Hot Pick Of The Day

[ninner]

no not really

i would have liked a stronger close up that big candle...so i could see it going down abit tomorrow...i think the market is weak anyways but i still think the trend is up longer term. Depends on how it reacts with the 50 day in the next little bit.

good luck on the short tomorrow!!!

cheers

[Peter Hansen]

AIRM & ET

New Born both AIRM and ET seem to have super charts .....but I seem to favor ET for its less day to day volatility . Which do you prefer? Thanx pete

[New-born baby]

Airm/et

New Born both AIRM and ET seem to have super charts .....but I seem to favor ET for its less day to day volatility . Which do you prefer? Thanx pete

AIRM seems to be running out of gas right here. Yesterday's ugly black candle is a sign of more profittaking to come today (IMHO). Having said that, I could be wrong (of course!) because the STOs have crossed at the 50 line, which has been the bottom for AIRM for the last 5+ months. But my gut says that this is the beginning of a correction.

ET:I like this chart better because 1. It was a Cooper 1-2-3-4 pick for last Friday (if its RS was>95), and 2. The STOs are crossing at the 20 line (i.e. a much deeper corrrection than AIRM's), and 3. ET bounced off of support (see chart below).

There are some warning signs in ET to note: Moving up on lower than average volume. I can almost guarantee that she pulls back to the support line again.

The usual applies: have an exit plan, a target, a stop loss, et al. I think ET is the better of the two; too bad we didn't enter at support. But be careful

[Peter Hansen]

New Born

NB I always study carefully your advice.......thanx!

[Adman]

New Born both AIRM and ET seem to have super charts .....but I seem to favor ET for its less day to day volatility . Which do you prefer? Thanx pete

If I may, I vote for ET. I have been long in E-Trade for well over a year. In that time, I have seen my money more than double. I like E Trade, and am very bullish on it. So much so, that I am looking for 24.50 to buy more. If I hit that mark, it will be my third purchse in 14 months.
I went in at 14 02 in 2/05, again at 10.59 in 04/05 and think that at 24.50 or below is a good mark to pick up more.
I have been mulling it over for a month and watched it go from 23.50 to 25.75 back to 23.50. I am now looking for a steady increase over the coming months, through the third quarter.

On the top end, I am looking for 35 for my exit.

[New-born baby]

ADman

If I may, I vote for ET. I have been long in E-Trade for well over a year. In that time, I have seen my money more than double. I like E Trade, and am very bullish on it. So much so, that I am looking for 24.50 to buy more. If I hit that mark, it will be my third purchse in 14 months.
I went in at 14 02 in 2/05, again at 10.59 in 04/05 and think that at 24.50 or below is a good mark to pick up more.
I have been mulling it over for a month and watched it go from 23.50 to 25.75 back to 23.50. I am now looking for a steady increase over the coming months, through the third quarter.

On the top end, I am looking for 35 for my exit.

Thanks Adman for your comments. I welcome them on this thread. You have a lot to offer this forum. And congrats on the very nice gains on this stock.

My question for you: should ET move South, do you have any plan to help you keep your profits? For example, say you do buy more at $24.50, and suddenly the stock begins to drop. You would see profits eroded at an accelerated rate because of the higher buy-in level of $24.50. In other words, it is going to raise your average cost per share quite a bit, and could quickly wipe out profits. If you have purchased equal amounts of shares at $10.59, $14.02 and $24.50, your average cost will now be $16.37. A move South from $24.50 to $20 would turn an average profit of $12.20 per share X 2 equal share lots =$2440 profit (if both buy-ins were 100 shares each), to just a profit of $1089 if you bought three equal lots of 100 shares at $10.59, $14.02 and $24.50.

So I ask the question: how do you keep your profits if the stock moves against you? What plan would help a dummy like me?

[Adman]

Thanks Adman for your comments. I welcome them on this thread. You have a lot to offer this forum. And congrats on the very nice gains on this stock.

