ForecastS.Com

Terra Industries: An Interesting Fertilizer Play

An upswing to retest $122 resistance is probable. But in any event a down swing to $110 is expected in the next several days. Therefore, this is a bearish quick trade of about $10 to $12 in expected profit, depending on where you short it.

It is likely that TNH will dip below $110 to about $106 or somewhat lower, which would make the profit as large as $16 on the short side. However, I'll be conservative and simply be satisfied with a major portion of the short-term down swing, and leave a little on the table.

I also consulted the forecast for TNH provided by ForecastS.com, but the extra interpretation and the target price are also the result of my own review of the price chart for TNH.

Wednesday Outlook: Bulls Storm In

Today (July 8, 2008)’s Last Two Hours’ Rally

What a prudent trader looks for are extreme values before putting in his trades. But the market does not always oblige by steadily heading towards those extreme values, positive or negative.

The readings in SPY and QQQQ were mildly positive as of yesterday, July 7, 2008. It would have been better if there were no rally during the last two hours today, if a stronger, more sustainable rally is to become more likely.

As it is, we now have a premature rally, that began during the last two hours of today’s trading. This also means that the movement will likely be limited before a re-test of the recent low ensues.

Cowen Slams Goldman on Radio Stocks Analysis

Here are the latest updates on SIRI & XMSR.

SIRI is behaving normally in that as price dips, the expected future upside price movement gets greater.

Not so for XMSR, which deteriorates as its price dips.

This suggests artificial interference of a bearish nature in XMSR. Both stocks are being kept down by external factors as technically some rebound, though modest, is likely once the pressure lifts. The probable amount of price movement and its percentage is projected as indicated. Given that they are positive, and readings are reasonably high, it would seem imprudent to be short or maintain short positions in them. FYI only, not recommendations or advice.

FORECASTS ON TICKER SYMBOL: SIRI


SYMBOL, DATE, PRICE, FORECAST, PERCENT
SIRI, 20080623, 1.9300, 0.2234, 11.6
SIRI, 20080620, 2.0300, 0.2103, 10.4
SIRI, 20080619, 2.1000, 0.2289, 10.9
SIRI, 20080618, 2.4400, 0.0430, 1.8
SIRI, 20080617, 2.5200, -0.0914, -3.6
SIRI, 20080616, 2.6200, -0.1172, -4.5
SIRI, 20080613, 2.5300, -0.0018, -0.1
SIRI, 20080612, 2.4000, 0.0824, 3.4


FORECASTS ON TICKER SYMBOL: XMSR


SYMBOL, DATE, PRICE, FORECAST, PERCENT
XMSR, 20080623, 8.1000, 0.9334, 11.5
XMSR, 20080620, 8.4300, 1.0811, 12.8
XMSR, 20080619, 8.5200, 1.2880, 15.1
XMSR, 20080618, 10.2500, 0.3610, 3.5
XMSR, 20080617, 10.8100, -0.3111, -2.9
XMSR, 20080616, 11.2700, -0.3645, -3.2
XMSR, 20080613, 10.7100, 0.1374, 1.3
XMSR, 20080612, 10.2000, 0.4760, 4.7

Source: ForecastS.Com

EOG Resources: Continue to Buy on Pullbacks

There appears to be some mild resistance to upside movement around $133, at least that's what our latest price forecasts suggest. Whether EOG will break above it short-term, remains to be seen.


FORECASTS ON TICKER SYMBOL: EOG

SYMBOL, DATE, PRICE, FORECAST, PERCENT
EOG, 20080620, 130.5143, 1.3677, 1.0
EOG, 20080619, 130.3000, -0.3259, -0.3
EOG, 20080618, 133.2000, -1.8628, -1.4
EOG, 20080617, 132.3100, -2.2426, -1.7
EOG, 20080616, 129.5100, -0.6955, -0.5
EOG, 20080613, 130.3100, -1.1528, -0.9
EOG, 20080612, 128.5800, 2.8534, 2.2
EOG, 20080611, 128.3900, 0.4492, 0.3
EOG, 20080610, 128.2700, 2.5286, 2.0
EOG, 20080609, 131.8900, -4.9710, -3.8
EOG, 20080606, 128.8100, -2.3114, -1.8
EOG, 20080605, 131.2900, -1.4545, -1.1
EOG, 20080604, 124.0900, 4.5426, 3.7
EOG, 20080603, 124.0700, 6.0884, 4.9
EOG, 20080602, 127.3400, 7.8633, 6.2
EOG, 20080530, 127.8776, 6.1919, 4.8

Source: Http://ForecastS.Com

Hershey's House of Pain - Cramer's Lightning Round (6/19/08)

Out of curiosity, I took a look at ACAS.

The stock is NOT bearish, but mildly bullish.

The near-term upside is about 3%, or 2,8% to be more exact.

See: ForecastS.Com

Personally, I think it is unlikely to be profitable selling or selling short ACAS at its current price levels.

But obviously, Cramer doesn't know that.

Cowen Slams Goldman on Radio Stocks Analysis

Moving forward in time, it seems obvious that Tom Watts will win.

See: http//Forecasts.com