NO WAY would I short IMM.

Per your own chart there is a bullish divergence on both MACD and RSI.

I have been trading this one to the long side and it is heavily manipulated. When it reverses there is no chance for shorts to cover without a loss.

If you know the fundamentals, the thing could launch on news.

I don't often post charts on IMM so I'm going to be lazy and just post a link to the weekly:


http://custom.marketwatch.com/custom/ameritrade2/html-intchart-rt.asp?osymb=fxgp&symb=imm&ti...

You will see it has a history of very rapid rises and is due for LT reversal.

I am planning to buy on the dip Monday, am currently out.

This is a worthwhile LT hold.

Hope I've saved someone some money :)

Zeev, I've been trading BLTI but decided to go for a long term hold on the basis of yesterday's CC.

I like the .01 dividend every two months, think it's a great way to smoke out the shorts.

Has anyone heard of another stock doing this sort of thing?

I think it shows creative management that cares about stockholder value.

LYNX - interesting action that I do not understand.

I believe this is an excellent buying opportunity on this stock but I am trying to decipher the action. Have posted speculation on LYNX yahoo board and would appreciate comment.

http://messages.yahoo.com/?action=q&board=lynx

The last Studebaker was produced in '66.

Thanks Zeev, I have a very real mistrust of the government and I was wondering if there was any merit to the arguments. As I said, I don't dismiss anything out of hand without looking into it further and I knew you'd understand the engineering stuff.

I do, however, believe that we are not getting the whole truth on this and many other matters. I believe the relationship between the Saudis and the Bushes is thicker and more complicated than we know. I also believe the average american seriously underestimates how far some of our elected leaders would go to protect their power.

I'm not so sure the site should be laughed off completely...

Yes, it is extremist, but I don't find it impossible to entertain the idea that covert ops DID implode the WTC. Aren't there accusations now coming to light that Roosevelt knew Pearl Harbor was in danger but let the attack happen so the US would be pulled into the war? Wouldn't this be another verse of the same song?

The one thing that really bothered me is the point about the collapse of the second building happening first and the limitation of the debris field.

I admit, I do not know enough about engineering to make a credible judgement here.

I also think it is important to realize that people from other countries are reading things like this and the recent incidents in Iraq give them more credibility.

Personally, I feel that I have to consider the possibility that some of the things on this site ARE true. Why? Because I know for a fact that the government does lie to us, there are those in power that would exploit the people of this country in any way they could. I also don't trust Bush Sr. - I can't see how anyone could be involved with the CIA that long and keep their basic moral instincts intact.

So at the risk of getting stoned, I am not willing to dismiss this site as a total hoax or pure B.S. The most convincing lies have a basis in truth, you know.....

I found this link on another board and really don't know enough to evaluate it properly. I would appreciate some objective comment, as its conclusion is very scary:

http://serendipity.ptpi.net/wtc2.htm

I am using quote tracker with Ameritrade feed. Data is incorect if a stock has not traded this AM.

Ameritrade feed - quite a few last trades are coming up incorrect.

cme.com also down? Something odd going on.

While chart scanning this week I had noticed that the MRK chart may be bottoming out and getting ready for a rebound. Your post will make me watch it closer, thanks.

I maintian the watch list automatically - load the "best & worst" daily,weekly and six week list of bios & drugs, chemicals, and gas stocks to a database. I generate HTML pages of their collective charts to scan and pick out the ones I think are most interesting over the weekend.

I then generate target charts that are prioritized and load them to QuoteTracker portfolios by dumping the lists to formatted files. It was the QuoteTracker listings that made it easy to pull off the list of "extreme asks". My etrade software lists block buys clearly and that's what gave me last Friday's list.

In the last six months I've picked some nice bounce plays this way so I believe the years of chart studying are finally starting to pay off.

I noticed those extreme asks on a lot of stocks. I also have an interesting list of stocks that printed big block buys at 16:26-27 last Friday. All but two were up nicely Monday.

