Trade Ideas for 9/25/08

Commodities continue their pullback for the second day, and to me the charts look constructive. It's an orderly pullback, in contrast to what's happening in the general market. I guess everyone is slowly dying waiting for some kind of sign from Congress. Take for example the SDS. It looks like someone started drawing a new chart in the middle of the old one. The upshot is, commodities look OK, everything else looks terrible.

We bought another commodity stock today, DBA, and sold TVL for a gain of a few percent.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Additional Exit Guideline	Chart
SIGA	4.01	4.00	-0.2%	3.19	Consider selling on a close < 3.69	Chart
SLW	10.21	10.14	-0.7%	8.99	Consider selling on a close < 9.99	Chart
DBA	33.61	33.04	-1.7%	30.99	Consider selling on a close < 31.99	Chart

Again, mostly commodities on my list, so I'll provide one last one. We already own 2 commodity stocks, but they are from slightly different sub-sectors. Same for tomorrow's idea PGH. The setup, like DBA today, is a bottom fish, which has a high failure rate, so do use caution.

Trade Ideas for 09/25/08

Ticker	Entry	Exit A	Exit C	Chart
STSI (Star Scientific)	4.06	3.64	3.39	Chart
PGH (Pengrowth Energy Trust)	17.01	16.19	14.99	Chart

Please refer to "How To Trade The Ideas" (right-hand side) to read this table.