HAR, HAR, HAR!!! Youse guys are funny! I'll get to patches in a moment, first business.
PVN is now up about 90% for the last month. It's had a nice run! It is now overbought and we may start to see some profit taking, so you may want to consider taking some, if have some some, on any weakness here.
Now on to HOFF. I mentioned over a week ago the line in the sand was 6.01. It came down to 6.05 yesterday, 6.08 today. So the last line of defense has held to date.
Impressive volume today as the stock finished to the upside.
The Bollinger Bands indicate this stock has some down side to it, as KB has mentioned. Today's candlestick pattern doesn't indicate, one way or the other, as to the direction of this trend. That clue may come tomorrow.
Today's clue was the volume. (bullish)
Last line of defense was defended twice, successfully. (bullish)
Sellers still willing to show up when stock was trading near the high of the day. (bearish)
It closed below its opening price. (bearish)
And so it goes ..............
Now about Isopatch, the fruitcake with a vivid imagination. He has to remind the world of how good a trader he is because he isn't. I think I've documented that quite convincingly.
If ya'll will recall, he sold his gold portfolio with a minor loss, <0.1> if we use his posts and the time of his posts as a guide. His gold portfolio has gone up 10% since he sold out a couple of weeks ago.
siliconinvestor.com
He sold out to buy E&P's and his E&P portfolio is up 10%! Ironic, isn't it?
siliconinvestor.com
Now to be fair, he has probably done better than that with his E&P's because he was stopping out of them as they were falling, if we're to believe someone with an imagination as vivid as his. But on the other side of the token, he was lucky with his E&P picks as opposed to using any trading skills or market savvy.
How do I know this? I'm glad you asked! It's because his analysis was wrong, yet again, and sometimes people enjoy some success in spite of themselves.
On December 22, la Pooch said:
>> The urls in your post contain further confirmation of the opinion I've been strongly & recently expressing; that we're at the beginning of the next major rally phase in selected oil service, oil and especially some of the natural gas stocks. <<
Message 16825472
In this message he said:
Buy the dips. Per previous posts, see this sector continuing higher, at least, well into January.
Message 16832985
And how bout this???
On January 1st, Patches runs his mouth; >> Those who got in big the past 2 weeks and are currently finishing their patch accumulation plans are going to reap big gains in Jan/Feb. <<
Message 16849518
ISO SAYS!!!
BEGINNING OF A MAJOR RALLY PHASE!
THIS SECTOR CONTINUING HIGHER WELL INTO JANUARY!
REAP BIG GAINS!
Here's what the OSX has done since his table pounding of the sector.
stockcharts.com[h,a]eaclynay[d20020101,20020115][pb20!b10!f][iut]
And now the XNG!
stockcharts.com[h,a]eaclynay[d20020101,20020115][pb20!b10!f][iut]
At least he's improving! Instead of going straight down the day after his calls, it now takes a couple of days before heading straight down.
According to him he's up 50% off his wonderful analysis. Who are we to argue? If he says it, it must be so. Damn the facts! Full speed ahead!
Sheriff bum |