Here is a list of "extreme asks":

CHTR,SINA,AKAM,TIVO,CREE,CEPH,AMAT,JCOM,BPUR,GERN,TRMS,ADRX,XOMA,
SOHU,NTES,CHINA,BIIB,UNTD,ABGX,MLNM,WEBX,ICOS,NENG,SLAB,PRCS,LOOK,
WAVX,SNIC,DSGX,HELX,OVTI,CELG,HLTH,HGSI,XMSR,AZPN,CPHD,SIPX,SIRI,
INVN,CSCO,ADVP,ASML,TEVA,BBBY,GNSS,CRUS,DELL,NVLS,MXIM,PMTC,SNDK,
ZRAN

Here is a list of stocks where the ask was exactly 2000:

QGLY,SLXP,CATG,GBTS,EMIS,SMMX,EBIO,CENT,DYAX,CRGN,INFY,PATK,CMRG,
MICU,LCRY,TCLP,BLUD,PVTB,PPCO,ORPH,ALVR,,ALCD,TZIX,VMSI,MTXX,
CAFE,GORX,BREL,NRGN,PENX,TORM,FBNW,NZUM,LABS,MCCC,CKEC,ILXO,ONYX,
NADX,RSCR,PVLS,ORBK,COOP,EWST,FPIC,CNVR,SNTO,TRPS,BRID,ARTL,CLEC,
HAVS,RIGL,IMGC,KNDL,UTHR,MODT,GMRK,FORR,IBCA,EXFO,KNBWY,KIND,POLXF,
SBTV,CNAF,CHIC,IPAR,MTIX,ACAM,NVGN,ANPI,CHGO,CMLS,DKHR,CPTS,POOL,
CASA,ARRO,ATRI,CBRL,GCOR,ACDO,EXAC,IFLO,EDAP,ELMS,LNDC,MAXE,PHGN,
MEDS,MAXF,MEOH,MLAB,MAIN,NBSC,NASI,QDEL,POCI,STRZ,STAA

These are just the ones on my watch list, there may be others.

I'm not sure what these "smoke signals" mean either, but would love to hear someone explain these odd figures.

NASDAQ used to publish the short interest files for download in comma delimited format. The file gave short interest for all NASDAQ stocks. I have a system that lets me import those into a database and create HTML pages with the charts for comparison.

I also like to see volume as a ratio to average volume (quote tracker displays it this way) and I haven't found a service that quotes it this way.

There is so much available out there that sometimes it's hard to wade through it all, thanks.

Short interest - I just discovered that you can no longer download comma delimited data from the NASDAQ site. They are making it even harder to know what is going on here.

http://www.nasdaqtrader.com/trader/tradingdata/compindexsubscribe.stm

Any suggestions for a reasonably priced service that will let me download data in comma delimited format?

Zeev, are you doing your vitamin C and eccanacia? Zinc might also help. Did you come down with this because your wife wasn't there to take care of you :) ?

GERN secondary priced at $12.

Zeev, how do you project the action here with the secondary and earnings coming up soon?

I know I'll get stoned again for saying this - but that article contains a huge fallacy.

"Thus the big picture is a global decline in the purchasing power of paper currencies. Since gold can't be mined as fast as paper currencies are created, the ratio of real money--gold--to paper currencies spins up and off into the wild blue yonder. Ultimately, when holders of paper realize the swindle that they've been caught in, there'll be a panic to transfer their paper "wealth" to real money. That's when the panic for gold will begin."

This article is urging individuals to hold gold for long term. I beleive technology will dramatically change the way gold is mined and increase its availability within 20 years. At that time the value will plummet.

I believe that this is the reason that governments are liquidating reserves and the fear mongers advocating private ownership of gold are part of a pump and dump scheme.

No need to respond - but I believe that individuals need to consider this possibiliy before converting assets to bullion.

There is a Max pain calculator at this website:

http://www.iqauto.com/cgi-bin/pain.pl

REGN - so it seems the drug is safe and promising, they just have to bump up the dosage to get a reliable trial.

Did you notice the spin Reuters put on this? Amazing!

Please post a link for checking tick & trin. It's not printing on Quote Tracker for me and I couldn't find it on Lycos.

Thanks -
Paula

Time of blackouts NOT co-ordinated with market. Lots of fear mongering going on on the web.

http://news.bbc.co.uk/2/hi/uk_news/england/london/3189755.stm

Didn't I hear on TV that they told everyone in Detroit to take a 3 day weekend?

Might that not have something to do with it?

Please define RTTH and add to the thread header - thanks.

So did you cover the MLNM yet????

Ameritrade - Freedate or Xdatek? I use Freetrade and aside from some erroneous DTBP calls and software problems have no complaints. You can't beat the $1-$3 per trade price.

DATEK - software is prettier, but service is about the same.

Give me a '69 Charger anyday...

