Monday, November 29, 2010
11/30/10 Twist And Shout
Well, shake it up, baby, now, (shake it up, baby)
Twist and shout. (twist and shout)
Cmon cmon, cmon, cmon, baby, now, (come on baby)
Come on and work it on out. (work it on out)
My take would be highly effective use of the 'broken record' technique by the Market- repeated intraday sell-offs to shake down weak hands and work off negative sentiment.
http://tinyurl.com/cktnup
At 1:11 in the video I actually see one distressed seller weeping over shares sold near the lows.
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I wonder if the distressed seller has a plan to re-enter on tomorrow's repeat performance?
ReplyDeleteSomebody whispered POMO near the end of today's session?
No telling, but will tomorrow's headline claim weakness on economic improvement allowing FED to relax QE2 efforts?
I wouldn't buy that one, based on what I've already heard directly from the horse's mouth.
XIN - Quadruple bottom?
ReplyDeleteNo such thing, man. After the triple bottom, they start referring to the pattern as 'dumb-ass.'
ReplyDeleteOf course, if CSCO starts trending down to the mid-teens, I can add 'dumb-ass' to my handle as well...
ReplyDeleteBut I won't mind. You can say 'what up, mfin dumb-ass 2nd,' and I'll just say 'Yo.'
ReplyDeleteTwist and shout....quote....
ReplyDelete“Wall Street people learn nothing and forget everything.” —Benjamin Graham
FF
ITS NOT DEAD!
ReplyDeleteSubmitted by kaimu (1922 comments) on Mon, 11/29/2010 - 20:55 #75041
ALOHA!!
While many proclaim "buy and hold" is dead ...
Here is a two year "buy and hold" perspective. Three from the CVE and three from the ASX. A 7,400% combined return ...
LINK: http://tinyurl.com/24ttgq9
And two years of AAPL?
LINK: http://tinyurl.com/25vzro8
Re: ITS NOT DEAD! newSubmitted by 2nd_ave (5002 comments) on Mon, 11/29/2010 - 21:23 #75043 (in reply to #75041)
ReplyDeletekaimu- With all due respect, if I zoom out to a 5-year chart it would have been a wild ride.
FF- We should all be thankful for that.
ReplyDeletehttp://tinyurl.com/23ncgj8
ReplyDeleteFor crying out loud.
I could say now we know why his siblings were running the company, but why be cruel..
ReplyDeleteMark- If I had won the 8m, I would have-
ReplyDelete(a) Put 50% of the after-tax money into Treasurys
(b) Rented a space on 2nd Ave, and
(c) Invited all of you to help run the fund.
No joke.
TOF, thank you for pointing out the crazy valuation for CRM. Unfortunately, valuation cannot be used by traders as a timing tool, and so I'll have to rely on my TA luck when shorting this sucker.
ReplyDeleteMark... I like the soccer pics and comments. Your season is certainly longer than ours in midwest and we do not have a blowout tourny. Except for HS football and basketball.
ReplyDeleteCheapy.... Congrats on RBY. I "would" take some profits now also if I had any. But no, I sold out too soon, as you often lament. I was in and out with small profits above 4, always looking for another entry below 4. Maybe gone forever. I did notice the steady rise in pennies the last weak or so but failed to act. Inaction...ARGH!
Natty update? It's so cold across the entire country that TSA agents have begun resorting to sticking their hands down their own pants!
ReplyDeleteSpeaking of nat gas...if any of u have the nytimes app on ur fon id recommend reading an article they have on how coal is being replaced by nat gas....very interesting and makes me wonder how high chk could get...then again I don’t know enough about them
ReplyDeleteCSCO - Crazy low price, IMO.
ReplyDeleteCHK - Their balance sheet sure looks a lot better than I remember from the last time I looked at the finviz data. I have no idea about how they're leveraged though, one might hope they've had enough time to compensate for any surprises the market threw at them in 2008 before they could react.
ReplyDeleteMark could probably suggest some superior picks in that sector though?
General Moly water rights hearing Dec. 6
ReplyDeleteADELLA HARDING Mining Editor elkodaily.com | Posted: Monday, November 29, 2010 3:17 pm
ELKO - The State Engineer's Office today confirmed a hearing on General Moly's applications to use water for the proposed Mt. Hope molybdenum mine in Eureka County will begin Dec. 6 in Carson City, and General Moly will present its case first.
GLD - That kinda looks like an H&S pattern, but I know better than to short gold with the way things seem to be headed...
ReplyDeleteThank you, CP, for posting links to the articles about Ordos.
ReplyDeleteAs for CADC, I realized, after reading a little more about it, that it is not engaged in building houses but is rather engaged in building high-speed rail systems, airports, etc., and these projects are sponsored by the government and are not that dependent on local fluctuations of consumer appetite for personal housing. The Chinese "planned" economy and the huge amounts of cash the government has will ensure that infrastructure spending will keep happening even if there will be a consumer slowdown in China. So I am sold on CADC now. I just placed a buy stop limit order for a small starter position (1000 shares) at $4.05/$4.10.
sold 1/2 of my DGP at 40.84 for $9500 profit
ReplyDeleteI wonder whats happening, lol?
make that some at 40.84, some at 40.82, oh well. add another $3000 to todays profit.
ReplyDeletetook another $1500 profit at $40.80
ReplyDeleteonly 1 account left in DGP...
ReplyDeletenew post
ReplyDelete