Hot Pick Of The Day

[New-born baby]

Bullish!

i will throw one more out at you and its DXPE...nice gap up on thursday...

Very, very nice bullish gap up on Thursday with solid Friday follow through. Powerful volume bursts. Has a nice big $31+ target (could even hit $40-$45). . . current price $23.71. Has a price resistance at $25, and after that, "The Twilight Zone!" (i.e. no overhead resistance). If DXPE can bust out of the $25 resistance it could run like Shaun Alexander in the open field. Another beautiful Ninner pick: solid fundys with lots of room to grow. Unfortunately no option chain.

How to play it:
Play #1: The patient play is to wait for the ascending triangle to breakout, and to buy the direction of the breakout. That direction should be to the upside. Huge target of $31+, with exit stop at just below the breakout support line (i.e. $25.20). You risk about .20 with a target gain of $6.20, for a risk/reward ratio of 31. WHAT IS WRONG WITH THAT? Just another day at the salt mine for Ninner! Nice pick!

You do know to click on the image below; then click once or more to enlarge it to your taste



The weekly:

[New-born baby]

Talx

i think i mentioned that one already...i bought on FRI.....i like that gap action....it may take awhile to develop.....but like i mentioned earlier...i think its going to the 43-45 area for sure....needs to get through all the congestion but in my opinion FRI action was bullish(even though it gapped up and fell back down it still stayed very very high on thur bullish candle.cheers

TALX: another Ninner pick;has a relatively decent option chain. Just exploded out of a minor cup with handle. Target is $45--a nice $10 gain expectation on a $35 stock . . . that's looking for a 28.5% gain. Another possible entry for the Twilight Zone (no overhead resistance after $36.50!). Weekly chart working on a ascending triangle breakout. Just beautiful action on the weekly. The daily shows a shakeout of weak holders last week before Thursday's breakout.

PLAY #1: Buy the breakout above $36.50 with a stop under the previous day's Low of the Day. Let's suppose that is a stop loss of .50; target is $45, a risk of .50 for the reward of $8.50, a ratio of 17/1--what's wrong with that?

Excellent pick, Ninner!
Daily chart: click on image, then click once or more to enlarge.


Weekly:

http://img96.imageshack.us/img96/5369/chart27ib.gif

[New-born baby]

Ers

that is another one i am holding a few shares in....again it appears to hugging the 20 day.....and once it breaks 24 watch out...Friday...selling appearing to be minimal as it approaches that level....loooking at the past...it tends to bounce off that support line ...so we are nearing another bounce off this week hopefully it will be strong enough to break too new highscheers.ps and im also holding ADAM(which i think will be a winner for a few years)

ERS:no option chain. On the very cusp of busting out into the Twilight Zone. No identifiable target . . . if you enter now, place a stop under it and see what happens. Nervous Nellies making long North and South wicks on the candles the last three weeks. Volume is delightful. Could really zoom higher now; could tank if someone discovers a replacement for crude oil in the next day.

PLAY #1: Buy the breakout above the $22.50 mark; target $29; place stop under previous day's LOD. If that is .50, the r/r ratio is 13:1. Excellent!

Daily: click on image, click once or twice more to enlarge.


Weekly:

[New-born baby]

Os

oh yah and with NG soooo low i also like OS however, i think that OS may come down here and test the old highs...that would be a good time to buy...i have a target of 50-52

OS: another Ninner winnah. Was up $5.52 last week alone. How he digs these winnahs up, I don't know, but you have just got to love these charts. Ninner knows how to make $$. OS has just exploded out of a cup; current target is $49, with a second target of $66. HUGE possibilities here as OS is in the Twilight Zone and snorting. Wick on Friday's candle shows some profittaking near the close, or Nervous Nellies unwilling to hold a winnah over the weekend.

The PLAY: "Buy and ride. Buy and Ride." Just buy it and ride. Has a beautiful option chain. This thing looks real good to me. With an option chain this nice, the risk is very low.

Daily: click once to open; click on image once or twice more to enlarge..

[New-born baby]

Fdg

FDG:
Buy this thing right now and relax. Pays a $1.68 divy on March 28 ex-date. Has a decent option chain. Working on a huge ascending triangle which targets $50.50. The PnF chart disagrees, saying $54 is more likely. Solid company that could possibly pay you $17 per share between now and next January. Please tell me: what's wrong with that?

Here's the routine: click on image; then click once or twice more to enlarge.

[New-born baby]

Abax

ABAX (Abaxis, Inc.)
Company Profile
Sometimes you have to look beyond the well-known stocks to find solid performers that can make money for you. The market got choppy in January and February, but we kept looking for stocks that had strong fundamentals (specifically sales and earnings growth) and were riding out the market, going about their own business. ABAX was one of these. It is in the drug diagnostics sector, and had formed a nice 10 week base above the 50 day EMA. In late January it was finishing its base but then dumped to the 50 day EMA hard one session when it reported earnings. They were solid, but the market was selling earnings reports. We kept watching ABAX because the report was very solid.

Sure enough it rebounded the next two sessions, jumping off the 50 day EMA on strong volume. Having not given up on it we entered the play with some stock positions at 19.90 and some May $17.50 strike call options at $3.70. We like to pair up our purchase like this. The options give us great gains when a stock breaks out and rallies; they rise faster than the stock price. We use the stock positions for the price appreciation, but we can also use them to sell calls against when a strong run runs out of momentum and needs to come back and test near support. We can sell call options close to or just below the stock price, and when the stock drops to support and holds we buy them back for less, pocketing the difference. Kind of like renting out our stock while it takes a breather from the upside.

