Skiracer's stock slopes

[wooish]

Nice congrats on VSH and winning this week's contest. I'm on the sideline next week. I can't wait for your next pick.

[skiracer]

Nice congrats on VSH and winning this week's contest. I'm on the sideline next week. I can't wait for your next pick.

Wooish,
are you familiar with a site www.barchart.com? if not check them out. you can subscribe, for free of course, to a number of their daily alerts and newsletters. they provide a chart of the day everyday and it is usually a strong setup. today's chart of the day was HUN. they have a number of scans than they run on a daily basis and they provide alot of great leads. it is definitely worthwhile to take a look. I like HUN and was going to post a chart on it tonight. I am probably going to make an entry in it this coming week but right now i think it may correct a bit before it's ready. also Pete had it on his list this morning. i dont know if he got it from barchart. I also have a couple of others that i am going to post charts on over the weekend for possible entry next week.

[Peter Hansen]

Ski

Wooish,
are you familiar with a site www.barchart.com? if not check them out. you can subscribe, for free of course, to a number of their daily alerts and newsletters. they provide a chart of the day everyday and it is usually a strong setup. today's chart of the day was HUN. they have a number of scans than they run on a daily basis and they provide alot of great leads. it is definitely worthwhile to take a look. I like HUN and was going to post a chart on it tonight. I am probably going to make an entry in it this coming week but right now i think it may correct a bit before it's ready. also Pete had it on his list this morning. i dont know if he got it from barchart. I also have a couple of others that i am going to post charts on over the weekend for possible entry next week.

I obtain many of my picks from www.bigcharts.com..........Big Reports , a sub division of bigcharts, has stox reaching 52 week highs .........this is where I got HUN from !

[Peter Hansen]

Ski

Wooish,
are you familiar with a site www.barchart.com? if not check them out. you can subscribe, for free of course, to a number of their daily alerts and newsletters. they provide a chart of the day everyday and it is usually a strong setup. today's chart of the day was HUN. they have a number of scans than they run on a daily basis and they provide alot of great leads. it is definitely worthwhile to take a look. I like HUN and was going to post a chart on it tonight. I am probably going to make an entry in it this coming week but right now i think it may correct a bit before it's ready. also Pete had it on his list this morning. i dont know if he got it from barchart. I also have a couple of others that i am going to post charts on over the weekend for possible entry next week.

I obtain many of my picks from www.bigcharts.com Reports , a sub division of bigcharts, has stox reaching 52 week highs .........this is where I got HUN from !

[skiracer]

I obtain many of my picks from www.bigcharts.com Reports , a sub division of bigcharts, has stox reaching 52 week highs .........this is where I got HUN from !

i read yours every morning pete and this morning HUN was also Barcharts chart of the day. actually you had it first and i liked it when i looked at the chart. it was one of the reasons that i exited WBS this afternoon to free up some bucks for HUN next week maybe.

[billyjoe]

I obtain many of my picks from www.bigcharts.com Reports , a sub division of bigcharts, has stox reaching 52 week highs .........this is where I got HUN from !

Pete,
I didn't realize Bigcharts had that. I've been using them for historical quotes and charts that range from 1 day to "all data" which could be decades. barchart.com is one of the best also.

------------billy

[skiracer]

Here's a weekly chart on HUN. it's been in an upward trading range for several month since back in 3/09. i have the elliot wave count at the b wave down in the abc 3 wave down corrective series of waves which usually occur at the end of the 5th wave up and before another series of 5 waves up begins. i could be wrong on this count and it could be just finishing up it's 5th wave up which would mean that it would now be getting ready for the beginning of the abc corrective pattern instead of close to finishing that corrective series. either way i am going to wait for the corrective abc series to finish up with the ensuing c wave down or the complete series of abc to start and finish before i would consider an entry. and either way i am still very bullish on HUN as the 20 ema has crossed back above it's 50 ema in 11/09 and it's 100 ema in 1/10 which i consider bullish signals. moving average crossovers to the upside are only signalling one thing. price action has to be moving up and when they are recent happenings like in HUN's case the indication is that there is still plenty of gas in the tank. as i stated i am definitely looking for an entry but will wait it out to see which way the wind is going to blow next week and for the expected corrective action to take place first. i would love to see it fall to $13 or lower levels and get in as cheap as i can. fundamentally speaking things are good. here something on their 4th qtr. report and here is the chart:

