NFLX Possible Double Bottom Reversal?

NFLX chart from Freestockcharts.com

Today NFLX (Netflix) had a really great day, it traded as low as $72.49, as high as $78.39 and closed at $77.38. That's a pretty good pop if you ask me. Now we all know this stock hasn't been given any love and has been declining for the last year. In the chart you can see the Stochastics, MACD and RSI  are just about crossing to the upside, meaning this stock can move up even higher soon. Another thing that strikes me about NFLX is the fact that it just did a double bottom. I know that it's not a perfectly straight line as it should be to have a confirmed double bottom, but it's pretty close. All this means is that this stock could reach the mid hundreds soon and that's obviously a good thing! Only thing that concerns me is the Bollinger Bands and the Parabolic SAR, they both still say downtrend to me. Other than that, this stock is looking ready to buy. 

This could be the turn around for this stock to get it back on its path to $300. Let's not get too crazy though, for the short term we can see a future conservative stock price of $100 and a riskier price of $150. Good luck and happy trading!

What do you think, can Netflix turn their business back around?


New article on stock ticker symbol NVDA.
New article on stock ticker symbol LVS.
New article on stock ticker symbol LUXR.
New article on stock ticker symbol AMRN.
New article on stock ticker symbol OC.


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OC Good Entry Point

Chart provided by http://www.freestockcharts.com

OC (Owens Corning) specializes in glass fiber material and makes homes more energy efficient. OC has come down to the lower trend line on May 9th and may turn the current stock price to the upside. It has been consolidating for the past two weeks and the bollinger bands are starting to look too skinny. They need to widen out a bit, meaning the stock price should go higher. The Parabolic SARs claim there is a current uptrend present. Stochastics, MACD and RSI aren't showing oversold levels yet, they are at their mid point. With the confirmed lower trend line present, we can expect a bounce off of it, with the stock price reaching as high as $40. This is still a risky play, I would much rather see Stochastics and MACD line up with the lower trend line. But if we see a cross in Stochastics and MACD within the next two trading days, I would say we have a confirmed a price rise towards $40.

Estimates from Fidelity.com

From the Fidelity.com estimates page for OC we can see that Owens Corning earnings are bouncing up and down each quarter. Estimates for the next quarter have them at $0.68 per share. On 10/26/11 their earnings were $0.90 per share, increasing the price from $27.24 to as high as $31.29; in one day! Owens Corning is expected to announce its earnings for Q2 on August 1st. Before then we can expect a nice pop in the price of this stock. House sales are still not where they used to be, but OC has got the product for new home builders. At $33.15 OC is a cheap stock and is a great play.

Let me know what you think about OC. Do you think the housing market will pick back up in 2012 or will it  continue to decline?

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LVS Stock Analysis and Outlook

LVS (Las Vegas Sands) owns and operates casinos in the United States, Macau, and Singapore. When I first researched this stock back in 2010 it was only in the $20s, now it's trading at $52.20. Quite a great investment if you got in back in 2010. But is it still a good stock to get into now? Let's check out the chart below.

LVS chart from www.freestockcharts.com

With the lower trend line we can expect this stock to come down another $4 to the $48 level. According to the Parabolic SAR, this stock is still heading down to a lower price. Parabolic SARs are the white dots above and below the stock price. When the dots are above the price, the stock is in a down trend, when dots are below the stock is in a strong uptrend. The Stochastics, MACD and RSI all indicate this stock is oversold and is ready for more buyers to come in. Stochastics and RSI both show lines moving horizontal and almost turning to the upside, which is a good sign this stock might be ready to head higher. MACD is just about horizontal and may turn soon. When trend lines and indicators all match up, that is your best bet for a great entry point to go long. The trend line is not really set in stone just yet, but if it touches that lower area and turns to the upside along with the indicators, then we have a confirmed trend line set. Also, the 200-day moving average is near the bottom trend line. A $4 drop in price from the current price is a long way and could take a few more days, but if we have confirmation of a turn around with the indicators, then it would be a great time to get in this stock. The near term price of this stock could reach the mid $60s.

LVS has exceeded estimated earnings for the passed 2 years, not including Q1 in 2011, where it missed estimates. Additionally it boosted its revenue to $2.76 billion from prior years earnings, that's a 31% increase from last year. 

What do you think, will it head higher or will 2012 be a bad year for the casino business?

New article, is LUXR just another Penny Stock or is it a great investment?

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Is LUXR a great Investment or just another Penny Stock?

All I've been hearing lately is get into "Flash Sales Site" stocks such as AMZN (Amazon) or LUXR (LuxeYard). AMZN is way too expensive, but it's a really great company. LUXR is a really cheap stock, but is it really a great company to invest in? If you haven't heard, LuxeYard is a new members-only site offering customers cheap deals on luxury home items. In fact, LuxeYard is so new that it launched in January, and get this, in April it hit 600,000 members. LuxeYard expects to reach the one million member mark by June. What does that say to me? They're doing something right. It took Facebook about 10 months to achieve 1 million users, while this small Flash Sales site might do it in half the time.

