<?xml version='1.0' encoding='UTF-8'?><?xml-stylesheet href="http://www.blogger.com/styles/atom.css" type="text/css"?><feed xmlns='http://www.w3.org/2005/Atom' xmlns:openSearch='http://a9.com/-/spec/opensearchrss/1.0/' xmlns:blogger='http://schemas.google.com/blogger/2008' xmlns:georss='http://www.georss.org/georss' xmlns:gd="http://schemas.google.com/g/2005" xmlns:thr='http://purl.org/syndication/thread/1.0'><id>tag:blogger.com,1999:blog-5762303565249553172</id><updated>2024-08-30T14:27:42.685-04:00</updated><title type='text'>Investing For a Living****trading ideas****</title><subtitle type='html'>I worked my way through college by trading ice cream and I made a career trading steel worldwide for 25 years. But nirvana is trading the capital markets: opportunity at the click of a mouse; no customers, no suppliers; just you and your ideas. I’ve invested full time, and made a good living at it, for a number of years. My only complaint is the isolation. And so I’ve created this blog to share what I do.  While I enjoy sharing ideas do not blindly accept my advice. Do your own homework!</subtitle><link rel='http://schemas.google.com/g/2005#feed' type='application/atom+xml' href='http://ifal-tradingideas.blogspot.com/feeds/posts/default'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default?redirect=false'/><link rel='alternate' type='text/html' href='http://ifal-tradingideas.blogspot.com/'/><link rel='hub' href='http://pubsubhubbub.appspot.com/'/><link rel='next' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default?start-index=26&amp;max-results=25&amp;redirect=false'/><author><name>Frank Ferrara</name><uri>http://www.blogger.com/profile/15846171974989943857</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='24' src='//blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEndfT34V6uYOrAUTSGzU5VOK468-VAPne9Dmb24_ohJ9JEEhSSrrnBOV8BoJBXjgxNEeYvJJQbkk2MaPn_nDAuMY_cmNWM-BVW6jYY9M6j5dHhMOGP2dgB6z1R_Kyiw/s220/IMG_2205.JPG'/></author><generator version='7.00' uri='http://www.blogger.com'>Blogger</generator><openSearch:totalResults>93</openSearch:totalResults><openSearch:startIndex>1</openSearch:startIndex><openSearch:itemsPerPage>25</openSearch:itemsPerPage><entry><id>tag:blogger.com,1999:blog-5762303565249553172.post-7947089400147769439</id><published>2009-12-24T10:10:00.002-05:00</published><updated>2009-12-24T10:34:04.989-05:00</updated><title type='text'>Ctrip.com (CTRP)</title><content type='html'>&lt;div class=&quot;MsoNormal&quot;&gt;There are two dominant liquid Chinese leadership stocks in the current rally. One is BIDU. This other is online travel website Ctrip (CTRP).&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
In continuing market rally we feel CTRP is only higher. YOY sales and earnings have accelerated for three quarters in a row, with strong projections for at least the next two quarters.&lt;br /&gt;
&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;CTRP is a hard stock to buy and hold. It is whippy and has a tendency of correcting violently. But the uptrend is clear and so is the correct way to enter this stock: when no one appears to want it.&lt;br /&gt;
&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;Tuesday, in the midst of a robust holiday rally, CTRP broke down on some volume and bounced off its 10 MA weekly. This is often an ideal place to initiate a position. The stock finished off its lows of the session and yesterday took out the highs, indicating price is likely to recover and attempt new highs.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;http://4.bp.blogspot.com/_wqqvIHUgQmk/SzOJvo3k-pI/AAAAAAAAAM8/xo346ImtaEo/s1600-h/CTRP+weekly+09+12.JPG&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://4.bp.blogspot.com/_wqqvIHUgQmk/SzOJvo3k-pI/AAAAAAAAAM8/xo346ImtaEo/s320/CTRP+weekly+09+12.JPG&quot; /&gt;&lt;/a&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;br /&gt;
&lt;a href=&quot;http://4.bp.blogspot.com/_wqqvIHUgQmk/SzOJ0F9qPlI/AAAAAAAAANE/nlW9fxflJ3Q/s1600-h/CTRP+weekly+09+12.JPG&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://4.bp.blogspot.com/_wqqvIHUgQmk/SzOJ0F9qPlI/AAAAAAAAANE/nlW9fxflJ3Q/s320/CTRP+weekly+09+12.JPG&quot; /&gt;&lt;/a&gt;&lt;br /&gt;
&lt;/div&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;We are entering a long at the market this morning, around $73.50. Our stop will be Wednesday’s low of $70.55. Our goal, as always, is entry for a resumed uptrend in the stock.&lt;br /&gt;
&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://ifal-tradingideas.blogspot.com/feeds/7947089400147769439/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/12/ctripcom-ctrp.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/7947089400147769439'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/7947089400147769439'/><link rel='alternate' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/12/ctripcom-ctrp.html' title='Ctrip.com (CTRP)'/><author><name>Frank Ferrara</name><uri>http://www.blogger.com/profile/15846171974989943857</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='24' src='//blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEndfT34V6uYOrAUTSGzU5VOK468-VAPne9Dmb24_ohJ9JEEhSSrrnBOV8BoJBXjgxNEeYvJJQbkk2MaPn_nDAuMY_cmNWM-BVW6jYY9M6j5dHhMOGP2dgB6z1R_Kyiw/s220/IMG_2205.JPG'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://4.bp.blogspot.com/_wqqvIHUgQmk/SzOJvo3k-pI/AAAAAAAAAM8/xo346ImtaEo/s72-c/CTRP+weekly+09+12.JPG" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5762303565249553172.post-2612871443732630800</id><published>2009-12-23T09:46:00.001-05:00</published><updated>2009-12-23T10:09:10.922-05:00</updated><title type='text'>Randgold Resources Ltd (GOLD)</title><content type='html'>&lt;span style=&quot;font-family: Arial; font-size: small;&quot;&gt;&lt;span style=&quot;font-size: 13px;&quot;&gt;We predicted an uncomfortable correction in gold and recommended taking some profits off the table in our GLD ETF trade several weeks ago. We thought the quick move higher in gold would lead to a correction that was sufficiently disorderly that traders would question whether gold had topped or was simply undergoing a correction. When sentiment shifts like that it can make it hard to hold a winning position.&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;span style=&quot;font-family: Arial; font-size: small;&quot;&gt;&lt;span style=&quot;font-size: 13px;&quot;&gt;&lt;br /&gt;
&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;span style=&quot;font-family: Arial; font-size: small;&quot;&gt;&lt;span style=&quot;font-size: 13px;&quot;&gt;That is where we are now with the price of gold. It has blown through two reversal setups and that often leads to even lower prices.&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;span style=&quot;font-family: Arial; font-size: small;&quot;&gt;&lt;span style=&quot;font-size: 13px;&quot;&gt;&lt;br /&gt;
&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;span style=&quot;font-family: Arial; font-size: small;&quot;&gt;&lt;span style=&quot;font-size: 13px;&quot;&gt;But as our readers know, we believe the best money is to be made by expecting the unexpected. What if gold, which seems poised for lower prices, recovers here? Miners scored significant gains during gold&#39;s rise. Is there a miner that is acting constructively on this pullback and appears to be a good entry on a gold reversal?&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;span style=&quot;font-family: Arial; font-size: small;&quot;&gt;&lt;span style=&quot;font-size: 13px;&quot;&gt;&lt;br /&gt;
&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;span style=&quot;font-family: Arial; font-size: small;&quot;&gt;&lt;span style=&quot;font-size: 13px;&quot;&gt;The answer is yes. And the miner is Randgold (GOLD). Alone among liquid gold miners this stock has held its 50 MA. We like that it broke below a recent consolidation, appearing to threaten a more significant breakdown, but didn&#39;t follow through. That &quot;failure of failure&quot; can often be a good entry point.&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;span style=&quot;font-family: Arial; font-size: small;&quot;&gt;&lt;span class=&quot;Apple-style-span&quot; style=&quot;font-size: 13px;&quot;&gt;&lt;br /&gt;
&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;http://2.bp.blogspot.com/_wqqvIHUgQmk/SzIyh3faHUI/AAAAAAAAAM0/zhMFIcDxpoc/s1600-h/GOLD+daily+09+12.JPG&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://2.bp.blogspot.com/_wqqvIHUgQmk/SzIyh3faHUI/AAAAAAAAAM0/zhMFIcDxpoc/s320/GOLD+daily+09+12.JPG&quot; /&gt;&lt;/a&gt;&lt;br /&gt;
&lt;/div&gt;&lt;span style=&quot;font-family: Arial; font-size: small;&quot;&gt;&lt;span class=&quot;Apple-style-span&quot; style=&quot;font-size: 13px;&quot;&gt;&lt;br /&gt;
&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;span style=&quot;font-family: Arial; font-size: small;&quot;&gt;&lt;span style=&quot;font-size: 13px;&quot;&gt;The price of gold seems to be stabilizing this morning. Whether this represents a permanent turn or not we cannot yet know. But we&#39;ll take long entry in GOLD on a move over $80.75 with a stop under $78.&lt;/span&gt;&lt;/span&gt;</content><link rel='replies' type='application/atom+xml' href='http://ifal-tradingideas.blogspot.com/feeds/2612871443732630800/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/12/randgold-resources-ltd-gold.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/2612871443732630800'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/2612871443732630800'/><link rel='alternate' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/12/randgold-resources-ltd-gold.html' title='Randgold Resources Ltd (GOLD)'/><author><name>Frank Ferrara</name><uri>http://www.blogger.com/profile/15846171974989943857</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='24' src='//blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEndfT34V6uYOrAUTSGzU5VOK468-VAPne9Dmb24_ohJ9JEEhSSrrnBOV8BoJBXjgxNEeYvJJQbkk2MaPn_nDAuMY_cmNWM-BVW6jYY9M6j5dHhMOGP2dgB6z1R_Kyiw/s220/IMG_2205.JPG'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://2.bp.blogspot.com/_wqqvIHUgQmk/SzIyh3faHUI/AAAAAAAAAM0/zhMFIcDxpoc/s72-c/GOLD+daily+09+12.JPG" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5762303565249553172.post-3222588027953752939</id><published>2009-12-21T12:21:00.000-05:00</published><updated>2009-12-21T12:21:27.921-05:00</updated><title type='text'>Amazon.com (AMZN)</title><content type='html'>This Internet retailing behemoth has been one of the strongest performers among institutional quality stocks over the last several months. It is in a torrid uptrend that has cooled recently as the stock has drifted back to its 10 MA on rather light volume over the last few weeks.