CJ's Picks and Trading Room

[skydivers01]

Stay away from metals and stocks for now thats my opinion (watch for the Chinese to unload that position of theirs)

[Musky Guy]

Abreak above the resistance that we closed at yesterday would signal a run to atleast the 29ish area.....ON STRONG WATCH

[beach_trades]

Hi-Ho Silver Away!?

http://stockcharts.com/freecharts/gallery.html?slv

Break 30 could be a lotto

SLV likes to move after GLD does

What are your thoughts

[Musky Guy]

Hey CJ!! Nice Board! Boardmarked Ya!!

[beach_trades]

PURE-The little engine that could?

http://stockcharts.com/freecharts/gallery.html?pure

Love the risk reward on pure always--Ill be paiteint to turn 40 as long as dont break 30

[beach_trades]

Hello Kip :)

an old board I started---I dont think many would play be my rule :) save a few good traders

no alerts, no watch just the truth and facts and not looking for quantity of post but for quality--No ego also :)

Looking at edap redf live(always as facebook week) crmd

best
cj

[Kipperdo]

VMRL, after hours tuesday, may 15
The next earnings announcement is expected on 05/15/2012.

[Kipperdo]

hi cj, nice board here!
still holding vrml, ibio, pure and nuro
anything else you are looking at?
cheers,
kip

[TAonly]

Thanks CJ. Will watch it and buy on dips also.

TA

[beach_trades]

Holding GNOM---will add if weakness

I like the sector and where stock is now--SQNM has been on tear

GNOM needs to break that 3 mark

[TAonly]

GNOM CJ, are you still holding this stock? I have been looking at all the big insider buys and the rejection bid of 2.5 billion from GlaxoSmithCline. Was wondering also what you thought their fins would look like tommorow when they come out? I know you have followed this stock so I would appreciate your opinion.

TA

[beach_trades]

Good man SF---One day when we have time will go over options on goodefellas---different form of buy and hold

like pennies but more addicting and cracksih lol


HGSI Apr 21 '12 $7 Call 3 7.25 2,175.00---from 3 at .90

lots of times they goto to zero---i have had plenty---itsa great way to hold plays like these---as I type probably a better way to hold gnom

[$tockfather]

HGSI- D'oh!

Human Genome Sciences Inc. (HGSI) received an unsolicited takeover bid worth $2.58 billion in cash from GlaxoSmithKline PLC (GSK), an offer the biotech company said doesn't reflect its inherent value.

The board has authorized a review of strategic options, including, but not limited to, a potential sale of the company and invited Glaxo to participate in the process.

The drug companies already have a close relationship, which may make if difficult for other suitors to pursue a takeover. The companies split profits form Benlysta, a lupus drug, and are co-developing two other compounds: darapladib, for the treatment of heart disease and albiglutide, for diabetes. Both are in late-stage testing.

The offer, worth $13 a share, marks an 81% premium over Wednesday's close. Shares surged 95% to $14 premarket, topping the offer price and suggesting shareholders are expecting more.

Analysts have long speculated about a possible tie-up between the companies, but Human Genome's sinking stock price last year was thought to be a deterrent as many industry watchers still consider it a rising star that would command a hefty premium. The stock is off 74% in the past year.

Human Genome has requested additional information from Glaxo about investigational products in Glaxo's clinical pipeline to which it has rights, including darapladib and albiglutide.

It has retained Goldman Sachs & Co. and Credit Suisse Securities LLC to assist in its review.

[skydivers01]

Going good just getting things in order... Trades are minimal at the moment.

Enjoy yourselves your not missing much right now. Visit an ole English pub for me :)

Cheers

[$tockfather]

That has been me the last few weeks, SPEED TRADER.lol

Enjoying the last few days of it before the fun comes to an end:(

[beach_trades]

http://www.huffingtonpost.com/2012/04/18/mark-gorton-high-frequency-trading_n_1429935.html?ref=business

:)

[$tockfather]

Just marked the board buddy #9

A nice quiet place to chat!

Have a great day my friend

[beach_trades]

Id rather just trade for myself :)

Anything needs to be set up?

[auroradude]

Lot's to learn about it - kinda like being an AD but with stockholders.

Have ya done any looking into it as of yet?

[beach_trades]

How you been sky! Any trades going on

[beach_trades]

Always looking for guidance

prop trading firm?

please advise

[auroradude]

Have you done some investigation into this?

[beach_trades]

Talk to me about this AD.

In 2 years I am going to attempt complete vocational switch

[beach_trades]

how you been bud!

[phrantic]

Yeah, I see that shrugging off and don't buy it. Remember, our economy is as bad as Europes if not worse. The focus now is Europe (makes US look attractive), but we are hanging by a thread.

[beach_trades]

What will bring down markets?

Seems like everything is being shrugged off

[phrantic]

It does. Question is, will it hold?

[beach_trades]

Looks like S&P headed back to 1100

Probably going to grab SDS

http://www.finviz.com/futures_charts.ashx?t=ES&p=d1

[skydivers01]

964,229.44

Lost 10 grand waiting for trades to sell but I will take 64,229.44 profit in two days. Now we wait for the dip off of 1200 and rinse and repeat. At least until Germany gets on board and we shoot through 1200 quickly.


Cheers

[beach_trades]

Let us Know your next Trade!

