Hot Pick Of The Day

[New-born baby]

Sell the calls

New-born,
BMHC is not performing as expected, in fact my whole portfolio is stinking up the joint. No big losses, just a slow rot and fester. Am thinking about selling everything, doing lots of research and re-entering in the future. How about some free investment counciling , New-born? Your thoughts are always welcomed here.


billyjoe

Not ready to dump BMHC. Don't sell the stock. Sell the calls instead.
The Dec $90 call is selling for $8.90. If you paid today's price for the stock, $89.50, that means you net a nice $9.40 per share if she even gets to $90.

Or the Oct $95 call is selling for $2.95 today. If she pops to $95, you net $97.95 per share. What's wrong with that? Try it for a month!

For crying out loud, the Oct $100 call sells for $1.75. Somebody is willing to pay you $175 so they can buy the stock from you by Oct 21 for $100 per share. That would net you $101.75 per share! And if BMHC doesn't make it to $100, well, they just gave you the money. What's wrong with that?

ACI is so hot today. I just sold the $65 Oct call for $3.60. The stock has jumped up so much already, it is close to taking out the strike price today!
Paid around $62. for the stock, and that call means I net $68.60 per share in a month. Not too bad. . . .

[New-born baby]

Broker

New-born,
BMHC is not performing as expected, in fact my whole portfolio is stinking up the joint. No big losses, just a slow rot and fester. Am thinking about selling everything, doing lots of research and re-entering in the future. How about some free investment counciling , New-born? Your thoughts are always welcomed here.


billyjoe

BillyJoe,
You are with Interactive Brokers, aren't you? Only $1 to buy or sell a call. If you are playing with Scottrade, I'd suggest you get over to Interactive Brokers ASAP. That's free investment advice, too.

God bless you!

[New-born baby]

Sosa

BillyJoe,
I own a little SOSA. Why don't you pick up a few shares at $11.85. I have a $13 first target; $15+ second target for it.

[New-born baby]

Mee

New Born

MODT and STV look good but check these 3 out. BHP Closed 32.00 Buy Today at 32.24.....put stop in at 30.40........MEE Closed 51.50 Buy Today at 51.76 and set stop at 48.93......WGR Closed 50.05 Buy Today at 50.94 and set stop at 47.55.........If I'm lying I'm dying.....take these 3 to the BANK!

Took a look--BHP is too choppy of a chart for my stomach; WGR has had a wonderful run, but there is no place to enter on the chart right now; and MEE also has been wonderfully bullish. Perhaps MEE will pullback some Monday and afford a decent entry. Has a nice $58+ target. And I'd forget the stops.

[New-born baby]

Aci:

ACI: channel touch signals profit taking opportunity.

[billyjoe]

New-born,
I'm with you on SOSA. Left scottrade long ago, many problems. Don't know about ib. Went to their site. Is there a minimum # of trades per month? Thanks, New-born.

Your 10,827 shares of BMHC are worth 973,690.30


A bad day. Mother in law is having heart surgery. Car died at Krogers after gas fillup. Still sitting there. Tomorrow will be better.


billyjoe

[Runner]

NB, thanks for the chart. I see a positive divergence in both money flow and Lin Regression set out 13 days. Notice the nice flat action that has occurred over the last few weeks. I’ve plotted short term target at 24.00 with stop under LOD. I see price has also constricted and thus this thing is coiling up for a move.

AWBC triggers today

[Peter Hansen]

New Born Your Picks performed like a clock

New Born

MODT and STV look good but check these 3 out. BHP Closed 32.00 Buy Today at 32.24.....put stop in at 30.40........MEE Closed 51.50 Buy Today at 51.76 and set stop at 48.93......WGR Closed 50.05 Buy Today at 50.94 and set stop at 47.55.........If I'm lying I'm dying.....take these 3 to the BANK!

New Born thanx for your advice......a novice can always learn from a pro.......Your MODt was off 1.11% but your STV was fabulous......up 9.85%
My BHP was up 3.23% Mee up 6.54% but WGR was off a fraction......Oh well you cant win them all. I really like your arch coal pick.....think I will buy some of that.......thanx!

[New-born baby]

Awbc

AWBC triggers today

Runner--
I saw that it did, but I am already invested up to my eyeballs in other things. Did you hop in?

[New-born baby]

Problems

New-born,
I'm with you on SOSA. Left scottrade long ago, many problems. Don't know about ib. Went to their site. Is there a minimum # of trades per month? Thanks, New-born.

Your 10,827 shares of BMHC are worth 973,690.30


A bad day. Mother in law is having heart surgery. Car died at Krogers after gas fillup. Still sitting there. Tomorrow will be better.


billyjoe

I bought SOSA at $11.85, and sold the Oct $12.50 calls for .50. That means I get $13 if she pops up in the next 30 days. That's a 10% gain in 30 days, acceptible anyway. Besides, the first target is $13. I can always pick up some more shares and sell another call if I have to. If not, that .50 will console me that I don't do a better job reading charts

Car died? Bad battery? Bad battery connection (acid on terminal hookups?)?
Starter bad? Fuseable link broke? These are the places to look if you just hit the key and nothing happened.

I have no advice about the mother-in-law's heart surgery.

I really think you ought to sell the $90 OCT BMHC calls. Free money. Why not take it?

[New-born baby]

Aci

New Born thanx for your advice......a novice can always learn from a pro.......Your MODt was off 1.11% but your STV was fabulous......up 9.85%
My BHP was up 3.23% Mee up 6.54% but WGR was off a fraction......Oh well you cant win them all. I really like your arch coal pick.....think I will buy some of that.......thanx!

I would NOT buy ACI right now. Great company, Pete, but it had a profit-taking hit on the upper channel. My guess is that, in the next four days, ole Archie pulls back fairly hard. $63 wouldn't surprize me. If you ask, I could give you the signal when I think you can best enter. Better yet, ask the real Pro: Spike.

[New-born baby]

BillyJoe and Interactive Brokers

BillyJoe,
Interactive Brokers will give you the quotes for free if you do $10 worth of business with them per month. So let's say you buy 100 shares, and sell 100 shares. That's $2 worth of business. Do that 5 times a month, and there are no fees. Or if you buy 500 shares, and later sell 500 shares, that's $10 worth of business. So you see, it is easy to hit their minimum.

God bless!

[Peter Hansen]

[QUOTE=New-born baby]I would NOT buy ACI right now. Great company, Pete, but it had a profit-taking hit on the upper channel. My guess is that, in the next four days, ole Archie pulls back fairly hard. $63 wouldn't surprize me. If you ask, I could give you the signal when I think you can best enter. Better yet, ask the real Pro: Spike.[/QUO

New born thanx you the advice......let me know when you think ACI is ready .......thanx !

[New-born baby]

Hov

Another stock to short. HOV

[billyjoe]

New-born,
You're amazing, like Johnny the shoeshine boy in Police Squad you have all encompassing knowledge. Incidentally, you are correct, the problem with the car is the starter.

A bit of trivia for fans of Lt. Frank Drebin (Leslie Neilson). In Police Squad, which preceded the Naked Gun movies, Drebin would run over a number of garbage cans with his squad car equal to the episode number of each show.
You can probably tell, I'm very busy today.


billyjoe