LONG IDEAS FOR THURSDAY AND FRIDAY: BGG, WAB, EXC, HOV
SHORT IDEAS: PMT, EW, CRI
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BALT had the second best gain of the dry bulk shippers today, in a big down day in the over all markets, it's moved side ways for a couple of months, building up pressure, and, COULD, break out to the upside. If so, an "Equal Move", COULD, take it to the $6.50 "area".
The top chart shows that it tends to follow the $BDI around, the $BDI broke to new highs for the last two years, soooooooooooo, who knows, one thing is the $BDI tends to be a little, aaaaaahhhhhh, VOLATILE, so there could be a bad reaction to the day in the over nights.
12/10: Short WAT, target April low, BUTT, watch support at $95.
TRADE IDEAS FOR MONDAY, DECEMBER 9, 2013