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« November 2004 |
Main
| January 2005 »
XXIA broke out and looks good.
SNDA, one of my favorites, moved up strongly today with volume and looks to break out soon. It looks like now would be a good risk to reward entry on this very nice looking stock.
AMSG has made a new all-time high with volume and looks pretty good.
MNDO is very strong lately.
And portfolio pick TASR broke out, while HANS made a new high. SIM continues to be very strong.
I'm leaving tomorrow morning for New York for New Year's and I won't be posting here again until Sunday.
* user agreement -- how to use ugly picks --------------------- day 9
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Posted by Ugly at 01:08 AM | Comments (0) | TrackBack
UNFI broke out over $30 to a new high because of a deal with Whole Foods, a natural and organic foods supermarket where I frequently buy groceries.
Although light on volume, NNDS broke out with some significant block trades and looks good.
MANC has a nice chart - after breaking out from its long base at $5. Today it was up over 20%.
CTSH is a very strong and good looking stock.
I mentioned the breakout of KEYW to a new high, earlier this morning just as I added it to the portfolio. It looks very good.
Recent IPO BLKB looks good - it made a new high today and is one to watch.
Leaders, PMTI and JUPM were strong today, which in my opinion is a good sign for the market.
After ELOS gapped down over 20% at the end of November, I mentioned that the chart was not broken. It was not and looks very good now.
The block trades on MFRI today look very tempting.
There are just so many to buy and not enough money.
And TONS continues to go up tons and tons.
Despite the light volume due to the holidays, the chart for the Nasdaq is looking bullish as it makes new highs.
However, this is a good time to remind myself that any fool can make money in a rising market. Any pride that I have now will probably humiliate me in the future. Bloating about profits in a rising market and then losing as the market turns makes me nothing more than a chump. It is very important to keep your mind calm and clear and to trade without emotion.
* user agreement -- how to use ugly picks --------------------- day 8
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Posted by Ugly at 02:00 AM | Comments (0) | TrackBack
KEYW is making a move after quietly forming a base for the last month or so.
Posted by Ugly at 10:17 AM | Comments (0) | TrackBack
TAYD for the daytraders. Also watch SIRI for a breakout, it "closed the window" today on its gap up and is forming a base.
ZEUS made a new high, continuing the move it started at the end of November.
NGPS and ANTP still give me no chance to get in. WEB gave me a chance last Thursday at around $10, but I missed it. At least I got SIM.
Because of a mention on uglychart.com this weekend, TZOO was up over 10% and closed at a new all-time high. Unfortunately, even Ugly himself didn't get in and his order remains unfilled.
After making another new all-time high today, DECK is now at the psychologically important round number $50.
And ugly pick PRFT has a nice chart after touching a new high today.
* user agreement -- how to use ugly picks --------------------- day 7
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Posted by Ugly at 01:35 AM | Comments (0) | TrackBack
I went out with some old friends from the University of Akron chess club, where I was a member while in high school. I am not in town often, so it was great to see them and to play some bughouse.
My uncle was there and was telling us about the trouble he had with his neighbors - an older man and woman who were always bothering him. My uncle and his neighbors hated each other until recently, when the husband died.
My uncle believes he killed his neighbor with Feng Shui. He had read in some Feng Shui book that if you did not like your neighbors, you were supposed to put a mirror in your house facing their direction so that their bad karma would reflect back to them. So he put a large mirror in his window facing their house and soon after, the man died.
It is at least a good idea for a kung fu movie.
Posted by Ugly at 01:19 AM | Comments (0) | TrackBack
This is a shirt that I got for Christmas from a friend. Click on it to see a larger image. And here is the shirt that I gave to my friend. Meanwhile, this is a shirt that I got for myself a while ago and like very much.
Posted by Ugly at 02:57 PM | Comments (0)
From the portfolio, a stop was triggered on OMM today and I'm glad to let that one go.
Two recent high fliers, TRGL and PARL are pulling back today, while SIM and HANS pull ahead.
I had an order to buy TZOO, but it didn't fill. Tonight I will reconsider.
ANTP continues to make new highs - congratulations to all ANTP holders.
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Posted by Ugly at 02:48 PM | Comments (0) | TrackBack
The market is closed tomorrow (Friday) for Christmas. Volume was light today as everyone took off early for the Holiday weekend.
From the portfolio, HANS is showing some life after doing nothing for the last month.
OMM is the lame dog of the bunch, I will probably cut this one out soon.
CIB looks good.
TZOO looks like it is about to break out. TZOO, TASR, and the Nasdaq all looked poised to break out to new highs. You can't be sure until it happens, but this makes me think we will see a continued rally for the end of '04 and the start of '05.
