Hot Pick Of The Day

[ninner]

2 stocks im watching

are IDTI and NTRI...both are acting strong today

[New-born baby]

are IDTI and NTRI...both are acting strong today

Most stocks are acting strong today, save for JOBS, MFLX and all the housing stocks. What kind of play do you have in mind for NTRI? Looking for a bounce to $54 and then short her? Or are you looking long?

IDTI had a huge gap up today. $24 target.

[New-born baby]

i will try to do that...same to u buddy!!! Looking at some of the industry groups that are strong today confirms that this is a pretty weak market....the trend is down(WOW that is a no brainer LOL)

Yes, today is just a one day bounce. Watch out tomorrow!!

[New-born baby]

I shorted HON yesterday at 38.15
I am looking at first target of 37.0

Yes, I suspect HON is going to drop to $36 or lower. Nice work, ALice. Thank you for posting it here

[ninner]

ntri

well if the candlestick holds as it is or gets stronger...i would wait to see tomorrow and see how it opens...if it opens strong tomorrow i would hope that they take it up to the 50 day moving average...the Stochastics are in favor of that ...i guess have to see what happans if it gets to the 50....could make a good 7-8 points maybe if it starts showing weakness yes i would try and short it. However, last time i tried ....there were no shares available to short...like u kinda ticked me off.

[New-born baby]

well if the candlestick holds as it is or gets stronger...i would wait to see tomorrow and see how it opens...if it opens strong tomorrow i would hope that they take it up to the 50 day moving average...the Stochastics are in favor of that ...i guess have to see what happans if it gets to the 50....could make a good 7-8 points maybe if it starts showing weakness yes i would try and short it. However, last time i tried ....there were no shares available to short...like u kinda ticked me off.

If there are no shares to short then buy a put or sell a call. You can always find a way Look at this daily and see if you agree:

[ninner]

word of caution

however, i dont think this is any type of candlestick signal ...so this could be just a bounce...i missed AEHR about week ago when it showed a bullish harami...which finished a good portion up that red candle...the stochastics were well in the oversold area which confirms the signal as well as that volume surge. the next day it opened higher than the previous day open which confirms that signal and now its up over 30% in about a weeks worth of trading...DOH ...i will be watching that one alot closer .....i was watching it in late july when it was falling and then took forgot about it.

[ninner]

Nb

here is another strong one i found last night PCR...i believe that is a nice ole kicker signal in the oversold area......must be some news going into it today. It may test the 26 area.

[ninner]

ntri

If there are no shares to short then buy a put or sell a call. You can always find a way Look at this daily and see if you agree:

yes i agree...i believe that is a tweezer top and a big resistance area I missed that when i first looked at it so thanks for pointing that out to me...it may have a hard time getting through there. So if it failed that would u buy puts and what strike price would u use...im not very well versed in option trading.


cheers

[New-born baby]

here is another strong one i found last night PCR...i believe that is a nice ole kicker signal in the oversold area......must be some news going into it today. It may test the 26 area.

Fairly thin volume stock ... avg. 191k per day. Needs to clear $23.20 resistance to make me feel better It may do it. Up on 2x normal volume.

[ninner]

idti bought 100 shares at 16.49

figured i would give it a go nice little gap today.

[New-born baby]

yes i agree...i believe that is a tweezer top and a big resistance area I missed that when i first looked at it so thanks for pointing that out to me...it may have a hard time getting through there. So if it failed that would u buy puts and what strike price would u use...im not very well versed in option trading.


cheers

Ninner,
When buying puts, always buy in the money puts. SO that would be a $55 put. And give yourself some time: Sept puts. And there is another play. Sell the $55 calls and if you are wrong, you buy the stock.

[New-born baby]

Idti

figured i would give it a go nice little gap today.

Best wishes with it.

[New-born baby]

That's strange. IB says it's shortable. Hmm.

Rob,
Here's a Handysnap ugly picture of what the IB notice said. I don't want you to think I am lying about it.

[alice4321us]

First Target Nearing

Yes, I suspect HON is going to drop to $36 or lower. Nice work, ALice. Thank you for posting it here

My First Target of $37 might be acheived today itself. MACD crossover and declining OBV, no volume support. Bearish.