LUXR stock chart showing price, volume, MACD, stochastics and RSI.

LUXR is a penny stock at the price of $1.84 as of today's close. It hit a high of $2.32 on May 8th, that's over 100% and in such a short time. Looking at the chart above we can see that LUXR has hit the lower trend line that I drew in and it has hit the upper trend line perfectly for the passed month. When only paying attention to the lower trend line touch, I would expect the stock price to pop right back up. But when we focus on the other indicators, stochastics, RSI and MACD it tells a different story. With LUXRs recent rally, and its overbought status we can expect the price to come down even lower than what's plotted with the lower trend line; somewhere between $1.40 and $1.60. Don't get me wrong though, no one can predict future stock prices. I use my indicators in the chart to try and predict what's to come in the future; and it is tough to do with penny stocks.

Enough of the technical analysis talk, let's get into what LuxeYard is actually doing that could increase the price of this stock. First off, LuxeYard is acquiring companies left and right to add to its arsenal. Just yesterday LuxeYard acquired LeatherGroups.com, adding more merchandise to its database for sales. The CEO of LuxeYard created an acquisitions team, which can only mean they are eagerly trying to expand their company to make more money. Speaking of acquisitions, LUXR might just be a takeover target itself if it continues doing great things; which would blow this stock up!

So is LUXR a good stock to get in right now? I would say, it is a great opportunity to get into but there is some risk involved. I personally got into this stock yesterday and I am already down some, but I have a strong belief that LuxeYard can stay profitable and grow its business over time. Do your own research and you will be rewarded!

So what do you think, will LuxeYard make profits and drive stock prices up? Are you going to get in early while the stock is still cheap? Let me know in the comments section below.

 LVS stock analysis in my new blog post!

AMRN still your Best Bet - Stock Outlook

I've been in AMRN (Amarin) stock since February and have already made a nice 38% profit. With yesterday's posted Q1 losses, people might think it's time to take profits and run. Before you do that, clear your mind, think and remember. Amarin has got a great omega-3 product called AMR101 that's going to blow away any competitors high triglyceride product. Their studies have proved that it lowers patients high triglyceride levels better than any other products out in the market. I know it's been a bumpy road along the way due to patent issues, but that can't stop this stock, so stick around.

In the past year AMRN has been as low at $6 and has been as high as $19. I can tell you that I made a nice profit in 2011 and I'm looking forward to making an even better profit this year. I like to use stock price history to determine a great entry point in a stock. That's exactly what I did to get in and out AMRN each and every time. While studying a companies stock chart, I like to focus on stochastics, MACD, bollinger bands, RSI, trend lines and candle sticks. See chart below.

Screen shot of AMRN from http://www.freestockcharts.com

Noticing trend lines in a stock is a really great way to determine future stock prices. As of today, AMRN is following a new trend line, due to its recent rally. At the time of this posting, AMRN has been slowly coming down due to its overbought status, according to the stochastics, MACD and RSI reading in the chart. When trend lines are in place we can expect the stock to come down to the $10.70 level, which would give us a good entry point. When looking at the bollinger bands, we can see that the bubble is expanded and this is not a good sign; we can expect the stock price to drop more. When the top line and bottom line of the bands are more contracted, there is a better chance for AMRN to shoot back up as it did the previous two times. Another good sign that this stock is in an uptrend is that the 50-day and 200-day moving average is below the current stock price.

Within a few days, there's a possibility AMRN will come down even further from the current $11.48 price to around the $10.70 level. Once it hits that level, we can expect a nice rally back up where this stock belongs; around $13 (short term price target). AMRN is also a potential take over target due to its great product, so look out for that. Banks have put a $24 price target on AMRN, so get in while it's still a bargain!

New article on stock ticker symbol LVS.
New article on stock ticker symbol LUXR.

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Homemade Pizza and Martini Night

There are times when you eat an awesome homemade Pizza dinner at your parents house and then come back home craving a tasty Martini with delicious olives to much on. That's exactly what happened tonight. My dad (Chef Pasquale) has his own Italian cooking show on YouTube and I do the filming and editing for him. He makes recipes that he's learned over the years being a cook at multiple restaurants in Italy and New Jersey. Tonight he wanted to make his own pizza. He made an Arugula, Prosciutto and Onion pizza, check out the picture!

My god it was delicious! Totally crispy, with homemade tomato sauce and imported parmigiana cheese straight from Orsara di Puglia, Italy; where my dad is from. I can say that I lived with my parents for 25 years and tried many Italian dishes. But ever since his show has gone live on YouTube I've tried many more recipes that I've never known he knew before his show. I've tried some very good dishes to some very distasteful dishes. Now I don't want to discredit his distasteful dishes, because they might be delicious to some people, just not to me. For example, he made cow tongue and goat head; seriously who eats that? I don't want to say they were disgusting, it's just that I would never want to eat that and I am definitely not accustomed to it. 

