Skiracer's stock slopes

[skiracer]

Ski, very interesting. I like ETF’s I simply run some simple Delta scans to see what’s going on. I think I’m tracking over 200 of then. I would be interested in this. I’ll PM you with my address. I might even use your info to set up a spread sheet. Here are some ETF’s of possible interest in relation to my Delta scan…

SLV GDX IAU GLD PXE IEO

Also Notice what groups have basically lead this market up.. It has been your commodity-based stocks. In fact the commodities are the only groups I’m currently bullish on. When the commodity stocks take a hit this entire market follows suit!

I knew you would be interested. I've been trading them and doing very well with them. Find the hot sectors and watch those ETF's. Very easy for quick swing trades. It's also nice to know what stocks make up those baskets for each ETF. I'll forward the email to you. It contains alot of great info. Runner, I'm up almost 20 points with the gold (GLD) ETF and still holding.

[Runner]

Also notice where your leadership or lack of? This market has been displaying a hard time establishing any leadership. Look at the Nasdaq, what a laggard. Also notice on many charts how the uptrends have not persisted very long. Makes one need to be quick to grab it and run for cover. How about the choppy action that has been going on in the S&P500? Trends just have not been very strong on the upside. I think this current action is dangerous for longer-term holdings. I think most of my traders as of late have only lasted a few days to a week max. Longest holding I’ve had was my FA stocks. I think I rode them for about a month before getting stopped on every one of them..

I’ve only got one swing open in Silver and will keep a tight leash on it. Makes one wonder. Heck I’m now thinking we might see shorts set up off next market bounce..

[Runner]

Come to think about it Ski I was looking into the basket of GDX and see several GOLD related stocks that may be trying to put in an inverse S/H/S. GDX has 45 stocks that make up the basket. I’ll look into them later this weekend and try to post some plays if I see some…

[skiracer]

Also notice where your leadership or lack of? This market has been displaying a hard time establishing any leadership. Look at the Nasdaq, what a laggard. Also notice on many charts how the uptrends have not persisted very long. Makes one need to be quick to grab it and run for cover. How about the choppy action that has been going on in the S&P500? Trends just have not been very strong on the upside. I think this current action is dangerous for longer-term holdings. I think most of my traders as of late have only lasted a few days to a week max. Longest holding I’ve had was my FA stocks. I think I rode them for about a month before getting stopped on every one of them..

I’ve only got one swing open in Silver and will keep a tight leash on it. Makes one wonder. Heck I’m now thinking we might see shorts set up off next market bounce..

I like silver as much as gold, although I haven't been trading in it hardly at all. One silver stock I like is PAAS. I find the ETF's much easier to analyze than stocks.

[Runner]

I knew you would be interested. I've been trading them and doing very well with them. Find the hot sectors and watch those ETF's. Very easy for quick swing trades. It's also nice to know what stocks make up those baskets for each ETF. I'll forward the email to you. It contains alot of great info. Runner, I'm up almost 20 points with the gold (GLD) ETF and still holding.

Very good points Ski. I still have not figured why more traders do not like ETF’s. Sure the volatility is low but you don’t need to conduct much if any FA on them. One could also offset the ETF by buying some of the stocks in the basket. I would highly recommend a new investor to learn ETF’s as the downside hits normally are not as bad as individual stocks. It only takes a little bit of negative news on a stock to get hammered. With a basket you are better leveraged IMO.

[skiracer]

Very good points Ski. I still have not figured why more traders do not like ETF’s. Sure the volatility is low but you don’t need to conduct much if any FA on them. One could also offset the ETF by buying some of the stocks in the basket. I would highly recommend a new investor to learn ETF’s as the downside hits normally are not as bad as individual stocks. It only takes a little bit of negative news on a stock to get hammered. With a basket you are better leveraged IMO.

That's a good point and what I like about them. One stock has a bad qtr. or eps report in that basket an it doesn't necessarily mean the whole ETF will tank.

[Runner]

Ski, a few I’m looking at this weekend for possible swings

GRS GOLD NXG FCX NTO KGC GG RGLD NG ABX

[Runner]

This chart is why I'm bullish on GOLD. I'm never concerned with a pattern setting up exactly like the textbook, but the character I believe is in place.

[skiracer]

It seems that all of them have just completed cups bases. I haven't bought any gold stocks lately but I have been watching 4 on your list, GRS, GOLD, FCX, and KGC. I love FCX. Low priced an easy to load up on a big position. I remember NBB talking about gold going up real high, $3000 or so, an I was thinking to myself that I would settle for $60 at the time. Now I can see it going to $80/90 range by the end of the year if things sour anymore economically or geo-politically an as I said earlier silver is where the biggest gains could be made. Plenty of upside there an the use of it in so many different industries now is really making an increasing demand for it. It's just not jewelry anymore.

[Runner]

NXG-Neckline around 3.89. Target for pattern will be 5.21.