* user agreement -- how to use ugly picks --------------------- day 6
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Posted by Ugly at 01:35 AM | Comments (0) | TrackBack
CNTY broke out to a new all-time high and looks good.
PENN is a very strong and attractive stock. I don't think it will let you down. In mid-October I said it was going to $50 - now I say $100.
CEDC looks like it is about to start a run, after peeking above $30 for the first time.
BEBE and ODFL both look ready to make a move.
The nasdaq is riding its 20dma and looks to break out to a new high.
Minneapolis is the most creditworthy city, while Dallas and Houston are the least.
"...the company found that only 26 percent of the population of Minneapolis had made a late payment within the past year. And 56 percent of the population had no credit delinquencies at all on their files."* user agreement -- how to use ugly picks --------------------- day 5
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Posted by Ugly at 01:04 AM | Comments (0) | TrackBack
Portfolio picks, SIM and PARL, made new highs and are looking great.
Because of a mention yesterday on uglychart.com, SNDS was up over 14% today.
I think LMIA has a nice chart for any type of trader and should be everyone's list.
FORD looks pretty good, there were some block trades today that look interesting.
ANGO, up 20% on good news, looks to go higher.
WEB went nuts, it looks great if it comes back to Earth.
CMC passed the psychologically important round number $50 for a new high.
RNT had a nice move today with volume - looks set to breakout.
* user agreement -- how to use ugly picks --------------------- day 4
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Posted by Ugly at 10:17 PM | Comments (0) | TrackBack
I am in Ohio for the holidays, and one of my uncles is a big movie fan. He knows everything about every movie and goes to conventions, etc... I went to a 3-d film festival with him last summer.
Because of him, I enjoy and watch many old movies. He brought over The Kid a couple nights ago and we watched it.
This silent movie is really funny even though it is over 80 years old. The Kid was written, directed, and starred in by Charlie Chaplin. His co-star in the movie, Jackie Coogan - the "kid," grew up to become Uncle Fester in the Addams Family.
It is a great movie, and the print of the film on the DVD we watched was almost flawless.
Posted by Ugly at 09:32 PM | Comments (0)
MIKR was up over 50% today on good news. I think it is one to watch.
VLLY has almost doubled since its IPO at the end of September. It is a low volume bank stock, but otherwise it looks very good.
Some stocks, like NGPS, ANTP, I want very badly but I never get a chance to get them at a price I want.
MCRI, from the casinos and gaming industry, looks ready to make new highs.
FRD, because of a mention yesterday at uglychart.com, took off like a rocket - finishing up almost 20%.
SNDS, which I've mentioned before, still has a very nice chart.
TASR - is it ready for another run?!?! Looks like it. And it could really go with all the short sellers.
CMN looks good, too.
Recent IPO, JOBS, looks like it is being accumulated.
* user agreement -- how to use ugly picks --------------------- day 3
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Posted by Ugly at 08:53 PM | Comments (0) | TrackBack
STN, mentioned last night, was added to the portfolio this morning.
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Posted by Ugly at 11:03 AM | Comments (0) | TrackBack
Portfolio pick, FMD, looks to be reversing up from its 50dma and trend line - probably a nice entry with a good risk to reward bet.
The same goes for STN.
I think STEM looks good for the day or swing trader.
The breakout at the end of the day on Friday for ADSK looks very good.
FRD has a beautiful chart - this is the way a chart should look.
STST mentioned way back on Aug 23rd - before I started the Ugly Picks page, continues to make new highs.
Another IPO and ugly pick, KCI, continues to make new highs. They will both keep going until they stop.
ANTP is too hot for me to handle, but I would like to get my hands on it when it cools off a bit.
The volume in the markets lately could be a sign of a top, but they are trending up so it will most likely continue that way. Trading below 2100 and the 50dma on the Nasdaq would make me feel more uneasy in the trend.
After a 13 hour drive yesterday, I am back in Northeast Ohio - just in time for the blizzard.
* user agreement -- how to use ugly picks --------------------- day 2
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Posted by Ugly at 01:20 AM | Comments (0) | TrackBack
After suffering losses in options trading, I have come up with a theory which I call "Min Pain" - derived from the options trading term, "max pain."
I believe that it is extremely important for a trader to be comfortable with their trading. The more comfortable and at peace a trader feels when entering trades, watching their positions rise and fall, taking profits, taking losses, etc... the better they will trade. The better you feel - the better you will trade.
No trader can win with every trade. Losing money is not always a mistake and even a fool can make a fortune with dumb luck. It is especially hard to know if the way you are trading is the most profitable way for you to trade.
