The Chart of the Day is just one of those excellent “informationâ€inputs that you can get.
Probable another 10-15% down will do the trick, for the time being. In the mean time enjoy the comments on men, even if you are one.
Month: March 2009
MAL Not for the French I suppose, Magellan Aerospace March 29
I noticed that this stock was in the news Friday and over the weekend. It had actually reported earnings 0f 60+ cents a share for the first time in seven years. That is the good part. Then there is the Calgary Oilman who has taken a liking to the company and has guaranteed a good part of its’ debt in the past and apparently is willing to continue that , by way of convertibles, that will increase his hold on the company and dilute yours. The bad part is that it is not patently obvious that the company will make it. Here are the charts.
They stock may be delisted, but then it will still trade OTC, so this is definitely not for widows and orphans. On the other hand the company is profitable again, the top line close to 700mln is up 10% or so year over year and if you look closely at the top chart a break-out could be imagined. Any way this is high tech stuff and when last did you have an opportunity to buy a stock at 33 cents with a P/E of 1/2????
Magellan was Portugese and among other things was credited for finding the Straights of Magellan, a narrow water way through the southern parts of South America.
NASDAQ and S&P Update. Is this possible? March 27. Sorry, website was down.
We have to be careful that we are truly at the end of a 5-wave move. There seems to be a lot of agreement on this and that concerns me. I think it is entirely plausible that we have NOT yet completed the sequence. There is a possibility that we only just completed wave 4 (or a of wave 4 if it is to develop as a triangle) The same applies to the S&P, see below.
This is not a predicting but certainly worth thinking about before one loads up on the long side. Canada oddly enough does have a clear 5-wave down, but it started almost half a year later. It is missing the entire first down-leg, both cannot be correct. The tops are about 1/2 year off!
TIM, BLD and BBD.B March28
Timminco traded at $3.08, more than enough to make a 30% return. BLD, Ballard we missed buying by 30 cents so that does not count even if it gained 80 cents.. In the mean time BBD.B, Bombardier,for a second time traded above $3, also more than 30%. Again I am not advocating that one always sells after 30% , but as mentioned earlier, it does held to set certain standards and at least for the evaluation of performance I will continue to use the 30%. I still own Bombardier even if it has been up slightly more than 30% from $2.25. Here is TIM.
and Bombardier;
