3SOF

My pick for the third contest is TMTA.  Good MACD with solid bounce off of 200 dma a couple weeks ago and a break of the 50 dma and a descending wedge.  Also had a golden cross a few months ago.  Has solid support at 1.40 and 1.25 and little resistance until 1.80 or 1.85.  Some solid volume recently.  Good upward movement over past few weeks with no earnings to ruin it.  Recent news has been neutral and fundamentals are improving with very little debt.  Hoping the trend continues and looking for a move towards 1.80 during the next month before any pull back.

I dont know what happened but I posted my pick : MPET and nothing was posted, so here I go again.

My pick is MPET: Magellan Petroeum Company. It has to be OIL; consider BMD again after 60 minutes tonight, and NENG my last pick which would have put me into Top 3 if I had one more week, but for rocket fuel I pick MPET this time.

MPET is:

Magellan Petroleum Corporation engages in the exploration, development, production, and sale of oil and gas reserves. The company, through its subsidiary, Magellan Petroleum Australia Limited, owns interest in various properties, including Mereenie Oil and Gas Field, Palm Valley Gas Field, Nockatunga Oil Fields, Dingo Gas Field, Browse Basin, Maryborough Basin, and Cooper/Eromanga Basin in Australia. It also holds interest in various oil and gas properties in New Zealand and the United Kingdom. In addition, the company has a 2.67% direct interest in the Kotaneelee gas field in the Yukon Territory of Canada. Magellan Petroleum Corporation was incorporated in 1957 and is based in Hartford, Connecticut.

MPET owns 55% of MAG in Australia; MAG owns 30% of Udacha JV which is closing in on 2.3 NEW miilion barrels of oil any day. Udacha drilling is to 2775 m, and they are at 2188mm tonight. If this hits big it will be int he next few days (may even be tonight so I may be to late by the AM as opening wil pop), but given the oild situation I have to go with this, I expect to get to $3 this week and $4 before contest end to break out over July 2005 highs. Also, largest volume since ept 2005 on Friday with sharp move up to close at 2.23, up .31 on Friday. The chart speaks for itself.

My Pick: BDCO

Name:    BLUE DOLPHIN ENERGY COMPANY

Reason:  BDCO is in the business of oil & gas and I would say is highly speculative, so this selection is purely technical.  Since october has a major descending trend line which broke on jan. 17.  And is doing a minor uptrend during this year.  Last friday had a great 8.66 % move with important volume (I hope that tomorrow the open price be with gap down  ).  The MACD is ready to cross the Zero line and the EMA (13) was crossed too.  Also the 1 year chart is showing a symetric triangle almost ready for a better break out.


See the 6 and 3 months charts:


                                                              PD.......  Excuses because my english is not very good

TXCC
TranSwitch Corporation designs, develops, markets and supports highly integrated digital and mixed-signal semiconductor solutions for the telecommunications and data communications markets. The company's mixed-signal and digital design capability, in conjunction with its telecommunications systems expertise, enables the company to determine and implement optimal combinations of design elements for desired analog and digital functionality.

I am jumping on the same horse again. Similar to the last time I picked it, it has rising bottoms, higher lows with volume support. This indicates that the optimism is still there. It has again broken through a small rising wedge and with the pull back on Friday it should be a better buy point than Dec 12 was. Majour resistance at $2.01. The earnings and conference call comes on Jan 25th. Hopfully it is all green lights and it goes throught that resistance and on to last Junes highs of $2.50. Or dare I dream higher??

In real life I would never buy 2 days before earnings, learnt that leason long ago. But in this contest you have to go for the fences. Too many good chartwatchers out there.

Good Luck

My pick is WGATE

I'm bottom fishing with this one. The chart shows a triple bottom. That could mean right here and now is a good entry point. The chart also shows a descending triangle, so it might be safer to wait for a close above the descending trendline. However, I don't have the luxury of waiting since I have to submit a pick before the open tomorrow! The last two times WGAT fell to this level the stock rallied hard, so I'm placing my bet it happens again.

The 'E' at the end of WGAT's ticker is because they haven't filed their Sept 30 10-Q. I hope they get their filings in order in the next month, as that could boost the stock price and help me in this contest.

