BTW CHGI is extremely illiquid. It seems that the buy orders don't get filled very quickly. The sales orders were filling much more quickly when I sold a few a couple of days ago. Maybe that's a sign that there is buying pressure?
WFC- 2 days ago the CFO (I think it was him) made some troublesome comments about...shot, who the hell did they buy a few years ago? Anyway, spooked the price.
Mark - CHGI could go on a run like one of the rare earth stocks. Graphite is considered a rare metal by China and they're profitable. They did $.09 EPS last quarter and they're doubling capacity this year. They could do $.60/share after doubling capacity. Slap a 15 p/e on that and you can get to $9/share.
UPL, i'll be on the call, I sold that @49.92 on the day of the spike. The night before Terrranovo of fast $$$ said buy it. It has been downhill ever since that spike.
Most likely long before days out, but it is not like CHK which has good promotion by people like Ichan and China.
Long EXC WRPT CSCO SLW MOTR
TRE, Mark I have owned that since about 1.10, but did not buy very much. I have the certificates in a file.
I'd be careful with RAS here. Every time I looked at it yesterday some huge asks came in on every up tick. I'm guessing there is 1M shares out there looking to get out.
VNM, man ever since they devalued the dong/dang the Vietnam mkt has tanked. I remember a few weeks ago when someone asked Bernack if he was exporting inflation and he said other countries/central banks have tools to stem this.
Vietnam gave us a nice real world example of that.
May speck long on this before day is over too. I got this one from 2nd when he said he went to a dinner and had a nice conversation with someone from Nam
TRE, btw Mark, Sinclair wrote a book called BOOM, in like 1985 or 1995 in which he predicated all this stuff that is going on in Africa and how China would go there and begin buying up resources.
GMO - I'm looking for a close better than $5.43 as confirmation of the uptrend.
VNM - Yep, Ben's gotten tough on the currency manipulators, I like that. It's been a long time coming, too bad we had to experience a collapse and massive jobs/wealth loss in order to make it happen.
CSCO - A close better than $18.84 would be a good indicator. I don't know what the op-ex target is off hand, but that might be having a temporary positive effect that magically disappears at close?
I hate what Bernack is doing, he is flooding the world with dollars thereby destroying our savings to try to get China to revalue the yuan. Plus, he shifted private bank debt to the treasury aka public debt. Not to mention the fact that he has fukced all the seniors and retirees with this ZIRP pogram.
Makes me want to vomit, private citizens should be appalled and marching in the street.
Oh, and I'm not really convinced Bernanke is actually working against China, there's a little voice in the back of my head that keeps telling me the US and China are in cahoots to bring both currencies lower.
" US silver rises above $32/oz for first time since 1980
US silver futures climbed above $32 an ounce on Friday for the first time since 1980 as economic optimism stoked strong physical demand for the white metal, traders said. U.S. March silver futures were up 46 cents, or 1,5 percent, at $32,03 an... By: Reuters 18th February 2011"
Looks like traders are switching from base metals to silver/gold miners today -- they are ripping higher while FCX, GMO, CCJ are getting sold. Too bad that CCJ made the list of those getting sold hard -- it hit my sell stop this morning at $42.50 for the 200 shares I added at the average price of $42.80 (for a loss of $60) and then at $42 for 300 shares I purchased at the average price of $43.50, for a loss of $450. So much for buying breakouts to new 52-week highs...
Actually, I just looked at the 1-month chart of CCJ and realized that today's pullback, while being unpleasant, still does not violate its uptrend, as it can still be considered as being a higher low relative to Feb 8 (when CCJ hit $41). So I have just reloaded at $42.08 the 300 shares that were sold at $42, and placed a sell stop limit order for them at $40.50/$40.
So now I am back to the situation where I have a *realized* loss of $100 and an *unrealized* loss of $450 that has a potential of turning into a loss of $900 or into a gain. 50-50.
OK, what the hell... Just bought back 200 shares of CCJ at $42 that were sold this morning at the stop of $42.50. Placed a sell stop limit order for these 200 shares at $40.95/$40.90.
David when looking at charts do you have moving averages on them? On CCJ the 50 day EMA has been tested numerous times in January and held. For this particular stock I see that as a key average. I would put my stop below that and even get a buy signal if it actually touched the 50 day EMA held and reversed. Of coarse it is not exact and those black boxes know everyone puts their stops at these levels, so you will often see a spike below the average only to strongly reverse above them. Because of this I give some leeway, but also I try to be prepared to reenter if I believe they are just doing a stop run.
U$D - It kinda looks like an entry is materializing, equities index RSI's are peeking and industrial metals are having trouble (aside from silver going parabolic).
Fracking cost were significantly higher on some projects.
71% hedged in 2011 @5.63 /mcf 96% hedged in 2012 @5.35/mcf
I bought right before call started @45.84 and not for a quick pop. I like their assets. I was able to buy back in at a price that was lower than my previous price. So I have room to play here and only bought back 2/3 of that position.
At some point they may be taken out. Hope this helps.
WPRT, maybe the shorts are covering going into the long weekend.
Nice to see CCJ rebounding back with the broad market while FCX still staying in the dumpster. Since I still have 5 FCX puts I purchased a few days ago, my long CCJ/short FCX combo has actually gained as a result of this market hiccup.
I get a funny feeling that people have been planning for a pullback already. Think about it...the VIX has basically traded sideways since mid December. If the pullback was going to come it would have come already. I think the higher VIX is an indication of people buying protection and not of fear. And that's the reason why we keep going higher. So what if we just trade sideways for a month or two and work off any fears of the market being overbought?
The only difference now is that SLV is not collapsing at all -- it is still up 2% for the day! Moreover, GDXJ is up for the day as well, and there are no ECU-specific news that could justify its stock tanking in the face of its sector being up and SLV being up as well. So I am just looking at it as a one-day sale that I should definitely take advantage of.
RB > Yep...thats what I'm thinking too. I'm now about 90% long all in what I think are great long term story foreign stocks. Long CHGI, QPSA, REDF and of course my hated BAC...
Re: CSCO newSubmitted by 2nd_ave (5272 comments) on Fri, 02/18/2011 - 14:57 #80046 (in reply to #80044) westcoaster- Good call. I'm going to second that by adding another allotment (now up to 40% of allocation) @ 18.91.
Team I thought you were flat like two days ago. When did you pick up these stocks. Well I remember the pencil lead one and late term calls on BAC. I like REDF and am looking to enter. Is this a good time? Also the QPSA looks real nice. Did you just pick this up.
I think it would be wise to dedicate some of the ECUXF I picked up today as a trading position, and so I placed a sell limit order at $1.16 for 5000 shares and at $1.20 for 5000 more shares.
