Hot Pick Of The Day

[skiracer]

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.

Regarding those 5 stocks you posted on. SPIL looks great from here. I'm going to be stalking it for an entry. I like the weekly better than the daily. AKAM also looks pretty good. I would wait for a pullback here but the weekly looks great and the daily looks to be range bound over the last couple of weeks which in my opinion is good as it is consolidating some of those recent gains. I would be keeping an eye on this one also. I can't agree with you on HOG. I have been watching it for a possible short play. The weekly has been almost straight up for awhile and it looks to me that it needs some consolidation underneath these levels. Plenty of room for that on the weekly. IMCL is making the right side of it's cup and that is one of my favorite chart patterns coming off a bottom or recent lows. I like both the daily and weekly on this one. Definitely worth watching right here. I hate the biotechs though as so much can go wrong with the politics and test trials. Your at the mercy of the FDA.
I think that REGN needs to pullback here first before before continuing up. Looks like it wants to stall out alittle on both the daily and weekly but definitely in an uptrend. NB mentioned FMD. I had been watching it for a possible short awhile back and had posted on it several times about there being plenty of room underneath those levels at the time for a big consolidation and I did catch it for a 5.85 gain on the short but I like it here to the upside on both the daily and the weekly. Not saying that I would play it but it looks pretty good to the upside.
Spike I've visited your site a few times and found it to be pretty neat. I have always found you commentary to be right on the money. I wish there was more time in the day to do more things but it just isn't that way for me anyway. It's hard to do everything so I have tried to keep my thing here where I get alot of exposure and feel at home and pretty comfortable. Ernie's great and gives us all a lot of latitude. I'm behind you 100 % in whatever endeavors you try and hope they are all successful. Feedback can hurt at times but I think you understand how everyone here feels about you. Just wish we would see more of your commentary here whenever you get a chance. Good luck.

[New-born baby]

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.

Thanks, Lemon, because I don't see/hear Cramer, and was therefore unaware of what he said. Apparently his sermon produced an effect because HTE was up nearly $1 today. And it is still a buy!

[New-born baby]

Pete

Okay, Mr. Hansen! You always have a low priced stock with potential for me.
Finally, I have one for you. Here it is: CXTI.OB

[skiracer]

Okay, Mr. Hansen! You always have a low priced stock with potential for me.
Finally, I have one for you. Here it is: CXTI.OB

NB,
It appears that there may be a descending triangle forming if you were to connect a line across the top high points from July thru November. What do you think? But if you were to look at it from a shorter time frame it could possibly be a smaller version of a symetrical triangle.

Also meant to congratulate you on that move with AOB in the POTW yesterday. Do you own it? Quite a move to take me out of 1st place. I like a race where it goes down to the wire. Much more fun and exciting.

[billyjoe]

New-born,
Since everyone's being honest and forthright here today and not intending any disrespect I've got to say that it seems to me that your calls are much more accurate on the short side than the long side. When you say watch out! and draw all those lines and arrows you're almost always right. But when you with those same lines and arrows say "if this goes to this level and the #&% crosses the *^@ at this point ABC will go to infinity", those things often don't happen. Do you think you're better looking for bad situations or is it my imagination? Thanks


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

[New-born baby]

New-born,
Since everyone's being honest and forthright here today and not intending any disrespect I've got to say that it seems to me that your calls are much more accurate on the short side than the long side. When you say watch out! and draw all those lines and arrows you're almost always right. But when you with those same lines and arrows say "if this goes to this level and the #&% crosses the *^@ at this point ABC will go to infinity", those things often don't happen. Do you think you're better looking for bad situations or is it my imagination? Thanks


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

Did you know Jessie Livermore was better on the bear call than the bull call?
He was called the Great Bear King. He shorted the market on a few days before the collapse in October, 1929, and made $100 million in three days.

Yes, I am more of a bear than a bull, usually. Right now the market is so hot that I am a full bull, but under more normal circumstances, you are right.

[peanuts]

Andersons and Marathon Oil joint Venture

This looks interesting and promising:

LINK

[New-born baby]

NB,
It appears that there may be a descending triangle forming if you were to connect a line across the top high points from July thru November. What do you think? But if you were to look at it from a shorter time frame it could possibly be a smaller version of a symetrical triangle.

Also meant to congratulate you on that move with AOB in the POTW yesterday. Do you own it? Quite a move to take me out of 1st place. I like a race where it goes down to the wire. Much more fun and exciting.

Yes, that descending triangle failed to materialize, and it is a
"W" bottom instead.

It ain't over until it's over. You'll probably smoke me the rest of the week, and I'll finish near the bottom of the pack again

[New-born baby]

This looks interesting and promising:

LINK

Take a close look at that MRO chart. HUGE formation with HUGE upside coming! Buy the calls? Or just buy the stock and be done with it?

[skiracer]

Yes, that descending triangle failed to materialize, and it is a
"W" bottom instead.

It ain't over until it's over. You'll probably smoke me the rest of the week, and I'll finish near the bottom of the pack again

I think that is a pretty good stretch on the double bottom pattern but if it works for you good. I don't think that I'll be smoking you with MED today anyway. Looks like the shorts might have their claws into it.

[spikefader]

Well, Spike, I used to read every single post you made here....then you left....

Yeah Lye, I know how you felt and feel about me posting content at my own shop; you didn't support the concept then, and still don't.....and your negativity has always rung loudly in my ears and heavy in my heart. It would have meant a lot to me personally had you supported and encouraged rather than voicing your negative warnings. But you owe me nothing and I don't expect anything.

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....

Didn't know surfing a Wordpress blog could be so tricky lol Well fwiw I've fixed it so you get all posts in one page.

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.

