Picking up CREE (off the sidewalk) @ 48.78 newSubmitted by 2nd_ave (4799 comments) on Tue, 10/19/2010 - 19:30 #72163 Maybe they can revive this baby for another round or two before the end of the week.
REDF- I'm glad all of you bailed on this one in early October. It may soon be time to look at buying it again- I'll let tof clue us in when the time comes.
Nikkei newSubmitted by 2nd_ave (4801 comments) on Tue, 10/19/2010 - 20:10 #72167 Does it take any talent to be a fund manager in Japan- or is it as simple as telling your brokers to 'take it up/down to where the US closed?'
Re: Picking up CREE (off the sidewalk) @ 48.78 newSubmitted by 2nd_ave (4800 comments) on Tue, 10/19/2010 - 20:05 #72166 (in reply to #72163) From past experience, I know 'investors' in this one are clicking here-
http://tinyurl.com/29twrca
and either (a) finding solace in thinking the stock price can't possibly drop any further (in fact, it may be a great time to add), or (b) coming to the realization that the term analyst (as BH likes to point out) derives from the fact they all have their heads in the same place when doing research.
CP- I wouldn't have wasted any time high-fiving. I would have high-tailed it out of my puts/shorts. Look what happened to shorts in the financial sector. They got stopped out early in the day, then got bold, only to get shaken down hard again. They caught a break going into the close- but I suspect they get stopped out again in the morning.
Let me guess, Pansy HO isn't a part of the US mafia...
"MGM, the biggest casino operator on the Las Vegas Strip, is leaving Atlantic City rather than drop its ties to Pansy Ho and their joint venture in Macau, China, the world’s largest casino market. MGM pledged to sell its Borgata stake in March after the New Jersey Division of Gaming Enforcement found Ho to be an unsuitable partner."
China Just Banned Export Of Rare Earth Metals To The US Gus Lubin | Oct. 19, 2010, 3:33 PM | 4,096 |
"China has just halted the export of some rare earth metals to the US, NYT reports.
“The embargo is expanding” beyond Japan, said one of the three rare earth industry officials, all of whom insisted on anonymity for fear of business retaliation by Chinese authorities. They said Chinese customs officials imposed the broader shipment restrictions Monday morning, hours after a top Chinese official had summoned international news media Sunday night to denounce United States trade actions.
This action -- which China has not admitted -- could represent economic blackmail for numerous economic complaints, including pressure to revalue the yuan and to cut unfair subsidies for Chinese clean tech.
China had already said it would reduce rare earth exports by 72 percent for the second half of the year.
America can respond in kind, or it can petition international authorities like the WTO. Again.
Of course there's one reason not to freak out -- those high tech products that need rare earth metals, like iPhones, are already made in China and exported to the US. This scenario will continue."
from predator to prey? Submitted by Bill Cara (1837 comments) on Tue, 10/19/2010 - 21:00 #72171 AP reports: A federal law enforcement official says the FBI is in the initial stages of trying to determine whether the financial industry may have broken criminal laws in the mortgage foreclosure crisis.
reply Contact the author Bookmark this Ignore thread Ignore user Re: from predator to prey?/ The Neutron Lawsuit newSubmitted by 2nd_ave (4802 comments) on Tue, 10/19/2010 - 21:22 #72172 (in reply to #72171) Now that report makes sense, at least from an economic point of view- jail the shot callers, but leave stock prices standing.
Re: Picking up CREE (off the sidewalk) @ 48.78/ Closed @ 48.60 newSubmitted by 2nd_ave (4803 comments) on Wed, 10/20/2010 - 07:42 #72181 (in reply to #72163) I had expected (given a 21% short float as of 9/30) an immediate bounce. Not seeing one, I'm closing the position for a minor loss and moving on to better setups.
runner off 1170! in hindsight I should have played 3 contracts and scaled out in 1.5-2 intervals. still really trying to learn the /es set-ups. did a seminar last night and it looks like bond/gold/currency futures might be a better fit for me (smaller # of contracts, looking for modest profits), /es tends to reverse back and forth violently inter-day.
CP- You can of course tell me to mind my own business, and I won't mind at all. Here's my take: if I were holding GMO, I would get the hell out right now.
Re: Markets Looking Strong/ Sitting Out This Dance newSubmitted by 2nd_ave (4804 comments) on Wed, 10/20/2010 - 11:42 #72209 (in reply to #72198) jet8400- It does appear that way, although I've elected to watch from the sidelines today.
What's on my mind right now is capital preservation. Not that I've managed more than a 7-8% YTD return, almost all of it since the end of August. But in a year like this, that actually seems like a decent return.
And see, it looks as if you were right... Nothing at all wrong with that. ;)
Let's see how this afternoon goes, I've got a sneaky suspicion the Beige book gets sold by the hard-core fickle fk'rs that no matter what you say or do will still say you're wrong.
