Hot Pick Of The Day

[New-born baby]

Vtiv

Ski--

Be careful here! I just looked at the chart, and I don't like what I see.

Click on image, then click again to enlarge.



Careful here!

[Runner]

Newborn what ya think of this set up? lo

[billyjoe]

New-Born,

Have you ever looked into TRLG ? I'm thinking about taking my small GOOG profits and buying a little TRLG. Am rebalancing to a Mr. Market type portfolio with no more than 7-10% in any one stock. Can't risk these after hours sell-offs any more.

billyjoe

[skiracer]

New Born,
I'm amazed at the drop in VTIV after the great earnings report. I called the information officer at the company, they are located right here in north Jersey, and he said he knew of nothing to prompt the selloff. I know it is a fundamentally sound company an I agree with your idea that someone is unloading a position of some size and that could be the reason for this drop. Anyway I'm waiting and watching for a bottom an a reversal. This could turn out to be a great opportunity for entry once it bottoms.

Runner,
PTMK looks like a winner to me. Just needs alittle time to consolidate some of these recent gains and maybe form some type of handle in the process after climbing the right side of it's cup. Again only time will tell and patience over the next few days will pay off. Keep an eye on it. My own opinion is that it will turn out to be a winner.

[skiracer]

New Born,
An ascending triangle has more of a level horizontal top line connecting the top high points, usually designating the resistance, with an upwardly sloping bottom line connecting the low points. Here is an example of the pattern from John Murphy of Stockcharts.com.

This isn't the best example but the top line should be horizontally level or very close to it. The bottom line must be upwardly sloping.

[New-born baby]

BillyJoe and TRLG

New-Born,

Have you ever looked into TRLG ? I'm thinking about taking my small GOOG profits and buying a little TRLG. Am rebalancing to a Mr. Market type portfolio with no more than 7-10% in any one stock. Can't risk these after hours sell-offs any more.

billyjoe

BillyJoe,

Here's how I see TRLG: a total momentum play. In the past, you could have had the "buy and hold" on this. But she has been skying pretty high, and may not stay up there long. It might have another shot of gas in the tank, but when it fails, I think it will lose $1+ in a day.

REMEMBER: I could be wrong.

Here's the chart:


Click on image, then click again to enlarge.

Readers may want to want this one for a momo play. It could move nicely for a couple of days if it breaks out again. But I wouldn't walk away from the computer screen . . . .

Also consider the present market weakness.

[New-born baby]

Still hot

Newborn what ya think of this set up? lo

Runner,

Nice ascending triangle. Should have bought it.
But I think this one still has gas left in the tank. I don't think she
is done just yet. Only thing I hate is the runaway gap, because I
think they are all about like ELN--they fill sooner or much later.

Here's a chart:

Click on image, then click again to enlarge.

Runner--she's going to go higher!

[New-born baby]

Easy, guaranteed money

GM LONG'

That's right! GM is offering a .50 divy to holders of stock by 5/16/05 close.
Current price $31 per share. And Dr. Kerkorian says he's going to buy a 10% stake in GM at $31 per share. A pretty safe play, I'd say. I think you can hold through the record date and at least get your $31 back and the .50 per share divy.

[Runner]

Runner,

Nice ascending triangle. Should have bought it.
But I think this one still has gas left in the tank. I don't think she
is done just yet. Only thing I hate is the runaway gap, because I
think they are all about like ELN--they fill sooner or much later.

Here's a chart:

Click on image, then click again to enlarge.

Runner--she's going to go higher!

Newborn, I don’t think PTMK is done. It is in P/B mode. It has been performing as I anticipated. Will look for entry at latter time. Notice the nice market structure high @ 9.13.

[New-born baby]

Thanks, SKIRACER

New Born,
An ascending triangle has more of a level horizontal top line connecting the top high points, usually designating the resistance, with an upwardly sloping bottom line connecting the low points. Here is an example of the pattern from John Murphy of Stockcharts.com.

This isn't the best example but the top line should be horizontally level or very close to it. The bottom line must be upwardly sloping.

Thank you for the post. Anybody named "Skiracer" ought to know something about the slopes!

[Runner]

Newborn is was one of my trades today on PTMK. Bot @ 8.47 and sold @ 8.68. Noticed BB bands getting nice and tight and jumped on it when it popped up. Once the BB top was broken this is where I jumped out. Total time about 15 min.

Chart is a 3 minute chart

[New-born baby]

Runner

Runner,

Nice trade. And nice camera work, too. I am glad you made some bucks today. Everything, and I mean everything, on my screen is red. (I don't follow PTMK). But I do follow FDG, and it is currently down about $5.50, and we have the 'slaughterhouse hour' (the final hour before close) ahead of us.
This last hour could be brutal today.

Oh, I do have one green stock: ELN. That thing, I could never figure out.

Keep up the good work, and the good posts!

[Runner]

Looking @ another possible set up on PTMK, bands getting tight!

[Runner]

[Runner]

Only took .05 cents on it this time.lo