Market Watch for the week 8/3/2009

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Originally Posted by dread

Hey people!! Congratulations first off on BEHL!! :)
I am happy to see everyone start making money on this one now.

SAN JUAN CAPISTRANO, CA--(Marketwire - August 3, 2009) - Biocentric
Energy Holdings, Inc. (PINKSHEETS: BEHL) today announced the company
is in serious negotiations of an exclusive licensing agreement for the
manufacture and use of Biocentric's Patent Pending Algae Pro Closed
loop Photobioreactor System in Asia.

I might have to get in now that things are starting to wake up!!

Anyway, I threw 1k at FRNTQ and doubled my money. Just dumb luck looking through the airline sector, after oil made a head fake last week, when the news broke on LUV bidding up the buy out. Now FRNTQ is at .30!! Piss me off!!! I should have held on longer!!!
Might play this with the house money up until 8/11 or just before. The chart looks like a damn staircase LOL!!!

SIRI- Good to see it finally move up again into the high .40's, good for the longs, hang in there guys!! :)

The BDI is heading down a little, seems that the shippers are stuck in the horse latitudes, with a few exceptions.

OK, back to sifting through the turds, see if I can't make some positives gains.

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Besides the BDI - keep an eye on the SHX - it actually has the shipping stocks we trade as the components of the index...

http://www.scripps.edu/~davess/siri4/SHX2.png

Here's an older list of the components..

http://www.hardassetsinvestor.com/in...sk=view&id=587

Anyway, you're right, they are a mismatch today - wobbling.

hey dr. dave nice find, im guessing thats kind of a big deal for behl to be there, hopefully we get some more big money coming in tomorrow :)

EXM closed at the top of the potential bull flag today...

This is the same pattern BEHL had, but the flag is straight - you either want to see straight or down with decreasing volume during its formation. If I was awake at the EOD, I may have bought it, but looking for a break. Maybe tomorrow. The Dow transports are still shooting up, CAT, which is a good indicator for construction is shooting to the moon.

http://www.scripps.edu/~davess/siri4/EXM2.png

DHT made its decision, but the volume sucked on its piercing of the upper trendline - not to good of a sign

http://www.scripps.edu/~davess/siri4/DHT2.png

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Originally Posted by ray

when you start taking lessons then quit it takes so much longer to get your ticket....I have only flown cubs ...some 172 and 150...little bonanza time but thats it ...cubs are rocking good fun...

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If I wasn't in the middle of renovating two apartment buildings...I'd still be flying and working toward my ticket.

I only have 4 months a year to do so (work schedule), and a CFI who only teaches on the weekends, so the window was incredibly small this year.

Don't forget SEA, you know me and those silly ETF's!!! :)

After I bailed out on SRS, I got a nice thick booklet on ETF's from proshares. Been reading through it and researching.

Oh, and welcome to the fold Rualan!! :)

Have a good night peoples!!

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Originally Posted by GoHerdGreg

Bill, et al--

There will be no due diligence with regards to BEHL this week, IMHO.
It will all be stick-and-move, read-and-react.

It should be a WILD ride, regardless of the outcome. ;)

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Hey Greg,

It will be interesting to see what it does tomorrow after leveling out and basically consolidating today.

I really like your comments on what to do with money last week...the comment about paying yourself and what money is all about. ;)

Trying to establish a longer term ride on this guy, but want to avoid losses, here's a trick used by some guys - note, this is for big board stocks.

http://www.scripps.edu/~davess/siri4/EGLE.png

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Originally Posted by dread

Don't forget SEA, you know me and those silly ETF's!!! :)

After I bailed out on SRS, I got a nice thick booklet on ETF's from proshares. Been reading through it and researching.

Oh, and welcome to the fold Rualan!! :)

Have a good night peoples!!

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Thank you! I'll add that to my shipping list. Looks like reaching 14 on the sea chart and the other resistance on the SHX is where we need to be careful... clear that and the rest should be good - I'm keeping an eye on the BDI though, as it may be a leading indicator as to where the SHX and SEA go.

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Originally Posted by Dr. Dave

Good luck tomorrow if I miss the whole thing - gotta keep chugging at work.

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LOL, I finally found a place where I can get an answer in. I love the charts! OCNF is setting up quite nicely now. It will be really interesting to keep an eye on it.

check out the video on the top right, the announcers go on about spongetech at the mlb game

http://www.cashengine2009.com/

SPNG.OB

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Originally Posted by Sean

lol tib i'm here :)

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Keep hitting that F5 button, Sean. It makes us look good ;)

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Originally Posted by trippingthespeculatingpos

hey dr. dave nice find, im guessing thats kind of a big deal for behl to be there, hopefully we get some more big money coming in tomorrow :)

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Yeah, it kind of is a big deal as far as I'm concerned.... most of the stuff is general to indexes and commodities...

ie. off the top of my head
DIA, DXD $INDU - dow jones industrials etf/index
DXO, DIG, DUG, OIH, XLE, USO - oil and energy etf's/index
GDX, GLD, $GOLD, SLV - gold/silver
QQQQ, QID, QLD, $COMPQ - nasdaq etfs/index
SDS, SPY, $SPX - SP500 etf/index
FAS, FAZ, XLF, SKF - financial etfs
UDN, UUP, USD - us dollar I believe
SRS, URE - real estate
$VIX - volatility

then the few Stock regulars - AAPL, GOOG, RIMM BAC, F, DRYS, MON, POT stuff like that...

BEHL is still up there.

I'm hoping it forms a base within one of these latest candles - give us some stability.

