Hot Pick Of The Day

[New-born baby]

GM awful weak

Spike,

GM is awful weak right now. Yesterday announced layoffs (3000) in Lansing MI. That's a new plant (built around 2000). Also 9 weeks of downtime in Janesville, WI due to slowing SUV sales.

[spikefader]

Spike,

GM is awful weak right now. Yesterday announced layoffs (3000) in Lansing MI. That's a new plant (built around 2000). Also 9 weeks of downtime in Janesville, WI due to slowing SUV sales.

Yep. One could have chased the channel turn down at yesterday's open too. You'd be right from the get go. Those channel turns can really be worth chasing for the right stock.
Here's the previous chart.
Today, the weekly channel turn down with a break of the volume by price support could justify an entry short. It just broke a double bottom, so short from 34.82 right now is probably worth it. Stop at 34.96 is wise though, since it's a chase. A wiser move is to stalk an entry at say a pivot one day next week.

[jiesen]

http://finance.yahoo.com/q/bc?s=TM&t=2y&l=on&z=m&q=l&c=

All your money are belong to TM.

[spikefader]

Re short here earlier today.
Love it when a plan comes together!

[New-born baby]

Emotionless Trader

Here he is: the new Martha Stewart Emotionless Trader



Click on image for detail.

[New-born baby]

Chart school

Adam teaches the 'boys how to read Spike's charts.

[spikefader]

Here he is: the new Martha Stewart Emotionless Trader

haha nice one. Not a bad 12.9 points or 37.5% in 9 days! Talk about selling the good news!

[New-born baby]

haha nice one. Not a bad 12.9 points or 37.5% in 9 days! Talk about selling the good news!

Spike,

AAAHHH! I just read your post, and the terrible thought came to mind that my ugly picture of the emotionless trader could have been interpreted to mean that I posted that picture saying you looked like that "thing." That was not my intention at all! I saw that pic on Drudge, and since Martha does the fashion thing, (as well as stock buying/selling), I figured I'd throw it up on the board.

If anyone took it to mean I was making fun of Spike, I apologize. That wasn't my intention at all.

But I do offer HUGE congrats to Spike for the MSO short.

[billyjoe]

This has to be the thread for this question. I know lots of people are talking about going to all cash and yet we all know there's still some great stocks out there. If only we can pick the one. I'm close to all cash myself and was thinking should I stay out or buy . The question is if you could only own one stock tomorrow what would it be? And why? Thanks. Maybe I'll buy the most convincing stock.

billyjoe

[RL]

I'm close to being all out of cash.

[spikefader]

Spike,
If anyone took it to mean I was making fun of Spike, I apologize. That wasn't my intention at all........but I do offer HUGE congrats to Spike for the MSO short.

No offence was taken Bro! And thanks.

[New-born baby]

BillyJoe

This has to be the thread for this question. I know lots of people are talking about going to all cash and yet we all know there's still some great stocks out there. If only we can pick the one. I'm close to all cash myself and was thinking should I stay out or buy . The question is if you could only own one stock tomorrow what would it be? And why? Thanks. Maybe I'll buy the most convincing stock.

billyjoe

I think that earnings season is going to give us a pop. Why? Because the sentiment index is near 20 (oversold), and some of the best pops in the market have come when the confidence is so low. I would just say you might look real hard for some promising stuff. Right now I am moving 9 miles down the road, so I am not researching like I need to produce a hot pick each week. I wish you had bought FRO at $44 like I called on this thread.
Did you get the Interactive Brokers account like I suggested? If so I have picks for you this very week. Write and let me know.

[Websman]

I'm still all cash, but I probably won't be for long.

[New-born baby]

It's a fact

Yes, it's true:

All rallys are started by the short sellers getting squeezed.

[Websman]

Yes, it's true:

All rallys are started by the short sellers getting squeezed.

Yes, and the shorts are coming on strong. The rally should be starting soon.