Hot Pick Of The Day

[New-born baby]

Goog

rickflyboy,
Nice profit, but I think GOOG has a new engine , carburetor , and a full tank of gas.

billyjoe

Let's look under the hood of GooG. Here's a engine analyser:



It is not the type of used car I buy . . . .

[billyjoe]

New-Born,
This baby is powered by supercharged earnings.

billyjoe

[New-born baby]

Mistake

New-Born,
This baby is powered by supercharged earnings.

billyjoe

BillyJoe,

Do you think I made a mistake not buying 1000 shares at the IPO of $85?

[billyjoe]

New-Born,
The same mistake I made. My kids taught me about google and I told everyone it was going to be great once it went public. Unfortunately I listened to the naysayers and was talked out of buying.I'll bet an extra $130,000 would put a nice new steeple on your church.

billyjoe

[Websman]

BillyJoe,

Do you think I made a mistake not buying 1000 shares at the IPO of $85?

Don't worry. I never bought GOOG either.

[rickflyboy]

I truly hope you guys are right and that I sold much too soon.

[New-born baby]

Stock Surfing

I truly hope you guys are right and that I sold much too soon.

Ricky,

Count the waves on the GooG chart and see for yourself. Never buy on the 4th or 5th wave up--it may not be a wave up at all.

Too rich for my hillbilly blood anyhow.

[New-born baby]

BillyJoe

BillyJoe,

Just read on Drudge's site that GooG is valued more than GM, Disney, Viacom, and other big companies. The thing is overvalued and is going to come down--probably on Monday. Be careful, BillyJoe.

[IIC]

BillyJoe,

Do you think I made a mistake not buying 1000 shares at the IPO of $85?

Did you have the connections to get it at $85?

I call this a "Euphoric" play...ala TZOO and TASR...I applaud those who can trade these type...but somebody will be left holding the bag sooner or later.

It needs to split 3/1 real soon IMO

[New-born baby]

You are Right

Did you have the connections to get it at $85?

I call this a "Euphoric" play...ala TZOO and TASR...I applaud those who can trade these type...but somebody will be left holding the bag sooner or later.

It needs to split 3/1 real soon IMO

IIC,

I am with you, Doug. I have no guts for this one.

[billyjoe]

Did you have the connections to get it at $85?

I call this a "Euphoric" play...ala TZOO and TASR...I applaud those who can trade these type...but somebody will be left holding the bag sooner or later.

It needs to split 3/1 real soon IMO

I agree to some extent, but I don't see GOOG being comparable to TASR and TZOO. GOOG could become one of the all time monsters while TZOO IMO was mostly hype and TASR a fad that is now old news.

billyjoe

[New-born baby]

I agree to some extent, but I don't see GOOG being comparable to TASR and TZOO. GOOG could become one of the all time monsters while TZOO IMO was mostly hype and TASR a fad that is now old news.

billyjoe

BillyJoe,

I just want to reiterate that I want everyone on this board to make money. I am just voicing my concern about what I consider to be a higher level of risk. Like Doug, I don't like the big price one has to pay to play with the big boys.

[billyjoe]

New-Born,

I love a gal from Southern Peru with those Google eyes.


billyjoe

[New-born baby]

Short FRO

Hot Shot Pickers:

Today's hot shot pick of the day is FRO--SHORT!
Yep, the party is over for FRO. The accompanying chart will demonstrate a bearish descending triangle, which indicates distribution. When the $44 mark is breached, the flag pole says she's targeted for $31, a real nice 29.55% profit target.

[spikefader]

Hot Shot Pickers:
Today's hot shot pick of the day is FRO--SHORT!
Yep, the party is over for FRO. The accompanying chart will demonstrate a bearish descending triangle, which indicates distribution. When the $44 mark is breached, the flag pole says she's targeted for $31, a real nice 29.55% profit target.

Yep, definately a descending triangle. A few channel turn downs going on lately, and there is a volume by price hole down at 30ish. Also, a break below the 43.75 low (which was a channel long day) would add fuel to the bearish fire. On top of that, the weekly shows it is threatening to break a 12345abc long entry point, which could prove volatile if that happens. Definately a reason to hedge any longs with put options if 43.75 doesn't hold.

But helping the neutral argument, there hasn't been a channel short on the weekly, and only a pretty minor channel short on the daily. I would definately have a short bias if there was a solid channel short day from the top, but absent that, and the bullish look of the monthly chart, I think worst case very short-term is 42ish and a solid bounce.

The bigger picture 5 year monthly chart still shows a big bullish pennant pattern, and I would expect that triangle to resolve itself in the next 3 months, and there is the inevitable break either way. Bull break, more likely in my humble opinion, at least a test of the top of 54.21 and maybe new highs; bearish break, and a test of 40.00. If that fails then 31.00 is definately on the cards, as the bigger bullish pennant would be looking to form a flag. The bottom of that flag would likely get bought solidly.

Interesting stock our friend FRO. I pray it doesn't become a FOE harhar