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ChartReader

05/05/10 12:04 PM

#650349 RE: ChartReader #650348

DIG--Some days it's easy...

05/05/2010 Sell xxxx DIG PROSHS ULTRA OIL & GAS ULTRA OIL & GAS
Details $35.85000

05/05/2010 Buy xxxx DIG PROSHS ULTRA OIL & GAS ULTRA OIL & GAS
Details $34.66000
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fabian

05/05/10 12:31 PM

#650354 RE: ChartReader #650348

Nice trades CR. Babycakes...excellent add's on HRBN...your phase in strategy is good. Holding this one from the prices you bought at is likely to pay off big longer term IOHO.
It feels like some of these stocks like HRBN GFRE [and some commodity stocks] ...the negative sentiment which has been present for quite a while reached the capitulation stage this morning. Excellent time to buy or add to existing positions if one has some cash.
Commodities and China are not going down the tubes long term.
They are just subject to violent corrections which, while shocking at the time are just part of normal for these groups.
BHP a $230 Billion market cap commodities leader shed 18% in a short time while the SnP has only shed 4%.
That is some violent action for a mega cap stock with a solid future.
It is the core commodity holding if one can hold only one commodity stock.
While no one can say for sure that the correction is over for these SC China and Commodity stocks, this is the situation that creates big opportunities once or twice a year and today feels like short term and possibly longer term capitulation.
F