Hot Pick Of The Day

[New-born baby]

Your timing on that trade was miraculous seeing that it opened at 54.16 and the high of the day was at yesterdays close of 54.38. Why did you exit the play at 54.17 and make .16 when you could have ridden it down to 53.65 level. What made you exit the trade
at that point and so early?

I should have held the short longer. But I took the quick profits. In fact, LLY is probably headed much lower. I was set up to reshort the stock at $54.33, but it only got up to $54.31, and I didn't pull the trigger.

[Gwhiz]

Thanks for the free options cd New Born.

Can't trade options til my account reaches 25,000 but I can start learning now.

[billyjoe]

New-born,
We miss you. Here's a deal you might want to consider. I know that WLT's chart isn't so hot, but it can drop a good deal before you lose on this one. For each share of WLT you own on Dec.6th , you get around 1.68 shares of MWA on Dec.14th. WLT is at about 43.59 and MWA is 14.60 at close 11/28/06. What possibly can go wrong? Guess I'll find out. I've loved this kind of deal ever since you told me of the SFL spinoff from ? That must have been last year some time.

-----------So far this year I have had 2 buyouts , SGDE and ATYT , a 10% special div. in stock ,SPIL, and sold 1 about 3 weeks too early, MOSS. Have three potential spinoffs now , WLT, MO, and HAL . I know that HAL and MO are evil, but I can make charitable contributions with the profits.

----------billyjoe

[Lyehopper]

..... I know that HAL and MO are evil, but I can make charitable contributions with the profits.

LOL! I like that logic....

[riverbabe]

Newborn, thanks for the options links! You are a true blue MM participant! By the beginning of 2007 I might just be able to speak the language and try them out! Riverbabe

[jiesen]

Hey NBB,

What does your chart say is in store for GPRO in the short term?

[New-born baby]

Hey NBB,

What does your chart say is in store for GPRO in the short term?

Jiesen:
Let's see: GPRO . . . may retest that $47 market before moving any higher. PnF says she should have dived all the way down into the $34 level, but then she had a low pole reversal.

In summary: I am bullish as long as $47 holds. If that fails, you'll wish you had learned the options game to cover yourself instead of taking a loss down to $34 on this one. She's below her 50 day average, so you have to say its a bearish stock right now. I don't want her under the 50 day. She ran up against the 50 day and fell down. Short this one for now.

[New-born baby]

New-born,
We miss you. Here's a deal you might want to consider. I know that WLT's chart isn't so hot, but it can drop a good deal before you lose on this one. For each share of WLT you own on Dec.6th , you get around 1.68 shares of MWA on Dec.14th. WLT is at about 43.59 and MWA is 14.60 at close 11/28/06. What possibly can go wrong? Guess I'll find out. I've loved this kind of deal ever since you told me of the SFL spinoff from ? That must have been last year some time.

-----------So far this year I have had 2 buyouts , SGDE and ATYT , a 10% special div. in stock ,SPIL, and sold 1 about 3 weeks too early, MOSS. Have three potential spinoffs now , WLT, MO, and HAL . I know that HAL and MO are evil, but I can make charitable contributions with the profits.

----------billyjoe

Hey BillyJoe. So sorry to have missed this post earlier.

WLT has lots of overhead resistance. She is going to run until she hits the ex-date, and then she dumps. If you want this one, why not sell a call to help cover yourself, or else buy a put so that when she dumps, you won't lose your shirt?

SELL a JAN $50 call for $1.40 and keep the change.

[New-born baby]

GERI:
May I suggest an AAPL instead of RIMM?
This bullish stock may hit $95-$100.

PnF likes it to $97, and the Dow Theory calls for an unbelievable
$120 should AAPL clear this $86.38 and hold it.

I own this one.

I hope you all got into this one. BillyJoe, how about it?

[billyjoe]

New-born,
I'm in AAPL since 90.09.

----------billyjoe

[Lyehopper]

.....I know that WLT's chart isn't so hot, but it can drop a good deal before you lose on this one. For each share of WLT you own on Dec.6th , you get around 1.68 shares of MWA on Dec.14th. WLT is at about 43.59 and MWA is 14.60 at close 11/28/06. What possibly can go wrong? Guess I'll find out......

WLT is proving to be HUUUUGE Billy!!!! Very solid fundamental play with little downside risk....

[New-born baby]

New-born,
I'm in AAPL since 90.09.

----------billyjoe

And I bought WLT at $47.40 . . . .

I'd say that everytime you find a play with a huge divy, or a special divy like this one, you ought to post it here ASAP. They always run up to the ex-date.

[Rob]

Hrt

Hey, New-born Baby, I've got a chart for ya.

Tell me what you think of this!

[New-born baby]

Hey, New-born Baby, I've got a chart for ya.

Tell me what you think of this!

I think I need to buy some!

[billyjoe]

Hey BillyJoe. So sorry to have missed this post earlier.

WLT has lots of overhead resistance. She is going to run until she hits the ex-date, and then she dumps. If you want this one, why not sell a call to help cover yourself, or else buy a put so that when she dumps, you won't lose your shirt?

SELL a JAN $50 call for $1.40 and keep the change.

New-born,
Did you sell a call or buy a put ? I bought it at 43.47 and 46.64. I will continue to post any situation like this I come across. Now explain how I can lose my shirt if I get 1.6 shares of MWA for every share of WLT held on Dec. 6th. Wouldn't WLT now have to drop about 24 points in the next 3 trading day not to at least break even?

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