Hot Pick Of The Day

[New-born baby]

It's your call

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.

Yao,

It is your decision. The only difference is that with a Can, the divy stays the same. Here, if you do not buy today, you lose the free shares of SFL, which is also a shipping line.

There is one possible play you might consider. If you decide you might buy but you want a lower price, wait until the last 30 minutes of the day. Weak holders often dump (just before the ex-date) then, and perhaps you'll get a better price. That's all I can say.

Best to you!

[yaoyao]

What a run for that industry group! I'm also monitoring TOPT and OMM. They both have very similar chart pattern as FRO.

[yaoyao]

Fro

The sell program didn't kick in for last half an hour, I decided to pass. There are several small gaps that scare me off. I'll get in later. We still have $2.50 quarterly for FRO right?

[New-born baby]

The sell program didn't kick in for last half an hour, I decided to pass. There are several small gaps that scare me off. I'll get in later. We still have $2.50 quarterly for FRO right?

Yes, the dividend still is in effect.

I don't think the gaps should bother you because you know it is going to drop the $2.50 dividend and $6 more for the quarter share of SFL. But that is fine that you didn't buy. I am just giving you my (worthless) opinion.

You might watch her closely the next few days for a good bargain price. That $10 divy is going to attract buyers.

[dmk112]

MFLX posted 16% gains on earnings

[New-born baby]

Looking for a Daytrade?

If you're looking for a daytrade, try FRO. $10 divy, and stock is $48. If price falls, you have insurance.

[billyjoe]

Monday morning New-Born says "Folks, check out FRO" Well I did, liked what I saw and purchased 100 shares. It went up about 4.33 by yesterday's close. It opened lower today to allow for the 1 -4 SFL spinoff. Subtracting the lower opening from my gain, the 25 shares of SFL (worth 569.50 at opening )cost me 213.00 , for a quick gain of 356.50 or 7.33% on my investment in 3 days. When is the last time a pastor gave you $ ? Thank you New-Born, "The Good Steward", paving the way with an investment ministry.


billyjoe




FRO is up so return is 10.43% and 521.50

[yaoyao]

Agree with Billjoe completely. Great work, New Born.

Unfortunately, I didn't read this thread until yesterday. I'm always very hesitated when buying stocks, especially after this one ran up for 7 days straight. I'm still watching.

[New-born baby]

Thanks BillyJoe & YY

BillyJoe and YY,

I am thankful things have worked out so far, and hope for better things. As I write this, BIllyJoe is down only .59 from his purchase price, and he has a big divy check and stocks coming! I bought at 50.00 and 51.90. I let someone talk me out of buying an even larger chunk. I feel bad that I (probably) talked Tomrich out of holding NGPS. And Tomrich is a great guy, too. I feel real bad about that.

I still think FRO is a big BUY. Why? $10 divy on a $49 stock!

I also have another recommend coming tomorrow. More DD tonight to insure a good pick (well, I hope she'll be a good pick).

I hope that this thread and the Can thread, and any advice I give, profits you all. God bless,

[yaoyao]

I finally got in FRO, at a higher price though (49.10, should've listened to you yesterday). I dont want to let another good stock pass by. I also picked some SNRR today. It finally breaks $14 with good volme. I'm off tomorrow, think about picking some Cans up.

[New-born baby]

Hot Shot Pick Of The Day

Investors,

FRO looks real good to me. I picked up an additional 500 shares to keep today. But then I found what I think may be a good pick: GMR

GMR has said it will pay a dividend for the first time in 2005: an $5.76 dividend. Share prices should rise as the divy details have not been finalized, but when they are, I believe GMR shoots up $5.

Read all about it:

[dmk112]

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

Spike, looks like MFLX made another gap up, maybe some stocks just don't fill their gaps

What's your thougts on it's latest action?

[spikefader]

...maybe some stocks just don't fill their gaps ...

Maybe I just woke up grumpy today cuz I've got the flu, but a one-liner with a wink prods me. Apologies if my post is a defensive over-reaction to an otherwise harmless bit of fun on your part. Maybe I just need a hug over the whole MFLX thing

Firstly, I don't recall ever asserting that every gap fills. I'll try and check what I've said about them with the good old search feature, but for now maybe I did say that gaps will generally tend to fill. If that statement is true, then when will they fill? Simple answer is God only knows. Some may take 1 day, some may take years. You may well be 1000% right that some never do. If someone ever finds out the exact truth in numbers, please let me know will ya!

Secondly, I'm no expert on gap theory. But I've learned the hard way that gaps should never be underestimated. Yes, I've lost money underestimating a gap. God willing I'll never make the same mistake again

For MFLX, I liked it on the short side due to what the chart looked like, so I took it as a pick in the competition. I assumed there were no stops allowed in it and didn't even ask about them and chose to have some fun with the guys by participating anyway.

The reality is that at close of 31 Jan with the channel turn up I'd be out of the trade. And remember, I did say to you,

"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.

I'm goin' back to bed now...........

[Runner]

Very well said Spike, One thing I look @ and for example I watching SWIR right now. I’m waiting too see if the 50% fib will act as resistance in this example. I’m thinking it might hit the 50% line then pull back down. Don’t know because I have found these gap things too be weird animals!!

http://www.mrmarketishuge.com/forum/showpost.php?p=13193&postcount=252

[noshadyldy]

gaps

I think I read somewhere that 95% of gaps fill. Even so, that's 5% that won't =1 in 20. Not something to be counted on. Case in point, I waited for ELN to go back and fill it's gap and it never did. Lost out cuz it was the "1". Jus goes to show you, "you neverrrr knoow."

Hope you feel better soon, Spike. We need you!