Hot Pick Of The Day

[New-born baby]

Billyjoe and NB.

SPIL is a roaring screaming bull. Wanna see the charts?

OF COURSE . And any other roaring, screaming bulls you happen to find.

[New-born baby]

Spike: Look! Look!

Hey Spike: Look at FMD. I think FMD is setting up for a very nice long.
In fact I think she is already ripe. What do you think?

[spikefader]

Hey Spike: Look at FMD. I think FMD is setting up for a very nice long.
In fact I think she is already ripe. What do you think?

Hmmm... It's at some pretty hefty resistance, and I really don't like the reaction on Oct 23. I'd have to see it close above $80.00 before I'd get all bullish. I actually think this is a fuzzy 'b' up........so perhaps prepare for the 'c' down soon.

[spikefader]

OF COURSE . And any other roaring, screaming bulls you happen to find.

SPIL, AKAM, HOG, IMCL and REGN are my latest 5 screaming bullish picks.

[New-born baby]

Spike

Spike,
Thanks for the top five screamers. Do you have any targets in mind? Entry/exit/R&R? No doubt there are a lot of folk like me who would like to hear what you have to say.

[billyjoe]

New-born,
I'm surprised you haven't commented on Canadian Energy Trusts reaction to announcement that they'll be taxed as corporations in 4 years.


-----------billyjoe

[spikefader]

Spike,
Thanks for the top five screamers. Do you have any targets in mind? Entry/exit/R&R? No doubt there are a lot of folk like me who would like to hear what you have to say.

Well, NB, in my humble opinion all of these are good for medium or long-term swings with targets that should be held relative to both the risk one assigns to the entry and relative to the most optimistic upper channel or triangle line in the charts. But it's all relative isn't it, New-born?! What I think is good might be considered ridiculous or laffable by another.

For example.....someone might have looked at the setup I posted for AWX back on Sept 11 and laughed at how short my target was:


And they'd have been correct to laugh.....for the stock was good for a +70% move in 6 weeks rather than the 26% reward I highlighted:



So it's all relative to one's own game plan one draws up. It's relative to what happens in price action, and when it happens. If a position acts right for a long time, the target is going to be adjusted perhaps. And if it acts wrong, the stop or exit condition is going to be adjusted. But you know how I think..........it's all about the risk/reward. I prefer r/r of 10, but Ski might only look for 4. You might look for 3, and MM doesn't care what the r/r is. The more I do this stuff the more I'm inclined just to give the bias, where the stop on the bias is, and leave the rest for the reader. I truly don't think too many people care that much about what I say or where I say it.

Best to ya NB. Make a million in the last weeks of this year will ya!

[skiracer]

Well, NB, in my humble opinion all of these are good for medium or long-term swings with targets that should be held relative to both the risk one assigns to the entry and relative to the most optimistic upper channel or triangle line in the charts. But it's all relative isn't it, New-born?! What I think is good might be considered ridiculous or laffable by another.

For example.....someone might have looked at the setup I posted for AWX back on Sept 11 and laughed at how short my target was:


And they'd have been correct to laugh.....for the stock was good for a +70% move in 6 weeks rather than the 26% reward I highlighted:



So it's all relative to one's own game plan one draws up. It's relative to what happens in price action, and when it happens. If a position acts right for a long time, the target is going to be adjusted perhaps. And if it acts wrong, the stop or exit condition is going to be adjusted. But you know how I think..........it's all about the risk/reward. I prefer r/r of 10, but Ski might only look for 4. You might look for 3, and MM doesn't care what the r/r is. The more I do this stuff the more I'm inclined just to give the bias, where the stop on the bias is, and leave the rest for the reader. I truly don't think too many people care that much about what I say or where I say it.

Best to ya NB. Make a million in the last weeks of this year will ya!

I really have to disagree with you on that statement Spike. I read everyone of your posts and take them all into consideration. I think whethere or not someone makes the play has more to do with their own personalities and their own strategies. Your discipline, mine, and a number of others seem to be in sinc, our parameters on the risk/reward, stops etc. are a little different, but a much larger number of other traders here aren't operating on the same wavelength as far as adhering to a strict set of rules for themselves. It mystifys me that they don't see the logic that you or I do but that is what makes a horserace. Sometimes it can be disheartening and it seems like it's not worth it to go through the trouble but I like posting my feelings and trades and just discussing trading stocks in general. You haven't been around as much as in the past and I'm sure that has some bearing on your posts and commentary. When you're not in everyone's face on a regular basis it isn't the same and it's much easier for your commentary to get lost in the sauce so to speak. You've still got what it takes Spike and everyone here should be reading your posts and giving them due consideration. I know you have alot going on and that takes alot of your time. But in reality it is much easier on the general public when it is right in front of your face and they don't have to do much work to get it.

