My original post:
Rarely am I stuck in neutral, but that's where my intuition leaves me tonight.
No point in speculating, nor in pontificating.
After thinking things over, I'm now leaning towards a rally-
I'm not big on market manipulation conspiracies, but that's exactly why I believe that occasional backstage machinations take place- and reliably succeed. It's not that difficult to imagine that Obama wants a rally on the day of the GM IPO.
'Ben, make it a good day.'
All Ben has to do is (a) instruct his traders to take the indexes down 3-4% going into the IPO, and (b) tweak jobless claims/leading indicators/Philly Fed numbers just enough to fuel a short-covering rally.
Mark- So the refi is back in play?
ReplyDeleteI can see we're starting to loosen up- a good thing. The Wicker Wheelhouse? Never having been inside one, I can only guess.
ReplyDeleteProbably not unlike a Cost Plus?
Which always reminds me of the opening scene in Magnum Force.
2nd- Yep. We should close the first week of Dec. Ted has been great about the whole thing. I've already passed his name along to 3 friends.
ReplyDelete2nd- Pier One is exactly like Cost Plus. As kids we used to make the drive into the City just to go to one. Like another world.
ReplyDeleteMark, so why is your oil guy so bullish on NG now? What is his price target for the front month futures during this winter?
ReplyDeleteGiven the fact that I'm in cash, the ideal scenario tomorrow morning would be a flat premarket, allowing me to go long. Economic numbers released beginning around 530 am then gaps the indexes up 0.5%. Finish the day +1.5%.
ReplyDeleteIn my dreams.
ReplyDeleteRe: The GM Puppet Show newSubmitted by 2nd_ave (4971 comments) on Wed, 11/17/2010 - 21:18 #74425 (in reply to #74424)
ReplyDeleteIf the above scenario sounds unrealistic, how about this one-
'Ben, make it a good day.'
'But..'
'Make it a good day.' Click.
Nearly everything's green tonight! Extreme boredom punctuated by shear terror?
ReplyDeleteCP- Yes, it's enough to give bears deja vu all over again...
ReplyDeleteHey David- First, the storage levels don't dictate a spot price this low. He feels lots of Co. start to shut in rigs. His Co., TLM, will reduce it's rig count by 50%. He still see's a lot more buyouts to take place. Shifting the weak hands to strong ones who won't have to drill at reduced costs. He also expects a positive EPA report and we might see pending legislation in DC come out.
ReplyDeleteFD...4,000 shares of UNG @ 5.69.
Holy cow. My UCO closed up 1.52% AH for the day.
ReplyDeleteThe 3 stocks I wanted to get into today, V/PXP/MELI never, ever came in today.
ReplyDeleteRe: The GM Puppet Show
ReplyDeleteSubmitted by Vadym Graifer (1611 comments) on Wed, 11/17/2010 - 21:28 #74427 (in reply to #74424)
to take the indexes down 3-4%
How?
Re: The GM Puppet Show newSubmitted by 2nd_ave (4972 comments) on Wed, 11/17/2010 - 21:44 #74429 (in reply to #74427)
ReplyDeleteCould they not-
(a) Sell the Euro
(b) Sell gold
(c) Nuance their public statements
(d) Feed the media
I just don't think it's that hard to manipulate crowd behavior.
Re: The GM Puppet Show
ReplyDeleteSubmitted by Telestar3d (430 comments) on Wed, 11/17/2010 - 21:58 #74430 (in reply to #74427)
The puppet master pulls the strings of his Marionnettes in the S&P pit.
Simple really.
reply Contact the author Bookmark this Ignore thread Ignore user
Re: The GM Puppet Show
Submitted by Vadym Graifer (1612 comments) on Wed, 11/17/2010 - 22:13 #74431 (in reply to #74429)
c) and d) is not traders' work. a) and b) is - so to sell in order to suppress the price down 3-4%?
Then what to do after fudging the numbers to provoke a rally, take enormous loss?
Harder than it seems, really.
