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30 Mar
Posted by Sensei @ 10:04 pm on Friday, March 30th, 2007 in Market Comments
Being Long. I forgot to post that yesterday when I posted I got out of my shorts. I was only lightly long and got more long today in the 2x funds and UWM/QLD.
ONT – bounced back with some ferocity today. I do expect the stock to pull back sometime maybe next week or thereafter. Up 30% on it.
ADM – Although it closed down by 6 pennies, I think technically on a weekly basis the stock had a nice move and its just getting started.
USOO – A BB stock in my yearly portfolio, is starting to act really well.
RDNT – Moved higher today
TLG – Coming off a bottom and looking to move higher. Hopefully it will trim the -40% loss it holds. If you haven’t looked at a chart for TLG, and I’m sure nobody has because its low priced douche stock, but the stock is trading well above its 50dma. Mark my words, this stock has bottomed. It will be higher when I sell it in May.
BHE – Is a great bottoming pick right now imo. Although its in the yearly portfolio, I am biased, the stock is coming off some really low levels. I think the stock can move $3 higher to test its weekly 90ma which equals about 15%.
Tags: adm, bhe, bottom-fishing, corn, ethanol, ont, qld, rdnt, stock-market, tlg, uwm
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