Year: 2009

BBD.B Bombardier When is low low?

Hamilton

BBD.B march 9

This one is a few cents short of our target of $2.25 suggested a month and a half ago. Assuming that as one of the few companies that makes trains for governments on a cost + basis, this one will probable still be around after this correction , in which case this is about as cheap as you can get. Initial targets would be in the $4/5 area. It is a buy now or at the suggested target. The last wave of the 5th is a clear mini diagonal that still could get to the $2.25 level but that is now academic.

HXU March 6 update

Hamilton

HXU march 6

For 4-5 months now I have been anticipating a level of $6 on the HXU. The chart above is on a log scale to “fit”the data a little better. Where I am wrong is that on the downside the moves get progressively smaller and consequently you do not go as far as you would expect on the inverse product ( this is the double up TSE). Anyway one can over analyze. There are a number of good reasons to by this at about $7 if it even gets there. I do not think there was a triangle but if there was we are pretty well under the apex. The size of 5 is about the same as one. We are down 50+% on the XIU (the “normal”counter-part to this one). The market is noticeably tired of being bearish etc. etc. Target, my guess, perhaps as high as $16. No guarantee of course.

TSE & XIU , just a few more hours.

Hamilton

TSE march5

As always there is some ambiguity somewhere, but this is 5 down, soon straight under the apex and ripe for a rebound. See XIU below.

xiu march5

Probable not a triangle wave 4 but a nice wedge 5th, we will take anything that looks good at this point, may, repeat may get as low as $10 but one might just miss the boat. Potentially this is good for 40% if it goes that low! Give it a shot.