Steckler's Star Studded Stock Picks

[Gatorman]

How in the world did I miss a 12% divy? These are my kind of plays.

Not ALL dividends are from those Canuck energy plays you love.
Now that you're tipped off, you can focus a bit down here in the lower 50!

[DSteckler]

There may also be some tax issues with those Canadian stocks, e.g., paying the dividend in Canadian dollars. I think BAM just did that, although they offered shareholders the choice of USD or CD.

[New-born baby]

Foreign Tax Credit

There may also be some tax issues with those Canadian stocks, e.g., paying the dividend in Canadian dollars. I think BAM just did that, although they offered shareholders the choice of USD or CD.

$3000 tax credit=no tax liability. Unless you make more than $3000 in divys, you've no sweating to do.

[New-born baby]

Swamp Water

Not ALL dividends are from those Canuck energy plays you love.
Now that you're tipped off, you can focus a bit down here in the lower 50!

Gatorman,
Yes, now that I am tipped off, I WILL focus on the lower 50
Huge divys beat drinkin' stale swamp water If you know of any others, post 'em so I can trade 'em

[Runner]

I’m seeing possible Bear flags in some of the Major Indices. This may manifest into another leg down. What ya think?

[Websman]

I’m seeing possible Bear flags in some of the Major Indices. This may manifest into another leg down. What ya think?

I am remaining cautious with only one open long position. I'm also in stalking mode for shorts.

[DSteckler]

I’m seeing possible Bear flags in some of the Major Indices. This may manifest into another leg down. What ya think?

Possible rising wedge forming on the DJIA and SPX, which is a potentially bearish pattern. What other indicies are you seeing it in?

[mystiky]

Any followup on SILC?

Hi Steckler,

I have been watching SILC, and it seems like it has broken down below the 10,20,30 50-day avgs. The next suppot looks to be around 6.20.

Would you try to stalk it, or is it really so bearish that it can easily go back and fill that gap at around 5?

Thanks!

[DSteckler]

Mystiky, I usually avoid stocks that fall below the 50DMA. Volume yesterday was heavy, more than 1.5X the ADV, and that tells you there were elephants getting out of the pool. Waiting to see if it comes back to 5 is not a bad idea.

[mystiky]

Silc....

I also dont like stocks that break down below the 50-day. However, I just reazlied that today they are doing a secondary follow-on (details supposedly being released later today, but annouced on January 17). So I guess thats why the stock has been acting on the downside.

Anyhow, I will continue to watch it.

[DSteckler]

Float < 7 million, ERG > 250

BTJ - Pulled back only as far as the 23.6% retracement level, showing how strong this stock is. Up 8% pre-market.

ELTK - I've mentioned this one before and re: full disclosure, I own it. ERG = 281

BTUI - symmetrical triangle. It should have moved yesterday but it didn't, which raises my suspicions.

TAYD - high tight flag pattern. ERG = 261.

NURO - Retraced 50% of it's fall from the November high to the December low. Estimates the next two quarers are up 173% and 180% respectively, YOY.

[DSteckler]

WTI target reached

The continuation H&S target objective was reached so I took my profit and moved on. It worked out well, a 12% return since purchase on 1/19.

[DSteckler]

BGC shooting star

Didn't see any news that might be causing today's pullback after the nice gap higher.

[DSteckler]

BVF in trouble

Crashes through the 50DMA on heavy volume (already more than ADV). Any bounces back towards the 50 could be used as shorting opportunities.

[DSteckler]

GIGM breaking out again?

In the process of breaking outof a flag. Extended here, be careful about chasing it.