Month: July 2013

Samsung Electronics update

Hamilton

The usual then – June 11, 2013 – and now charts;

Samsung Electronics Co. Ltdsamsung july 27 2013

It may not look like much but Samsung has now lost 25% or 400 points. The first target is 1100k, but ultimately the stock could drop to 400k. It is the standard Schumpeter “creative destruction” process starting all over again in another country. The decline started slowly at the beginning of this year and looks like a small triangle but that simple cannot be. Instead it is probable a series of 1-2s which promises a rather rapid move down. A break of 1100k would all but confirm this scenario.

SBUX update

Hamilton

sbux july 26 2013

There were some good calls and some that were not that good, please see previous blogs. But here we are now solidly back in the old channel  and trading at a P/E close to 35x. We are not sure how to count this one other than to assume that from the lows a 5th wave unfolded. It should be close to completion if not already there. A sell at $75 for sure and given today’s high of $73.50, why wait?

POT, update

Hamilton

Then – Oct. 2012 -, and now as usual;

pot b oct 2012pot july 25 2013

Today we reached $37, quite a way down from the peak and also from the top of the B-wave at about $65. The stock should go much lower if our pattern analysis is correct. After almost two years of doing next to nothing the process should accelerate to the downside.

AAPL update

Hamilton

Apple is reporting after the close tonight. We are not in favour of trading on such events without the proper equipment (that includes every retail investor) but if you were to insist, here is a guess, a wild guess.

AAPL july 23 2013AAPL july 23 2013 b

It looks like wave 4 on the way up was at about $307 even if that is not patently clear. 61.8% of the total value off the peak of $700 equates to $270. Both are very normal levels for an initial pull back. One possibility is that we are in a triangle wave 4 or B. If it is a B than we could go a lot lower so lets assume it is a 4th wave. That would target about $100 starting from the top of e which does not yet exist so ignoring that detail $100 down now would get us to $322 but not without a month of going nowhere. We will know a little more in an hours time.