Very good fundamentals:
http://finance.yahoo.com/q/ks?s=MED
Another NTRI in the making. I've been "pumping" it since I learned about it on July 6th.
Ram
Well done Ram. Applaud. I rode NSI for awhile and did quite well, but got antsy and left it too soon. You are absolutely correct- this could very well be another Nutrisystem. I'm in on the first pullback. Fundamentals are superb. All the best.
Irish
I was done trading NSI when it went above $6, and turned out to be dead wrong.
MED is a long haul buy. Look at WFMI's AH rally. This is the right stock in the right sector. My prediction is that more KKD shorts will take their profits (since it's now dead) and look into these healthy food stocks.
Ram
MED is in the same sector as NTRI and DIET. MED is the stock David should have picked on January 9 when he picked DIET for the 3Stocks portfolio. It would be a 3-bagger now. Got a big gap up and heavy volume after reporting Q1 earnings. MED is executing on its meal service plan the way we hoped that other stock would.
Ascending triangle on the intraday chart. Buy a breakout at $17.
O5/19/06
Don't wait for your "ship to come in" and feel angry and cheated when it doesn't. Get going with something small – Irene Kassorla, psychologist
Well, my ship did not come in today, but the upturn in the market in the afternoon was nice to see. It was also an opportunity to get rid of some of the slacker stocks that I have been reluctant to dump. And I will be especially careful when replacing them.
IFO was down over a dollar and finished up a bit – a very good sign for that stock. I can see this as a big winner in the coming months. Please put it on your watch list.
http://finance.yahoo.com/q?s=IFO
Another stock which was on shaky ground yesterday was MED. It was hit yesterday by a large insider sale at the end of the day. MED also fell hard in the morning but showed strength at the close – finishing the day over 15 – actually over 16! This should be in the IBD 100 and hopefully get a boost.
http://finance.yahoo.com/q?s=med
DXPE made a nice comeback from a bad drop and HANS had a nice gain so I would suspect that these would still be #1 & #2.
http://finance.yahoo.com/q?s=dxpe
TIE, the top titanium producer announced a massive insider buy – this with the recovering market, pushed it up $4. I picked some up near $33. It is a quality stock at a reasonable price. http://finance.yahoo.com/q?s=tie
Much of the portfolio finished in the green, but I am not totally sold on the recovery. Miners have a big climb back. CWPC made a nice move, and COGO followed through today. XTHN and TTM are still getting beaten to a pulp.
I still did not jump back into the Ethanol stocks yet. Here is an informative article on the subject: http://biz.yahoo.com/bizwk/060519/tc20060519225336.html?.v=1
It should be a good weekend – I am headed to the Yankees/Mets on Saturday. It is the hottest ticket in NY. It should be a great game as both teams are in first place. I hope you have a great weekend too.
XXOO
Snowy
The most exciting diet stock since NTRI.
Great chart, Great numbers, under $20 and on the IBD 100.
This is on the Snowcat Hot stock list for the past two months. Yow!!!
http://finance.yahoo.com/q?s=med
Take a moment to look at it. You will be glad you did!
StockLemon is taking on MED now. Time to short.
http://www.stocklemon.com/06_22_06.html
MED featured in Stocklemon! Down bad!
June 22, 2006
Stocklemon Reports on Medifast
The Real "Skinny" on Medifast (AMEX:MED)
Medifast has become a darling of the market over the past 6 month, but it seems like investors should be looking beyond the headlines and get the real "skinny" on Medifast. It is the opinion of Stocklemon, that Medifast has become grossly overvalued as they have not returned as much money to shareholders as they have to insiders. Valuation On Monday of this week, Nestle announced their purchase of Jenny Craig for $600 million.
MED was $4 when I bought it for the first time. That day was the London subway bombing day.
I let go MED way too soon the same way I did in the case of NTRI (or formerly NSI).
Ram
My Opinion - you will get a reaction bounce up today - I'm targeting $18 +
Then I'll short this back down
med rebounding, but be careful - it could be a short squeeze - bring the price up again and then drag it down.
HSR MIGHT make a run for it today as it looks like it will close above 15 - then fall on Monday as COGO and many others have that made the ibd 100.
The good earnings by HSR may keep it there on the other hand.
Quote from: KCScott on June 23, 2006, 10:14:58 AM
My Opinion - you will get a reaction bounce up today - I'm targeting $18 +
Then I'll short this back down
My opinion is to stay away from it for now. Avoid uncertainties at "all cost." ;)
Ram
Quote from: KCScott on June 23, 2006, 10:14:58 AM
My Opinion - you will get a reaction bounce up today - I'm targeting $18 +
Then I'll short this back down
My opinion is to stay away from it for now. Avoid uncertainties at "all cost." ;)
Ram
Here are some interesting items from "Stocklemonaid".
It seems that HOM and MED which were "outed" by Stocklemon. have the same market makers. Something fishy is going on! Also, the publisher of Stocklemon is a pretty shady dude!
http://stocklemonaide.blogspot.com/
I sent this poorly written letter to the SEC and and AMEX.
Sirs
AMEX stocks, MED and HOM, were both featured in an online investigative reporting site, "Stocklemon", which reports on "stocks with troubles brewing". After the reports, the stocks took big drops:
http://finance.yahoo.com/q/bc?s=MED&t=3m&l=on&z=m&q=l&c=hom
The interesting thing is that these are both AMEX stocks and they both have the same market maker.
I think there may be some improper trading going on with the market maker of the stocks and "Stocklemon". I think you will find other curious patterns too.
If someone gambles on the stock market and loses some money based on market conditions, that is one thing. If the stocks are being manipulated just so a few people can make some money, I think this should be looked into.