Went flat on my QPSA/REDF trades...lost some coing on those...just waiting for better entry points. The more I research QPSA the more scared I get about the legitimacy of the company.
WPRT, this is Soros largest holding and a fair amount of holders have added to positions. This is also a good China play which is overlooked by some.
Negative is, The House Appropriations Committee wants to cut clean energy funding by $900 million, a sizable piece of President Obama's proposed spending on clean energy in the 2011 fiscal budget.
If today was not short covering, my guess is that someone is accumulating. Today's vol is 2.22 times it 10 day average and 2.93 times its 90 day average. I really like this long term, but will continue to trade its "ZIG ZAG" roll em.
“Traveling is a fool’s paradise…I pack my trunk, embrace my friends, embark on the sea and at last wake up in Naples, and there beside me is the stern fact, the sad self, unrelenting, identical, that I fled from.” - Ralph Waldo Emerson
The main issue I have with everyone expecting this pullback is that earnings underneath the market is really high and we're trading nowhere near the p/e we were at 2000 or 2007. 2007 we were trading at a 17 or 18 p/e i think. earnings are going to be what...20% above the 2007 levels? yet we're trading at only 14 times earnings. Maybe that's the peak though. 14 times earnings because earnings are cyclical and so too are margins. But earnings have been rising quite a bit over the past 20 years. We were doing like 30 EPS in the 90's. Now we're at 100.
In the past 20 years, earnings have grown 7.17% annually.
In the past 20 years, the S&P has generated returns of about 6.65% while dividends have averaged around 2%. So I guess if we were to value ourselves at the same that we were valued at back in 1991 then there is an argument for more upside.
RBY - Next door to GG, one of the lowest cost gold mines in existence.
"Negative" news was the requirement by Canadian authorities to re-work the ore reports, which isn't likely to change anything other than create unfounded concern and allow some good 'ol boys to snap up shares on the cheap.
Gold/silver (g/s) ratio - Currently running below mean, and getting progressively lower as silver keeps on truckin'
One thing you don't hear too much about in the news/gold bug letters is that ancient Chinese currency was based on silver. No, what you hear is that Chinese are buying gold all the while, the g/s ratio trends lower.
What ever happened to those WAVE guys. Third impulse down and all that bull shit. Are we in a Tidal Wave maybe? I think I'm going to CC to pick a fight with someone.
I guess i would get no feedback. The only thing that would dust up any dander on that sight is if i said "GOLD SUCKS" or talk about a newscasters rack like good ole sharky.
Money center banks that's good. Yes I will write a post praising Bernanke while talking bad about gold and probably Texans too. (ALL apologies FF too funny to edit.) I think we can increase post per weekend there with a little debate. I mean 80 posts on a opex Friday and 25 are LES they obviously need a boost.
Mark, you were considering middle eastern power vacuums and such, I was just wondering how things were working out in Pakistan now that the American backed Mushareff is no longer calling the shots. Pakistan, from my point of view was left in shambles, possibly a result of our involvement/meddling?
Anyway, Pakistan might provide some degree of insight as to what might be anticipated?
Is that Labor Day. I think I went once. We played on a field right next to OB. Being a zonie who grew up in OC. (Why do californians always abbreviate everything?) I couldn't stand it so I left the game and went body surfing in street gear. When i arrived back dripping and salty, I was persona non grata with the soccer moms. How could I not watch THE GAME!
RB- That's the one. I'm thinking Kendra and Neil might be there at the same time next year. TOF already said we could crash at his pad. I'll hook up the portable bar to my rig. We can dump the kids off at the field and hit the beach for the day/week.
By the way all my boys are teens and they are always naked. I tell the neighbors it is because their Mom is European. "You know how those people are." I s what I say with a wink.
"RBY - Next door to GG, one of the lowest cost gold mines in existence."
CP -- where do you get the info about the expected mining costs for RBY? They have to go deep down and then sideways under a lake in order to get gold out...
David, THanks for that clarification. I was thinking that GG were morons for having neighbors. We have the richest gold mine in the world, but you want too much for that vacant lot right next door? Just never made sense too me.
One other attribute I neglected to list in RBY's favor was country risk in terms of taxation. I'm kind of concerned about Nevada (US) mining companies b/c our government is essentially broke and looking for revenue sources.
I can't speak for Canada's other risk, I haven't prepared a dissertation on whether or not the permitting process is corrupted.
RB- I'm pretty sure my parents are near you right now in some lame trailer park for a few months. In the pictures it looks like a Safeway parking lot with a few patches of astrofurf. I'll find out where they are, and I'm thinking of a real funny practical joke if your up to it.
"But while we're on the subject, perhaps you've run across some cost estimates for RBY's production?"
CP, all I know is the stuff on RBY's web site. They say that they are planning to release an economic feasibility report in 1Q2011, which should describe their mining costs. So I assume at this point no one knows them for sure. I'll call RBY next week and see if their investor rep will be able to tell me something about their *expected* mining costs.
Maybe cheapy has seen some estimates? I hope he did, as I wouldn't put all my portfolio into a mining company with no measured and indicated resources (only the highly uncertain inferred ones, as in the case of RBY) if I didn't have a good estimate of their expected production costs (including mining and transportation).
Add to that: Currency pegs foster free trade and without Bernanke we wouldn't have racked up so much government debt over the period of the last two decades or actively pursued offshoring jobs and technology in exchange for massive consumer debt. ;)
While we're kickin' it, let's also lay blame with Bernanke for a dysfunctional foreign policy that supports dictatorial regimes and propagates democracy via military war as opposed to public protest.
RBY already had a mine there when they bought the property, but the equip there needed to be upsized and refurbished. My guess $150 to 200 mm cost to build. Ore grades are high, and I would guess similar to GG mine next door. At one point I got a guestimate of sub $300 from someone, but that was 2 yrs ago (the 70 cent panic, people were willing to talk), so say its $400, you still have a heck of a lot of contributory margin above there.
I sold AG today enough to buy a 32-34 ft boat, rent something to live in, and live for a year comfortably including college tuition, etc, assuming no other cash coming in at all. Seemed like a good time to take some profits there, and use them to buy me plenty of time for RBY to come to fruition. Whatever the geos and regulators argue, none of it changes one iota what's under the ground in red lake, and that is what counts, longer term.
Hey Yogi Bear, aka Ro Bear are you Bobbyo over at CC?
You mentioned you were going to going over there and pick a fight, ah, stir the pot. Good job, its hilarious over there, but some have put up some good charts. Witches Brew.
