Hot Pick Of The Day

[skiracer]

Hey NB! How are you this fine day?

Umm, may I perhaps disturb you and pull you out of your geriatric clinic for the incurably senile for a few moments please, sir? I need to wave the 'TA vs FA' thread before your forgetful eyes and remind you that you are, in fact, part of the TA team. A captain can only endure so much mischief from his team, and this one would like to at least have you bear witness to the events that will unfold over the next 2 1/2 hours of the trading day. You see, absent my team and with the undying competitive spirit God blessed me with, I was forced to make a senior level executive decision to sell all of our losing positions, including that dog BTU, no offence, and put the TA team in a position to win this 2-day farce. Anyway, in short my absent-minded brother, I have loaded the boat with ABAX in a single 100% position and currently looking around the room over there for not only a token hello from you all, but perhaps even some team support and sportsman like banter between us all. I think it's the only thing that will keep me from getting my feathers ruffled any more than they already are, old buddy, old pal. So, how's about we pack your bible and these scraps of budding charting brilliance you have here strewn all over the floor, grab your walker frame, and your oxygen and head over there to take a box seat for a potentially imminent ABAX rally that may just give you reason to crack open that old dusty bottle of Dom Perignon you've been hourding since your ordainment.

Oh, and invite your senile buddies skiracer and dmk too will ya?

Spike,
The last thing I would do on purpose would be to let you down especially in the heat of a closely contested battle like the one that took place today. But in all honesty I was out of the office before the markets opened and never made it back until after everything had closed. I'll have to take that into consideration next time I volunteer my time and services for a team effort. Since I'm being honest I would also have to point out that I did lose alot of my zeal toward the whole thing as it seemed to evolve into a different scenario than what I had envisioned but the truth of the matter is that I was away from the office and screens all day.

[New-born baby]

Nfi

I love dividends: NFI pays a nice divy of 17%. And it pays it four times a year--just to keep you interested. But if you look at this chart, well, it will keep you on the Wild Berry Maalox, too.

Do you think Banking Stocks are having a lot of pressure due to rising interest rates?

[New-born baby]

Short MRK

Here's a hot pick for you:
SHORT MRK.
That's right; the chart is very obvious. Check out this weekly. If MRK drops tomorrow, then the neckline is broken. Yes, she will no doubt retest the neckline, and then short the fire out of her. She is going to be a sub-$20 stock.

Be aware of dividend dates. You don't want to pay someone else the divy.

[New-born baby]

Selah

Today's point and figure on the NAZ:



Remember when I posted this chart? It says we have a ways to go before we find a bottom. Selah:Think about it.

The Bear is here. And the bear will stay here for a while. The correction will probably be a strong one. It is quite possible that we just witnessed the top of the bull cycle, and we have officially entered a bear market.

[New-born baby]

Billy

BillyJoe,
PCU has pulled back from $61.10 to $59.30, so you can see that the profit taking has begun. Hope you took some off the table. You watch: tomorrow by 2 pm she'll be $56 again.

Billy,
What did I tell ya?

[billyjoe]

New-born,
You convinced me to get out of this one with almost perfect timing after holding for months. Lets do this again. Thanks NB.

billyjoe

[New-born baby]

Oil Stocks Fall on Oil Price: BUY'em NOW

Here's Bloomberg's take on Oil's Tumble

Demand From U.S. Refiners Tumbles
Oct. 6 (Bloomberg) -- Crude oil slumped to a two-month low as demand from U.S. refiners including Exxon Mobil Corp. fell to the lowest in 18 years and gasoline consumption slowed.

Hurricanes Katrina and Rita forced U.S. refiners to cut processing last week to the lowest average since March 1987, or 11.7 million barrels of crude a day, the U.S. Energy Department reported yesterday. Sliding demand for gasoline and record imports helped compensate for a plunge in production.

