Hot Pick Of The Day

[New-born baby]

I think I have a hot one for the day: SGP reported great revenues and a new drug has just been aquired from Santarus (SNTS). It looks like a bounce off of its 13 DMA, and a fundamental reversal of corporate performance (this is a turnaround story) I think that the emotional aspects of the report may boost the price at least 2 points today. What do you think? Will the recent high of $23.22 be tested and broken?

Guess it would have made a better short than long

[peanuts]

NBB - hot pick of the day

I think I have a hot one for the day: SGP reported great revenues and a new drug has just been aquired from Santarus (SNTS). It looks like a bounce off of its 13 DMA, and a fundamental reversal of corporate performance (this is a turnaround story) I think that the emotional aspects of the report may boost the price at least 2 points today. What do you think? Will the recent high of $23.22 be tested and broken?

[Peter Hansen]

NB Thanx for your excellent commentary

NB Thanx ...for the commentary and great historical picture ....I may just play all 3 CVGR ATCO and CCUR ........small positions with STOP losses of course !

[New-born baby]

I think you are mistaking "proof" with "percentage".... 90 proof distilled beverage contains only 45% alcohol....

If I'm not mistaken the wine Jesus made from water was very fine and certainly not watered down and the guests at the wedding commented on it's fine quality.... Hey, If the water was indeed "bad" in Bible times, then why would you screw up perfectly good wine by mixing bad water in it? .... Why not just drink less? I know of people who drink light beer (low alcohol content per ounce) and they stay drunk much of the time.

Did you know that most whiskey drinkers mix it with cola, ginger ale or even water?.... It's not the % of alcohol in the drink that matters.... It's how much self control one demonstrates when partaking of an adult beverage.... That's why the Bible condemns drunkenness and not moderate drinking.

That said; if it hurts your conscience to drink an alcoholic beverage or you're afraid of getting drunk and thus sinning.... then by all means you should abstain.

Hi, Lye.
Thanks for the counterpoint.
1. Here is the link from which I got the % alcohol content. It says I am correct (as least as far as I am able to understand). I am no expert on alcoholic drinks. http://www.upei.ca/~stuserv/alcohol/alcoholcontent1.htm

2. I do understand that "proof" = 1/2% alcohol by content. You make a good point in that sometimes people do not understand that 180 proof = 90% alcohol content.

3. Does alcoholic content make the drink taste extra good? Your comment about Jesus' wine would imply that His wine tasted extra good because it had more alcohol in it. That is a point I would not be willing to concede. I am willing to admit that the guests did say it tasted better than what they had been drinking at the dinner

Thanks again, Lye, and God bless you and yours (including the little Lyehopper).

[New-born baby]

Hey NB, here's the weekly fuzzy for URZ I just did. I like the reaction so far this week to 'c' failure....if it can close at these levels or higher, that's a very bullish setup. Hard stop under the 'c' though.

Those other charts I posted for URZ show that it's facing some resistance around $2.40-$2.50, so I think your target is a good one.

Personally, I like better r/r, so for me I'd pass on this long setup and wait for the 2 corrective and risk 4% or better to target 5 impulses up to $3.20.....or another option is to wait for any 'c' failure and target $1.00.

Note the large diamond top on the 1 yr daily?

Thanks Spike. Throw up your fuzzy counts on this thread anytime

BTW: what is your minimum r/r that you'll take?

[spikefader]

It is safe to say that URZ has put in some kind of a bottom, but whether or not it is "the" bottom I cannot say. Note that it bumped its head up against resistance today, and pulled back. The daily says it is time to join the action; the weekly says "this may be worth a long here." I would say take URZ long is she can bust the $2 resistance, set a stop around $1.89, and target $2.50. That's $.50 reward for $.11 risk, or about 4:1, which is the minimum.

Hey NB, here's the weekly fuzzy for URZ I just did. I like the reaction so far this week to 'c' failure....if it can close at these levels or higher, that's a very bullish setup. Hard stop under the 'c' though.

Those other charts I posted for URZ show that it's facing some resistance around $2.40-$2.50, so I think your target is a good one.

