Year: 2012

AOI, Africa Oil Corp. V

Hamilton

AOI V l

Clear 5 up? Maybe. Certainly Friday’s stellar performance has “blow-off” qualities with a nice little throw-over. If so a pull back to the 4th of previous degree should be next. Looking at the big picture, it is perfectly clear that this speculative stock, quoted on a speculative exchange Has had a rather volatile pas;

AOI l

It has taken 16 years to “double-top”.  This could just as easily be an a-b-c counter-trend rally as the start of a new beginning. A well in Keyna looks promising, is what gave the stock its latest spurt .  Given the past one might be well advised to step aside to see what these forward-looking statements really mean.

CLX. Clorox Co.

Hamilton

clx

Like so many of these stocks they have not done very much lately. MMM, WMT, PFE, JNJ etc. etc. seem to be oblivious to the world around them. This one has not moved for 7 years or so. But it also has not gone beyond $75. Next big move should be towards $45.

WPT, Westport innovations Inc. update

Hamilton

WPT may 23 2012

After today’s idiotic 300 point move on the TSE, the predictions on this stock are now increasingly more plausible. Check previous blogs, but the story essentially was that it could not go lower than $22.50 and even at $25 should gain some $8. I am myself always amazed how accurate this stuff (EW) often is. I cannot afford detailed tick charts so I assume that wave a was a 5 wave move. Wave B to about $26 as predicted occurred yesterday. Wave C probable completed wave 3 of C and will have a minor pullback in the morning followed by the 5th. That should take it to the anticipated $32/33 level. $8 on $24 is roughly 30% absolute. but as they say in Holland, don’t sell the skin before you shot the beast.  Anyway a sell at around $32. For the sake of a good understanding, that does not mean that the stock cannot go to $300, whatever, it is just not the thing we understand at this time.

DELL, Dell Inc.

Hamilton

DELL may 2012

What farmers have known for ages, most brokers do not know. Just as there is a time to sow, and a time to reap, there is a time to buy and there is a time to sell. Stockbrokers have this notion that every second your money is not invested you miss out on this lucrative journey guided by his or her investment acumen, so the right time to buy is when you have the money. Conversely there really is never a good time to sell as stocks are assumed to be on this constant upward trajectory. Only when the crop is rotting in the field and the embarrassment  becomes too great will the broker sell (and , of course at the end of the month when there is a need for food on the table). We believe that the best way to make money, presumable that is the purpose of the exercise, is to be rather circumspect about both the buy and the sell. There are 560 different entries on this website, some individual stocks have as many as 40 entries (RY) so it is near impossible to keep track all the time. That is why I like to work with a “first”, if it reaches that you either sell or are on your own (if not stopped out).

Dell is a good example where both sides worked. For whatever reason (see previous blogs) we recommended buying Dell at about $12. A week too late we noticed the triangle and immediately suggested a sell. So far you are up $5 (or $10 if you also short)on a base of $12. If your broker is like the one described above, you have made absolutely nothing.