R, Ryder Systems Inc.

Hamilton

r june 2012r june 2012 s

You may want to hold off for a moment to avail yourself of this buying opportunity. The stock has a very clear wedge with all the bells and whistles that has its origin at around $30. Typically such wedges are retraced right down to their base so today’s low of about $35 is still too high.

Looking at the bigger chart, the forth wave of previous degree is at around $17, which is about right for the large A-B-C that is unfolding from the top. However , before we get there there is the $25 level where all lows over the past 30 years connect. $30 may indeed be a good buy for a trade as there the latest two down legs are about equal.

COS, Canadian Oils Sands Ltd. update

Hamilton

cos june 2012

Back in October of last year with the stock close to $17, we expected a rebound to $24 and then down again. That is exactly what we got except that it took a lot longer. That would still put us in wave 5 right now but it should make a new low, below $17 at the very least. To gain time we are assuming that wave 2 of this 5th wave is a running correction and as a result we are still is wave 3 with 4 and 5 to go which could easily get us to the target.

Oil recently got to about $78 a barrel, this is getting critically close to where the oil sands are commercially viable (about $65???). If oil were to drop below that level for an extended period of time the stranded costs could literally kill some of the operators (by the way, China is in this game for $14 bln. or so). There are already problems with getting the pipelines built, which are critical for getting the stuff to where it can be used. There is already talk about the US becoming self-sufficient ( by using gas etc.), but the biggest event is the economy. If it tanks. so will oil and the oil-sands may not be viable for another 20-30 years. Time will tell but the stage is definitely set.