WorldGate Communications, Inc. (WGAT) engages in the development, manufacture, and distribution of video phones for personal and business use. The company primarily offers Ojo video phone, which is useful for video calls, ordinary voice only calls, as well as voice over Internet protocol calls.

Other stocks I considered for this edition of the contest: UDRL, DOC, CUP, TIII

My Pick:  HANS

Reason:  Hanson Natural Corp has been a stock on fire for a long time.  In fact, the long term chart shows that it has gone vertical!  Accelerated revenue growth and other strong fundamentals have kept people coming to the stock even through downturns in the market.  Even Friday saw only a 1.3% decline in the stock while the broader markest sold off.  I also looked at TIII but picked HANS because of the continued outstanding revenue growth, the fact that they report earnings during the contest and the high short interest which should result in a nice squeeze play before contest end.  The last time this broke $100/sh it consolidated for a couple of months so this may not be on fire for a week or 2 but I'm counting on a kick early to mid February as earnings release approaches.

Avanex Corp.  (AVNX)

My Pick is Avanex - after a very strong run in December when the share price more than doubled, and had a brief spell on 3SOF for a good run, AVNX gave up a chunk of its gains after announcing at the beginning of Jan that Q2 revenues would be below expectations.  Since this announcement AVNX has been trading within a 1.00-1.20 range - I think that this news is now priced in, and should not provide any seriously bad surprises.  AVNX is a turnaround play in a strong industry - just look at recent moves by competitors such as JDSU - with expectations of losses decreasing over the next few quarters and achieving profitability by the end of the year.  There were previously some concerns about delisting from the NASDAQ due to the share price dropping below $1, but I see solid suppport around $1, so not too much downside risk.  I wouldn't be surprised to see AVNX break 1.20 again in the coming month and make a run towards recent highs just below 1.50.

IPIX    IPIX Corporation

This used to be named Internet Pictures - they make software and sell cameras for the real estate market to do virtual tours of homes and for the security market. They are not making a profit yet and this is a technical play as it has broken out of a 6-month downtrend after showing positive MACD divergence for three months. This was all set up but broke a little too soon for contest but has pulled back so lets give it a try.

Last Thursday when bin Laden released his tape stocks like this and TBUS made a big day trade gain and that is not really good for the chart as when the day traders exit the stock drops. They stock made its first target in just 2 days because of this so got oversold fast. Perhaps in the month it will have time to consolidate and make a new move to the first target and maybe a break higher.

At the moment the stochastics are above 80 and RSI hit 70 so was overbought. If buying it for your own account see how this consolidation behaves and note support now at about $2.

1) UMC   UNITED MICROELECTRONICS

2) United Microelectronics Corporation operates as a semiconductor foundry in Taiwan. It manufactures integrated circuits for fabless design companies, integrated device manufacturers, and system companies operating in various industries, such as communication, consumer electronics, computer, and memory.

Reason for pick:
Volume steadily increasing.
Uptrend since making a bottom in late October.
Two tries at breaking through 200 day ma - third time should be a "charm".
Slow stochastics show it 80% oversold therefore good entry point.
20-Jan-06   Goldman Sachs   Upgrade from In-Line   to Outperform
Semiconductor sector should strenghthen and the big two Taiwan companies are undervalued here.

1) Analyst's Intl. Corp.   (ANLY)

2) I believe analyst has reached a solid base with good growth potential from here. They have just fallen this summer after a failed merger attempt and are in the process of regaining some footing. The industry is in a good position for consolidation and Analyst has had a relatively strong history.

3) Chart

My pick: DYN

Reasons: Uptrend,Will break its 52 week high, RSI bullish, huge volume and that its winter now and energy prices will not be falling.

