Hot Pick Of The Day

[Runner]

ERS looks pretty good a clear 3 wave move down. Not much support though and if she does start dropping keep your plan in place. Tomorrow will give confirmation of the Bull task at 10.39.

[skiracer]

NB, Only a matter of opinion but I couldn't disagree with you more. I had it short in my group in this weeks contest and this morning in the pre-market it was up around 1.38 when I got skitzy about it and removed it. It ends up down 2.88 for the day. It's RSI has been in overbought territory for weeks. I feel it is really ready for a big pullback and consolidation of these recent gains.

[New-born baby]

You could be right . . .

NB, Only a matter of opinion but I couldn't disagree with you more. I had it short in my group in this weeks contest and this morning in the pre-market it was up around 1.38 when I got skitzy about it and removed it. It ends up down 2.88 for the day. It's RSI has been in overbought territory for weeks. I feel it is really ready for a big pullback and consolidation of these recent gains.

Ski,
You are really an excellent trader. You could be right. However, look at the chart. You can see it is building a base. It is not falling (at this point). True, it could roll over and die, but I really don't see that happening. Like I said, if GooG drops BELOW $285, ALL BETS ARE OFF, by which I mean that Ski, you are correct!

Still, you have to admit that GooG is building a base, don't you?

[New-born baby]

Vphm

Sell into strength and buy on the weakness. That is pretty much what happenned today. Big volume on the drop though. I just can't see it going back under 8 from here.

Here's the chart:

Hard to say (for me, at least) how far VPHM will pull back. The $8 support is weak enough to fail under a two day pounding. The $7 support is very strong, and I'd think it could hold back a deluge of selling. The $6 support is weak, but it is a long way from the current price, and any holders on this forum ought to be out of Dodge before that support is ever tested.

I do expect a pullback after today's action; still, the volume is quite healthy, and that pullback may be quite small and short lived. We'll have to wait and see.

[skiracer]

I agree with you on VPHM. Big gains always need to consolidate at some time. I'm in at 8.50 range without any stop set yet. Thought today was the day it really went off but profit was on their minds today and that put a halt to it at 9.70 range. I contemplated selling it myself once the reversal started but procrastination an indecision got the best of me and I couldn't make up my mind what I wanted to do. Any pullback below 8 would be another great buying opportunity.

[New-born baby]

Mack Donald's Chart

Here's a look at today's action.
Yes, Mack Donald climbed to $29 as expected. Now what?

Old Mack couldn't bust that resistance; volume was only average.
Still, what will happen next in our continuing saga of Mack Donald,
the hamburger clown?


Well--she could build a handle for the cup here. That would be nice. If she
does, Runner, then you ought to buy back into it. Needs to bust $29 resistance first.

[Runner]

ERS looks pretty good a clear 3 wave move down. Not much support though and if she does start dropping keep your plan in place. Tomorrow will give confirmation of the Bull task at 10.39.

Checked after hours trading on ERS and it is not sitting @ 11.00 or 5% up!
A/H’s can be miss leading but one to keep an eye on in pre-M

[B.J]

I contemplated selling it myself once the reversal started but procrastination an indecision got the best of me and I couldn't make up my mind what I wanted to do. Any pullback below 8 would be another great buying opportunity.

This is what I did today:

- I saw the reversal early. For much of the day, it actually looked like a doji star forming. But, I decided to wait for the end of the day to make a decision. I mean, the way VPHM had been going, it may have regrouped and shot up to 10.

- At about 3:56, I sold half my stake at 9.15. May close tomorrow if it starts seriously down.

[B.J]

Checked after hours trading on ERS and it is not sitting @ 11.00 or 5% up!
A/H’s can be miss leading but one to keep an eye on in pre-M

Runner, I saw that the volume is 800 (according to Bigcharts), so I'd say the A/H is probably misleading.

[Runner]

Not bad looking this was one of the EMA scans

[ninner]

hey newborn or anyone else what do u guys think of CKCM everyone is sooo gaga over it??

[skiracer]

I think you'll see 23/22.50 before it goes any higher than 24.50 which was it's high today. Near the end of the day there was a doji candle which started the reversal near the close today. Next support is at 23 but this could easily go to 22.50 or 22. I wouldn't be a buyer at this time.

[New-born baby]

Ckcm

hey newborn or anyone else what do u guys think of CKCM everyone is sooo gaga over it??

Ninner:
Here's your weekly. IT shows a beautiful cup with handle, nice volume dry up, MACD and RSI screaming "buy me!" Read the notes and see for yourself.


Then there's the daily for the last three months. Tells a different tale.
Unless this thing can suddenly bust the $25 mark with volume, I'd expect her to pull back to $21 or so.

This one bears watching. If it busts the $25 line with volume, buy 'n' ride.
If she drops below current support, I'd expect that double bottom to turn into a double top (bearish), and for CKCM to drop several clicks.

To sum up, she's currently rangebound between $21 and $24.30. That will soon change, and you should play the break in the direction it takes.

[ninner]

hey newborn do u still like GRP and TOL i am in both myself!!!

[New-born baby]

Tol

hey newborn do u still like GRP and TOL i am in both myself!!!

TOL has been steaming right along. Yes I like TOL.

GRP: let's check the chart on this one.

Looks like $31 minimum. What's wrong with that?