I believe that min pain analysis can measure this to some degree. If you are trading and depressed, stressed, anxious, angry or even physically sick, you are not trading in the right system and you won't be successful. If you feel relaxed, satisfied, and in an enjoyable mood while trading, you have a much better chance of being successful.
With min pain analysis, you take some time to consider how you feel about your current and recent trades. You consider if you are feeling bad in some ways, and about what could make you feel better.
"If you find yourself considering, weighing, or judging, then you are either not predefining what a loss is or you are not executing them immediately upon perception, in which case, if you don't and it turns out to be profitable, you are reinforcing an inappropriate behavior that will inevitably lead to disaster. Or, if you don't and the loss worsens, you will create a negative cycle of pain, that once started will be difficult to stop." - Mark Douglas, The Disciplined TraderThe min pain point is the point where you trade your best.
Posted by Ugly at 01:57 PM | Comments (0) | TrackBack
I have now started referring to TRGL as "my baby."
A tree does not grow to the sky. Still, letting your winners run is essential to successful longer term trend trading. As tempting as it is to take some off the table, I will wait until my rising stop is triggered.
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Posted by Ugly at 10:05 AM | Comments (0) | TrackBack
I was stopped out of CTRP yesterday in the portfolio. This was probably due to bad buy timing and poor position sizing. It touched its 50-dma today - we will see how it reacts to this. I will re-enter if it shows strength.
I don't usually look at the BB stocks, but ABXA looks good.
STNR looks strong.
And Ugly Pick PKOH continues to perform nicely - it is also one of the strongest stocks in the market.
IIIN, the strongest stock in the market, moved up today with a volume increase - reversing from its 50dma - this is probably a nice risk to reward bet.
If you can afford some for over $900/share - SEB broke out to a new all-time high with volume - looks good. And it is coming up on the psychologically important magical round number $1000.
WEB looks good also.
TONS went up tons today and I think this stock looks great if you can get it at a good price.
* user agreement -- how to use ugly picks --------------------- day 1
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Posted by Ugly at 11:37 PM | Comments (0) | TrackBack
I had the second of my semi-annual massages today. I would get one every day, but they are too expensive and I am too cheap. However, I get one every once in a while because I think they are good for your health and they feel really nice.
Scientists are now finding that massage can reduce blood pressure, boost the immune system, dampen harmful stress hormones and raise mood-elevating brain chemicals such as serotonin. - Newsweek, "The Magic of Touch"I think massage is even more important for us stressed out stock traders. Stress, one of my most unhealthy habits, can kill if left untreated:
Stress drives people to an early grave, says a leading physician. It lowers a person's immunity to the common cold and makes him/her more susceptible to ailments like asthma, cardiovascular disease and even cancer...
Posted by Ugly at 11:08 PM | Comments (0)
I watched the Paper Chase last night and thought it was really good. It was a coming of age story about a new Harvard Law student and the pressures of competition. Most people would not consider this a guy movie, but I do. Not a macho guy movie, but a movie with real, well developed men characters - about how they relate to each other and what they think.
Posted by Ugly at 11:06 PM | Comments (0)
The QQQQ just dropped below $40 and all of the block trades are looking very toppish. We'll just have to see how it reacts to its 50dma and the $39 area. 2100 on the Nasdaq. If these areas of support do not hold, there would be a bearish double top chart formation.
Posted by Ugly at 02:25 PM | Comments (0) | TrackBack
Portfolio picks, TRGL and CWTR made my ego swell, despite valiant attempts to humble myself.
PSYS has never stopped going up. I think it looks good - but I prefer to see a move like this without news, but it still looks good.
The same goes for LEV.
NIKU broke out and looks good.
WCG, a recent IPO, looks very attractive.
As for the market in general, it is as simple as this: it is in an uptrend - odds are it will go up. However, it may not, so keep your risk under control.
* user agreement -- how to use ugly picks
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Posted by Ugly at 10:34 PM | Comments (0) | TrackBack
Portfolio pick TRGL is going nuts - I love it.
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Posted by Ugly at 03:01 PM | Comments (0) | TrackBack
There have been quite a few block trades on the QQQQ this week. It could be due to options expiring, the fed meeting, new 52-wk highs, or anything. It isn't so important about why - more important is what it means.
Volume represents strength and importance. It is needed to move up. Volume also defines tops and bottoms, whether they be short term or long term. The more volume, the more important that area becomes - for resistance or support.
Generally, I believe that where there is an increase in volume that means there will be a move away from the volume area, one way or the other.
Posted by Ugly at 01:25 PM | Comments (0) | TrackBack
I totally missed the drama in RIMM today, I noticed some daytraders were talking about it, but I didn't see how it halted trading and gapped down once it resumed. That is an example of where even well managed risk can go wrong.
