JPM, J.P.Morgan update

January 16, 2013 Hamilton

Roughly a year ago it looked like JPM had already completed, or was about to complete, a nice a-b-c counter-trend rally at around $36/$39. This obviously proved to be wrong. Instead the stock was working on a much bigger a-b-c. One cannot be entirely sure but it does fit quite well. The company reported a 53% gain in earnings today and the stock goes down in pre-market trading. This stock has now hit the upper line at least 7 times and is valued at levels reached first in 2004. The amazing thing is that despite all changes that have been made, or will be made, that the stock is still up here. A sell .

RIM update

January 14, 2013January 14, 2013 Hamilton

See previous blogs. Stock may have completed a rather compressed triangle, or there simple was not one or one still has to come. In all cases $16+ is a good exit point. Nice profit too.

Dell update

January 14, 2013 Hamilton

On the 27th of Sept. we thought this was a buy with a target of about $12.50. This too looks like an a-b-c or alternatively something better. Should have a 4 and 5 to finish c. Sell now if 25% is ok or wait for $13 plus. Remember that my targets are only first targets, that is minimum targets that should materialize under all circumstances.

HPQ update

January 14, 2013 Hamilton

Sell the rest between $17 and $18, that is good for a quick $5 on $12 or about 40%. May go higher but may also have completed a nice a-b-c. In any event the RSI and MACD look pretty overvalued for the moment.

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