Fourth Quarter 2009 Highlights

* Revenues for the fourth quarter of 2009 were $2,096 million, an increase of 2% compared to $2,048 million for the same period in 2008 and a decrease of 1% compared to $2,108 million for the third quarter of 2009.
* Volumes for the fourth quarter of 2009 increased 13% compared to the same period in 2008 and decreased 7% compared to the third quarter of 2009 consistent with historical seasonal patterns.
* Adjusted EBITDA for the fourth quarter of 2009 was $165 million compared to $51 million for the same period in 2008 and $200 million for the third quarter of 2009.
* Net income attributable to Huntsman Corporation for the fourth quarter of 2009 was $66 million or $0.26 per diluted share, impacted by favorable year end accounting for taxes of approximately $79 million. This compares to net income attributable to Huntsman Corporation of $598 million or $2.53 per diluted share for the same period in 2008 and a net loss attributable to Huntsman Corporation of $68 million or $0.29 loss per diluted share for the third quarter of 2009.
* Adjusted net income for the fourth quarter of 2009 was $70 million or $0.27 per diluted share, impacted by favorable year end accounting for taxes of approximately $79 million. This compares to an adjusted net loss of $91 million or $0.38 loss per diluted share for the same period in 2008 and an adjusted net loss of $55 million or $0.24 loss per diluted share for the third quarter of 2009.

[skiracer]

Nice congrats on VSH and winning this week's contest. I'm on the sideline next week. I can't wait for your next pick.

thanks wooish, my wife and i just watched brad pitts latest movie, "Inglorious Bastards", if you haven't seen it do yourself a favor and pick it up. tremendous movie and so true to life about war. and pitt is as good an actor and at playing all types of zany characters as there is. a must see. i think he is nominated for an academy award for this part. not as much of him in the entire movie but his character makes the movie.

[wooish]

Qqqq

I was looking at the March 20 $43 and $44 options today and noticed someone was buying a boatload of $43 puts. Last time someone put that kind of money on QQQQ, the market tanked for consecutive days. I was looking at the QQQQ chart and it looks extreme bullish. Hmmm someone must've known something. I'm 80% cash right now, I think I might buy some $44 puts around this Wednesday.

[skiracer]

I was looking at the March 20 $43 and $44 options today and noticed someone was buying a boatload of $43 puts. Last time someone put that kind of money on QQQQ, the market tanked for consecutive days. I was looking at the QQQQ chart and it looks extreme bullish. Hmmm someone must've known something. I'm 80% cash right now, I think I might buy some $44 puts around this Wednesday.

i'll take a look at the chart on QQQQ. what led you to WATG in the game this week? do you own it?

[skiracer]

I was looking at the March 20 $43 and $44 options today and noticed someone was buying a boatload of $43 puts. Last time someone put that kind of money on QQQQ, the market tanked for consecutive days. I was looking at the QQQQ chart and it looks extreme bullish. Hmmm someone must've known something. I'm 80% cash right now, I think I might buy some $44 puts around this Wednesday.

wooish,
i agree with you that the chart looks extremely bullish. if i felt that the chart was as bullish as this one looks i wouldn't be buying any puts and go against my grain and what the charts are telling me. and with the march 20 puts the time element is very short. i would advise against that play. maybe something farther out with more time on my side if you wanted to take a shot. but i would be betting the other way off the charts signals.

[wooish]

Ski

I had the intention of buying WATG today but I came to work late and was away from my computer the whole day so I missed +5% today. WATG actually gave a buy signal close of last Thursday. Since I discovered it Friday EOD and missed the buy point today, I've missed a total of $1.5. If the market cooperates, the thing can go $11+. I personally don't like to chase stocks so I'm gonna have to let this baby go this time.

Here's a weekly chart:



Here's a daily chart:

[skiracer]

nice charts wooish. i like the look of the weekly. i think you'll do good with it this week. i always find it interesting how they stop right on a resistance at a moving average or trendline as is the case with the weekly where it stopped at the 100 and then reversed. good luck.

[skiracer]

Ody, just as insurance NYB long. i already submitted on the form.

[wooish]

QQQQ. Just bought 10 contracts of April 17 $45 put @ .95. If QQQQ goes up tomorrow I'll buy another 10.