Buck Fever

By: Bill West | Sun, May 25, 2008
Print Email

5/25/2008 10:20:55 AM

Welcome Subscribers:

To learn more about my Fat Pitch ETF Advisory, please click here.

Sometimes you have to guard yourself from having Buck Fever. In my haste to get my Market Letter off and running, I probably chased a few ETF's with market orders and not waiting for a better entry price. Now that we have 6 to 8 positions on, we can start being a little more cautious in how we enter a trade. We would like to have 10 to 12 positions on but there might be times that we drop back to 5 or 6 and just keep the rest in cash. Still I feel that we are well positioned for the future. NRL and COW are working well for us. Inflation is heating up and we have some good hedges on. We are looking to add two more positions and another order of PAL. I still feel EWT, the Taiwan Fund should get up to 18 to 20. After hitting 17 1/2 it has faltered, so we will keep our stop in at 16.

Trade Actions:

Sell Short REM Mortgage Real Estate Investment Trust @ 25.2 or Better
Buy FUE Elements BioFuel @ 10.0 or Better
Also add another PAL @ 6.00 or Better

Market Outlook/Potential Opportunities:

The US Stock Market probably still has another Major leg to the downside. Before that happens, I think a short-term bounce to the upside could happen here. We want to set up Short positions at that time. Last week I was looking at ITB home construction and IAT regional banks as shorts. I should have made the trade. Now we would be chasing them. We will also be looking at a few more shorts in the Stock Market. We will wait for a rally and another opportunity. We are also keeping a close eye on Gold and Silver ETF's for possible buys. We are looking for a pullback here for a better entry.

Current Long Portfolio:

Long CGW @ 25.55

It closed at 25.16

Stop @ 24

Long DBB @ 25.60

It closed at 25.10

Stop @ 24.5

Long PAL @ 7.10

It closed at 6.16

Buy another under 6

Long EWT @ 15.65

It closed at 16.19

Stop @ 16

Long NLR @ 32.59

It closed at 35.38

Stop @ 33

Long COW @ 44.39

It closed at 44.69

Stop @ 43.5

Long HHJ @ 16.28

It closed at 15.78

Stop @ 15

Current Short Portfolio:

None at this time, looking for our first short.

Recently Closed Positions


Thank You
Any questions you can e mail me bill@stockbarometer.com.



Bill West

Author: Bill West

Bill West
Fat Pitch ETF Advisory

Bill West

Important Disclosure
Futures, Options, Mutual Fund, ETF and Equity trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to buy/sell Futures, Options, Mutual Funds or Equities. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this Web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

Performance results are hypothetical. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as a lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

Investment Research Group and all individuals affiliated with Investment Research Group assume no responsibilities for your trading and investment results.

Investment Research Group (IRG), as a publisher of a financial newsletter of general and regular circulation, cannot tender individual investment advice. Only a registered broker or investment adviser may advise you individually on the suitability and performance of your portfolio or specific investments.

In making any investment decision, you will rely solely on your own review and examination of the fact and records relating to such investments. Past performance of our recommendations is not an indication of future performance. The publisher shall have no liability of whatever nature in respect of any claims, damages, loss, or expense arising out of or in connection with the reliance by you on the contents of our Web site, any promotion, published material, alert, or update.

For a complete understanding of the risks associated with trading, see our Risk Disclosure.

Copyright © 2008-2011 Bill West

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com