Hot Pick Of The Day

[ninner]

hey im not complaining with a at least a 5 point gain !!! I think it can go higher but time will tell

[ninner]

and why i say it can go higher is cus i think it has more growth potential then other companies with lower growth rates in the group like BHI and SII

[dmk112]

RE CKCM:

Hope it goes higher for me!

[B.J]

Newborn, re: today's IPII reversal, I have to think there's plenty of support in the 20-21 range if 22 fails. Do you agree? That's the biggest reason I trimmed VPHM yesterday, because I wasn't certain how low the support (7??) would be if it did drop. In the case of IPII, I pretty much know it's not far below where it is now.

Still disappointing to see it drop from 25 though

[B.J]

(duplicate)

[New-born baby]

Ipii

Newborn, re: today's IPII reversal, I have to think there's plenty of support in the 20-21 range if 22 fails. Do you agree? That's the biggest reason I trimmed VPHM yesterday, because I wasn't certain how low the support (7??) would be if it did drop. In the case of IPII, I pretty much know it's not far below where it is now.

Still disappointing to see it drop from 25 though

look at this:

[B.J]

Newborn, excellent job with this thread.

If this is a handle, I'll probably add some incremental. If it proves to be closer to 20, all the better

[Runner]

MCD sure as heck fooled me. It is now just below the 50dma.

[New-born baby]

If . . .

MCD sure as heck fooled me. It is now just below the 50dma.

If it breaks above it, buy it.

[B.J]

Guys, it's all that PC social responsibility crap that surfaced after that fast food movie. All this salad and fruit menu stuff is alienating McDonald's core customer base (i.e. overweight people who happen to like Greasy burgers and oily fries). It's not like McD's was ever pretending to be something else

[Runner]

I think I’ll wait for the P/B this thing has gone up 5 days straight. Not sure buying it now is the wise thing to do

[skiracer]

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?

NB,
Sometimes when it comes to these stocks it's just an opinion that each of us has in our interpretation of the charts and company. I guess I just have a stigmatism about GOOG. I see the chart an interpret it the way I see it. It just seems to keep going up after each successive pullback. I really thought it was ready for a big drop this week and look at what it does today. Almost makes me wish I owned it but just can't justify the current price levels in my head or any $295 stock for that matter. Anyway good call on it going up.

[Runner]

Intraday ERS:

[B.J]

So, Runner, are you implying that if the target is met prematurely, it's a good thing?

[Runner]

I think anytime a target gets hit is a good thing. The chart I posted was a 60 min. chart backed off 7 days or 420 min. When working with intraday charts the targeting will be less than daily.

This chart of ERS is an excellent chart using the price time box. Sure I’m not concerned with getting out right at the top or getting in right at the bottom but note the pink box in the chart. N32 was the time allowed for target. Sure ERS may continue to move up, but I do see a MSH and a MSL. Bear task now is to create a new low. Bulls need to make a new high. One could place his stop under the new MSL just incase, but then again many don’t use stops and what ever fits ones style.

Note how the trigger long did not follow thru but never dropped below trigger. Nice action on the EMA’s as they cross over right at the doji. Awesome sample of Entry,Target, stop.

BJ what is your target on ERS?