Golden Bananas
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It’s Ash Wednesday today, and I’m not sure that I’ve been sufficiently penitent, so I’ll leave off the gloating about the big win on yesterday’s pick, BAA. Suffice it to say that choosing from the juniors yesterday was like throwing a phosphorous grenade into a bucket of comatose darter snails… not very sporting.
But effective, for sure. I’ll just wrap with my view on where BAA looks like it can be bought again:
I’m also stalking AAU, here and some more AUY, but that’ll probably not be ripe til next week sometime. The latter is my Final Four choice, however, so if you want to buy some on Friday, I’d be obliged to ye.
But it”s not just the metal that’s been golden these days, it’s been ag products as well. I stumbled across an old Cincicrappie name I used to follow (they are now moving to Charlotte, I hear) — Chiquita Banana (CQB) . This one’s been working itself back along with a bunch of other beat down ags, and who knows, maybe moving out of Ohio means it has a new lease on life?
Whatever the case, I like it at just a touch above that $9.75 support line. See you there.
My best to you all, my banana burritos.
22 Responses to Golden Bananas
CQB was my March Madness pick last year and I made the pick based solely on seasonality in the PPT! I didn’t win with it last year, but won a couple rounds if my memory serves me correct! I guess it’s doing it’s thing again this time of year.
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It’s funny, I forgot to check the seasonality on PPT, but that’s an amazingly effective tool.
If you folks are serious about your portfolios, you are absolutely nuts not to be using the myriad tools available in the PPT.
For my part, I think the “Notes” section, which is a sort of continuing real-time stock discussion, is worth the price of admission alone.
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Thank you Jake for your continuing input.
Very well done and always appreciated.
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I thunked for a good few minutes on your picks JIG! Congrats! AGAIN!!!
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@Fabian and BRA — de nada.
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“was like throwing a phosphorous grenade into a bucket of comatose darter snails”
lol. Well done.
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Appreciate your picks, Jake. I didn’t get BAA but my AXU is steadily rising.
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Yes, please, buy AAU. Been in since…$5.
Aiyaiyai
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You should be doubling down, then.
Sarious.
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Well, i would except that it was the one miner I kinda got ahead of myself on. Instead of doing the ol’ “buy in lots over time”, i just bought “lots one time” (maybe twice.) And now i’m paying for it. And i can’t quite remember why i even did it, because i’m usually much more cautious than that. I think i saw green once it popped over $5. But i should have remembered that I’m as colorblind as a mofo.
And while i could keep buying more to avg down, it seems foolish to make it a much bigger part of my port than exk, slw, anv, ag, etc.
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Can’t find that ticker, AIY?
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AAU
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No, i was trying to make a joke,” aiy-aiy-ai” from 6′s comment.
But if i have to ‘splain it…
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Mr. ANDErson going BANANAS!
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G…S….S!
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SELL!
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Never!
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Senator, if I squint, there’s a rough inverse head & shoulder formation on the XRA daily chart. I’m glad that I got some yesterday afternoon thanks to your heads-up. Do you have a target in mind? I’m thinking maybe low-mid 5s? Thanks:)
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Depends upon your time frame, but it’s been at $8 before, sooooo….
Barring that, the chart will show you that after $4.00, $5.00 and $5.50, it a regular progression by dollar til you get to $8.00
Disclaimer: I REALLY hate “target” questions. Figure out your time frame for yourself… I tend to hold for long periods.
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Senator, sorry, I just got kind of excited when I saw that inverse head and shoulders:)Thanks for taking the time to explain. I’ve been told that I’m becoming more and more cement-headed myself these days…still holding some of those goodies from Sept-Oct ’09 timeframe (EXK, SLW, NGD etc) thanks to your guidance back then. The goodies from the good old days:)
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dole whip gonna go?
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And why is it that investors all follow the same old predictable herd instinct to the point of refusing to buy up any ETF above the chart’s previous highs?…NUGT was within 50 cents of January highs today, yet it pulled back every time it approached resistance, just like a child afraid to touch a pan on the stove even though the pan has a rubber handle.
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