My question for you: should ET move South, do you have any plan to help you keep your profits? For example, say you do buy more at $24.50, and suddenly the stock begins to drop. You would see profits eroded at an accelerated rate because of the higher buy-in level of $24.50. In other words, it is going to raise your average cost per share quite a bit, and could quickly wipe out profits. If you have purchased equal amounts of shares at $10.59, $14.02 and $24.50, your average cost will now be $16.37. A move South from $24.50 to $20 would turn an average profit of $12.20 per share X 2 equal share lots =$2440 profit (if both buy-ins were 100 shares each), to just a profit of $1089 if you bought three equal lots of 100 shares at $10.59, $14.02 and $24.50.

So I ask the question: how do you keep your profits if the stock moves against you? What plan would help a dummy like me?

That's very easy. I have what I call "rolling" stop losses or stop limits to protect the downside.
Real life examples: On my current position in E Trade, I had a stop limit of 17.23, which I raised to 18.45 today. If unforeseen factors crop up that adversely affect the stock and cause it to drop, I am covered. If the price fell to 18.45, that stop limit I have in place triggers, and automatically becomes a market order and sells off my stated number of shares. In this case, 18.45 will lock me in a 50% gain over my cost basis of 12.30.
My next raise on the stop limit will go to 19.68 for a 60% lock when the stock gets a little higher.
I like to keep a comfortable corridor between the stock price and my stop loss. This is to prevent selling off too soon. Each person needs to decide how much of a spread they can handle between. I have no hard fast rule on the corridor, and it varies greatly from stock to stock.
Now, if, and only if, I go in for more at 24.50, that will raise my average cost basis up to 16.37. At this point, I will adjust the stop loss to either 19.65 or 20.50. This would give me a lock on either 20 or 25%.
I know that several around here don't use or believe in limit orders or stop limits. I have stop limits on all of my long term holds with gains of 25% or more to protect me. I don't want to be on a plane, on the course or out of pocket when the market decides to take a shit, too much at stake.
On the buy side, I exercise patience and alway buy with limit orders. Very, very seldom did do I buy at the market.
I hope this helps.

[New-born baby]

Thanks

That's very easy. I have what I call "rolling" stop losses or stop limits to protect the downside.
Real life examples: On my current position in E Trade, I had a stop limit of 17.23, which I raised to 18.45 today. If unforeseen factors crop up that adversely affect the stock and cause it to drop, I am covered. If the price fell to 18.45, that stop limit I have in place triggers, and automatically becomes a market order and sells off my stated number of shares. In this case, 18.45 will lock me in a 50% gain over my cost basis of 12.30.
My next raise on the stop limit will go to 19.68 for a 60% lock when the stock gets a little higher.
I like to keep a comfortable corridor between the stock price and my stop loss. This is to prevent selling off too soon. Each person needs to decide how much of a spread they can handle between. I have no hard fast rule on the corridor, and it varies greatly from stock to stock.
Now, if, and only if, I go in for more at 24.50, that will raise my average cost basis up to 16.37. At this point, I will adjust the stop loss to either 19.65 or 20.50. This would give me a lock on either 20 or 25%.
I know that several around here don't use or believe in limit orders or stop limits. I have stop limits on all of my long term holds with gains of 25% or more to protect me. I don't want to be on a plane, on the course or out of pocket when the market decides to take a shit, too much at stake.
On the buy side, I exercise patience and alway buy with limit orders. Very, very seldom did do I buy at the market.
I hope this helps.

Thank you, ADman. I appreciate your explanation. I didn't know if you bought puts or used stops or some other strategy to protect yourself.

Obviously you are convinced ET is a going to be a continued big winner. I thank you for the input. Now, is there some post you have made, besides the last two in this thread, that you "wrote up" (like Mr Market does) your reasoning behind the $35 target? Myself, I look only at charts, aka, a technician. Do you buy/sell from a fundamental basis? If so, what reasons would you give me to buy ET?

[Adman]

Thank you, ADman. I appreciate your explanation. I didn't know if you bought puts or used stops or some other strategy to protect yourself.

