Stick with a winner, “they” say — and Mr. Anderson [[ANDE]] keeps winning, up about 5% again today at $30.55. As I mentioned, my medium term target for Mr. A is right at the 61.8% long term fib, or $33.00.
The other Jacksons are back on the winning track too, with [[MON]] looking like it really does want to fill that gap at $85.20 (currently at $84.88) from the other day. That’s probably where I will unload my MONGOLs unless I see some major promise in the very near term from MON. Of course I will continue with my stock position.
[[TC]] is also rocketing again, up almost 7% as I type. [[TIE]] is also moving on low volume, but is breaking into some new territory here, over $10.85.Two others I have been holding for a while that are getting some action today are [[AMKR]] and [[SIFY]]. If SIFY is really taking off here, it’s brother in sub-continent, if nothing else, [[SONS]] may get a rise as well. Good luck to all.
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Jake, ANDE is just redonkulous. Aggies looking nice today MON, ANDE, MOS, etc… if grain prices continue to rally you would think the ag plays will have to be strong.
http://stockcharts.com/h-sc/ui?s=$DJAGR&p=D&yr=0&mn=9&dy=0&id=p68500242171
Go Aggies, Go!
(Sorry Longhorn fans).
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Should have included GLW in the update. It’s just now completing a sizeable “cup” pattern, and I would suggest that now it will tail off a bit, maybe to a little bit below $16.
If it gets there, I may just double up my position.
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This is kind of cool. Turns out GM is relatively a piker compared to those asshats at Lehman.
United States’ largest bankruptcies, LEH is the Titanic.
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Sold half my MONGOL’s at $11.70.
Bot URRE @ $1.79
Off to a meeting, have a nice close.
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Jake,
What are your thoughts on using BDD and DAG to get some metal/ag exposure for those not wanting to select individual names here. Are the volumes too muted for consideration?
E8 DAG is not horrendous, but I would just use MOO. Three times the volume of DAG, and about seven times that of BDD.
I don’t trust the lightly traded ones, since they are indexes. It’s one thing to grab PTM — a marginal volume ETF in one metal, but an index? Give me volume.
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Ok … kinda what I thought you’d say but wanted to make sure.
Thanks … good work on this blog!
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