CHE had some nice looking block trades today. This looks good for a swing trade or more.
WTW looks like it could be starting a move.
I have organized this blog into categories.
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Posted by Ugly at 01:33 AM | Comments (0) | TrackBack
The lines meet directly at the Fed meeting news due out around 2:15, it will be interesting to watch:
Posted by Ugly at 11:57 AM | Comments (0)
MNDO looks good.
CFCI has a nice looking chart - breaking out of a 5-year base.
The nanotech stocks were hot today NANX, ALTI, NGEN, JMAR, etc... I leave them to the daytraders.
Ugly pick, PROG, continues to continue and looks good.
One of my favorites, MCRI looks like a perfect strong buy today or tomorrow. Another favorite, NGPS continues to party like a rock star.
If you have a chance to get LB at its 30-wk moving average, or any dip, I would do it.
From the portfolio, PARL continues to make new highs. OMM looks to have finally reversed off the 50-dma. TRGL made a new all-time high.
Today was a great day for me. The market has been doing extremely well for the last few months. Anyone can do well in a market like this. I'm saying this because if you let it get to your head, you are bound to go bust at some point. After getting a break and doing pretty well, you have to strive and struggle to humble yourself, because it is really no achievement to make money in a market that is as strong as this. When you lose, you have to move on and keep your confidence and trade without emotion - and when you win, you have to humble yourself and remember the market will stab you in the back when you look away. You are good, but you are not a genius and you have to continue to trade without emotion.
The 5-million block trade on the QQQQ has made me very bullish. Unless there is trading under $40, I believe the markets will rally through the rest of the year.
* user agreement -- how to use ugly picks
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Posted by Ugly at 10:03 PM | Comments (0) | TrackBack
I love this state - a pro-wrestler for governor and now an electoral vote for the democratic vice-presidential running mate.
Republican George W. Bush is due to receive 286 electoral votes; Kerry was slated to get 252, but the Minnesota vote will reduce that total.
Posted by Ugly at 05:21 PM | Comments (0)
Here is an article from last week.
In fact, Rogers' calls have been so dead-on lately that now he thinks a short-term correction could be coming in some of the trends he has identified. A long-term bear on the U.S. dollar, he thinks the currency is due to rally in the near term. "Everyone is talking about the collapsing dollar," he says. "Whenever something has been pounded down, that's usually time for a rally," he says. However, he adds: "Long-term I expect the dollar to be seriously depressed." - via the kirk report
Posted by Ugly at 04:13 PM | Comments (0)
This looks very bullish:
Posted by Ugly at 02:13 PM | Comments (0) | TrackBack
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Posted by Ugly at 08:44 AM | Comments (0) | TrackBack
Another important lesson for the stock market samurai:
Lesson #2: Swordsmanship means chivalry
If you are physically strong, but not mentally calm, you may win the match but you will never be a true samurai. A stock market samurai wins before they even make a trade. They know they will succeed before they begin. Emotional strength, confidence and discipline allow a samurai to trade without fear, greed or regret. By eliminating ego, their trades are only stepping stones to successfully complete their mission.
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Posted by Ugly at 11:24 PM | Comments (0) | TrackBack
Congratulations to Chris, from Ohio, who won Survivor. I was pleasantly surprised to see him break up the "women's alliance" and take it home for the men and for Ohio. I think he played it well, and it was fun to watch. Twila, another great character, came in second.
Just remember to be careful, Chris, because a million dollars can make you go broke pretty quickly.
And for my fellow Julie Berry fans:
Posted by Ugly at 11:02 PM | Comments (0)
Recent IPO JOBS is very strong - huge volume on Friday because it was mentioned on CNBC, I guess.
NRF is another very recent IPO that it worth watching.
Ugly pick and recent IPO SBNY broke out and continues to continue.
CAE ran up on Friday's earnings news - I think it looks like a very safe, strong bet in a strong sector.
ANTP is moving up very fast - one reason is because it only has 700k float. I like it.
One in the portfolio, TRGL, has a nice chart and looks posed to break out.
I really like the look of the SNDS chart.
Lower volume on the Nasdaq Friday and not much movement, as many people took the day off to celebrate Chanukah. I spun the dreidel at a Chanukah party Friday night. Here is a funny website promoting a book for us goyim who want to learn yiddish with Dick and Jane.
* user agreement -- how to use ugly picks
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Posted by Ugly at 01:36 AM | Comments (0) | TrackBack
After I make billions and billions in the stock market, I plan on using it to live forever. Just kidding, but this is a very interesting article.
