Raisng grandkids mostly...full custody of my daughter's 4 yahoo's..2 boys ages 12 & 8, 2 girls ages 4 and 18 months! Dave37308 UTube channel
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MG..I probably did get out too early..
I got 15 minutes to decide something.
MW..thanks..thinking of tomorrow now..feverishly looking and debating at the moment for buys..
U got ADL down..u got KRY down..FMTI and PUMA near 52 wk hi..CLHB may not be thru yet..etc. etc..just to mame a few..
and I'm figuring I may should hold RWNT for a gap in the morning..
decisions, decisions..
Out of CHLB and HYTT this mornnig with some
good gains..rolled that money into RWNT..it's skyrocketing!
:)
dd
Husky..meant to tell you I'm in
VRA @.25, been holding it forever seems like, finally am a dime ahead..got gambling money on HYTT at .06, and got some CHLB for the 3rd time Friday..all ready made a little on CHLB twice before but always backed up and hit my stop limit..hoping this time it's pedal to the metal>>>>>>
dd
Husky..yes, I've been watching Naz's ADL..hard..
I've made a tidy sum off some of his reco's thru the years..
but wished ADL would get it's volume up..
(I may very well go ahead and pick up a thousand today..
get an initial position going..)
Naz has one of the best batting averages around, IMO.
My watchlist today..
Sept. 15, 2003..
Have been doing a little momentum screener tweeking this week-end..
from my TA some big movers could be:
CLHB (own it)
HYTT (own it)
LASEE
RWNT
USGA
ESWW
XEDA
Have a good day!
Dave
Good Morning all..futures up a bit..eom
Trying some CLHB..breakout..eom
Trying some HYTT at 6¢..hit 2.52 some months back..eom
Hello J..here you are!..hey, Fire On The Mountain-
Marshall Tucker Band is one of my favs..
this instrumental is a little scratchy..
I wore it out..LOL..ah,our Southern girls sure know how have to have FUN!..
http://fp.minot.com/cobraydc/videos.htm
Nice to see you!
dd
"I Still Miss Someone"..
Country Music Legend Johnny Cash, Dies at the Age of 71
Friday September 12, 6:07 am ET
NASHVILLE, Tenn., Sept. 12 /PRNewswire/ -- Country music legend Johnny Cash died at Baptist Hospital at 2:00 A.M., CDT.
"Johnny died due to complications from diabetes, which resulted in respiratory failure," said Cash's manager, Lou Robin. "I hope that friends and fans of Johnny will pray for the Cash family to find comfort during this very difficult time."
The Cash family will announce funeral arrangements.
http://biz.yahoo.com/prnews/030912/nyf034_1.html
CrazyT..yesterday was good example..
all those fees really add up..
http://ragingbull.lycos.com/mboard/boards.cgi?board=TTOP&read=4861
dd/dave
CrazyT..Scottrade cost me a fair bundle so far this year..
(near 150 trades since April)..I recently swapped over to
http://www.freetrade.com/
a division of Ameritrade.
If you virtually never need a 'live' broker..
(why do they call them BROKEr?..LOL..)
then this is the place..
the price is right!
dave
Testing..
my new improved? (to be determined) 'penny' screener..
at close yesterday..
POZO-.43
USTT-.43
EZEN-.28
QTEK-.12
MDCH-.06
HYTT-.06
May pick up some LQMT today..
dd
Trying some DROOY..about 50% off of 52 week high of 4.72..eom
LxCimi..your DSLN looks pretty good..will watch..
So you like 10/18 cross?..never heard of that one..
guess one could use whatever he wants to..or has the best 'luck' with..I've been leaning towards 8/20 lately but my FNT looks pretty good with your chart and parameters..
you may want to watch it.
http://stockcharts.com/def/servlet/SC.web?c=fnt,uu[w,a]daclyiay[db][pb10!b18!f][vc60][iut!Ub14!La12....
dd
Starshine..Yes happy so far with HL..and may be wishing I had kept the GFI 15 OCT calls instead of selling recently for a double. In fact, I may get fresh EARLY start in the morning looking around for some more gold/silver bargains to buy..
I may even buy some SEPT 7.50 HL calls..that's IS cutting it close..I know..hey..but I'm a gambler.