[skydivers01]

Will be peeling out some as we get closer to 1200 SP Not bad gain for a couple days :)


AMZN Amazon.com Inc $228.35 -0.65% 1,044 $230,546.52 $238,397.40 $7,850.88 (+3.41%) Trade
BAC Bank of America Corp $6.75 +2.27% 16,000 $100,016.00 $108,000.00 $7,984.00 (+7.98%) Trade
HAS Hasbro Inc $35.46 +1.08% 5,700 $196,308.00 $202,122.00 $5,814.00 (+2.96%) Trade
SSO ProShares Ultra S&P 500 $41.52 +3.54% 6,082 $231,237.64 $252,524.64 $21,287.00 (+9.21%) Trade
WTW Weight Watchers International Inc $58.07 +1.90% 3,050 $165,889.50 $177,113.50 $11,224.00 (+6.77%) Trade
$978,157.54

[beach_trades]

Should Be a Millionaire!

Look at SMBL

[beach_trades]

SMBL Breaking

[skydivers01]

Now this is how you make money :)




Stocks & ETFs
Last Price Change % Shares Held Cost Basis Current Value Unrealized Gain/Loss
AMZN Amazon.com Inc $227.07 +1.55% 1,044 $230,546.52 $237,061.08 $6,514.56 (+2.83%) Trade
BAC Bank of America Corp $6.44 +1.98% 16,000 $100,016.00 $102,960.00 $2,944.00 (+2.94%) Trade
HAS Hasbro Inc $34.87 +1.22% 5,700 $196,308.00 $198,759.00 $2,451.00 (+1.25%) Trade
SSO ProShares Ultra S&P 500 $39.22 +2.70% 6,082 $231,237.64 $238,536.04 $7,298.40 (+3.16%) Trade
WTW Weight Watchers International Inc $56.76 +2.94% 3,050 $165,889.50 $173,118.00 $7,228.50 (+4.36%) Trade
$950,434.12

[phrantic]

Very nice. Hedging with puts is the way to go.

[skydivers01]

I loaded the boat this morning. I have puts in place so I dont get screwed by a complete collapse



Last Price Change % Shares Held Cost Basis Current Value Unrealized Gain/Loss
AMZN Amazon.com Inc $220.35 -1.29% 1,044 $230,546.52 $230,045.40 -$501.12 (-0.22%) Trade
BAC Bank of America Corp $6.29 +3.78% 16,000 $100,016.00 $100,624.00 $608.00 (+0.61%) Trade
HAS Hasbro Inc $34.38 +0.50% 5,700 $196,308.00 $195,966.00 -$342.00 (-0.17%) Trade
SSO ProShares Ultra S&P 500 $38.29 +1.18% 6,082 $231,237.64 $232,861.53 $1,623.89 (+0.70%) Trade
WTW Weight Watchers International Inc $54.38 +0.33% 3,050 $165,889.50 $165,859.00 -$30.50 (-0.02%) Trade
$925,355.93 --

[phrantic]

I don't trust this market, but I'm watching.

[beach_trades]

You think we should nibble?

Broke resistance, some early volume

[phrantic]

6-Month Daily SMBL:

Pattern: Failed Cup & Handle
Near Term Resistance: $5/$5.10
Near Term Support: $4.68
Measured Move: $3.62 (from late July)
Measured Move: $3.48 (from mid May)
Overall: Bearish

Volume/price as a core indicator demonstrates no "market" support for price as seen in declining volume as price expands (orange); today is telling in that volume generously exceeds prior days' volume and price closed down; StochRSI shows growing negative sentiment; CMF demonstrates growing sell pressure; 5MA has developed a fairly sharp-angled downward arc delineating downward pressure; short-term descending resistance (purple) displays a much stronger angle than the ascending trendline (green)which also denotes bearish movement; ADX/DI display -DI over +DI (bearish) with ADX resting at 10.21 suggesting a strong move possibly coming; watch for angle changes on all 3.

Frankly, the market being what it is, I feel fundamentals will have little to no influence on direction. Bear markets generally have a 3-leg down pattern (S&P) and the market appears to be in leg 1 presently, so any long position should be hedged heavily with puts IMO.

[beach_trades]

Can we get a Chart

TIA CJ

[phrantic]

I just added SMBL to iHub's boards, left the mod position open, so am hoping you'll step in and run it. That is one to keep an eye on, for sure.

[beach_trades]

Big Brother Watching

Amazing

[phrantic]

CJ, you got me blocked from responding on PMs.

[phrantic]

You just might be right about that.

[beach_trades]

And Close Greem my friend

Perhaps our tech bull is on

SIMG AXTI AMKR and all

[phrantic]

Good morning. It's looking like the market's going to open down.

[beach_trades]

Look at AMKR SIMG March 2012

very early and very cheap

[phrantic]

Funny you should mention that. I've been looking at TWM, but... until Bernanke speaks we won't know how the market will react. There is a large segment of the market expecting him to say QE 3, also a large segment that says no, not happening. The fact I see gold heading back up and equities tanking suggests the majority believe no QE 3 is coming. Very volatile with no discernible direction.... yet. I'm also watching XLF, GLD, and CRM. CRM could make a very strong move. Have you looked at any of those? Any thoughts?

[beach_trades]

http://finance.yahoo.com/echarts?s=TNA+Interactive#symbol=TNA;range=1y

Perhaps we should play this if a bounce?

[sarshee]

Thanks, I've been there for the past several years. I believe it's a very solid pick with a lot to offer. imo

browndawg