About the company:

Dynegy, Inc., a holding company, engages in the power generation and natural gas liquids businesses principally in the United States. The company produces and sells electric power and related products and services, including capacity, into real-time and day-ahead markets, as well as on a forward basis. It provides wholesale power to utilities, cooperatives, municipalities, and commercial and industrial customers. Dynegy gathers and processes natural gas, and fractionates, stores, transports, and markets natural gas liquids. As of December 31, 2004, it owned interests in 17 gas processing plants, including 11 plants it operated. The company also operated approximately 9,385 miles of natural gas gathering pipeline systems, as of the above date. Its distribution and marketing services include refinery services and wholesale propane marketing, as well as purchasing mixed natural gas liquids and natural gas liquids products from natural gas liquids producers and other sources and selling the natural gas liquids products to petrochemical manufacturers, refineries, and other marketing and retail companies. Dynegy was founded in 1985 and is based in Houston, Texas.

My pick: DIET

Explanation: DIET and NTRI were basically equal size competitors 6 months ago. At that time NTRI initiated a food delivery service and revenues increased almost 5 fold (the stock price rose about 4 fold). At the 5th of January 2006 DIET also started its food delivery service and I believe it will achieve about the same results as NTRI, or better.

Technically, the stock is enjoying an ascending trend. DIET is my pick for the Stock Picking Contest, wish me luck 

NEXM - NexMed

This stock has reached a double bottom and seems to be bouncing back.  It has been in a descending trend for about 4 months now.  And now it is making a comeback.  Recently announced on Jan 12 that it just named a new CEO.  I guess ppl are looking for a turnaround.  I expect it to continue to break out of a descending wedge.  VOlume has really picked up over the last few days to give it some momentum.

Profile. - NexMed, Inc., a pharmaceutical and medical technology company, engages in the design, development, manufacture, and commercialization of therapeutic products based on proprietary delivery systems

SCU (Storm Cat Energy)

Storm Cat is a fundamental play, which I believe is going to rise sharply as the price of natural gas sky rockets, and we realize that there is a significant supply problem.

The Company:

The company is focused on Coal Bed Methane (CBM), a gas derivative of coalfields. This provides an alternative method of getting natural gas, and should get a lot of attention as the natural gas crisis unfolds.

Storm Cat has an all star management lineup, and I truly believe that they are dedicated to seeing Storm Cat emerge as a significant player in the natural resources arena.

From the company website:  http://www.stormcatenergy.com

Storm Cat Energy is a rapidly growing exploration company focusing on developing unconventional natural gas reserves globally. Our mission is to create value for our shareholders by applying strong technical expertise to strategies that will unlock substantial natural gas resources in areas where production can be achieved quickly and efficiently.

Storm Cat Energy Corporation was founded expressly for recovering liquid and gaseous hydrocarbons from unconventional reservoirs. By definition, these tight sandstones, coal seams, and organic rich shales need artificial stimulation in order to produce economic quantities of petroleum. Importantly, these reservoirs have been neglected in many parts of the world for decades. Consequently, numerous and substantial business opportunities exist as many companies do not have adequate knowledge in order to cope with unconventional reservoir behavior. These unconventional hydrocarbon sources require extensive technical knowledge from both geological and engineering perspectives, and by careful design, Storm Cat has assembled a technical team second-to-none in, at least, North American petroleum circles.

Storm Cat's technical program is and always has been threefold;  1 - acquire low-risk producing properties in already-proven unconventional reservoir regions for much-needed cash flow, 
2 - participate/operate in moderate risk endeavors, in which, by definition, chances are good for ultimate success, and 
3 - initiate higher risk, high-reward projects for purposes of exponential company growth, starting with our recent and exciting new CBM contract with the Petroleum Authority of Mongolia. 

We are pleased the low and medium risk endeavors are being avidly pursued especially in terms of outright purchase of producing properties, or in forming a joint venture with other companies. The low risk program is being pursued within the continental United States, where unconventional production is already well-established from coal seams (coalbed methane) or is growing rapidly in terms of gas shale recovery. While the purchase price of these properties remains high due to the current petroleum demand and concomitant pricing, Storm Cat has a great deal to offer in terms of technical help for potential partner companies not possessing the same degree of expertise.

Storm Cat staff has targeted moderate risk opportunities in western Canada where several companies possess significant acreage holdings in Alberta and British Columbia, but again, have a very inadequate background in comprehension of these complex reservoir types. Storm Cat's Calgary office is approaching several such companies currently, and we expect to finalize one or more formal agreements shortly.

