Hot Pick Of The Day

[Peter Hansen]

NbB Forgot about Stock Charts It's There MGA.V

Well, I can't say a thing about it. The reason: Stockcharts doesn't even list it, and my broker, InteractiveBrokers, doesn't play with stocks like that. Sorry.

I'd say that I personally stay away from micro, micro companies. That's just me.

NB Wow I looked at it on Stockcharts.com MGA.V .needless to say it is extended ......but what a rocket !

[New-born baby]

NB Wow I looked at it on Stockcharts.com MGA.V .needless to say it is extended ......but what a rocket !

I have it now! That's a topping tail on yesterday's candle. Careful.
Yes, it has been a rocket. Uranium is hot right now. And MGA.V may go higher--probably will with the price of energy.

That stock is on the Vancouver Exchange in Canada. No wonder I could not find it!

[New-born baby]

$24.75 entry

AGO has sent out buy signals. Sitting dead on support, with gap support underneath. Buy the stock at current levels ($25), stop at $24.49, risking just .51, with a target of $26.75, a r/r of 6/1!

Okay, let's see how we do from $24.75 on AGO. Stop at $24.49.

[Peter Hansen]

Nb Mygn???

New Born MYGN just popped up on my radar screen....looks as if it took a rest ................and maybe gettng set to blast off again. I am not to crazy about the chart!

[New-born baby]

I still like it

New Born MYGN just popped up on my radar screen....looks as if it took a rest ................and maybe gettng set to blast off again. I am not to crazy about the chart!

Pete:
I still like MYGN. It took a dump on the trumped up charges by some person--read about it on the thread "MYGN" by NY4ever.

I do think it is moving higher. I have a preliminary target of $36.50. I think the correction was justified and even good for the stock. It had moved up too high too quickly, and the support just wasn't there. Right now it is building a base from which to sky higher. I like it . . . .

Daily here--weekly looks even better by far Look at the weekly and see where MYGN took a two week dump and what happened thereafter . . . it's nice.

[Peter Hansen]

New Born LAZ Great Chart

NB LAZ has a great chart, but its fundamentals leave much to be desired. Any thoughts on this one?

[New-born baby]

LAZARD the HAZARD

NB LAZ has a great chart, but its fundamentals leave much to be desired. Any thoughts on this one?

Pete,
This one looks too extended to me. New issue that is seemingly running out of momo. Sporting a few topping tails of late . . . weekly offers some whispers of danger. I see no safe entry. The option chain is weak and unsafe as a Russian airliner. Weekly and daily charts and comments below. That just my view.

Weekly sports a hanging man. Read about it here It also is wearing a 'doji' that you can read about down in my signature called "chart pattern of the week."



The daily:best I can say here is that I have drawn the current support/resistance lines. Smart money buys support, sells resistance.

[New-born baby]

Laz

Well, I may be too bearish for some, but LAZ has taken a $1.25 hit already today.

[New-born baby]

Ago

Sold half of AGO at $24.99 and moved the rest of stop to even at $24.75.

[RL]

Dark Candle

NB What dose the dark candle In the chart for PAAS Indicate on stock charts?

[New-born baby]

NB What dose the dark candle In the chart for PAAS Indicate on stock charts?

A dark candle means that the stock opened higher than it closed, but that it was still above yesterday's close. For example, if GM closed yesterday at $22, but then gapped up today to open up at $25, but closed at $23, it would have a black candle to show you that it opened higher than it closed, but still above yesterday's price.

[RL]

Thanks much

[New-born baby]

Out the door

Sold half of AGO at $24.99 and moved the rest of stop to even at $24.75.

Stopped out of AGO with a small profit this morning.
Bought at $24.75
Sold half at $24.99.
Other half stopped out at $24.75.
Profit: $.24 on one half of the position, or $.12 on the total position.
Minus commisions and the profit was $.11 per. (hey, I didn't lose money )
NEXT!

[Lyehopper]

Suf....

NB-Baby.... Your POTW play is HOT dude!.... No!.... It's HUUUUGE!!!!

[New-born baby]

SUF is hot

SUF is hot and, I think, going to get hotter still.