I see you're wearing a white shirt.

Did a little selling today. I would have sold more, but I was distracted and didn't get to the PC quick enough.

I agree. You have to have serious brass ones to try to get in front of a moving freight train. That said, if you are going to do it, now is the time. Oversold both weekly and daily.

Gold may take a breather.....not expecting it to dive. Oddly some of the better gold miners have not moved up much lately, probably a mildly bearish sign for Au.

I sold out of PM. Also so 1/2 my shares of ARUN, VIT, VTR and WRE.

going to buy 2 bob of Queensland Rail in October... may as well be in on the deal.

Wonder if MON is well-priced at this point.

Might be - earnings down?? I'll need to study it a bit. Did PF send an e-alert?

Don't try to catch a falling knife!

The MACD now shows signs of topping, as do several other
indicators I follow. Might be time to take some short-term
profits, although I don't see a huge drop from these levels.
Probably more of a sideways movement until indicators show a
buy level again.....

LOL, PF still says buy @ 97. Perhaps a bit behing the times?

Still a bit expensive but seems perhaps worth a nibble around $45 for the long-term. Long-term after all, folks need to eat. There is some good "bad news" helping to drop it for the time being, but that may be a good thing, get in and just reinvest the div, 2%, IIRC for a while. I dont need it to go anywhere for about 35 years

True but the support seems decent at $45. Getting there if we have a couple of decent down days.

This may sound stupid and you'll probably say to yourself "Why would I buy it for more than it's currently trading at". Well because this strategy will keep you from buying the falling knife that is in freefall. Here goes....Usually a falling knife won't make it past resistance and the next resistance is 48.85...so if you put in a buy order just above it...say 49.00 it will help protect you from buying something that may have some bad news to announce that may cause it to open up one day much lower. And if it continues down you just adjust your buy/stop order to the next resistance.

Understood. Thanks!

My logic was that the deepest resistance is 45, so if I put in a limit buy at 45 or so, then that is probably the lowest that it will go on whatever other bad news might hit it.

It is an attempt to catch a bottom. I can always adjust my price up if it bottoms higher and I miss it.

Kind of the same, just setting a low buy price to catch near bottom if possible, right?

Don't you mean support at 45? Looking at a long term it's been on a bull run from 2003 to 2008..but is breaking down now. Should have held support around 67 but broke that. Lets see if 45 holds.

I'm more on the IBD bandwagon. I don't shop the bargain basement so much. I select solid companies that break up with volume. MON may be OK. I put it on my watch list. When and if it breaks with volume, I will buy.

That said, I rarely buy IPO's but the wife talked me into CCSC. Sweet.