Re: BERNAKE SHOULD BE CONSIDERED A SAINT AND GOLD IS A REAL ... new Submitted by Telestar3d (468 comments) on Sat, 02/19/2011 - 11:29 #80083 (in reply to #80073) What Bernack has to say to the little people.
Yeah, Bernanke held a gun to Congresses head and made them take on more debt than could be managed. He also forced them to offshore all manufacturing jobs.
Chinese stocks - 10K forms are due end of March, respectable auditors are sure to protect their reputations by performing deeper than normal dilligence.
Any 10K extension request filings will surely call into question any firm's financial reports.
David - On RBY, I was wondering if it wouldn't make sense to enter a stop limit bid somewhere around $6 just to ensure catching any wonderful upside surprises?
Anyone 'hear' into Hi-Fi? I am, and am trying to figure out how to get better sound out of an ipod. I really like it, but the sound sucks compared to my CD's. I have a really good AV set up now, not the $100K per speaker type, but pretty damn good.
I also have my wicker rocket rocker set up in the perfect location.
Mark - Alright, which speakers do you have on your home stereo?
IPod - Digital sampling - Generally speaking, in the case of reproducing an analog signal with some degree of accuracy, you need a sample rate of twice the nyquist rate, which would put you north of 40K samples/sec. and a min byte size per channel of at least 16 bits, preferably 24.
yo mark - yeah i bailed on btu on the open...i kept looking at the chart and thinking that the thing is just not decisive enough to make a move one way or the other. i actually think it wants to go down...i ultimately made a few bucks...
i lost some nice change on REDF..about 1,400. lost another 800 on QPSA. but i made up for that with a $4,500 gain on CHGI. i really like the scalability on their operations. they're getting into graphite for nuclear generators...china is really expanding their nuclear program. i hear you about the china small caps issue but i honestly think this is presenting a HUGE buying opportunity. i mean, do you really think every china small cap company is a scam? i don't but investors are painted every single one of them with the same brush. i still think the play is to buy up like 5 or 6 of them after doing enough research to feel comfortable...maybe buy all of them on weakness...a couple will turn out to be big winners...a couple will be frauds, and a couple will tread water. some of these companies are trading at ridiculously low valuations if theyre not frauds.
RB - yeah i went flat but then i saw a buying opp in CHGI and i really like BAC for the long term...holding August calls and probably will buy some 2013 calls as well.
David, I don't think the lake presents a problem. The whole area of Red Lake has lots of lakes and nobody seems concerned about it.
Not that I know anything personally on the subject other than it takes electric power to run the pumps in most deep mines.
My guess/hope is the the bulk sample results drive the shares higher in the next few weeks. I have no idea when those results will be announced, nor do I or anyone else know what the beef with the 43-101 was. My guess is that the 43-101 needs to be revised anyway to expand the area based on drill results since July that are not included in it, and I'd guess we have at least 1 more set of drill results due in soon, as well.
I'm expecting to see that and bulk sample results prior to any economic feasibility study for the mine, because they will want to show what they have before going for more capital to complete building the mine. With the kind of grades they have, that should be almost a nobrainer, IMO.
And yes, if your digital files weren't originally sampled at 44K samples/sec and 24 bits, there'll be a notable quality issue.
So, look at the source to see if someone took a short cut or just screwed up the analog to digital conversion along the way. Find a known good digital sample for comparison purposes, once the sample is compromised (possibly any point where it's processed or re-processed at lower resolution), dynamic information cannot be replaced or recovered.
Okay, I suppose surround sound is okay if you must have it, it just adds a whole new level of complexity (place to scew up) in terms of signal processing and I question if it's really worth while.
Apples(pun intended) and oranges?
Yeah, in the case of surround sound you're definitely gonna notice a couple of dead or distorted(low resolution or synthesized THX separation) speakers.
Assuming you've got all the necessary hardware to handle and process the THX signal properly (iPOD has THX signal capability?), the source file must have the imbeded THX signal as well (THX must have been included).
If not, your system can attempt some synthesized approximation, which just won't compare.
CHGI - Okay guys, I don't want to crap on your CHGI parade, but keep in mind that's a competitive field with some well seasoned competitors, like Norton Ceramics and a host of others (Japan Shin-Etsu?) I can't recall at the moment.
Does CHGI posses confirmed supplier contracts?
Not that they can't make a crapload of money for multiple decades supplying high-temp parts for the 100+ reactors currently on the drawing board and under construction in the Chinese market, and by all rights should and conceivably will. ;)
More speakers - Here's a photo of an earlier speaker that always intrigued me, an graded-index inverted mono-cone design. I always appreciated the Walsh design philosophy, Infinity adopted early on but kinda petered out while Ohm picked up the ball and ran with it:
I cant vouch for this product specifically, but if your definition of an authentic representation for surround sound involves speakers disappearing into the sound stage, here's a reproduced version of that original 360* radiation design:
PS: I am just avoiding the screens till things come back. Eventually it will, I think, but no positive expectations till the clouds are lifted. My guess it that the big funds load up in the meantime at the expense of retail fear. Its sad to watch, so I refuse to look.
"David - On RBY, I was wondering if it wouldn't make sense to enter a stop limit bid somewhere around $6 just to ensure catching any wonderful upside surprises?"
Now you are talking, CP! In fact, I think I will actually place a buy stop limit now for 1000 shares at $5.4/$5.5, since if RBY rallies in the near future and rises above $5.4, it will have made a higher low and a higher high after its recent plunge below $5. Then, once that buy order gets triggered (say at $5.4), we can then place a sell stop at $5.15 (just below the current low), so as to bail if the pattern of higher lows and higher highs breaks.
I don't have my eggs in one basket, maybe 3 or 4 plus cash outside the basket and not laying but as safe as the $ (groan). I hear the beat of Wall Street but it paralyzes me.
Well, if this rally is anything of substance, it seems emerging markets should continue pulling corporate profits along. Emerging market economies should allow their currencies to strengthen, their tightening will help accomplish the feat.
Wonder if Congress can get out of the way and finally allow some profits come home to roost?
I think I'm gonna wait a few days before making any PM decisions, still thinking about catching upside on a RBY runaway train. Not b/c it's a PM, but b/c it could fly.
"US Commerce Secretary Gary Locke, just back from a high-tech trade mission to India with a delegation of 24 U.S. businesses, is fairly confident that the pace of U.S. exports will continue to grow, but it is not going to be easy. “We gotta keep at it,” he says. “Only one percent of U.S. companies export, and of that one percent 58-60 percent export to only one country, typically Canada or Mexico.“"
CHGI - Sheesh, maybe these guys own graphite mines in Mongolia? There aren't very many graphite mines still in operation with decent reserves anymore, that sucker could run a bit...