&lt;div&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div&gt;We have &lt;a href=&quot;http://investing-for-a-living.blogspot.com/2009/12/naughty-or-nice-santa-could-visit.html&quot;&gt;discussed&amp;nbsp;this stock&amp;nbsp;on our sister blog&lt;/a&gt; this morning as an important bellwether at an interesting buy point. We invite you to review our comments and consider a position as the stock lifts off of what is ordinarily a key area of support for an uptrending stock.&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://ifal-tradingideas.blogspot.com/feeds/3222588027953752939/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/12/amazoncom-amzn.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/3222588027953752939'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/3222588027953752939'/><link rel='alternate' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/12/amazoncom-amzn.html' title='Amazon.com (AMZN)'/><author><name>Frank Ferrara</name><uri>http://www.blogger.com/profile/15846171974989943857</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='24' src='//blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEndfT34V6uYOrAUTSGzU5VOK468-VAPne9Dmb24_ohJ9JEEhSSrrnBOV8BoJBXjgxNEeYvJJQbkk2MaPn_nDAuMY_cmNWM-BVW6jYY9M6j5dHhMOGP2dgB6z1R_Kyiw/s220/IMG_2205.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5762303565249553172.post-417950153139919760</id><published>2009-12-21T10:30:00.001-05:00</published><updated>2009-12-21T10:50:15.485-05:00</updated><title type='text'>Bucyrus Int&#39;l (BUCY)</title><content type='html'>This morning the company, in which &lt;a href=&quot;http://ifal-tradingideas.blogspot.com/2009/12/bucyrus-intl-bucy.html&quot;&gt;we had previously taken a position&lt;/a&gt;, has acquired Terex&#39;es excavation business, which they claim will be immediately accretive to earnings. This is an all cash deal, making it all the more bullish.&lt;br /&gt;
&lt;br /&gt;
BUCY has formed a five week Square Box second stage base. The last three weeks mark tight closes. We don&#39;t care for the topping tails on the weekly chart, but today&#39;s news is a company altering event. The stock is breaking out to new highs on enormous volume and we believe it is a buy, or an &quot;add to&quot; at the market.&lt;br /&gt;
&lt;br /&gt;
&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;http://3.bp.blogspot.com/_wqqvIHUgQmk/Sy-ZM9j-EAI/AAAAAAAAALU/wKBEjH25Fhk/s1600-h/BUCY+weekly+No+2+09+12.JPG&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://3.bp.blogspot.com/_wqqvIHUgQmk/Sy-ZM9j-EAI/AAAAAAAAALU/wKBEjH25Fhk/s320/BUCY+weekly+No+2+09+12.JPG&quot; /&gt;&lt;/a&gt;&lt;br /&gt;
&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://ifal-tradingideas.blogspot.com/feeds/417950153139919760/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/12/bucyrus-intl-bucy_21.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/417950153139919760'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/417950153139919760'/><link rel='alternate' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/12/bucyrus-intl-bucy_21.html' title='Bucyrus Int&#39;l (BUCY)'/><author><name>Frank Ferrara</name><uri>http://www.blogger.com/profile/15846171974989943857</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='24' src='//blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEndfT34V6uYOrAUTSGzU5VOK468-VAPne9Dmb24_ohJ9JEEhSSrrnBOV8BoJBXjgxNEeYvJJQbkk2MaPn_nDAuMY_cmNWM-BVW6jYY9M6j5dHhMOGP2dgB6z1R_Kyiw/s220/IMG_2205.JPG'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://3.bp.blogspot.com/_wqqvIHUgQmk/Sy-ZM9j-EAI/AAAAAAAAALU/wKBEjH25Fhk/s72-c/BUCY+weekly+No+2+09+12.JPG" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5762303565249553172.post-5151509349680702717</id><published>2009-12-14T10:41:00.001-05:00</published><updated>2009-12-14T10:50:32.261-05:00</updated><title type='text'>Apple (AAPL)</title><content type='html'>Readers probably tire of us saying this, but AAPL has been the most important stock in the current market rally. It has the most institutional sponsorship among winning stocks this year.&lt;br /&gt;
&lt;br /&gt;
For only the second time this year it has paused to form a base. History teaches that stocks rising out of constructive bases provide the lowest risk entry points for gains.&lt;br /&gt;
&lt;br /&gt;
AAPL has formed a seven week Square Box pattern. According to O&#39;Neil these patterns only last seven weeks so we should expect a move one way or the other imminently. Two weeks ago price broke below its 50 MA but last week price made a power move back over the line. It closed the week just below as it retraced some of its gains on light volume.&lt;br /&gt;
&lt;br /&gt;
&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;http://4.bp.blogspot.com/_wqqvIHUgQmk/SyZeu5RE0nI/AAAAAAAAALM/ChM6Ac5IPuk/s1600-h/AAPL+daily+No+2+09+12.JPG&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://4.bp.blogspot.com/_wqqvIHUgQmk/SyZeu5RE0nI/AAAAAAAAALM/ChM6Ac5IPuk/s320/AAPL+daily+No+2+09+12.JPG&quot; /&gt;&lt;/a&gt;&lt;br /&gt;
&lt;/div&gt;&lt;br /&gt;
Should the market assert itself and launch another leg higher we believe AAPL will be in the vanguard of stocks scoring fresh gains. We&#39;d be buyers of any volume move over the brief downtrend line in the base, which could indicate a fresh break out is underway.</content><link rel='replies' type='application/atom+xml' href='http://ifal-tradingideas.blogspot.com/feeds/5151509349680702717/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/12/apple-aapl.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/5151509349680702717'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/5151509349680702717'/><link rel='alternate' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/12/apple-aapl.html' title='Apple (AAPL)'/><author><name>Frank Ferrara</name><uri>http://www.blogger.com/profile/15846171974989943857</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='24' src='//blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEndfT34V6uYOrAUTSGzU5VOK468-VAPne9Dmb24_ohJ9JEEhSSrrnBOV8BoJBXjgxNEeYvJJQbkk2MaPn_nDAuMY_cmNWM-BVW6jYY9M6j5dHhMOGP2dgB6z1R_Kyiw/s220/IMG_2205.JPG'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://4.bp.blogspot.com/_wqqvIHUgQmk/SyZeu5RE0nI/AAAAAAAAALM/ChM6Ac5IPuk/s72-c/AAPL+daily+No+2+09+12.JPG" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5762303565249553172.post-4560570655094539358</id><published>2009-12-14T09:51:00.004-05:00</published><updated>2009-12-14T10:34:10.048-05:00</updated><title type='text'>Dow Chemical (DOW)</title><content type='html'>Dow Chemical (DOW) had a near death experience in its takeover of Rohm and Haas last year. They offered a rich premium and committed to significant debt as the economy was imploding. They desperately tried to extricate themselves from the deal but were legally bound to it.&lt;br /&gt;
&lt;br /&gt;
Turns out that was a good thing.&lt;br /&gt;
&lt;br /&gt;
Dow&#39;s stock price has about quintupled off the market lows. And recently they announced the consolidation of the Rohm buy is going so well they expect FY &#39;12 EPS of $4-4.50 per share, well above analyst views of $2.50. The increased earnings power means that DOW is trading at little more than 6x&#39;s 2 year forward estimates.&lt;br /&gt;
&lt;br /&gt;
The stock gapped to new 52 week highs on the news but has since eased back to the 50 MA where it has found support.&lt;br /&gt;
&lt;br /&gt;
&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;http://4.bp.blogspot.com/_wqqvIHUgQmk/SyZa2gG1ZWI/AAAAAAAAALE/gsXKWid_6bU/s1600-h/DOW+weekly+09+12.JPG&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://4.bp.blogspot.com/_wqqvIHUgQmk/SyZa2gG1ZWI/AAAAAAAAALE/gsXKWid_6bU/s320/DOW+weekly+09+12.JPG&quot; /&gt;&lt;/a&gt;&lt;br /&gt;
&lt;/div&gt;&lt;br /&gt;
We like it here as it gaps modestly higher this morning. We&#39;ll use $26 as our stop. Our objective is to treat this as a core holding in a recovering economy.</content><link rel='replies' type='application/atom+xml' href='http://ifal-tradingideas.blogspot.com/feeds/4560570655094539358/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/12/blog-post.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/4560570655094539358'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/4560570655094539358'/><link rel='alternate' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/12/blog-post.html' title='Dow Chemical (DOW)'/><author><name>Frank Ferrara</name><uri>http://www.blogger.com/profile/15846171974989943857</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='24' src='//blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEndfT34V6uYOrAUTSGzU5VOK468-VAPne9Dmb24_ohJ9JEEhSSrrnBOV8BoJBXjgxNEeYvJJQbkk2MaPn_nDAuMY_cmNWM-BVW6jYY9M6j5dHhMOGP2dgB6z1R_Kyiw/s220/IMG_2205.JPG'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://4.bp.blogspot.com/_wqqvIHUgQmk/SyZa2gG1ZWI/AAAAAAAAALE/gsXKWid_6bU/s72-c/DOW+weekly+09+12.JPG" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5762303565249553172.post-4494535640159880764</id><published>2009-12-10T10:10:00.001-05:00</published><updated>2009-12-10T12:02:43.022-05:00</updated><title type='text'>Bucyrus Int&#39;l (BUCY)</title><content type='html'>The pick and shovel companies that assist miners in their operations have had an excellent run, none more so than Bucyrus (BUCY). With solid growth the company recently gained better than 60% out of a cup with handle base and has now paused to form what O&#39;Neil calls a Square Box base.&lt;br /&gt;
&lt;br /&gt;
&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;http://2.bp.blogspot.com/_wqqvIHUgQmk/SyEpkiq0f1I/AAAAAAAAAK0/ELUkg2ub_T4/s1600-h/BUCY+weekly+09+12.JPG&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://2.bp.blogspot.com/_wqqvIHUgQmk/SyEpkiq0f1I/AAAAAAAAAK0/ELUkg2ub_T4/s320/BUCY+weekly+09+12.JPG&quot; /&gt;&lt;/a&gt;&lt;br /&gt;
&lt;/div&gt;&lt;br /&gt;
We have every reason to expect mining to remain strong and thus seek entry into this stock. We are intrigued by the way price recently undercut the lows in the base and then bounced back. Today price is starting to push back higher and we are buying at the market with a stop under $50. Our objective is to participate in a break out to new highs.&lt;br /&gt;
