My #1 Long-Term Investment Stock is........

Ok, ok, I know, earlier I said I was going to post some new long-term stock picks...well I decided to hold off until either tomm (Thursday, Sept. 1st) or Friday (Sept 2). For now I will leave you with one that I like and some other trade suggestions.

I like Lions Gate Films (LGF). I like them because they have finally actually made movies that I wouldn't mind watching! Now that's a first for LGF! Besides that, I think Saw helped them out and Saw 2 will help them out even further. In addition, there has been some insider buying activity which is a good sign.

Lions Gate Films (LGF) 1yr Chart

Approach: Look, you can buy now in mid to low 9's or press your luck and hope it touches mid to high 8's, which is not guarantee. If you look at the chart, you will see the 50day MA is descending towards the price line. I expect a nice big jump once the two lines meet.

Time Frame: This is an intermediate term trade. Buy and hold for 2.5 months and we'll see from there if we upgrade this for longer hold.

Target: 1st target is 12.05 2nd target is 15.10


Also pay attention to whets going on in the outside world. If you haven't noticed, since the tragic and unfortunate devastation that has occurred because of the hurricane, every home building supplier, heavy construction, construction/mining, and construction equipment company is up and I mean a lot. Look at FRK, USLM, BOOM, GEHL, JLG, CMCO, etc. I will cover some of these stocks in the days to come, so check it out!