Hot Pick Of The Day

[DSteckler]

[QUOTE=noshadyldy]

Move to the hinterlands of Montana and bring plenty of toilet paper, because the sky is falling....<VBG>

Yhea, well you're just lucky grammy's not here any longer. She'd whoop the tar outta you!

LOL! She needs to stand in line because there's quite a few people ahead of her in that department <VBG>.

[New-born baby]

Mflx

Hey, NNB: how are u?
wondering if u had time .. would u update your charts and your thoughts on mflx?

Cordially,
Geri

Geri,
Great to hear from you. I trust all is going very well for you.

MFLX: if you are not in this one, I would suggest you stay away. The general market conditions are awful, and would bring down any stock at this time. Unfortunately, MFLX has suffered severe damage to the chart totally unrelated to the recent stock market drop. There is just no way to forecast when money will start flowing back into the stock. There is a gap between $21 and $24, and another gap between $31 and $28. If MFLX does not halt at the $31 mark (gap support, which usually takes about one good rap before it fails), then MFLX will probably fill the gap pretty quickly.

On the other side of the coin, MFLX is severely oversold and you'd think it ought to bounce soon. But taking a long on a stock that is under its 200 day is just too risky. There are better plays out there.

[New-born baby]

I think your fears are unfounded. The US dollar isn't going anywhere. There will be up and down periods but the world relies on the US and our money isn't going to fail. I would be much more concerned with foreign currencies failing or being disrupted.

Ski,
Here I go disagreeing with you again. I guess it has become my habit, hasn't it?

Let me just say this: Warren Buffet disagrees with you on the USD. So I wouldn't say my fears are completely unfounded.

[DSteckler]

Buffet doesn't think the USD is going to fail, he thinks it's going lower. Big difference.

[DSteckler]

Buffet doesn't think the USD is going to fail, he thinks it's going lower. Big difference.

[New-born baby]

NOshadyGOLDlady:

Thanks Ski, but i'm still missing something. If I trade currency, great, I now have euros or whatever. But can I trade in them? If not, I'm holding for example GLD for 5K USD that may be devalued daily or at some point, dramatically fall. Can I hold GLD (or whatever) in a foreign currency?
It's a bummer to have to worry about not only the falling of your holdings, but the falling of the currency in which you hold them as well. (once again, thoughts of my sainted polish grammy come to mind with stories of worthless paper once Tsar Nicholas was overthrown. Actually, she was White Russian, part of who's territory later became Poland, which is why she was holding the money as well as a picture of the Tzar and his family. just another tidbid of information about NSL's background)

You have IB. Look on the TSX for the symbol for GLD, and buy it on the TSX with your IB account. It is just that simple.

Be aware that the GLD chart is pretty ugly right now. Look at it: gapping down. And no option chain, either.

[skiracer]

Ski,
Here I go disagreeing with you again. I guess it has become my habit, hasn't it?

Let me just say this: Warren Buffet disagrees with you on the USD. So I wouldn't say my fears are completely unfounded.

There is nothing wrong with disagreeing with me or anyone else as long as everyone can defend their position. I have no problem with that. I own 1000 shares of GLD from $46. What do I have to worry about except gold going down itself. If the dollar goes lower then the value of GLD or gold in general will appreciate. You'll have to explain to me what her worries are and what advantages there are in buying the ETF on the Toronto exchange. If there is a problem it's that she is thinking about an entry much later than she should have been thinking about doing it. I've mentioned several times about gold and the ETF for it (GLD) and there really hasn't been any positive dialogue about gold in general as it rose almost 20 to 25 points in the ETF. Is there anyone else here on these forums who put some capital into gold, in any fashion, since it was below or in the 50 range? I see no advantage in buying it on any Canadial exchange especially if the Canadian dollar is exchanging at a higher price than the USD. Am I right in that assumption? If the Canadian dollar is stronger than the USD then if you were exchanging Canadial for US you would get less for the USD in the transaction and buying in Canada with USD would get you less for your dollar so it would cost you more to buy the same amount in Canada as you could on a US exchange.

