Hot Pick Of The Day

[Lyehopper]

WLT down $2.02 already this morning. And it ain't even the ex-date yet.

Fundamentals look great to me on WLT and MWA.... But I'd rather own MWA....

That pop down in WLT had an inverse effect on MWA this morning about two hours later, did you notice that? Maybe MWA will pop tomorrow to about $17....

[New-born baby]

Fundamentals look great to me on WLT and MWA.... But I'd rather own MWA....

That pop down in WLT had an inverse effect on MWA this morning about two hours later, did you notice that? Maybe MWA will pop tomorrow to about $17....

I am bearish on both, Lye. Didn't notice what happened to MWA. I'll take a look. Thanks for the heads up.

[billyjoe]

Newborn,
How about LTD ? I value your opinion . Don't be swayed by their Victoria's Secret line. Thanks

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

[New-born baby]

Newborn,
How about LTD ? I value your opinion . Don't be swayed by their Victoria's Secret line. Thanks

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

More Paris Hilton? Oh wait, that was PARL and Lye was trading it.
Hmmm. Let's see: LTD. Reminds me of a broken Ford . . . .

Well, Billy, unlike the Ford, it should run. $28 was the best place to buy, but it still has room to grow. If you are not in it, I'd say buy above the $32 marker and target $47+. If you are in it, I'd say you should do alright.

[New-born baby]

Azz

I am going to look at the DEC TOP FIVE in alphabetical order. AZZ is the first in line.

AZZ has been a super hot shot that is so high, well, I think she needs a good old fashioned 61.8% pullback. Gap up this week and a topping tail already showing. I wonder if she might have topped out already. Or at least she is overbought and needs to consolidate. My verdict: too late for me.

[New-born baby]

Chap

I like CHAP, although the thing is volatile. You can expect a $2.50 move at least each week. I thin the patient entry is $45, and this bullish stock can pull off the 15%.

[New-born baby]

Fmd

FMD finished second last time, if I recall correctly. Old Marble Head is alright, imho. Timing is everything. FMD pulled back to $40 after finishing second in the last data dump, and now has moved up to $55. RSI is very hot. And to think that last week she retested $47.50. Would have made the 15% already. The question is, as always, has she got another 15% in the udder? Probably, but she may pullback before she moves up.

[New-born baby]

Hrt

We know this stock. Has been charted here before, and GWHIZ has brought it to my attention. I follow this one daily, and today's massive pullback was tempting. Trouble is HRT had a target of $28, and she touched that and then sold off hard. Needs an ABC correction. Too hot to handle at this time.

[New-born baby]

Pspt

Another familiar face.

What to do about old what's her face? Chart pattern target is achieved already. Chartwise, I think it is a little late to enter this one. And the RSI says it need a new radiator, too.

[Lyehopper]

BearishSchmearish.....

I am bearish on both, Lye. Didn't notice what happened to MWA. I'll take a look. Thanks for the heads up.

NBB, you just enjoy being bearish.... You're bearish if the charts too high, you're bearish is the charts too low.....

Hey! that reminds me of another little "bearish story"..... Once upon a time there were three bearish traders....etc, etc, etc.... well, one day they found themselves trading in trading in a bullish market..... etc,etc,etc..... jejeje!..... Then the bullish trader said "MMMMMM, well-sir, I think MWA is Juuuuust Riiiiiiiiight!" so he gobbled it ALL up!.... LOL!.... Now I just hope the bears don't come home.....

[jiesen]

Great job throwing the charts up so quickly, NBB! Thanks!

[Lyehopper]

Great job throwing the charts up so quickly, NBB! Thanks!

Haste makes waste....

[New-born baby]

Haste makes waste....

Yes it does, Lye. Yes it does.

[New-born baby]

NBB, you just enjoy being bearish.... You're bearish if the charts too high, you're bearish is the charts too low.....

Hey! that reminds me of another little "bearish story"..... Once upon a time there were three bearish traders....etc, etc, etc.... well, one day they found themselves trading in trading in a bullish market..... etc,etc,etc..... jejeje!..... Then the bullish trader said "MMMMMM, well-sir, I think MWA is Juuuuust Riiiiiiiiight!" so he gobbled it ALL up!.... LOL!.... Now I just hope the bears don't come home.....

No, I don't enjoy being bearish. But I fear being caught on the wrong end of the stick. I never did like taking a beating . . . .jejejeje

Here's MWA: PnF says she's bearish to $11. And come Dec 14th, you got an additional millions of shares floating lose on the market now that WLT turned them lose to investors. Remember: WLT held those shares. Now those shares will be part of the float. What will investors do with it? Hold 'em, or sell 'em? My experience is that they will sell them. I could be wrong. I could be very wrong.

My question for you is this, Lye: IF MWA stock dumped when there were approx. 12 million less shares on the market, what makes it bullish now with the additional shares?

Still, I am bullish on MWA IF she clears that line on volume.

[New-born baby]

My view

Here's my view of the DEC TOP FIVE charts. Remember, I don't do FA. I read charts and look for optimum entries. All of these may may 15% and more, but we are looking at picking the best one of the top five to make the 15% before she makes a negative 15% on her way to the positive 15%. AXR is the perfect example. I said she'd make a negative 15% before she made the positive 15%, and that's what happened. AXR was and is a good stock. But again, we are looking for which one will make the 15% first.

So here's my view:
5. AZZ--so hot, she has to cool. I'd like to see an entry at $40.
4. PSPT: can make the 15% even without optimum entry point. But has been very hot, too. Another "put on my watch list" candidate.
3. CHAP: nice steel stock, and steel stocks move around alot. Has at least 15% left in her, imho. I like this one despite the weak option chain.
2.HRT: will no doubt be a $50 stock someday. Still, needs a pullback, unless you don't mind being upside down. No options. Ugh. Great long term hold, I think.
1. FMD: the winnah! She has it all: room to grow, big target and a rich option chain.