&lt;br /&gt;
&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;http://2.bp.blogspot.com/_wqqvIHUgQmk/SyEpq2DP46I/AAAAAAAAAK8/a0XsnlIpH9Y/s1600-h/BUCY+daily+09+12.JPG&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://2.bp.blogspot.com/_wqqvIHUgQmk/SyEpq2DP46I/AAAAAAAAAK8/a0XsnlIpH9Y/s320/BUCY+daily+09+12.JPG&quot; /&gt;&lt;/a&gt;&lt;br /&gt;
&lt;/div&gt;&lt;br /&gt;
Competitor Joy Global (JOYG) is set to release earnings next week. Although BUCY will not report until February this event should be a near term catalyst for the stock.</content><link rel='replies' type='application/atom+xml' href='http://ifal-tradingideas.blogspot.com/feeds/4494535640159880764/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/12/bucyrus-intl-bucy.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/4494535640159880764'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/4494535640159880764'/><link rel='alternate' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/12/bucyrus-intl-bucy.html' title='Bucyrus Int&#39;l (BUCY)'/><author><name>Frank Ferrara</name><uri>http://www.blogger.com/profile/15846171974989943857</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='24' src='//blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEndfT34V6uYOrAUTSGzU5VOK468-VAPne9Dmb24_ohJ9JEEhSSrrnBOV8BoJBXjgxNEeYvJJQbkk2MaPn_nDAuMY_cmNWM-BVW6jYY9M6j5dHhMOGP2dgB6z1R_Kyiw/s220/IMG_2205.JPG'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://2.bp.blogspot.com/_wqqvIHUgQmk/SyEpkiq0f1I/AAAAAAAAAK0/ELUkg2ub_T4/s72-c/BUCY+weekly+09+12.JPG" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5762303565249553172.post-1158660211084965853</id><published>2009-12-10T09:57:00.002-05:00</published><updated>2009-12-10T11:25:50.008-05:00</updated><title type='text'>Barrick Gold Corp (ABX)</title><content type='html'>We expected a greater correction in the price of gold, and it may yet come, but when it is over clearly well selected mining plays have shown the potential to outperform the price of the underlying ore itself. While Barrick has gained as much as 33% since gold began its move it lags the best performers which have gained better than 50%. Still, we expect far better things from Barrick Gold (ABX) going forward and favor it now as our miner of choice.&lt;br /&gt;
&lt;br /&gt;
The reason is that Barrick has traditionally heavily hedged their production. This shielded them from the volatility in gold&#39;s price, but with this asset in a clear uptrend for the better part of a decade the company has robbed itself of the benefit of gold&#39;s rise.&lt;br /&gt;
&lt;br /&gt;
No longer.&lt;br /&gt;
&lt;br /&gt;
Recently the company unwound the last of its hedges. Given that this is one of the largest and most liquid gold miners on the market we believe the stock will become a vehicle of choice for those seeking exposure to the mining sector.&lt;br /&gt;
&lt;br /&gt;
Barrick&#39;s stock price has pulled back with the price of gold, and is trying to turn at its 50 MA. While material stocks will react more to the price of their underlying asset than to technical signals, should the price of gold turn soon we feel entry here will be compelling. We will enter a long position over yesterday&#39;s high with a stop under yesterday&#39;s low.&lt;br /&gt;
&lt;br /&gt;
&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;http://1.bp.blogspot.com/_wqqvIHUgQmk/SyEg6Ir5JgI/AAAAAAAAAKs/v0iMNSlHtO8/s1600-h/ABX+daily+09+12.JPG&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://1.bp.blogspot.com/_wqqvIHUgQmk/SyEg6Ir5JgI/AAAAAAAAAKs/v0iMNSlHtO8/s320/ABX+daily+09+12.JPG&quot; /&gt;&lt;/a&gt;&lt;br /&gt;
&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://ifal-tradingideas.blogspot.com/feeds/1158660211084965853/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/12/barrick-gold-corp-abx.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/1158660211084965853'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/1158660211084965853'/><link rel='alternate' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/12/barrick-gold-corp-abx.html' title='Barrick Gold Corp (ABX)'/><author><name>Frank Ferrara</name><uri>http://www.blogger.com/profile/15846171974989943857</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='24' src='//blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEndfT34V6uYOrAUTSGzU5VOK468-VAPne9Dmb24_ohJ9JEEhSSrrnBOV8BoJBXjgxNEeYvJJQbkk2MaPn_nDAuMY_cmNWM-BVW6jYY9M6j5dHhMOGP2dgB6z1R_Kyiw/s220/IMG_2205.JPG'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://1.bp.blogspot.com/_wqqvIHUgQmk/SyEg6Ir5JgI/AAAAAAAAAKs/v0iMNSlHtO8/s72-c/ABX+daily+09+12.JPG" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5762303565249553172.post-8611047478918826956</id><published>2009-12-09T23:24:00.000-05:00</published><updated>2009-12-09T23:24:28.486-05:00</updated><title type='text'>Is it Time to Buy Back Gold?</title><content type='html'>&lt;div class=&quot;MsoNormal&quot;&gt;We’re surprised. We expected an uncomfortable correction in gold. While it has quickly fallen as much as $110 a share that’s only a correction of about 9%. &lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;There has been some discomfort. We like how it pulled back to its 20 MA, tried to reverse, and failed. The 10 and 20 MA’s are normally the first support areas for price in an aggressive uptrend. Gold had ridden its 10 MA since breaking out of its second minor correction in October. Twice previously it had found support at its 20 MA and traders reflexively sought to buy it on this most recent visit. The failure of the setup, which we expected, confirmed our suspicions that bullishness was so rampant the correction had further to go. We expected a break of the 50 MA before a reversal, which would be sufficient to scare out a lot of weak and late holders.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;http://4.bp.blogspot.com/_wqqvIHUgQmk/SyB39ROI9WI/AAAAAAAAAKM/E8GsvQZyTFo/s1600-h/%24GOLD+daily+09+12.JPG&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://4.bp.blogspot.com/_wqqvIHUgQmk/SyB39ROI9WI/AAAAAAAAAKM/E8GsvQZyTFo/s320/%24GOLD+daily+09+12.JPG&quot; /&gt;&lt;/a&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;But frankly the news flow worries us. Normally when a correction occurs bearish arguments hold sway and cast doubt in investors’ minds. It causes many to question their thesis for being long in the first place.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;But over the last few days the news has been nothing but bullish for gold. Shall we count the ways?&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;President Obama has announced yet another stimulus plan, even in spite of an economy that appears to be turning around. He is clearly panicked about losing his majorities in Congress in elections next year and believes massive spending is the only way to turn around employment sufficiently to spare his party from losses.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;The Japanese have announced yet another in a lengthy list of stimulus packages dating back to the early ‘90’s. President Obama should pay heed. These stimulus packages have done nothing but make &lt;st1:country-region&gt;&lt;st1:place&gt;Japan&lt;/st1:place&gt;&lt;/st1:country-region&gt; the largest debtor nation on earth and undermined its currency. &lt;st1:country-region&gt;&lt;st1:place&gt;Japan&lt;/st1:place&gt;&lt;/st1:country-region&gt; has been in and out of recession for nearing twenty years.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;Peripheral European economies are on debt watch, including &lt;st1:country-region&gt;&lt;st1:place&gt;Greece&lt;/st1:place&gt;&lt;/st1:country-region&gt; and &lt;st1:country-region&gt;&lt;st1:place&gt;Spain&lt;/st1:place&gt;&lt;/st1:country-region&gt;.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;All of these items simply serve to underscore to investors the lack of credibility of the world’s major fiat currencies. Where do investors seeking refuge from the storm turn? To gold, of course.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;Technically gold is due for a correction of 20% or greater over a period of a couple months. But the news flow argues that investors should be on guard to reenter this trade sooner. Today price put in a doji candle, the second reversal setup in three days. The last one failed. Given the news flow this one might not.&lt;br /&gt;
&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://ifal-tradingideas.blogspot.com/feeds/8611047478918826956/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/12/is-it-time-to-buy-back-gold.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/8611047478918826956'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/8611047478918826956'/><link rel='alternate' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/12/is-it-time-to-buy-back-gold.html' title='Is it Time to Buy Back Gold?'/><author><name>Frank Ferrara</name><uri>http://www.blogger.com/profile/15846171974989943857</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='24' src='//blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEndfT34V6uYOrAUTSGzU5VOK468-VAPne9Dmb24_ohJ9JEEhSSrrnBOV8BoJBXjgxNEeYvJJQbkk2MaPn_nDAuMY_cmNWM-BVW6jYY9M6j5dHhMOGP2dgB6z1R_Kyiw/s220/IMG_2205.JPG'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://4.bp.blogspot.com/_wqqvIHUgQmk/SyB39ROI9WI/AAAAAAAAAKM/E8GsvQZyTFo/s72-c/%24GOLD+daily+09+12.JPG" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5762303565249553172.post-7256618616210160180</id><published>2009-12-02T23:48:00.002-05:00</published><updated>2009-12-02T23:48:46.453-05:00</updated><title type='text'>Potash Corp Saskatchewan (POT)</title><content type='html'>&lt;div class=&quot;MsoNormal&quot;&gt;The move by Potash (&lt;st1:stockticker&gt;POT&lt;/st1:stockticker&gt;) lately serves as a prime example of what we are looking for. It fits two of our profiles of what is working in the current environment, being both a commodity stock and a big cap with international exposure. And the price and volume action, not to mention the chart, are superb. &lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;Potash producers in particular have been graced with considerable good news of late regarding demand for their product. And today the entire fertilizer sector got a boost on news that the Chinese (yep, them again) are in negotiations for a major purchase.