Stock picks for tomorrow...

[milwaukee mike]

CSR - rapidly growing company, trading at $4.80, preannounced they would make around $1.15/share this year. find me another growing company trading at 4 times earnings and I'll buy that one too!

JRN - paying off all their debt and cutting costs, trading at $3.99, earnings estimates for this year are .53/share (p/e of 7) and they are probably on the low side. Last time this stock traded below $4 it was for 2 trading days and shot right back up to the 5s which I expect again.


DON'T CRY OVER THE STOCK MARKET BEING DOWN, REJOICE AND MAKE SOME GODDAMM MONEY OFF IT!

[OverUnder]

DON'T CRY OVER THE STOCK MARKET BEING DOWN, REJOICE AND MAKE SOME GODDAMM MONEY OFF IT!

Sharpest post I have ever seen on this forum. Are you a trader?

[JEK]

The market is in a downtrend. Trade with the trend, don't fight it.

[Chi_archie]

good info

[tltaylor89]

Dndn two words sucessful cancer drug,

[OverUnder]

Variable Annuities 6% guaranteed every year, and of course the normal growth of the market are the only way to go if you have some capital. PM me

[milwaukee mike]

yes i'm a trader but not a "professional" one, which pretty much just means they are trading with OTHER people's money lol


be careful about how "guaranteed" that 6% is, in my opinion nothing in this world can be guaranteed by anyone - especially with all the fraud in our financial system

[RageWizard]

CSR doesn't look that bad, I would wait until it gets above $5, or above the 25DMA. The stochastics on the 3 month daily chart, and the 6 month weekly chart are at or near the bottom, and the selling volume is diminishing slightly. So if this stock climbs above $5.00, and starts giving cycles of higher lows on the daily 15 minute chart, I would be a buyer.

JRN has to get above yesterday's candle stick ($4.45) for me to consider, but it too has the stochastics on the bottom for the 30 day and 6 month charts. It is right at support right now, but it may break support and head lower from here. You can buy it, but have a tight stop if it breaks support. I would probably wait until it gets above yesterday's candle stick. Another negative is that the selling volume is increasing over the last couple of days.

[capitalist pig]

Variable Annuities 6% guaranteed every year, and of course the normal growth of the market are the only way to go if you have some capital. PM me

They are okay as long as you dont ever need the capital, if you need it before the distribution age you are screwed with fees and taxes. JMO.

later

[milwaukee mike]

good comments rage wizard

we are 2 different types of traders, proves there is more than one way to skin a cat.

i for the most part swing trade value stocks like csr/jrn, rather than put in a stop i'm only buying things i'm willing to hold and sell covered calls (for example buy csr at 4.75/sell at 5, if it dips to 4.40 then sell aug/sep 5 calls for .30-.50)

this has worked quite well for me over the last 15 years while almost every other trader/investor i know is doing much worse over the last 10 years than just sticking it in 3-5% cds.

best of luck to you

[tltaylor89]

Seeing some weak shorts getting shook out early here.

[milwaukee mike]

quite true, the dow (up 30 as i type) could shoot up or down 100 points in a heartbeat here...

[milwaukee mike]

taylor, hope you're not holding dndn tonight

57 two months ago down to 27 after hours

[tltaylor89]

taylor, hope you're not holding dndn tonight

57 two months ago down to 27 after hours

Ha you should have been around the day a friend of mines knocked Dndn down to $8 from like $30 and called it at the open .When Dndn reported the Fda had approved testing for the prostate cancer drug.He called the desk and I looked at the screen and say all the stops that were triggering made millions that day.