Hot Pick Of The Day

[New-born baby]

Grasshopper

Nice to see you adding the chart lessons NB! That last one inspires me to find a descending triangle for POTW Keep up the great work.

Spike,
Would the master technician consider posting a descending triangle here sometime this week? We would be honored,

Signed,
Grasshopper

[DSteckler]

The PCAR daily chart you posted is a descending triangle, NBB. It does not need to break the support line around 67 1/2 to make it a triangle; the breaking of support enables you to calculate a target objective.

[skiracer]

[QUOTE=noshadyldy]

Again, I say, the real thing: GOLD. It's gold that is headed to $3,000 per ounce, not a gold stock.




Thanks NB. People refer to buying gold and oil all the time on these boards and they are actually referring to the stocks so I just wanted to be clear.
Regarding buying the actual gold, I always seem to resist that. Not much fun. But I'm reconsidering. The part of 'me' that gets me in the most trouble with my trading is my impulsivity. That really would not be a factor with a box of actual gold. I can see where I would benefit from that type of investment. Not unlike real estate which has been a mainstay investment throughout my family. I had a grammy (my polish grammy whom I sometimes quote as saying "tufshitsky")who came through Ellis Island back in the very early 1900's at age 19. She set up a boarding house and was buying up real estate by the time she was in her 40's. Tough gal. (made her own moonshine, too) Died at 102, still proud and dignified in a quiet way. sigh...

anyway, thanks again.

I think NB is more than a little over the top on the call for gold to go to $3000. But if you're interested in buying some gold and taking physical possession then you might want to look into gold coin. The Krugerrand, the American Eagle, the Canadian Maple Leaf, and the Swiss 20 Franc are great investments for taking actual possession of the gold itself. As a hedge against an economic collaspe or just as an investment the gold coins not only appreciate as gold appreciates but also as the individual mintings of specific years become rarer over time. You'll pay a premium for the coins over the ETF (GLD) as some of the coins are rarer than others but like antiques or anything older and rare the value lies in the rarity along with the value of the commodity itself. As far as gold going to $3000. Stop and think about that one for a moment. It would have to increase 5 fold from this point. What factors would drive it to increase to that level? I like it to go over $600 but wouldn't be buying any gold stocks. GLD, the gold ETF, is an easy way to get in on gold but the timing right now is not as good as it was last year at this time.

[Peter Hansen]

New Born 2 more for the gipper SFE & NEU

New Born.......SFE popped up on my stock signal pro program.......fundamentals not bad.......but chart seems to indicate a run from thise point in time.......NEU Super Fundamentals........super chart.....but may be overextended.....I do like it because of super fundamentals......SFE is my POW pick becuse of its low price .....and ability to rack up high percentage gains.......check these out...... NEU looks better over the longer haul? Have a Great Palm Sunday ..........Pete!

[New-born baby]

Peter Hansen!

New Born.......SFE popped up on my stock signal pro program.......fundamentals not bad.......but chart seems to indicate a run from thise point in time.......NEU Super Fundamentals........super chart.....but may be overextended.....I do like it because of super fundamentals......SFE is my POW pick becuse of its low price .....and ability to rack up high percentage gains.......check these out...... NEU looks better over the longer haul? Have a Great Palm Sunday ..........Pete!

Hi, Pete!
NEU chart:Extended? Chart has taken off like its launching the stock into orbit! Incredible. The stock has superceded its price target, and frankly, its in the twilight zone, so I have no new target. When the fuel runs out, it returns to earth. I don't know when that will be. If you enter here, you just buy and put a stop under it, because it has no options.

SFE:well, she's sitting on support and has a $5.75 price target--on a $2.44 stock. Looks bullish. Right now working on a cup with handle, and probably a real good place to enter this stock. You watch Monday a.m., if you don't enter in the first 2 minutes, this one rockets higher and you'll miss your entry. Nice pick.

[noshadyldy]

[QUOTE=skiracer]

I think NB is more than a little over the top on the call for gold to go to $3000. But if you're interested in buying some gold and taking physical possession then you might want to look into gold coin. The Krugerrand, the American Eagle, the Canadian Maple Leaf, and the Swiss 20 Franc are great investments for taking actual possession of the gold itself. As a hedge against an economic collaspe or just as an investment the gold coins not only appreciate as gold appreciates but also as the individual mintings of specific years become rarer over time. You'll pay a premium for the coins over the ETF (GLD) as some of the coins are rarer than others but like antiques or anything older and rare the value lies in the rarity along with the value of the commodity itself. As far as gold going to $3000. Stop and think about that one for a moment. It would have to increase 5 fold from this point. What factors would drive it to increase to that level? I like it to go over $600 but wouldn't be buying any gold stocks. GLD, the gold ETF, is an easy way to get in on gold but the timing right now is not as good as it was last year at this time.