RB - Yep, there are components used inside the reactors made of graphite, one of the best materials that can handle the conditions of heat, etc. They need something that's inert, and graphite fits the bill.
There are articles floating around that indicate as amny as 120 NUK plants will be necessary to fit the expansion plans, I think it's widely accepted orders have already begun coming in. I read somewhere Westinghouse has received orders, although I would've anticipated Hitachi/Areva/GE.
This is driving uranium prices.
I've also read recently that Japan is preparing to introduce miniature reactors.
I bet if you do some searching on CHGI you can find more on how they fit into the picture, there's a Swiss company, Timcal that just reopened a graphite mine in Mozambique, and there are a few in Canada as well, but from an article I read a few days ago, they indicated many global deposits have been tapped out.
Also, those Lithium batteries? They contain 2x more graphite than lithium!!!
T3d and Mark -- Thanks for asking about me. Just taking a week or so off to get some reading done and work on improving some scans. Also, I felt I took too many trades last year in too many low-quality trading vehicles (particularly in the swing trading arena), so I'm trying to tighten up what I'm doing there. We need more 3 day weekends.
In a report titled Emerging Wireless Consumer Devices published this month by Berg Insight, the firm claims that sales of connected consumer devices will grow 77% in 2011. Berg estimates that 22 million consumer devices with embedded cellular connectivity were sold in 2010, and that number will nearly double in 2011 to 39 million. In 2015, Berg thinks over 270 million connected consumer devices will be sold globally, representing a compound annual growth rate of 65%. The category, as defined by Berg, includes devices with integrated cellular connectivity such as tablets and eReaders, and it excludes cell phones. The firm also notes that connected portable gaming consoles such as Sony’s NGP will be a new and significant entrant into the category later this year.
TGB - A couple of weeks ago I heard a buyout rumor floating around. In their last Q earnings report, they had begun shipping gold ore to China.
ReplyDeleteOr, the rumor may have been about CDE, I can't remember.
ReplyDeleteIn fact, I may have mixed these two up (CDE/TGB), I probably have.
ReplyDeleteCDE - This one has been shipping gold ore to China. The buyout rumor was probably about TGB.
ReplyDeleteCHGI looking great. I managed to pick up another 10k shares this morning at $2.17 to $2.23.
ReplyDeleteBTW CHGI is extremely illiquid. It seems that the buy orders don't get filled very quickly. The sales orders were filling much more quickly when I sold a few a couple of days ago. Maybe that's a sign that there is buying pressure?
ReplyDeleteUPL, gap finally filled, earnings call @11am
ReplyDeleteMDW - Energizer bunny
ReplyDeleteABX - Now over $51
ReplyDeleteUPL - What's the story, looking long?
ReplyDeleteUPL- I've been following this one since you mentioned it. Are you going to listen to the con call?
ReplyDeleteLooks like investors are happy with the offer price for UXG. 6.50
ReplyDeleteWFC still struggling.
ReplyDeleteWFC - Seems like Buffett's portfolio adjustment (I heard he sold some)is having an impact? Or is it something else?
ReplyDeleteAdded to TRE @ 6.98.
ReplyDeleteWFC- 2 days ago the CFO (I think it was him) made some troublesome comments about...shot, who the hell did they buy a few years ago? Anyway, spooked the price.
ReplyDeleteCHGI- Nice TOF!
ReplyDeleteMark - CHGI could go on a run like one of the rare earth stocks. Graphite is considered a rare metal by China and they're profitable. They did $.09 EPS last quarter and they're doubling capacity this year. They could do $.60/share after doubling capacity. Slap a 15 p/e on that and you can get to $9/share.
ReplyDeleteUPL, i'll be on the call, I sold that @49.92 on the day of the spike. The night before Terrranovo of fast $$$ said buy it. It has been downhill ever since that spike.
ReplyDeleteMost likely long before days out, but it is not like CHK which has good promotion by people like Ichan and China.
Long EXC WRPT CSCO SLW MOTR
TRE, Mark I have owned that since about 1.10, but did not buy very much. I have the certificates in a file.
I'd be careful with RAS here. Every time I looked at it yesterday some huge asks came in on every up tick. I'm guessing there is 1M shares out there looking to get out.
ReplyDeleteT3D- Cool, let me know what they say. Do you know their liquids percentage?
ReplyDeleteVNM, man ever since they devalued the dong/dang the Vietnam mkt has tanked. I remember a few weeks ago when someone asked Bernack if he was exporting inflation and he said other countries/central banks have tools to stem this.
ReplyDeleteVietnam gave us a nice real world example of that.
May speck long on this before day is over too. I got this one from 2nd when he said he went to a dinner and had a nice conversation with someone from Nam
GL guys/gals
WFC/C/BAC/JPM.....
ReplyDeleteTRE, btw Mark, Sinclair wrote a book called BOOM, in like 1985 or 1995 in which he predicated all this stuff that is going on in Africa and how China would go there and begin buying up resources.
ReplyDeleteThe guy really is prolific.
Back to work
CSCO- Man, that ones ripping out of the gate.
ReplyDeleteGMO - I'm looking for a close better than $5.43 as confirmation of the uptrend.
ReplyDeleteVNM - Yep, Ben's gotten tough on the currency manipulators, I like that. It's been a long time coming, too bad we had to experience a collapse and massive jobs/wealth loss in order to make it happen.
Oh, and now the world hates us more than ever.
CSCO - A close better than $18.84 would be a good indicator. I don't know what the op-ex target is off hand, but that might be having a temporary positive effect that magically disappears at close?
ReplyDeleteHey, the Oompa is threatening a temper tantrum and government shutdown if he doesn't get his way?
ReplyDeleteI say go for it!
Tough on currency manipulators?
ReplyDeleteI hate what Bernack is doing, he is flooding the world with dollars thereby destroying our savings to try to get China to revalue the yuan. Plus, he shifted private bank debt to the treasury aka public debt. Not to mention the fact that he has fukced all the seniors and retirees with this ZIRP pogram.
Makes me want to vomit, private citizens should be appalled and marching in the street.
BUT THAT IS JUST MY NOT SO FUKCING HUMBLR OP
enough, this is a CC rant
GMO - That op-ex adjustment momentum sure didn't last long, is there a second surge coming into close?
ReplyDeleteT3d - I don't mind hashing this out, we need to do that but I haven't found anyone willing to engage.
ReplyDeleteAre you defending the currency pegs that have persisted over the past two decades?
My believe is they are in opposition to free trade, and they should not exist.
Oh, and I'm not really convinced Bernanke is actually working against China, there's a little voice in the back of my head that keeps telling me the US and China are in cahoots to bring both currencies lower.
ReplyDeleteIf true, that troubles me.
