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Thanks. I've had to use it on myself many times.
1. Find that machine that Elmer Fudd used, I think it was Elmer. You know, the one with the rope and the big boot. Stand there and pull the rope 10 times while chanting, "I will never hold a losing penny stock long again. I will never hold a losing penny stock long again."
2. Now that you are down over 50%, figure out what 2% of your account balance is and that is your current sell point. If your account is worth $20,000, allow another $400 in losses and get out. Period. No looking back else you will turn into a pillar of salt. Always keep that 2% rule in mind. You can always buy back in, usually lower than where you sold, but you can never sell yesterday.
The most important thing you need to learn, and it is a very tough lesson I will learn someday, is to cut your losses short. A 50% loser requires a double to recoup, but a 10% loser only requires an 11% gainer to recoup.
3. The chart actually looks to have bottomed, so you may get some relief. I'd hold here and wait to see if it bounces.
Strictly a technical view. NO DD at all. I don't even know what SEVI's business is. Oh, that's right, they're a penny stock so their business is selling shares and collecting money.
BMC - Sweet down turn.
BIDU - Coming up on support. Watch for a break or a bounce.
ISRG - According to script and right on time.
NLST - Needs to break out.
NDOL - Keep an eye on it. Volume seems to be returning slowly.
OSIP getting hit hard.
CPB - Acquisition target?
LONDON (Dow Jones)--Premier Foods PLC (PFD.LN) confirmed Monday that it is in talks to buy the U.K. operations of Campbell Soup Co (CPB).
The U.K. food producer said in a statement that it is in "non-exclusive" discussions to acquire Campbell's U.K. and Ireland business. "There can be no assurance that these discussions will lead to a transaction," the company added.
Speculation has been rife that Premier was lining up a deal with Campbell since it said in May that it was evaluating acquisition opportunities.
U.S.-based Campbell said earlier this year that it was exploring options for its operations in the U.K. and Ireland - which includes the brands Homepride, Oxo and Batchelors.
Premier Foods already owns brands such as Branston, Ambrosia and Quorn and has a stated strategy of growing its branded foods division.
The news wasn't unexpected and by 1525 GMT Premier Foods' shares were flat at 311.5 pence in a slightly higher London market.
Shore Capital's Clive Black said he wasn't surprised, and that "the speculation has been around for months." He said the timing of the statement was a little puzzling, but probably down to legal or regulatory requirements.
Black added that it will be interesting to see if Premier now confirms its interest in buying the U.K. operations of United Biscuits - another long-rumored acquisition target.
Private equity-owned United Biscuits announced earlier Monday that it will sell its Spanish and Portuguese businesses to U.S. food giant Kraft (KFT).
United Biscuits' remaining operations - in the U.K. and Northern Europe - represent about 82% of the company's total revenue.
NBL retesting lod
No problem, I knew you were concerned.
Take a look at WSCE. I picked up a bit more this morning when support held.
NBLSI - NBL July 45 Puts
Trying to hold.
ISRG - Look out below. 114 now.
NBL heading down and gathering speed.
NBL - Creeping lower. At support now.
OTD - POS - Out
OII - Heading down
MRK trying to break out.
Oil down again today.
Oops - ticker should be OII eom
WOR - Earnings up, but was this rally too much given the one time .14 gain? I bet the gap will close ar partially close next week.
Worthington profit up 46%, shares jump nearly 7%
By Jim Jelter
Last Update: 10:25 AM ET Jun 29, 2006
SAN FRANCISCO (MarketWatch) -- Worthington Industries, Inc. (WOR) reported Thursday fourth-quarter net income of $59.4 million, or 67 cents a share, up 46% from $40.8 million, or 46 cents, a year ago. The quarter included a one-time gain of 14 cents a share from the sale of it's 50% stake in a joint venture in Mexico. Revenue for the three months ended May 31 totaled $822 million compared with $817 million a year ago. Analysts polled by Thomson First Call had expected the Columbus, Ohio-based steelmaker to post earnings of 40 cents a share. The surprisingly strong results lifted Worthington stock 6.9% to $19.88 a share in early trade.
Looks ready to be plucked. How long can oil hold above $75. A dip back to 70 and kerplop.
BMC
BMC
OIL - Will ir stay in the pink channel or return to the blue trend?
NFX - A lot of noise. Top?
NBL - Noble Energy is overcooked.
NSS Puts - Another potential channel play.
CMI Puts - Cummins bouncing off upper channel.
NSS - Another potential channel play.
CMI - Cummins bouncing off upper channel.
You were going to settle for just $50? Oh pshaw.
I'm still holding from 1.19. Timing is tough trying to pick a rally off the bottom and patience may be needed. Ethanol seems to have slowed down across the board, but I am disappointed that there was no follow through today. I really expected news today given yesterday's run. This has been a slow week and today was a rough day to pick for a rally.
If the reason you bought is no longer valid, sell. If you bought for a rally today and don't want to hold over the weekend, sell. You're in at 1.29, as I recall, so any loss will be minimal. I like the chart and will wait to see if news or a follow through is forthcoming on Monday. Of course, I'm green.
WSCE - Technical and business (Oil field flow meters and heavy oil upgrading).
WSCE - Technical and business (Oil field flow meters and heavy oil upgrading).
Ooh, missed that OPTV dip to $3.10, Had to be fast, though.
INTU 2:1 split today.
INTU - Ready to turn down?
ISRG having problems breaking out. Time for some Puts?
CTRX - Thanks serfdom, lady1242. You always provide terrific insight.
CTRX just keeps chugging. Can someone look at the fundies, please. May be a great turn around project.