Archive for » May, 2011 «
SUNDAY UPDATE, MAY 29TH
AFL CHART
at (2x bot).my shorthand for = double bottom, large exposure to japan. interesting to see if the 2x bot holds
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these IMF using military force (greece) to enforce their fiat…gold UP, when the, any printing press starts up. add the 110bil to japans 300bil. jeeze, i have to raise my gold target price from 1650 to ….1680
japans qe3 300 bil is over a rebuild of the countries infrastructure, takes time, greeces qe4, 110 bil is an electronic transaction, happens instant. qe3 hits gold prices more slowly, qe4 hits instant…imo
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I’m lowering my target price on FSLR to 155, simply because the market is saying to do so.
When FSLR tested 115 intraday today, that was 13% less p/e than in 2010.
This is the year most spy500 companies will have their p/e’s lowered.
and now it’s happening to FSLR.

the best way to play for the bottom price is to wait for the first up day.
this is a falling knife, and the first up day will tell you where the support is.
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FSLR is also an IRA BUY at 115, sell 35% higher.
for other IRA BUYS use the search box, type in ira buy
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Dark Angel Pilot Part 1 of 7, CLICK HERE…hope is for losers. it’s a con job, until they get a cold hard grip…..
FEB 22 THE SPY P/E WAS 9.42
careful where you fetch your spy500 figures from, ….if you didn’t login to somewhere, u probably got a mis leading site…the MM treat that p/e, like the normandie landing. lots of folks think they have the spy p/e, but is it verified, the germans knew we were landing in normandie…they also knew we were landing in 25 other places. they picked the other 25.
RIMM, update 6-3 STOPPED OUT, will wait for $35, OR AT LEAST 10 DAYS, TO see where the real support is.
the p/e is lower this year, than last year.
It’s a common theme with many of the sp500 stocks this year.
I have 2 exits. 50 is the
completion of a rounded bottom exit, and 57 or so is RIMM’s 200 day.
RIMM is also an IRA buy. 43 up to 57 exit = a 33% gain for your portfolio.
Those that have followed me for awhile, know that I ALWAYS get my IRA exits. nuff said. BOOKMARK ME….

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URBN entry / exits login to the lounge.
CSCO update in the lounge area.
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FSLR getting its p/e lowered…so far by 13%. which lowers the 2011 target price to 150-155 …GS advertised huge 190. this was a BIG LIE

UPDATE 5-27 JPM it’s winning, now i’m managing gains!!!!
JPM, I have a long term target price of $52…

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RCL

when this chart comes together, slo stow, a first up day, 36.8 price, go long CCL too. watch out if your short PCLN, when RCL is low 37′s
TUESDAY UPDATE
macd histobars went positive lg cap gold stocks, sometimes the one bar positive is a short sell or resistance, signal, sometimes its a multi day rally coming, signal
gold stocks should have some follow thru higher wed, on momentum.
….never let a loss, turn into a bigger loss, and never let it turn into an un -manageable loss.
there are always more easy trades out there to go to.
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MONDAY
XAU
short term direction, 5 to 10 day outlook, is very bullish.

Percy Faith Route 66
the original is much better than nelson riddle’s cover version.
SUNDAY UPDATE….
if it’s not june gloom, then it’s june up. july earnings are so out of the ballpark UP, if the market adds that into june’s price discovery, there won’t be a june gloom. June gloom, is the name used by madison avenue (tv,radio, newsprint)as a stock market name for that month’s price action.
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may 25th update…FCX above $50 today…winner!
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FCX going to the 50′s. possibly within 10 days or less… 49 is the current resistance.
once above 49, that will be the new support…in the meantime, 49 makes a great place to unload 1/2 the longs..this is what i call… value trading. value tells me 45 will never be retested in this cycle..
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MT double bottom support, go long NOW….
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MAY 24TH UPDATE MOS…MOS UP HUGE PAST 2 DAYS, INSTANT NEWSLETTER WINNING TRADE. I don’t tie up your capital in 2 week or 1 month trades. i like to win instantly.
if i get stopped out, so what. i move on to the next winner. 80% win. probably due to my vast expertise of the stock market and 14 years of experience finally paying off…HUGE

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MOS,DE,MT,AAP,GPI,ATI,NUE


