Hot Pick Of The Day

[Runner]

ERTS rolling over to the South.

yep..I did not take it and think I'll stand by for now. I just don't have many set ups. Remind me one day to tell you my mess up with MRO...what a bone head...

[New-born baby]

yep..I did not take it and think I'll stand by for now. I just don't have many set ups. Remind me one day to tell you my mess up with MRO...what a bone head...

Let's short this one: DGX

[Runner]

NB, GX does not show up on my screen...

[New-born baby]

NB, GX does not show up on my screen...

Try DGX. My fault. Bad typing.

[Runner]

Let's short this one: DGX

I leave the huge gapers alone. Looks sick right now. I just don't like the huge gapers to short or go long... I'll pass but good luck!!

[New-born baby]

I leave the huge gapers alone. Looks sick right now. I just don't like the huge gapers to short or go long... I'll pass but good luck!!

Dow Theory says that the huge gap will be doubled. That's a $10 collapse right now at $50.40 price and a target of $35. I bought a put.

[Gwhiz]

Thanks so much for all your advice New Born Extremely useful
I was wondering what the TA looked like for one last pick, GROW, seems to have a huge run up around earnings each quarter, then, after earnings, it falls back to where it was before the run started(now), lays flat for a few months, and then repeats. Would greatly appreciate your advice.

[New-born baby]

Thanks so much for all your advice New Born Extremely useful
I was wondering what the TA looked like for one last pick, GROW, seems to have a huge run up around earnings each quarter, then, after earnings, it falls back to where it was before the run started(now), lays flat for a few months, and then repeats. Would greatly appreciate your advice.

GWhiz;
Not bullish on GROW at all. Daily chart shows that GROW fell through support today. She's headed lower; in fact PnF says $11. But there is another support coming up at $19.14, $17.50, and $12.50 and lastly, $5. GROW fell right through the 50 day today; that means it's a short. Ugly. That's about all I can say.

Weekly shows that the bull run died three weeks ago.

Grow has no option chain to help out either. Ugh!

Now as to why the price moves up near earnings announcement time . . . makes you wonder if the company isn't buying its own stock in order to better compensate the big boys sitting on the board. And then maybe they sell off their own stock to drive it down lower.

[Runner]

Oils and metals did fall down very nicely. Here are possible groups I'll be looking at on the long side. I still did not get many returns.

Internet Software & Services (4)
Apparel Stores (3)

[billyjoe]

Runner,

Did you have ANN , CLE , and AEOS as your 3 apparels ?

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

[Runner]

Runner,

Did you have ANN , CLE , and AEOS as your 3 apparels ?

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

Billyjoe, I see ANN triggered today. I like this group right now and in fact the group has 49 stocks and 50% hit my scans. Several did flag a buy today and I did not see them until after the close.

[Gwhiz]

Does anyone know whether it is a good idea generally to trade stocks that have been hit hard, and have bottomed flat for a little while? I've done it with great results two times previously with ENTU and SRVY this spring, looking at JOBS as a potential candidate. Wondering whether I was just lucky.

[New-born baby]

Does anyone know whether it is a good idea generally to trade stocks that have been hit hard, and have bottomed flat for a little while? I've done it with great results two times previously with ENTU and SRVY this spring, looking at JOBS as a potential candidate. Wondering whether I was just lucky.

I would say that bottom fishing, as I call it, can be very profitable if you follow a few rules to help things go in your favor. Those rules would be:
1. BUY SUPPORT. Find out where support is and insist that the stock price come to you.
2. Put a stop under it, or have some way of hedging your position so that you don't get bit too hard.
3. I generally wait until the stock proves to me that it is in an uptrend off of the bottom, i.e. a chart pattern that says a bottom has been put in, such as a double bottom or an inverted head and shoulders.
4. For my own personal trading, I insist that the stock have an option chain. Those chains really help out a lot.

[Peter Hansen]

New Born Help?

NB Looking at 4 prospects .....RMTR, MCZ, PHMD and ACTU......I seem to like ACTU........which do you like? Thanx Peter

[Hatshepsut]

Dear NB,
Please be so kind as to let me knwo what the TA looks like on the Uranium stocks FRG and URZ.