Friday, January 13, 2006

20060113 Tom PM

Gold finished at highs.
Silver not backing away from high. Can go to 11 from September 1983.
Option expiration next week.

NEM 59.87 up 1.91. May do another leg up.
TRE Has low float.
HANS 104.31 up 12.16.
TLT 92.12 up .62.
BVG 1.44 up .11. Has no business operations. Fundamentally don't get in this.
SNDK 72.83 down 4.39. Buy 61-63.
TRE 6.84 up .73. Tom owns for free. Over highs again. Closed over high, so can go higher next week. Will come down to 5.03.

ERES 18.23 down .10. Broke up with volume and is going sideways.
BCON 2.14 up .04. Tom bought at 1.87. There are no sellers.
DESC 8.84 down .05. 10.70 high volume day hasn't been tested. Try to buy around 7.98, though risk/reward is not really in place.
LU 2.65 down .06 with high volume. Rejected the low. Was shakeout if it moves up in the next three days.
HMY 14.95 up .87. Closed at highs and can go higher. GFI same thing.
SUNW 4.71 up .31. Volume, spiked up to 5. Range 4.38 - 5. More consolidation. Good looking chart. Put a dent into the January gap down. Next time will blow away gap.
NGS 16.90 down .47. Can go down to 13.62.
GE 35.10 up .10. Going top side.

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