Hot Pick Of The Day

[peanuts]

Rmix

NBB,

Since you know options better than most, would you care to tell me what you think of the option chain of RMIX? Based on the different interests, would you say that most investors think it will be higher or lower than today's price, next month? Could you give me a little explanation? I am considering taking a substantial long position here if everything lines up right. I would just like another person's opinion, and since there is an option chain, I figured that I would ask you.

You made a post earlier on RMIX that it is a short.

[New-born baby]

NBB,

Since you know options better than most, would you care to tell me what you think of the option chain of RMIX? Based on the different interests, would you say that most investors think it will be higher or lower than today's price, next month? Could you give me a little explanation? I am considering taking a substantial long position here if everything lines up right. I would just like another person's opinion, and since there is an option chain, I figured that I would ask you.

You made a post earlier on RMIX that it is a short.

Peanuts,
RMIX option chain is near to worthless because the lowest strikes are $7.50. Currently it is trading at $5.30, so you are not going to get anything for a $7.50 Sept call, and the DEC $7.50 nets you a mere $0.15 per share, or $0.14 after commisions if you were with IB.

Personally, I would not take a long right here with RMIX. The chart looks awful, there is no downside protection, the option chain is worthless, and there are more bullish charts than this one. Furthermore--if you just think a moment and forget the chart--do you think construction projects pour more concrete in the winter or summer? Now that summer is nearly over, and winter is coming on, I'd think RMIX will see a further slide in profits.

I wish you well with it, and yup, NBB could be wrong.

[peanuts]

I wish you well with it, and yup, NBB could be wrong.

I was right. I got in yesterday close to 5.3, got out today at 5.50 today I am making money

[New-born baby]

Su

SU's chart is bearish right now. Watch this one. I am bullish on oil longterm; bearish on SU shortterm. This stock moves around quite abit. Has been between $68 and $89 several times in the last 8 months. Looks like it is going to retest the $73 neckline soon.

[Runner]

NB, the Ind Oil & Gas group is approaching a possible triple top. I’d be cautious at this time in this sector. If it can manage to bust out look out as CEO should sail to your price targets.

Nice pop in ceo todaY..NB what you think of ceo?

[New-born baby]

I was right. I got in yesterday close to 5.3, got out today at 5.50 today I am making money

Well, I am very happy you are making money! From your earlier post I expected that you would be holding RMIX longer than one day. Why didn't you tell me that you were looking for a daytrade?

Lookout longs on Monday.

[New-born baby]

Nice pop in ceo todaY..NB what you think of ceo?

Pop? If fell $4. Blood all over the street! You call that a "pop?"

I like CEO short right now! You were right, Runner! Oil is looking "toppy." What I do like about CEO is the option chain. Sell some calls; buy some puts. "What me worry?"

Long term, CEO has got to profit handsomely.

[New-born baby]

Axr Daily

Just happened to watch AXR daily. Careful here longs.

[New-born baby]

AXR Weekly

AXR weekly has the same formation as the daily: careful longs.

Let's face it: the market is in a very dangerous set up right now. The tumble could be very hard and very fast.

[Runner]

Pop? If fell $4. Blood all over the street! You call that a "pop?"

I like CEO short right now! You were right, Runner! Oil is looking "toppy." What I do like about CEO is the option chain. Sell some calls; buy some puts. "What me worry?"

Long term, CEO has got to profit handsomely.

NB, a 4.00 pop(down) is not a big deal on a 90.00 stock. What looks bearish is that the gapdown occurred after putting in new highs This flags a change in character for CEO..….lmo

[New-born baby]

Crude

WELL, what of the crude price? Shortterm, looks like she's headed to $66.

[New-born baby]

Crude: longterm

Here's crude's weekly, and it says crude is going to bounce up hard
at one of these levels: $66-68 level. That's the bottom. Now all of these oil stocks have taken a fairly decent hammering this past week. Seems that "peace" [please! "Peace" between Muslims and Jews--not until Christ returns. That is a 100%er] has broken out in Israel and there is no further threat from Iran and the Hezbos. HaHaHaHaHa.

Back to reality. The highs to lows meets support or the trend, and that is going to be very solid support. Oil stocks should bounce there. Cover your shorts and puts there.

[New-born baby]

Gold

Here's a look at the gold chart--what do you think?

http://www.stocktiming.com/Friday-DailyMarketUpdate.htm

[ninner]

xprsa

as a short NB.....i believe it has formed a dark cloud cover right at the trend line....and it finished more than halfway down that candle.....LOOks good to me

chow

[New-born baby]

as a short NB.....i believe it has formed a dark cloud cover right at the trend line....and it finished more than halfway down that candle.....LOOks good to me

chow

What's for Chow? I'm hungry

Xprsa has some pretty solid longterm support at $16. Should bounce there, at least for a while. In any case she's most definitely a short here, and Monday will most likely drop below support at $21.50. That would constitute a broken neck on a head and shoulders formation, and target the $16.

But be careful of this: a bounce at $20 would form an inverted head and shoulders, and XPRSA could turn bullish on you.