Gary Tanashian's  Instablog

Gary Tanashian
Send Message
Gary Tanashian is proprietor of and Actionable, hype-free technical, macro economic and sentiment analysis is provided in the premium market report 'Notes From the Rabbit Hole' ( Complimentary analysis and commentary is available at the... More
My company:
Notes from the rabbit hole
My blog:
Notes From the Rabbit Hole
  • FTEK & SIGM 0 comments
    Apr 15, 2010 12:33 PM | about stocks: FTEK, SIGM
    NFTRH is not a trading letter by any means. But I trade because that's a tool I use to keep up with and exceed the inflation rate. The chart has been updating since it was first presented in NFTRH and the trade was noted on the blog originally w/out a chart or identification of the stocks in question.

    The original intent was to intiate FTEK - an old favorite of mine - on the pullback and then add on a gap fill. I got a bit stingy on the gap fill and never got more. So be it.

    SIGM was a pullback and buy around the 62% fib. These are bottom-feed (in relation to the upside hysterics elsewhere) bull plays and after exercising some patience, we get to slap the 'so far so good' designation on the trades. We'll see how it works out.

    Downtrends attempting to break up and out.

    Please do not take this as a recommendation because they are just trades and if the objectives fail, the trades will be in the books quickly. This is just an illustration how, aside from the precious metals, I beat the inflation-fueled market at its own bull game back in Inflation Bull Part 1, circa 2003-2007. Your tack may of course be different.

    Disclosure: Long both FTEK & SIGM at time of writing.
    Stocks: FTEK, SIGM
Back To Gary Tanashian's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.