Personally, I like better r/r, so for me I'd pass on this long setup and wait for the 2 corrective and risk 4% or better to target 5 impulses up to $3.20.....or another option is to wait for any 'c' failure and target $1.00.

Note the large diamond top on the 1 yr daily?

[Lyehopper]

Lyehopper's opinion.... as if anyone cares....lol!

Rob,
I know you believe the Bible, just like I do. I believe every word. Yes, I am a Teatotaler, and the reasons are these:

1. I admit that the Bible talks about the use of wine. However, it is not the same wine that we use today. What has happened since Bible times is the modern distillation process which significantly increases the amount alcohol per serving. Alcohol content of Bible wines was about 3% (I'll have to double check this). Alcohol content of today's wine is 7-14%; fortified wines are 14-24%; Beer is "only" 3-4%; whiskey is 40-75% alcohol; Rum--up to 95% alcohol.

2. Bible wines were "mixed wines," i.e., mixed with water. For example, read Proverbs 9:2 and you can easily see that "wisdom has mixed her wine." Extant literature tells us that people used to mix 4 or 5 parts of water with one part of wine. People who wanted to get drunk mixed one part water with one part wine. Of course, no one that I know mixes any water with wine today. So the alcohol content is again significantly more than that of Bible wines.

I think you are mistaking "proof" with "percentage".... 90 proof distilled beverage contains only 45% alcohol....

If I'm not mistaken the wine Jesus made from water was very fine and certainly not watered down and the guests at the wedding commented on it's fine quality.... Hey, If the water was indeed "bad" in Bible times, then why would you screw up perfectly good wine by mixing bad water in it? .... Why not just drink less? I know of people who drink light beer (low alcohol content per ounce) and they stay drunk much of the time.

Did you know that most whiskey drinkers mix it with cola, ginger ale or even water?.... It's not the % of alcohol in the drink that matters.... It's how much self control one demonstrates when partaking of an adult beverage.... That's why the Bible condemns drunkenness and not moderate drinking.

That said; if it hurts your conscience to drink an alcoholic beverage or you're afraid of getting drunk and thus sinning.... then by all means you should abstain.

Thanks Runner. I just figured out from this that I might be shorting THC sometime soon. I think that shorting the weakest stocks in the weakest sectors is going to be the best strategy next week. I'm going to make a small play on that idea, most likely in THC

I lost your number

I'll Pm it to ya. I'll be in Tampa on the 21st of NOV. Let me know when your coming back down to this part of town..

Peanuts, hospital stocks look like they are in trouble the group chart is clearly bearish with a nice gap down from highs.

[peanuts]

Here they are over same time period @ RSI 14 1

Thanks Runner. I just figured out from this that I might be shorting THC sometime soon. I think that shorting the weakest stocks in the weakest sectors is going to be the best strategy next week. I'm going to make a small play on that idea, most likely in THC

I lost your number

Here they are over same time period @ RSI 14 1

[peanuts]

Here is the group RSI percent change over last 2 weeks. I’m noticing some renewed strength in several of these groups.

I see that all of these are making positive 2 week percentage changes. Do you also have the groups which are losing relative strength over the same 2 weeks? (negative percent growth)

[New-born baby]

NBorn,
is it safe to say that there is a bottom in URZ at this point?

It is safe to say that URZ has put in some kind of a bottom, but whether or not it is "the" bottom I cannot say. Note that it bumped its head up against resistance today, and pulled back. The daily says it is time to join the action; the weekly says "this may be worth a long here." I would say take URZ long is she can bust the $2 resistance, set a stop around $1.89, and target $2.50. That's $.50 reward for $.11 risk, or about 4:1, which is the minimum.

[New-born baby]

These are fast mustangs definitely not for the feint of heart or weak sisters .......ACEL CVGR ATCO CCUR and CBLI ......Question is have they any juice left ....or to put it succinctly as possible ......have they SHOT their load LOL? NB or anyone care to comment?

Okay, Pete! You know how to pick stocks par excellance, don't you?"