De Grey contends that we know enough to intelligently map out a program of anti-aging intervention research such that sometime in the next 100 years, and quite possibly much sooner, the average human life span may be 5,000 years, a figure brought short of outright immortality by the small number of people who will die from non-age-related diseases and everybody else who, given the boggling amount of time available to them on the planet, will eventually do something unlucky or stupid like walk in front of a moving rocket car. In de Grey time, the 400-year span between Shakespeare’s England and today would be but the blink of an eye. -- via boingboing
More profoundly, writes Richard Weindruch, a geriatric researcher at the University of Wisconsin at Madison, caloric restriction appears to consistently increase not just the average life span of a subject population, but also the maximum life span or lifetime of the longest-surviving members of a group or species. In other words, CR seems to alter some basic process of aging.
Posted by Ugly at 06:10 PM | Comments (0)
From the portfolio:
OMM is getting smashed to pieces. It has been making an ugly chart.
TRGL is making its move now, after laying low for a while.
SIM went past my stop yesterday, which did not trigger - but is rebounding today.
Here is an email I got which may be of interest:
i'm looking at your portfolioMy stop and position size are determined by the chart and by my rule to limit the loss from each trade to 1-2% of my trading equity. You can read some more about it here. I will try to get into more detail this weekend, when I have some time.
what are the circumstances behind SIM & CACS that allowed a loss greater than 5%?
SIM is up today, so the bottom line there has changed
do you have a strict % of equity loss for sell out?
were you letting a trendline guide your stop?
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Posted by Ugly at 02:55 PM | Comments (0) | TrackBack
MSBK is another lightly traded bank stock that looks good.
CRDN continues to be strong and looks to head to $100.
KBH made a new all time high today and also looks very good.
And I really like WEB, which rebounded nicely today.
I said yesterday that below $39.50 on the QQQQ was bearish and above $40 was bullish - I didn't expect it to go both ways. Today started down below $39.50 and then finished up over $40 with heavier than usual volume. That is bullish, but I am weary of it going up much more. I still believe the block trade on Tuesday is significant and will eventually show a vague area of resistance or support at around $40. There was another block trade of 5,000,000 shares after hours. To quote Dave Jennings (who probably quoted someone else), are they buying the dips or are the dips buying?
* user agreement -- how to use ugly picks
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Posted by Ugly at 08:40 PM | Comments (0) | TrackBack
Now you can buy some great new uglychart collectors items!!! By doing so, you also help to support your favorite free online stock picking, healthy eating, movie reviewing, and kung fu fighting blog!
These collectors items will be great items to sell on eBay years from now when uglychart.com grows into the giant empire that it will some day become. Get them now while they are cheap!
Now you can get ugly Christmas ornaments, ugly pomegranate juice steins, ugly green tea mugs, ugly trucker hats, an ugly wall clock, ugly holiday cards, and even a mini ugly kung fu poster!!
Posted by Ugly at 07:34 PM | Comments (0) | TrackBack
Haloscan trackbacking has been added to this blog.
Posted by Ugly at 09:53 AM | Comments (0)
SIRI finally got a healthy dose of reality.
TRFDF is for the daytraders - who were on it today like white on rice.
Daytraders might also want to watch OLAB.
RIV, the 2nd strongest stock in the market, continues to continue.
The QQQQ was trending up at the start of the day until it reached about the point where the large block trades were yesterday. They were resistance. The market today went up on low volume after going down yesterday on heavy volume. The trend is up, but these are signs that it could be reversing down. I think trading over $40 is bullish and below $39.50 is bearish.
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Posted by Ugly at 08:57 PM | Comments (0) | TrackBack
I use Firefox and so I often do not notice when this page isn't displaying correctly with Internet Explorer. It happens when I stick on an image that is too long. Internet Explorer users might have noticed the website displaying incorrectly since yesterday. Everything looked fine with Firefox.
Posted by Ugly at 04:34 PM | Comments (0)
Sadly, a woman thought she was Jesus and killed her daughter.
However, according to Willingham, Burns claimed she was having Jesus' child, was Jesus and once saw God driving a car.
"'He is a 30-year-old man and he is hot,'" Willingham recalled Burns saying.
Posted by Ugly at 10:44 AM | Comments (0)
I am dedicating this post to all strange ebay sales. If you find something strange that is not listed already, add it to the comments.
GoldenPalace.com just bought a "ghost-cane" after recently buying the famed grilled cheese sandwich. I wonder if they bought the ET cereal grain?
Posted by Ugly at 01:00 AM | Comments (0)
A man is made homeless because ninjas killed his family. Now he is collecting change to take kung fu lessons.
Posted by Ugly at 11:55 PM | Comments (0)
The number of millionaires grew by 33%. And most became millionaires by saving and investing for the long term.