Anyway, I constantly think in terms of root causes when I don my problem-solving thinking cap.
ReplyDeleteGL players!.
ReplyDelete"400,000 pounds of moly is need for each nuclear power plant"
ReplyDeletehttp://molyinvestingnews.com/3427-strong-demand-and-new-markets-benefit-molybdenum.html
Crap...looks like i forgot to cancel my buy order for REDF...so now I'm the proud owner of 5k shares of REDF at $6.98.
ReplyDeleteI also started a position in QPSA at $11.2
" US silver rises above $32/oz for first time since 1980
ReplyDeleteUS silver futures climbed above $32 an ounce on Friday for the first time since 1980 as economic optimism stoked strong physical demand for the white metal, traders said. U.S. March silver futures were up 46 cents, or 1,5 percent, at $32,03 an...
By: Reuters
18th February 2011"
Look at this chart of silver and how it swung from contango to backwardation. Very Powerful
ReplyDeletehttp://tinyurl.com/4uvhdh8
Let CSCO, SLW go, long UPL but not for quick pop. I already missing SLW though
Looks like traders are switching from base metals to silver/gold miners today -- they are ripping higher while FCX, GMO, CCJ are getting sold. Too bad that CCJ made the list of those getting sold hard -- it hit my sell stop this morning at $42.50 for the 200 shares I added at the average price of $42.80 (for a loss of $60) and then at $42 for 300 shares I purchased at the average price of $43.50, for a loss of $450. So much for buying breakouts to new 52-week highs...
ReplyDeleteActually, I just looked at the 1-month chart of CCJ and realized that today's pullback, while being unpleasant, still does not violate its uptrend, as it can still be considered as being a higher low relative to Feb 8 (when CCJ hit $41). So I have just reloaded at $42.08 the 300 shares that were sold at $42, and placed a sell stop limit order for them at $40.50/$40.
ReplyDeleteSo now I am back to the situation where I have a *realized* loss of $100 and an *unrealized* loss of $450 that has a potential of turning into a loss of $900 or into a gain. 50-50.
Why the boner in WPRT.
ReplyDeleteAnyone thinking RBY here?
ReplyDeleteOK, what the hell... Just bought back 200 shares of CCJ at $42 that were sold this morning at the stop of $42.50. Placed a sell stop limit order for these 200 shares at $40.95/$40.90.
ReplyDeleteTZA anyone?
ReplyDeleteDavid when looking at charts do you have moving averages on them? On CCJ the 50 day EMA has been tested numerous times in January and held. For this particular stock I see that as a key average. I would put my stop below that and even get a buy signal if it actually touched the 50 day EMA held and reversed. Of coarse it is not exact and those black boxes know everyone puts their stops at these levels, so you will often see a spike below the average only to strongly reverse above them. Because of this I give some leeway, but also I try to be prepared to reenter if I believe they are just doing a stop run.
ReplyDeleteU$D - It kinda looks like an entry is materializing, equities index RSI's are peeking and industrial metals are having trouble (aside from silver going parabolic).
ReplyDeleteI'm unprepared to add to my longs here...
AAPL/Q's slipping pretty good here.
ReplyDeleteT3D- Con call over?
Lot's of stuff I follow taking a shitter here...
ReplyDeleteX/AA both broke S2.
ReplyDeleteMaybe the SP today will set-up for a drop on Tuesday like TOF's example of Taiwan. Let's see if we can close on SP lows.
ReplyDeleteSorry Mark call still going on.
Okay, is this a fake out just in time for a spectacular close or something?
ReplyDeleteYes, I'm feeling like a dufus on this options expiration day.
Wow, what a reversal in silver/gold miners, in particular my ECU.TO. Crap...
ReplyDeleteJust for you Mark. UPL, basically unremarkable.
ReplyDeleteThey point out that they are a low cost producer.
Fracking cost were significantly higher on some projects.
71% hedged in 2011 @5.63 /mcf
96% hedged in 2012 @5.35/mcf
I bought right before call started @45.84 and not for a quick pop. I like their assets. I was able to buy back in at a price that was lower than my previous price. So I have room to play here and only bought back 2/3 of that position.
At some point they may be taken out. Hope this helps.
WPRT, maybe the shorts are covering going into the long weekend.
Well, that reversal didn't last for long. Just as I was reaching to buy even more ECUXF at $1.14, it has already jumped to $1.17...
ReplyDeleteNice to see CCJ rebounding back with the broad market while FCX still staying in the dumpster. Since I still have 5 FCX puts I purchased a few days ago, my long CCJ/short FCX combo has actually gained as a result of this market hiccup.
ReplyDeleteHEK looks really good technically Mark.
ReplyDeleteOh! They did drop the ask on ECUXF to $1.14, and I just bought 5000 more shares.
ReplyDeleteAdded more QPSA at $11.2
ReplyDeleteTOF- Thanks! Did they talk about the percentage on NGL's? I'll see if I can find the CS report that covered this very well.
ReplyDeleteOpps...Thanks T3D!
ReplyDeleteTraders who bought the dip just now are underwater already.
ReplyDeleteAnd purchased 2600 more shares of ECUXF at $1.13. I had a partial fill of 2400 shares a few weeks ago, and so now I have a round number of shares.
ReplyDeleteAnd 5000 more shares of ECUXF at $1.11. This reminds me my impulsive buying during the Lehman collapse...
ReplyDeleteI get a funny feeling that people have been planning for a pullback already. Think about it...the VIX has basically traded sideways since mid December. If the pullback was going to come it would have come already. I think the higher VIX is an indication of people buying protection and not of fear. And that's the reason why we keep going higher. So what if we just trade sideways for a month or two and work off any fears of the market being overbought?
ReplyDeleteThe only difference now is that SLV is not collapsing at all -- it is still up 2% for the day! Moreover, GDXJ is up for the day as well, and there are no ECU-specific news that could justify its stock tanking in the face of its sector being up and SLV being up as well. So I am just looking at it as a one-day sale that I should definitely take advantage of.
ReplyDeleteMarket might be just people lightening their positions going into a three day weekend. Market is closed on Monday right?
ReplyDeleteRB > Yep...thats what I'm thinking too. I'm now about 90% long all in what I think are great long term story foreign stocks. Long CHGI, QPSA, REDF and of course my hated BAC...
ReplyDeleteJust sold 1000 shares of TWM at $10.95 that I purchased a couple of days ago at $11.21. I think this pullback is yet another fake out.
ReplyDeleteAltho REDF i'm probably going to close because I didn't want to buy it at this price anyway.
ReplyDeleteCrazy trading today.
ReplyDeleteLIWA - Anybody think the breakout can stick? I betcha demand for their products is increasing...
