The Deipnosophist

Where the science of investing becomes an art of living

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Location: Summerlin, Nevada, United States

A private investor for 20+ years, I manage private portfolios and write about investing. You can read my market musings on three different sites: 1) The Deipnosophist, dedicated to teaching the market's processes and mechanics; 2) Investment Poetry, a subscription site dedicated to real time investment recommendations; and 3) Seeking Alpha, a combination of the other two sites with a mix of reprints from this site and all-original content. See you here, there, or the other site!

10 November 2006


I receive emails wondering, "Why this?" or "How that?" -- especially when I offer a lengthy, if partial, list of those opportunities that beguile me now.

So, in the bid to offer connective tissue on the skeleton of that earlier post, I will irregularly offer added comments, as I did earlier this week re the pattern breakout for Heinz/HNZ. I also hope to offer some guidance in advance of those price breakouts, such as Quicksilver/ZQK, which really mystified many writers. ("I just do not see the pattern!")

I admit that, except for the well-trained eye, this pattern is not readily apprehendable to all -- when viewing the charts basis the daily bars. The picture coalesces, however, when looking at the weekly basis; the monthly basis reveals the incipient and building upside pressure.

[click on image to enlarge]

Does the weekly basis chart above reveal, or at least make more clear, the intermediate term base Quicksilver/ZQK has built nigh these past ~20 months? I highlighted several areas of note that might help.

I accumulated initial lots at ~$13 in recent weeks; I will purchase more shares on the breakout, if and when it occurs. When I approach that crossroad, the market will tell me what to do, when to do it, and how much of it to do.
-- David M Gordon / The Deipnosophist


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