Hot Pick Of The Day

[ninner]

well from what i have heard and read.....day rates are going up for the offshore drillers due to lack of rigs....and usually an increase in day rates coincides with more orders for the machinary and equipment sector that hydl is in ...which will lead to more revenue.....im expecting HYDL to have large revenue increases in the second half......2 other good companies in this group are LUFK and CRR.

[ninner]

hey newborn what do u think of HYDL and GRP.....any comments....bought into bother recently!!!

[New-born baby]

HYDL: two charts

hey newborn what do u think of HYDL and GRP.....any comments....bought into bother recently!!!

Mario Mendoza:
Here's a double look at HYDL:
First chart is to teach a lesson to all who read:


Now the current outlook for HYDL:


Looks HOT to me! Nice pick, Mario!

[New-born baby]

GRP:two views

hey newborn what do u think of HYDL and GRP.....any comments....bought into bother recently!!!

Mario:
Here's two looks at GRP. Again, the first is to teach:


Second one is my outlook:


Here's where a Runner chart would be most handy. My view is that GRP needs to bust that red resistance line at $27.20 to buy. Runner could then give you the targets. I am not so hot to trot over this stock as I am your driller. What does GRP do, anyway?

[ninner]

GRP Grant Prideco, Inc. offers various oilfield equipment and services to the oil and gas industry worldwide. It operates through three segments: Drilling Products and Services, Drill Bits, and Tubular Technology and Services. The Drilling Products and Services segment manufactures and sells drill pipes, drill collars, heavyweight drill pipe, and drill stem accessories. The Drill Bits segment designs, manufactures, and distributes fixed-cutter and roller-cone drill bits. The Tubular Technology and Services segment designs, manufactures, and sells a line of connections, and associated tubular products and accessories for oil country tubular goods and offshore applications. The company sells its products to drilling contractors, oil country tubular goods distributors, oil companies, and oilfield service companies. AND here is an article on a new material for tool joints....http://www.grantprideco.com/drilling...SE.6.10.05.pdf

[ninner]

hey newborn....dont u think GRP FINISHING near the highs on friday is a positive for the stock....as well do u subscribe to IBD....one think i noticed is that its RS rating is just hitting new highs before the stock.....that according to WON is very postive for a stock.!!! I agree that there appears to be resistance at 27.28!~!!

cheers

[Runner]

I target GRP at 31.21 if it pops the 27.47 area. I see trigger long off Thursdays high off 26.81. Note the MSL @ 25.55 and higher highs and higher lows! One could also target the last high or 27.47 if it does not act right if it reaches. Volume will be key at this point

[New-born baby]

Answers to your questions:

hey newborn....dont u think GRP FINISHING near the highs on friday is a positive for the stock....as well do u subscribe to IBD....one think i noticed is that its RS rating is just hitting new highs before the stock.....that according to WON is very postive for a stock.!!! I agree that there appears to be resistance at 27.28!~!!

cheers

Finishing near the high of the day is a positive for the stock, but I don't liken that as a fail-proof indicator. I do not currently have a subscription to IBD, but I have had in the past. I let it lapse because the market was so ugly at the time that I didn't think it was worth the price of the subscription.

GRP probably is a good choice, but just doesn't seem as strong as HYDL. Further darkening my picture of GRP is the weak market. Personally, I am concerned about the lower volume we are seeing. An upward moving market on lower volume is setting itself up for a fall (IMHO).

But as always, I want to see you make the big bucks off of all your buys!

[ninner]

your right i think HYDL has more upside potential short term....i think u and runner are right that volume will be the key!!! Thats why if i dont think they are acting how i like them i get out before i am hurt. For GRP.....in the last 7 weeks....this last week was the second highest volume day....so it APPEARS VOLUME may be picking up....but APPEARANCEs can be very deceiving!!!!

cheer to both of you!!! Appreciate as always your comments!!!

[ninner]

trying to figure out a screen....here are 4 stocks that may interest you or at least keep an eye on....mrvl,diod,htrn.vmsi,bhs,chci

[ninner]

actually 6....that will keep you busy!!!! hahaha this is soooo much fun!!!

cheers

[ninner]

somehow we have to find stocks that we can buy at the begiinning of may and end up going like this one
http://stockcharts.com/def/servlet/SC.web?c=exbd,uu[h,a]dahlyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G

[New-born baby]

Yeah.

somehow we have to find stocks that we can buy at the begiinning of may and end up going like this one
http://stockcharts.com/def/servlet/SC.web?c=exbd,uu[h,a]dahlyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G

Yeah. That's right. Bet it didn't make the MM dump, either.

[ninner]

i bet you are right ......well the search will continue

[New-born baby]

BHS: Yawn

trying to figure out a screen....here are 4 stocks that may interest you or at least keep an eye on....mrvl,diod,htrn.vmsi,bhs,chci

BHS: range bound. Trade the break. My gut says it'll break down before it breaks up.
Weekly:


Daily:.