80 Year Anniversary--BOO
Research for Online Investors

by John Dalt

10/30/09

Please make sure john@galtstock.com   is listed in your email contacts, and marked as ‘safe’.  If you do not receive our daily Market Today or paid subscription emails, check your spam filters and/or contact your email service provider to get us Ok’d.  If you send us an email and expect a reply, you will get it, usually within 24 hours.  If you don’t hear from us, do not get mad, most likely we have answered but it is in your filter or was never delivered to you.

Email service providers are becoming very cautious about spam and unsolicited emails.  We do not spam.  We only email to our subscribers, and every one of our emails has an ‘unsubscribe’ link.

Two of our subscribers contacted us today, and we were not able to email back to them.  So let me address their questions here:

SwingTrader Subscriber A.M.
What do you think of Gold and Silver?

We are watching, bought GDX in long-term portfolio this week.  We sold SSRI because it crashed, then put a lower buy price back in to grab it if market corrects.  I like AGQ (double silver), I am not convinced we are close to bottom of precious metals correction.--- John

SwingTrader subscriber J.S.
I just joined last week and I am a little discouraged.

Thanks for writing,  Boeing (BA) is a short; we shorted it at $49.00 and want to buy it back at $45.50, currently at $48 heading in our direction.   Yesterday we bought FAZ at $20.40 sold this morning at $21.75 for 6.6% profit.   Tuesday we bought DUG at $12.30 presently up over 10%   Monday we bought SRS for $9.40 sold on our stop at $9.95 on Wednesday for a 5.3% profit.   Did you get in on these three trades, and the Boeing short?---John Dalt

Thanks for getting back to me it makes me feel a lot better about purchasing this service.  I did not get in on the trades that you mentioned but I did buy UNG.--subscriber J.S.

The UNG is challenged.  Inventory this week is peaking.  I like commodity trades, as we know they will go up.  We just don't know when. Natural gas was over $13 mcf in 2007 They have found great supplies in 2008 - 2009 and the price has crashed to under $4 mcf At these prices exploration budgets are being cut, and well production constricted waiting on higher prices. Natural gas well production depletes faster than crude oil wells so the supply/demand problem will favor us.  I trade all the recommendations, just the way I make them to you in our morning letter. I encourage you to get on them; the last month has been hard to make money because the market has acted like a schizophrenic teenager. Nevertheless, we eked out a profit, and DID NOT lose money. Better record than 90% of the so-called experts! We will close out the DUG for over 11% Monday morning, not bad for 4 trading days. Of course, depending on the market news we may let it run but I like taking profits.

Greed is the worst trait of a trader, the second worse is not protecting profits, and the third is not cutting losses.

I try to balance all of these against each other, giving us discipline to pull some profits out of the market on a consistent basis.  Thank you again for subscribing to the SwingTrader.--John Dalt

There is my day. Helping my customers and fighting email problems. That and watching the market drop over 200 on the DOW. If your portfolio looks like it needs intensive care, why not join one of our premium services. Conservative long-term investors, income investors, or swing traders; we have a service that will help you, and all are guaranteed. If you lost money today, why not join our subscribers? We made money in Swing Trader, held close in Buy, Sell, Hold, and protected our profits in Galt’s Long-Term Portfolio.

Were you aware that this Wednesday and Thursday marked the 80^th anniversary of the 1929 Market Crash?   How does the current stock market rally (ending?) compare to the 1929-1932 bear market? Today's chart illustrates the duration (calendar days) and magnitude (percent gain) of all significant Dow rallies that occurred during the 1929-1932 bear market (solid blue dots). For example, the bear market rally that began in November 1929 lasted 155 calendar days and resulted in a gain of 48%. The duration and magnitude of the current Dow rally (hollow blue dot labeled you are here) is greater than any that occurred during the 1929-1932 bear market.

Does this mean it is time to pull back?

The information presented in this newsletter is based on generally available news releases, corporate filings, current events, interviews and the editor’s opinions.  It may contain errors and you should not make investment decisions based solely on what you believe you have read here.  Do your own research, it is your money.  If you lose it, it is your responsibility, not ours or your grandmothers!  The editor may or may not have a position in any securities discussed.  The editor may have held a position in a security earlier, or in the future.

MarketToday Home Page

Back to Top