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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: Cogito Ergo Sum who wrote (30535)4/28/2003 7:36:29 PM
From: Frank Pembleton  Read Replies (2) | Respond to of 36161
 
Kastel....at twenty five-and-a-half bucks WTIC is approaching resistance in one heck of a hurry and after that it's a quick drop to twenty.

As for the PM stocks I wish I didn't have any at all!...yeah, yeah I know, I know-- insurance, insurance. But if I didn't have 20% of my portfolio weighted there I'd be hauling in beaucoup bucks out of the markets. Have you looked at what the biotech’s have done lately? It don't matter which side of the border you're on, whether it's Naz or the TSX, they’re flying.

KHD-TSX-- just pulled up a chart, if it weren't for the fact that it's such an illiquid stock I might just play the bounce-- but other than that it's still being distributed and it's looking rather anemic.

As for the length of this rally? Mid May? We're beginning to encroach on some record territory here:

$BPCOMPQ -- how much more bullish can we get?
stockcharts.com[h,a]dallyyay[de][pb20!b50!f][vc60][iub14][j11808634,y]

The Put/Call Ratio is neutral at best and is falling:
stockcharts.com[h,a]dboayyay[dc][pd20,2!f][vc60][iuh14,3][j10278972,y]

VIX will it go to twenty?
stockcharts.com[h,a]dboayyay[dc][pd20,2!f][vc60][iuh14,3!le12,26,9][j11753241,y]

Regards,
Frank P.



To: Cogito Ergo Sum who wrote (30535)4/28/2003 11:20:41 PM
From: isopatch  Read Replies (2) | Respond to of 36161
 
Kastel. Looking & hoping for further correction in energy

in the weeks ahead to add to some positions. But certainly not under the gun to jump on anything other than trades with a good risk/reward profiles.

All that nice income pouring in from the CanRoys - every month - makes the required patience a lot easier to come by. And offers the opportunity to take a little time off for R&R and to enjoy the beautiful Spring weather, lately.

FWIW, don't see $18 oil (WTI) prices this summer, either.

ot/Finally feeling better after long bout with a particularly nasty bug, the past few weeks. Hope your on the mend as well.

Best regards,

Isopatch