Friday, March 30, 2007

Edges...............

As many of you know I like to have an edge. Without an edge you are flipping coins, gambling, chasing hype and a myriad of other names for trading without one. Edges are many and varied.
Chats with corporate pilots who talk to corporate CEO's, chats with accountants, employees, golf outings with senior salespeople, the list goes on and on and on. Sure it is nice to buy on the technicals and fundamentals and sell on the technicals. In nasty volatility though, it is that edge of how the business is running that can keep you in the name fundamentally. Of course, you need proper position-sizing and money management skills to ride out the rough patches.

One name that came to my attention today is a local name. Scientific Games. SGMS.

I like the look of today's trading action in SGMS. Volume wasn't through the roof for the last trading day of the quarter but buyers were in the hunt and selling dried up early in the day. Maybe you enjoy a relationship with somebody at the company. It might be worth a call to see how their business is going. The chart tells me they are hitting on a lot of cylinders.

I think it is worth a look. I don't own a single share.

Yet.

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CHIPPEWA PARTNERS, Native American Advisors, Inc. is a Registered Investment Advisor, founded by Dean Thomas Parisian in 1995. The firm is a manager to an exclusive clientele and is closed to new clients. As a Registered Investment Advisor, our expertise developed over 35 years balances experience, integrity and tremendous work ethic. Dean Parisian is a member at the White Earth Reservation of the Minnesota Chippewa Tribe, a former NYSE and FINRA arbitrator and trader who began his career with Kidder Peabody and later worked for Drexel Burnham Lambert in LaJolla, CA. His philanthropic interest is in Native American education and he's endowed a significant scholarship for Native Americans at the University of Minnesota. His greatest accomplishment includes raising two sons and 26 years of marriage. The Parisian family enjoys outdoor pursuits at Pamelot, their farm in Tennessee and at the Ghost Ranch, their ranch on the Yellowstone River in Montana. For media requests contact the firm via email: ChippewaPartners (at) gmail dot com, on Twitter: @DeanParisian. Global 404-202-8173