You don't have to search through endless media lists of the Top 25 funds for 2005, or the best hedge funds, or the hottest gold and commodity stocks, the right way to trade exchange-traded funds, which foreign securities markets are safest, etc., etc. You "simply stay the course," says Luhr, doing what you've been doing all along through bull and bear cycles: Long-term buy-and-hold.
Posted by Ugly at 11:39 PM | Comments (0)
I played in a team chess tournament with Hikaru (he wasn't on my team) when I played for the Columbia University chess team. He was 10 or 11 at the time and a strong master.
Nakamura, who is home-schooled, said Fischer and current world champ Garry Kasparov are his heroes. Asked to compare himself to Fischer, he laughed that he himself is "more sane." - Link
Posted by Ugly at 11:18 PM | Comments (0)
Even though the entire market sank, CNTY did nicely. It demonstrated strength amidst weakness.
PKOH continues to show clarity amidst chaos.
Recent IPOs, WCG and KCI are very strong and look good.
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Posted by Ugly at 09:41 PM | Comments (0) | TrackBack
After hours trading in the QQQQ revealed another 4 million share block. 3+3+4 = 10. The 10 million share holder of the QQQQ could have exited their position today. Let's do some math:
Oct 15 -> $35.50 * 10,000,000 = $355,000,000
Dec 7 -> $39.75 * 10,000,000 = $397,500,000
So the profit was a cool $42,500,000. Not bad for less than 2 months (work). That'll make a lot of taxes, but it won't even dent our national debt.
We will see how it plays out, but my guess is that we are in for at least a short term down trend. I will watch to see how the QQQQ reacts to these block trades, its 50-dma and its up trend lines.
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Posted by Ugly at 07:33 PM | Comments (0) | TrackBack
Hmmmmm. Very interesting. I'm eager to see how this plays out.
Posted by Ugly at 02:43 PM | Comments (0) | TrackBack
I believe that this signifies that 39.90 is either significant support or resistance for the QQQQ. My feeling is that it is going down from here.
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Posted by Ugly at 02:29 PM | Comments (0) | TrackBack
I don't like EGHT - but it has a very nice chart set up for swing and day traders. If you are a swing or daytrader, you should keep your eye on it.
DVA broke out and looks pretty good. It has a float of nearly 100 million, which is a little too high for me, with low insider ownership and high institutional ownership. I would rather see really low institutional ownership and high insider ownership. Besides this, it looks good.
PPD is recently strong - if it breaks $50, I think $100 will come soon.
TRMM had some heavy buying towards the end of the day.
ZONS had some volume with price movement up - looks like one to watch for a swing, daytrade or more.
Reality porn TV, now that is a good idea - if you think so, too - check out the chart on PRVT. But it might have climaxed today. If they could only get Julie on the show...
SHR is making new all-time highs and looks good for the IRA.
SNDA broke out and continues to be extremely strong - this is an ideal stock to own.
NGPS is also very strong and is an extremely attractive stock.
I won't touch it, but ISON is for the daytraders for the next few days.
It might be a good time to load up on some KEYW - it is moving up with some volume, looking to break $20.
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Posted by Ugly at 11:19 PM | Comments (0) | TrackBack
There is definitely a bubble forming in SIRI. My sister called me at work to tell me about this one a few weeks ago. My co-worker walked in today and mentioned it. If my sister and co-worker know about it, I don't want to touch it. If you are in SIRI - be careful. Still, a bubble can go a long way before it pops.
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Posted by Ugly at 06:59 PM | Comments (0) | TrackBack
Posted by Ugly at 04:17 PM | Comments (3)
Swing traders might want to take profits, as a short term trendline has been broken:
Posted by Ugly at 10:36 AM | Comments (0) | TrackBack
I've read a lot of useful information from turtletrader.com, so I was surprised to see Trader Mike's post about it being a scam. I had also seen the orignalturtles.org website, but I think it was before they posted the actual rules to the original turtle system - because I didn't see it before.
As Trader Mike says, it is all very very interesting stuff.
It solidifies my belief that risk management is one of the most important parts of successful trading.
Also, consistency and discipline are extremely important.
But knowing these rules is not enough to make you rich. You have to be able to follow them.
Remember what Richard Dennis said: "I always say that you could publish my trading rules in the newspaper and no one would follow them. The key is consistency and discipline. Almost anybody can make up a list of rules that are 80% as good as what we taught our people. What they couldn't do is give them the confidence to stick to those rules even when things are going bad." - From Market Wizards, by Jack D. Schwager.
