The Formula Worked Again
The formula worked like a charm today.
Clean Harbors, Inc. [[CLHB]] - I expect this stock to keep trading within its channel, but it also could be rolling over. There seems to be a whole horseload of resistance around $80. 50-day is at ~75.
[[CME]] Â Classic “fuck you, you’re dead” triangle pattern.
Corinthian Colleges, Inc. [[COCO]] Â Education stocks appear to [...]
Long 200 at 78.53, I think RC got in two pennies higher, and GIO 5¢ higher than that. About half of iBC is behind this reflex trade.
When I see Freeport-McMoRan Copper & Gold Inc. [[FCX]] in the low eighties, I have to wonder whether it is different this time…
See, both other times that this has happened to FCX in the past year, in August of 2007 and in January 2008, I swore on Christ’s Lantern that [...]
I’m long this most egregious pile of steaming shit in what is supposedly a “long term” account. I’m adding at the 200-day, which, if breached, will irk my ire greatly.
You’ll notice that since PBR went Lima on shareholders and broke out of it base in May of 2007, it has only touched its 200-day [...]
This is an “oversold” “oil-related” “consumer confidence infused” rally. Sell it, and carry on.
I developed a sweet-ass short scan. The reason I know it’s sweet is that when it is right, the average gain is 20-40%. That’s worthy. Average loss was 5-9%. Winners were held for about 25 days, losers under 10.
That’s good enough for [...]
These three stocks are buddies. They are all in essentially the same business, they all trade together, and for our satisfaction, they are all currently sucking pennies.
RC was short DE the other day, I don’t if he still is, but I am long puts on CNH. Can you believe that the 1 year return for [...]
[[COIN]] is breaking down. While it is currently oversold, it has breached a critical support level. I think a bounce is likely from this level, with a risk at the day’s low. The stock is in a downtrend.
With this small bag of garbage tanking, and corn about to crack, I [...]
Two stocks I am watching closely [[clr]] and peer [[sd]].
I talked to CLR IR and they indicated to me that rather concern themselves with the opines of geriatric oil prognosticators, “the co prefers to cock punch doubters with superior results.”
Very upfront for investor relations, no?
This morning, CLR released the drilling results from its [...]
I was only able to look at me screens for 10 minutes, which is not enough time to really scour for the best ideas. These ones stood out during my cursory glance.
Up minimum 11 days in a row:
[[mmr]] and [[crs]].
Out of these, I’d say MMR is shortable. Remember the inherant limitations of this [...]