I basically think ~gold/precious metals~ are just getting started while the others are about to run out of gas. IMO.
http://stockcharts.com/gallery?$GPX
QQQ's tank the rest of this week..IMO.
My FNT up 12% today..looking for it to breakout..
Had EXTI pegged last nite to rip today..
screwed around and didn't even put in order though.
Had to work today.
that's all right though..off next 3..I'll find something.
See you around.
good luck.
dd
EYE..not to mention futures are down already..
of course still a ways until morning.
http://money.cnn.com/markets/morning_call/
dd
Bush speaks tonite..right?..
I heard or read somewhere that his speech tonight might give impression like we're going to be in for another Vietnam type war over in Iraq..no matter how much he smooths it over.
If so, I bet myself that markets tank tomorrow..
& gold goes up.
Now what did I do with my list of gold stock companies?..
:)
dd
Lonestar..the 'ol 13/50, eh?..hmm..no ceiling on stoh or RSI or anything else required?..what price range you like?..
well anyways..here's a few that had a 13/50 cross (from below)this past FRIDAY..
might be something in here you like..
ADZR - Adzone Research Inc 0.10
QTEK - Quintek Technologie 0.15
NSCT - National Scientific 0.21
QMCI - Quotemedia Inc 0.34
GREN - AgroCan Corp 0.35
BIOM - Biomira Inc. 1.54
WFHC - Women First HealthC 1.58
FLOW - Flow International 1.67
TFSM - 24/7 Media, Inc. 1.80
TMTA - Transmeta Corp 1.80
NERX - NeoRx Corporation 3.01
MDRX - Allscripts, Inc. 4.20
TIWI - Telesystem Internat 4.69
dave
Lonestar..well girl..(I assume you're a girl/woman with the boot logo and all..LOL)..I think I've met my match..
one who, like me, thinks about, DD's, hunts for stocks,
24/7 damn near it..
I'm going to be watching you!..sounds like you're into it big-time!..
So what's you're number uno pick to buy for this coming week?..
I haven't found any really jumping out at me..yet!..
Of course, the day is still young..
regards,
dd/dave/david/or "Hey, you little red-headed TN Hillbilly!"
LOL
NazT..Big Gold conference coming Monday and Tuesday..
http://www.iiconf.com/Conference_NewYork2003.aspx
just FYI..
Thanks for your replies.
dd
NazT..your take on this article please..
September 4th, 2003 9:00pm ET
Back in my August 19th commentary, available in the archives, I presented the
track record of every short signal generated by the Institutional Money Flow
(IMF) model since 1997. For those unfamiliar with the IMF, it's a long-term
market timing strategy based on the positions of institutional investors in
S&P500 futures. When institutions are long, the IMF is in a buy mode and will
remain so until institutions go short, at which point the IMF switches into a
sell mode. This simple but effective strategy has an enviable track record at
forecasting the long-term trend of the stock market. It went short just prior
to the 1987 crash, covered and went long soon thereafter and stayed long
throughout most of the 90's. More recently, it went short again at the market
top in May of 2000, covered the short in March of 2003 and went long. In other
words, it's caught virtually every major move up and down in the market over
the past two decades, a record of performance that cannot be ignored. The most
recent signal was a short in late June of this year at SPX 976. In each of the
21 prior short signals generated by the IMF since 1997, the S&P500 has never
moved more than 9% against the spot at which institutions initially
established their short positions (in other words, the maximum drawdown never
exceeded 9%). In at least half of the prior short signals, the S&P moved
against the IMF signal by at least 3%, meaning it's not unusual to see the
market continue moving higher despite the sell signal. What is highly unusual,
however, and in fact has never happened in the history of prior short signals,
is a 10% drawdown. That's a key point to keep in mind, because the S&P is up
approximately 5% since the June 27th short signal. That suggests the market is
running out of room on the upside. This chart, which I showed last month,
illustrates the potential 'drawdown zone' for the current short, and shows
where the S&P shouldn't trade - SPX 1075. The reason is that level represents
a 10% drawdown from the late June short, and history tells us the S&P won't
trade above that level before this short signal is closed out. Based on the
massive amount of contracts institutions are holding short (currently over
60,000 S&P futures contracts), it'll probably be sometime next year before the
short is covered, most likely coinciding with a significant decline in the
market. That means investors with a longer-term horizon should be viewing the
current rally as a rally to short into, rather than worrying about when or
whether they should jump in on the long side. The 'line in the sand' is SPX
1075. If the S&P trades above that level, we're in uncharted territory as far
as prior IMF short signals are concerned, and there's no telling how high
it'll go. But odds are good we won't see the S&P make it that high, and that
means the area between SPX 1025-1050 should be viewed as a longer-term sell
zone with a 1075 stop. In so doing, you're risking somewhere in the 3-5% range
for a long-term trade that could generate returns five to ten times that
amount. I say that only because the last time institutions were this heavily
short was in May of 2000, and by the time the shorts were covered, the S&P had
fallen over 35%. That makes even a 5% risk seem fairly attractive.
