Stock Picks and Tips

[t00nces2]

I thought it might be nice to have others who digest stock market funds and stocks post leads they think have promise and let others run them through their filters to see if they suit their parameters. It would be nice to have other people with other views who filter other stocks put them out in front of others. Right now, I have a few I am hopeful for:

RIG... And oil stock and my chart says it is on the way up. Short term long position goal would around $1.90 or so, longer term would be over $2.50 or perhaps more.

ERI... Resorts.... $27.50 now, MY thought on a goal is around $35 or so. have a $2 trailing market stop on it.

PSLV.... Sprott silver.... $6.22 now, target of "the sky" as time moves on. I am actually using it as my cash account at this time.

All these are trending up and are good short term long positions.

[BodieGhost]

MGM Resorts (MGM) - this one looked like the best of the gaming stocks in Nevada, at least to me. It got pretty beat up in the last month. Still a big gamble though.

Marathon Petroleum (MPC) - a refiner and retailer. I'm thinking this will be an attractive stock when the economy gets going. It got hammered over the last couple of months also. Still looks strong to me.

[t00nces2]

MGM Resorts (MGM) - this one looked like the best of the gaming stocks in Nevada, at least to me. It got pretty beat up in the last month. Still a big gamble though.

Marathon Petroleum (MPC) - a refiner and retailer. I'm thinking this will be an attractive stock when the economy gets going. It got hammered over the last couple of months also. Still looks strong to me.

Both those look like they are on the move up.

[The Sage]

blue horseshoe loves etf JETS

[t00nces2]

blue horseshoe loves etf JETS

My screen says it is not a buy at this time.

[The Sage]

My screen says it is not a buy at this time.

What makes something "a buy" ?

[everything1]

A buy is when a stock is going only up in price, but it can fall and look for a reversal too. Lol, do not buy JETS. LUV maybe.. Unless you think people are getting rich and all heading on vacation, maybe I guess. But, consider work from home, different days ahead, and so much competition in airline arena, wouldn't be surprised if some do declare bankruptcy. I mean .. look at hertz, maybe more pain to follow?

Casino's? Ehhh, truth is, when the economy is hitting the crapper, people do get desperate and gamble more, fact. And, it is an addiction thing, pent up for sure, so who knows, right? They recovered great next time, but question is, are we heading towards recession, or away from it. Is disposable income increasing, or decreasing. I think people are getting tight with their money, and that's true for election year as well. Hunt for a bottom?

Marathon just posted 9.2 billion loss and temporarily shut down some production, nice spike from 20 back to 35 though, trend is definitely up, and if they sort out some cost savings, more likely than not, uppity up, up, up, along with gas prices.

All speculation on my part folks, not a wiz, just quick analysis is all.

[t00nces2]

What makes something "a buy" ?

Here is the chart I am using to chart JETS. I have circled the trend lines at the bottom right. You can see both lines are flat on the bottom. No upward buy pressure at this point...



On the other hand, here is one of the stocks I am considering purchasing today or tomorrow, depending how quickly the funds are available from the sale of another security. The stock is OMP. I have circled the upward trend, it has broken through the 38% mark and has a good chance of heading up in price....



There is actually a bit more to it than that, and that is just one of the stocks I am considering, but that is why I said that JETS did not look good on the chart.

[The Sage]

OK . . if you say so.

Market Summary > ETF S SOLUTIONS/U S GLB JETS ETF
NYSEARCA: JETS
15.31 USD +1.61 (11.75%)

[BodieGhost]

Casino's? Ehhh, truth is, when the economy is hitting the crapper, people do get desperate and gamble more, fact. And, it is an addiction thing, pent up for sure, so who knows, right? They recovered great next time, but question is, are we heading towards recession, or away from it. Is disposable income increasing, or decreasing. I think people are getting tight with their money, and that's true for election year as well. Hunt for a bottom?

Marathon just posted 9.2 billion loss and temporarily shut down some production, nice spike from 20 back to 35 though, trend is definitely up, and if they sort out some cost savings, more likely than not, uppity up, up, up, along with gas prices.

All speculation on my part folks, not a wiz, just quick analysis is all.

I looked into several gaming stocks and, of course, all of them got hammered. I figured MGM was the most stable of the bunch. While the whole market moved up pretty good on Monday, MGM stock got an 11% boost.

Marathon should benefit from more demand for gasoline, since their business is all about refining and retailing. On Monday the stock took a nice 3.5% jump.