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It looks like the Market Speculator, a favorite blogger whose, er, speculations are always interesting to follow is back in action this month after a season on the sidelines. On August 5th Market Speculator posted four new long positions (which he apparently still holds). One of his new longs was the American market in general, [...] I take my lumps in public here, so its not red-boarding to point out the sucessful predictions (guesses?) when they actually do occur! Thursday we briefly touched to 200 day moving average on the S & P 500, fulfilling my prophecy of May 25th that it would in fact be hit this summer. In May [...] I mentioned back in February that Thompson’s insider buy ratio chart is worth looking at if you are in the game of calling market tops and bottoms. And with 20-20 hindsight it does indeed seem that this chart peaked with the February market top: Now I don’t think corporate execs really had that much to [...] Picking stocks off the bottom of the 52-week low list can be fraught with dangers. Like your hidden jewel declaring bankruptcy and its common stock becoming worthless. Book and record store Borders (check that, e-book and music store), mentioned here a couple of weeks ago, is one of those where the B-word has been swirling [...] I guess it doesn’t take too many blizzards to get folks interested in Florida real estate again. When we last looked at St. Joe, it had just filled a giant gap before Christmas, said gap being brought on in October by David Einhorn’s strategic blasting of the firm’s prospects. But JOE hasn’t stopped with just [...] On October 21st, I reported on how David Einhorn pulled the plunger on Florida real estate developer St. Joe, and how contrarians could get a 7% return if the bet on a gap fill. Well, it took a couple of months, plus a trip through the wilderness of new 52 week lows, but that gap [...] Update: The higher gap (around $31) we were looking at last week has indeed filled: A nice trade that we provided here, that increased so far 15.6% in nine trading days. If I was in GMCR, I would take profits here, I wouldn’t be greedy and try to get the $38 gap to fill, [...] Here’s one I was following pretty closely here in the spring: Supervalue gapped lower yesterday on an earning report indicating a quarterly loss and stalled turn-around plan. More than ten percent is available here if we can get SVU to fill that gap relatively quickly. The adventurous have profited from Sunday’s post: we got a nice gap fill at the $28 level and beyond: Not bad for a quickie trade, anyone gonna stick around and see if $31 fills? As the above chart shows, Gamestop has turned from a dangerously gappy issue to one that rarely shows opening gaps. As a matter of fact, the only unfilled gap on the chart is the very first one from back in mid-October, when it plunged from $28. You would have to be a very strong bull [...] |
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