I've got a bad feeling about the remainder of this week...
ReplyDeleteCREE- 22.9% short float as of 9/30/10. That may be enough in itself to keep a floor under this.
ReplyDeleteCP- Yeah, so do I- for bears.
ReplyDeleteREDF- I'm glad all of you bailed on this one in early October. It may soon be time to look at buying it again- I'll let tof clue us in when the time comes.
ReplyDeleteNikkei newSubmitted by 2nd_ave (4801 comments) on Tue, 10/19/2010 - 20:10 #72167
ReplyDeleteDoes it take any talent to be a fund manager in Japan- or is it as simple as telling your brokers to 'take it up/down to where the US closed?'
Re: Picking up CREE (off the sidewalk) @ 48.78 newSubmitted by 2nd_ave (4800 comments) on Tue, 10/19/2010 - 20:05 #72166 (in reply to #72163)
ReplyDeleteFrom past experience, I know 'investors' in this one are clicking here-
http://tinyurl.com/29twrca
and either (a) finding solace in thinking the stock price can't possibly drop any further (in fact, it may be a great time to add), or (b) coming to the realization that the term analyst (as BH likes to point out) derives from the fact they all have their heads in the same place when doing research.
Excellent trades, CI, shorting NG and Gold! I wish I were as smart (or brave) as you!
ReplyDeleteWell, the bears are certainly high-fiving today's action.
ReplyDeleteRE: BYD
ReplyDeletehttp://noir.bloomberg.com/apps/news?pid=newsarchive&sid=awxyPU..jUEo
CP- I wouldn't have wasted any time high-fiving. I would have high-tailed it out of my puts/shorts. Look what happened to shorts in the financial sector. They got stopped out early in the day, then got bold, only to get shaken down hard again. They caught a break going into the close- but I suspect they get stopped out again in the morning.
ReplyDeleteLet me guess, Pansy HO isn't a part of the US mafia...
ReplyDelete"MGM, the biggest casino operator on the Las Vegas Strip, is leaving Atlantic City rather than drop its ties to Pansy Ho and their joint venture in Macau, China, the world’s largest casino market. MGM pledged to sell its Borgata stake in March after the New Jersey Division of Gaming Enforcement found Ho to be an unsuitable partner."
BYD - So it seems BYD may have a nice surprise in store for their OCT 25th earnings report?
ReplyDeleteMCP/REE both had a nice day, presumably on heightened tensions between Japan and China?
ReplyDeleteChina Just Banned Export Of Rare Earth Metals To The US
ReplyDeleteGus Lubin | Oct. 19, 2010, 3:33 PM | 4,096 |
"China has just halted the export of some rare earth metals to the US, NYT reports.
“The embargo is expanding” beyond Japan, said one of the three rare earth industry officials, all of whom insisted on anonymity for fear of business retaliation by Chinese authorities. They said Chinese customs officials imposed the broader shipment restrictions Monday morning, hours after a top Chinese official had summoned international news media Sunday night to denounce United States trade actions.
This action -- which China has not admitted -- could represent economic blackmail for numerous economic complaints, including pressure to revalue the yuan and to cut unfair subsidies for Chinese clean tech.
China had already said it would reduce rare earth exports by 72 percent for the second half of the year.
America can respond in kind, or it can petition international authorities like the WTO. Again.
Of course there's one reason not to freak out -- those high tech products that need rare earth metals, like iPhones, are already made in China and exported to the US. This scenario will continue."
http://www.businessinsider.com/chinas-has-just-started-ban-of-rare-earth-metal-exports-to-the-us-2010-10
from predator to prey?
ReplyDeleteSubmitted by Bill Cara (1837 comments) on Tue, 10/19/2010 - 21:00 #72171
AP reports: A federal law enforcement official says the FBI is in the initial stages of trying to determine whether the financial industry may have broken criminal laws in the mortgage foreclosure crisis.
reply Contact the author Bookmark this Ignore thread Ignore user
Re: from predator to prey?/ The Neutron Lawsuit newSubmitted by 2nd_ave (4802 comments) on Tue, 10/19/2010 - 21:22 #72172 (in reply to #72171)
Now that report makes sense, at least from an economic point of view- jail the shot callers, but leave stock prices standing.
David- One of the soccer Dads recommended this place. Check out the sake selections:
ReplyDeletehttp://www.sakaesushi.com/design/sake.html
$USD getting sold. US indexes getting bought.
ReplyDeleteForeclosure Mess - Look at it this way, at least banks can take full advantage of benefits derived from economies of scale.
ReplyDeleteLooks like China's counter move has hit it's mark in Japan and the rest of Asia.
ReplyDeletehttp://www.sakaesushi.com/design/sake.html
ReplyDeleteLooks good, 2nd_ave! Next time we can meet at this place.
