Technical Analysis of Stock Trends

FRE, FNM, S&P, look like a Christmas stocking

Posted on Dec 28, 2009 by WHC Bassetti.

If these are worthless as that undistinguished New York boutique said, why do people keep buying them?  And besides that they are exhibiting buy signals today.  As an interesting conjecture, could that be a flag?  We’re going to buy some more on the off chance that it is a flag.

And……

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Houston we have a problem…

Posted on Oct 19, 2009 by WHC Bassetti.

Who is Keefe Bruyette and Woods, and does anyone care? (Which way were they in the great bear market?)  Well obviously someone cares because they sent FNM and FRE down about 17% on a gap with a report saying the shares were worthless.  We have sent an email to enforcement@sec.gov  (and you should too) asking them to investigate to see if KBW have a conflict of interest, or if they informed their bosom clients they were going to ambush these issues.

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Pruning for the downwave…

Posted on Jul 02, 2009 by WHC Bassetti.

We sold AIG, scaled out of FRE and FNM.  Profits ranged from 5 to 30%.  Our Ford profits are in the 300%+ range and our BAC profits are also exorbitant.  We are still long platinum with about 25 or 30% paper profits.  We’re glad to be out of gold and silver.  But we’ll be back in.  Stay tuned.

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Erosion, like rust, never sleeps…

Posted on Jun 23, 2009 by WHC Bassetti.

We bailed on C and scaled out of most of FRE.  The ability to set a stop and honor it is what distinguishes successful investors from those people who lost 43% in the great Bush bear market.  The profits on these trades ranged from 10 to 73%.  As we said when we bought them they were lottery tickets.  The markets are looking iffy at this point which is another reason for exiting.  Meanwhile our trades in F and BAC and even AIG are scandalously profitable, and there is no reason to exit them.

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