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;Price formed a cup with handle base. Volume mounted as the right side of the base was forged, exactly the kind of action you want to see in an imminent break out. The stock first broke out of a handle that was a bit low in the base. These buy points are usually best avoided although in this case the gambit has worked. A second, more proper, handle was established over the last few days, wedging lower on volume that evaporated. With volume reaccelerating the stock started breaking out yesterday and today broke completely out of the base scoring 52 week highs. It is extended here but looks promising for further gains in a continuing bull market.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;http://4.bp.blogspot.com/_wqqvIHUgQmk/SxdDCdQdJkI/AAAAAAAAAJI/V2FovEeLCbQ/s1600-h/POT+daily+09+12.JPG&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://4.bp.blogspot.com/_wqqvIHUgQmk/SxdDCdQdJkI/AAAAAAAAAJI/V2FovEeLCbQ/s320/POT+daily+09+12.JPG&quot; /&gt;&lt;/a&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;http://1.bp.blogspot.com/_wqqvIHUgQmk/SxdDJ1TQBhI/AAAAAAAAAJQ/8eb5Biy0FYQ/s1600-h/POT+weekly+09+12.JPG&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://1.bp.blogspot.com/_wqqvIHUgQmk/SxdDJ1TQBhI/AAAAAAAAAJQ/8eb5Biy0FYQ/s320/POT+weekly+09+12.JPG&quot; /&gt;&lt;/a&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;o:p&gt;We’d recommend purchase on a pullback to the $119 - $120 area. Of note &lt;st1:stockticker&gt;POT&lt;/st1:stockticker&gt; has no significant resistance until $140 - $150 and those prices are from September 2008. History suggests that after a year overhead supply becomes less of a factor, auguring well for this play.&lt;/o:p&gt;&lt;br /&gt;
&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://ifal-tradingideas.blogspot.com/feeds/7256618616210160180/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/12/potash-corp-saskatchewan-pot.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/7256618616210160180'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/7256618616210160180'/><link rel='alternate' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/12/potash-corp-saskatchewan-pot.html' title='Potash Corp Saskatchewan (POT)'/><author><name>Frank Ferrara</name><uri>http://www.blogger.com/profile/15846171974989943857</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='24' src='//blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEndfT34V6uYOrAUTSGzU5VOK468-VAPne9Dmb24_ohJ9JEEhSSrrnBOV8BoJBXjgxNEeYvJJQbkk2MaPn_nDAuMY_cmNWM-BVW6jYY9M6j5dHhMOGP2dgB6z1R_Kyiw/s220/IMG_2205.JPG'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://4.bp.blogspot.com/_wqqvIHUgQmk/SxdDCdQdJkI/AAAAAAAAAJI/V2FovEeLCbQ/s72-c/POT+daily+09+12.JPG" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5762303565249553172.post-4055562189370427703</id><published>2009-11-24T23:40:00.004-05:00</published><updated>2009-11-26T21:43:09.099-05:00</updated><title type='text'>Time to Take Some Profits on Gold</title><content type='html'>&lt;div class=&quot;MsoNormal&quot;&gt;On September 2&lt;sup&gt;nd&lt;/sup&gt; the price of gold broke above an important trend line. Gold had put in a superb base, lasting nearly 18 months from March 2008. The last seven months of the base featured increasingly tight trading, auguring a powerful break out.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;http://3.bp.blogspot.com/_wqqvIHUgQmk/Swy0bbtP66I/AAAAAAAAAIg/AfV9wQ9QPsI/s1600/%24GOLD+monthly+09+11.JPG&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://3.bp.blogspot.com/_wqqvIHUgQmk/Swy0bbtP66I/AAAAAAAAAIg/AfV9wQ9QPsI/s320/%24GOLD+monthly+09+11.JPG&quot; /&gt;&lt;/a&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot; style=&quot;text-align: center;&quot;&gt;&lt;o:p&gt;&amp;nbsp;&lt;a href=&quot;http://3.bp.blogspot.com/_wqqvIHUgQmk/Swy0dfubQ5I/AAAAAAAAAIo/behpBb8JJds/s1600/%24GOLD+weekly+09+11.JPG&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://3.bp.blogspot.com/_wqqvIHUgQmk/Swy0dfubQ5I/AAAAAAAAAIo/behpBb8JJds/s320/%24GOLD+weekly+09+11.JPG&quot; /&gt;&lt;/a&gt;&lt;/o:p&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
And so it has been. The position has been up over 20% at recent intraday highs. And it’s probably not over yet. An 18 month base suggests a measured move is a valid target, and that would take us to about 1300 or so. &lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;Twenty percent is a fine profit for a commodity trade. For those that took &lt;a href=&quot;http://ifal-tradingideas.blogspot.com/2009/08/golden-triangle-gld.html#comments&quot;&gt;our suggestion to go long&lt;/a&gt; we believe this is a good time to cash some in. Not all of it, just enough to make the inevitable, likely volatile pullback easier to endure.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;Why lock down some profits now when technicals tell us 1300 is a not unreasonable target?&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;http://1.bp.blogspot.com/_wqqvIHUgQmk/Swy04ppYPvI/AAAAAAAAAIw/MocxfFcOVTc/s1600/Schmeckel.JPG&quot; imageanchor=&quot;1&quot; style=&quot;clear: right; float: right; margin-bottom: 1em; margin-left: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://1.bp.blogspot.com/_wqqvIHUgQmk/Swy04ppYPvI/AAAAAAAAAIw/MocxfFcOVTc/s200/Schmeckel.JPG&quot; /&gt;&lt;/a&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;Because the animal spirits are starting to flow. Novice money is being attracted into the trade. The number of advertisements on TV and other media is mounting. And this evening we received an unsolicited e-mail from The Street.com to subscribe to their products that pump gold investments. It was headlined by a smiling Jim Cramer posing with thumb up and&amp;nbsp;this superb analysis in the caption: “Cramer says: ‘The rally in gold is a good thing.” What an oracle.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;These are signs that the intelligent investor, who leads the crowd, should accommodate those less knowledgeable who are eager to make a purchase best made months ago.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;We don’t know when or even if the price of gold will correct. We do know that it has become unmoored from all reality. Previously it was tethered to the US Dollar index, rising as the dollar fell. But lately even as the dollar has stabilized gold has continued its ascent, accelerating as the dollar moves sideways. This is a sign of an overheated, overcrowded trade. It is as likely to continue in the near term as it is to react to a seemingly innocuous headline as an excuse to embark upon a harsh correction.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;Investors make the most money when risk seems at its highest. Paradoxically as prices rise those that are increasingly risk averse become emboldened to commit. The most risk averse tend to invest at what turns out to be the moment of greatest peril. They do so because they perceive that a constantly rising price has removed the risk. These are the people that are beginning to plunge into gold. They are exposing themselves to the likelihood of a harsh lesson.&lt;br /&gt;
&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://ifal-tradingideas.blogspot.com/feeds/4055562189370427703/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/11/time-to-take-some-profits-on-gold.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/4055562189370427703'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/4055562189370427703'/><link rel='alternate' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/11/time-to-take-some-profits-on-gold.html' title='Time to Take Some Profits on Gold'/><author><name>Frank Ferrara</name><uri>http://www.blogger.com/profile/15846171974989943857</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='24' src='//blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEndfT34V6uYOrAUTSGzU5VOK468-VAPne9Dmb24_ohJ9JEEhSSrrnBOV8BoJBXjgxNEeYvJJQbkk2MaPn_nDAuMY_cmNWM-BVW6jYY9M6j5dHhMOGP2dgB6z1R_Kyiw/s220/IMG_2205.JPG'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://3.bp.blogspot.com/_wqqvIHUgQmk/Swy0bbtP66I/AAAAAAAAAIg/AfV9wQ9QPsI/s72-c/%24GOLD+monthly+09+11.JPG" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5762303565249553172.post-8591378057272140844</id><published>2009-11-18T14:02:00.002-05:00</published><updated>2009-11-18T15:37:46.667-05:00</updated><title type='text'>Dendreon Corp (DNDN) update</title><content type='html'>We&#39;ve &lt;a href=&quot;http://ifal-tradingideas.blogspot.com/2009/09/dendreon-corp-dndn.html&quot;&gt;profiled&lt;/a&gt; this wonderful pattern several times, what O&#39;Neil calls a base on top of a base. It is very bullish.&lt;br /&gt;
&lt;br /&gt;
Previously we looked for entry in the earlier double bottom with handle.&lt;br /&gt;
&lt;br /&gt;
Coincidentally the second pattern is also a double bottom with handle. There are 2 concerns we have, though. The first is that there is no accumulation in this latest formation: &amp;nbsp;not one day of gains on above average volume. The other is that until today the handle wedged upward. You want to see the lows of the handle edge down to shake out weak holders.&lt;br /&gt;
&lt;br /&gt;
With this afternoon&#39;s move you&#39;re getting that. We&#39;d keep DNDN on the long radar should the market stabilize. This could be an interesting and low risk entry to position yourself for a potential break out.&lt;br /&gt;
&lt;br /&gt;
&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;http://2.bp.blogspot.com/_wqqvIHUgQmk/SwRbFkf5TKI/AAAAAAAAAIY/T1_4Jb0UJd4/s1600/DNDN+daily+09+11.JPG&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://2.bp.blogspot.com/_wqqvIHUgQmk/SwRbFkf5TKI/AAAAAAAAAIY/T1_4Jb0UJd4/s320/DNDN+daily+09+11.JPG&quot; /&gt;&lt;/a&gt;&lt;br /&gt;
