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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (42086)	4/12/2011 3:01:04 PM
From: E_K_S	Read Replies (2) of 78717

Re: Gulf Resources, Inc. (GFRE) Stock topped my % Volume Increase/ Avg screen with 3x avg volume. Down almost 9% to $4.65/share. Is this one set up for a trading bounce? You had pretty good luck on your previous call. Typically I will wait for a lower low on lower volume. This may be one to pick up in a few days when the volume settles down. Out of my GSXJ ETF trade which is down with Gold. Booked a small profit. Obama to speak tomorrow about the LT deficit and budget which may impact the views on Gold (if there is a proposal to actually cut Tri$$ions). QE2 may also end in June which could have some effect on LT interest rates. I continue to believe the value trade is setting up in several of these smaller E&P stocks. That's what I will be looking at. I have also sold all of my leveraged MLP funds (ie SRV) as the downturn is amplifying their NAV losses. Their NAV premiums (as high as 20%) should disappear fast. I expect SRV to be in the $9's once they go ex dividend next week. Looking to put the proceeds into TPZ (currently selling at a 3% NAV discount) or just holding the cash. EKS

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