Market Watch for the week 8/3/2009

[Dr. Dave]

Tree - I'm just drawing lines - price could go anywhere - but if there is a trend in one direction or another, keep that support and resistance in mind. Prices that have hit nearby a line already are less significant than farther away statistically. The pennies are less reliable, especially low volume stocks, and a PR, a pump on a message board or via emails, etc., changes everything. In fact, I'm kicking myself for not just trading AAPL, lol. But there isn't a fun message board to go with it.

[Dr. Dave]

LOL - forgot about corn - whiskey may get cheaper - haha - its still turning down from the 50 day. (why I think posting corn charts is funny, I"ll never know)

[Dr. Dave]

nasdaq futures hugging 1600 still, we turning around? SIRI is far more correlated trading wise to this than it is to the auto's, etc. at least as far as actual trading is going.

[Dr. Dave]

FCEL update - sometimes there's pattern's within patterns - I switched the color scheme - blue is the upward channel, black is the sideways channel.
The dark lines form a converging triangle pattern.

If the stock breaks south of the blue bold line - it could find support on the thin black line and trade sideways. Here, other indicators like CCI(5) or RSI(2), along with Wm%R will help you know if the black channel is in play, as will a hammer candle on the whose bottom will touch the black channel line. If you don't see this, and oversold conditions on those indicators, assume further south to the green line (pending a retest). I hate it when I miss that stuff.

[billhart22]

You are one helluva stock picker Bill...once BCLE takes off you will be batting 1000

I am a better nose picker.

[billhart22]

[QUOTE=Dr. Dave;45858]LOL - forgot about corn - whiskey may get cheaper - haha - its still turning down from the 50 day. (why I think posting corn charts is funny, I"ll never know)

It sure would be nice if whiskey prices came down. $48 a pop for Maker's is pretty expensive. But I am just so infatuated with the red wax on the top of the bottle and that extra fancy label with the little story on it.

It says and I quote:

"Maker's Mark is America's only handmade bourbon whisky - never mass produced.

Each individual batch is less than 19 barrels and this small quantity means we can be choosy about everything we use and everything we do to craft our whisky.

That's why we use the old-style sour-mash method. We start each new batch fermentation by using a little of the last, resulting in a more consistent product.

We're proud of our unique and full-flavored handmade bourbon, and so we add our Makers Mark to each bottle."

Now are you all ready for a drink?

[Dr. Dave]

Damn, had no idea that stuff was so expensive.
I liked it too - my friend had it.

[atmgeek1]

Good evening gentlemen. thought i'd sign on before i turned the lights out for the night. I was over at the spoke, what are they trying to accomplish by putting behl on a GTC @ 15.00??

Today was a learning experience for me. I thought for sure that nomatter what the Q2 report was on SIRI, it would be beatin' down by the street so I sold @ .505. Lesson learned, #'s are #'s and they showed that the company is on the right track, atlast for the next year.

What's anyones take on the stry from Sean about Bcle?

[billhart22]

Damn, had no idea that stuff was so expensive.
I liked it too - my friend had it.

Dave-

Yes, and you finally realize how little there is in one bottle, lol

QASP sure has some good things going for it...at least what I have seen so far. Tony was chasing it all over the place today, lol. Thank God he got on the bus before it took off.

I was sitting here admiring him turning it over and over and then it took off. I bought in at .015 and he later snagged it at .01 and then it shot up. Half a penny can make a hell of alot of difference with these pennies. Now it is up to .0248.

[billhart22]

To Everyone:

If it gets above .03 Dave would declare that a Blue Chip stock in this arena.

There were some .0249 sales though. We shall see what tomorrow brings. You just never know. I think this company has a lot going for it. The three new acquisitions will be signed over on August 28th, so you can take the PR today and do some DD from there. Oh ya, please post your DD here, so our team can run with it! oooooo rah!