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Re: The GM Puppet Show
Submitted by 2nd_ave (4974 comments) on Wed, 11/17/2010 - 22:15 #74432 (in reply to #74430)
One trader was able to take the DJIA down -600 in 5 minutes.
edit reply Bookmark this Ignore thread
Re: The GM Puppet Show newSubmitted by 2nd_ave (4974 comments) on Wed, 11/17/2010 - 22:17 #74433 (in reply to #74431)
Taking enormous losses is part of the Fed's mission statement ;)
Re: The GM Puppet Show
ReplyDeleteSubmitted by Vadym Graifer (1614 comments) on Wed, 11/17/2010 - 22:19 #74434 (in reply to #74430)
"The puppet master pulls the strings of his Marionnettes in the S&P pit.
Simple really."
Not simple at all. "Marionettes in the pit" are there to make money, not to lose it to please the master. Ever spoke to market maker, specialist or a pit trader? Making Ben happy is the last thing any of them thinks of.
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Re: The GM Puppet Show
Submitted by Vadym Graifer (1614 comments) on Wed, 11/17/2010 - 22:21 #74435 (in reply to #74432)
"One trader was able to take the DJIA down -600 in 5 minutes."
That's a joke or an argument?
reply Contact the author Bookmark this Ignore thread Ignore user
Re: The GM Puppet Show newSubmitted by 2nd_ave (4975 comments) on Wed, 11/17/2010 - 22:24 #74436 (in reply to #74435)
No joke. At least, not if we take the conclusions of the CFTC/SEC investigation into the Flash Crash at face value.
OK, that's it for me until the morning comes-
ReplyDeletehttp://www.youtube.com/watch?v=p9kKXwsQ7ko
So tomorrow is the big day for me...Massive facial reconstructive surgery. In the unlikely event I'm lucky enough not to pull through it, I would like to bequeath the following...
ReplyDeleteTOF- All of my UNG shares. Sorry.
Port- Mog's phone number.
JB- The responsibility of paying for my kids college. Sorry, your family, man.
Shark- My vintage collection of Asian porn.
VB- My recipe book.
CB- All of the gold/silver that can be mined out of my mouth.
CP- All of my shares of BAC. If anyone can stick it out, it's you.
David- My liver. At the rate your going, you'll need it.
FF- My 2 dogs. Your the only one I'd trust with them.
2nd- All of my cash. Perhaps if it mingles with yours, something will grow out of it.
Mark,
ReplyDeleteIf your serious, Good luck.
Bob
PS. Dibs on the barnyard porn. :)
ReplyDeleteHow could I forget...
ReplyDeleteTo RB- My camera set up for more great photos of Niel.
Just a small bit of cancer to be removed. Only my left lung...Just kidding. A small spot on my face.
Did you guys get the pun? Shear terror, as in fear of receiving a haircut, get it?
ReplyDeleteBAC - I want another shot at $3, heck, I might settle for $6 even if I'm caffeine happy.
ReplyDeleteOh a cookie cutter deal. A quarterly occurrence here in zona. You will be fine.I'm sure shark will be a little let down.
ReplyDeleteBob
Mark - man, my prayers are with you tomorrow my friend. I hope the big man upstairs gets you through unscathed. As for the UNG, well, ummm thanks I guess?
ReplyDelete2nd,
ReplyDeleteI just read the dust up you started on CC. I just love it. Who has the biggest ego on there Bill or VAD. Vad takes a general statement Ben will manipulate the market 3% and argue about the three %, but miss your main thesis that Ben can and will manipulate the market in some direction.Wish I saw this earlier. I would pour some gas.
Who ever you are. I am the one who posted the negative comments. No one else so don't bash 2nd or anyone else on here. I am bobbyo on the other site. Go ahead and post my comments unedited on CC. You have my permission. It would probably make that site exciting for a minute or two.Are you really claiming VAD and Bill are humble? Are you a seventh grade girl playing the she talked behind my back game. Well, I'm like your the one that is two faced and I think you are a slut, We are no longer friends. Don't ever talk to me again!!!!!!
ReplyDelete"Bunch of fucking hypocrites."
ReplyDeleteWe must be doing *something* right on this blog, if you bother to come here and read what we are writing. :) I am sure you are not the only one who comes here from other blogs -- the others are simply more polite so as not to litter in the house they like to visit as guests...