"Actually I was thinking more along the lines that it is just when a society achieves the maximum affluence for the maximum number of its citizens that the deterioration of the society from within begins. "

We have not achieved this, it is only an illusion. Maximum affluence is still in the control of a distinct minority. If that control is broken, the cycle of deterioration will not be realized.

Peace,
Paula

How can any historical info on market trends be valid?

With the advent of on-line trading and statistical analysis and charts readily available to those who do trade - the shell game is coming to an end, the rules have changed, and what was will never be again.

My advice would be to find a GOOD broker. Local real estate agents may have one to recommend.

Be careful about applying too many places. I got my FICO score, called other lenders and shopped rates to see if I could beat his quote and I couldn't.

Be sure to get a good faith on the closing costs as they could be more important than the rate. The internet company I contacted had closing costs that were more than double that of the broker's loan.

Smoke signals?

Several of the stocks I have been trading are showing small pre-market buys in an upward support range. The conspiracy theorist in me says these are MM smoke signals for a move up later today.

Anyone agree with this theory? Anyone else seeing smoke signals?

JB - did you cover your MLNM short??

General advice needed -

I am doing very well with the trading, but would like to cut down to 3 or 4 days a week so I can have a life.

Can anyone suggest specific criteria (futures levels, etc) or days of the week that trade weaker so I can pick my days off effectively?

Thanks,
Paula

You said "They also tell me that I can hook up all three of our computers to any phone jack (using their modems and routers) and operate as a home network, something I had been thinking about doing anyway. "

Just get an external router an use anyone's networking equipment to share the connection.

I have a wireless network in my office and I use that to brige to my house, so now I only pay for one internet connection.

Let me get this straight...

You are shorting a biotech with a cancer drug waiting in the wings? Then you're going to leave it for a week? And what if it triples???? I know that is unlikely, but it is possible.

Zeev, I think OMG is betting the farm on new auto technology. The key is in the 13% increase in PM and the tooling up of new tech for later in the year.

If it works they're good to go. Their business will increase dramatically. Wasn't this acquisition the whole reason for the big debt and the current situation?

Unless there is a dramatic economic downturn, I expect their bet to pay off. Even a continuation of the weak economy will not stop the new technology in the auto industry, it is a necessary development.

Zeev, I found your remarks on OMG to be confusing.

"Still a loss" - didn't they show a small profit? What does that mean?

I am not an accounting type, but do you take out an asset before it is sold? Orchid recently had the same situation and they listed it as "discontinued", but they did not take it out. It seems that a company that was circumspect enough to write down the cobalt in the first place would not get sloppy at this point.

"If markets turn south again, they may actually run into debt servicing problems." I don't understand this either - what does the price of the stock have to do with their ability to service debt? Does you mean metal markets? Auto catylists are increasing - this was the reason for the acquisition that got them in trouble in the first place - and that bet seems to be paying off.

I am wondering if there isn't a touch of sour grapes here because you missed the run on this one.

I stay in or out of a stock as the charts and the tape dictate. What I have seen to date is constant accumulation by the instys and a spike up in price every time they stick a big toe in. There is an ensuing drop as the specialist works the stock down a bit, but then every time the blocks come back the price spikes again. Yesterday the instys backed off, but they were buying every day before then. The stock was whipsawed but volume was not out of the ordinary, showing ownership has stabilized.

The only way I can see this going back to the 6's is a major economic downturn that puts EVERYTHING down 50% and halts progress on alternative energy development in the auto indusry.

The most striking thing I found on the chart is the fact that hedge funds and small investors are mirror images since 10/00.

It is so striking that the only explaination I can come up with is some new software went on the market that helps them short the market and hedge with perfection, exploiting the emotional ups and downs of joe6pk.

Oil will be obsolete in 20 years -

I've said it before and been ridiculed, but it will happen:

http://www.msnbc.com/news/904814.asp

I have lousy lungs, so I can't afford to get sick.

I would suggest the following:

Regular doses of Vitamin C, as much as your system will absorb (you will get the runs when you have too much, and some people are less tolerant to the acidic properties).

Eccanacia and zinc at the first sign of a "cold". This supports the immune system and makes it more difficult for the virus to get a hold. Some people also recommend garlic.

I know, I know - there are scientific reports that say this is bunk; but personal experience says it works. A bad cold could land me in the hospital, so this is what I have done for the last several years. My colds are less severe. I seriously doubt that the "placebo effect" could be that strong.