Hot Pick Of The Day

[ninner]

hey newborn i thought i would continue this discussion about holx on here...currently im not in holx but im watching it....in oneills books he says that the second shoulder has to be lower then the first shoulder for it to be a shs pattern to me it looked like a cup and handle forming with the handle just beginning to form(notice how the last 2 weeks the volume is drying up)....i could be wrong as well but like you said market weakness can destroy any breakout attempt and plummmet this stocks further however, im going to keep watching it!!

cheers

[jiesen]

My head hurts and I'm going to stop thinking about this

good idea, mine too!

I'm steering clear of PDT rules, regardless.

[New-born baby]

Holx

in oneills books he says that the second shoulder has to be lower then the first shoulder for it to be a shs. cheers

Ninner,
I strongly disagree (ONeil is a rich man; I am a poor man; you might do better to listen to him). However, according to "Technical Analysis of Stock Trends"
by Robt. Edwards and John MaGee, (7th Ed)--a college text book, if you will--p. 73 "Either shoulder may, in fact, go higher or take more time than the other. Either or both may come up nearly to the level of the head (but not equal, else no head and shoulders), or both may fall considerably short of it."

He goes on to say that the neckline can slope up or down, but if it slopes down, the power of the fall is much less than a hortizontal or upward sloping neckline. (HOLX slopes upwards).

We'll watch it, and see what happens. But I really believe in my heart that this baby is going to pull a CVH. The market is awful. And that volume dry up as it forms the right shoulder is a red flag.

If you invest in HOLX, I wish you very well. I just am too afraid of this one now, except to short the break.

[New-born baby]

Next!

hey, Ninner:

Please throw up another stock on the board for our consideration. At least it gives us a chance to study and grow in our knowledge.

[ninner]

exactly that is why i like your explanations ..makes u think about things and that is how we learn....i will give you 2.....one is an ugly one ....upl and the other is cbg....which is another one im considering investing in...

cheers

[New-born baby]

Ninner's UPL and CBG

exactly that is why i like your explanations ..makes u think about things and that is how we learn....i will give you 2.....one is an ugly one ....upl and the other is cbg....which is another one im considering investing in...

cheers

Here's CBG. I think some insider is unloading shares at $35. We may run out of buyer before he gets done unloading shares. Looks weak to me.



Look at the RSI, Ninner. It had a six month long party. It is hung over now. I'd let it sleep it off, or when its ready, sell it short.

[New-born baby]

Ugly

Ninner,

Here's ugly. Or should I say, "Double Ugly?"



My view? No.

[ninner]

i will do some more research tonite and maybe post another one tomorrow....this market is sure ugly....hardly anything is working!!

[New-born baby]

Xec

Ninner,
Here's one that may be shortable.

[New-born baby]

Ninner,

Here's ugly. Or should I say, "Double Ugly?"



My view? No.

What did I tell you? Down $1.28 in first 3 hours. And now its in the gap--only imagination left to hold it up. Great short.

[New-born baby]

That loud thud

That loud thud you heard this morning about 9:30 EST was FDG falling again.
FDG has been hammered unmercifully after the descending triangle failed about 4 sessions ago. However, I want to alert readers to the possibility of picking up FDG when she drops below $66. I think it will be worth the $66 as it is splitting 3:1.

[ninner]

yah u called that one...cvh is up today on decent volume!!!

[ninner]

tryin to decide whether to keep my 125 shares of upl i received from them splitting or sell while i still have a profit!!!

[New-born baby]

Falling Knife

tryin to decide whether to keep my 125 shares of upl i received from them splitting or sell while i still have a profit!!!

Do you see the knife falling? If so, I'd get out of the way.

[New-born baby]

Tzix

Take a look at this:


Click on image, then click again to enlarge.

I like the base this stock is building. If it can breakout on heavy volume, it should make a nice momo play.