Hot Pick Of The Day

[New-born baby]

More Junk

If you like junk stocks, here's one headed to the garbage heap: LF. Has a nice target of 50 cents. Currently $8. Man this thing is ugly.

[Rob]

Looking for a very bullish chart. Here's one: PG. You know, Charmin.

NBB, I agree that the Procter & Gamble chart looks bullish, and who knows but that it could run to 72. I'd be cautious with it however, because with 4 consecutive quarters of declining EPS, that all-time high of 62.50 back on March 13 this year is going to be some pretty tough resistance to slug through.

[New-born baby]

NBB, I agree that the Procter & Gamble chart looks bullish, and who knows but that it could run to 72. I'd be cautious with it however, because with 4 consecutive quarters of declining EPS, that all-time high of 62.50 back on March 13 this year is going to be some pretty tough resistance to slug through.

Thanks for the info. It will be one to watch for the fun of it. I don't think I will play it. What would you can it: a defensive stock? Recession hits but the toilet paper business is not affected?

[New-born baby]

Omx

OMX is a very bullish chart. Today she gapped up to an alltime high. We are looking for $55 out of her. And she sports a decent option chain. Nice chart

[Rob]

Thanks for the info. It will be one to watch for the fun of it. I don't think I will play it. What would you can it: a defensive stock? Recession hits but the toilet paper business is not affected?

P&G is the classic defensive stock. You betcha. Pringles and Prell.

[New-born baby]

Holx

HOLX is going to fall through the gap very soon. How about on Friday?
1st target $38, second target $36

[New-born baby]

Axr

AXR doesn't look like a long to me. Forming the classic head and shoulders top right now. Watch the $40 resistance and see if AXR has the guts to bust down the door. If so, then short the $47 right shoulder if she gets there. I wonder if AXR might struggle at the $40 marker right now. And don't forget that BEAR-nard is going to speak Tuesday.

[ninner]

Drys

ANYONE following this stock....i have been in since 11.60....still looking strong...

cheers

[New-born baby]

ANYONE following this stock....i have been in since 11.60....still looking strong...

cheers

Shipping must be taking off everywhere. Look at my sorry short on POTW.
Drys is bullish alright. I marked the significant resistance points for price targets. Next stop: $15

[New-born baby]

Mflx

MFLX is still not ready to bounce. I would expect MFLX to return to $20. Hopefully that will make a double bottom and she can start recovering. Current resistance is $25, and yes, if she does bottom, she has plenty of overhead resistance to overcome.

[New-born baby]

Amln

I remember the time Jiesen called AMLN out. It was about $16. He said he thought it would see $50 by June. Yeah. It did. Now it looks bullish to $60, and PnF says $70. Watch for the breakout.

And just as stocks reach great heights, they also take great falls. HUGE, Mr Market sized gap left in the rear that Spike, no doubt, will short down with a vengence in time to come. AMLN is already trading at what, 60X 2011 earnings?, or some horrendous figure like that. I don't care. I just trade the chart, long or short. Right now it is long.

[Rob]

New-born baby, I must say your graphics are looking much better lately! Don't think I haven't noticed. I suspect others have as well.

[New-born baby]

New-born baby, I must say your graphics are looking much better lately! Don't think I haven't noticed. I suspect others have as well.

Thanks,Rob!

How'd like that GooG action yesterday? And EBAY!

[Rob]

It was a little welcome relief as you may well imagine. I'm not popping the champagne cork yet though. I'd like to see some follow through. The bigger surprise yesterday was what happened with ImClone in the afternoon. My Aug. 35 puts took a hit, but they're only there as insurance on my shares anyway.

[New-born baby]

It was a little welcome relief as you may well imagine. I'm not popping the champagne cork yet though. I'd like to see some follow through. The bigger surprise yesterday was what happened with ImClone in the afternoon. My Aug. 35 puts took a hit, but they're only there as insurance on my shares anyway.

Rob,
I'd be holding those puts. What happened on July 17 was that IMCL broke support and the PnF warned of $22, and yesterday's price action was the usual retest of the broken neckline. The bears will probably be shorting her down today. As usual, I could be wrong