&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://ifal-tradingideas.blogspot.com/feeds/8591378057272140844/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/11/dendreon-corp-dndn-update.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/8591378057272140844'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/8591378057272140844'/><link rel='alternate' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/11/dendreon-corp-dndn-update.html' title='Dendreon Corp (DNDN) update'/><author><name>Frank Ferrara</name><uri>http://www.blogger.com/profile/15846171974989943857</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='24' src='//blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEndfT34V6uYOrAUTSGzU5VOK468-VAPne9Dmb24_ohJ9JEEhSSrrnBOV8BoJBXjgxNEeYvJJQbkk2MaPn_nDAuMY_cmNWM-BVW6jYY9M6j5dHhMOGP2dgB6z1R_Kyiw/s220/IMG_2205.JPG'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://2.bp.blogspot.com/_wqqvIHUgQmk/SwRbFkf5TKI/AAAAAAAAAIY/T1_4Jb0UJd4/s72-c/DNDN+daily+09+11.JPG" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5762303565249553172.post-7369649101796725002</id><published>2009-11-17T00:00:00.000-05:00</published><updated>2009-11-17T00:00:02.820-05:00</updated><title type='text'>Trading Recommendations for Tuesday 17 November</title><content type='html'>&lt;div class=&quot;MsoNormal&quot;&gt;On our sister blog we recommended considering smaller capitalization names again given Monday’s renewed strength in that area. Accordingly we profile &lt;a href=&quot;http://ifal-tradingideas.blogspot.com/2009/11/buffalo-wild-wings-bwld_16.html&quot;&gt;Buffalo Wild Wings (BWLD)&lt;/a&gt; and&amp;nbsp;&lt;a href=&quot;http://ifal-tradingideas.blogspot.com/2009/11/coeur-dalene-mines-cde-silver-made.html&quot;&gt;Coeur d&#39;Alene Mines (CDE)&lt;/a&gt;. &lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;If you have not previously taken entry in &lt;a href=&quot;http://ifal-tradingideas.blogspot.com/2009/11/joseph-bank-josb.html&quot;&gt;Jos. A. Bank (JOSB)&lt;/a&gt;, per our profile last week, re do not believe it is too late to look for entry in this stock using O’Neil’s Shake Out Plus 3 method for double bottom bases.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;http://1.bp.blogspot.com/_wqqvIHUgQmk/SwIt0OdUFLI/AAAAAAAAAIQ/A94tYYw3rus/s1600/JOSB+2nd+daily+09+11.JPG&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://1.bp.blogspot.com/_wqqvIHUgQmk/SwIt0OdUFLI/AAAAAAAAAIQ/A94tYYw3rus/s320/JOSB+2nd+daily+09+11.JPG&quot; /&gt;&lt;/a&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://ifal-tradingideas.blogspot.com/feeds/7369649101796725002/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/11/trading-recommendations-for-tuesday-17_17.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/7369649101796725002'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/7369649101796725002'/><link rel='alternate' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/11/trading-recommendations-for-tuesday-17_17.html' title='Trading Recommendations for Tuesday 17 November'/><author><name>Frank Ferrara</name><uri>http://www.blogger.com/profile/15846171974989943857</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='24' src='//blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEndfT34V6uYOrAUTSGzU5VOK468-VAPne9Dmb24_ohJ9JEEhSSrrnBOV8BoJBXjgxNEeYvJJQbkk2MaPn_nDAuMY_cmNWM-BVW6jYY9M6j5dHhMOGP2dgB6z1R_Kyiw/s220/IMG_2205.JPG'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://1.bp.blogspot.com/_wqqvIHUgQmk/SwIt0OdUFLI/AAAAAAAAAIQ/A94tYYw3rus/s72-c/JOSB+2nd+daily+09+11.JPG" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5762303565249553172.post-772856840491141867</id><published>2009-11-16T23:45:00.000-05:00</published><updated>2009-11-16T23:45:02.111-05:00</updated><title type='text'>Buffalo Wild Wings (BWLD)</title><content type='html'>&lt;div class=&quot;MsoNormal&quot;&gt;Last week McDonald’s (&lt;st1:stockticker&gt;MCD&lt;/st1:stockticker&gt;) powered into new high ground. We were taken aback as restaurants have been among the poorest market performers. But Monday morning’s retail sales report indicates Americans are trickling back into eateries, and BWLD is among the strongest up and coming franchise concepts around.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;After running early in the bull market the group has rested and BWLD has formed a seven month cup with handle base. We’re not in love with the handle. Volume has been a bit too noisy and the handle bases sideways instead of lower. But we like how volume dried up the last two weeks before accelerating Monday as price tried to breach the downtrend line formed by the September and October highs.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;We’d be buyers on any volume move higher.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;http://2.bp.blogspot.com/_wqqvIHUgQmk/SwIqSuafi4I/AAAAAAAAAH8/MUuyZyWtfhU/s1600/BWLD+daily+09+11.JPG&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://2.bp.blogspot.com/_wqqvIHUgQmk/SwIqSuafi4I/AAAAAAAAAH8/MUuyZyWtfhU/s320/BWLD+daily+09+11.JPG&quot; /&gt;&lt;/a&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://ifal-tradingideas.blogspot.com/feeds/772856840491141867/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/11/buffalo-wild-wings-bwld_16.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/772856840491141867'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/772856840491141867'/><link rel='alternate' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/11/buffalo-wild-wings-bwld_16.html' title='Buffalo Wild Wings (BWLD)'/><author><name>Frank Ferrara</name><uri>http://www.blogger.com/profile/15846171974989943857</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='24' src='//blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEndfT34V6uYOrAUTSGzU5VOK468-VAPne9Dmb24_ohJ9JEEhSSrrnBOV8BoJBXjgxNEeYvJJQbkk2MaPn_nDAuMY_cmNWM-BVW6jYY9M6j5dHhMOGP2dgB6z1R_Kyiw/s220/IMG_2205.JPG'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://2.bp.blogspot.com/_wqqvIHUgQmk/SwIqSuafi4I/AAAAAAAAAH8/MUuyZyWtfhU/s72-c/BWLD+daily+09+11.JPG" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5762303565249553172.post-6454446242252064803</id><published>2009-11-16T23:41:00.003-05:00</published><updated>2009-11-16T23:42:20.470-05:00</updated><title type='text'>Coeur d’Alene Mines (CDE)</title><content type='html'>&lt;div class=&quot;MsoNormal&quot;&gt;Silver made an impressive break out move today indicating it is beginning a second leg higher. &lt;st1:stockticker&gt;CDE&lt;/st1:stockticker&gt; rose on volume off its 50 MA and was turned back at a trend line connecting recent highs.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;Price originally broke out of a well formed base when silver made its earlier move in September. It broke from a price point just south of $17 and ran nearly 50%. &lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;While the price of silver based &lt;st1:stockticker&gt;CDE&lt;/st1:stockticker&gt; has pulled back constructively to its 50 MA for the first time since the break out. O’Neil teaches that the first touch of this line after a break out in a continuing bull market is most often buyable for further gains. &lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;We’d be buyers here on a breach of the trend line.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;http://3.bp.blogspot.com/_wqqvIHUgQmk/SwIpkKGSAUI/AAAAAAAAAH0/QvgvGS_5cE0/s1600/CDE+daily+09+11.JPG&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://3.bp.blogspot.com/_wqqvIHUgQmk/SwIpkKGSAUI/AAAAAAAAAH0/QvgvGS_5cE0/s320/CDE+daily+09+11.JPG&quot; /&gt;&lt;/a&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://ifal-tradingideas.blogspot.com/feeds/6454446242252064803/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/11/coeur-dalene-mines-cde-silver-made.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/6454446242252064803'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/6454446242252064803'/><link rel='alternate' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/11/coeur-dalene-mines-cde-silver-made.html' title='Coeur d’Alene Mines (CDE)'/><author><name>Frank Ferrara</name><uri>http://www.blogger.com/profile/15846171974989943857</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='24' src='//blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEndfT34V6uYOrAUTSGzU5VOK468-VAPne9Dmb24_ohJ9JEEhSSrrnBOV8BoJBXjgxNEeYvJJQbkk2MaPn_nDAuMY_cmNWM-BVW6jYY9M6j5dHhMOGP2dgB6z1R_Kyiw/s220/IMG_2205.JPG'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://3.bp.blogspot.com/_wqqvIHUgQmk/SwIpkKGSAUI/AAAAAAAAAH0/QvgvGS_5cE0/s72-c/CDE+daily+09+11.JPG" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5762303565249553172.post-8401519916066550366</id><published>2009-11-16T00:18:00.002-05:00</published><updated>2009-11-16T23:43:20.389-05:00</updated><title type='text'>Big Cap Suggestions for a Rally That Might Not Be Done Yet (PCLN, BIDU, GG, CRM, BLK, AAPL)</title><content type='html'>&lt;div class=&quot;MsoNormal&quot;&gt;&lt;b&gt;Priceline (PCLN)&lt;/b&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;This stock bounced off its 50 MA and exploded to 52 week highs last week on earnings. It was buyable on the gap up. If you missed that a excellent entry point in a stock that gaps explosively and is likely to continue will often come on an undercut of a prior low in the pattern. Usually that comes when price dips into the gap. Eager buyers will often provide “gap support.” &lt;st1:stockticker&gt;PCLN&lt;/st1:stockticker&gt; is sufficiently strong that it has not yet tested the gap. But it did undercut Wednesday’s low on Friday. The stock climbed nicely from this “failure.” It’s a buy here with a stop under Friday’s low. Should it stop out we’d look at reentry on gap support.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;http://4.bp.blogspot.com/_wqqvIHUgQmk/SwDf5iQDunI/AAAAAAAAAGs/xSO1WlzrRLA/s1600/PCLN+daily+09+11.JPG&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://4.bp.blogspot.com/_wqqvIHUgQmk/SwDf5iQDunI/AAAAAAAAAGs/xSO1WlzrRLA/s320/PCLN+daily+09+11.JPG&quot; /&gt;&lt;/a&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;b&gt;Baidu (BIDU)&lt;/b&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;BIDU broke down hard on earnings. Usually this kind of high volume break down signals the end of a stock’s run. Shorting the bounce back can be quite profitable. Except BIDU has had two legs up off its bottom, has flirted with new all time highs, refused to sell off, and is basing near new highs. This is a sign of price wanting higher. The stock is offering valid entry on this bounce off the 50 MA. We’d be buyers of a move to new highs, or immediately with a tight stop.