Trade
Buy Progressive Insurance PGR
A nice upside earnings surprise and a decent looking chart.
Earnings are what drive stocks for the long term. Short term, stocks sometimes bob and weave after earnings. Institutions that want to initiate or add to a position will usually buy over the course of several weeks or sometimes months.
Gold and silver continue to be strong. I am surprised at the strength in silver. I thought $12 would be the extent of the run. One interpretation of the gold chart projects to $675.
Current holdings 4-11-2006:
ABX Barrick Gold hedged
PDLI PDL Biopharma hedged
PGR Progressive Insurance (just bought today)
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