Posted by Ugly at 01:12 AM | Comments (0)
BIOM has 68.2 million float, yet 85 million shares were traded on Friday as it went up over 114% on good news. Day traders were on it like white on rice. I prefer brown rice.
ELOS, a recent hot IPO which I've talked about before, rebounded off of its trendline and 50dma with volume - looks like a good risk to reward bet.
VLTR continues to look strong.
VLCCF held its 50dma and is reversing back up.
And DCAI continues to continue - I hope I can get into this one at a good price.
GMR had some block trades that show strong demand on the dips - it made a new all-time high.
I missed my chance to get SIM around $4.50-$4.75 the last couple of days - I think it looks great. If you can get it under $5, I think that is very good.
I am watching two trendlines and the 50dma on the Nasdaq. The significance of the high volume will become more clear as time goes on.
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Posted by Ugly at 06:22 PM | Comments (0) | TrackBack
I know that a lot of my movie picks are martial arts movies, however these movies are still great movies. I will not watch, let alone enjoy, just any martial arts movie - only the best.
I loved this movie because it came as such a surprise. A friend and I were going to see a movie, so I was looking through all of the movies that were playing. I saw Twilight Samurai in the listings and thought to myself, "What is this?!" I had never heard of it, so I looked it up at rottentomatoes.com and found that critics gave it great reviews (98%).
We showed up at the movie a little early and I looked through the 5-10 other people sitting in the theater as I eagerly awaited the film. Why were they here? How did they hear of the movie and why did they want to see it? I am a big movie fan - especially anything with the word "Samurai" in the title - and I hadn't even heard of this movie. It reminded me of chess club - I had sort of the same feeling at a pre-screening for Shaun of the Dead. These were the other movie nerds in the Twin Cities. These are some of the other few people who really understand what a good movie is. I felt like the movie-watching elite had unknowingly come together - not by chance, but by some mysterious force - sort of like in Close Encounters of the Third Kind.
I don't know if I've ever enjoyed watching a movie in the theater more than I did with Twilight Samurai. It was a great movie - surprisingly little action, yet exactly the right amount. Great acting and directing that reminded me of some older Japanese movies (e.g. Kurosawa's films), and a wonderful love story.
Posted by Ugly at 07:23 PM | Comments (0)
CTRP is reversing off of its intraday low.
Posted by Ugly at 02:59 PM | Comments (0) | TrackBack
Google CFO says click fraud is a big threat.
"I think something has to be done about this really, really quickly, because I think, potentially, it threatens our business model," Google Chief Financial Officer George Reyes said Wednesday... In fact, he called click fraud the "biggest threat" to the Internet economy. "There's a lot of bad guys out there that are trying to take advantage of this and it costs, I'm sure not just us, but eBay and Yahoo! and Amazon and the whole crowd, you know, tons of money."
Posted by Ugly at 01:54 PM | Comments (0)
I watched the first two episodes of this ten episode mini-series last night. Toshiro Mifune, one of my favorite actors, is in this as well.
From a user on imdb.com:
I don't know what women think about this, but it certainly hits home as a mans movie. It's right up near the top of my all time favorites.
Posted by Ugly at 09:04 AM | Comments (0)
I am pleasantly surprised with how the season is turning out. Chris is great. If he would have been voted out, I probably would have lost all interest with no men on the show - well, I guess I would tune in to see Julie. Chris is a funny guy and it was great to see him break up the alliance of women last week and remove Ami this week - she annoyed the crap out of me. Twila bitching out Ami at tribal counsel was great to watch, too. I'm eager to see how the final five battle it out.
Posted by Ugly at 01:08 AM | Comments (0)
Recent IPOs CBG and KCI are making new highs and look pretty good.
HURC hasn't slowed a bit since the beginning of 2003 - today it broke out to a new 52-week high and is close to new all-time highs.
WCC hasn't slowed since the beginning of 2003 either and looks great.
WTFC is another bank stock that looks good.
FHRX is getting volume at its 200dma and $20 support - it looks like a good risk-to-reward play.
And JUPM looks like it is reversing before its 30-week moving average, where I wanted it.
The Nasdaq made a new 52-week high before reversing for the day. The volume was huge today and yesterday - it would be a sign of a top if the price would also indicate this. If this were true, it could be forming a double-top with the high at the beginning of the year. But this is highly speculative and only something to keep in mind at this point.
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Posted by Ugly at 09:13 PM | Comments (0) | TrackBack
My father works in a factory for Babcock and Wilcox. He does electrical maintenance on machines. It is a crappy job and he is not paid much at all. Earlier this year he had a couple fingers chopped off in a machine. He has worked there for nearly 30 years and management never had one complaint about him. Now they are suddenly giving him a hard time and telling him he is not fit to work. He is currently not working and is not getting paid. And his union is doing nothing about it.