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;http://3.bp.blogspot.com/_wqqvIHUgQmk/SwDgAMOoORI/AAAAAAAAAG0/KB7rCqWjMTM/s1600/BIDU+daily+09+11.JPG&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://3.bp.blogspot.com/_wqqvIHUgQmk/SwDgAMOoORI/AAAAAAAAAG0/KB7rCqWjMTM/s320/BIDU+daily+09+11.JPG&quot; /&gt;&lt;/a&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;b&gt;Goldcorp (GG)&lt;/b&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;This stock has formed an improper base. The mid-point of the W is higher than the left side of the base, invalidating a double bottom pattern. The move off the top of the W went too deep to be considered a 50 MA rebound play. It was V shaped, which usually augurs price failure. But unless gold corrects, and it hasn’t done so materially even when the dollar has bounced, we like entry here not far off minor support around $43.50. We’d have little patience if price does not respect minor support or gold itself sees some profit taking.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;http://1.bp.blogspot.com/_wqqvIHUgQmk/SwDgH6K7cfI/AAAAAAAAAG8/8CyKG5urM58/s1600/GG+daily+09+11.JPG&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://1.bp.blogspot.com/_wqqvIHUgQmk/SwDgH6K7cfI/AAAAAAAAAG8/8CyKG5urM58/s320/GG+daily+09+11.JPG&quot; /&gt;&lt;/a&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;b&gt;Salesforce.com (&lt;/b&gt;&lt;st1:stockticker&gt;&lt;b&gt;CRM&lt;/b&gt;&lt;/st1:stockticker&gt;&lt;b&gt;)&lt;/b&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;This is a 50 MA rebound play and price moved to new highs on excellent volume on Friday ahead of earnings this coming Tuesday evening, November 17&lt;sup&gt;th&lt;/sup&gt;. This is a buy as it stands. We would only be willing to hold through earnings should we have a sufficient cushion in the stock. Otherwise our stop would be a move back into the consolidation.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;http://4.bp.blogspot.com/_wqqvIHUgQmk/SwDgPvHDp7I/AAAAAAAAAHE/QjofqARcJ9k/s1600/CRM+daily+09+11.JPG&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://4.bp.blogspot.com/_wqqvIHUgQmk/SwDgPvHDp7I/AAAAAAAAAHE/QjofqARcJ9k/s320/CRM+daily+09+11.JPG&quot; /&gt;&lt;/a&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;b&gt;Blackrock (&lt;/b&gt;&lt;st1:stockticker&gt;&lt;b&gt;BLK&lt;/b&gt;&lt;/st1:stockticker&gt;&lt;b&gt;)&lt;/b&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;This stock is a rather thin trader for a $12B company, but it has a 50 day average of $73MM moving through the stock, which is sufficiently liquid for us. The company will begin to see a sharp acceleration in earnings next quarter and it should last for several quarters, with 51% EPS growth projected for next year. Of course price has nearly trebled off the February bottom so this is well priced in, but the promise of these earnings is driving the trend.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;We have here yet another 50 MA rebound play. This one is more risky than the others because of the multiple touches of the line throughout the uptrend without forming a proper base. But we are using tight stops here. Early entry could be taken on a volume break above the trend line formed by trading over the last week. We’d use $230 as our stop.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;http://2.bp.blogspot.com/_wqqvIHUgQmk/SwDgXZTOfaI/AAAAAAAAAHM/5shJgTrC7mc/s1600/BLK+daily+09+11.JPG&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://2.bp.blogspot.com/_wqqvIHUgQmk/SwDgXZTOfaI/AAAAAAAAAHM/5shJgTrC7mc/s320/BLK+daily+09+11.JPG&quot; /&gt;&lt;/a&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;b&gt;Apple (&lt;/b&gt;&lt;st1:stockticker&gt;&lt;b&gt;AAPL&lt;/b&gt;&lt;/st1:stockticker&gt;&lt;b&gt;)&lt;/b&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;This is the first time &lt;st1:stockticker&gt;AAPL&lt;/st1:stockticker&gt; has come near its 50 MA since its last base in July. Price pierced the roughly equivalent 10 MA weekly, which is sufficient for us to consider this a 50 MA rebound play.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;The volume profile in this stock is just horrid, featuring above average volume on the decline and disinterested volume on the rebound. Often times a pattern like this will reverse hard when retesting the old highs and that could well happen here. But unless the market breaks down we don’t think it will. We have mentioned innumerable times that &lt;st1:stockticker&gt;AAPL&lt;/st1:stockticker&gt; is the most liquid leader of the bull market and we expect it to be among the last generals standing.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;http://4.bp.blogspot.com/_wqqvIHUgQmk/SwDgi7CWQ7I/AAAAAAAAAHU/5a8kTLcsNzk/s1600/AAPL+close+up+daily+09+11.JPG&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://4.bp.blogspot.com/_wqqvIHUgQmk/SwDgi7CWQ7I/AAAAAAAAAHU/5a8kTLcsNzk/s320/AAPL+close+up+daily+09+11.JPG&quot; /&gt;&lt;/a&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;You can enter here with a tight stop or buy a move to new highs on volume.&lt;br /&gt;
&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://ifal-tradingideas.blogspot.com/feeds/8401519916066550366/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/11/big-cap-suggestions-for-rally-that.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/8401519916066550366'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/8401519916066550366'/><link rel='alternate' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/11/big-cap-suggestions-for-rally-that.html' title='Big Cap Suggestions for a Rally That Might Not Be Done Yet (PCLN, BIDU, GG, CRM, BLK, AAPL)'/><author><name>Frank Ferrara</name><uri>http://www.blogger.com/profile/15846171974989943857</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='24' src='//blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEndfT34V6uYOrAUTSGzU5VOK468-VAPne9Dmb24_ohJ9JEEhSSrrnBOV8BoJBXjgxNEeYvJJQbkk2MaPn_nDAuMY_cmNWM-BVW6jYY9M6j5dHhMOGP2dgB6z1R_Kyiw/s220/IMG_2205.JPG'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://4.bp.blogspot.com/_wqqvIHUgQmk/SwDf5iQDunI/AAAAAAAAAGs/xSO1WlzrRLA/s72-c/PCLN+daily+09+11.JPG" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5762303565249553172.post-3683092378380131868</id><published>2009-11-12T14:39:00.002-05:00</published><updated>2009-11-12T14:54:56.120-05:00</updated><title type='text'>Home Inns and Hotels Management ADS (HMIN)</title><content type='html'>We &lt;a href=&quot;http://ifal-tradingideas.blogspot.com/2009/10/home-inns-and-hotels-management-ads.html&quot;&gt;previously profiled this stock&lt;/a&gt; when it set up in a powerful ascending base. It never triggered. Rather it sold off into earnings, ruining the pattern.&lt;br /&gt;
&lt;br /&gt;
But HMIN&#39;s decline was quickly arrested, the stock bounced back and then exploded to new highs on earnings earlier this week.&amp;nbsp;The company has now posted two consecutive quarters of triple digit year over year EPS acceleration. At least two more are projected.&lt;br /&gt;
&lt;br /&gt;
This is the first time the stock has bounced off its 50 MA since breaking out of a base in July and we consider this to be a buyable event.&lt;br /&gt;
&lt;br /&gt;
Price has pulled into the gap on today&#39;s market weakness but is bouncing back on good volume. We&#39;re taking entry just south of $34.50 on this rebound. Our stop will be under $34.</content><link rel='replies' type='application/atom+xml' href='http://ifal-tradingideas.blogspot.com/feeds/3683092378380131868/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/11/home-inns-and-hotels-management-ads.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/3683092378380131868'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/3683092378380131868'/><link rel='alternate' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/11/home-inns-and-hotels-management-ads.html' title='Home Inns and Hotels Management ADS (HMIN)'/><author><name>Frank Ferrara</name><uri>http://www.blogger.com/profile/15846171974989943857</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='24' src='//blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEndfT34V6uYOrAUTSGzU5VOK468-VAPne9Dmb24_ohJ9JEEhSSrrnBOV8BoJBXjgxNEeYvJJQbkk2MaPn_nDAuMY_cmNWM-BVW6jYY9M6j5dHhMOGP2dgB6z1R_Kyiw/s220/IMG_2205.JPG'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5762303565249553172.post-8103003781903696847</id><published>2009-11-10T10:36:00.002-05:00</published><updated>2009-11-10T11:01:29.208-05:00</updated><title type='text'>Talecris Biotherapeutics (TLCR)</title><content type='html'>TLCR is a recent IPO in the biotech space that makes&amp;nbsp;proprietary&amp;nbsp;blood products. This is not a microcap profitless company, but has a market cap of nearly $3B and a liquid share count. It is profitable.&lt;br /&gt;
&lt;br /&gt;
The company released its first earnings report as a public concern last night posting solid EPS and sales increases. Further earnings are expected to continue accelerating for Q4 after allowing for one time charges related to debt refinancing.&lt;br /&gt;
&lt;br /&gt;
The stock has formed a tight initial base after rising 20% from its offering price. Today it is gapping to new highs on the heels of coordinated upgrades by the underwriters.&lt;br /&gt;
&lt;br /&gt;
&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;http://4.bp.blogspot.com/_wqqvIHUgQmk/SvmKLgUuyPI/AAAAAAAAAGk/3kCWhnEycl4/s1600-h/TLCR+daily+09+11.JPG&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://4.bp.blogspot.com/_wqqvIHUgQmk/SvmKLgUuyPI/AAAAAAAAAGk/3kCWhnEycl4/s320/TLCR+daily+09+11.JPG&quot; /&gt;&lt;/a&gt;&lt;br /&gt;
&lt;/div&gt;&lt;br /&gt;