``Because crude isn't refined at high rates and despite production outages in the Gulf of Mexico, availability isn't an issue'' and prices in New York may fall to $58 a barrel by December, said Tobias Merath, an oil analyst at Credit Suisse in Zurich. ``Markets are a bit overly optimistic about gasoline. If you compare the demand decline to the outages, there's no justification for the price drop.''

Crude oil for November delivery fell for the fifth straight session, tumbling as much as 89 cents, or 1.4 percent, to $61.90 a barrel on the New York Mercantile Exchange, the lowest since Aug. 5. It was down 69 cents at 10:37 a.m. London time. Oil has plunged 12 percent from a record $70.85 a barrel on Aug. 30, the day after Katrina struck.

Brent crude for November settlement fell as much as $1.03, or 1.7 percent, to $59.09 a barrel on London's International Petroleum Exchange, where it was down 72 cents. That's 14 percent lower than the record $68.89, reached on Aug. 30. Brent has declined for six successive days.

`Worst Week'

``This will probably be the worst week for U.S. refinery capacity,'' said Simon Wardell, an oil analyst with Global Insight in London. ``Oil prices are probably going to stay in the $60-to- $65 range because what's happened in the wake of the storms is not a shortage of crude but a shortage of products.''

The average U.S. gasoline price at the pump jumped 51 percent in the past year to $2.938 a gallon yesterday, according to the motorists' organization AAA. It reached a record $3.057 on Sept. 2. Average diesel prices rose to a record $3.182 a gallon yesterday.

U.S. gasoline demand, as measured by deliveries from refineries, fell by 2.6 percent in the four weeks ended Sept. 30 from a year earlier, according to the Energy Department. Demand for distillates, including heating oil and diesel, fell by 3.8 percent in the same period.

Gasoline futures on Nymex have plunged 36 percent from a record $2.92 a gallon at the end of August. They were down 2.98 cents, or 1.6 percent, to $1.8780 a gallon.

A surge in U.S. gasoline imports, which climbed 18 percent last week to more than 1.4 million barrels, partly compensated for a 13 percent drop in production, to a seven-year low.



To contact the reporters on this story:
Alejandro Barbajosa in London at [email protected]

[billyjoe]

New-born,
Wow! PCU at 54.90. Back to the top of right side 7 week cup. How do we make more $$ at this point?

billyjoe

[New-born baby]

RE-test

New-born,
Wow! PCU at 54.90. Back to the top of right side 7 week cup. How do we make more $$ at this point?

billyjoe

This is the expected pullback after the breakout. Now it is sitting on support. Question: do you believe PCU is going to go higher? [Earnings, Earnings, Earnings!] You are the FA man. What do the numbers say to you?

From a TA perspective, note these facts:

1.There is a general panic out there. People are selling in fear. What's the answer? BUY support, SELL resistance. She is currently at a 50% Fib retrace from the recent highs. A lot of people would enter here. But not me.

2. Because the STOs all agree. PCU is not done falling. The Golden Rule takes us back to $52.70, and that is where I now think she'll stop. But of course, I could be wrong. "We shall have to see."

Here's a chart look:

[Runner]

A lot of nice charts, Runner. I like this one the best.

Hey NB, ya still holding MTRX?

[New-born baby]

Yes

Hey NB, ya still holding MTRX?

Yes I am. Time to sell?

[Runner]

I’ve bailed to early stock up 17% from my entry. First target looks like hit today. I’d take some off the table and trail to possible target 2.
Imageshack not working here!!

http://biz.yahoo.com/ap/051006/earns_matrix_service.html?.v=1

[Runner]

got the chart

[New-born baby]

Sell the news

got the chart

Well, if one sells at resistance, it looks like now is a good time to sell.

SOSA--you guys--it is now selling at $10.67. Good thing I got out at $1 pain.
Thanks!

[Runner]

NB, not sure where you entered, but nothing wrong with trailing a stop with a smaller position. Just incase many view this pop and good earnings as a buy-in. If it continues to rock trail it up.