Hot Pick Of The Day

[New-born baby]

Xom

Boys and Girls:
XOM looks like she's going to bust out of a cup formation. $$$$$$$$$$.

[spikefader]

Spike,
You're recommending a long on GOOG even if they report bad earnings? I don't understand unless you are incredibly bullish on GOOG. Don't you think a bad report will take them below 410 ?

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

Hiya billyjoe. Perhaps....maybe down to 400 or 385. I'd be surprised if it fell further than that. On the FA, I'm never led by the content of a report or news release; it's TA specific only for me. I'm very bullish on GOOG. For that reason I'd pass on shorting the pop on news, although that play may still work well for a quick scalp.

The TA setup I use for these earnings plays requires a 5min chart and bollinger bands of 100 and 2.5. Those bands are the places you want to consider for a trade. For GOOG, because of it's great daily and weekly charts, I favor buying any quick selloff down to the bottom band, which at this stage is around 416.00. Target can be the top band is 428.00. Close enough to 3% potential scalp. Or you coud target the daily upper band at 440, which is 5.7%. Or hold for my $550.00 target, which is 32%. Price action and volume will affect my target and how I manage it. If it acts great, the entry is perfect, volume supports, and it doesn't stall or form double top, then I'd hold for the swing. If the entry is poor but not stopped out, I'll likely close it out early at resistance for the scalp. If entry is poor, and news is bad, I'll get stopped out in a flash, and might experience some slippage if it's train-wreck bad news. I'd be surprised if GOOG crashes though. If it does and sells hard, then broader market top seems certain.

Vector is short daily bias....and managed another +81 points all on short side with YM futes today so price action intraday is favoring shorts....but who knows ... GOOG could rock, pop, and broader market continues the impulsiveness up....but I count it late in the count with retracement due soon.

Good luck dude.

THQI sure likes to flirt with the 13 day MA. I like it short after it closes significantly below the 13 DMA

My more indepth thinking on this is that several things have to happen.

1. The stock will open lower on monday after closing right at $30 on Friday (options expiration and all that).

2. The general market will also open lower next week.

3. I will not marry this position and will most likely close a good portion of it next week.

4. I'll close all of the position if the stock opens strong next week...I am expecting it and the market to have a down week next week, not the start of a correction necessarily but just a weak week.

[Gwhiz]

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

[peanuts]

This should be a good spot as any. Some divergence on the weekly chart and lets face it, their numbers have been on the decline for a while now. Worth a small position initially.

THQI sure likes to flirt with the 13 day MA. I like it short after it closes significantly below the 13 DMA

THQI Short

This should be a good spot as any. Some divergence on the weekly chart and lets face it, their numbers have been on the decline for a while now. Worth a small position initially.

well, aapl should give you a clue. But the wild card is what happened to yhoo. Can the same thing happen to goog? Naaah.

Goog will not dissapoint is my guess but they have before so anything is possible. But I think the best play is to just sit on your hands.

if you have some money to burn and like to gamble, you could do a straddle. Of course as Rob has experienced, that's also a good way to lose more money.

What is the goog play for tonight. Can anyone suggest an options play to secure the investment.

Thanks

well, aapl should give you a clue. But the wild card is what happened to yhoo. Can the same thing happen to goog? Naaah.

Goog will not dissapoint is my guess but they have before so anything is possible. But I think the best play is to just sit on your hands.

[alice4321us]

Goog Earnings

What is the goog play for tonight. Can anyone suggest an options play to secure the investment.

Thanks

[Peter Hansen]

NB and Peanuts Thanx!

NB and Peanuts ......your input is super.....that is what this site is all about ....helping each other .....and inturn helping ourselves . NB I like that ADZA and took a small position ......let us see if on Friday they get their FDA approval.....PEANUTS .....thnx for the huriicane and good weather angle......I will watch the stock and see whet happens

[peanuts]

NB ADDL and ADZA look good here.....ADZA is a drug company hopefully on Friday 10/20/06 getting final approval on a early pregnancy prevention drug....Your analysis on the two would be most helpful ......Thanks and have a beautiful day,,,,,,and give that son of yours a good hug! Pete

Hey Pete,

Fundamentally speaking, ADDL is solid. It would have been helped by hurricanes this year, so the lack of bad weather may be why the chart is showing the recent weakness. The earnings report should blow your mind when it is released, but I don't know what kind of reaction the street will have towards the report, or when it will be published. We may see a run going into earnings as they are expected to be enormous from some other investors (like me)

I've owned this stock on and off... Rode it once from .8 to 1.3 when it was ZENX.ob It was a hurricane Katrina play for me as well as PDGE.ob, which, by the way, also looks like a nice turnaround story. Both were absolutely HUGE gains for me percentage wise, but I usually keep a relatively small total dollar amount for sub $5, OTCBB plays; so the actual gain to my portfolio wasn't that HUGE. Alot of momo guys played this stock in the past, so keep that in mind for the future if you get into it

I recently played ADDL from 1.08 to 1.20 or thereabouts, if I remember correctly. I'd have to check my history to give you the actual share price if you wanted to know.

[New-born baby]

NB ADDL and ADZA look good here.....ADZA is a drug company hopefully on Friday 10/20/06 getting final approval on a early pregnancy prevention drug....Your analysis on the two would be most helpful ......Thanks and have a beautiful day,,,,,,and give that son of yours a good hug! Pete

Thank you, Mr. Hansen Now let's consider ADDL:
Still below its 50 day, so it's officially a bearish stock. It has a strong support at $.70, so I like it above that level. Unfortunately it has lots of overhead resistance, and got a knot on its head when it bumped up against the $.90 resistance yesterday. In summary, a long here with a stop at $.69 and targets of $1.00, $1.20 and $1.90.

ADZA: also sports lots of overhead resistance. Right now has support at $18 and resistance at $19. I think $19 resistance fails quickly and she moves up. Very strong support at $16 and $17 levels, and if she did pull back that far, I'd be looking to enter here. Bearish engulfing candle on the daily yesterday; that suggests a three to ten day pullback. Topping tails also say she pulls back for a few days. RSI confirms she's too hot. I guess I'd put it this way: look to buy it at the 200 day level soon, and hang on. Bullish chart with a $22 target. I like this chart. This thing has a volatility of 5% per day! Not for sissys.

[Peter Hansen]

NB Hello There

NB ADDL and ADZA look good here.....ADZA is a drug company hopefully on Friday 10/20/06 getting final approval on a early pregnancy prevention drug....Your analysis on the two would be most helpful ......Thanks and have a beautiful day,,,,,,and give that son of yours a good hug! Pete

[New-born baby]

gme has 27 %!!!

Makes for a very nice short squeeze when the price moves up, doesn't it?

[Gwhiz]

gme has 27 %!!!