3SOF

RIGL- RIGL Pharmeceuticals.
This stock is a drop shoe.  A drop shoe is a stock that has good fund backing, that is punished mercilessly on some bad news.  RIGL reported recently that one of its products was not going to be one that would be brought into production.  The stock then went from 21.92 to a low of 7.43.  That is a drop of 14.49.  Now multiply 14.49 by 25% and you get 3.62.  Add 3.62 to the low of 7.43 and you get a one month target of 11.05.  That is a return of 35% from today's price of 8.20 a share...I'll take 35% in a month.
You need to remember that this is a drug company that has a lot of products in the pipeline.  This is not a one product company.  If you look at who is doing the speaking for the company this week, it is a Harvard professor.  I wouldn't write this stock off.  It has been overdone.  Let's go long and reap a return of 35%.


TATRADER  16% return last month, and hopefully we will double that return this month!


http://stockcharts.com/def/servlet/SC.web?c=rigl

I have been an Honors member for sometime.  I followed the guidelines of the contest in submitting my pick.   When I read the rule about number of posts(Rule 4), I took that to mean subscribers who do not have a paid membership.  Those individuals have to have at least 20 posts....Honors members are exempt from number of posts, correct?
I post rarely on threads, just gain data, and move on from there....

Now when I read Rule 4, I am thinking that I had to post at least 20 posts to be legit.  Ramsburg, tell me, I read the rule correctly the first time.  Honors members will not be punished, will they for lack of posts?

TATRADER


Rule #04 – Only Honours Members (subscribers) and Registered members with more than 20 posts published to date are eligible to play this contest.
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My pick for the contest is SYNC.  I am a technical trader so I do not follow fundamentals.  If you look at a 2 year chart you have a cupN handle pattern here, with the base of the cup at 2.50 and the handle hanging out in the 4.50-4.75 area.  I am looking for the stock to break the handle in the next month and proceed to my $6.50 target area.  The stock has moved up in the past on good volume and decreased in price on low volume. It recently came back and tested the 50 day, and bounced off of it to the upside nicely.  Note that the first retracement on the handle was to the 4.00 area, while the last one was to the 4.30 area, so we are losing strength on the pullbacks and preparing for the real launch from the handle.

Not sure on how to post the chart here, but you can find it at:

http://stockcharts.com/def/servlet/SC.web?c=sync


Tatrader
from Silicon