ReplyDeleteRB - Good point, thanks for sharing. Lightening up also helps relax some of my RSI pressure.
ReplyDeleteRe: CSCO newSubmitted by 2nd_ave (5272 comments) on Fri, 02/18/2011 - 14:57 #80046 (in reply to #80044)
ReplyDeletewestcoaster- Good call. I'm going to second that by adding another allotment (now up to 40% of allocation) @ 18.91.
TOF- I'd love to jump in CHGI with you, but it's just too thin and has the China small cap issue hanging over it's head.
ReplyDeleteTeam I thought you were flat like two days ago. When did you pick up these stocks. Well I remember the pencil lead one and late term calls on BAC. I like REDF and am looking to enter. Is this a good time? Also the QPSA looks real nice. Did you just pick this up.
ReplyDeletePullback you say? Dow is at the highs of the day!
ReplyDeleteTOF- You bailed on BTU?
ReplyDeleteRB- 2nd can't possibly think hiding the keys will work?
ReplyDeleteI think it would be wise to dedicate some of the ECUXF I picked up today as a trading position, and so I placed a sell limit order at $1.16 for 5000 shares and at $1.20 for 5000 more shares.
ReplyDeleteStopped out of my REDF at $6.7. Why doesn't my broker cancel my order when I tell them to?
ReplyDeleteSP 5 minute chart has been trading down since 12:30 and has been unable to break trendline off of that top coming in at say 1342.
ReplyDeleteIt has broke above the next trendline off the 2nd high and price is resting just above say 1340.
Very interesting day, most likely POMO to the rescue.
Where's Kyle anyway, did he stop trading?
CB- STOP it! Your ruining my entry into RBY here!!
ReplyDeleteKyle's still here. What up Kyle!?
ReplyDeleteThink he will notice the ice tea to replace the NÃ durra we drink.
ReplyDeleteProbably, but maybe not right away. I could usually hit my Dad's vodka 50% until he'd catch on.
ReplyDeleteok WPRT gone.
ReplyDeleteI do not want to be real long over this weekend, can always buy back on Tuesday.
Since the NÃ durra has animal spirits. We probably have to limit to 33%.
ReplyDeleteWent flat on my QPSA/REDF trades...lost some coing on those...just waiting for better entry points. The more I research QPSA the more scared I get about the legitimacy of the company.
ReplyDeleteOh man...this is a classic exchange on Seeking Alpha:
ReplyDeletehttp://seekingalpha.com/article/250221-4-stocks-for-the-aggressive-investor
The last one is great. If you don't know who Tim Sykes is then you won't get it but its funny.
Quepasa, what's sup
ReplyDeleteBasta Pasta (Anti-pasta?)
ReplyDeleteDow already broke out to new highs today...
ReplyDeleteWPRT back in
ReplyDeleteNo question the trend is strongly up. In 1998 the market ran like this for about 27 months. And the lead to 1987 was, what, 9 months. POMO baby POMO.
ReplyDeleteWPRT, this is Soros largest holding and a fair amount of holders have added to positions. This is also a good China play which is overlooked by some.
ReplyDeleteNegative is, The House Appropriations Committee wants to cut clean energy funding by $900 million, a sizable piece of President Obama's proposed spending on clean energy in the 2011 fiscal budget.
If today was not short covering, my guess is that someone is accumulating. Today's vol is 2.22 times it 10 day average and 2.93 times its 90 day average. I really like this long term, but will continue to trade its "ZIG ZAG" roll em.
HPOL - Here's a real POS stock on it's death bed, but at least I do know for sure they have a contract with HP...
ReplyDeletehpol - its chart resembles my career path
ReplyDeleteSHZ - Lookin' kinda weak... but only slightly more than MCP.
ReplyDeleteJB - Join the club, I hear ya loud and clear on that one!
ReplyDeleteClub motto:
ReplyDelete“Traveling is a fool’s paradise…I pack my trunk, embrace my friends, embark on the sea and at last wake up in Naples, and there beside me is the stern fact, the sad self, unrelenting, identical, that I fled from.”
- Ralph Waldo Emerson
at least it's Friday CP! have a great weekend.
ReplyDeleteThe main issue I have with everyone expecting this pullback is that earnings underneath the market is really high and we're trading nowhere near the p/e we were at 2000 or 2007. 2007 we were trading at a 17 or 18 p/e i think. earnings are going to be what...20% above the 2007 levels? yet we're trading at only 14 times earnings. Maybe that's the peak though. 14 times earnings because earnings are cyclical and so too are margins. But earnings have been rising quite a bit over the past 20 years. We were doing like 30 EPS in the 90's. Now we're at 100.
ReplyDeleteBAL - Glad I wasn't attempting to get a piece of that 52wk high today...
ReplyDeletehowever, hussman puts a lot of weight in a longer range of trailing earnings and says we're way overvalued...
ReplyDeletegoing back 20 years:
1991 earnings: ~$24/share
2011 earnings: ~$96/share
1991 S&P 500 Price: ~370; P/E = 15.4
2011 S&P 500 Price: ~1,340; P/E = 13.96
In the past 20 years, earnings have grown 7.17% annually.
In the past 20 years, the S&P has generated returns of about 6.65% while dividends have averaged around 2%. So I guess if we were to value ourselves at the same that we were valued at back in 1991 then there is an argument for more upside.
Here are the past 20 years of EPS:
1990 22.65
1991 19.30 -14.79%
1992 20.87 8.13%
1993 26.90 28.89%
1994 31.75 18.03%
1995 37.70 18.74%
1996 40.63 7.77%
1997 44.09 8.52%
1998 44.27 0.41%
1999 51.68 16.74%
2000 56.13 8.61%
2001 38.85 -30.79%
2002 46.04 18.51%
2003 54.69 18.79%
2004 67.68 23.75%
2005 76.45 12.96%
2006 87.72 14.74%
2007 82.54 -5.91%
2008 65.39 -20.78%
2009 60.8 -7.02%
BALT - Anyone got enough hootspa to make new efforts at cracking into this computer-algo driven market?
ReplyDeleteAfter today I'm on the hairy edge of saying screw it! Dumping all my cash right into RBY, and turning off the monitor right behind Cheapy.
ReplyDeleteWhat's the allure of RBY again? What's the deal with the negative news that just came out?
ReplyDeleteRBY - Next door to GG, one of the lowest cost gold mines in existence.
ReplyDelete"Negative" news was the requirement by Canadian authorities to re-work the ore reports, which isn't likely to change anything other than create unfounded concern and allow some good 'ol boys to snap up shares on the cheap.