Management's objective is to create value for shareholders through a focused strategy of acquiring large scale undeveloped unconventional gas properties and applying state of the art technologies in view of establishing significant long term resource base of natural gas. Importantly, one of management's goals is to operate obtain one of the industry's lowest and most efficient cost structures.
Further, Storm Cat's corporate strategy is to focus on enhancing the value of quality exploration properties with a view to joint venturing certain properties to third party companies. Joint ventures will be utilized to increase our exposure to success, but only at the optimal time so as to maximize shareholder value.
The financial statements of the company are available on the website sedar.com, a website developed by the Canadian Depository for Securities to make public securities filings easily accessible.









   

14   Stock Picking Contest / The Stock Picking Contest / Re: Post your pick HERE (2nd Edition)  on: December 12, 2005, 08:49:06 AM 
SCU (Storm Cat Energy)

Storm Cat is a fundamental play, which I believe is going to rise sharply as the price of natural gas sky rockets, and we realize that there is a significant supply problem.

The Company:

The company is focused on Coal Bed Methane (CBM), a gas derivative of coalfields. This provides an alternative method of getting natural gas, and should get a lot of attention as the natural gas crisis unfolds.

Storm Cat has an all star management lineup, and I truly believe that they are dedicated to seeing Storm Cat emerge as a significant player in the natural resources arena.

From the company website:  http://www.stormcatenergy.com

Storm Cat Energy is a rapidly growing exploration company focusing on developing unconventional natural gas reserves globally. Our mission is to create value for our shareholders by applying strong technical expertise to strategies that will unlock substantial natural gas resources in areas where production can be achieved quickly and efficiently.

Storm Cat Energy Corporation was founded expressly for recovering liquid and gaseous hydrocarbons from unconventional reservoirs. By definition, these tight sandstones, coal seams, and organic rich shales need artificial stimulation in order to produce economic quantities of petroleum. Importantly, these reservoirs have been neglected in many parts of the world for decades. Consequently, numerous and substantial business opportunities exist as many companies do not have adequate knowledge in order to cope with unconventional reservoir behavior. These unconventional hydrocarbon sources require extensive technical knowledge from both geological and engineering perspectives, and by careful design, Storm Cat has assembled a technical team second-to-none in, at least, North American petroleum circles.

Storm Cat's technical program is and always has been threefold;  1 - acquire low-risk producing properties in already-proven unconventional reservoir regions for much-needed cash flow, 
2 - participate/operate in moderate risk endeavors, in which, by definition, chances are good for ultimate success, and 
3 - initiate higher risk, high-reward projects for purposes of exponential company growth, starting with our recent and exciting new CBM contract with the Petroleum Authority of Mongolia. 

We are pleased the low and medium risk endeavors are being avidly pursued especially in terms of outright purchase of producing properties, or in forming a joint venture with other companies. The low risk program is being pursued within the continental United States, where unconventional production is already well-established from coal seams (coalbed methane) or is growing rapidly in terms of gas shale recovery. While the purchase price of these properties remains high due to the current petroleum demand and concomitant pricing, Storm Cat has a great deal to offer in terms of technical help for potential partner companies not possessing the same degree of expertise.

Storm Cat staff has targeted moderate risk opportunities in western Canada where several companies possess significant acreage holdings in Alberta and British Columbia, but again, have a very inadequate background in comprehension of these complex reservoir types. Storm Cat's Calgary office is approaching several such companies currently, and we expect to finalize one or more formal agreements shortly.

Management's objective is to create value for shareholders through a focused strategy of acquiring large scale undeveloped unconventional gas properties and applying state of the art technologies in view of establishing significant long term resource base of natural gas. Importantly, one of management's goals is to operate obtain one of the industry's lowest and most efficient cost structures.
Further, Storm Cat's corporate strategy is to focus on enhancing the value of quality exploration properties with a view to joint venturing certain properties to third party companies. Joint ventures will be utilized to increase our exposure to success, but only at the optimal time so as to maximize shareholder value.
The financial statements of the company are available on the website sedar.com, a website developed by the Canadian Depository for Securities to make public securities filings easily accessible.