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Originally Posted by rualan

hello everyone , first time poster, been lurking since bill was talking to himself this has turned out to be a great group. bill, what is your take on GCKO, any info will be appreciated. cant type so i will not be posting much.thanks everyone

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First of all, welcome rualan! We are glad that you are here. Make yourself part of our happy family. (I all ready know that GEEK stole my thunder, lol). Man you must have been reading this thread for a long time. We are glad that you have finally landed! :)

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Originally Posted by billhart22

LOL, I finally found a place where I can get an answer in. I love the charts! OCNF is setting up quite nicely now. It will be really interesting to keep an eye on it.

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Hahaha - yeah, and I make them too big - for the pennies, I've deemed that most of the indicators are worthless due to their violent nature... so I made a new background for those, they should be smaller.

As long as the transports, CAT, the SHX, SEA, PACR (who also showed up on the cloud ticker today) and such keep chugging along, and hopefully with a BDI reversal in direction, I'd say its a go for OCNF, though we have some heavy resistance to clear.

Here's a ticker list for ships - need to check out the weekly charts - as long as there are higher highs and lows, they should eventually run up like the other stocks did.

We are getting overbought on the general market though, but if I remember right, the dow transports and industrials may have had their upside dow theory confirmation... have to look..

$BDI
$SHX
$TRAN
CAT
CPLP
DHT
DRYS
DSX
EGLE
EXM
FRO
GNK
GNLG
ISH
KEX
NAT
NMM
OCNF
ONAV
PACR
PRGN
SB
SEA
TBSI
TGB
TNK

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Originally Posted by atmgeek1

Rualan, let me be the first to say welcome, congrats for coming out of the dark. Your right, this group is awesome. I think in last weeks thread Dr. Dave compiled a lists of tickers people were involved with. Be sure to check that out to see if GCKO might be there. I might look at that tonight if I get a chance. Maybe you could also list the tickers you may be involved with?? Don't worry about typing, by the time I type a message usually 5 or 6 posts have gone up...I know the feeling:D

Bill, sorry if I stole your thunder for a proper welcome, please feel free to give Rualan the welcome he deserves:D:D

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Geek, you can say it just as well as I can :D

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Originally Posted by dread

Hey Bill!! Hope all is good, I was looking at this one today. Can't find anything new, other than what you posted here. Not sure what to think, but I am watching it. Not sure why the sell off today?

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Jimmy!

It went down because I bought some. I only put $350 into it for 23,333 shares at .015. I have had that $350 sitting around in my account for a couple of weeks.

I think they are a pretty groovy company. We shall see. They are taking over that other company on August 14th. That's what really made me wonder why it dropped. It will definitely go up. Let me get out my tire pump.

I hope that everything is great for you. You haven't been around in a while, but it is Summer.:)

Dr. Dave and Bill,

I have a chunk of OCNF. I am holding that as a Long. I am glad to finally see it coming out of the red in my account. I bought into it @1.70. I was never worried since you know it is coming back and the PR has all been great on it. However, just waiting for the economy to push it back up... Sheesh. I did not think I bought on a high mark...but there you go.

I would like to add to that chunk over the next few months as I really like their dividends. Buy in now and it will be like getting 30% every time they pay out.

I like the Base on OCNF - I liked EGLE's fundamentals better, but I guess since the banks were the first to rally back in february, the fundamentals aren't exactly the key leader in determining a run these days. OCNF would give a bigger bang for the buck. I'll have to see how much I have in EGLE and PACR, don't want to overweight myself, but still compared to the rest of what's going on, this sector (which is likely a better representation of where the world is at), has lagged and has more upside than the others.

Well, I better get to work.

See you folks in a few hours when the stock neuroses catches up with me again.

Quote:

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Originally Posted by Dr. Dave

Hahaha - yeah, and I make them too big - for the pennies, I've deemed that most of the indicators are worthless due to their violent nature... so I made a new background for those, they should be smaller.

As long as the transports, CAT, the SHX, SEA, PACR (who also showed up on the cloud ticker today) and such keep chugging along, and hopefully with a BDI reversal in direction, I'd say its a go for OCNF, though we have some heavy resistance to clear.

Here's a ticker list for ships - need to check out the weekly charts - as long as there are higher highs and lows, they should eventually run up like the other stocks did.

We are getting overbought on the general market though, but if I remember right, the dow transports and industrials may have had their upside dow theory confirmation... have to look..

$BDI
$SHX
$TRAN
CAT
CPLP
DHT
DRYS
DSX
EGLE
EXM
FRO
GNK
GNLG
ISH
KEX
NAT
NMM
OCNF
ONAV
PACR
PRGN
SB
SEA
TBSI
TGB
TNK

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I think it is good to have all of those indicators on there, because people will start correlating them in their minds with price movement and volume and such. I am glad that I took an interest in charts a long while ago and learned most of the indicators and how to mark up charts.

The indicators all get you to the same place. They just do it in different ways. Some are so similar that they all aren't worth using. I dig charts though.

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Originally Posted by Stock Magician

Dr. Dave and Bill,

I have a chunk of OCNF. I am holding that as a Long. I am glad to finally see it coming out of the red in my account. I bought into it @1.70. I was never worried since you know it is coming back and the PR has all been great on it. However, just waiting for the economy to push it back up... Sheesh. I did not think I bought on a high mark...but there you go.

I would like to add to that chunk over the next few months as I really like their dividends. Buy in now and it will be like getting 30% every time they pay out.

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Ha, we posted at the sametime. I agree, now would be a good time to get in early. I'm really hoping the SHX can bust thru its last high. The first wave up is pretty strong though. ISH is the fundamental leader and breaking out to new highs, need to keep an eye on it too.