I decided to brace myself for a little more upside in UNG -- this is the only way for me to get my money back. So instead of selling 500 shares of HNUZD at $6.50 and 500 more at $7.00, I decided to sell 250 shares at $6.50, $6.75, $7, $7.25 and $7.50. After that, I'll be selling 250 shares for every $0.5 increment in HNUZD.
ReplyDeleteWhat fun to stir up a hornet's nest!
ReplyDeleteDollar getting smacked hard due to Irish making nice.
Gold is up overnight, so looks like I might get lucky with my 100% DGP and RBY combo.
And what makes you so sure where we post things first matters?
ReplyDeleteThe air is FREE, just breathe...
update from the land of futures: market profile methodology is making a lot more sense, pretty damn costly to switch methods mid-stream but now that I am getting the hang of it I'm glad I did. Haven't repaired all the damage from my early forays but I am making $$$ with about a 70% hit rate (5 cars, out at 2 ticks, 4 ticks and the 1 car runner).
ReplyDeleteHaven't been following stocks but once I get more confident with MP I will be able to automate much of my futures trading which will leave plenty of time to get back at equities.
good luck today guys!
Anon- Happy to oblige.
ReplyDeleteMark- It's a minor procedure, but of course, I understand exactly where you're coming from. Heck, almost all of life's 'events' are magnified in anticipation, then recede quickly when over. Good luck.
ReplyDeleteClosed out most of the DGP in pm this am, took lots of profits on those.
ReplyDeleteI didn't want to have all the apples bet on a bad jobs number, even though I expect a bad jobs number, and so took profits while gold was up $19
ReplyDeleteThought so 2nd. Remember when you used to bitch about bill's censorship and claimed you'd never do that here?
ReplyDeleteFucking hypocrite
Abusive posts are a lot worse than what bill was getting (ie certain unnamed people making sexual oriented posts). You should be deleted because you add nothing and are abusive.
ReplyDeleteYou get what you deserve. Go post like that on bill's board and see if he doesn't remove it, and you with it, too.
Gold resuming bounce. I guess the mkt was actually EXPECTING better numbers. I'm amazed. What fools!
ReplyDeleteWho would be hiring? Layoffs continue because people aren't spending, because they can't spend, because they don't have money, and can't borrow if they are in bad financial shape, and don't WANT to if they aren't, IMO.
dumped the balance of the DSGP for another $10k profits, taking it to $19k for the day
ReplyDeleteDGP
ReplyDeleteChicken - here's to our gap up open! Now I have to decide if I want to keep those SPY calls I bought yesterday or sell them.
ReplyDeleteThis market is living in "Ben's All You Can Eat Free Chocolate LaLa Land"
ReplyDeleteThese kind of dreams can never end well...
Sold my SPY $116 Dec Calls at $4.75 that I bought at $3.9; sold my SPY $117 Dec Calls at $3.98 that I bought at $3.2 yesterday.
ReplyDeleteSold some BYD Calls at $0.95 that I bought yesterday at $0.75.
ReplyDeleteSold my BYD Jan $9 Calls at $.85 that I bought at $.75. Clearing the table and waiting for a bit of a pullback in GM, which should pull down the market a little bit then I'll re-enter those trades.
ReplyDeleteAnd if a slight pullback doesn't occur...oh well. Still holding SPY & International Index Funds (of which Nikkei is 25%), PIR, and BYD stock.
ReplyDeleteBacking a Loser- BAC @ 11.70 newSubmitted by 2nd_ave (4977 comments) on Thu, 11/18/2010 - 09:50 #74475
ReplyDeleteNot 'Rocky' by a long shot, but I think it catches a second wind soon.
CSCO @ '66 newSubmitted by 2nd_ave (4978 comments) on Thu, 11/18/2010 - 09:58 #74478
ReplyDelete19.66, of course. A great year.
Long a couple of GOOG November $570 Calls at $14.17 avg. I think GOOG pins at $600.
ReplyDeleteFF- URRE...That's one wild ride man!!
