Month: August 2015

COS, Can Oil Sands update and TCK.B

Hamilton

Then 15th of April, 2015 and now charts,as usual;

COS apr 15 2015cos aug 28 2015

Not a bad prediction. The target was $5 and we hit $5.61 his is the stock that we warned would suffer from “stranded costs” at a time when that was not even remotely on the horizon. If you bought around the low you would have had a one day return near 20%. There are other stocks that have done similar percentages, as for instance TCK.B.

We are never perfectly sure as our charts do not have sufficient resolution but even though we recognize that somewhere here this stock might be a buy in terms of buying low and selling high, we do not think the stock hit it’s low. As near as we can tell only waves 1. 2 and 3 of 5 are complete. This leaves one more wave down to a new low!

Here is TCK.B

TCK.B july 22 2015TCK.b aug 28 2015

In the text, see June 22 , 2015 blog we mention the possibility of this stock getting to $5, the actual low was $7.08. Coming from $65 this may well be enough. However, normally, if there is such a thing, the C wave should make a new low, that is below the 2009 low.

DOW update

Hamilton

dow aug 26 2015

We will stick with the triangle un till proven wrong. Once complete down we go another 1000 points or so. That would end either wave one or just wave 3 of one. Maybe the Bank of China will throw in another 26 bln. or multiples thereof to slow down the pace.

BLK update

Hamilton

blk aug 24 2015

When all is said and done we expect this stock to trade at $100 (low of triangle) or lower, see previous blog. We think, that just like with the Shanghai index, we are in a 4th wave of 3, the rebound from today’s lows. However, as there are at least 3 1-2’s at the start we will need a similar number at the bottom and that would only complete wave A of a large a-b-c. Ergo do not buy this dip!!!!