Hot Pick Of The Day

[skiracer]

IAAC, what kind of resistence to expect at 28? I am clueless when it comes to technical analysis so what makes you think it may be forming a double top?
IMO that IAAC has a long way to run from here.

I would be careful right here. Plenty of room for profit taking as it has just run up 6+ points recently. I think it is far from forming a double top. Just be careful with any entry right now if that is what you are thinking. If you are already in it bring your stop up close

[IIC]

Gwhiz...IMO...The upside volume is not there...IIC

[IIC]

Gwhiz...IMO...The upside volume is not there...IIC

Scratch that...I didn't realize that Ski posted a WEEKLY chart...Sorry...Doug(IIC)

[ninner]

good analysis skiracer......can u give your opinion on QSII??

[skiracer]

good analysis skiracer......can u give your opinion on QSII??

Thank you. Sometimes you don't hear what you want to hear but that was my take on it. QSII isn't my type of play as I don't buy to many over 40 unless they really give me that strong feeling in the gut. Here's the weekly chart. You could probalby make a case for a symetrical triangle on the daily also but in all honesty both the triangles on the daily and weekly feel a little weak and iffy to me. You know that they fail a large percent of the time like anything else. Good luck if you make the play or are already in it. The top line of the triangle also represents a certain line of resistance.

[AaronR]

uvih.ob

UVIH is a bully board but my thesis is this stock will appreciate in the short term based on:

-the fundamental results are insane
-the results have to be auditied to some degree as the company is regulated by the FL insurance board (obviously an issue with an otcbb)
-only 3 stage 3 huricanes since 1851 in Oct or after
-rates at least doubling in last year and margins increasing
-insurers leaving the biz not entering it. Many were wiped out after last season.
-UVIH is the only concentrated FL or Gulf Coast play I can find. The float is tight.
-The dividend is real. No threat to margins and additional dividend announcements and the yield could be quite attractive from now until next hurricane season.

[Gwhiz]

2 items
1)methinks this is a good time to jump into FRG, opinions?
2)I am already short peix at 13.52, seems to be running into resistence at 15.00, is it a good idea at this point to short it even more?

[skiracer]

2 items
1)methinks this is a good time to jump into FRG, opinions?
2)I am already short peix at 13.52, seems to be running into resistence at 15.00, is it a good idea at this point to short it even more?

Where was your initial short entry?

[Gwhiz]

13.52 hudsfjdsfjdj

[skiracer]

13.52 hudsfjdsfjdj

What does "hudsfjdsfjdj" mean?

[Gwhiz]

Its mycenaean for the word "average"
I had to type 10 characters for the message to post
R u short peix?

[skiracer]

Its mycenaean for the word "average"
I had to type 10 characters for the message to post
R u short peix?

How did you know I was Mycenaean? So you took PEIX short at 13.52 and now it is at 14.82 which puts you at - 1.31 on the trade. I'm just curious about this and you don't have to answer if you feel that you don't want to. Before you entered the trade did you have any type of plan in place as to what you were looking for or a stop limit or exit strategy. How about if it goes higher from here and you're losses mount. What are you going to do with the play. Looking at the daily chart your entry was after it had fallen quite a bit and you had the chance to exit with a profit because after 13.52 it fell farther to 12.50. Now you're wishing in one hand and shitting in the other hand to see which one will fill up first. There is alot of room above you where people shorted way above you that will provide upside as they take their gains and cover at a lower price than their entry just to be safe, protect their gains, and their asses. You might be facing a big loss here if you are not careful and you just might consider taking the loss and the lesson from it and escape while you can still see daylight. Do you think it is a good idea to short it even more at this point? Good luck with it.

[Gwhiz]

Well to be honest I didn't analyze it too rigorously because I shorted it for my high school's stock market contest. I had wanted to short it at 18.20 or thereabouts in early september because of what little TA I knew told me to sell, (I posted that on this forum), but didn't because my parents wont let me sell short.
The Princeton High School business club contest started on 10/4, and I decided to be risky since its not real $$$ anyway.
NB said the TA had no resistence till $7, and others seemed to like peix as short oppurtunity so I went for it. I didn't account for the opening of their plant though, not hugely worried anyway. As long as oil lies relatively low, which the consensus seems to be it will for the next month,(which is all that matters anyway because the stock market contest only lasts till november 1) I think Peix wont do anything too radical, and I'll probably hold the short.

[skiracer]

Well to be honest I didn't analyze it too rigorously because I shorted it for my high school's stock market contest. I had wanted to short it at 18.20 or thereabouts in early september because of what little TA I knew told me to sell, (I posted that on this forum), but didn't because my parents wont let me sell short.
The Princeton High School business club contest started on 10/4, and I decided to be risky since its not real $$$ anyway.
NB said the TA had no resistence till $7, and others seemed to like peix as short oppurtunity so I went for it. I didn't account for the opening of their plant though, not hugely worried anyway. As long as oil lies relatively low, which the consensus seems to be it will for the next month,(which is all that matters anyway because the stock market contest only lasts till november 1) I think Peix wont do anything too radical, and I'll probably hold the short.

Well since it's only paper money there is no pressure. But if it was hard earned cash you would feel differently believe me. Play with it like it is real because one of these days it will be and the emotions will be entirely different. Good luck with the contest.

[ninner]

adam is an example today

Gwhiz...IMO...The upside volume is not there...IIC

You just dont know when the upside volume will take a stock higher.....the point of least resistance is a lesson to you my friend.