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

To: Slagle who wrote (65405)	6/23/2005 6:06:08 PM
From: shades	Read Replies (2) \| Respond to of 74559

Slagle what does any of that "NOISE" as phil calls it have to do with the FDG chart? The chart tells you all you need to know right? Volume, relative strength or weakness, 200 and 50MA - they could pay a 15 dollar dividend but if that doesn't get people to buy the stock how does that help you? Either phil and wiz and all these other chart people are onto something or it is total quackery no?

To: Slagle who wrote (65405)	6/23/2005 7:08:48 PM
From: energyplay	Read Replies (1) \| Respond to of 74559

The Canadian REITs and trusts thread here on SI has people with more info on FDG. It's good that FDG has prices locked in. They also have the ability to expand production about 12% in a year or two, and maybe another 25% in five years. (numbers not exact) Now the question is, locked in to whom ? A big Japanese steel maker with lots of cash and possibly a locked in market supplying Toyota or Nissan, or a Chinese state owned enterprise with wobbly finances ? I think the Koreans would be in betweem. Lots of Steel companies are just out of bankruptcy. Ford Motor had a multi-year contract to buy Paladium at $300+ and ounce from Norht American Palladium PAL. Palladium has been 190-230. Ford has kept to the terms of the contract. California utilities had contracts with Alberta natural gas producers, when the NG price dropped, they got friendly California courts to break the contracts. ********* I use both fundamentals and technicals (to the best of my ability) Some times I use fundamentals to find a sector - say copper stocks - and then technicals to find opportunites in that sector. Some times I screen for technicals - especailly finding strong stocks on a down day or week. I then might to a quick look through about 20-30 charts (my eyes get tired after 30 or so) and pick 4-6 to check the story and basic fundamentals. That usually results in maybe 1-2 candidates, but about 25% of the time, I won't find one I like. The down side of these approaches - It's work, and I hate it ;-) I often don't find enough new stocks, and either end up in cash more than I like, or over concentrated on a small number of stocks. So if you guys want to fight out fundies vs. techs, I 'll take both sides..... "I don't care if a cat is black or white, as long as it catches mice"