So I guess all you thousand knuckleheads missed ADBE for +52%.....and CERS +30%, PARL +27%, EEE +24%, SPWR +22%, RIMM +22%, ORCL +21% ....... and the other 28 green positions! LOL Shoot, Lye, how bad can the navigation be to justify not visiting?! Anyway, whatever. Visit if you like, or don't. I think you've had a problem with the whole blog thing from the get go and don't wanna be a regular visitor.

And are you seriously saying you don't follow the logic of a triangle pattern or a channel pattern? Come on now Lye.......maybe you're just leveraging that angle to throw up another cloud of negativity?? How many others think this regarding the triangles and channels? I thought the simplicity of them would be hard to dispute.....Please speak up........are they so hard to understand?

What does it mean when a bunch of different triangles or channels over different time frames and filters show the same thing........eg. breakouts from a pattern or number of patterns? Well it means exactly what you're tempted to think......that a trade in the direction of the break, toward the sizeable reward, has some TA based reason to support the trade. Not rocket science....and it's just another method of identifying support and resistance so one can make a logical trade. But in the end it's all about timing; all about finding a good place to take the trade...all about how much risk you want to take, and how much reward you look for, and what you % probability of success is, and what your win/loss ratio is. It's all about how you take the bias shown in the chart and turn it into profit via great patience, great execution, and great money management. Whether it's fuzzy C's, double tops, head n shoulders, Fibs, triangles, channels, trendlines, or just good old FA, the method or reasoning for entry is just a small part of what makes a trade a quality trade.

But if you don't like that logic or TA, Lye, I do still post fuzzy counts and other TA methods I've done in the past....probably less channel work nowadays...not because they're not excellent, but these triangles and channels are excellent too...as well as being faster for me to view and share.

I really have to disagree with you on that statement Spike. I read everyone of your posts and take them all into consideration.....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.

Thanks ski. You are right of course.

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.

Well glad to hear your thoughts, NB. Thanks and yer welcome. And I'm very pleased that you are so active in sharing the TA you have come to know so well. As for my site's issues on navigation, like I said, I've just changed it so all posts are displayed on the main page....and I've even created a "How to navigate this site" page for you dummies SssSss ~joke~.

But ya know what, NB, I suspect it doesn't/won't change the fact that yall would still prefer me to be posting here in my own thread.....and it doesn't really matter how good the format gets at my site.....it just isn't the same.

Well, such is life I guess. I love yall anyway ..... and I'll still continue to come here and annoy you every now and then

[New-born baby]

Well glad to hear your thoughts, NB. Thanks and yer welcome. And I'm very pleased that you are so active in sharing the TA you have come to know so well. As for my site's issues on navigation, like I said, I've just changed it so all posts are displayed on the main page....and I've even created a "How to navigate this site" page for you dummies SssSss ~joke~.

But ya know what, NB, I suspect it doesn't/won't change the fact that yall would still prefer me to be posting here in my own thread.....and it doesn't really matter how good the format gets at my site.....it just isn't the same.

Yes, Spike, we would prefer you to stay here on MM forum. But that doesn't affect my opinion of how easy it was to navigate your site. Since you have now changed it, I'll check it out and see "How to navigate this site" page makes it easy for me. Thanks!

[New-born baby]

Thanks Spike

Spike,
Now that's better.

[spikefader]

Regarding those 5 stocks you posted on. SPIL looks great from here. I'm going to be stalking it for an entry. I like the weekly better than the daily. AKAM also looks pretty good. I would wait for a pullback here but the weekly looks great and the daily looks to be range bound over the last couple of weeks which in my opinion is good as it is consolidating some of those recent gains. I would be keeping an eye on this one also. I can't agree with you on HOG. I have been watching it for a possible short play. The weekly has been almost straight up for awhile and it looks to me that it needs some consolidation underneath these levels. Plenty of room for that on the weekly. IMCL is making the right side of it's cup and that is one of my favorite chart patterns coming off a bottom or recent lows. I like both the daily and weekly on this one. Definitely worth watching right here. I hate the biotechs though as so much can go wrong with the politics and test trials. Your at the mercy of the FDA.
I think that REGN needs to pullback here first before before continuing up. Looks like it wants to stall out alittle on both the daily and weekly but definitely in an uptrend. NB mentioned FMD. I had been watching it for a possible short awhile back and had posted on it several times about there being plenty of room underneath those levels at the time for a big consolidation and I did catch it for a 5.85 gain on the short but I like it here to the upside on both the daily and the weekly. Not saying that I would play it but it looks pretty good to the upside.
Spike I've visited your site a few times and found it to be pretty neat. I have always found you commentary to be right on the money. I wish there was more time in the day to do more things but it just isn't that way for me anyway. It's hard to do everything so I have tried to keep my thing here where I get alot of exposure and feel at home and pretty comfortable. Ernie's great and gives us all a lot of latitude. I'm behind you 100 % in whatever endeavors you try and hope they are all successful. Feedback can hurt at times but I think you understand how everyone here feels about you. Just wish we would see more of your commentary here whenever you get a chance. Good luck.

Thanks for the comment on those five picks, Ski. HOG comments surprise a bit.....a short?!!! Ah, what makes a horserace! hehe

Here's where they stand from when I posted the setups at my site:
SPIL +1.8% (after hours it's jumping around a bit tonight)
AKAM even
HOG +1.6% in a 3rd impulse up.
IMCL +0.15%
REGN +13.02%

I'll try to remember to come back in a few weeks and see how they panned out.

[Gwhiz]

New Born,

Whats your opinion on SHWC

Formed a head and shoulders, but bounced off from resistence beautifully.

Intuitively I think it looks good from here.

What are your thoughts on this stock?