Hot Pick Of The Day

[New-born baby]

Gentlemen . . . please.

Gentlemen . . . please quit the moaning about missing the boat with NGPS.
Believe me, you haven't! Look at this chart: ascending triangle, bullflag! The target is $50. And maybe more. The previous $32.50 target has been revised to $50. ALL ABOARD!


Just buy some Monday and enjoy the ride!

[Runner]

Runner,

Can you run Scans for EMA convergence? Then throw list on this thread, and I'll chart 'em!

Newborn, I’ve got a scan with the EMA string. I might get 1-5 returns a day if that. My last return from Friday was only SKS. SIRI hit a few weeks ago. This is the current string for SIRI





I begin with the longer range view and then work in closer time frames!From what I’m seeing the tighter the String the better. This only indicates a nice move may be coming, but the direction of the move is not determined.

[skiracer]

Newborn, I’ve got a scan with the EMA string. I might get 1-5 returns a day if that. My last return from Friday was only SKS. SIRI hit a few weeks ago. This is the current string for SIRI





I begin with the longer range view and then work in closer time frames!From what I’m seeing the tighter the String the better. This only indicates a nice move may be coming, but the direction of the move is not determined.

Runner,
Interesting scans. Can you share how you set them up or do you subscribe to a service to get those scans?

[Runner]

SKI, I’ve been working on this scan for a pretty long time and I think I’ve almost got it where I want it. At this time I’m going to wait to pass it along until I got it fine-tuned. I scan about 9,000 stocks and to only get 1-5 returns is telling me I’m getting close. What has been taking me so long is trying to figure out the logic behind the scan. It has been harder for me then I thought.

Another scan in the works has to deal with CMF or accumulation and distribution line, simply the buying and selling pressure. Well we can simply look at the volume to see that, but my logic behind this scan is to find stocks that are showing renewed vigor in the buying or selling and filter out the rest.

[Websman]

Gentlemen . . . please quit the moaning about missing the boat with NGPS.
Believe me, you haven't! Look at this chart: ascending triangle, bullflag! The target is $50. And maybe more. The previous $32.50 target has been revised to $50. ALL ABOARD!


Just buy some Monday and enjoy the ride!

Poorman's target price for NGPS is $37. I think I'll pick up a few shares tomorrow. Afterhours action was weak on Friday, so maybe it'll open a little lower.

[New-born baby]

Poorman is no Poor Man

Poorman's target price for NGPS is $37. I think I'll pick up a few shares tomorrow. Afterhours action was weak on Friday, so maybe it'll open a little lower.

He knows what he's talking about. I am going to add some shares on a pullback Monday.

[Runner]

Newborn, what does your magic wand say about EIX? Does it got any more gas to carry it to about 41.00?



Last one is a weekly on RTI. Might be at the make it or break it point!

[jiesen]

or even better?

http://finance.yahoo.com/q/bc?s=EIX&t=my&l=on&z=m&q=l&c=njr

how about NJR? unstoppable!

[New-born baby]

Looks . . . .

Newborn, what does your magic wand say about EIX? Does it got any more gas to carry it to about 41.00?

Here's a daily on EIX:


Here's the weekly on EIX:

Weekly looks strong still; daily shows a lot of weakening, and looks risky.
Me, I want to play the strongest charts/stocks. I have no particular love of any of them. Collect the dead presidents and go. So I would leave this one alone for a stronger chart.

The daily says that if the market cooperates, EIX may consolidate along the $37.50 line before it moves higher. If the market doesn't cooperate, I don't think the current $37 support will hold and you are moving down. In other words, I think it has to consolidate here before she can move higher.

[New-born baby]

Day trading. . . houses, of course.

Read this:

Telltale Signs of a Housing BubbleTelltale Signs of a Housing Bubble
Keith Fitz-Gerald, Editor
Skeptical Investor
June 10, 2005SEND TO A FRIEND | GET FREE ADVICE
I used to think that Federal Reserve Chairman Alan Greenspan was very smart and that I simply disagreed with him from time to time. But lately, I'm beginning to wonder if he’s completely delusional. Can you believe that he was quoted again just yesterday as saying he didn't see a housing bubble?

I just don’t get it. The evidence of a bubble is overwhelming if you choose to examine it objectively, which is what skeptical investors do. When you look at both how fast housing prices have risen and the increasingly irrational behavior we’re seeing from so many buyers and speculators, you have all the telltale signs of a bubble staring you right in the face. We’ll talk in a moment about what happens when bubbles burst, but let’s start with some of those convincing signs. Here are some of my favorites recently:

1. 55 of 362 metropolitan markets are considered to be boom markets by the Office of Federal Housing Enterprise. What’s a boom market? Any market that has shown 30% or more in growth over a three-year period. In a related statistic, the National Association of Realtors reported the highest number of metropolitan areas having double-digit price increases since it started compiling this data over 25 years ago.