Obviously you are convinced ET is a going to be a continued big winner. I thank you for the input. Now, is there some post you have made, besides the last two in this thread, that you "wrote up" (like Mr Market does) your reasoning behind the $35 target? Myself, I look only at charts, aka, a technician. Do you buy/sell from a fundamental basis? If so, what reasons would you give me to buy ET?

I have a many reasons, one of which includes you being here.
With the market heating up, the amount of "home gamers" increases.
I have read various reports indicating the number of people getting back into the market and doing their own trading, has risen steadily over the past several months (new accounts) and the amount of activity on existing accounts has increased dramatically since October.

I was on AMTD for a while, received a nice gain, but the TD Waterhouse integration has slowed them down a bit, compared to ET.
ET is heading towards a vertical integration of the financial sectors with personal banking, ATM's, mortgages and the like. It will only be a matter of time before they ferret out an insurance company to take over (read life and annuities).

Also, the number of ACAT's coming into ET is on the rise also. An ACAT is the transfer of an account from one brokerage house to another.
My number of 35 represents a growth of approx. 45% from today’s level.
That is my number today, if the market turn sour, you will see all the home players slow down, resulting in a slowed growth or pullback of the brokers in general.

[Peter Hansen]

AMN Chart .......Looking Good!

New Born This AMN looks set for small pop here and the fundamentals for this stock are super........What say you?

[New-born baby]

Amn

New Born This AMN looks set for small pop here and the fundamentals for this stock are super........What say you?

Hi, Pete.
I was out of the office all day today, and will be so on Friday. I assume you posted before the open today. So sorry I could not write back sooner.

Here again you've identified another Cooper 1-2-3-4 play (if the RS<95). I like these picks. I see by today's action it had a small gain. Target for AMN is $71, and I notice it closed below the 10 day. AMN has no option chain, so for that reason alone I'd personally leave it alone. You should note that today's up action was ON VERY, VERY TINY VOLUME. Of course, this stock has tiny volume everyday.

In summary, chart wise, you have a target. But you should be aware that there a two major reasons I personally would avoid this one: no option and very small volume. More risk than I personally like to take on.
Best to ya, Pete.

[New-born baby]

ADman

I have a many reasons, one of which includes you being here.
With the market heating up, the amount of "home gamers" increases.
I have read various reports indicating the number of people getting back into the market and doing their own trading, has risen steadily over the past several months (new accounts) and the amount of activity on existing accounts has increased dramatically since October.

I was on AMTD for a while, received a nice gain, but the TD Waterhouse integration has slowed them down a bit, compared to ET.
ET is heading towards a vertical integration of the financial sectors with personal banking, ATM's, mortgages and the like. It will only be a matter of time before they ferret out an insurance company to take over (read life and annuities).

Also, the number of ACAT's coming into ET is on the rise also. An ACAT is the transfer of an account from one brokerage house to another.
My number of 35 represents a growth of approx. 45% from today’s level.
That is my number today, if the market turn sour, you will see all the home players slow down, resulting in a slowed growth or pullback of the brokers in general.

Thank you ADman for your fundamental analysis of ET. I recently--just yesterday--received a notice from an analyist recommending ET to his subscribers.

[Peter Hansen]

New Born Thanx

Hi, Pete.
I was out of the office all day today, and will be so on Friday. I assume you posted before the open today. So sorry I could not write back sooner.

Here again you've identified another Cooper 1-2-3-4 play (if the RS<95). I like these picks. I see by today's action it had a small gain. Target for AMN is $71, and I notice it closed below the 10 day. AMN has no option chain, so for that reason alone I'd personally leave it alone. You should note that today's up action was ON VERY, VERY TINY VOLUME. Of course, this stock has tiny volume everyday.

In summary, chart wise, you have a target. But you should be aware that there a two major reasons I personally would avoid this one: no option and very small volume. More risk than I personally like to take on.
Best to ya, Pete.

One stock picker recommends at least 500K volume in a stock......much lower spread than a lower volume stock. Your advice is sound......thanx Pete

[New-born baby]

DO--long

Here's a play. The weekly looks awesome; so I'll show you the daily.

[rickflyboy]

Fdg

New Born,

Are you buying more FDG after todays drop?