My parents are going through enough lately and don't need this.
Check out B&W's core values.
It makes me really angry and I want to do whatever I can to make sure that my father gets the rights he is entitled to and that B&W is brought to justice for their behavior.
If he's not back at work soon, I'm going to kick some ass.
Posted by Ugly at 08:26 PM | Comments (1)
I mentioned this one briefly here before, but I wanted to include it in Ugly Flicks.
This one is a must-see for martial arts fans. It has an engaging story, great action scenes, beautiful cinematography and wonderful acting and directing. I rarely watch a movie twice - because I want to watch as many great movies as I can with the time I set aside for movie watching - but I did with Hero. I saw it two years ago on a DVD from a Chinese friend and then in theaters when it was released in the US this past summer. Supposedly Quentin Tarantino is responsible for bringing this film to the USA:
When MiramAxe is backstabbing Hero, Quentin Tarantino is coming to the rescue. According to Fangoria magazine, Quentin Tarantino has been pushing MiramAxe for a release in North America and he will be "presenting" Hero in New York and Los Angeles this June. He told the magazine, "I had to fight for it with Miramax. I think they lost faith in it and everything. And I thought that Hero was an absolute masterpiece, so I fought with them not to cut it. Not to bring it down, but to keep it the same length as when I saw it. And finally they agreed if I would present it. So I got in touch with Zhang Yimou and he was cool with that. Yeah, he was as happy as a clam. So that's what I am doing—it's pretty much what I did for Iron Monkey."Quentin Tarantino is my hero for bringing martial arts movies to the mainstream by presenting Iron Monkey, Hero, and directing the Kill Bill movies. His next movie is going to be a kung fu flick completely in Mandarin:
"My next movie is gonna be another kung fu that's gonna blow your asses off. The next movie will be in Mandarin. I enjoyed shooting all the Japanese stuff in Kill Bill so much that this whole film will be entirely in Mandarin"
Posted by Ugly at 07:24 PM | Comments (0) | TrackBack
The Supreme Court Ponders IRA-Bankruptcy Case
The stakes in the case are high. Last year, more than 1.6 million people filed for personal bankruptcy, compared with 875,000 a decade earlier. Experts say much of that is being driven by people 55 and older who lose their jobs and cannot pay off debts.
Posted by Ugly at 04:34 PM | Comments (0)
Similar to the virgin mary grilled cheese sandwich, a grain of cereal that kind of looks like ET sold for over $800 on ebay. Lesson: Make sure to check all your food before you eat. You could accidentally swallow a $1000 flake of cereal.
Posted by Ugly at 04:14 PM | Comments (0)
Pennsylvanian Melody Joy Kramer writes about how she likes internet porn.
It isn't news that porn is big business:
It is estimated that Americans now spend somewhere around $10 billion a year on adult entertainment, which is as much as they spend attending professional sporting events, buying music or going out to the movies.One website will give you tips on starting a million dollar porn website without your friends or family knowing about it.
Consumer demand is so strong that it has seduced some of America's biggest brand names, and companies like General Motors, Marriott and Time Warner are now making millions selling erotica to America.
Posted by Ugly at 03:52 PM | Comments (0)
Jim Rogers won't be buying stocks in Iraq.
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Posted by Ugly at 03:35 PM | Comments (0) | TrackBack
TLK looks like a safe, strong one to buy and hold for a while.
INOD could be a good one to watch because of its volume spike today and nice looking chart.
But I would recommend LFL over either of the above. I think LFL looks great - especially if you could get it at a pullback.
ASFI and VIVO both broke out to new all-time highs and look good.
CTRP is a strong buy and I think it will go to $100 relatively quickly - this one could really run.
STSA and CNC are nice ones for the IRA, long steady up trends.
Well, it's no surprise that the Nasdaq went up today. That's all it's been doing for the last few months. And the chart looks like it will go up more in the short term. It is too extended for me to buy and too strong for me to sell. I will have to be patient.
* user agreement -- how to use ugly picks
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Posted by Ugly at 01:07 AM | Comments (0) | TrackBack
Today in karate class sensei told us that if we are attacked by someone, they are the victim - not us. They are the victim because we use their energy against them.
I am not sure if the same holds true for chimps.
But I think this an important lesson for the stock market samurai.
Lesson #1: Use your opponent's energy against them
In the stock market, the direction of the energy of the market is towards the trend. If you try to fight the trend, the market will destroy you. Use its wild energy against itself to bridle it and gain control. Trade with the trend. Know this and you will see that if the stock market attacks, it is the victim.
Posted by Ugly at 10:35 PM | Comments (0)
