Hot Pick Of The Day

[New-born baby]

New Born,

Whats your opinion on SHWC

Formed a head and shoulders, but bounced off from resistence beautifully.

Intuitively I think it looks good from here.

What are your thoughts on this stock?

I'd say be careful since it could be options expiration driving the price up.
My gut doesn't agree with your gut right now. But I could be wrong PnF doesn't like it; I won't until it clears past resistance at $14.25.

[RL]

nb i'm holding EWC iN AT 24.38 what Is your advice If any?

[New-born baby]

nb i'm holding EWC iN AT 24.38 what Is your advice If any?

Ray,
My take would be to put a stop under this one and prepare to exit stage right. Why? Because:
1. The Canadian stock market is very directly related to the oil/mineral/natural gas industries. Slowing economy, dropping oil price, and softening demand for copper and other minerals are going to negatively affect the market.

2. The Loonie is showing this soften with a falling Canadian dollar. Forecast is exchange rate to drop to $.70 USD/$1.00CD from current $.87/$1.00. In fact about three months ago it was $.94/$1.00.

3. Some wacko politicians have proposed to tax the life out of the income trusts, which probably accounts for a huge amount to the income of EWC.

4. Chartwise, it sports topping tails these past two weeks, and is showing signs of a double top.

I would be bullish on EWC IF**IF** EWC can clear $25.50. Then she turns right into a ripsnorter!

God bless Ray Long & Co.

[RL]

Thanks much NB, appreciate very much. Have not been able to be much of a factor IUn the POTW but you sure showed them guys how to win nice going.I just have not had time to set up decent dart board lots of work taking care of sick people. but I'll be baaaaaack.

[New-born baby]

I just have not had time to set up decent dart board lots of work taking care of sick people. but I'll be baaaaaack.

The sooner, the better, Ray Long. The sooner, the better

[Gwhiz]

NEw born,
what's your opinion on FIZ

Was highlighted as a head and shoulders on a blog.

Looks like a great investment to me, as well as possibly a trade.

[Gwhiz]

nvm about the great investment part

[New-born baby]

NEw born,
what's your opinion on FIZ

Was highlighted as a head and shoulders on a blog.

Looks like a great investment to me, as well as possibly a trade.

I don't know anything about the FA. The chart looks like FIZ is basing just under $12. A move above $12 would be bullish, imho.

[billyjoe]

New-born,
Very impressive your AOB pick. The chart must have told you. I've been watching that turkey for almost a year and it was dead in the water.

----------billyjoe

[gerihearne]

rimm

Hi Newborn .. how's the clan?
It's been a while since I posted ... but had to mention I've been watching RIMM ...
I hope you are still riding it ... I never bought and am sorry I didn't ...

Best,
Geri

[New-born baby]

Hi Newborn .. how's the clan?
It's been a while since I posted ... but had to mention I've been watching RIMM ...
I hope you are still riding it ... I never bought and am sorry I didn't ...

Best,
Geri

So nice to hear from you. Have been wondering where you have been, and hoping all is well.

Yes I am regretting it myself. Just before earnings, when the stock price was something like $75, I could have purchased that month's call for $1.40. The next day it popped to $110, and since then, it has simply been ON FIRE. $135 today.

Dum Dum me.

Clan is fine.

[gerihearne]

rimm

So nice to hear from you. Have been wondering where you have been, and hoping all is well.

Yes I am regretting it myself. Just before earnings, when the stock price was something like $75, I could have purchased that month's call for $1.40. The next day it popped to $110, and since then, it has simply been ON FIRE. $135 today.

Dum Dum me.

Clan is fine.

You once said it could go to $200 ... the way it's been popping, I don't know, very tempting ...
If you have time, will you look at it again?

Best,
Geri

[New-born baby]

You once said it could go to $200 ... the way it's been popping, I don't know, very tempting ...
If you have time, will you look at it again?

Best,
Geri

Sure, Geri.
Here's the latest on RIMM:
Too late to enter now, IMHO. The chart has no target, no identifiable new pattern. Any entry now would be just a shot in the dark. ON THE OTHER HAND, if you have the ability to buy/sell options, you could either buy a call, or else buy the stock and sell a call option to hedge your position. The bias is still bullish, but the steam power seems to be waning to me. RIMM needs a pullback.

[New-born baby]

Aapl

GERI:
May I suggest an AAPL instead of RIMM?
This bullish stock may hit $95-$100.

PnF likes it to $97, and the Dow Theory calls for an unbelievable
$120 should AAPL clear this $86.38 and hold it.

I own this one.

[gerihearne]

new born style

GERI:
May I suggest an AAPL instead of RIMM?
This bullish stock may hit $95-$100.

PnF likes it to $97, and the Dow Theory calls for an unbelievable
$120 should AAPL clear this $86.38 and hold it.

I own this one.

I like your style, New Born .. as also evidenced in your new? avatar

Best,
Geri