lowtrade

[lowtrade]

The OTC is a 2 tier trading system. retail orders go to Market Makers who close order from their inventory or place it on the electronic trade system. You don't see trades closed by M&Ms from their inventory. Could give you a page on the background and operation of the OTC 2 tier system and did, but my computer locked up and I lost it. Too much to do again unless you want me to.

CLF: 1 year true value is $7.20 +/-.

GOIG: the chart sure looks like the old darkside play of yester year.

GE: Bad celeb companies with bad stocks rarely come back on their chart with improving fundamentals until after at least 1Q. Institutional which has a bad taste in their mouth, won't drive price without proof. That take usually 3 Q's. So I'd trade the chart and not invest until you see institutional positions sizes increasing.

CMG: over valued or not, there's a V bottom chart pattern in the works. Read my recent post on PNNT for info on that pattern.

PG: Very small short position, Nice size 5 year improving dividend, Institutional adding, not selling out; after all boats market correction pulled them down. Seems they just aren't coming back as hard as the market, for some reason. If I was a big cap investor I'd like this one the minute price reverses in a new up TREND. Need the trend! Watch the DMI indicator for a green over red cross.


Doubt you'll see another 10% correction this year. Like my FAZ 3X bear play just closed. Unless Trump starts a real trade war with more trade tariffs. For that matter I'm keeping my finger on the FAZ trigger, watching and waiting for any global reaction which may come on steel. Doubt you'll see another 2017 climb without several 3% to 5% retraces though.

Here's todays 6 month S&P Chart evaluation;