Gold/silver (g/s) ratio - Currently running below mean, and getting progressively lower as silver keeps on truckin'
ReplyDeleteOne thing you don't hear too much about in the news/gold bug letters is that ancient Chinese currency was based on silver. No, what you hear is that Chinese are buying gold all the while, the g/s ratio trends lower.
Hmmmm....
Reason 1,324,938 why we're probably heading higher:
ReplyDeletehttp://www.cnbc.com/id/41655262
What ever happened to those WAVE guys. Third impulse down and all that bull shit. Are we in a Tidal Wave maybe? I think I'm going to CC to pick a fight with someone.
ReplyDeleteI guess i would get no feedback. The only thing that would dust up any dander on that sight is if i said "GOLD SUCKS" or talk about a newscasters rack like good ole sharky.
ReplyDeleteThey're still calling for a crash RB. They just adjust the waves everyday. Don't worry, someday they HAVE to be right.
ReplyDeleteLet me know if things get dicey @ CC. I'll swing the Caddy around back. You'll hear the Boss as I get close.
You could say that your tired of all the whining and people need to understand the money center banks are here for our benefit?
ReplyDeleteIs there a cut-off age where I need to worry about my son's disdain for wearing cloths?....Anytime?
ReplyDeleteI think it depends on whether he is circumsized or not. :)
ReplyDeleteThunderroad?
Thunder road or Rosie...
ReplyDeleteSince he's only 3 and can't type for him self, you better give me the range.
Do any of your area teams go to Surf Cup in SD?
ReplyDeleteMoney center banks that's good. Yes I will write a post praising Bernanke while talking bad about gold and probably Texans too. (ALL apologies FF too funny to edit.) I think we can increase post per weekend there with a little debate. I mean 80 posts on a opex Friday and 25 are LES they obviously need a boost.
ReplyDeleteLooks like there are some Solar Flares on the way. What do we drink with that. Tequila Sunrise? Should be here in 24 hrs.
ReplyDeleteHere's another idea. Let's both start talking about the type of shells we fill!
ReplyDeleteOh, nice to see some humor!
ReplyDeleteMark, you were considering middle eastern power vacuums and such, I was just wondering how things were working out in Pakistan now that the American backed Mushareff is no longer calling the shots. Pakistan, from my point of view was left in shambles, possibly a result of our involvement/meddling?
Anyway, Pakistan might provide some degree of insight as to what might be anticipated?
Is that Labor Day. I think I went once. We played on a field right next to OB. Being a zonie who grew up in OC. (Why do californians always abbreviate everything?) I couldn't stand it so I left the game and went body surfing in street gear. When i arrived back dripping and salty, I was persona non grata with the soccer moms. How could I not watch THE GAME!
ReplyDeleteRB- That's the one. I'm thinking Kendra and Neil might be there at the same time next year. TOF already said we could crash at his pad. I'll hook up the portable bar to my rig. We can dump the kids off at the field and hit the beach for the day/week.
ReplyDeleteI'll also rent a Golden puppy for the trip.
I grew up in Redondo, or maybe I should say, on Redondo.
ReplyDeleteI sure loved that beach...
By the way all my boys are teens and they are always naked. I tell the neighbors it is because their Mom is European. "You know how those people are." I s what I say with a wink.
ReplyDeleteCP- Did you see that the leader of the Muslim Brotherhood lead the prays on Friday in Ciro?...He's the one who is still not so happy with the Jews.
ReplyDeleteAwesome Mark, Dog beach is right by the soccer feild. Im tingly thinking about it.
ReplyDeleteRB- Still!!! Crikes. WTF is that about anyway? Right now Harlan is nekid and playing hockey in the kitchen.
ReplyDeleteMy portfolio closed the week down $1, but I don't think that indicates a trend change.
ReplyDeleteMark - No I didn't see that. Religious fanatics scare me, too many wars have been fought in the name of religion or for religious purposes.
ReplyDelete"RBY - Next door to GG, one of the lowest cost gold mines in existence."
ReplyDeleteCP -- where do you get the info about the expected mining costs for RBY? They have to go deep down and then sideways under a lake in order to get gold out...
I used to run around naked too, or that's what they used to tell me. I don't remember doing that.
ReplyDeleteUnder a lake, huh? I don't suppose it's a dry lake.
ReplyDeleteI was just saying GG's production costs are among the lowest, didn't mean to imply the same for RBY.
But while we're on the subject, perhaps you've run across some cost estimates for RBY's production?
David, THanks for that clarification. I was thinking that GG were morons for having neighbors. We have the richest gold mine in the world, but you want too much for that vacant lot right next door? Just never made sense too me.
ReplyDeleteOne other attribute I neglected to list in RBY's favor was country risk in terms of taxation. I'm kind of concerned about Nevada (US) mining companies b/c our government is essentially broke and looking for revenue sources.
ReplyDeleteI can't speak for Canada's other risk, I haven't prepared a dissertation on whether or not the permitting process is corrupted.
CP, How does a DUDE! from DONDO! end up a duck farmer in the beltway?
ReplyDeleteRB - You might say I've lived a double life. ;) Okay, I'm bi-coastal!
ReplyDeleteMan, I've lived in lots of different places, it all began east coast and so far this is my third round trip.
ReplyDeleteRB- I'm pretty sure my parents are near you right now in some lame trailer park for a few months. In the pictures it looks like a Safeway parking lot with a few patches of astrofurf. I'll find out where they are, and I'm thinking of a real funny practical joke if your up to it.
ReplyDeleteJB- Do you know the name of the place they are at?
ReplyDelete"But while we're on the subject, perhaps you've run across some cost estimates for RBY's production?"
ReplyDeleteCP, all I know is the stuff on RBY's web site. They say that they are planning to release an economic feasibility report in 1Q2011, which should describe their mining costs. So I assume at this point no one knows them for sure. I'll call RBY next week and see if their investor rep will be able to tell me something about their *expected* mining costs.
Maybe cheapy has seen some estimates? I hope he did, as I wouldn't put all my portfolio into a mining company with no measured and indicated resources (only the highly uncertain inferred ones, as in the case of RBY) if I didn't have a good estimate of their expected production costs (including mining and transportation).
Mark I will be about town tomorrow. I'm sure I will be driving past some trailer parks. Oh yea , i live in Tucson the whole town is a trailer park!
ReplyDeleteNot exactly a magnum opus, but much more than that site deserves. I actually drank the cool aid and believe my own hyperbole.
BERNAKE SHOULD BE CONSIDERED A SAINT AND GOLD IS A REAL CRUMMY INVESTMENT.
