Monday, March 26, 2007

The Charts

Today the index charts sure look like a bullish flag across the board. And they are over the 50 DMA. So without bad news, I'm in dip buying mode. But what? I suppose I could just buy index calls. Or find some leaders to buy for trades. Gotta do some work.

PS: Hmmm, the Alpha Fund is up 9.7% this year to date. Not bad. :-)

PPS: Added some HD to the Alpha Fund - it sure looks like LBO material to me, and they have a pro-shareholder director now & Nardelli is out. It's at the 200 DMA, 13x PE, relatively stable E and lots of assets. I'll add more on a move up over the 50 DMA or down at LT support near 34.

9 comments:

mern said...

had great seats for the friendly yesterday, USA vs Equador. 32,000 showed up at ray jay stadium, about 10k of which were Equador fans. it was lyrically beautiful out. Donovan scored before i was done my fist beer, 45 seconds in.

he then scored 2 more in the 66 and 67 minute. both goals were right by our seats and on the hat trick he ran right over near us. i was in row K, tried to throw my cap on the field, but alas i made it only row C before nailing some guy in the back of the head. LOL

USA has a new pup, #5, and i like him a lot.

saw a cool pumper stick yesterday. "men play football, real men play soccer"

;-)

havent even looked at charts yet, did taxes for dog shop and personal over the weekend. now i need a day off. plus i got sun burn yesterday, and have a big bruise on my leg but i dont know why????????

Bunkerman said...

Uh, Mern, real men play RUGBY ;-)

You probably bumped a seat at the stadium cheering ;-)

mern said...

i knew u wud say that.

nah, i fell off the coach :-(

helene meisler wrote an extremely bearish, technical piece.

but dont the beefers need to mark the tape till at least wed.

everyone loves the VLO, but isnt the crack spread headed lower if oil prices stay here or go higher?

Bunkerman said...

VLO is 8x PE. I don't know why they don't just go private.

After April 15, the seasonal strength is gone.

I'm not sure technicals mean much with the market dominated by beefers & ETFs & computer-driven trades. I think the trend counts for a lot more.

Bunkerman said...

Are you sure your dog, Cerise, didn't gnaw on your leg when you were passed out? Maybe she was hungry? ;-)

Bunkerman said...

Hmm, true Mern - the beefers need a payday so will try to keep the market up this week. But Bud says there is beefer power and that window dressing doesn't exist - it's all efficent market lolol :-))

mern said...

gut told me homes wud be weak. got a nice COF slut off right before 10. and 4k Q's short but i only took it for a measely dime.

im sure the bulls will show up in the afternoon, unless we just keep splatting.

cherise did bite all 3 people i had over after the game. she doesnt like it when others play my wii. (nintendo wii). man those guys cudnt stop playing it. for at least 4 hours. tried the bowling yesterday for first time. very realistic

mern said...

marking up never happens. AAPL just going up becuase they sold some extra ipods this weekend

Bunkerman said...

lolololololololol