When the IMF short was originally triggered back in late June, I was less than
enthusiastic about it, and discussed in a number of columns the fact that one
key long-term indicator was not only not backing up the IMF short signal, but
was actually implying further upside lay in store. That indicator was the
Specialist Short Ratio. The following quote is from my July 15th column...
"Until we see [the specialist short ratio] move above 35% (back to more
typical levels), the market will most likely hold above SPX 975 as specialists
remain heavily long while the public remains heavily short. Institutional
investors in S&P futures are also heavily short, which is a longer-term
bearish sign, but we need to keep in mind that the Institutional Money Flow
models can be early. We have historical charts of the IMF going back over a
decade in the charting section of the website, and if you look back at the
relatively few times in which the IMF was short for a number of weeks, as is
the case now, you'll see the S&P has the potential to rally anywhere from 5-
10% before a selloff ultimately begins. The most glaring case was back in May
of 2000, when institutions went heavily short and continued to add to their
shorts while the S&P staged a three-month rally that took it up approximately
9%. Ultimately, it was a great sell signal that lasted nearly three years, but
you had to be extremely patient for the first six months. Currently the S&P is
up less than 3% since the latest IMF sell signal was triggered at the end of
June. To get a sustainable move to the downside, we need to see those short
positions on the NYSE change hands. Typically, the only way this happens is
via a sideways to up stock market (like we have now), which frustrates the
typical investor into covering shorts. We'll know this is occurring on a mass
scale when we see the Specialist Short Ratio make a move back over 35%, and
preferably back over 40%. The 40% level is significant, because we've never
seen a major drop in the stock market that wasn't preceded by a specialist
short ratio over 40%. With the current ratio standing at a very low 29.6%,
this indicator suggests the potential for a persistent short covering rally
that will last until short positions move from the weak hands to the strong. "
The Specialist Short Ratio (SSR) rose back over the 35% this past week, ending
the long two-month buy signal triggered by this indicator back on June 27th
when it initially fell below 35%. This implies that investors have indeed been
getting blown out of their short positions during this breakout into new
highs, which sets up the potential for a longer-term move to the downside once
a sufficient percentage of shorts held by the 'public' are covered. Currently
the SSR still stands at a relatively low 36%, and if you look at this long-
term chart going back a decade, you can see we're still closer to historic
lows than historic highs. As I discussed in Tuesday and Wednesday's column,
the myriad of bullish setups triggered recently suggests the market will
remain in a sideways to up pattern until options expiration later this month,
so it doesn't appear that there's any great rush to establish shorts. I
suspect that the persistent strength in the market will cause the Specialist
Short Ratio to continue moving higher in this period of time, as more and more
investors are squeezed out of their shorts. Ideally, the SSR will move above
the 40% level before the end of the month, and assuming the IMF remains in
bearish territory, it would set up what could be an ideal longer-term entry on
the short side.
astrikos.com
MSGI..I too think gold stocks may be where the action
is next few months..exderpt from article you may be interested in..
Unbelievable that the Commercials are now 532 tonnes net Short, an increase of 93 tonnes from Aug 26. The Non-Commercials are now 383 tonnes net Long and the Non-Reportables are 149 net Long. There is one hell of a battle brewing and all Goldbugs are betting that the Commercials lose big time and POG heads to +400
http://
www.cftc.gov/dea/options/deacmxlof.htm
With POG now within reach of 380, more of the Far Eastern and Mid Eastern buyers as well as their CBs are jumping aboard as Longs and is reflected in the increasing Non-Commercial net Long position. There are $2.5 trillion USD held in Forex Reserves globally, with $1.5 trillion USD held by the Asians led by China, Japan, and Taiwan. The Asian CBs hold less than 2% gold of their Forex as compared to 10 to 15% for the EU CBs. If 1% of the Asians Forex were converted to gold another 1230 tonnes would disappear as horde, adding further woe to the Western CB Commercials. Add to this the growing impacts of Muslim gold dinar and the increasing richer citizens of India along with great monsoons and it gets very frightening for the Shorts. No need to say more as the picture is very clear why POG +400 is a given and very soon.
