SYT, avg daily volume 33,000, could be hard to get out of, in a
very high risk bear mkt rally, unless you place all or none orders,
so caution is the word here
Here are some other good ag/fertilizer stocks: check out
TITN, FEED, CE, CF, plus other chemical stks
These ag/fertilizers should all be fantastic buys after we
hit bottom 10,000/10,500ish zone on DOW and 1175/1075ish zone
on SPX
for swing traders, it is best by far, and safest, to go long the
strongest sectors, and short the weakest sectors, not reverse,
ag/fertilizer is by far in the "strongest sector category",
and that does not look to change any time soon, we should see a
long good bull run ahead of us for food and ag, so if you are a
swing trader, it's best/prudent/safer to wait to go long these stks
after we hit bottom in the major indices, but if you are
a day trader, you can play both sides/long and short, but best to
have very tight stops, as we are nearing the end of this bear mkt
rally, not much more time or room to run, few short weeks/days and
points up left, then the tankage commences, just my opinion
Head and shoulders bearish patterns have a very high success
rate of achieving price target. Very low failure rate. So it
is prudent to be cautious if you are long a stock in this
pattern. POT is in 2 of these patterns currently, already hit
1st target of 187, and headed for 2nd target of 123. This is
a very potent and reliable pattern to the downside. So
one could deduce that POT is a very good short. However,
since it is in one of the strongest sectors, then that
somewhat lessens its attractiveness/and increases its risk to some
degree.
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syut
agricuture/food stocks
Posted by andreac on 14th of Aug 2008 at 01:31 pm
SYT, avg daily volume 33,000, could be hard to get out of, in a very high risk bear mkt rally, unless you place all or none orders, so caution is the word here
Here are some other good ag/fertilizer stocks: check out TITN, FEED, CE, CF, plus other chemical stks
These ag/fertilizers should all be fantastic buys after we hit bottom 10,000/10,500ish zone on DOW and 1175/1075ish zone on SPX
oops - SYT and SYUT
Posted by andreac on 14th of Aug 2008 at 01:48 pm
SYUT - avg daily volume 33,000
SYT - avg daily volume 638,000
for swing traders, it is best by far, and safest, to go long the strongest sectors, and short the weakest sectors, not reverse, ag/fertilizer is by far in the "strongest sector category", and that does not look to change any time soon, we should see a long good bull run ahead of us for food and ag, so if you are a swing trader, it's best/prudent/safer to wait to go long these stks after we hit bottom in the major indices, but if you are a day trader, you can play both sides/long and short, but best to have very tight stops, as we are nearing the end of this bear mkt rally, not much more time or room to run, few short weeks/days and points up left, then the tankage commences, just my opinion
Head & Shoulders bearish pattern
Posted by andreac on 14th of Aug 2008 at 02:08 pm
Head and shoulders bearish patterns have a very high success rate of achieving price target. Very low failure rate. So it is prudent to be cautious if you are long a stock in this pattern. POT is in 2 of these patterns currently, already hit 1st target of 187, and headed for 2nd target of 123. This is a very potent and reliable pattern to the downside. So one could deduce that POT is a very good short. However, since it is in one of the strongest sectors, then that somewhat lessens its attractiveness/and increases its risk to some degree.