Month: April 2011

F update

Hamilton

F apr 2011

Ford has completed its a wave correction and is now doing the b part. That should roughly retrace about 60% of the drop which is 0.6 X $5 = $3 which from $14 gives $17. After that wave c of the correction should take the stock to about $10, or a little lower. At that level the stock should be a buy for a resumption of the bull market for Ford. We shall see when and if we get there.

There is an outside possibility that the first 5 wave up sequence is not yet complete. That would imply we are now doing wave 4. Highly unlikely but if it happens it would likely be a flat or triangle wave 4, in which case there would be ample time to adjust our strategy.

R Romarco Minerals Inc.

Hamilton

R 2011

So this company is doing a little alchemy of its own, regurgitating old gold tailings in the US of A. They made it to #1 position in “emerging” stocks in 2010, are having a few problems with the EPA (environmental protection agency) , had their stock halted etc.etc. Very, very speculative that is certain. But the wave count is classic and perfect. It has completed Wave 1 up and is now doing 2 down. Wave 2 should complete either at $1.50, $1.37 or $1.25 respectively wave 4 and c = b, 62% retracement and wave 4 of 3. Once complete the stock should rise back to the  $2.60 level, more or less as a minimum. It could, for all I know go much higher but I am only interested in a quick return of close to 100%. The stock hit a low of $1,80 today so pick your number and put in the buy order in advance, the lower you go the larger the return but also the bigger the chance of not getting it at all, which, needless to say equals a return of zero!