Blain’s Nightly Stock Picks, April 30 2008
Today the FED cut interest rates by a quarter point which could very well be the final cut. After the 2:15 PM announcement the market traded down on higher volume to finish the day in the red.
On the tech front Google (GOOG) ran up 3% on heavy institutional volume. Also, Netlogic Microsystems (NETL) gapped up [...]
Weekly Market Commentary, April 29th 2008
                One of life’s never ending debates concerns what makes people who they are. As each individual has a different genetic background and an infinite number of unique life experiences, pinpointing what causes people to act as they do is difficult. To simplify, many have focused on two distinct events – nature versus nurture. Those [...]
Tech Stocks On The Run
Heading into the last hour of trade many large tech stocks can easily be highlighted. Below you find Google (GOOG), Baidu.com (BIDU), and Research in Motion (RIMM) all posting nice gains today and breaking into key higher ground.
Biadu.com (BIDU) Stock chart.
Google (GOOG) Stock Chart.
Research in Motion (RIMM) Stock chart.
Heading into the last hour the losers [...]
Shorting V
I am taking a short position in V at $77.00. My stop is right above the high of the day.
Original post here: Brett Goldstein
Blain’s Nightly Stock Picks, April 28 2008
The market overall had a pretty light day today ending nearly unchanged across the board.
Chinese internet giant Sohu.com (SOHU) jumped over 10% to a record high close after reporting stellar earnings and raising guidance, and Ford (F) today surged back over $8 on news that Kerkorian is taking interest in the struggling motor company.
After hours [...]
USO Stock Chart (Short Oil?? Call me crazy)
As we all know, oil has been on a monster run. Looking at this chart, I see a great opportunity to make money on a short position once this stock reaches $100. According to the chart, if this stock reaches $100, we should see a correction worth a few points or so. [...]
Throwing out the Chart on AMZN
I like AMZN at these levels. I think the stock got sold off after earnings that were really good. I like the AMZN play going into the second half of the year. With gas prices expected to reach $4-$5/gallon, I think a lot more people will think twice about going to the malls 10 [...]
Walters Industries
Per Yahoo: Walter Industries, Inc., together with its subsidiaries, provides a line of products and services, including coal and natural gas, furnace and foundry coke, slag fiber, mortgage financing, and home construction worldwide.  They announce earnings on May 1.  This stock chart is unbelivable for this market. It has been in an uptrend for [...]
Mastercard Again
Just a quick reminder that Mastercard, one of my personal favorites, reports earnings on Monday April 28.
Original post here: Steve Abraham
D R Horton
Yeah, I said it. DHI reports earnings on May 6. They will probably be dismal. Technically, the stock doesn’t look bad. The stock may have bottomed and is now forming an ascending triangle. Supposedly, DHI is a well managed home builder who has the financial strength to manage thru the depression in the housing market. [...]
EMC
The beaten-down-tech-stocks-that-might-be-recovering theme continues with EMC. The stock has been halved recently. Yes, they are subject to a slowing economy but that isn’t going to last forever. I think the stock is attractive at these levels. The company is a leader in its field and continues to make money. It also holds a large [...]
Broadcom
BRCD is a long time tech company that has recently gotten crushed, plain and simple. The stock was riding high last year when it reported poor numbers and then it was game over. Well, looks like Broadcom isn’t dead yet. The stock has broken out of a 6 month downtrend. The uptrend is strong based upon the ADX [...]
Covance
Yahoo Profile of CVD: Covance, Inc., a drug development services company, provides early-stage and late-stage product development services primarily to the pharmaceutical, biotechnology, and medical device industries worldwide. This stock has been a big winner in the biotech area. Cramer gave it a buy signal several months ago before the market correction. Technically the [...]
RIMM
RIMM is a stock most people know.  They make the Blackberry devices that so many business types carry around. The stock was a stellar performer in 2007 however experienced a substantial correction this year in sympathy with the entire market. Looks like RIMM may stake claim along with Apple and Google as the resilient tech [...]
Cat Stock Chart
This chart looks fairly decent. After almost a year we are testing a new high. The chart is telling me that we are going higher. We may retrace down to $80 before heading back up. I am taking a small position now and reloading if we get to $80
Original post here: Brett Goldstein
Turning $5,000 into $400,000..UNREAL
I was contemplating it all day. To take options in Goog or not prior to earnings. I ended up playing the safe side and taking no risk at all. I am kicking myself now. If you were on margin with $5,000, you would have $10,000 in buying power. If you would have thrown it [...]
Resistance Broken!
Today was a good day in the market. As you can see from the chart, we finally broke a 4 month resistance. We have been having higher lows as well. This is a great thing today and hopefully we will continue the move up. Congrats to all who got into MELI. Up about 7pts [...]
Best looking chart seen in a while (MELI Stock Chart)
I think this chart looks gorgeous. The one thing that i dont like is that it closed around its resistance the past few days. The macd is looking great and the RSI. There is an obvious uptrend as well. I think this chart looks great. I have taken a position in it on Friday [...]
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