INDU 12469 -12.
SPX 1438 +1.
CCMP 2456 +7. Going for gap at 2492.
Set a bear trap. Window dressing starts Wednesday.
ANO 1.7 +.08. Tom owns and has sold 1/2. Wants to go to 2 then 1.3.
CMGI 2.49 +.29. Going higher with volume. Wait for pullback to buy.
EGO 6.09 +.11. Consolidation.
RIO 37.6 +.62. Moving up.
FCX 64.7 +2.4. Copper play. Going to 70.
IAG 7.93 +.07. Tested and moving off bottom. Going to 9.5 and further.
NYX 91.74 +4.07. Counter trend bounce to 97 before going lower.
ZIXI 1.75. Consolidation for some months.
HOG 60.75 -.45. Needs more time and sign of strength until a buy.
GROW 55.4 +6.4. Commodity fund. Going higher into January 4.
NAK 11.25 +.04. Going higher.
TXCC 1.62 -.02. Wait to buy at 1.49.
Monday, March 26, 2007
Saturday, March 24, 2007
Details Of One Intra-Day Setup
Brett details an intra-day trade. It would be interesting to see how this stands up to back testing, and how stops affect the performance of the trade.
Here's a great example of a breakout trade for a very short-term stock trader.
Here's a great example of a breakout trade for a very short-term stock trader.
Wednesday, March 21, 2007
GMO, Like An Option
GMO 3.51 up .73 on heavy volume. Low price miners, like GMO, can make percentage moves like an option. Permitting/regulatory/legal (political) actions can cause dramatic moves.
Saturday, March 17, 2007
Mining Ocean Floor
Nautilus has ocean technology to dredge the ocean bottom.
Underwater mining. This shows more promise than ultra-deep mining though the obstacles are similar in that we have an inhospitable environment to overcome. The use of modified submersible devices from the deepwater oil industry has helped accelerate the technology curve and high ore grades are hoped for.
To demonstrate the infancy of this mining approach we have Nautilus Minerals Inc. (see link) that is working at depths of up to 1600 meters off the coast of Papua New Guinea. The company is talking about dredging up 2 million tons of rock per annum which presumably must be the amount required to make it a profitable exercise even at suggested grades of 10g per ton. This computes to 5,479 tons per calendar day, which is comparable to the deep mines mentioned above though Nautilus claims that production costs will be lower than traditional mines due to such factors as softer rocks and no overburden.
However, attempts to find statements on starting dates for production let alone proven reserves figures failed.
...
Underwater mining. This shows more promise than ultra-deep mining though the obstacles are similar in that we have an inhospitable environment to overcome. The use of modified submersible devices from the deepwater oil industry has helped accelerate the technology curve and high ore grades are hoped for.
To demonstrate the infancy of this mining approach we have Nautilus Minerals Inc. (see link) that is working at depths of up to 1600 meters off the coast of Papua New Guinea. The company is talking about dredging up 2 million tons of rock per annum which presumably must be the amount required to make it a profitable exercise even at suggested grades of 10g per ton. This computes to 5,479 tons per calendar day, which is comparable to the deep mines mentioned above though Nautilus claims that production costs will be lower than traditional mines due to such factors as softer rocks and no overburden.
However, attempts to find statements on starting dates for production let alone proven reserves figures failed.
...
Tuesday, March 06, 2007
20070206 Tom PM
DJIA 12,207.59 157.18
NASDAQ 2,385.14 44.47 Made an island bottom.
S&P 500 1,395.41 21.29 Going to 1445.
BRCD 9.8 +.36. ABC up.
MGM 66.79 +1.66. Had a great run. Consolidation. Watch to buy at 63 or 54.
MS 73.55 +1.91. Needs time to build cause again.
NASDAQ 2,385.14 44.47 Made an island bottom.
S&P 500 1,395.41 21.29 Going to 1445.
BRCD 9.8 +.36. ABC up.
MGM 66.79 +1.66. Had a great run. Consolidation. Watch to buy at 63 or 54.
MS 73.55 +1.91. Needs time to build cause again.
Thursday, March 01, 2007
20070301 Tom PM
DJIA 12,234.83 -33.80
NASDAQ 2,404.21 -11.94
S&P 500 1,403.14 -3.68
Markets are and will bounce. Tom closed all shorts at open this morning and went long.
ANO 1.29 +.08. Tom owns. The .8 ticks are bogus.
NTO 4.47 +2. Break out going to 4.69.
TIE 33.84 -1.09. Rejected lower price with lighter volume so is going to top at 37.
ABX 29.27 -.6. Hedging gold, don't buy.
XLE 56.72 -.18. Going to 59.
SMSI 15.24 +1.75. Numbers last night. Today sign of strength: price spread, volume. Is at resistance. Buy the retracement around 14. Going to 19.
WGAT 1.14 +.01. Needs sign of strength.
WFMI 46.95 -.82. Can buy here.
TONS 41.12 -.73. Buy at 38.3.
WNR 30.1 +1.19. ABC up. Buy was today.
ORCL 16.77 +.34. Needs bigger sign of strength to buy.
LNG 28.43 +.68. Consolidation.
IAG 8.19 -.22. Wants to test 8.03. Can go to 9.35.
PWE 29.16 -.82. Let it test 27.5 with less than 1.3M volume, then wait for sign of strength (price spread and volume), then buy next pull back.
NASDAQ 2,404.21 -11.94
S&P 500 1,403.14 -3.68
Markets are and will bounce. Tom closed all shorts at open this morning and went long.
ANO 1.29 +.08. Tom owns. The .8 ticks are bogus.
NTO 4.47 +2. Break out going to 4.69.
TIE 33.84 -1.09. Rejected lower price with lighter volume so is going to top at 37.
ABX 29.27 -.6. Hedging gold, don't buy.
XLE 56.72 -.18. Going to 59.
SMSI 15.24 +1.75. Numbers last night. Today sign of strength: price spread, volume. Is at resistance. Buy the retracement around 14. Going to 19.
WGAT 1.14 +.01. Needs sign of strength.
WFMI 46.95 -.82. Can buy here.
TONS 41.12 -.73. Buy at 38.3.
WNR 30.1 +1.19. ABC up. Buy was today.
ORCL 16.77 +.34. Needs bigger sign of strength to buy.
LNG 28.43 +.68. Consolidation.
IAG 8.19 -.22. Wants to test 8.03. Can go to 9.35.
PWE 29.16 -.82. Let it test 27.5 with less than 1.3M volume, then wait for sign of strength (price spread and volume), then buy next pull back.
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