Hot Pick Of The Day

[Runner]

One thing I’m trying to get better @ is letting my winners run. If this thing hits target 2 you got a few more points to go. This allows you to profit twice from it. Sure your position is reduced but a profit is a profit. I picked this thing up as a day trade and it turned into a swing. I need to adjust some rules when this happens. I get to trigger happy and have been letting some huge winners slip by.

[Runner]

NB, do you think RIO might find support around 36.71? I think some of the momentum traders shorted when RIO did not fill the gap. Then once S-2 was taken a bunch of shorts and sellers started causing the avalanche. This is a momo stock, but the big mo is runing the wrong way.

Those who bot since 9/15/ are holding in the red. Now those holding since June might be thinking of bailing out and this could spell huge trouble..

[New-born baby]

Rio

NB, do you think RIO might find support around 36.71? I think some of the momentum traders shorted when RIO did not fill the gap. Then once S-2 was taken a bunch of shorts and sellers started causing the avalanche. This is a momo stock, but the big mo is runing the wrong way.

Those who bot since 9/15/ are holding in the red. Now those holding since June might be thinking of bailing out and this could spell huge trouble..

You want me to guess? Lots of options. I am thinking that $33 might be the bottom--but who knows? The real issue is this: the Dow has had a big retracement off the bear market lows. Now you are fighting both the stock AND the market. Throw in a damaged US economy for a third factor.

Here's a chart:

[New-born baby]

Mtrx

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.

MTRX= $7.33

[New-born baby]

Charts

Yup, it is a market that touched resistance at several levels. Here's three charts:

[spikefader]

now that we're all so bearish, it's gonna bounce, you watch. LOL

[New-born baby]

Dead Cat Bounce

now that we're all so bearish, it's gonna bounce, you watch. LOL

Yup. Dead Cat.

[billyjoe]

New-born and Spike,
Am I a fool for holding BMHC , a whistling past the graveyard? My latest position is only down 1.09%. Don't put BMHC in with TOL and KBH . They are tanking while BMHC is putting up a great fight. USG is in with BMHC , lost a major facility in New Orleans , yet remains #1 in its group , I'd sell it , but not BMHC. You've got to be impressed with it today with the overall carnage in the market. Give me some hope on this one , boys.


billyjoe

p.s. IBD has BMHC as the 14th best advancing stock today with so many decliners on volume they can't all be listed. You might think me crazy , New-born, but I still like coal even after today

[sowersnc]

For what it is worth I like coal alot too. Many new greener power plants are coming online and from what I have read power plant inventories of coal are low. Eventually they will get coal production ramped up enough to meet demand but I do not think that will happen soon.

[New-born baby]

ACI is the leader

New-born and Spike,
Am I a fool for holding BMHC , a whistling past the graveyard? My latest position is only down 1.09%. Don't put BMHC in with TOL and KBH . They are tanking while BMHC is putting up a great fight. USG is in with BMHC , lost a major facility in New Orleans , yet remains #1 in its group , I'd sell it , but not BMHC. You've got to be impressed with it today with the overall carnage in the market. Give me some hope on this one , boys.


billyjoe

p.s. IBD has BMHC as the 14th best advancing stock today with so many decliners on volume they can't all be listed. You might think me crazy , New-born, but I still like coal even after today

Billy,
I own ACI. IT is the leader of the group. Has horrible resistance at about $69.75. Coal, oil, natural gas--I love em all.

BMHC==held up today because of the hurricanes/tropical storm threats to Florida. The season is not yet over. BMHC West is CA real estate, but BMHC has operations in Florida. Investors are gambling that FL gets hammered yet this season. Oct ends the hurricane season. They bet FL gets it.

In reality, CA real estate is diving down. Western real estate is dropping. That's BMHC West's domain. The economy is getting hurt via Katrina/New Orleans/energy prices. I think energy will take a breather, but do not look for a $40 oil price again. I could be wrong.

[Runner]

NB, here is a pretty cool mind blower. If you took 100.00 and invested in TASR in 2003 you would currently have a value of 1,934.48 today.. Peak was about 7,670.00 Not bad for a 100.00 investment. WMT over the same period is worth 80.72. TOL 372.13

[Runner]

Numbers are incorrect, Peak on TASR was 11,534. I had wrong chart scale on

Can someone post Mr. Markets last 5 winners and I run a check up on 100.00 investment test?

[New-born baby]

Oh how the mighty have fallen!

NB, here is a pretty cool mind blower. If you took 100.00 and invested in TASR in 2003 you would currently have a value of 1,934.48 today.. Peak was about 7,670.00 Not bad for a 100.00 investment. WMT over the same period is worth 80.72. TOL 372.13

And to think you can buy it for $5.63 today!

[billyjoe]

Runner,

ARLP SNHY FLIR BMHC CMTL

billyjoe

[Runner]

Runner,

ARLP SNHY FLIR BMHC CMTL

billyjoe

Thanks billyjoe