Comments on: Thursday – Oil Review and Gas Preview Plus E.F.S. Update

By: PackMan

PackMan — Fri, 26 Jun 2009 01:21:22 +0000

BOP – 104 – healthcare …

http://hopeychange.blogspot.com/2009/06/obamacare-updates_23.html

By: tater

tater — Thu, 25 Jun 2009 22:12:22 +0000

ram,
HK ideas – I’m beginning to lose that loving feeling. Not that I believe HK is going to nosedive or anything, I just mean that I think that my landmarks are beginning to fail. That support at 22ish (purple line on the daily view) was BIG support TA-wise, but it didn’t come to fruition. Granted, the general market had a bad hair day, but ….
If you look at the volume bars on the 60 min chart for today, you can see a rhythmic-ish descending pattern of really pretty bars. I hate seeing that because it means somebody with a bunch of money has found a new playground.
I have no idea what their intentions are, I only know that “they’re heeere”.
So I don’t mean to just beg off and say I don’t know, I just think that my mojo is failing and I want to reserve judgement for a time when I feel more confident.
I try to pick low hanging fruit. HK has a battle to fight at $22ish and I’d prefer to hop in after I see who wins the fight.
(I’m sure it will be the fund with the most $)

VTZ – reason for the bad NatGas PR in Washington? Come on, you of all people know the answer to that one. They neglected to mail the check!

By: BirdsofpreyRcool

BirdsofpreyRcool — Thu, 25 Jun 2009 20:12:45 +0000

z — spoken like a truly wise student of the market. as usual, you are correct, sir!

By: zman

zman — Thu, 25 Jun 2009 20:09:20 +0000

Hey, I’m glad to see some size come out on the offer as the stock has been working through 5,000 and 10,000 share sales all day. And I’d rather it not spike up all at once as a move higher than the spike will take longer if we get more “I don’t know more than the ticker” types in the names. Happened to WRES a few weeks back when we came close to $3 from the lower $2s in a couple days. Then, as you rally back after the inevitable fall, you have to work through all those unfortunate souls who bought closer to $3 (which is what WRES is doing now). Much rather have the steady path higher. I do think we get the breakout above $1.20 before further word from the company but would be content with a much slower rise from there, with a subtle increase in avg daily volume to match.