Archive for August, 2008
Sunday, August 10th, 2008
For this article, we are looking at Baker Hughes (BHI). Lots going on with this chart, but the plan is simple. We are shorting. Lets take a look at the graphs.
In this first graph, we have a 3 year chart of Baker Hughes. Notice the support line that is present ...
Posted in Short Term Plays | No Comments »
Saturday, August 9th, 2008
We are going to add Bristol Myers (BMY) to our watch list for next week. I was picking through my watch list and passed by this very intriguing graph:
What I see: Alright, here we have a 5 year chart of Bristol Myers. The orange line I drew shows the support ...
Posted in Short Term Plays | No Comments »
Tuesday, August 5th, 2008
Man my portfolio has taken a beating...especially natural gas plays and my dry bulk shipper....
I just need to vent to the rest of the world. I am currently down 27.16% on Foster Wheeler (FWLT) and 13.24% on El Paso Energy (EP) as of today's close but will continue to hold ...
Posted in Ramblings | 5 Comments »
Tuesday, August 5th, 2008
I have seen a trend in potash agricultural companies, both trending in the lower direction. In the two graphs I have posted below, we can see definitive head and shoulder tops in both Potash of Saskatchewan (POT) and Monsanto (MON). A play you could do here with these two companies ...
Posted in Short Term Plays | No Comments »