Price has traded above $23 before pulling back. The resistance point is $22.80. We&#39;re taking some shares as price moves back over $22.80 with a stop under $22.</content><link rel='replies' type='application/atom+xml' href='http://ifal-tradingideas.blogspot.com/feeds/8103003781903696847/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/11/talecris-biotherapeutics.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/8103003781903696847'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/8103003781903696847'/><link rel='alternate' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/11/talecris-biotherapeutics.html' title='Talecris Biotherapeutics (TLCR)'/><author><name>Frank Ferrara</name><uri>http://www.blogger.com/profile/15846171974989943857</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='24' src='//blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEndfT34V6uYOrAUTSGzU5VOK468-VAPne9Dmb24_ohJ9JEEhSSrrnBOV8BoJBXjgxNEeYvJJQbkk2MaPn_nDAuMY_cmNWM-BVW6jYY9M6j5dHhMOGP2dgB6z1R_Kyiw/s220/IMG_2205.JPG'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://4.bp.blogspot.com/_wqqvIHUgQmk/SvmKLgUuyPI/AAAAAAAAAGk/3kCWhnEycl4/s72-c/TLCR+daily+09+11.JPG" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5762303565249553172.post-8775698041914085973</id><published>2009-11-10T00:10:00.000-05:00</published><updated>2009-11-10T00:10:42.993-05:00</updated><title type='text'>Joseph A. Bank (JOSB)</title><content type='html'>&lt;div class=&quot;MsoNormal&quot;&gt;We hate their commercials. They are ubiquitous and annoying. But they’re effective.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;The company is highly promotional. For a long time we couldn’t figure out how they could make money by giving you a suit, a pair of pants and 12 shirts for free if you buy a pair of socks, but we’ve given up wondering. They are tremendously successful.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;We know. We’ve spent a lot of time telling you to buy big cap stocks. And this stock has not made a lot of growth screens. But they bumped up EPS by 42% last quarter after beating by 14c. They are projected to increase EPS only 10% this quarter, but analysts routinely underestimate their quarters.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;Very quietly the stock gained 65% during one three month period earlier this year. It has now spent 7 weeks consolidating its gains and has formed a double bottom base from which it has just started to rise. This can be a difficult stock to buy or hold using our usual methods. So we’re going to recommend entry here, just above last week’s high, using last week’s low as the stop.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;http://2.bp.blogspot.com/_wqqvIHUgQmk/Svj1r2hEiMI/AAAAAAAAAGc/ZWwitcKu6Qc/s1600-h/JOSB+daily+09+11.JPG&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://2.bp.blogspot.com/_wqqvIHUgQmk/Svj1r2hEiMI/AAAAAAAAAGc/ZWwitcKu6Qc/s320/JOSB+daily+09+11.JPG&quot; /&gt;&lt;/a&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://ifal-tradingideas.blogspot.com/feeds/8775698041914085973/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/11/joseph-bank-josb.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/8775698041914085973'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/8775698041914085973'/><link rel='alternate' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/11/joseph-bank-josb.html' title='Joseph A. Bank (JOSB)'/><author><name>Frank Ferrara</name><uri>http://www.blogger.com/profile/15846171974989943857</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='24' src='//blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEndfT34V6uYOrAUTSGzU5VOK468-VAPne9Dmb24_ohJ9JEEhSSrrnBOV8BoJBXjgxNEeYvJJQbkk2MaPn_nDAuMY_cmNWM-BVW6jYY9M6j5dHhMOGP2dgB6z1R_Kyiw/s220/IMG_2205.JPG'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://2.bp.blogspot.com/_wqqvIHUgQmk/Svj1r2hEiMI/AAAAAAAAAGc/ZWwitcKu6Qc/s72-c/JOSB+daily+09+11.JPG" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5762303565249553172.post-8793842089665294818</id><published>2009-11-10T00:08:00.000-05:00</published><updated>2009-11-10T00:08:25.133-05:00</updated><title type='text'>Cerner (CERN)</title><content type='html'>&lt;div class=&quot;MsoNormal&quot;&gt;Here’s a company of unexceptional performance. Earnings decelerated for the fifth quarter in a row at last report. The company missed sales estimates and they were lower for the third quarter in a row and negative year over year.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;And yet the stock goes higher. Much higher. Recently it went higher in 12 of 15 days, which O’Neil says qualifies the company as a buy candidate on its next significant pullback. That would be now.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;http://4.bp.blogspot.com/_wqqvIHUgQmk/Svj1P0pec2I/AAAAAAAAAGU/Ev5IAZoHhK8/s1600-h/CERN+daily+09+11.JPG&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://4.bp.blogspot.com/_wqqvIHUgQmk/Svj1P0pec2I/AAAAAAAAAGU/Ev5IAZoHhK8/s320/CERN+daily+09+11.JPG&quot; /&gt;&lt;/a&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;Cerner is the leader in medical software, a mid cap stock in a filed of mostly tiny companies. And it is rising because of President Obama’s stimulus plan that gives inducements to digitize medical records in an effort to reduce costs in the system.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;We frankly doubt this company has the wherewithal to deliver on these promises, but that’s besides the point. The market believes and that’s all that counts. Price recently ran over 40% in a month and half and has now pulled back to the 50 MA, from which it began to rise on Monday.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;We are not fans of the volume on the pullback, nor of the volume on Monday as it began to rise. We don’t think it matters. With medical stocks leading the 52 week highs lists we consider this a buy here using the 50 MA as your stop.&lt;br /&gt;
&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://ifal-tradingideas.blogspot.com/feeds/8793842089665294818/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/11/cerner-cern.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/8793842089665294818'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/8793842089665294818'/><link rel='alternate' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/11/cerner-cern.html' title='Cerner (CERN)'/><author><name>Frank Ferrara</name><uri>http://www.blogger.com/profile/15846171974989943857</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='24' src='//blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEndfT34V6uYOrAUTSGzU5VOK468-VAPne9Dmb24_ohJ9JEEhSSrrnBOV8BoJBXjgxNEeYvJJQbkk2MaPn_nDAuMY_cmNWM-BVW6jYY9M6j5dHhMOGP2dgB6z1R_Kyiw/s220/IMG_2205.JPG'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://4.bp.blogspot.com/_wqqvIHUgQmk/Svj1P0pec2I/AAAAAAAAAGU/Ev5IAZoHhK8/s72-c/CERN+daily+09+11.JPG" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5762303565249553172.post-1775319699962042531</id><published>2009-11-10T00:04:00.001-05:00</published><updated>2009-11-10T00:05:38.494-05:00</updated><title type='text'>Southwestern Energy (SWN)</title><content type='html'>&lt;div class=&quot;MsoNormal&quot;&gt;We still like this stock and with the correction over will take a position over last week’s high. Bear in mind price essentially found support at the top of the handle of the base discussed in &lt;a href=&quot;http://ifal-tradingideas.blogspot.com/2009/10/southwestern-energy-swn.html&quot;&gt;our last write up&lt;/a&gt; and also off the 50 MA, which will serve as our stop.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;http://2.bp.blogspot.com/_wqqvIHUgQmk/Svj0Xc2e1aI/AAAAAAAAAGM/dAidgJIzPys/s1600-h/SWN+weekly+09+11.JPG&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://2.bp.blogspot.com/_wqqvIHUgQmk/Svj0Xc2e1aI/AAAAAAAAAGM/dAidgJIzPys/s320/SWN+weekly+09+11.JPG&quot; /&gt;&lt;/a&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://ifal-tradingideas.blogspot.com/feeds/1775319699962042531/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/11/southwestern-energy-swn.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/1775319699962042531'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/1775319699962042531'/><link rel='alternate' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/11/southwestern-energy-swn.html' title='Southwestern Energy (SWN)'/><author><name>Frank Ferrara</name><uri>http://www.blogger.com/profile/15846171974989943857</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='24' src='//blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEndfT34V6uYOrAUTSGzU5VOK468-VAPne9Dmb24_ohJ9JEEhSSrrnBOV8BoJBXjgxNEeYvJJQbkk2MaPn_nDAuMY_cmNWM-BVW6jYY9M6j5dHhMOGP2dgB6z1R_Kyiw/s220/IMG_2205.JPG'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://2.bp.blogspot.com/_wqqvIHUgQmk/Svj0Xc2e1aI/AAAAAAAAAGM/dAidgJIzPys/s72-c/SWN+weekly+09+11.JPG" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5762303565249553172.post-558145447811173501</id><published>2009-11-10T00:02:00.000-05:00</published><updated>2009-11-10T00:02:47.418-05:00</updated><title type='text'>Green Mountain Coffee Roasters (GMCR)</title><content type='html'>&lt;div class=&quot;MsoNormal&quot;&gt;We have been singularly unsuccessful with this stock ever time we have recommended it. Bill O’Neil taught us that once you identify a big winner, never stop stalking it for ideal entry until it gives you reason to believe its story is at a conclusion.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;We don’t believe &lt;st1:stockticker&gt;GMCR&lt;/st1:stockticker&gt;’s story is anywhere near an epilogue.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;st1:stockticker&gt;GMCR&lt;/st1:stockticker&gt; purchased the Keurig coffee system and transformed the company into a growth vehicle. Perhaps last month’s most sensational takeover story was Peet’s (&lt;st1:stockticker&gt;PEET&lt;/st1:stockticker&gt;) acquisition of Diedrich (&lt;st1:stockticker&gt;DDRX&lt;/st1:stockticker&gt;), a maker under license of K-Cups, the consumables for the Keurig system. One look at the charts of the these two companies tells you that the Keurig system remains a growth driver and that &lt;st1:stockticker&gt;GMCR&lt;/st1:stockticker&gt; should have significant upside yet ahead of it.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;Yet the stock has been a hard hold, making sporadic outsized gains followed by torturous periods of trailing the market.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;We like &lt;st1:stockticker&gt;GMCR&lt;/st1:stockticker&gt; here for a few reasons. First, price is rising on some volume off the 50 MA, often an ideal entry point for an uptrending stock. Price has risen in two of the last five days off the MA on average or above average volume. The rest of the days the stock essentially based on light volume.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;http://4.bp.blogspot.com/_wqqvIHUgQmk/Svjz7hLnBtI/AAAAAAAAAGE/onFp36kC9kI/s1600-h/SBUX+daily+09+11.JPG&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://4.bp.blogspot.com/_wqqvIHUgQmk/Svjz7hLnBtI/AAAAAAAAAGE/onFp36kC9kI/s320/SBUX+daily+09+11.JPG&quot; /&gt;&lt;/a&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;More importantly there is an actionable event in front of us. The company is due to report earnings Wednesday after the bell.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;We’re interested in immediate entry in the stock using the 50 MA as our stop. Will we hold through earnings? If the stock moves Tuesday and Wednesday to give us sufficient cushion the answer is “yes.”&lt;br /&gt;
