Archive for May, 2009

Taking gas.

Posted on May 22, 2009 by WHC Bassetti.

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Just in case you wondered it looks like the buy signal in gas got canceled.

090522ng

 

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Wild Indians.

Posted on May 21, 2009 by WHC Bassetti.

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If this doesn’t get your attention nothing will.  090521inpYes that is an Indian sized gap.  In this case we wouldn’t put a full unit into INP, but a half a unit.  And we would put the stop 5% under the present price.  It is sometime breathtaking to jump into issues like this and would appear too dangerous.  But in fact these are the most interesting issues.  And if you adopt a conservative trading approach as recommended here you may wind up owning the Hope diamond — or getting strangled by thugees.

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EEB

Posted on May 21, 2009 by WHC Bassetti.

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090521eebAs may be seen EEb has broken out.  While we are short the S&P and suspicious of all these breakouts you still have to take obvious trades.  The way to dap down risk is to divide your capital commitment to this — or any issue — into 3-7 tranches and just commit one unit to the initial trade, then add on if the trend proves true.  And then, of course, it goes without saying that  a stop is placed under the immediate low — about 3-5%.

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MOO

Posted on May 20, 2009 by WHC Bassetti.

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As you will remember we have been saying for sometime that commodities were the next big thing.  Here MOO is proving us right and we suspect DBA will follow.  We are already on record as long these some of which we own personally.

090520moo

 

 

 

 

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SKS? Really?

Posted on May 19, 2009 by WHC Bassetti.

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Well, where there’s smoke there is often fire, as they say.  But SKS in this economy?  O.K.  Don’t believe the lying media, believe the chart and if these aren’t buy signals we’re not hottentots.  (What’s a hottentot?)  Anyway worth a bet, obviously with a technical stop under the low.

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