Hot Pick Of The Day

[rickflyboy]

Cht

NB,
Do you still own CHT? I'm down 11%. Is it time to sell?
Thanks

[New-born baby]

Cht

NB,
Do you still own CHT? I'm down 11%. Is it time to sell?
Thanks

No, I do not own it. Tell me your buy point. The chart looks like it has stabilized at current levels. Tell me your buy point and I will put up a chart.

[rickflyboy]

Cht

I own @ 21.5

[New-born baby]

Mixed Signals

I own @ 21.5

Rick
Are we talking about the same stock? My chart shows CHT as never having been $21.50 per share. Or do you mean $20.50 per share?

IN any case, here's the CHT chart. Very choppy since the horrible drop through several layers of support. I checked the options market to see if you could sell covered calls to pull you back to even, but the option markets for CHT are all closed for today.

CHT doesn't look strong from this point. The channels are very wide, and I have no idea about what she is going to do next. She is trying to stablize hereself around the current price. The channels point slightly downward since she has 'righted' herself after that drop. Not bullish.

In conclusion, all I can tell you is that CHT is trying to stablize around the current price action. I think she will have to pull back to around the recent low of $18.50 in order to get her head on straight again. She really took a blow to the head.

Sorry that I cannot be more help to you at this time.

[rickflyboy]

Cht

Yes 21.5 on June 5th, yahoo chart shows a high of 22 in July

[New-born baby]

Surprized

Yes 21.5 on June 5th, yahoo chart shows a high of 22 in July

Rick,
Look at my chart from Stockcharts. I am surprised that my stockchart is wrong.

If I were you, I'd probably take my loss and invest in something that is moving up. It doesn't look bullish now.

[rickflyboy]

Cht

Thanks for your help.

[spikefader]

channel-wise, I'd concur with NB on CHT. Bearish 2-month triangle break too.

The only bullish thing I see is the high volume gap that held as support, and good money flow.

There are better charts out there.

[New-born baby]

It's all good

channel-wise, I'd concur with NB on CHT. Bearish 2-month triangle break too.

The only bullish thing I see is the high volume gap that held as support, and good money flow.

There are better charts out there.

Thank You, Spike. And if you ever disagree with me, please feel free to post your thoughts here, too. I want to learn!

[billyjoe]

New-born,
Your million dollars worth of BMHC stock is now worth $970,875.28. No big deal , down just 2.9%. It is digesting the situation before it takes off again. Right New-born ? New-born , where are you? You wouldn't disappoint thousands* of Mr. Market members counting on that pizza ? No I didn't think so. Go BMHC Rah! Rah! Rah!


billyjoe *1493 members

[Runner]

[New-born baby]

It's a cinch

New-born,
Your million dollars worth of BMHC stock is now worth $970,875.28. No big deal , down just 2.9%. It is digesting the situation before it takes off again. Right New-born ? New-born , where are you? You wouldn't disappoint thousands* of Mr. Market members counting on that pizza ? No I didn't think so. Go BMHC Rah! Rah! Rah!


billyjoe *1493 members

BillyJoe,
It's a cinch if your millionaire friend will let me sell the covered calls. The $90Dec call is selling for $9.10--that's $99.09 per share after commisions, or approx. $7 per share profit, or about 8%. On the other hand, if BMHC pulls back to $83, I'm still even. Nice, huh?

[New-born baby]

Hot Picks for Wednesday

Here's some Hot off the Stove Picks for Wednesday:


And I really like this one . . . .


And here's a third low-buck play that looks promising. . . .

[RL]

Great post NBB loved the way you explained the charts. Thi morning I hit CRZO with the dart could you take a look and give me your take? With you AND spike maybe I can make a little do rae me.

[spikefader]

Outstanding NB!