Hot Pick Of The Day

[New-born baby]

Amln

So very sick, AMLN, that the target has been reduced to $31. I sold the SEPT $45 call for $1.80, and then took that money and bought a SEPT $40 put at $1.65 on Thursday, I think. If she continues to dive, I profit twice: call and put. Chart is ugly, Mildred.

[spikefader]

So very sick, AMLN, that the target has been reduced to $31. I sold the SEPT $45 call for $1.80, and then took that money and bought a SEPT $40 put at $1.65 on Thursday, I think. If she continues to dive, I profit twice: call and put. Chart is ugly, Mildred.

The daily looks top heavy doesn't it? I don't think it's too sick looking yet though. The weekly shows 38.20-39.00 should support well.

BUT...a daily close below $38.10 gives it a chance to gap fill down at 22.00, a nice 43% profit potential.... worth watching I think.

NB, did you see PARL today?


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[ninner]

thanks nb

for posting my thoughts and prayers will be going out to your fatherinlaw....im sure he will be fine.......i really enjoy your analysis ...keep it up buddy

ninner

[New-born baby]

The daily looks top heavy doesn't it? I don't think it's too sick looking yet though. The weekly shows 38.20-39.00 should support well.

BUT...a daily close below $38.10 gives it a chance to gap fill down at 22.00, a nice 43% profit potential.... worth watching I think.

NB, did you see PARL today?

No, Spike, I didn't, until you mentioned it just now Sub $5 stock now. OUCH! What a sick dog!

Yes, I see that AMLN has support along $38.20-$39 lines, but I think that support fails. Of course a careful trader like yourself will wait for the bulls and bears to fight that battle before you join in on the winning side!

Market still bearish for Monday? Vector calling for lower prices?

[New-born baby]

for posting my thoughts and prayers will be going out to your fatherinlaw....im sure he will be fine.......i really enjoy your analysis ...keep it up buddy

ninner

Thank you, Ninner! And please keep posting fodder for us all over here. Nice plays you've been calling.

[New-born baby]

AMLN weakly

Here's my view of AMLN 'weakly':
Dow Theory--can't count waves--hey, I'm a Newborn Baby!--says that just this week's candle alone is worth a $6.37 chop off of the current price. That targets $34.87, and Dow Theory would also toss in last week's candle, too. Of course, a theory is a theory because it hasn't been proved to be true, and it is only 80% or so accurate. But I do look at candles to see strength and weakness of a support line.

And yes, AMLN could go on to form a multiple head and shoulders formation before it crashes through the neckline. We will see how the chart matures. At least it is bearish for now.



TEN YEAR view of AMLN:

[ninner]

Urbn Long ????

im watching URBN closely...it had a nice kicker signal on thursday...some profit taking on friday which i think is expcted after that big jump. Im watching for another bullish candle and then may hop on....potential target would be the 200 day moving average.

[ninner]

Nb

any more comments on DRYS and IDTI...these 2 i am long on still.

[ninner]

market indices

looking over the Naz, dow, s&p 500, and the russell 2000 and even though the 500 and dow look abit better all the indices look pretty ugly...down volume still up and when the market tries to rally its on weaker volume and candles look kinda ugly..not any good buying signals..just little bounces(ie selling into rallys ...looks to me..) only way to make any decent money is to short the PIGS in this market..cus im thinking we wil test the lows.

[spikefader]

Market still bearish for Monday? Vector calling for lower prices?

Vector is bullish for Monday, and I note the 12345a pattern for the DOW. Might be due for the 'b' up now. The reaction to the 'c' whenever that comes will be telling. Interesting times for the market ahead. I'm bullish going into Monday anyway.

Good luck this week!

[New-born baby]

Vector is bullish for Monday, and I note the 12345a pattern for the DOW. Might be due for the 'b' up now. The reaction to the 'c' whenever that comes will be telling. Interesting times for the market ahead. I'm bullish going into Monday anyway.

Good luck this week!

Yes, Spikerooo! It IS options expiration week, and yes, MAX PAIN will be on the scene! That's why the bull, in my opinion.

[New-born baby]

im watching URBN closely...it had a nice kicker signal on thursday...some profit taking on friday which i think is expcted after that big jump. Im watching for another bullish candle and then may hop on....potential target would be the 200 day moving average.

How do you get a signal to buy these bottom lurking stocks? Me, I am looking for a double bottom, an inverted head and shoulders, an ugly double bottom, or some such signal. What is a "kicker" signal?

Because URBN has no double bottom, no inverted, etc, I wouldn't take a long here, but expect URBN to be making a bear flag.

Teach me something

[New-born baby]

any more comments on DRYS and IDTI...these 2 i am long on still.

DRYS:bullish chart with an easy $16 target, 2nd target $25--if the market doesn't completely blow everything in its path away. But I think this week will be bullish, but look out Louisey for NEXT Monday!

IDTI: still bullish, with same comments above applying here.

Too tired to post charts tonight, but will try to do so sometime tomorrow. Father in law nearly died last night, and they had to open him up a second time to redo something. I don't know, somebody forget their pocket knife or pet frog or something. In any case, he is better today: still critical but stable. If no surgery induced stroke in the next 24 hours, then he should recover.

[Runner]

NB, I’m sorry to hear about your Father in law. My Prayers go out to him.

[billyjoe]

New-born,
I hope my prayers can help your family.

---------------billyjoe