Hot Pick Of The Day

[ninner]

nuro

NURO had a nice kicker signal today through resistance.....im betting we get at least to 45.....


cheers

[New-born baby]

Lufk

Someone asked me about LUFK, but then had their preferences set so that they could not receive an email. So I'll broadcast it to the world right here
Please set your preferences to receive private messages

LUFK is in the oil services industry. Oil is currently in a pullback mode due to the seasonal shift from warmer weather, (not an extremely cold winter), and also to the fact that the summer driving months begins in May. Because the oil consumption is lower than expected, and crude stocks have risen some 12% above this same period last year, the price of oil has pulled back somewhat. Stocks like LUFK have been hurt because some investors act as if oil is going to return to $35 bbl. I don't think so. Still LUFK is in retreat, and the target is $34. If you are in the stock, then I'd suggest selling calls to lower your entry price. Or else abandon the stock and move on to the next play. If the neck breaks, the drop could be sudden. Please note that the neck has not yet broken. If I were in the stock at higher levels, especially above the current resistance around $56, then I'd be engaged in some kind of stock repair strategy.

http://img103.imageshack.us/img103/4700/chart17xy.gif

[New-born baby]

Ninner's NURO

NURO had a nice kicker signal today through resistance.....im betting we get at least to 45.....


cheers

Nice pick, Ninner! You always seem to have an eye for the best stocks.
NURO just busted out of a cup, and the target is a very robust $10 from here.
I see $47.50+ out of this one. Point in Figure says $49.00, so it could see even low $50s. Nice!

[New-born baby]

BHP, et al

At 36.10, I think that BHP Billiton is very attractive. Look for it to hit 40 by the end of the quarter.

ADman:
Yes, you seem to have an eye for bullish stocks, too. BHP has a current price target in the range of $61.50. I'd say that isn't too bad for a stock currently selling for $36.10

SGP: has got to find a bottom sometime. Right now it could**could**form a double bottom right here. It is too early to tell. It could also form an inverse head and shoulders. Still, it is too early. This one bears watching. PnF says she isn't going to stablize before $15 or even lower. I think that the PnF chart may well be correct as SGP is working on a descending triangle. It is very bearish in nature, and also targets the $15 figure. I think I'd wait to add to this one until we receive some kind of evidence that a bottom is in place. Bears watching--pun intended.

http://img396.imageshack.us/img396/2651/chart18ll.gif

[New-born baby]

Joyg

JOYG is hotter than a firecracker! Look at this chart:

1. Ascending triangle targeting a minimum $66
2. Yesterday a "C" long explosion . . . .
[$pike: don't be afraid to correct the EW or anything else].

http://img136.imageshack.us/img136/2/chart16nw.gif

[DSteckler]

NB, your wave count is off. B can't be <g> because the 2/22 high was higher than the 2/7 high, thereby negating it from being a B corrective wave. And the low of C needs to be lower than the low of A, in order for it to be a C corrective wave.

[TFred]

Greetings,

DCN getting murdered pre market,if only Scottrade provided a short.My POTW pick VC should take it on the chin in sympathy.Anyone with the ability to short sub $5 stocks should look at this sector.

cordially Tom

[New-born baby]

Thank You DAVE

NB, your wave count is off. B can't be <g> because the 2/22 high was higher than the 2/7 high, thereby negating it from being a B corrective wave. And the low of C needs to be lower than the low of A, in order for it to be a C corrective wave.

That's my problem: I cannot count the EW correctly. Need much practice.

[DSteckler]

In an uptrend impulse waves are five up, with higher highs and higher lows, while corrective waves are three down, with lower highs and lower lows.

In a down trend impulse waves are five down, with lower highs and lower lows, while corrective waves are three up, with higher highs and higher lows.

[New-born baby]

Ew

Impulse waves are five up, with higher highs and higher lows, while corrective waves are three down, with lower highs and lower lows.

Thank You, Dave. I really need to acquire this skill.

[DSteckler]

NB, Steve Poser has written an excellent book on EW, "Applying Elliott Wave Theory Profitably." Steve is a friend of mine and an excellent technician.

[New-born baby]

$63 mark

Oil is approaching the $63 mark. This price, if crossed and sustained, is bullish for oil again. Consequently the oil services stocks and oil stocks would again be bullish. They have pulled back hard, and perhaps now they make another strong run higher. Buy VLO today, but remember VLO has strong price resistance around $57.00 or so, i.e. look to be selling at resistance

[TFred]

Greetings,

DCN gapping down pre market from 1.85 to last trade 1.31,anyone with some skills suggest a play here?

cordially Tom

[New-born baby]

Baytex

Greetings,

DCN gapping down pre market from 1.85 to last trade 1.31,anyone with some skills suggest a play here?

cordially Tom

Tom,
To my knowledge, BAYTEX has applied to list on the NYSE but has not yet been listed.

[TFred]

Greetings,

Looks like VC is headed for 4.12,already down over 9%,not sure what it does after that,any thoughts?

cordially Tom