ReplyDeleteOnly a good natty report could make this day any better :)
ReplyDeletehey markie, hope you are doing well. thanks for including me in your will. I am just getting back into cooking again!
ReplyDeletewhile you are sleeping cadc is up 8% plus. Hope you are holding!
Now, did I miss out on some mud slingin? I have to go run to the BC site to catch up on the drama
mark, i thought you were sleeping! well, glad you are back.
ReplyDeleteI just buy on pullbacks and hang on!
ReplyDeleteBTW, don't worry about the surgery. My Dad (the electrician) has had more bits cut and snipped than you can imagine and so far so good. He just had two more skin cancers removed from his arms....@ 77 yrs. They di some micro0surgery on his ear a few years ago, and he has a regular relationship with his dermatologist.
Just one word: Construction.
No worries, if you get hit by a bus on the way to the Dr. the dogs are in good hands.
Is this like Leona Helmsly where they come with a few million $$$? LOL!
Hang in there.....
FF
I think 2nd is spot on with the euphoric mood coinciding with the GM IPO. It reminds me of they Schwartzman deal in 08.
ReplyDeleteOkay, let's run the market up quick while Mark's off playing kissy-face at the doctors office!
ReplyDeleteTalk about being transparent, how many have the time to read through an entire page of blog and walk away wondering why it requires so many words to convey one simple message?
ReplyDeleteSomebody doesn't understand the concept of an executive summary and apparently their grade school teachers encouraged them to use as many words as possible when expressing themselves.
By the time you manage getting to the end, you're worn out and left even more confused!
What a waste.
This bounce solidifies my belief that we're going through 1998 all over again. There are many similarities between then and now as far as price behavior goes. The backdrop is kind of similiar: credit crisis overseas causes sharp drop in markets followed by a period of volatility followed by a sharp rise in markets.
ReplyDeleteIn 1998 there was a New innovative initiative (the Internet and associated companies) about to come on-line that propelled the markets to new highs. I see no such innovative sector on the horizon now to do the same...
ReplyDeleteTo be more precise, the internet and dot coms were the result of insanely cheap and plentiful liquidity due to the supreme bubble blower. Alan Greenspan. So TOF may be right in that the rates were 1% then as opposed to 0% now, and Ben is looking to blow everyone....wait, I mean blow a bigger bubble than Greenspan ever dreamed of.
ReplyDeleteThe only difference might be if Ben decides to take it in the a...I mean takes it all back via higher yields.
I agree the 98 economy wasn't perceived as this bad by a long shot, but the dot coms were a sign of a massive bubble and capital with nowhere to go.
FF
So you might be curious to know who's been playing with the market? I would too, but I don't think it's Ben or Obama so much as it's someone else.
ReplyDeleteIf we break 1200 here could get another 1% pop.
ReplyDeleteRemember this from Patrick on the 16th...
ReplyDelete"Rallies up to the 20-day exponential moving average (1196) will draw sellers into the market, previous support now resistance."
May be best to move those stops up just in case.
FF
I guess the global economy doesn't look quite as bad as it did a few days ago?
ReplyDeleteWho's blowing these stories out of proportion, anyway?
FF - I'm sure if I were to move my stops up they would do their very best to hit them just prior to moving the market higher. ;)
ReplyDeleteCP, doesn't your broker (who figured out THAT name anyway? How perfect!) have an advanced entry system where you can use conditional orders that aren't visible to level II?
ReplyDeleteScottrade has conditional orders, IE: if this condition happens then this order is executed.
FF
Kyle - Difference between 1998 and now: earnings. Earnings for S&P 500 in 1998 were $45/share. Now: $85/share. Say what you will about profit margins, but you can't deny that they are currently double what they were in 1998.
ReplyDeletetof - We're at two different stages of the cycle. Despite the '97 Asian currency crisis, the 98 Russian crisis & LTCM, that time-frame was a 'leverage on' move. This is a de-leveraging time-frame w/ both consumers and companies unwilling to deploy capital.
ReplyDeleteFF - My broker was until recently mediocre at best, now they've "improved" their service and I can barely even get real time quotes (sometimes it's possible) so there's the answer, I don't recommend BACML.
