I LIKE LimeLight Networks. I started picking up more the other day at $9.68 and kept buying as it dropped, the last block being bought at $9.35. Then yesterday, I started selling it as it rose, the last being in the last 30 minutes before the close at $11.50. Nice 9% gain for a hold over the weekend, as it averaged out. It's looking like it's retracing a bit today with some profit taking. I'm looking for it to fall to around the $11 level (around it's 50 day moving average line), and I'll look to get some more there.
Gold is starting to move up again, after failing to drop below the $727 support level in it's retracement last week. What with all the talk of Food Inflation ($3.50 loaves of bread, $4/gallon milk), the Ryder admission that they're hurt by the credit crunch, and all the pollsters saying how bad things are (I think that's mostly politically driven), we'll be seeing a bounce up to new 26 year highs and possibly all time highs before the year is out. Bullion River Gold Corp. (BLRV) just announced yesterday that their reported resource estimate "has been exceeded due to newly gathered information during the mining operation. " That essentially means that there's more gold there than they thought. They're also cutting costs by paring some excess workforce. I'm looking for them to be turning around fairly soon, so get in while you can. Last sale as I type this is $.285 per share.
Tuesday, October 9, 2007
Wednesday, October 3, 2007
I'm baaaack...
Well, it's been a few days since I last posted, but I plead extenuating circumstances:
1. - My laptop that I usually work from in front of the tv (which is starting to show some "burn-in" from the crawl at the bottom of the screen on CNBC) decided it was sufficiently past the warranty date that it could expire safely. It was one of the handful of times I have seen the BSD (some enlightened types call it the Blue Screen of Sorrow) on Windows-XP. I knew it couldn't be good... I'm back to the desktop machine I made back in 2002, having to run from the family room to the office to check on a stock mentioned in the news.
2. - Halo 3 came out on 25-Sept. and my beautiful wife didn't get me one until the 29th. I spent four whole days sulking and playing Halo 2 from beginning to end (just to remember the "story thus far...") and thinking of all the 10 year-olds that were going to be all practiced and kicking my butt when I made it online. We finally picked one up Saturday at Costco and I was through the campaign mode (albeit on "easy") by Sunday at midnight. I'm about a third of the way through it on "heroic" now...
Thus my lack of enthusiasm for posting in the last few days, although I've still made a few bucks watching the charts. Taking a look at some short term charts (5 days), I found some MACD crossovers that looked good for the short term. I picked up some Lumera (LMRA) at $4.37 and let it go a day later at a $4.28 when it didn't look like it was going to go anywhere. At the same time I picked up the Lumera, I also found some Limelight Networks (LLNW) at $8.67 that had the same sort of crossover. I sold it today at $9.94 as the RSI was getting into the overbought range. Nice 15% profit for a couple days of holding the stock. I think I'll be keeping an eye on LLNW, as they're starting to look like a longer term opportunity.
I'm still thinking gold has room to run, but we'll be seeing a pullback in the short term as profit taking drives the market lower. Keep an eye on BLRV, as it's still pretty cheap. But watch out when gold turns around and starts up again.
1. - My laptop that I usually work from in front of the tv (which is starting to show some "burn-in" from the crawl at the bottom of the screen on CNBC) decided it was sufficiently past the warranty date that it could expire safely. It was one of the handful of times I have seen the BSD (some enlightened types call it the Blue Screen of Sorrow) on Windows-XP. I knew it couldn't be good... I'm back to the desktop machine I made back in 2002, having to run from the family room to the office to check on a stock mentioned in the news.
2. - Halo 3 came out on 25-Sept. and my beautiful wife didn't get me one until the 29th. I spent four whole days sulking and playing Halo 2 from beginning to end (just to remember the "story thus far...") and thinking of all the 10 year-olds that were going to be all practiced and kicking my butt when I made it online. We finally picked one up Saturday at Costco and I was through the campaign mode (albeit on "easy") by Sunday at midnight. I'm about a third of the way through it on "heroic" now...
Thus my lack of enthusiasm for posting in the last few days, although I've still made a few bucks watching the charts. Taking a look at some short term charts (5 days), I found some MACD crossovers that looked good for the short term. I picked up some Lumera (LMRA) at $4.37 and let it go a day later at a $4.28 when it didn't look like it was going to go anywhere. At the same time I picked up the Lumera, I also found some Limelight Networks (LLNW) at $8.67 that had the same sort of crossover. I sold it today at $9.94 as the RSI was getting into the overbought range. Nice 15% profit for a couple days of holding the stock. I think I'll be keeping an eye on LLNW, as they're starting to look like a longer term opportunity.
I'm still thinking gold has room to run, but we'll be seeing a pullback in the short term as profit taking drives the market lower. Keep an eye on BLRV, as it's still pretty cheap. But watch out when gold turns around and starts up again.
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