[New-born baby]

There is nothing wrong with disagreeing with me or anyone else as long as everyone can defend their position. I have no problem with that. I own 1000 shares of GLD from $46. What do I have to worry about except gold going down itself. If the dollar goes lower then the value of GLD or gold in general will appreciate. You'll have to explain to me what her worries are and what advantages there are in buying the ETF on the Toronto exchange. If there is a problem it's that she is thinking about an entry much later than she should have been thinking about doing it. I've mentioned several times about gold and the ETF for it (GLD) and there really hasn't been any positive dialogue about gold in general as it rose almost 20 to 25 points in the ETF. Is there anyone else here on these forums who put some capital into gold, in any fashion, since it was below or in the 50 range? I see no advantage in buying it on any Canadial exchange especially if the Canadian dollar is exchanging at a higher price than the USD. Am I right in that assumption? If the Canadian dollar is stronger than the USD then if you were exchanging Canadial for US you would get less for the USD in the transaction and buying in Canada with USD would get you less for your dollar so it would cost you more to buy the same amount in Canada as you could on a US exchange.

.
You are probably correct in saying that there is no advantage in buying GLD on the Toronto Exchange. The advantage would come if she bought a company not already listed on the US stock exchanges, assuming that 1. the CD appreciates against the USD, and 2. the company she buys either remains the same price or appreciates in value.

[billyjoe]

New-born,
AACE looks ripe to me. What do you think?

billyjoe

[New-born baby]

New-born,
AACE looks ripe to me. What do you think?

billyjoe

Yeah. Sure. Above $27.37 is a buy point, and no way I'd be holding it below $25. Below $25 is broken neckline signalling a fall to $21 or lower. Above $27.37 signals a target of (1st) $29 and (2nd) $37.

[gerihearne]

thanks nb

Geri,
Great to hear from you. I trust all is going very well for you.

MFLX: if you are not in this one, I would suggest you stay away. The general market conditions are awful, and would bring down any stock at this time. Unfortunately, MFLX has suffered severe damage to the chart totally unrelated to the recent stock market drop. There is just no way to forecast when money will start flowing back into the stock. There is a gap between $21 and $24, and another gap between $31 and $28. If MFLX does not halt at the $31 mark (gap support, which usually takes about one good rap before it fails), then MFLX will probably fill the gap pretty quickly.

On the other side of the coin, MFLX is severely oversold and you'd think it ought to bounce soon. But taking a long on a stock that is under its 200 day is just too risky. There are better plays out there.

Thanks NBB ... appreciate the info ...
all's well here ... wish the market was doing as well

[DSteckler]

Gld

Keep in mind that even if you hold it for longer than a year, GLD will not qualify for the low long term capital gain rate. That assumes you're not holding it in an IRA, of course.

[Peter Hansen]

New Born Intc Option?

NB I like the prospects for INTC in the future I bought a small position in INTC LEAPS Call Letters WNLAD JAN 20 08 CALL .......I realyl think INTC will surpass the 20 dollar mark by 1/08 ........any thoughts on this one ?

[Peter Hansen]

NB DIL Check out this sleeper !

NB DIL looks good here what say you?

[New-born baby]

NB DIL looks good here what say you?

WELLLLLLLLL:
I don't know if I like it here or not. Here's what concerns me:
1. It has run up too hot, and I got a high pole warning on 17 MAY.
2. RSI on weekly overbought.
3. Yes, I see that potential cup and handle on the weekly, but remember: a cup with handle is only a cup with handle IF it explodes higher than the rim on volume. Otherwise it is a bearish double top, which could be the case here with DIL. Right now we are having the retest of the rim, (a normal thing), but brings us right to the edge of a cliff.
4. What the weekly chart looks like to me is a cup with handle failure in progress. If $6 fails . . . We will know more in the next couple of weeks, but until then . . . .
5. This one is a Twilight Zone stock, imho.
6. Remember, most cups fail in a bearish market. It is the bull market where the cups really perform.

IF you want to play this one, here's my ten cent advice:
Either 1. buy the support here at $6 and keep a very close stop on it, or
2. Wait for the breakout above $8.50 on volume.