ReplyDeleteIt's on my long list of changes to implement, fairly near the top.
Great point Kyle, wouldn't it be fair to consider the reasons why both consumers and especially corporations are unwilling to deploy capital?
ReplyDeleteI would say it's largely due to not having visibility on the future tax rate landscape and we should be considering our options partly based upon how that's likely (or unlikely) to materialize?
cp- that's another thing...by 97-98 Clinton & Gingrich (with the 'peace' dividend & govt cuts in place) had already embarked on a fiscal restructuring (note the positive correlation between $USD and $SPX at that time). We are many months away from a similar confidence inducing development...we have a LONG way to go...
ReplyDeleteKyle - Id say that's more than built into current valuations if you compare them to 1998 valuations. I know, I know, I can see David's eyes rolling now on valuation.
ReplyDeleteYea, I finally got my real-time streaming quotes running, been working in this all day!
ReplyDeleteThis is another great conversation going here folks, from both sides. Keep it coming, it's valuable stuff and thanks!
ReplyDeleteI see that UNG is down now despite a smaller than expected storage injection. Kinda strange. I just placed a buy limit order for 1000 shares of HNUZD at $5.85.
ReplyDelete"many months away from a similar confidence inducing development"
ReplyDeleteI tend to believe there's a good deal of validity in this, which is why I'm attempting to accumulate in anticipation of a potential upside event such as you describe.
Damn! UNG is running away from me. 20 min ago I saw UNG at $5.60 and wanted to buy it via HNUZD, but that ADR had a wide bid/ask spread so I tried buying it at the bid, moving up my order a few times, but it didn't help. I guess next time when I see a great buying opportunity I should just buy UNG at the ask...
ReplyDeleteI can't see David's eyes rolling, but I tend to believe the market has yet to price in future corporate cash deployment and that it's only a matter of time as Kyle has pointed out (Perhaps as much as ~30% upside potential from here? Sounds like a lot, doesn't it?).
ReplyDeleteNo doubt we're bound to witness both buying and selling ops along the way?
Gobs of sidelined cash, are these stories even true?
David my friend, are your eyes rolling? ;)
cp - there are parallels to be sure...Bill & Hillary attempt at health-care reform, mid-term election reversal, etc. But neither Clinton (nor Reagan) were trying to reform the economy while paying for 2 wars. There was a feeling in the country at that time 97-98 that we were 'turning the corner' and the tech sector was clearly starting to take off. The 'feel' now is just very different...we're not there yet..
ReplyDeleteMortgage rates on a tear today, highest in decades! (not)
ReplyDeleteYep, we definitely can't claim we're over the hump, I must agree. So close yet so far, meanwhile I have a feeling someone's attempting to milk us via extreme moves.
ReplyDeleteCan it end badly? Yes, I suppose it could. Will it end badly? I doubt it, but qualify that statement by saying it might feel that way at times and those are probably buying opportunities.
The magnitude of the dynamics matrix poses a huge challenge.
ReplyDeleteYHOO - Is this one gonna break out, LOL? I haven't seen it this high for some time, still a long way to $24 where my 10 shares break even.
ReplyDeletecp - Yes, but the control matrix is Sparse!!!! Grid-Lock everywhere. The only instruments are the Feds' blunt ones.
ReplyDeleteASTM - Guess that didn't like the presentation or the lunch...
ReplyDeleteTOF -- great call yesterday about that pullback being all the bears will get.
ReplyDelete2nd_ave -- your intuition last night told you to join the TOF camp -- good call!
As for me... Well, it looks like I won't be able to profit from my November puts and from the SLV & JJS shorts I opened last week. I am not bitching because I am losing money today -- in fact, my account should be up a few percentage point today due to the rally in ECU.TO. But couldn't this rally wait until next week, giving me a chance to profitably close all my shorts and puts?
Once again, it's not like I didn't make use of the pullback we had -- I sold a bunch of puts on CSCO, MON, bought REDF, bought 1750 shares of ECUXF at $0.95 (today, the remaining 250 shares were sold at $1.13, bringing the total profit from that purchase to $250). But still, all these purchases would have done just as well if the rally started next week rather than today...
