Where In The World Is Stochastics1?

In other words what stocks am I playing and watching?

I'm in up to my yin/yang in PDP 20,000 and I have 7600 BWR.wt warrants and about 65% cash in case of a major correction when I will go shopping big time.

I'm up BIGTIME on both overall but in this latest trade(about 1 week old) I'm down, about $19,000 after Fridays trading OUCH! but I'm still holding both.

Ouch!

Which means I stay with this position until the market moves them into a gain which should be less then 2 weeks. I have full confidence that as the market moves higher so will PDP and BWR.


By the way I think this Banking crisis is going to cause a very serious correction before year end, but timing for me is to get out of PDP and BWR before that happens.

(BTW I have a watchlist of 20 other stocks that include CDH:TSX, POE:TSX, CNS:TSXv, YRI:TSX, SLG:TSXv, SNG:TSX, GMI:TSX, KFS:TSX, PAA-TSX

Bernanke: Slower growth ahead

Index View Worth Checking Out

The Broad Market Indexes Move BWR + PDP Up And Down Like A Roller Coaster.


Roller-coaster for stocks

Thursday, November 08, 2007

A grim assessment on the U.S. economy by Federal Reserve Chairman Ben Bernanke and a disappointing outlook from tech icon Cisco Systems combined to send stock markets on a roller coaster ride for a second day before the session ended mixed.

Toronto’s S&P/TSX composite index started positive, then swooped to a 236-point slide before closing 10.41 points higher to 14,128.59, on top of Wednesday’s 252-point slide.

On Wall Street, the Dow Jones industrial average underwent similar swings, racking up a 220-point deficit before closing down 33.73 points to 13,266.29 on top of Wednesday’s 361-point loss.

Mr. Bernanke told the joint economic committee of Congress that a host of economic problems, including the severe housing slump, will cause business growth to slow noticeably in coming months.

The Canadian dollar also endured another volatile session a day after the latest spasm of weakness in the greenback pushed the loonie over $1.10 cents (U.S.) before closing at $1.0775. The currency closed down another 0.91 of a cent to $1.0684 on Thursday after rising earlier in the session.

The TSX Venture Exchange was down 40.09 points to 3,068.86.
The tech-intensive Nasdaq composite was down 52.76 points or almost two per cent to 2,696.

The tech sector was a major source of weakness in New York after a disappointing outlook from Cisco Systems, which said its fourth quarter sales will narrowly miss analyst estimates.
The S&P 500 moved 0.85 point lower to 1,474.77. Canadian Press

© Copyright The Globe and Mail


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