It’s time to make some money…here are a few ideas

A big
storm’s a coming. Yes, Victoria, Santa is on his way. First a big storm coming
as options get set to retire for the year. It is the last options expiration
of the year and the market is choppy heading into it. Futures are currently
down. The open will be soft. A soft open. Japan gave back 2% last night and
Europe is drifting south. I will examine 8 stocks today. Longs and shorts.
Mostly longs. You really think the big storm coming will stop me from getting
to NYC for the important meetings waiting? Never! Of course, as you may
already be aware the Santa rally depends upon me being in NYC part of this
weekend to welcome the jolly fellow to “Wall and Broad”. Then to ice the cake
the whole family will be there to close out the year. Dogs and all. The “W” at
Union Square caters to pets. Nice! That will assure a powerful move at the
close of what was a nasty uneventful and fitful year. That is what the cards
say. That is the hand dealt. So I intend to play it with the stocks that are
mentioned in this piece. Long and short. The stocks mentioned in this piece
are but a handful that I intend to play over the next two weeks. It’s time to
make some money.

Talisman Energy Inc.
(
TLM |
Quote |
Chart |
News |
PowerRating) 53.66

I
added to the position carried yesterday as the stock exploded to extend its
current advance. The move came in decent but not fabulous volume. It needs to
go topside 2 million shares to really get excited about it. It is in great
shape and ready to climb to higher zones. The action expressed yesterday
indicates that reality. I am involved and will stay involved as long as the
trend persists. The current stage that TLM trades in is a mature advance. The
advance just got legs as it crossed to new highs. Pick it up coming into the
52-53 zone. Place the stop at 45.99 for a swing.

Synopsys

(
SNPS |
Quote |
Chart |
News |
PowerRating) 20.77

Just
check this chart out! I invite you to examine the chart and see for yourself
and what you are seeing is stunning upside potential. The realistic
possibility that SNPS climbs to higher price points is the tale of the current
tape. The pattern of the stock reflects higher price points down the road. The
base built after the brutal decline is long and impressive. It is trading at
the top of a long and solid base built over the last 5 months. It fell from a
peak at 37.50 made 11 months ago. It’s in a brand new advance. It trades above
all key inflection points and is flat over the last 5 days. A Santa rally
ought to enable SNPS to get into higher gear. Place the stop at 18.99.

Procter & Gamble

(
PG |
Quote |
Chart |
News |
PowerRating) 58.51

A rise
above 60 and you have something to shout about. It is not there yet and
yesterday’s action hints at a challenge at 60. The 52 week high is 59.56 made
on 10/3/2005. It is gearing up to challenge that level and if that level is
crossed then 60 is right there and if this stock crosses 60 then there is no
telling where it will eventually land. I am betting on it. I added to my
position yesterday because of the strength it expressed. The volume alongside
the positive action was decent. If the stock pulls back into option expiration
then a good price to grab shares is in the 56.50-57.50 range. If PG crosses
its 52-week high at 59.60 in the next few days then grab it fast. Place the
stop at 54.99.

Nokia

(
NOK |
Quote |
Chart |
News |
PowerRating) 18.37

I have
to confess that I love this thing right now. I am in NOK and have been adding
to my position and I am acting in that manner because the chart is compelling
me to do so. It is trading nicely right now. NOK is trading well right now and
is in shape to be bought and owned and if you are interested in making money
then NOK is a stock that ought to be owned. Owned for a while. Not a lifetime.
Just a while. Just till it completes its advance. Just take a look at the
pattern of trade NOK reflects right now and you will get the drift of what is
alluded to in this clear message. NOK is rising. It is in a decent advance
that will throw out good performance. It is a timely play. It comes off a nice
base and it trades above its top line. That enables it the room to move. It
has plenty of headroom. I have been involved since getting back form L.A. The
stock is up 3.96% in the last 5 days. Nice. It is up over 17% this year. Place
the protective stop at 16.99 and 16.45.

Boeing

(
BA |
Quote |
Chart |
News |
PowerRating) 70.59

The
stock broke out yesterday and that is why I mention it again. I mention it
again because I did exactly what I said I was going to do and that is add to
the position as it crossed 70.20. It made its 52-week high yesterday. BA is up
36% this year and 1.47% in the last 5 days. It appears headed for higher
zones. Could it crank out another 10% near term? It is cranking right now and
is doing so on all cylinders. BA is a market leader and a darling of the Dow.
If you study the Dow you will notice the split. A split tape. Has been all
year. BA is on the light side of it. Will get to the dark side in a minute but
first let’s just follow up on…

PowerShares Global Water Portfolio
(15.70)

This
is more concept. There are 31 water stocks in the blend. It is actively
managed as the blend is adjusted quarterly. It will never get way out of
balance like other ETF’s. This is an open-ended mutual fund that trades on the
AMEX. An ETF. It focus’s on water stocks. Water is in play and will be for
years to come. I am long term bullish on water and am investing in this
vehicle because it is the right thing to do right now and into the next 10
years. There is no chart to check out.Well it just started trading a couple of
weeks ago so there is a 10 day chart. You can check out the stocks within the
blend and examine each chart if you want to. I see this along with PXJ as
obvious choices today and into the next year and more. Energy and water is
certainly a form of energy is in a secular bull market and it pays to get
involved.

Coca Cola


(
KO |
Quote |
Chart |
News |
PowerRating)
40.96

A
loser. What do you do with a loser? Leave it alone? Avoid it? Or get some use
out of it and sell it short. KO is a good short. That is what it is good for.
Nothing more nothing less. I mention it again because the stock is getting
closer to compelling me to add to it selling more short. That is how you make
money in the market. Pile on a loser by selling it short. Sell it as it drops.
If it drops below its 52 week low at 38.30 (more like a 14 month low) then it
will just cave. I will short a little more under 40 and short even harder
under 38.50. Place the stop at 43.10.

Level —3 Communications Holding

(
LLL |
Quote |
Chart |
News |
PowerRating) 73.17

I
shorted more yesterday when it dropped below 73. It closed above that level
and next time I will not anticipate but wait till the stock actually closes
below 73 before selling more LLL short. The trend is certainly pointing lower
and if the market does soften today then a chance to short more LLL may be
had. It is a good short on a close under 73 and confirms the reality of a new
decline. A close under 73 and support at 71 is the next likely test. Examine
the daily chart and see the outset of a new decline. Place the stop at 76.01

Futures are unchanged since I began writing this piece an hour ago. There is a
big storm brewing. A big one. I think I will just go have a cup a tea and ride
it out.

Jack S. Rothstein

Rothstein Investment Advisory Services, Inc.

3600 Chain
Bridge Road, Suite 200

www.jrmoney.com
— www.wealthcast.com

Jack Rothstein is the
President of Rothstein Investment Advisory Services, Inc. and is a 20-year
veteran stock trader and a money manager.