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

To: Jacob Snyder who wrote (155903)	8/22/2011 8:42:25 PM
From: Bearcatbob	Respond to of 206085

Interesting Jacob - I was thinking of CCJ as well. I am still gun shy of this market. Bob

To: Jacob Snyder who wrote (155903)	8/23/2011 3:26:40 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 206085

RIG chart and buy plan: RIG is not a BuyAndHold stock. It has now given back 109$ of the 143$ runup, from the 2002 low of 18$, to the 2008 high of 161$. The stock price is yanked up and down by high debt, erratic dividends, hi capital costs combined with little visibility into future demand for offshore drilling, and erratic oil prices. Stock troughs at around: 1. LT support line of 42$, coinciding with 2. volume 2 or 3 times normal (best indicator) 3. RSI is below 30 on weekly chart 4. MACD crossover

To: Jacob Snyder who wrote (155903)	9/22/2011 1:08:25 PM
From: Jacob Snyder	Respond to of 206085

CCJ: Support at $20.70, the 2010 low, has failed. The 10Wma continues to be resistance. At this point, since I'm guessing a 70% chance of a double-dip recession, there is a chance CCJ revisits its 2008 lows. If it gets there, it'll pay a dividend yield of 0.40/12 = 3.3%. And that dividend gets paid in Canadian dollars, which is protection against a collapse in the U.S. dollar. Lots of stocks become dividend stocks, at the 2008-9 lows.