Hot Pick Of The Day

[spikefader]

Spike,

MFLX went up 6% today... your thoughts?

It's dumb (Only cuz I took it short in the Port comp)
Significant channel resistance around 16.80, which coincides with price resistance, so it's still in good shorting range. But channel turndown from 14.03 recovered today on good volume, and channel turn up now from 16.78, so maybe it'll run bullish. It's facing volume by price resistance overhead. I'm neutral on it now, and if I could, I'd withdraw it from the comp, but I can't so I'll just sit back and watch in disgust

[New-born baby]

CD for 2-1-2005

Hot Pick of the Day:CD

If the market isn't too bad: CD could be a good one to watch.

1. Fresh crossover of MACD yesterday.
2. Closed right at high of the day: bullish.
3. Triple top: bullish, esp. if she can burst through the neckline.
4. If market is poor, may make a good daytrade SHORT.

If someone doesn't like my pick, and/or would like to make comments/disagreements, please feel free to do so. We all want to learn and make money. God bless!

[New-born baby]

daytrade: GIGA

For those of you looking for a possible daytrade for a couple hundred bucks, then Webs you might look at GIGA. She could bounce back up again. One thing for sure: she's volatile.

[New-born baby]

Zeus

I don't like the symbol: false Greek god. But it stands of Olympic Steel Mills, and I think we've got a chance for a bounce upwards. Steel stocks are coming back in favor. I like the pendulum to swing upwards after weakness, and here's my take on it. What's yours?

[New-born baby]

Last pick of the Day

CTMI,

Yes, IIC has it on his watch list. And they were talking about it on the radio station out of Chicago this morning. I think this thing will rocket on news. We shall see.

[spikefader]

Spike how accurate is this?

As accurate as any other forecast I make No guarantees or promises and do you're own DD. I'm often wrong and price action will ignore what a chart speaks to me, which is why I like tight stops It's just my opinion, and can change like the wind depending on channel action.

[billyjoe]

New-Born,
FRO and SFL are going crazy! One of the boards I visited mentioned that the day the SFL shares are distributed to FRO shareholders, FRO will open minus the price of 1/4 SFL's share price. If that is correct we don't want SFL to be going up now. Can you explain it better? Thanks.
billyjoe

[New-born baby]

You got it right

BillyJoe,

I look for FRO to drop $10 ex-date. Its still a good stock. P/E is like 7.6.
I don't know anything else about it. I am sorry I am not more helpful, but that's all I know. SFL is going to pay an 8% divy, too, so if you hold FRO you'll have to be looking longer term and a steady income.

By the way, 20% divy AND SFL AND 8% divy--"it ain't too bad, is it?"

[New-born baby]

Who cares?

New-Born,
FRO and SFL are going crazy! One of the boards I visited mentioned that the day the SFL shares are distributed to FRO shareholders, FRO will open minus the price of 1/4 SFL's share price. If that is correct we don't want SFL to be going up now. Can you explain it better? Thanks.
billyjoe

BillyJoe,

If it does drop the $10, with a $10 divy paying out 25%, how long do you think it will stay down there?

[billyjoe]

New Born,
I thought the div. was 2.50, per share each quarter. Any way more interesting news, SFL intends to increase their div. shortly. Even if these stocks don't move in price I'm going to see what the total return is exactly one year from my purchase date. It might not be to hard to hold them that long.
billyjoe

[New-born baby]

Fro

BillyJoe,

Yes, FRO's dividend is $2.50 per share per quarter, or $10 per year. I always figure per year, and then divide that by the share price. $10 divided by $40 (the price it may drop to) is a 25% dividend per year. Not too bad . . . .

SFL's current divy is 1.80 per share.
FRO's current divy is $10.00 per share.
That's 11.80 per share dividend for a 51.90 stock. Nice return of 22.73%.

[yaoyao]

Is it still a good time to get in FRO, or wait till the share price dropped after Thursday? Thanks.

[New-born baby]

YaoYao

Hello,

I would say, if you want, put 5% of your cash into FRO. I don't think it is overpriced,and here's why:

For $51.90 (1 share of FRO) you get:

1. One share of FRO paying a $10 per year divy.
2. 1/4 share of SFL paying an 8% divy of 1.80, but promised to increase after the split.

After tomorrow, the share price will drop as usual for a dividend paying stock, perhaps $10 drop, I don't know.

But consider this: let's say FRO drops to $40. Would you buy a $40 stock paying a $10 dividend? That's 25% a year.

For whatever my opinion is worth, I think you can still buy FRO and make a profit. If the price dropped to $20 paying a $10 divy, would you buy FRO? I'd buy as much as I could! The dividend insures value. It makes people hold a stock, and it encourages people to buy on dips.

That's just my opinion. Just plan on holding FRO for 3-12months. Or maybe invest here and say "I am never going to sell as long as they can pay that dividend."

Very best to you.

[New-born baby]

Top Performing Sectors, Jan 2005

YaoYao,

Check this out.

The growth in shipping has to do with China and India's demand for raw materials and oil. Do you think India/China might slow their need for these things, or do you think that they have a rapidly growing economy and will continue this need in the next couple years or decades?

(I think it is going to continue).

[yaoyao]

Thank you very much, New Born.

I'll definately put some money in FRO. I just try to find a better time to do it. You recommend to buy CAN on or after ex date. I'm wondering if I should do the same here.

Thanks.