Re: Picking up CREE (off the sidewalk) @ 48.78/ Closed @ 48.60 newSubmitted by 2nd_ave (4803 comments) on Wed, 10/20/2010 - 07:42 #72181 (in reply to #72163)
ReplyDeleteI had expected (given a 21% short float as of 9/30) an immediate bounce. Not seeing one, I'm closing the position for a minor loss and moving on to better setups.
placed my first ES mini trade this a.m. long 1165.25
ReplyDeleteMore brave than smart. I put a lot of faith in what everyone posts here. Also a bottle of Tums helps.
ReplyDeleteSHZ - bought a little yday. Will see how it plays out...
ReplyDeleteSHZ - Playing out pretty well so far.
ReplyDeletecontract off 1167.50,,,Yahoo!!! maybe I'll retire
ReplyDeleteGMO off @ 4.23. Got to take the 9%.
ReplyDeleterunner off 1170! in hindsight I should have played 3 contracts and scaled out in 1.5-2 intervals. still really trying to learn the /es set-ups. did a seminar last night and it looks like bond/gold/currency futures might be a better fit for me (smaller # of contracts, looking for modest profits), /es tends to reverse back and forth violently inter-day.
ReplyDeletegood trade Mark!!
ReplyDeleteTaking profits on SSO/QLD and adding to BAC @ 11.22.
ReplyDeleteSame to your bro!!
ReplyDeleteBusy as hell here.
GO BAC BABY!!!!
ReplyDeleteGMO...Hmmm. There's a big buyer out there today through EDGX. ( An ECN.)
ReplyDeleteSHZ- Yikes Kyle...Good job!!!
ReplyDeleteREE- Unreal.
ReplyDelete2nd lot of BAC off @ 11.21. Damn, this baby isn't done going down yet. Will look to re-enter.
ReplyDeleteGMO - Insider buying yesterday 35,000 @ $4.17
ReplyDeletehttp://www.sec.gov/cgi-bin/browse-edgar?company=general+moly&CIK=&type=&owner=include&count=40&action=getcurrent
Back on @ 11.17.
ReplyDeleteCHGS moving too
ReplyDeleteBAC - Congrats for selling the bottom!?!?!
ReplyDeleteuup continues to fall 22.42
ReplyDeleteadded more TRE at 6.90.
ReplyDeletestaying away from BAC, too much uncertainty for me to try to take a position
UUP - China is calling the shots, Japan tries to muscle in.
ReplyDeleteLike playing "Tug o' War" in a male nudist colony...
The bears are as weak as the 49ers...
ReplyDeleteFingers crossed, but I feel damn lucky to have gotten all on my V shares back a buck below my sell price.
I think maybe the bears are on the run today, let's hope they stay away from camp for a few more months...
ReplyDeleteBeige book today, right? What time?
ReplyDeleteCP- Da Bears...I look at it this way. If they can't take this market down with ALL the negative news dumped on the banks, they just can't do it.
ReplyDeleteGL boys....
ReplyDeleteBeige - 11 our time
ReplyDeleteSHZ - Finally some pullback/stall-out here...
ReplyDeleteSHZ - 100%, LOL!
ReplyDeleteHoly crap (SHZ). Great trade!
ReplyDeleteIf I was a bear I would be throwing up right now. Any doubt that yesterday was a shakeout?
tof - SPX right now (the structure at the tp) looks like it did back in Apr. I really do think we're rolling over...
ReplyDeleteGMO-
ReplyDeleteCP- You can of course tell me to mind my own business, and I won't mind at all. Here's my take: if I were holding GMO, I would get the hell out right now.
Re: Markets Looking Strong/ Sitting Out This Dance newSubmitted by 2nd_ave (4804 comments) on Wed, 10/20/2010 - 11:42 #72209 (in reply to #72198)
ReplyDeletejet8400- It does appear that way, although I've elected to watch from the sidelines today.
What's on my mind right now is capital preservation. Not that I've managed more than a 7-8% YTD return, almost all of it since the end of August. But in a year like this, that actually seems like a decent return.
SCO - added to this a few minutes ago...watching the turn...
ReplyDeleteThanks, 2 hours till Beige book. Sell the news?
ReplyDelete2nd - I don't mind your sharing what you'd do, in fact I appreciate your advice. ;)
ReplyDeleteI think you're probably right, I should probably take some gains off the table but than I'd only have to look for another entry!
Once you've cut the tree down, then you cut it up!
new post
ReplyDeleteAnd see, it looks as if you were right... Nothing at all wrong with that. ;)
ReplyDeleteLet's see how this afternoon goes, I've got a sneaky suspicion the Beige book gets sold by the hard-core fickle fk'rs that no matter what you say or do will still say you're wrong.