Here is some information on the market maker for these stocks:
http://stocklemonaide.blogspot.com/
Thank you,
Snowy
You should send one too, you are not doing anything today anyway!
This is the address for SEC complaints:
http://www.sec.gov/complaint.shtml
AMEX:
[email protected] If someone is manipulating the market after I research and invest in a stock, either I want in or I'm gonna report them.
You should report them too! No one is gonna make Snowcat look bad but Snowcat!!
Wait! What if this is a manipulation too! - I write a letter to the SEC, they prove that Stocklemon is a bunch of leaky scumbags, they throw the lot in jail and MED soars!
After I sold it! I am playing right into their boney hands. Damn!
I must write another letter! This time to the president of 3SOF, Dick Trickle!
up 10% - could be a suckers ralley bouncing off the 50 dma
volume is good.
http://finance.yahoo.com/q/ecn?s=MED
MED took a dive on concerns that it may costs to get new clients will be increasing.
The stock is down 30% today and down huge from its high. At this price it looks very attractive and may be good for a point or two.
http://finance.yahoo.com/q/ecn?s=MED
MED is very attractive at this price. It fell because for the 1st time it did not have double digit growth. The market stinx and it is still a good stock. People are still mostly fat slobs. I am suggesting a bill in Congress that bans the sale of XL bikinis in America.
The stock is headed to the NYSE which should give it some added exposure. The AMEX is manipulated and run by a bunch of bikini wearing fat people.
http://biz.yahoo.com/bizj/060815/1331302.html?.v=1
Also check out RTK.............
Lucas posted early this year that MED may have been a better pick than DIET in this sector and he was right at that time. Looks like it may be making some more noise! ;D >:D ;D
Medifast reported a great quarter last week and the stock has responded to the upside.
Medifast 3Q profits double (http://biz.yahoo.com/bizj/061115/1376500.html?.v=1)
Technically the stock is breaking out all over the place and financials look pretty good. I'll just leave the chart for now and try to post some financial information over the weekend. I apologize for the clutter in the chart but there is a lot to show.
Another nice move on MED today and against the direction of the markets. Gapped up to the 200ma, ran and then pulled back to close up nicely and on high volume.
Been doing some nice trades on MED. Could be ready for another move up with support from both the 20 and 200ma right here...
MED is moving again today.
By the way, Stocklemon did a 360 on MED after the stock got cut in half to $11 last year. The only stock I've ever seen them do a retraction on. Here's what they said;
http://www.stocklemon.com/08_24_06.html
MED looks like it's trying to make a move today.
$7.54 now.
http://stockcharts.com/h-sc/ui?s=MED&p=D&b=5&g=0&id=p72402598906
I'm really disappointed. Part of the reason I really liked this site was because of the friendliness and apparent willingness for people to help each other for a common goal. I've been trying to contribute as much as I can here lately, sans tech analysis, but apparently it has very little worth. Seems that unless you're a tech guru, you're pretty darn low on the totem pole.
My wife has been saying that I've been spending too much time here and I tend to agree. Almost all my posts go without any response at all, and simple requests for help or opinion almost always are unanswered, unless I specifically pressure certain people. Seems I've been doing pretty darn well on my own anyway. So I've decided to quit wasting board space and my own time, and go back to relying on my tech books to hopefully learn my answers.
Some day maybe I'll become more tech savvy and again attempt to become part of the clique here. Until then, talk at ya later and good luck y'all.
Nice find there BigSully,MED looking better today.I know what you mean about being reminded about spending too much time on studying the charts,I have that same situation as well.Books are an excellent resource provided they are written by a reputable author.Stockfetcher has some interesting scanning tools as well for picking up ideas.Hang in there,some post may not get feedback for whatever reason but more than likely they are being viewed.I'll try to look for your post when I log on to see what stocks your finding.Good luck!
I appreciate that Traderjbr. I inadvertently posted that message on this board. Meant to post on the NSTC board. Was some frustrated about a few questions on some of the stocks I've been posting about that seem to always go unanswered or even noticed. I'm largely over that frustration now.
Thanks for the response on MED. I do understand that this one is only looking better, but still not so great technically, at least not yet.
I do need to spend a little less time here though. Trading is not all that easy of a job for me. Thanks.
http://stockcharts.com/h-sc/ui?s=MED&p=D&b=5&g=0&id=p79118362987
"MED" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders. ;D
All history on a stock pick in 1 thread is awesome. ;)
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock. :( ::)
Thank You....and good luck with all your trades....make some $$$ ;)
I will leave you today's closing while I'm in this thread.......
another very nice candle for MED today.
I'm actually giving their 1-month diet a try - $220 for 143 "meals" that I will start in a couple of weeks.
Not that I need to lose weight. I'm just too lazy to eat in this hot and humid summer.
Another very good day for MED. I'll probably sell tommorrow and let cool off.
sold @ $9.05 for 43% gain. Needs to cool down some.
Might of sold too early, still I'm happy. Made an attempt to break through the 200MA. Volume still strong.
Update
http://stockcharts.com/h-sc/ui?s=MED&p=D&b=5&g=0&id=p70330383129
MED still struggling with the 200 dma. I think it should soon break out to higher levels. I'm back in.
http://stockcharts.com/h-sc/ui?s=MED&p=D&b=5&g=0&id=p59191861522
Trading very tight and closed today just above the 200MA. Will it break out soon or is it destined to breakdown like so many others? My money thinks it will very soon break out.
http://stockcharts.com/h-sc/ui?s=MED&p=D&b=5&g=0&id=p59191861522