FCX-Neckline around 59.63. Target 72.54

NTO- Neckline around 5.10 with target 6.60

GG- Neckline around 31.73 with target 39.00

ABX-Neckine around 30.94 with target 35.11

[skiracer]

I've mentioned NJR on a couple of other occassions an am bringing it up again because it it getting near the area where it usually splilts 2 for 1 or 3 for 2. I've been accumulating this stock for a considerable number of years in our retirement portfolio. I own it through a stock reinvestment plan with the company where all the dividends get turned back into shares. Along with the fact that the stock normally splits every 2/3 years when it gets up around $49/50 has made me a ton of money (shares of stock). I only buy it when it splits and then I load up on as much as I can scrap together and get my wife to part with from her private stash. I'm only mentioning this because it has been the most steady and sure investment I have ever made an it has made me wealthy in a sense that we own a truckload of the stock from dividends and stock splits over the past 30 years or so. Over the past few weeks it has been trending up very nicely an is going to split again soon. Anyone looking for a rock solid value and growth stock to accumulate over the years should look at this stock. Here are a few of the particulars:

[url=http://imageshack.us][IMG][url=http://imageshack.us]



Here's another nice little stock that is worth taking a look at. I have been in an out of it a couple of times over the past two months. It has some great new products in the pipeline and has been on a roll. I usually don't buy to many to hold over the long term but I like this one and have stashed some shares away looking for the $15/20 range by the end of this year. They report earnings again sometime this coming August an are expecting a record eps report. Bovie Medical Corp. BVX. Here's the weekly chart on it.

[mrmarket]

NJR...interesting..

[skiracer]

NJR...interesting..

Ernie,
It has been my best investment position over the years. I started out about 30 years ago buying it an just accumulating. It has split every 2/3 years like clockwork an I turn all the divys into stock. I buy for no commission it doesn't cost me anything to reinvest the divy's. Also the largest landowner in NJ. It usually splits when it gets this high. Last time it split 2/1 and went to $25 an I loaded up. I just doubled my money in 2 1/2 years an am going to double my shares very soon which will double again in 2/3 years. These next doubles are going to put me over the top. If I double every 3 years for the next 12 years we will have accumulated alot of money in shares of course. I'm glad you find it interesting. I should have know you would. Ed

[skiracer]

I sold HSOA last week for a very small gain. Was up over 1.20 points but gave most back over the week. Still like the stock no matter what Stocklemon.com says. Heavy institutional buying of late and they report earnings sometime before Aug. 15th. I also like what has been happening with the weekly chart. At $5.62 today I was a buyer. Back in and looking for $7.50/8 range over the next two weeks. Been calling the home office to get a specific date on the report but no cigar other than they have to report before Aug. 15th. Here's my take on the weekly chart.
My mistake on that statement about the closing price being above the opening price. Actually it closed .05 off the opening price of $5.70. Sorry.

[skiracer]

I've mentioned NJR on a couple of other occassions an am bringing it up again because it it getting near the area where it usually splilts 2 for 1 or 3 for 2. I've been accumulating this stock for a considerable number of years in our retirement portfolio. I own it through a stock reinvestment plan with the company where all the dividends get turned back into shares. Along with the fact that the stock normally splits every 2/3 years when it gets up around $49/50 has made me a ton of money (shares of stock). I only buy it when it splits and then I load up on as much as I can scrap together and get my wife to part with from her private stash. I'm only mentioning this because it has been the most steady and sure investment I have ever made an it has made me wealthy in a sense that we own a truckload of the stock from dividends and stock splits over the past 30 years or so. Over the past few weeks it has been trending up very nicely an is going to split again soon. Anyone looking for a rock solid value and growth stock to accumulate over the years should look at this stock. Here are a few of the particulars:

[url=http://imageshack.us][IMG][url=http://imageshack.us]



Here's another nice little stock that is worth taking a look at. I have been in an out of it a couple of times over the past two months. It has some great new products in the pipeline and has been on a roll. I usually don't buy to many to hold over the long term but I like this one and have stashed some shares away looking for the $15/20 range by the end of this year. They report earnings again sometime this coming August an are expecting a record eps report. Bovie Medical Corp. BVX. Here's the weekly chart on it.

Three positions that I currently own. I've owned NJR forever an it has done very well by me over the past 30 years. Anyway it is in a strong sector right now, natural gas, and this little baby was up over 1 point today to $51+. It will be splitting soon, like it does every couple years like clockwork once it runs back up from the last split, an I'll be loading back up again near the low $20's. Another double in the last couple of years not including the DRIP over the same period. Just a forewarning to be on the lookout as it is getting ready to cycle through this again soon. This stock should be in everyone's retirement portfolio along with their DRIP plan.

BVX: another one I have bought several times over the last 3/4 months an am holding looking for $20. Medical devices with a number of good products in the pipeline. Last weeks pick in the POTW and did well by me. Maybe I should have stuck with it again this week but up nice today. Received FDA clearance on it's new "in- a- flash" suture removal device. In at $7.50 range and holding for $20 with this one.

My pick this week in the POTW. This is a basic swing trade an am looking for $12/13 range over the next few days coming up to earnings report coming out on Aug. 8. In from around where I got it in the POTW. Broadband communications throughout the southeast region. A decent player with a complete product package. Starting to look decent fundamentally with institutions starting to notice it. Both the daily and weekly look good. I think this one is getting ready to make a move going into earnings. I'm out before earnings one way or another.