So as I was saying, I came home and craved a Martini. Luckily I had three more olives left; the perfect amount! I pierced three green olives with my pick and left them sitting in the Martini glass. I grabbed a few ice cubes from the freezer, dropped them into the shaker. I then poured in one shot of Extra Dry Vermouth, and then two shots of Gordon's Gin. I shook it up for about a minute and then poured it over the olives, filling the glass to the brim. It was so full, I had to take a few sips before I even had a chance to sit down and enjoy it. The first taste was very bitter and dry, just how I like it. The Gin and Vermouth marinated olives were ready to taste and they sure as hell had a small kick. It was then safe to walk upstairs to my computer to edit my dads pizza recipe. Check it out below! 

       

   

5 Rule Roulette System

So you're here because you would like to make thousands of dollars playing roulette right? If that's why you're here, I'm going to have to say, click the back button or the X in the top right hand corner; you're in the wrong place. If you're here because you would like to to make small amounts of money, then you're definitely in the right place. I will like to share with you the 5 Rule Roulette System that I've come up with. This strategy might be published else where, but my concerns are not with what other people do, but with what I do. Hopefully you will find this Roulette strategy helpful and give it a try, I would also like it if you would leave some comments if you had a successful day with the 5 Rule Roulette System. Alright, enough with the intro, let's dig right in.

My strategy is built off of the Martingale betting system. The Martingale betting system requires you to double your previous bet, to win back your money, plus making your profit. For instance, say you bet $10 on red, the dealer shoots the ball around the roulette wheel and the ball lands on black. You lose your $10, so your next bet would require you to put down $20 on red. Now when the ball lands on red, you would receive $20 back from the dealer and you would now have $40 in your pocket instead of the initial $30. Therefore you are making a $10 profit. With this strategy, you need to bet on the same color every spin and if it lands on the opposite color, keep doubling your bet until it lands on your color. This betting system is very good, if you have lots of cash. I've seen times where the same color would land 12 times in a row. If you were on a minimum bet table of $10 and the same color landed 12 times in a row, you would have to shell out $20,480 if it kept landing on the opposite color! This is definitely not the way to go, especially because of the maximum bet set at each table.

This passed weekend I had the opportunity to go to Atlantic City and use the 5 Rule Roulette System. I'm not going to lie, I made a $95 profit that day and I'm happy. I'm $95 richer and I know the strategy works. All you need is time, two legs and at least $200. The 5 Rule Roulette System requires you to be able to walk around a lot! You need to constantly scout tables, and bounce between different casinos if need be. In Atlantic City, I personally like Caesars and Trump Plaza. One reason is because they are right next to each other and because they each have at least 9 Roulette tables. I like Trump Plaza more because they sometimes have $5 minimum bet tables, which makes it easier to win.

Alright let's get into this strategy. At each Roulette table they have electronic boards which show past results. You need to pay attention to these boards, if a table has hit red 3 times in a row, the table is about to be hot.  You need to bet the minimum of the opposite color once the table has hit the same color at least 5 times. 5 still poses some risks, but if you're at a $5 minimum table, statistically you should do fine. If you want even lower risks wait until 6 or 7 in a row. If you wait for 6 or 7 you are decreasing your odds of losing. The only time I get in late at spin 6 or 7, is when I first walk into a casino and notice it. I wouldn't sit and wait until 6 or 7, I would immediately get in after spin 5 with the minimum bet. If I lose the next spin, I would need to double my bet.

The 5 Rule Roulette System worked each and every time for me this passed weekend. I did have two instances where I gave up, because I did not want to bet $80, but if I would have bet the next spin with $80, I would have won. That means, I got in at spin 6 and left at spin 9. If I stuck to the plan, I would have had more than a $95 profit for the day. This is why it's good to bet on $5 table, you can play longer and lower your chances of a loss. Don't get me wrong, $5 is not much, but if you keep applying this method, over time you will be up instead of down. There is one rule, you need to figure out how much you are willing to lose on each bet. If you don't want to go all the way up to $80, then stop and find a new table and start over. After all, we all know you're not going to get rich quick. You're there to have a great time with some friends and down a few free drinks.

It can take hours to start seeing some good money, but I would say you can average between $20 and $30 an hour. This means you will have to be at it hardcore, finding good tables, even if it mean you have to leave the casino you're in and go to a different one. I was exhausted and my legs were hurting by the end of the night.

I would really like to stress that this method does not guarantee you will win each and every time. There have been times where the same color has hit more than 20 times. Increasing your bet until 20 will not only go over the maximum bet, but you will pretty much be broke. I would also like to say you increase your chances of winning when you bounce between different tables, so make sure you do a lot of walking, even if you have to go to a different casino.

I hope you find the 5 Rule Roulette System helpful and would like to see any comments you might have. I'll be going to Atlantic City again this weekend and play some. I'm aiming for $150 this time, but I will be happy to leave with anything over $50.

As always good luck and don't forget, minimal losses only!