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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (6980)	6/5/2006 6:49:02 PM
From: Seeker of Truth	Respond to of 218005

Bank of Nova Scotia has Vermilion as one of its two most highly recommended oil stocks. Estimates an 11% rise in earnings per unit in both 2006 and 2007. I can't say how knowledgeable they are.

To: TobagoJack who wrote (6980)	6/5/2006 8:22:08 PM
From: Taikun	Read Replies (2) \| Respond to of 218005

TJ, I don't think market was prepared for what he said today. It was only off 50 pts when they started...then the talk of inflation and chances of a June tightening flashed across the Bloomberg and the Dow lots another 25 pts. Then Ben said only 10% of mortgages would be ARMs that would face the new rates when repricing in any given year, and the market sold off a little more. Then the talk of America's low savings rate and somehow this would be solved and the solution was in lower house prices? (Perhaps I didn't get that one) I am glad to have bearish positions and am in no rush to load up on anything. Cheers, D

To: TobagoJack who wrote (6980)	6/6/2006 1:04:35 AM
From: energyplay	Read Replies (1) \| Respond to of 218005

I'm taking about 4% positions in Vermillion, Advantage and Peyto. Almost nothing else looks strong, and with the carry trades still unwinding, I expect the market to be lousy for a while. I plan on using about an equal amount of cash to buy in August / September. I expect I will put a stop under the positions down a point or two. The stop will sell about 70% of each position. I plan to move the stop up as the stock moves. I expect we might get a sharp drop at some point, and I will want to protect profits. About the only things I feel good about are one bear fund, BEARX - but that has a lot of metal miners. I feel good about my puts on homebuilders LEN and BZH.