Wednesday, July 27, 2011

Go long? Again? Piker Trader

Hey go visit Piker Trader.   When everyone in the blogosphere is jumping on some bandwagon, Piker is out there doing some independent thinking.  He even has a proprietary Piker Indicator that is showing time to enter longs, with a 42% annual rate of return, check out the stats.

And some interesting Boatload O Indicators, indicating uncertainty, but I think this drop has legs, mostly because the put call remains low.   HBB wants to draw in some bear money before committing the capital to ramp this up.   Unless Dabama ponies up, so to speak.

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Insightful and Useful Comment!