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I put these charts together last night for you, but I was too wiped out to write anything in conjunction (I got home real late last night).
Turns out that may not have been such a bad thing. You’ll see what I mean when you see the charts.
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Sometimes in the beginnings of a trend or cycle change, you can take advantage of some otherwise extremely risky pinless hand-grenade type plays that would otherwise be off limits to all but the most eyeball-sunburnt screen jockies.
I think this is one of those periods, and I’ve got two stocks for the “piker community” and a third for the Gentleman (and Ladies) of The PPT that look like apt candidates for some “follow fun.” Not coincidentally, these three stocks were all up double digits yesterday, and two of them were up 20% or more.
Keep in mind that “pinless hand grenade” is a generous description of these little buggers, for if that is an apt description of biotech, then the apt description of this sector — the “rare earth metals” — is more like “loosely wired suitcase nuke with a broken clasp.” Play very tiny if you choose to do so — for fun really, as your real meat will be carved from the husks of the gold and silver bears (Hellloooo Palo Alto!), and these should be considered nothing more than the most amusing of “amuse-bouches.”
First let’s look at QRM and check my buy and sell zones:
Note that I did these charts last night… and you can see that I thought that we’d run into some pretty immediate consolidation… which we did. In fact, I thought this one would be a little bit easier as it had launched the day before off it’s 20-day EMA. I figured that would provide some good support, post consolidation (the box area), but that one might want to wait till it launches once again (as I’m almost sure it will) past that boxed consolidation zone. As I type this, QRM is trading at $3.02 with a LOD of $2.98.
Now let’s look at serious pocket rocket AVL. I figured this one would have a nice sell-off this morning, due to it being up almost 24% (!!!) yesterday, and I was not incorreuct (sic). Right now, it’s down almost 6.3% to $3.14 with an LOD of $3.11.
Want to guess where $3.11 is on that chart below?
Yeah, right about now I’m feeling like you can just call me “Neo” and I’ll stop all the bullets and the black suit guys for you with a wave of my hand.
But that shit never lasts so take advantage of it while you can.
Best to all. PPT’ers look for #3 in the “Notes section” of The PPT.
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There is no spoon
Why would you post Fly’s picture like that? Veddy nice post… patiently waiting for #3 in the PPT.
Thanks Jake,
Waiting too.
Will pick #3 be in the regular PPT, or in the Super Double Secret PPT?
Check Chess’s latest blog for video of secret hand shake
Sorry, it’s in there now… I got called out for a sec.
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Under what inflationary scenario would Food DBA keep heading down, as GLD keeps heading upward?
http://tinyurl.com/88yh6dr
This divergence has hit INSANE extremes. It does not seem sustainable at all.
If you are loaded up in Gold, you should really consider some RJA DBA or CORN while it is on sale!
I think you should consider moving HALF your metals position into DBA at these levels. Put on a jim rogers bowtie, and think it over.
That chart looks sick. I’d be careful.
I noted IPSU has been sick too… ags and sugar… hmmm.
Probably something to do with the petrol prices? That would certainly eat into ag costs…
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Thanks Jake…grabbed some #3 near your price. Cheers
Gimlet-eyed readers will note that the third pick has been unveiled on this page since I posted it.
You all must not drink enough Gimlets.
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I noticed and have been laughing for some time at the PPT members waiting for your reveal … If it were the nose on their faces it would have bitten them … Hahaha!
Is it PCX Jake? PCX ??
🙂
AUQ upgraded to Buy this morning looks like.
Doesn’t look like much is getting in the way of the PM juggernaut…
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ANDE ? Bot lite. Interesting and thin. Play $ in AVL. Add? Swung 15000 EXK at $11.9 up. Replace here? Sorry to be a burden on your shoulders but i thinks you bes hot hand.
Stand pat.
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QRM giveth. And she taketh away.
If you had the PPT, you know I did not add that one yesterday.
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i didn’t add. Just commenting that the sound we heard today was that of a pinless hand blower-upper.
What horse you backing in the GOP race now?
Romney > You bowed out on him early after supporting him last election (too middle of the road?)
Perry > You were hopeful but disappointed with the rest of the party
Cain > Pulled on your heart strings but exposed as a hypocrite & phony
Paul > Too old and too LIBERAL
Bachmann > Another Palin but weirder
Gingrich > The Dems can only dream but not you, right?
Huntsman > The logical choice but not very assertive … In a mano y mano, he’d be the bottom even though some insist he’s most suited to beat Obama.
Santorum > Meh …
Karger > gay rights activist in a conservative party ???
Johnson > a Libertarian, pro marijuana, Pro Choice and an atheist or agnostic … Oops!
McMillan > Former Democrat and best known for running for mayor, governor & senator under “The Rents Too Damn High” Party … LOL
Miller > the peoples’ man … small govt, anti entrenched political elite and a career flight attendant … My man!
Vern Wuensche > I just like his name but forgettaboutit! … a Construction Contractor from Houston … Another Texan?
Buddy Roemer > Another great name … rolls off the lips … a 67 year old, former Democrat and Governor of LA espousing campaign finance reform and thus has a self imposed $100 limitation on contributions for his own candidacy … We get the point, see ya on the Independent ticket.
So what’s it gonna be boy? Huntsman … Yes or NO … Bring back McCain or you back on the Romney band wagon (18%)?
No Huntsman.
Romney if need be, but I’d prefer almost anyone else, save Zero.
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Jake,
Just wondering what percent you have in physical gold and/or silver or would recommend?
I would have at least 10%, depending on your net worth, and vault size. Less if more of the former, more if more of the latter.
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Thanks!!! I have little of the former and none of the latter lol. Should I put the physical in a safe deposit box or bury it in a cigar tin in an undisclosed place somewhere in the jungle? You can be sure I plan to avoid hiding it in a Hawaiian Heiau.
What is that last thing?
I would say a safety deposit box is probably still okay, although I might invest in a nice home safe.
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Good showing by the giants tonight … what’s that … 4 in a row now?
That’s cold.
Yeah but at least Coughlin in 0-5 in his last 5 challenges…mama mia, i was in our seats (upper deck) and I could clearly see that both challenges were not going to go in our favor. He needs someone with better eyes in that booth.
But, incredibly, first time in a very long time the stadium wasn’t 1/3 empty in the fourth quarter. Even the “Mr. D” that sits in front of me stayed to the last second. That’s how good a game it was.
It was a very gripping game. I am still getting over the grief.
I would feel bad for Eli were it not for his patented “Manning Pick Six” that he threw to that long haired asshole in the first quarter.
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yes, unfortunately that was in our endzone so i had the perfect view of the manning gut punch.
Don’t worry about Teahouse… he’s got a 19-0 problem that he will likely die with if he doesn’t just let it go.
Sort of like his long term affinity for the Democrat Party… heh.
But I thought it kind of interesting… we lost to the Patsies by a scoshe in the regular season too…
Can lighting strike twice?
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