Choices, Choices...

[dmk112]

JLG is the best I think.

Sets up to buy it Monday at the pivot of 34.65. And on the weekly, it's in a 1 coming off a c long setup, so it's good for 5 waves.

The only thing I don't like about JLG is that upward drift, I think it may come down and test 32.5 again. IMO

[OmahaInvestor]

Ok guys another question, in every book I read it makes a big deal about insider ownership. Should you buy or not on that? Here's why..

TSAI- has less than 1% of insider ownership with 92.3% owned by Institutional investors can it go up?

JLG- has a 2% insider ownership thats not much better...

WSTC- By far has the highest percentage of insider owners at a staggering 66%... Shouldn't this factor into my choice?

GIL- has 16% ownership

My question is this If all the stock is owned by mutual funds how does the price continue to rise? Again guys I am new, just started investing with some of my money I made the last few summers because after this year I won't have to pay for college anymore.

[New-born baby]

Dumping Shares

I could be wrong, but I don't consider insider ownership all that much. Here's why:

1. Insiders can dump shares staggering amounts of shares, lowering the price. And then they simply issue staggering amounts of new share to pay themselves in shares the next quarter.

2. Sometimes insiders issue huge dividends--far more than justified by the health of the company--because they own a staggering amount of shares, and thus they get the money and the shares.

In other words, inside ownership is not always an indicator of a safe investment.

[OmahaInvestor]

Ok guys I think I narrowed it down to TSAI and JLG.....any objections? Any thoughts or should I think of some new ones?

[jiesen]

here's my 2 cents

of those two, TSAI looks to be the safer bet. JLG is flying a bit too high, for me to choose it over TSAI. Fundamentals for TSAI look great- consistent profit and reasonable P/E make it quite attractive.

FWIW, I still think GIL is better, but I'd trust your analysis over mine on this anyday, given the ~15 min I've put into it.

[New-born baby]

Monday's Update

Well, on Monday every stock stunk it up--except JLG, which was up .05. Of course, the Market stunk it up, too.

[spikefader]

Ok guys I think I narrowed it down to TSAI and JLG.....any objections? Any thoughts or should I think of some new ones?

further to the chart I posted, the entry set up 10 mins ago as charted here.

http://www.mrmarketishuge.com/showpost.php?p=26935&postcount=4354

and now there's a double bottom test, so this is a really good time to buy at 34.46, with 4% stop.

[New-born baby]

nice call

further to the chart I posted, the entry set up 10 mins ago as charted here.

http://www.mrmarketishuge.com/showpost.php?p=26935&postcount=4354

and now there's a double bottom test, so this is a really good time to buy at 34.46, with 4% stop.

Nice call! You found the bottom!

[spikefader]

Not yet it seems. I just took it long myself at 34.27 trying to anticipate the head. Great value down here. But only going to risk 1% on this entry - that's under the day of the channel turn up. If that fails, then the green light turns to red for me.

[alice4321us]

Jlg

Entered long at 34.25. What are short term estimated targets on this thing?
As always Spike NBB thnx for the great value you guys add here.

[spikefader]

OK, I took my 1% loss and I'm stalking it once again since there is the channel long right here. Hopefully a nice neckline break will present itself to me.

alice, short-term target is upper channel 37.50 and rising. And I don't know if you use stops, but -4% from your position is actually a good strategic position to have a stop. If it takes that out, you don't want to hold it. Because at that point, it's a bearish chart and could go to 29.50 quickly.

[New-born baby]

SOSA, et al

Man, the Greenman made it a brutal day on the Street, didn't he? And am I glad I bailed Sosa with a $1 loss.

Everything is getting hammered now.

[alice4321us]

JLB holding

Hi Spike
Thnx for the analysis. I think I will hold it until the 4% loss mark. And as you said bail out after that so I still have some time to get there. I thought JLG is reporting also in a couple of days!! Is there a chance of uplift there?

[spikefader]

Man, the Greenman made it a brutal day on the Street, didn't he? And am I glad I bailed Sosa with a $1 loss.

Everything is getting hammered now.

except the strong ones like SNAK

I'm switching to neutral tonight and closed my YM long for the tiny -3 loss. I can't watch it tonight and I'm hesitant about bullish prospects for the next few days.

[dmk112]

Man, the Greenman made it a brutal day on the Street, didn't he? And am I glad I bailed Sosa with a $1 loss.

Everything is getting hammered now.

I wouldn't mind picking up some SOSA around 11.50...but then again when this hurricane hits (if it hits) the gulf, all energy shares will run.