Steckler's Star Studded Stock Picks

[DSteckler]

ORCT update

Nice breakout; volume already almost 2X ADV.

[DSteckler]

VPHM update

Major breakout on solid volume. I'm now expecting a test of the highs...when is another subject! <g>

[DSteckler]

UARM Fib. projection

Now that the old high was taken out the 1.618 Fib. projection is around 44.

[Jim Smith]

nice call on VPHM dave....I tried to play this a couple weeks ago but was early....now is the time.....I am all over this one.

[Lyehopper]

Now that the old high was taken out the 1.618 Fib. projection is around 44.

Steckler.... How do you calculate a fib "projection".... All I know about is fib retracements. Can you post a chart (or info) showing (explaining) it?

[Lyehopper]

nice call on VPHM dave....I tried to play this a couple weeks ago but was early....now is the time.....I am all over this one.

ditto... nice call!

[DSteckler]

<< How do you calculate a fib "projection".... >>

I assume you know the basics of Fibonacci progression so I won't bore you with those details.

Technically speaking, it's not a Fib. projection but a Phi extension. Phi is the golden ratio. It is 1.618. Several of the Fib. numbers are related to Phi, e.g., 0.618.

There are two Phi numbers that are mathematically closely related: 1.618 and 0.618. For Fib. retracements, technicians commonly use 0.382, 0.50, and 0.618. The first Phi extension is the golden number added to 1:

1.618
1 + 1.618 = 2.618

Further extensions are the previous extension multiplied by the golden ratio:

1.618 X 2.618 = 4.236
1.618 X 4.236 = 6.854

The beauty of Phi is that it is fractal. You can take almost any two significant high/lows and using Phi extensions, predict upside/downside targets on a stock.

[DSteckler]

The reason I refer to it as a Fib. projection is because Joe DiNapoli, who wrote an excellent book on using Fib. numbers called, "Trading With DiNapoli Levels," basically uses Phi extensions and calls them DiNapoli levels

[DSteckler]

Throw a dart

At almost any O&G company and you've made money.

[DSteckler]

ISLE - why such a tight range?

Nothing I can find in the news that would account for it.

[DSteckler]

Orct, Gnt

Clear b/o on ORCT with huge volume. Gotta be some elephants jumping into the pool.

GNT broke out and made a new ATH. First phi extension projects out to about 10.90.

[Jim Smith]

long ORCT dave.....I've been watching this one for a few weeks as well....upside could be enormous....

[Jim Smith]

ORCT target Dave?

[DSteckler]

I'm almost embarassed to say. The CH&S projection is 46.75. The 1.618 Phi extension is 34 and the 2.618 Phi extension is 47.4, very close to the CH&S projection. Obviously, it isn't going to reach there without backing and filling.

BTW, the second Phi extension doesn't come into play unless and until the first Phi extension is reached.

[mystiky]

Any update to STP?

STP? It's the racer's edge....

(Boy, am I dating myself with that one!)

Wednesday's pullback was almost exactly to the 38.2% retracement level between the IPO low and the 1/23 high. Today there was a harami bar (in Western terminology, an inside day), which signals indecision between buyers and sellers. It will be interesting to see if tomorrow is inside today; if so, that will make a symmetrical triangle.

The above was from a few days ago.

Since it closed today above that 40.15 mark, are you expecting it to go higher from here?

Thanks!