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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: shades who wrote (62888)	4/27/2005 7:40:42 PM
From: Slagle	Read Replies (1) \| Respond to of 74559

Shades, Re: VLCCF By all means jump but be careful. That is the perfect type stock to trade; strong upward trend and very big divvy if you stay in awhile. Beats the heck out of jumping in and out of BUD or IBM Phil style. But be warned; it could gap down so watch it. This outfit doesn't own but four or five boats so any little thing could provoke a big reaction, hence the low PE and big divvy. But just look at the divvy history (at Yahoo go to "historical prices" and select "dividend") and you will see what is really driving the stock. That is due to the really big upward trend in the day rates these folks get paid for the demmurge on their tankers. Listened to Phil today; took the dog on a car ride up US 17 and enjoyed the rant. Phils take that banks will rally seems reasonable; one dud bank I have (ASO) has been showing some signs of life recently. FNM in spite of the hearings and the rest has been pretty strong lately so I don't know whats up there. Could be rotation outta energy and into banks just like he says. But WHY would he want to buy KO and short PG? you will just get whipsawed and loose on both. He said buy C @47.12....but he was saying a few months ago to buy C at 48, 49 ect. and then it went to down to 44 something. He is just too slow for scalps, day trades...he waits till the move is 2/3 over before he jumps. I am listening to The Wiz and he is real negative on shorting the builders, if I heard him right. Slagle