Tiger Software: 1/23/2008
(C) 2008 William Schmidt, Ph.D. william_schmidt@hotmail.com
Editor's Note:
Shorted stocks rallied mostly today because of Fed action. I would wait until
they close above 50-day ma before covering. Watch the Bullish stocks for
FIDSTKS (all Fidelity's biggest holdings) to see when they start turning up.
Watch the highest Accumulation (AI/200) stocks for the same thing.
Buy SLV up to 159.40 159.20 +.18
Buy Gold at 41. Rangold Resources AI/200=153 45.33 IP21>.25 ITRS=.30
Buy GLD back at 85
Buy DBA up to 34.40 - Power Shares DB Agriculture 34.25
Short Positions:
TISI = 21-day ma of Accum. Index.IP21=current value of Accum. Index.
In general, we will cover short sales if they close above 50-day ma. with IP21>0.
If they jump too fast, hold them short. They will combe back to the 50-day ma.
Cover them there. Know that some of these may be short sales again when
their short covering rallies are over.
Short sales (IP21=current Accum. Index)
ABFS 24.13 +3.38 AI/200=12 IP21<0... Cover at 22.4
AMWD 19.16 +2.37 AI/200=40 IP21=-.15
BONT 6.97 +.94 IP21 is very low. AI/200=12
XING 6.78 +.01 AI/200=19
PFCB 28.41 +3.87 If still short cover at 25.21 shorted at 22. AI/200=18 IP21>0. Red Buy,
ISLE 10.94 +.75 shorted at 12.77 AI/200=14
DSW 17,54 +.72 AI/200=38 Very low IP21.
ETM 11.30 +.30 AI/200=41 Entrecom Communications.
CHS 8.81 +.83 AI/200=23 Bernard Chaus
WMG 6.25 +.33 AI/200=24
MAS 21.78 +2.19 IP21<0. AI/200=19
WM 16.08 +1.36 AI/200=62
VFGI 15.86 +.49 AI/200=5
ETM 11.30 +.30 AI/200=41
Long Posiitons.
KEQU 17.00 , AI/200=200)
Bond Fund AGG 103.05 -.36
MCD 52.99 +.59 AI/200=119 broke below 50-day ma... Normally held for 21 months.
Was Tahiti Stock for Quarters 1 and 2, 2007. Hold 21 months.
XOM 83.45 +1.00 AI/200=168... Highest AI/200 Stock. Hold 21 months.
Another head and shoulders top.
Tahiti Stock at end of 3rd and 4th quarters.