NazTrader..sold my .gfijc Oct 15 calls today
for .50 (from .25). Cool! not bad for first ever option trade!
anyways..I put that profit money in on HL Oct 7.50 calls (.35)..
try it again! You think HL could fetch 7.50 within the next 6 weeks (42days)?..
dd
Trying some FNT at .31..eom
MW..re:MXT..on the contrary..
http://bankstocks.com/quote.html?id=833
no position..yet.
:)
dd
Anybody use Ameritrades FREETRADE?..
How is it?..
Dave
This years winners (so far)..
This Year's Winners
Symbol Company Name % Price Change YTD Market Capitalization Previous Day's Closing Price
INB Integrated BioPharma, Inc. 1,828.60 82.26 Mil 8.00
CACS Carrier Access Corporation 1,150.00 117.8 Mil 4.99
IPA Interpharm Holdings, Inc. 1,087.30 52.41 Mil 6.45
SCOX The SCO Group, Inc. 907.60 190.7 Mil 14.50
MOBE Mobility Electronics, Inc 886.80 176.6 Mil 7.61
OXGN OXiGENE, Inc. 823.80 137.9 Mil 9.97
ECPG Encore Capital Group, Inc. 810.90 74.5 Mil 10.01
ATSI ATS Medical, Inc. 775.60 87.97 Mil 3.74
QUIK QuickLogic Corporation 749.10 216.8 Mil 8.70
VRSO Verso Technologies, Inc. 740.40 419.5 Mil 4.08
SBAC SBA Communications Corp. 717.10 171.4 Mil 3.30
NTLI NTL Incorporated 712.90 2.033 Bil 40.59
SMSI Smith Micro Software, Inc. 704.30 60.28 Mil 3.37
IMM Immtech International, Inc. 691.30 155.8 Mil 17.38
MTLG Metrologic Instruments, Inc. 683.50 342 Mil 39.08
EVOL Evolving Systems, Inc. 656.80 119.2 Mil 8.84
MICC Millicom Int'l Cellular 648.30 650.8 Mil 39.83
ASKJ Ask Jeeves, Inc. 611.30 809.1 Mil 18.29
SONS Sonus Networks, Inc. 609.00 1.602 Bil 7.10
PMTI Palomar Medical Technologies, Inc. 597.10 101.8 Mil 7.22
BSML BriteSmile, Inc. 597.00 94.19 Mil 33.33
GENR Genaera Corporation 595.30 161.2 Mil 4.70
TRAD TradeStation Group, Inc. 591.00 405 Mil 9.98
LCAV LCA-Vision Inc. 575.40 165.4 Mil 15.51
WSTL Westell Technologies Inc. 567.50 534.5 Mil 8.11
FLML Flamel Technologies S.A.(ADR) 554.90 461.4 Mil 29.32
EPIC Epicor Software Corporation 548.80 356 Mil 7.51
NYNY Empire Resorts, Inc. 520.70 81.15 Mil 13.54
TASR TASER International, Inc. 512.40 70.13 Mil 23.29
NENG Network Engines, Inc. 510.00 208.9 Mil 5.95
FARO FARO Technologies, Inc. 508.50 137.4 Mil 11.65
MSS Measurement Specialties 499.50 155.5 Mil 12.70
COR Cortex Pharmaceuticals 498.40 63.88 Mil 3.26
CARN Carrington Laboratories, Inc. 476.90 52.89 Mil 5.05
ANIK Anika Therapeutics, Inc. 450.50 54.28 Mil 5.40
NEXM NexMed, Inc. 442.30 130.1 Mil 3.48
IFLO I-Flow Corporation 432.70 132.3 Mil 8.54
MOGN MGI Pharma, Inc. 432.70 992.5 Mil 38.51
NIHD NII Holdings, Inc. 432.10 1.284 Bil 60.25
HILL Dot Hill Systems Corp. 431.60 539.1 Mil 15.85
NVEC NVE Corporation 429.70 161.4 Mil 31.00
TMR Meridian Resource Corp. 415.60 232.9 Mil 4.80
NTPA Netopia Inc. 414.40 139.3 Mil 6.31
TLCV TLC Vision Corporation 411.40 347 Mil 5.10
XMSR XM Satellite Radio Hold. 409.30 1.69 Bil 13.70
CELL Brightpoint, Inc. 408.50 322.5 Mil 27.35
SGMA SigmaTron International 406.00 60.61 Mil 20.09
BCRX BioCryst Pharmaceuticals, Inc. 404.20 85.5 Mil 4.72
DFC Delta Financial Corporation 396.40 88.7 Mil 5.60
OMCL Omnicell, Inc. 384.90 294.3 Mil 12.89
Page generated 8/31/2003 8:58 PM eastern time
nazTrader..about September..I have the bulk
of my 401K at work in this fund..you see any reason forthcoming that I should swap over to a guarenteed (low interest)
US securties type fund and ride out the whole month of September?..