Thanks Ski,
It's all good advice. Hey, anyone here have any feelings regarding Berylium? I read it's going to be a hot metal, very light, better than titanium, great for the space program/Nasau?
Also, do you recommend buying gold over the net or from a local?
thanks.
m

[skiracer]

[QUOTE=noshadyldy]

Thanks Ski,
It's all good advice. Hey, anyone here have any feelings regarding Berylium? I read it's going to be a hot metal, very light, better than titanium, great for the space program/Nasau?
Also, do you recommend buying gold over the net or from a local?
thanks.
m

I'm assuming you're talking about coins and not bullion. I've never bought any gold bullion bars myself and don't know whether or not you can do that. As far as the coins are concerned I would search the net for a reputable dealer or find someone local who deals in gold coin. I would advise speaking to several different dealers and bargain for your best quote. You should be able to get a better deal and price that way. When dealing in metals of any kind experience is the key. Knowing the play and how it works pays off in the long run. Like anything it pays to know what you're trading along with the in's an out's of the commodity. Good luck.

[noshadyldy]

[QUOTE=skiracer]

I'm assuming you're talking about coins and not bullion. I've never bought any gold bullion bars myself and don't know whether or not you can do that. As far as the coins are concerned I would search the net for a reputable dealer or find someone local who deals in gold coin. I would advise speaking to several different dealers and bargain for your best quote. You should be able to get a better deal and price that way. When dealing in metals of any kind experience is the key. Knowing the play and how it works pays off in the long run. Like anything it pays to know what you're trading along with the in's an out's of the commodity. Good luck.

Thanks again, Ski. i think when I decide to actually do the real stuff, I'll meet with a local gu. I'd want to see what I'm getting.

[DSteckler]

[QUOTE=noshadyldy]

Thanks Ski,
It's all good advice. Hey, anyone here have any feelings regarding Berylium? I read it's going to be a hot metal, very light, better than titanium, great for the space program/Nasau?
Also, do you recommend buying gold over the net or from a local?
thanks.
m

Is Berylium publically traded on one of the commodity exchanges? I don't believe it is but don't know for sure. Maybe there are publically traded companies that mine Berylium?

Me, I prefer gold pressed latinum....<g>

[Peter Hansen]

StecklerForChange of pace try TIE Titanium

Tie have made money with this one titanuim is an exotic metal used in jet fighters . TIE is the way to play titanium

[noshadyldy]

Beryllium chart - check out 10 year chart for BW. looks like a 9 year reversed head and shoulders breaking out. GREAT fundies too. Whadaya think people?

also interesting is OLN. Might be good for a little zig.

[New-born baby]

ONE to WATCH

Here's one to watch: AA.

AA--I don't know the fundamentals of this one, other than that AA stands for ALcoa Aluminum, that they report earnings after the close, and that commodities are hot. Technically, the chart is bullish. Both the weekly and the daily say that higher prices are in vogue. The PnF chart screams that $52 is a proper target. But I don't trust these guys. IN 2004 Jimmy Eugene Cramer was pumping AA, and $38 was hit the day of earnings. But after the close the stock dropped $2 when they missed by $.01. Nevertheless, according to my rules, believe the chart and set everything else aside. Therefore, I present to you two bullish charts on AA. First, the weekly, with upside resistance points clearly marked, and then the daily, which like the weekly, supports a cup with handle breakout. I would welcome comments about how you would suggest one play this one.

[DSteckler]

Neither the daily nor weekly patterns of AA are cups; the weekly chart is a V-bottom reversal and the daily chart is a W formation.

Both the weekly and daily pullbacks leading to the breakout are a J-hook, not a handle.

The weekly chart is an inverse H&S pattern that broke through the neckline last week. Since the daily chart is overbought it makes sense to wait and see if there is a pullback to the neckline (32 1/4) that holds. If it does, that might be a good time to enter a long trade.

[New-born baby]

AA Pops

AA pops on earnings this morning, and it looks like AA is headed to higher ground. IF AA busts through resistance at $38, this baby is set to run hard to $52+. Incredible.

[New-born baby]

Su

SU has a low volume day and is pulling back right now. Support is $81.34. This would be an excellent entry point. Target = $109

Bounced twice off of the $81.50 marker and is headed higher