Current Trade

Tuesday, November 29, 2011

Stink Bid

It is that time of year where timing takes on special meaning... people's minds are on other things... stock trading has it's annual tax strategy... hard core traders are hoping for good buys.

Within this time frame, "stink bid" shopping comes off as a good possibility as capitulation may strike unexpectedly allowing for some peachy potential if you aim for solid speculative stocks.

Due to the bad market conditions, I have been taking a break, letting the market sort itself out. I haven't been visiting my gurus for a while and thought I'd check in on one of my favorites,

This being a portal to the better side of Online trading speak....

Wherever, and whenever I can find good intelligent speculative information, I do like to share... so without further ado, check these links for some experienced thinking The Grandich Letter , and while Peter speaks well, he has also included this link TopStockAnalysts in his article...  In the back of my mind the tune had been humming so I was a little elated to see that my thoughts and experience were in line with some really good talent.

GLTA Lostoutwest


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Tuesday, November 22, 2011

Taseko Online for trading

In the past I have seen this period (late November mixed with tax selling) sail through Christmas on Rudolph wings...

Not expecting it so this time... the market just doesn't have enough time to break up and put this bleak sequential down trend to rest.... not with the capitulation I expect in the final draft of the Tax selling likely to put pressure one everything that is crawling.

The Canadian indexes listed in first 2 charts in the Stockcharts Public List demonstrate very little to hope for in a positive direction short term.

However, I'm also seeing some support which should hold steady after the new year such that if we capitulate on Tax selling... there are a lot of issues that are in the trading zone if we only had a heart.

Let's keep it simple and work along the lines of it's a new year starting on the cusp of a potentially brutal tax sell which will be a good flush. The type of thing that begets an aggressive entry point when the crush of pressure is lifted.

Brush up on the fundamentals of your favorite speculative Stock... In my case I'm watching TKO.TO with great interest just moving into a support position as indicated in the below chart study link and the move is likely to coincide with the New Year,

$2.40 to $2.50 is the bounce area of choice in this chart Taseko Mines Ltd.

Taseko Smart Chart Analysis

Recent television coverage on the Native perspective to Fish lake took another pot shot at Prosperity.. considering the mood of the market and the day's leading to Christmas tax selling.. I'm on the alert for an entry point for a swing at the baby out with the bathwater in the middle of the Santa rally period or just into the early part of January. Be mindful of any spikes too early... they will likely be whippy, so chasing is not advised...

The support area is also a great point for managing lower risk as it is an area where the market should pause giving a person a bit of chance to feel out the move.


GLTA Lostoutwest

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Wednesday, November 9, 2011

On the otherside

This is creepy.... Technology is ever approaching the big brother status of truly being invasive... I wonder what the future truely holds!

Creepy Technology

GLTA Lostoutwest

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Monday, November 7, 2011

"Lost" but Not Forgotten

Lost but not forgotten is a mindset that is worth considering the meaning of in respect to small caps that are still surviving on strong fundamentals that propelled them to overbought prices in exuberance, now floating downward in an endless spiral of cleansing.

Lost but not forgotten has a quality that makes them good potential for long holds... provided they can pass the quality  test.

Even so... poor quality also has the potential for gains with the lifting of the hype and focused manipulation.

Coupled with the natural rising of prices without heavy profit taking from promoters, some lost and forgotten can be 10 "braggers" when they come out of the hole from a long down trend of nothing in the pipeline.

GLTA Lostoutwest

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Slippery Slope Tax Selling

This last stretch to tax selling is closing fast, and literally if the market doesn't snap out of this downward drifting, and in my opinion won't... until after the Santa's Rally...  Traders, most of whom will be of general public retail background... will be selling bad performing stocks in the last few days of the period just before Christmas so they can lock in losses for a tax strategy to apply against stock gains on holdings they are still holding into the new year.

These losses must be recorded in the current year and as the markets will be closed erratically over the period from Christmas Day to New Years... (which by the way is the period that is described as "Santa's Rally")... the quality or momentum of the drop will give some insight into the potential of the coming "January Effect" which is historically a general 2 to 5% gain reserved for mid to large caps if they are in the quality department.

Small Caps is anyone's guess. However, considering the length and breadth of the last few months... there should be bounce and opportunity for entry at very low risk points in the small cap arena.

GLTA Lostoutwest
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Tuesday, October 4, 2011

Corning Heads up for alternate investing

The worst Sept start I've seen in a long time.... the gap to tax selling is going to be shorter by a lot of time... (could be a "we ain't seen nothing yet scenario")... so a change in mindset to consider moving to quality at a low price for the long hold... this might include some otherwise contrary picks to pennies...

Take Corning for example... The PE is dropping as if they are going bankrupt... but not likely as the Fools put it... pays a dividend (the dividend) as well rumored to be rising...

Corning


GLTA Lostoutwest


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Thursday, September 15, 2011

TVC.V analyzed

The attraction for TVC.V

-over 7 million in the bank ... nice
-potential for needing to finance is in the distant future... nice no surprises
-low price... right down at the bottom... verified in the charts
-level II shows accumulation with huge supporting bids against a much smaller ask... could be something that gets wasted pretty quick
-193 million + if you do fully diluted is not a concern... admittedly it would be nicer at half that... but, the 7,000,000.00 plus in the bank estimated for the end of the physical year takes the scare out...
- a JV would come with lots of warning and likely a higher price.
-the low price has not moved yet.... very important for making a lower risk trade with the potential to go long... so this a medium term hold with takeout potential...
-some strong fundamental considerations
-googling East Slovakia calms the nerves... no dictators and a friendly government with policies for developing home grown Uranium...

Having said all that... it comes down to some good pop potential that could produce a 3 bagger by Dec.

That article of the hostile HAT buyout got some people thinking and this stock price run is right at the gate... where she goes nobody knows, but from my perspective... it looks north from a pretty safe advantage from the technical look... it may even prove a good longer hold if the options holders give it some room.

TVC.V charted



GLTA Lostoutwest


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