&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://ifal-tradingideas.blogspot.com/feeds/558145447811173501/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/11/green-mountain-coffee-roasters-gmcr.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/558145447811173501'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/558145447811173501'/><link rel='alternate' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/11/green-mountain-coffee-roasters-gmcr.html' title='Green Mountain Coffee Roasters (GMCR)'/><author><name>Frank Ferrara</name><uri>http://www.blogger.com/profile/15846171974989943857</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='24' src='//blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEndfT34V6uYOrAUTSGzU5VOK468-VAPne9Dmb24_ohJ9JEEhSSrrnBOV8BoJBXjgxNEeYvJJQbkk2MaPn_nDAuMY_cmNWM-BVW6jYY9M6j5dHhMOGP2dgB6z1R_Kyiw/s220/IMG_2205.JPG'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://4.bp.blogspot.com/_wqqvIHUgQmk/Svjz7hLnBtI/AAAAAAAAAGE/onFp36kC9kI/s72-c/SBUX+daily+09+11.JPG" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5762303565249553172.post-1948771187131571695</id><published>2009-11-09T23:59:00.001-05:00</published><updated>2009-11-10T00:00:33.180-05:00</updated><title type='text'>Starbucks (SBUX)</title><content type='html'>&lt;div class=&quot;MsoNormal&quot;&gt;We &lt;a href=&quot;http://ifal-tradingideas.blogspot.com/2009/07/starbucks-sbux.html&quot;&gt;recommended this stock in July&lt;/a&gt; after it gapped higher on massive volume off earnings. We were, and remain, not enamored of its declining sales, but the company has closed underperforming stores. Price gained over 20% from our entry point.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;The stock has formed what O’Neil calls a Square Box. Last week it dipped under the 50 MA but gapped back above it, breaking out to new 52 week highs on earnings. Price traded in a tight range Monday on sharply reduced volume, a sign gains were being bullishly consolidated prior to another move higher.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;http://4.bp.blogspot.com/_wqqvIHUgQmk/SvjzHQ3Er4I/AAAAAAAAAF8/1p_coUVjMlY/s1600-h/SBUX+daily+09+11.JPG&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://4.bp.blogspot.com/_wqqvIHUgQmk/SvjzHQ3Er4I/AAAAAAAAAF8/1p_coUVjMlY/s320/SBUX+daily+09+11.JPG&quot; /&gt;&lt;/a&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;We believe this is an ideal entry point for the stock and favor it because it is a large cap, which have been outperformers of late, and is in an area of great interest to investors (coffee).&lt;br /&gt;
&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://ifal-tradingideas.blogspot.com/feeds/1948771187131571695/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/11/starbucks-sbux.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/1948771187131571695'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/1948771187131571695'/><link rel='alternate' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/11/starbucks-sbux.html' title='Starbucks (SBUX)'/><author><name>Frank Ferrara</name><uri>http://www.blogger.com/profile/15846171974989943857</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='24' src='//blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEndfT34V6uYOrAUTSGzU5VOK468-VAPne9Dmb24_ohJ9JEEhSSrrnBOV8BoJBXjgxNEeYvJJQbkk2MaPn_nDAuMY_cmNWM-BVW6jYY9M6j5dHhMOGP2dgB6z1R_Kyiw/s220/IMG_2205.JPG'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://4.bp.blogspot.com/_wqqvIHUgQmk/SvjzHQ3Er4I/AAAAAAAAAF8/1p_coUVjMlY/s72-c/SBUX+daily+09+11.JPG" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5762303565249553172.post-1457234046898275713</id><published>2009-11-09T23:57:00.000-05:00</published><updated>2009-11-09T23:57:29.873-05:00</updated><title type='text'>Intuitive Surgical (ISRG)</title><content type='html'>&lt;div class=&quot;MsoNormal&quot;&gt;&lt;st1:stockticker&gt;ISRG&lt;/st1:stockticker&gt; is a pioneer in robotic surgery with their DaVinci system. After suffering last year the company is on the comeback trail with two quarters of positive EPS and sales increases, featuring significant beats in both reports. More importantly these metrics are projected to accelerate in the two quarters ahead, with EPS increases of better than 30% and 100% on tap on sales increases of 27% and 47%. With the company’s recent outperformance investors are likely to bid up shares into these reports.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;Technically price is favorably positioned for entry. The stock gapped up on an earnings report in July but has not been an easy hold, trading in choppy fashion after an initial run. But price has pulled back for the first time of late to the 50 MA and has formed a five week flat base. With medical stocks leading the 52 week highs list we’d be buyers of any move to new highs.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;separator&quot; style=&quot;clear: both; text-align: center;&quot;&gt;&lt;a href=&quot;http://2.bp.blogspot.com/_wqqvIHUgQmk/SvjytI-HWJI/AAAAAAAAAF0/VQYcKknhF_s/s1600-h/ISRG+weekly+09+11.JPG&quot; imageanchor=&quot;1&quot; style=&quot;margin-left: 1em; margin-right: 1em;&quot;&gt;&lt;img border=&quot;0&quot; src=&quot;http://2.bp.blogspot.com/_wqqvIHUgQmk/SvjytI-HWJI/AAAAAAAAAF0/VQYcKknhF_s/s320/ISRG+weekly+09+11.JPG&quot; /&gt;&lt;/a&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://ifal-tradingideas.blogspot.com/feeds/1457234046898275713/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/11/intuitive-surgical-isrg.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/1457234046898275713'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/1457234046898275713'/><link rel='alternate' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/11/intuitive-surgical-isrg.html' title='Intuitive Surgical (ISRG)'/><author><name>Frank Ferrara</name><uri>http://www.blogger.com/profile/15846171974989943857</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='24' src='//blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEndfT34V6uYOrAUTSGzU5VOK468-VAPne9Dmb24_ohJ9JEEhSSrrnBOV8BoJBXjgxNEeYvJJQbkk2MaPn_nDAuMY_cmNWM-BVW6jYY9M6j5dHhMOGP2dgB6z1R_Kyiw/s220/IMG_2205.JPG'/></author><media:thumbnail xmlns:media="http://search.yahoo.com/mrss/" url="http://2.bp.blogspot.com/_wqqvIHUgQmk/SvjytI-HWJI/AAAAAAAAAF0/VQYcKknhF_s/s72-c/ISRG+weekly+09+11.JPG" height="72" width="72"/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5762303565249553172.post-3380524828938364103</id><published>2009-11-09T09:12:00.001-05:00</published><updated>2009-11-09T09:12:30.887-05:00</updated><title type='text'>Long Options for a Market Follow Through</title><content type='html'>On our &lt;a href=&quot;http://investing-for-a-living.blogspot.com/2009/11/crossroads.html&quot;&gt;sister blog&lt;/a&gt; we’ve laid out our case for further downside in the markets, but there clearly exists the potential for a resumption of the market’s uptrend should the indices post an outsized high volume gain. Good traders need to be prepared with options should the market flout our expectations.&lt;br /&gt;
&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;We do not feel the market is sufficiently overbought to recommend swing short positions with the potential for significant gains.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;However should the long side prevail a number of stocks have built solid foundations for extended upside.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;Dendreon (&lt;st1:stockticker&gt;DNDN&lt;/st1:stockticker&gt;) is in a double bottom base with Shake Out Plus Three entry at current price levels. It needs to show at least 5 MM shares of trading for us to consider entry, however, and volume has been conspicuously absent on its recent rise.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;Perfect World (PWRD) is also at an inflection point. Price has carved a Cup With Handle base. Friday it rose above the downtrend line connecting the highs of the pattern but as with &lt;st1:stockticker&gt;DNDN&lt;/st1:stockticker&gt; volume was lacking. We’d need to see a pace of nearly 2 MM shares to draw our commitment on a strong market day.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;Finally Apple (&lt;st1:stockticker&gt;AAPL&lt;/st1:stockticker&gt;), which we have often described as the institutional bellwether of the current uptrend, is lifting off its first of the 50 MA since July. We do not care for the volume pattern, with heavy volume on the downside and light volume on the current advance, but &lt;st1:stockticker&gt;AAPL&lt;/st1:stockticker&gt; has defied unattractive volume profiles throughout this rally and mounted a most impressive advance.&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;&lt;br /&gt;
&lt;/div&gt;&lt;div class=&quot;MsoNormal&quot;&gt;You will notice a consistent objection we have to all of the patterns above. It is the same objection we expressed in our Market Commentary blog about the general indices. Upside volume is lacking. Unless and until it appears traders with any but the shortest of time horizons belong on the sidelines, waiting for better opportunities.&lt;br /&gt;
&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://ifal-tradingideas.blogspot.com/feeds/3380524828938364103/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/11/long-options-for-market-follow-through.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/3380524828938364103'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5762303565249553172/posts/default/3380524828938364103'/><link rel='alternate' type='text/html' href='http://ifal-tradingideas.blogspot.com/2009/11/long-options-for-market-follow-through.html' title='Long Options for a Market Follow Through'/><author><name>Frank Ferrara</name><uri>http://www.blogger.com/profile/15846171974989943857</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='24' src='//blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEndfT34V6uYOrAUTSGzU5VOK468-VAPne9Dmb24_ohJ9JEEhSSrrnBOV8BoJBXjgxNEeYvJJQbkk2MaPn_nDAuMY_cmNWM-BVW6jYY9M6j5dHhMOGP2dgB6z1R_Kyiw/s220/IMG_2205.JPG'/></author><thr:total>0</thr:total></entry></feed>