BAD update

Hamilton

bad aug 14 2013

We had to search for a stock where we called it incorrectly, this would be a good example as we thought it was a sell just under $40. We have learned that all things good are bad in economics, and all things bad are good. We know this stock sucks, literally, so we were warned that that might be good. It was. We are still not at all sure of what to make of this count, perhaps an extended 5th wave? In any event things are going so well with this company that that must be bad. We would sell, again.

TRQ again

Hamilton

trq aug 14 2013 btrq aug 14 2013

Unfortunately this website’s subscriber fees are such that I cannot afford very detailed charts, only that part which is free. So do not put too much weight on the following.    It looks like we are either in a 4th wave triangle or a b-wave triangle. Given the expectation that the stock could get to almost $10, the 4th wave triangle makes more sense but then it should result in a thrust up not much later than tomorrow. If a b-wave it is hard to see how it will get to that target as $6.75 would seem more appropriate. In any event, be patient.

BB again

Hamilton

bb aug 13 2013

There are quite a few sceptics out there. The Wall Street Journal in it’s blog All Things D; is expressing disbelief and that other great financial paper, the Toronto Star is downright negative and so are most other commentators many of whom loved the stock at $140. In any event we think this should be sold at about $13.04, the 200 day moving average. No doubt it can go a lot higher but $4 on $9 in two weeks would be nice. The RSI will soon move into overbought territory and BNS has upgraded the stock to a buy for a target of $14+. But a good trader always leaves a little on the table for the next guy.

WFC update

Hamilton

wfc aug 13 2013

See also previous blogs. This stock is not content to stop going up until it has reached the most extreme target, which would be around $50. We certainly do not advise waiting for that level to sell. Of course when discounted at zero, everything has an infinite value but don’t count on it.