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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (39956)	3/9/2005 11:06:11 AM
From: kodiak_bull	Read Replies (1) \| Respond to of 206200

Slider, For this to be even the beginning of a top in the homeboys, they will first have to take out a previous low on the downside. For TOL that would be about 81.07 on 2/22/05. Of course this could be the top, and you might have called it. Certainly the Prudentbear has called this top, about the 23rd top they've called in the homeboys since March of '02 as I recently posted. Same-o, same-o with Fleckenstein who apparently in possession of more tops than a toy warehouse. For the record I don't know if this is a top, I only know that the most recent pricing for TOL is higher highs and higher lows, which is the standard definition of an upward trend. Its current 3-day pullback is well within most channel ranges of that upward trend. That is all the Market is revealing at this point. That has been true for a year now, and the Market will reveal when and if that trend is going to change by first taking out that February low. In any event we should know the answer to the question as soon as the Market is ready to reveal it. Kb

To: SliderOnTheBlack who wrote (39956)	3/9/2005 11:16:12 AM
From: kodiak_bull	Read Replies (1) \| Respond to of 206200

Btw, if one is looking for a good stock to short or buy puts on, I believe FNM offers a very nice downtrend for one to pick shorting spots. Now is okay as the next most likely step in this trend is to take out the previous low. At some point it will rally in the channel and present a better risk/reward opportunity to short, buy puts. The bear put spread for June [60/55, that is] offers a nice risk reward and potential 100% return, even buying at the current offer prices for both legs. And all FNM has to do to complete it is drop by 4~%. Kb