Look at it this way, it's probably safe to short here soon just on the premise today's gap up is bound to fill.
ReplyDeleteHow could that trade lose, I doubt it can.
David, I don't know mand, I rather doubt any rally has resumed or started based on some of the gaps I see.
ReplyDeleteI really think someone's playing with our heads trying to convince us to make some bad decisions.
Deep thoughts ckick. Instead of iceman may I suggest ChickZEN.
ReplyDelete"David my friend, are your eyes rolling? ;)"
ReplyDeleteYes, but they are currently rolling up and down the intraday UNG chart with the disbelief of how I could miss the spike from $5.60 to $5.75 simply because I didn't want to pay the bid price on HNUZD when it was $5.79 (right now, the bid is already at $6.10).
As for the current rally and market valuations, I remember Hussman saying that valuation is something that matters over a 5+ year time horizon, since on smaller horizons other events trump valuations. Since we are traders here, we shouldn't even mention valuations on this blog.
"David, I don't know mand, I rather doubt any rally has resumed or started based on some of the gaps I see."
ReplyDeleteCP, I think if today's rally is a bull trap, then it will roll over mid-day with a high probability. If, however, the indices close at the highs for the day, then the rally will probably have legs.
I'M ALIVE BABY!!!!!!
ReplyDeleteSorry if I got everyone's hopes up for a big windfall upon my demise. Especially 2nd, who would have got the most cash, and Sarkie who would have gotten the most pleasure out of it :)...
F $'s going into GM to balance funds? I'll look to enter F @ 15.80 ish.
ReplyDeleteGlad to hear you are all right, Mark.
ReplyDeleteNot to rub it in, but I was concerned about the lack of liquidity in HNUZD so I did buy UNG at 5.57. Blind squirrel/acorn.
ReplyDeleteAlso bought PDS/URRE/RBY yesterday. Better lucky than good.
FF
The 5-day intraday chart of WATG suggests to me that the recent pullback is over. So I just bought 500 shares at $8.93 and placed a sell limit order for them at $9.43.
ReplyDeleteWATG- I might add here as well.
ReplyDeleteAlso, I just noticed that earlier today UNG hit a sell limit at $5.80 for the 500 shares I reloaded at $5.50 a few days ago. In order to "rinse and repeat" I have just placed a buy limit order for 500 shares at $5.50.
ReplyDeleteWith the SPY above the 20 now, I suspect it acts as support and we go higher.
ReplyDeleteWTF happened to ASTM?
ReplyDeleteAlso, just to make sure that the "money pump" is working, I just placed a sell limit order at $3.50 for 500 shares of REDF I purchased at $3 a few days ago and then at $4 for the other 500 shares I purchased at $3.
ReplyDeleteTIE @ 17.53.
ReplyDeleteASTM - a lunchtime presentation didn't go to well...
ReplyDeletehttp://www.reuters.com/article/idUSSGE6AH0IK20101118?feedType=RSS&feedName=companyNews&rpc=43
KYLE---Don't you follow ASTM??
ReplyDeleteThanks Kyle. Hmmm. Any thoughts?
ReplyDeleteASTM - I sold out this morning after reading that there might be some disappointment in how their presentation was going to go.
ReplyDeletehttp://www.fool.com/investing/general/2010/11/17/whoa-what-just-happened-to-my-stock.aspx
Vad has referred to these in the past as "low priced pieces of flying crap"...Yea
Moving half the buy-and-hold into OAKBX newSubmitted by 2nd_ave (4979 comments) on Thu, 11/18/2010 - 15:41 #74514
ReplyDeleteObviously, not extremely bullish here. But I like the Zack's quote that Bill appenended to one of his posts yesterday:
'The market having a correction to test Dow 11,000 is not a surprise. What's next is the mystery. Do we give in to the rising fear of EuroZone debt problems, Asian Inflation etc? Or do we stay focused on the still solid fundamentals of our economic indicators and corporate earnings? ... As stated yesterday, I am not so sure of what the next move will be. Yet, if corporate earnings stay on the rise...as they have been the past 18 months...then beyond this curve in the road, stocks will move higher. Meaning the current bull rally would stay in place.'
