EK

PHM , Pulte Homes

Hamilton

phm l phm

Homebuilders have been doing just great the last few years. Pulte is right up there with the big boys. Just as in the case of Sino-forest, we know absolutely nothing about this company, and frankly we do not care. This is a buy, plain and simple and the reason will become evident in due time. A full circle bubble AND a nice triangle. We should go back at least to $7/8.Definitely this thing can go a lot higher but one simple should not speculate, take the low hanging fruit and let someone else worry about the rest.

By the way EK should make it to $3.50 tomorrow and if RIM gets another $ or two, sell.

EK

Hamilton

EK Aug 19 2011

Yesterday this was just about the only stock moving up. If it manages $3.60 over the next few days I would sell. A 60% gain in a few weeks is good enough. For the more speculative types you may wish to stick around, apparently the story is catching on so ultimately a much higher price is certainly possible.

EK , Eastman Kodak update

Hamilton

ek aug 17 2011

Almost a month ago we recommended EK as a buy at under $2.25. It went 50 cents lower but is now getting it’s bounce, dead cat or otherwise. At a larger degree (see previous blog) wave 4 is around $30, that is not what we are aiming for. We play just to harvest the certain part, or at least , the almost certain part. The wave in the above chart has 5 subdivisions, clear as daylight. The stock should then return to the level of the 4th wave, in this specific case a triangle. That level should be >$3.50 and < $4+. If you are extra safe take the lower number and you will still have gained 55%.

A return to $5.75 is not that much of a stretch,aiming for that should depend on how we get to $3.50+