bottom support line for me. Figure your r/r, and it is not too exciting.

On the other hand, if she failed the $22 line, the descending triangle says that $20.10 is the next strong support, so you have the possibility of a $2 short.

Like I said, this stock is a swing trade. Take her up, short her down.

Here' a chart on MOT: what follows is a chart on TECH.


Here's the LONG TERM semi-conductor chart:


LAST CHART shows NAZ is topping:

PETE: hope you are doing okay with this one. She broke the $22 support line today, so I think very bearish thoughts--just as posted before above.

[New-born baby]

Bhmc

I think the gig is up. She has broken support. That $76 or $66 target is going to be realized.

[Peter Hansen]

New Born Only looking No Buying

Peter,

Just this note: I am very bearish on the market in general right now. I look for much trouble this week. Be careful.

That NDAQ never ceases to amaze me ......... up again today 1.05 3.75% to 29.05 and after hours up another 2.41% to 29.75 .....all in a crappy market. Wonder what is propelling this stock?

[New-born baby]

I dunno

That NDAQ never ceases to amaze me ......... up again today 1.05 3.75% to 29.05 and after hours up another 2.41% to 29.75 .....all in a crappy market. Wonder what is propelling this stock?

Pete,
I dunno. I never looked at the stock before you put it on the board here. I recommended waiting for a pullback because, frankly, I am so bearish right now my entire portfolio is short, save for the Canroys and MTRX. I have nothing else long. The biggest mistake I made was covering my GM shorts on Friday afternoon. Today would have been nice . . . .

I went to Yahoo and clicked on NASD 'news' and here's what I found: NASD has applied for "exchange" status. Right now it is a "market." The difference:

To customers of Nasdaq, there is really no difference between a "stock market" as Nasdaq is currently classified and an "exchange", Lehman Brothers analysts said in a research note Wednesday.

"We believe the biggest impact will actually be in the area of market data fees, and to this extent, becoming approved as an exchange should have a positive bottom line impact on Nasdaq," Lehman added.

The brokerage initiated coverage of Nasdaq with an overweight rating Wedneday.

Lehman also cited expected cost saving after Nasdaq's combination wioth Instinet and increased market share for the company in New York Stock Exchange-listed stocks as reasons for optimism about the shares.

"We believe Nasdaq has a remarkable opportunity to grow market share in NYSE-listed stocks," the analysts concluded.

That's what's happening.

[Peter Hansen]

New Born Thanks

Pete,
I dunno. I never looked at the stock before you put it on the board here. I recommended waiting for a pullback because, frankly, I am so bearish right now my entire portfolio is short, save for the Canroys and MTRX. I have nothing else long. The biggest mistake I made was covering my GM shorts on Friday afternoon. Today would have been nice . . . .

I went to Yahoo and clicked on NASD 'news' and here's what I found: NASD has applied for "exchange" status. Right now it is a "market." The difference:

To customers of Nasdaq, there is really no difference between a "stock market" as Nasdaq is currently classified and an "exchange", Lehman Brothers analysts said in a research note Wednesday.

"We believe the biggest impact will actually be in the area of market data fees, and to this extent, becoming approved as an exchange should have a positive bottom line impact on Nasdaq," Lehman added.

The brokerage initiated coverage of Nasdaq with an overweight rating Wedneday.

Lehman also cited expected cost saving after Nasdaq's combination wioth Instinet and increased market share for the company in New York Stock Exchange-listed stocks as reasons for optimism about the shares.

"We believe Nasdaq has a remarkable opportunity to grow market share in NYSE-listed stocks," the analysts concluded.

That's what's happening.

NB thanx for the update....I do appreciate the time and effort you spend on stocks.......and I am sure all here at Mr market feel likewise. Do have a pleasant day .....and be happy!

Pete!

[New-born baby]

Pete: NDAQ

Pete--
Away from the computer all week except at night. I saw where NDAQ hit the 10 day average that has acted as support all along the way. I wonder though this time . . . .

Did you buy any? If so, my suggestion would keep close stops on this one. Better to lose pennies than dollars.

MOT? I hope you sold and went short. It realized my price target today.

Hope you are doing well.

[dmk112]

re NDAQ: Event he nasdaq stock tanked today!

[New-born baby]

Yup

re NDAQ: Event he nasdaq stock tanked today!

DMK
Yes, it dropped, touched the 10 day moving average and rebounded. I don't know if Pete took the opportunity or not. The 10 day has been acting as support all through the up move of NDAQ, and that would have been the good entry. Still, I'm a little nervous with this market.

[Peter Hansen]

Pete--
Away from the computer all week except at night. I saw where NDAQ hit the 10 day average that has acted as support all along the way. I wonder though this time . . . .

Did you buy any? If so, my suggestion would keep close stops on this one. Better to lose pennies than dollars.

MOT? I hope you sold and went short. It realized my price target today.

Hope you are doing well.

New Born,
Never took a position in NDAQ ,wow did that fall fast, have a small position in MO at 22.75 ......unfortunately for me I never set a stop on that one. Oh well I will follow it more closely now ......but feel that it still has upside potential.....Needless to say October is rarely a great month!

PETE

[Runner]

NB, awesome job on calling BMHC. Also you charts of the Nasdaq have been pretty tight as well. Great job and keep it up

[Runner]

NB, ya think SBUX is good to about 54.