ASTM - looks like it hit some of small pharma traders over at cc hard...I didn't have very much anyway, but felt that risk mgmt was paramount in this environment.
ReplyDeleteTIE - Is that PE justifiable?
ReplyDeleteRINO - I can't express how happy I am about not being a shareholder there!
ReplyDeleteTIE: THere is buyouts taking place in that industry. This is a potential catalyst for a pop.
ReplyDeleteRunnin' with the devil or the big dog?
ReplyDelete"BEIJING--(Marketwire - 11/18/10) - China Advanced Construction Materials Group, Inc. (NASDAQ:CADC - News) ("China ACM"), a leading provider of ready-mix concrete and related technical services in China, today announced that China State Construction Engineering Corporation ("China Construction" or "CSCEC") (Shanghai SE: 601668) and the Company have signed a strategic alliance letter of intent. With annual revenue of $38 billion, CSCEC is ranked number 187 in the Fortune Global 500 list of companies.
Under the terms of the agreement, China ACM will serve as the preferred provider of its eco-friendly ready-mix concrete and related engineering services to CSCEC's Second Engineering Bureau Division of its Third Construction Engineering Company Ltd. Both companies agree to "cooperate strategically in international and national markets, support each other and share resources so as to increase their competitiveness in the world construction market.""
http://finance.yahoo.com/news/China-ACM-and-China-iw-3803201536.html?x=0&.v=1
TIE - Makes POT look cheap in PE comparison, other numerous metrics aside.
ReplyDeleteWell chickiezen. Tie makes titanium which is real cool. Pot makes shit which can be cool. but not as cool as titanium. If you want to be cool you want TIE.
ReplyDeleteMark's least favorite sentence of the day. "You will feel a slight discomfort."
ReplyDeleteman...i checked and we have booked over 1/3 of last year's revenues in just the last month alone for my furniture company. it's almost getting too busy to hold down this and my day job, which ain't a terrible thing.
ReplyDeleteMark - good to hear you're back and at em!
i made a bonehead decision today...bought those GOOG $580 call options expiring tomorrow at $14.1 and watched them go up to $20, made a decision that i would sell if it got back to $17, then didn't and bailed in panic at $15. i did, however, buy the same number of calls on the $590 strike at $6.8 right before the close thinking that there is a good possibility the stock visits $600 again tomorrow and allows me to sell them at $10. The amount at risk is only a couple of grand so it's kind of just play money.
Ha, slight discomfort! I can relate.
ReplyDeleteHi ho the merry-o, farmer in the DELL!
ReplyDeleteTeam Happy your business is doing well. You sell Wicker office furniture online right?
ReplyDeleteCRM - That's a nice chart...
ReplyDeleteWicker furniture is Paris Hilton! ;)
ReplyDeletePickens scraps windfarm plans, couldn't get permission for transmission lines.
ReplyDeleteI'm not one bit surprised, his grand plan didn't have anything to do with electricity.
Robear - yeah, you might have heard of our company...it's called Pier 2. We're the redheaded wickerchild of Pier 1.
ReplyDeleteHey, isn't #2 the first loser? ;)
ReplyDeleteMark, have you considered running through the new TSA scanners at the airport as a form of post-op preventative therapy?
ReplyDeleteCPZen - I wonder, is that something along the lines of Ron Paul style lunatic fringe?
ReplyDeleteI may qualify, it's possible I suppose, yet I'm willing to investigate more conventional alternatives prior to jumping off that bridge without some form of safety net. ;)
For my last post of the day, I introduce a blunt instrument:
ReplyDeletewww.merrilledge.com
new post
ReplyDeleteCPZEN I like it. No really it seems very mainstream. Well within two std deviations of the norm. Kind of like Harriet. CRM is a good looking chart. I think i will put it on the watch list of 400. Make that 401 now. Alright this is ridiculous. I'm deleting all the watch lists and starting fresh. Really what is the max amount of stocks you can truly follow.
ReplyDelete