Tuesday, December 06, 2005

20051206 Tom AM

Gold hit 514, the high from 1983. Expect a pull back. Above 514 with conviction looks for 774. Equities do not yet have enough buyers.
RCL 47. Not a buy.
SPNC 11.64. Good looking chart. Wait for pull back.
HGSI 9.37. Got smoked in October. Bottom fishing. Gaps above do not need to be filled. Everyone from March 2003 is in a losing position.
OGMBX 21.83. Metals mutual fund.
VLO 104.74 up .25. Tom went short this morning. CEO has done some selling.
APPX 37.12 up .44. Has had volume off the top. Up channel still in tact. This is chart is not clear, so stay away from it.
KBH 71.41 up .34. Can pull back. Fundamentally doing partnership with another company to build New Orleans.

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