Okay, EXM: Excel Maritime Carriers
With the BDI getting slammed, I am a little concerned holding EXM through earnings 8/11/08. I have done my homework and have come to rationalize several reasons for the pullback? (no paticular order)
1/ Olympics in China
2/ China drawing down Iron Ore stock piles.
3/ Iron Ore negociations not finalized
4/ Fear of decling [...]
Take a look at TRMB. I found it on the IBD stocks that gained on above average volume. The volume on Friday was insane for this stock and combining Thursday and Friday’s trading, it looks like this stock hit buying pressure and is set to head higher. I am going to take a position this [...]
Here is something I found a bit interesting when I was looking through the ProShares ETFs. This graph is for the ProShares UltraShort Oil & Gas and as you can see, it looks like the professionals are betting on oil prices dropping soon. The surge in volume is a sure sign that professional fund managers [...]
As most of you know, I am an IBD enthusiast. Here are the IBD 20 rules of investing which can be found here. They should be kept somewhere safe and memorized!
If all of IBD’s 20 rules are carefully followed (not just the ones you like), your investment results should materially improve:
1. Consider buying stocks with [...]
Ok guys. Today I am going to discuss the 3 major types of gaps when reading a stock chart. Just to give you an overview, a gap in a chart is when a stock opens significantly higher or lower than the previous close. The types of gaps are breakaway, continuation, and exhaustion.
Breakaway gaps are the price [...]
