Update: RGLD, FCX, ICE, AIRN, POT, VLO

Posted on October 15th, 2007 in Long Trade, Stock Market | No Comments »

RGLD - Royal Gold is still looking good holding well above EMA9 and EMA21. It’s still on target to go towards $37. (Original entry)

FCX - Also another precious metal stock play is holding very well. Yes, there was a sell off on Thursday, but the price on Friday did not go lower then the low bar on Thursday and on lighter volume. It may test $112 but then head up again.

ICE - I got stopped out on 10/11 @ $158.3 but I did get a +16% profit. This was a classic top like I speculated that it would attempt to rise to $164.99 which it did on 10/10 and 10/11. On 10/11 it hit a whole number high of $165.00, failed and closed down with wide price spread. I am going to re-enter at $153.20 if the volume looks good.

AIRN - Thank goodness for stops, I got out for a small loss but it could have been much worse. I like the action on Friday when it close above the EMA21. If it can close above the EMA9 on higher volume I will get in again.

POT - Trade is still in play (Original entry)

VLO -Price action on Friday was good. Still on target to $78.52 (Original entry)

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Long Trade: Royal Gold (RGLD) Stock, AIRN

Posted on October 4th, 2007 in Long Trade | 1 Comment »

The market is turning back up this morning as it was down for a while. I do not see much action today as we are waiting for the government job report tomorrow. I don’t expect much action today. I entered into a long trade with Royal Gold (RGLD) at $32.50 this morning. It showed great resistance bouncing off the EMA(21) and now above the EMA(9) these are magic support lines. Additionally there was a high volume high on 8/8 at $31.83 with 1.8MM shares. Keep your stop just under the EMA(9).

AIRN - [[AIRN]] This is acting nice this morning up 3% at $2.67 on already stronger volume then yesterday. This is still on track to head towards $3.00.

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Update: FCX, DO, AIRN, ICE, CPST

Posted on October 3rd, 2007 in Long Trade, Stock Market | No Comments »

FCX -Freeport McMoRan went down today because spot gold lost $14. FCX did not break the low of yesterday and was on loghter volume which is good.

CPST - Capstone Turbine I was stopped out at 1.17 and did not get back in the trade. The good news is that it hit my target price of $1.12. The bad news was that I forgot to place my order in……..

ICE - InterContinental Exchange is still holding strong with a current unrealized profit of 11.8%. I still think this will go up to $165.

DO - Diamond Offshore, still in trade at $111.52, it formed a bullish hammer which is positive but let’s what the action in the morning as I think oil prices might go lower since the US dollar bounced higher today which is why gold traded lower.

AIRN - Airspan Networks entered at $2.55 this morning.

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Trade: Airspan Networks (AIRN) Stock

Posted on October 3rd, 2007 in Long Trade | 1 Comment »

I went long this morning at $2.55. The stock touched the $2.00 price 4 times and the last time there was 2.75MM shares. My first target is $3.01 but I suspect this wants to test between 3.20 to 3.60 price. I have my stop in place under 2.44.

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