Mission Statement

Information disseminated through the traditional financial news outlets is often subject to a hidden agenda. At best the information is misguided and at worst deliberately misleading. With a combined 60+ years of experience in the financial markets, we intend to help the reader separate fact from fiction and expose the news that actually moves markets.

If you don’t read the newspaper you are uninformed, if you do read the newspaper you are misinformed.
–Mark Twain

RCM Manages the Fortune's Favor Family of Funds:

  • Fortune's Favor I (Long/Short US equity)
  • Fortune's Favor Offshore (offshore clients)
  • Fortune's Favor Precious Metals

Wednesday, June 18, 2008

6/18T2:44

Stocks to Watch: USO, SOL

USO: Had a 7K gain but lost $ on trade. Stayed too long at the party. The 60. min day trade signals are only good for that 60 min. period. I need to book gains when the 15 imn. chart changes vs the 60 min.

SOL: Time to buy back this stock. The group is showing strong momentum eventhough the market is suffering. This stock has been held down because of the secondary. Today it was priced at $20.50. We want to buy today and hold the position as long as it holds the offering price of $20.50.

3:56

SOL Update: I sold the stock for a day trading gain. I don't like the way the market is closing and the 60 min. of SOL is not strong enough to warrent holding it over night with the weakness in the market. Let's look at the stock again tomorrow.

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