http://www.marketwatch.com/tools/mutualfunds/overview.asp?siteid=yhoo&symb=PRNHX&sid=4181
TIA
dd
Lonestar..re:CLHB..I guess beauty is in the eye
of the beholder..LOL..
I should bought GREN and TGAL and RBAK and others too a day or two ago when I posted on another site.
http://www.allstocks.com/html/dave_s_superpicks.html
CLHB..ready for blast off?..
(I hope!)
http://stockcharts.com/def/servlet/SC.web?c=CLHB,uu[h,a]daclyyay[dc][pd20,2!h.02,.20][vc60][iLh14,3!...
Working tomorrow..you guys and gals have a good trading day!
dd
MW..picked up some CLHB around 1pm at 4.50..
(awesome chart, btw)
hope you did ok on one of my 'market moving' naps..
http://finance.yahoo.com/q?s=CLHB&d=c&k=c1&a=v&p=s&t=1d&l=on&z=m&q=l
DJ Hot Stocks To Watch: DANKY DRF CALM NOR
DANKA BUSINESS SYSTEMS (DANKY)
Moody's changed the company's rating outlook to
negative from stable.
Friday Close: $2.70
Net Change: Up 9 cents
% Change: 3.4%
Volume: 216,700 Shares
... ... ...
DAN RIVER INC. (DRF)
Cut 80 jobs and sees saving $4.3 million a year based
on the staff reductions.
Friday Close: $1.90
Net Change: Up 8 cents
% Change: 4.4%
Volume: 7,000 Shares
... ... ...
CAL-MAINE FOODS INC. (CALM)
A class action suit was filed against the company
regarding going-private transactions.
Friday Close: $7.24
Net Change: Up 6 cents
% Change: 0.8%
Volume: 32,200 Shares
... ... ...
NORTHWESTERN CORP. (NOR)
Received formal notification from the New York Stock
Exchange indicating that the company was below continued
listing criteria of a total market capitalization of not
less than $50 million over a 30 trading-day period and
stockholders' equity of not less than $50 million.
Friday Close: 85 cents
Net Change: Down 5 cents
% Change: 5.6%
Volume: 723,300 Shares
... ... ...
(END) Dow Jones Newswires
08-25-03 0725ET- - 07 25 AM EDT 08-25-03
Naz and Mw..thanks guys for the options tips!..
Thought I'd branch out a little..am doing fair on stock trading but I've noticed that if you get into the right options contracts you can make astronomical % gains..(those option guys on some simulated stock contests I played a few years ago would blow me away..
I'm not going to bet the farm anyways starting out..say get $200~$400 worth while learning..I'm a few thousand ahead for the year, so figure it'll be a good time to start (using profit money)..I have an AmeritradePlus account with some dusty MJXX and GDVI shares in it, so I will go over there and check out their option tutorial. I use Scottrade mostly..heck..they may have tutorial on options...haven't looked.
Well, thanks again!
dd
NazTrader..Bought my very first few 'options' contracts the other day (GFI gold company..I'm thinking it could be $15 by October expiration)
.GFIJC OCT 2003 15 CALLs for .25¢..
up 20% to .30 today..
hmm..
question: can you sell contracts at any time, much like a stock?..you have a newbie link to learn option's trading?
Thanks
dd