The Hampton Letter
 

 
A place for investors to swap investment thoughts.
 
 
   
 
Saturday, December 20, 2003
 
HEC has been played with in th past by anybody and everybody worth his or her salt, including, but not limited to the King of Saudi Arabia, Harvard U fund, and last but not least, remember the stock that George W was driving up before he ran for governor of Texas? Yep this was it.
They seem to go up when oil does. There is a huge reserve in Columbia that they have the rights to. Only trouble is that between the cocaine mafia and the government and the communists, their holdings often are sabatoged and the pipeline to the shipping is cut, spilling out millions of barrels of oil in the jungle. It does look hot again though.

Friday, December 19, 2003
 
I agree that HEC is looking great - moneystream and tsv excellent too. I might help it out on monday also. AZPN and CAS looking great! I have been wrong about the steel companies as of yet. They seem to be doing ok and this just convinces me that CHARTING might be a better way to look at stocks....(instead of looking at political ramifications, CNBC, street talk, ect....)
 
Tom just e-mailed with a suggestion that I look at Harken Energy (HEC) as he thought it looked like a breakout. He is absolutely right. It is a classic hign volume breakout. However, I suggest we take a look at the stock in a monthly charting format. Here you will see that the volume is literally off the chart! Before we get to excited, remember this stock was near $50 a share. It has been falling for years, having toped in late '97 or early '98. Now remember today's volume is in shares NOT dollars. Therefore, high volume on a stock selling for near pennies does not mean we are seeing record dollar volume. It is dollar volume that is actually the key to breakouts, which is why we are often disappointed with 'breakouts' in "recovering" stocks. That said, I think it is well worth a shot! I will have an order in for Monday morning.

Thursday, December 18, 2003
 
I honestly believe this market is getting long in the tooth and each up move is a little more tired looking. That said, I am considering four stocks. Three are from TC2000 and one from Clearstation (a guy called 'UncleBert'). They are VITR, CAS, AZPN, and POL. take a look and make up your own minds. As to Tom's ideas - SGI looks very good on the charts, MRGE looks toppy, Etrade is a CANSLIM stock actively followed by one of the best of the CANSLIM advisors who just this week published it in his weekly best pick mailing. I make that at least two out of three for Tom - and that ain't bad. In fact, I just bought SGI.

Sunday, December 14, 2003
 
Holy energy! Monday should be a good buying opp. to move more into stocks because the markets do not move on Greenspan or other reports that CNBC and the like push to the public, they move on the good ole military and who they capture. Have not found any good ideas yet but some that are looking possible: MRGE (Bert, I think you had MRGE earlier this year?), SGI (got some work from Lockheed), ETrade. I should try to thin out my Nasdaq stuff, though. What about the behavior during an election year if the DEMs win?
 
Also golds dipped, and then took off like crazy for over a year. They are still going.
 
I was looking at charts of some companies when 9-11 happened. GE crashed and continued down the next year. But. some actually went up. Energy stocks. PTF was coming off a 2 for 1 split and then almost doubled right after 9-11. Even ARLP (a coal company that pays high dividends) went up. Also Chinese stocks went up. If you compare a chart of TDF (chinese closed end fund) with the NASDAQ, it is something. TDF dipped very slightly and then took off and has still been going up almost non stop ever since. NASDAQ dipped a whole lot and then went way down in 02. This is what you do when you can't sleep.

 

 
   
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