Denaliguide1's  Instablog

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Writer and analyst engaged in assisting in strategic speculation, using tactical and technical analysis w/ the inclusion of Cyclical and Seasonal patterns, as well as relevant and timely market intell. Background in accounting [ yes I know how they 'cook the books' ], Economics [ "theories are... More
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  • Sometimes ya just gotta do it ! SELL I mean 0 comments
    Dec 3, 2010 9:04 PM | about stocks: OGGN, GMO, UEC, KODKN, WDOFF

      Each week I visually screen about 500 stocks on my ACTIVE Radar.  My technical scans do the Passive Radar thing for the other 5,000.

    Being action oriented I tend to only "Date" stocks, rather than "Marry" them
    [ although I found one last week that is Financee material, and will go into my "FIREnFORGET© Portfolio"].

       That why today was a little sad as I eliminated TEN [ 10 ] positions, almost 25% of my total Tracking Porfolio.   That said there are quite a few litle runners in that TRACKING PORTFOLIO that are hot-footing it to the upside but they too will have a time to sell come to them.

    Today I sold ALL of MNLU
                        1/2   of GGN - 12% profit + divs
                         ALL of BQI   -   5% loss
                         1/2  of GMO -  65% profit since Sept
                         ALL of  EK    -  15% profit since Aug
                         ALL of NOR  -   76% since Sept 30
                         ALL of ME.To-  25% since 9/16
                         ALL of WDO.To-16% since Aug.
                         1/2 of  UEC  -   271% since 10/20

    These were all trades, and sold either cause they were exhausted or the weakest current horses on my string.
    Stopped out of NTR.V @ .66 last week for a double despite the subsequent sell off

    Re-balanced by selling ALL Encanto Potash for a triple.   I antcipate a Re-Buy.

    I dumped MNLU for a 65% profit in two weeks, not because I didnt think it had more potential, but because I developed negative information on one of the insiders, and decided to exit.

    Whilst I see GOLD hanging tough, I could make a case for the coming seasonal weakness to take some of the fire out from under it, but I see no such paralell for Silver, and have some Gold Silver Ratio thoughts about that that I have published elsewhere.

      IMO, commodities will be back, but even the strongest and fasted horses need a rest.

    Disclosure: Theoretical portfolio, sold out any I had, holding NONE
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