Possible support level for Capitaland on the Weekly Chart:
- $3.49 (200 day EMA)
- $3.27 (Tenakn sen)
- $2.93 (Kijun sen)
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Capitaland (Weekly Chart Review as of 23 June 2009)
Jun 24, ’09 11:09 AM
PALM : Jon Rubinstein Appointed CEO of PALM
Jun 11, ’09 10:52 AM
SUNNYVALE, Calif., Jun 10, 2009 (BUSINESS WIRE) — Palm, Inc. (Nasdaq: PALM) today announced that its board of directors has appointed Jon Rubinstein to lead the company as Chairman and CEO upon the departure of Ed Colligan, who is stepping down after sixteen years of leadership at the company. Rubinstein, who joined Palm as Executive Chairman in October 2007 to help bring innovation back to the company, assumes his role as CEO on June 12. Colligan plans to take some time off, then join Elevation Partners.
With Jon Rubinstein appointed as CEO of PALM, I expect that there will be more ‘innovations’ coming out of Palm’s product line.
This is probably a very good setup for more product lines based on WebOS. Financially it will be challenging because of the downturn. At the same time, it is also the best time to take market share from other competitors who may reduce spending on R&D.
It feels like the time when Steve Jobs was heading Apple again. A perfect setup for multi-years growth, perhaps?
Harley-Davidson (HOG) : Short signals on HOG
Jun 10, ’09 1:28 PM
This is a recap of my short position on HOG.
Trade was initiated on Monday (June 
based on last Friday’s chart (June 5)
1. Weekly Chart still shows the kumo is trending down.
2. On daily, price has fall back into the kumo on higher volume.
3. Confirming this includes other indicators
- Force Index changing to Bearish
- Stochastics cross and dip below 80%
- MacD line is showing a cross and is below 0
- MacD histogram has a count of 4green bars and 1 red bar
Attached is the chart as of last Friday.
Next, we can take a chart ending June 9.
We can see that both Monday exhibits more selling with yesterday’s volume surging to almost 15million compared to an average of about 4.5million
The price also touch the bottom of the kumo and reverse. An indication that maybe the facts from the fundamentals side is not showing up yet.
Let’s see how far this ‘short’ will go.