ABAX did not take much of a breather, however, continuing up the 10 day EMA for the next five weeks. Slow and steady but solid. Friday it hit our initial target at 23.25 and we took some 16% stock gain and sold some of the options at $5.90 for a 59% gain. We like to do that as well because it basically pays for our position and we can then let the stock work more for us as long as it keeps its uptrend going. ABAX is showing no weakness and we will let it ride higher until it peaks out, showing us a doji on the candlestick chart on low volume. At that point we will be ready to take some more option gain and also ready to sell some call options if it turns down from there. Using these methods we can lock in gain and then make money from our positions by working both sides of the play, both up and down. Finding fundamentally strong stocks in solid patterns and knowing when to move in is the key to multiplying your gains using these techniques.

[spikefader]

Great work here NB: thanks fer sharing, and I commend you on your charting and r/r discussion!

For DXPE I see monthly bollinger band resistance around 26.00, and of course the price resistance around 26.30 from Oct '05.

TALX is on the Cremey Watchlist #1 too I note. I like dis-a-one velly much to target 39.00 or 15% to the (rising ) channel on the weekly, which should be a 5th up too. It's a boomer on the weekly reg channel you've probably already noticed too.

Lord you've had a post-fest! hehe I don't have any more time to look at the rest! I'll come back later.

Good luck this week brother NewBorn!

[New-born baby]

Thanks, $pike!

Great work here NB: thanks fer sharing, and I commend you on your charting and r/r discussion!

For DXPE I see monthly bollinger band resistance around 26.00, and of course the price resistance around 26.30 from Oct '05.

TALX is on the Cremey Watchlist #1 too I note. I like dis-a-one velly much to target 39.00 or 15% to the (rising ) channel on the weekly, which should be a 5th up too. It's a boomer on the weekly reg channel you've probably already noticed too.

Lord you've had a post-fest! hehe I don't have any more time to look at the rest! I'll come back later.

Good luck this week brother NewBorn!

And best of the $pike to you, Bro! I am bullish on these picks!

[New-born baby]

Rimm

http://stockcharts.com/h-sc/ui?s=RIMM&p=D&yr=7&mn=0&dy=0&id=p90750002160

This, my dear friends, is one awesome cup with handle. TODAY RIMM explodes much higher. $82.50-$85 today.

http://stockcharts.com/h-sc/ui?s=RIMM&p=D&yr=7&mn=0&dy=0&id=p90750002160

[DSteckler]

That's not a cup with handle, NB. Maybe a descending trend channel.

[New-born baby]

My bad: I should have explained.

That's not a cup with handle, NB. Maybe a descending trend channel.

Dave,
My bad: I should have explained it much more clearly.
RIMM settled its court issues Friday after the close. I am expecting a huge gap up this morning--a breakaway gap--which will complete the cup. Then I expect some sideways trading over the next few days to make a cup with handle.

[Adman]

Dave,
My bad: I should have explained it much more clearly.
RIMM settled its court issues Friday after the close. I am expecting a huge gap up this morning--a breakaway gap--which will complete the cup. Then I expect some sideways trading over the next few days to make a cup with handle.

I am looking for RIMM to hit 83.24 today, at which time I will sell off 50% of my shares, and let the rest ride.

[New-born baby]

Rimm

I am looking for RIMM to hit 83.24 today, at which time I will sell off 50% of my shares, and let the rest ride.

I forecast Rimm to gap up, at least to $82.50, and then to trade sideways for perhaps 10 days before she starts her way up to $100. Gotta trade sideways to shake out those weak holders. Should be a very powerful play for the next month or two.

EDIT: just checked the pre-m: RIMM trading at $81.70. After the open, it will probably sink back into the upper $70s, perhaps $79, before she moves higher around 11 am EST.

[New-born baby]

Profittaking Pullback

Well, we get a profittaking pullback on oil stocks today (I think). Sell the calls and relax

[Adman]

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

Sorry I did not reply earlier, I took a few days of off shore R&R. I have several positions which I am very bullish on for the coming months, for a variety of reasons. ACS Tech 80 (ACSEF) now at $4.90, and I am looking for 7 by third quarter.
Conexant (CNXT), that's right, Conextant. I was in at 1.99 last year and bailed at $3.58 when they had that little blip last month. I went back and revisited the stock and decided to get back in at $2.81. Today, it is already up .12 in pre-open trading to 3.33. I am looking for $4.60+by end of the quarter.
Italian American Pasta (PLB). What can I say? This is poised to be the best turnaround since El Paso. Now at 4.27, it has creeped up steadily over that past couple of weeks, and I fully expect it to close the year out over $8.
Vitesse (VTSS) at 3.40 has some room to move, and I am looking for 4.25 or better by mid year. If it hits 4 before June, and everything looks good, I may put that on the back burner and view it as a long term hold.
Schering Plough, (SGP) will be the North American pharm breakout this year. At $18.04, this baby is way under valued, and you should see it get to close to 22 by third quarter.
And finally, TTM. Tata Motors. India is hot, "nuff said.
The above is my personal opinion, and I have a different reason for owning each stock. It is not a recomendation to buy. Do your own review of each before investing.