2. People are going to ridiculous extremes to buy houses, entering into non-traditional, high-risk mortgages that place their entire financial future at risk. People don’t think of their houses and their investment portfolios as having integrated risks, and boy is that foolish. For example, over 65% (that’s two out of three!) of new mortgages in 2004 were adjustable rate mortgages—not good when interest rates are rising. Half of all new mortgages in the "jumbo" category (currently more than $350,000) are interest only, so the owners only build equity if the price appreciates. If it falls, they will owe more on the house than it’s worth. To make matters worse, 90% of the jumbo loans are adjustable rate loans. That’s a double whammy! There's even a new twist called the "neg-am," which stands for "negative amortization." That means that the amortization schedule works in reverse and the principal grows larger over time—essentially backwards from conventional mortgages. Again, if housing prices fall, a lot of folks won’t have anywhere to go but backwards—right into the hole they’ve dug for themselves! If that happens to enough people, you better believe it will affect the whole economy.

3. People are day-trading houses in Florida, where some homes are literally selling twice a day. That’s right. I don't mean multiple offers. I mean houses are being bought and sold twice by two separate parties on the same day!

4. The lead articles in Money magazine and other popular financial rags have been real-estate related in recent months -- highlighting people who have "made it" through speculative real estate purchases. If this reminds you of the late 1990s with Internet stocks, you’re right! And we all know how the dot.com bubble became the dot.bomb fiasco.

5. And do you remember the Investment Club phenomenon? It was considered a godsend for folks who thought they could get rich by sharing ideas with other investors. Well, it ended badly for millions of investors who got all hot and bothered about them. Now there are Real Estate Investment Clubs. Here we go again.

6. CNBC reported recently that over 40,000 people paid more than $3,000 per person to attend a get rich in real estate seminar in New York. A similar seminar, I've heard, was also held in Los Angeles with about the same attendance. This reminds me of the whole tech stock/day-trading phenomenon.

7. And one last interesting factoid to consider. Egos and architecture go hand in hand -- right before markets collapse. Examples include 4th Century Egypt, where the pyramids heralded the decline of the Pharaohs. The coliseum in Rome. The Chrysler and Empire State Buildings in New York right before the 1929 crash. And now, a 110-story condo only project in Miami. Plus, the "Trumpster," as in Donald, reports that he's sold every single one of the 1,282 units in his 64-story Las Vegas hotel/condo project—and not a single shovel-full of dirt has been turned over. Hmmm...

What This Means for You

I’m not pointing out the evidence of a real estate bubble just to prove Alan Greenspan wrong, although I think he is in this instance. What I want you to understand is that anytime you have mania driven behavior, there are very real consequences to consider when the mania is over. I want you to be aware of them.

First, if you’re buying a home or refinancing, stick with traditional mortgages that offer a fixed interest rate and allow you to build equity in the home over time. Try to make sure you maintain an equity position of at least 50% in any property you own -- that way you have the “cushion” to weather a potential downturn in prices. And if you have an adjustable mortgage rate, refinance as soon as you can to a fixed rate. I expect interest rates to keep rising for the foreseeable future, so any mortgage with adjustable features is likely to get significantly more expensive from here on out as rates go up.

And that gets to the real concern with housing. If prices come down—whether gradually or sharply—a lot of people are going to get caught owing more on their house than it’s worth. I’ve seen this happen firsthand in Japan, and it ain’t pretty. Furthermore, if you think it affects just the individuals who were stupid enough to put their financial future on the line with this nonsense, you might want to reconsider.

Up until now, we’ve been lucky. But we’re literally floating in debt. As long as everyone keeps lending, the bubble will keep expanding. But, bubbles burst, and whether this one explodes all at once or develops a slow leak over time, we’ll see the damage. It will rip through immediately to the financial services industry followed by a near cessation of consumer purchasing. With consumers making up two-thirds of our economy, you can see how devastating that would be. Anything with retail exposure would be at risk—think Wal-Mart, Home Depot and some of the bigger retailers. Consumer bankruptcies would sky rocket, and the markets—which are already fragile—would likely face serious declines as people tried to get their hands on cash they need to survive.

I’ll continue to watch the housing markets as part of my gauge on the overall economy. The good news is that our current investments would stay quite strong if the housing bubble burst. I’m not worried about that, and you can be sure we’ll make any adjustments we need to. I mainly want you to take action as soon as you can to avoid getting caught in what could be an ugly mess.

[Runner]

RTI is not performing badly today!!
ANSS trying
HOC been on fire
SIRI trying

[New-born baby]

Runner's Hot Stocks

Here's the scoop according to my chart skills (or lack thereof):
HOC


RTI


ANSS

ANSS I like least of all.

[Websman]

Housing prices have gotten way out of hand in my area. If this ain't a housing bubble, I'll cut my Vulcan ears off.

[Runner]

2 returns today
PUMP NWY

[New-born baby]

Charts

2 returns today
PUMP NWY

NWY--pretty ugly


PUMP


Neither one really appeals to me.