ACEL: pretty impulsive these last three days. Ugly sister, though. Has probably put in a bottom. Those gaps it made these last three days will get filled, I think, within another week to ten days. You are right: no sissies in this stock

CVGR: I like this one much better. Today's action busted through resistance on a powerful volume spurt. To tell the truth I could buy it right here and ride.

ATCO: looks like she broke out of an inverted head and shoulders today and is headed to about $7+. That's almost a double your money target!

CCUR: breakout and successful retest of breakout line. Looks good to go to $2.30, i.e., the 200 day! Short setup coming?

CBLI: very impulsive move these last three days; new issue "Twilight Zone Special" (ya never know what they are going to do). One thing I think it will do is fill the gaps it has been making lately. Not ripe, imo.

SO to answer your question: have they shot their load? I think CVGR, ATCO, and CCUR (up to the 200 day), still have some shot left. CBLI and ACEL I think have shot their load.

[New-born baby]

Is New-born Baby a teetotaler? I have never understood that mindset among Bible-believers. Psalm 104:15 states that the Almighty gives us "wine that maketh glad the heart of man," and when a wedding feast in Cana ran out out of wine, Jesus turned six huge, stone "waterpots" full of water into wine. (See John chap. 2.) When I read the Bible, I see that it does condemn drunkenness, but not drinking. There's a difference. Sorry if I'm starting to sound like a preacher, but I do believe the Bible, and I do believe there is much misunderstanding about its contents.

Rob,
I know you believe the Bible, just like I do. I believe every word. Yes, I am a Teatotaler, and the reasons are these:

1. I admit that the Bible talks about the use of wine. However, it is not the same wine that we use today. What has happened since Bible times is the modern distillation process which significantly increases the amount alcohol per serving. Alcohol content of Bible wines was about 3% (I'll have to double check this). Alcohol content of today's wine is 7-14%; fortified wines are 14-24%; Beer is "only" 3-4%; whiskey is 40-75% alcohol; Rum--up to 95% alcohol.

2. Bible wines were "mixed wines," i.e., mixed with water. For example, read Proverbs 9:2 and you can easily see that "wisdom has mixed her wine." Extant literature tells us that people used to mix 4 or 5 parts of water with one part of wine. People who wanted to get drunk mixed one part water with one part wine. Of course, no one that I know mixes any water with wine today. So the alcohol content is again significantly more than that of Bible wines.

3. Paul said he would never eat meat or drink wine or do anything if it caused his brother to stumble. He prescribes that we follow his example. (Ro. 14:21; 1 Cor. 8:13). Unfortunately many people stumble over wine (i.e., become alcoholics), and if they get saved and are delivered from alcoholism, just one drink could re-adict them to it. I have a man in my church who was once enslaved to beer. One drink could ruin him.

4. Timothy would not drink wine, even though something was making him sick. Paul told him to use some wine "for thy stomach's sake and thy frequent ailments." (1 Ti. 5:23) Perhaps the water was polluted and making him ill. Paul here prescribes it for medicinal usage. Therefore I would not have a problem taking Vick's NyQuill, for instance, even though it has alcohol in it.

5. If I went into a bar or if people saw me buying wine or liquor, they might think that I get drunk. Or it might strengthen their conscience to drink, possibly to excess. It is much safer for my testimony and my brother's good to avoid alcoholic beverages.

6. Who says that I would be able to control my drinking so as to not get drunk? Others have fallen; perhaps I would too. I don't want to take a chance on ruining my life, my ministry, my family, and my eternal reward over a drink.

In short, I am a teatotaller because I don't want to cause others to stumble; I don't want to put my testimony in jeopardy; and because I do not need it for medicine or to purify the water we have to drink. I have many other options for things to drink (many diffo kinds of juices; milk; soda pops; coffee, tea, etc). And I don't want to take a chance on ruining my life, ministry and family.

I believe that if you carefully study the Bible's instructions about the believer's personal liberty in 1 Corinthians chapters 8, 9, and 10, you would agree with me.

Thanks for asking and the comments. Always God's best to you, Rob