Hot Pick Of The Day

[New-born baby]

Why WLT moving up

WLT is moving up because no one can sell it here and reap the huge load of MWV shares. They must hold through Dec 14. Lack of sellers produces upward movement on the stock.

Forgot to mention: if you short WLT here, you must pay the stock split shares. That is another force pushing WLT upwards.

[New-born baby]

Csx

CSX showing massive resistance at $37.00. Somebody big wants out here, and he's shoving a lot of bulls backwards as he leaves. Be glad when he's gone . . . .

[New-born baby]

thanks NB, here a few others I'm stalking on the long side ESV and SPN

I really like your thorough approach to trading, Runner.

For your style of trading, doesn ESV trigger above $54? Or what exactly is your trigger? How do you arrive at it?

[New-born baby]

Lly

My LLY short came through over night. LLY warned of lower earnings, and today she pays for it.

[New-born baby]

Aapl

If you like AAPL, you can buy it at support this morning around $90.20.

Here's a little FA comparison of the 2 stocks

thanks NB, here a few others I'm stalking on the long side ESV and SPN

[New-born baby]

NB, I'm thinking YHOO looks like a possible short off a S/H/S (daily). How do you read YHOO?

Yes. I would short the first strength. The 200 day is $28.20, and today would have been a nice opportunity to short her at $27.61 or so. She officially triggers at $26.41, with first target at $24.41, second target $23, and the mega bear target of $16.

This one looks like a sell the stock short, sell a call and buy a put "ulta short" to me. Thanks for bring this one up to my attention.

Should YHOO trigger I think around 24.50 might be a target...

NB, I'm thinking YHOO looks like a possible short off a S/H/S (daily). How do you read YHOO?

[New-born baby]

My view

Here's my view of the DEC TOP FIVE charts. Remember, I don't do FA. I read charts and look for optimum entries. All of these may may 15% and more, but we are looking at picking the best one of the top five to make the 15% before she makes a negative 15% on her way to the positive 15%. AXR is the perfect example. I said she'd make a negative 15% before she made the positive 15%, and that's what happened. AXR was and is a good stock. But again, we are looking for which one will make the 15% first.

So here's my view:
5. AZZ--so hot, she has to cool. I'd like to see an entry at $40.
4. PSPT: can make the 15% even without optimum entry point. But has been very hot, too. Another "put on my watch list" candidate.
3. CHAP: nice steel stock, and steel stocks move around alot. Has at least 15% left in her, imho. I like this one despite the weak option chain.
2.HRT: will no doubt be a $50 stock someday. Still, needs a pullback, unless you don't mind being upside down. No options. Ugh. Great long term hold, I think.
1. FMD: the winnah! She has it all: room to grow, big target and a rich option chain.

[New-born baby]

NBB, you just enjoy being bearish.... You're bearish if the charts too high, you're bearish is the charts too low.....

Hey! that reminds me of another little "bearish story"..... Once upon a time there were three bearish traders....etc, etc, etc.... well, one day they found themselves trading in trading in a bullish market..... etc,etc,etc..... jejeje!..... Then the bullish trader said "MMMMMM, well-sir, I think MWA is Juuuuust Riiiiiiiiight!" so he gobbled it ALL up!.... LOL!.... Now I just hope the bears don't come home.....

No, I don't enjoy being bearish. But I fear being caught on the wrong end of the stick. I never did like taking a beating . . . .jejejeje

Here's MWA: PnF says she's bearish to $11. And come Dec 14th, you got an additional millions of shares floating lose on the market now that WLT turned them lose to investors. Remember: WLT held those shares. Now those shares will be part of the float. What will investors do with it? Hold 'em, or sell 'em? My experience is that they will sell them. I could be wrong. I could be very wrong.

My question for you is this, Lye: IF MWA stock dumped when there were approx. 12 million less shares on the market, what makes it bullish now with the additional shares?

Still, I am bullish on MWA IF she clears that line on volume.

[New-born baby]

Haste makes waste....

Yes it does, Lye. Yes it does.

[Lyehopper]

Great job throwing the charts up so quickly, NBB! Thanks!

Haste makes waste....

[jiesen]

Great job throwing the charts up so quickly, NBB! Thanks!