Saturday, October 27, 2012

Taking more profits

Illinios Tool Works (ITW), sold @ $60 ($46 cost basis), 26% total return with dividends.

Sold my JNJ

@ $71. 27% total return including dividends.  Not bad.

Petro-bras

Gone.  Sold for 34% loss.  Where did I go wrong here?  Investing in a socialist state's state-owned enterprise.

Monday, June 11, 2012

In on the Yamana

Picked up 2000 Yamana Gold (AUY) at $15.75. Gold has bottomed and so have the miners.  I'm looking for explosive upside.

Friday, March 16, 2012

BTU and MOS

Added to Mosaic just above $55.  Bought 200 Peabody Energy (BTU) @ $31.

Wednesday, February 29, 2012

Sold all my Yamana Gold

Sold all 2000 Yamana Gold (AUY) @ $17.40, cost basis $12.05, for a 46% gain with dividends.  Will buy back at lower prices.

I think the rout in $GOLD may continue down to $1650.  Alot of positive momentum was destroyed today technically.

Thursday, February 23, 2012

Conoco Cup & Handle

ConocoPhillips (COP) looks to have made a multi-year cup and handle pattern on the weekly chart.  The measured target for this stock is $120.


With Oil prices in a bullish inverted head and shoulders pattern, and natural gas having seemingly found a bottom, this stock appears poised to move significantly higher.  Long and strong.