[Runner]

I tend to agree with Spike. I believe it is up to the individual looking over a stock to determine his/her own risk/reward on any given trade. We all have different risk levels and or beliefs so I think it is like throwing dust into the wind explaining ones personal risk/reward plans.

[Lyehopper]

I care, but I can't follow you any more.....

I truly don't think too many people care that much about what I say or where I say it.

Well, Spike, I used to read every single post you made here and you taught me a lot.... Then you left.... And in all honesty I can't figure out your blog because it's just too confusing and frustrating to figure out for me.... I've had other members here tell me the same thing.... I don't even follow the logic of your newest TA and so I just kinda look at it and try to understand it. In the past I would have questioned you, but now I don't bother because you don't have an active thread.... So the play you posted on 9/11 was completely missed by me.... And about a thousand others here too I'm sure.

[New-born baby]

New-born,
I'm surprised you haven't commented on Canadian Energy Trusts reaction to announcement that they'll be taxed as corporations in 4 years.


-----------billyjoe

That's a proposal and not yet law. I saw trouble coming on the chart--the chart didn't say what the trouble would be specifically, just that the trusts were going to take a $6 hit--so I sold out about three months ago.

My comment: liberals hate industry and profits. They love taxes.

Other than that, BillyJoe, today was an excellent buying opportunity. These things are not going to go away, and at 19% yield, well, I shouldn't have to say much more.

Oh, yeah; I should say: God bless BillyJoe.

[New-born baby]

Well, Spike, I used to read every single post you made here and you taught me a lot.... Then you left.... And in all honesty I can't figure out your blog because it's just too confusing and frustrating to figure out for me.... I've had other members here tell me the same thing.... I don't even follow the logic of your newest TA and so I just kinda look at it and try to understand it. In the past I would have questioned you, but now I don't bother because you don't have an active thread.... So the play you posted on 9/11 was completely missed by me.... And about a thousand others here too I'm sure.

Spike,
As a friend I have to agree with LYE when he says your blog is very hard to follow. Here it was very easy. Just punch up new posts and scroll along. It was marvelous. I learned most of my TA skills from you (thank you very much). But somehow that blog doesn't read easily for me. It is hard for me to figure out how to navigate the site, and find the latest posts. It seems that I punch up your blog, and I keep getting something you wrote last week, last month, and can't get a grip on today's stuff.

I wanted to tell you this in a friendly way several times, but I just let it go. So now that I have the opportunity, I have. Your dust is gold, Spike; but the format of that blog space is somewhat convoluted for me.

Even with a hard to navigate site, you are still put up the best TA anywhere.

[New-born baby]

I tend to agree with Spike. I believe it is up to the individual looking over a stock to determine his/her own risk/reward on any given trade. We all have different risk levels and or beliefs so I think it is like throwing dust into the wind explaining ones personal risk/reward plans.

Runner,
You know I have the greatest respect for you and Spike. And when it comes to stock scans and finding golden nuggets lying in tons of mud, you ferret them out better than anybody I know. If I were 1/10th as good as you I'd be independently wealthy. I look forward to reading your post because I know that you always have found something special.

And since I have so much respect for your opinion, I for one would like your opinion on how you would play the picks that you post. Jack Haddad on this form leaves no one guessing about his opinion. That guy just posts "I bought it" and "I sold it" and at what price. I like his stuff, and I think that a little more forerightness on your part would add alot of value to your posts.

[Runner]

NB, I thank you for your kind words. Your charting has really been rocking. I think you have the knowledge to make things work for you. I have been posting my picks on Ski's thread. In fact I had a rotation a few weeks ago on a few stocks and added a few this week. CROX ticks me off every time I think about it. Anyway I think the last stock we discussed here was URBN and I did not buy it but it was set up. You remember my thread with my entire list of 14,323 stocks...hehee.. Purpose of that was not that they all were buys but I would focus on how many from the same group were in possible set-up mode...I run my scans like a pyramid. The groups with the most returns is normally were I focus.. For the most part I've been staying away from day trades...

[lemonjello]

Cramer was pounding the table for the Canadian Trusts today. 20% yield? Added to the fact the Canadians could change their mind in the next 4 years. The only way to lose is if oil and gas keeps tanking. In fact, it could make a great high yield hedge against the dollar.

That's a proposal and not yet law. I saw trouble coming on the chart--the chart didn't say what the trouble would be specifically, just that the trusts were going to take a $6 hit--so I sold out about three months ago.

My comment: liberals hate industry and profits. They love taxes.

Other than that, BillyJoe, today was an excellent buying opportunity. These things are not going to go away, and at 19% yield, well, I shouldn't have to say much more.

Oh, yeah; I should say: God bless BillyJoe.