Add to that: Currency pegs foster free trade and without Bernanke we wouldn't have racked up so much government debt over the period of the last two decades or actively pursued offshoring jobs and technology in exchange for massive consumer debt. ;)
ReplyDeleteWhile we're kickin' it, let's also lay blame with Bernanke for a dysfunctional foreign policy that supports dictatorial regimes and propagates democracy via military war as opposed to public protest.
ReplyDeleterepressive dictatorial regimes
ReplyDeleteDo as we say, not as we do.
ReplyDeleteRBY already had a mine there when they bought the property, but the equip there needed to be upsized and refurbished. My guess $150 to 200 mm cost to build. Ore grades are high, and I would guess similar to GG mine next door. At one point I got a guestimate of sub $300 from someone, but that was 2 yrs ago (the 70 cent panic, people were willing to talk), so say its $400, you still have a heck of a lot of contributory margin above there.
ReplyDeleteI sold AG today enough to buy a 32-34 ft boat, rent something to live in, and live for a year comfortably including college tuition, etc, assuming no other cash coming in at all. Seemed like a good time to take some profits there, and use them to buy me plenty of time for RBY to come to fruition. Whatever the geos and regulators argue, none of it changes one iota what's under the ground in red lake, and that is what counts, longer term.
RB- Instead of DOW you should have used the wicker rocket in your example!
ReplyDeleteHey Yogi Bear, aka Ro Bear are you Bobbyo over at CC?
ReplyDeleteYou mentioned you were going to going over there and pick a fight, ah, stir the pot. Good job, its hilarious over there, but some have put up some good charts. Witches Brew.
Soft Parade
http://www.youtube.com/watch?v=1XlqCFi6o-E
T3D- Yeah, one and the same :) I'm guessing it's not 32 degrees like it is here. Crap!
ReplyDeleteRe: BERNAKE SHOULD BE CONSIDERED A SAINT AND GOLD IS A REAL ... new
ReplyDeleteSubmitted by Telestar3d (468 comments) on Sat, 02/19/2011 - 11:29 #80083 (in reply to #80073)
What Bernack has to say to the little people.
http://www.youtube.com/watch?v=VAv6_ZebiN0
This what I have to say to Bernack.
http://www.youtube.com/watch?v=fPVUa29kHu8&feature...
Yeah, Bernanke held a gun to Congresses head and made them take on more debt than could be managed. He also forced them to offshore all manufacturing jobs.
ReplyDeleteThat's why the dollar is headed to the moon!
Some people just can't see past their own nose.
U$D - Does that look like a little bounce forming there on the chart?
ReplyDeleteNLY - About to retake the 50DMA
ReplyDeleteOINK - Looks compelling on paper.
ReplyDeleteCheapy, does GG have any mines that have to go down and then sideways *under a lake*? Are you sure that won't add extra mining costs?
ReplyDeleteChinese stocks - 10K forms are due end of March, respectable auditors are sure to protect their reputations by performing deeper than normal dilligence.
ReplyDeleteAny 10K extension request filings will surely call into question any firm's financial reports.
YONG - Moving back up?
ReplyDeleteCAST - Back over $7, I bet it keeps moving up.
ReplyDeleteDavid - On RBY, I was wondering if it wouldn't make sense to enter a stop limit bid somewhere around $6 just to ensure catching any wonderful upside surprises?
ReplyDeleteMark lets keep wicker are precious little plaything. I don't want to share.
ReplyDeleteCP do you have an all china watch list or are you a member of the party if you know what I mean.
Anyone 'hear' into Hi-Fi? I am, and am trying to figure out how to get better sound out of an ipod. I really like it, but the sound sucks compared to my CD's. I have a really good AV set up now, not the $100K per speaker type, but pretty damn good.
ReplyDeleteI also have my wicker rocket rocker set up in the perfect location.
It's perfectly appropriate to have a craft brew in the morning right? More like a meal really, than a beverage.
ReplyDeleteRB - Dude, I'm just trying to make a buck even if I have to drag someone along for the ride. ;)
ReplyDeleteSeriously though, I'm not advertising or selling anything, I'm sharing my thoughts and soliciting comment.
A mind is a terrible thing to waste, ideas/concerns have validity, some more than others.
Craft Brew? Absolutely, just beware of anything labeled "Fat Bastard"
ReplyDeleteMark - Alright, which speakers do you have on your home stereo?
ReplyDeleteIPod - Digital sampling - Generally speaking, in the case of reproducing an analog signal with some degree of accuracy, you need a sample rate of twice the nyquist rate, which would put you north of 40K samples/sec. and a min byte size per channel of at least 16 bits, preferably 24.
Any less, and quality issues will appear.
Here are the speakers I'm currently using, I've owned three separate models from this manufacturer and have been thrilled with all of them:
ReplyDeletehttp://www.ohmspeakers.com/store_item_detail.cfm?item_ID=55&cart_ID=21927125158
CP- A few different ones. Atlantic Technologies, B&W, Canton, and Klipsch.
ReplyDeleteI'll check on the amp.
OK, this is the amp...
ReplyDeletehttp://usa.denon.com/us/Product/Pages/Product-Detail.aspx?Catid=3d9614d1-8000-4106-ab91-8192242cab83&SubId=40b5820d-83c2-4e93-9909-60aae60e0bdd&ProductId=e090f9c8-98d5-41b9-8f03-0b2a17016964
It has a 24bit/192khz processor.
CP- I'm guessing the issue it with the way the audio files are compressed?
ReplyDeleteyo mark - yeah i bailed on btu on the open...i kept looking at the chart and thinking that the thing is just not decisive enough to make a move one way or the other. i actually think it wants to go down...i ultimately made a few bucks...
ReplyDeletei lost some nice change on REDF..about 1,400. lost another 800 on QPSA. but i made up for that with a $4,500 gain on CHGI. i really like the scalability on their operations. they're getting into graphite for nuclear generators...china is really expanding their nuclear program. i hear you about the china small caps issue but i honestly think this is presenting a HUGE buying opportunity. i mean, do you really think every china small cap company is a scam? i don't but investors are painted every single one of them with the same brush. i still think the play is to buy up like 5 or 6 of them after doing enough research to feel comfortable...maybe buy all of them on weakness...a couple will turn out to be big winners...a couple will be frauds, and a couple will tread water. some of these companies are trading at ridiculously low valuations if theyre not frauds.
RB - yeah i went flat but then i saw a buying opp in CHGI and i really like BAC for the long term...holding August calls and probably will buy some 2013 calls as well.
I agree with letting BTU go, but that probably means it rockets higher.
ReplyDeleteI'll look further into CHGI. I agree with what you say about the China small caps. I'm sure many are solid co's. and can really move.
FWIW...I talked with X+3B again this morning. He's been liquidating all of his positions and moving to cash. "I see black swan's everywhere."
ReplyDeleteAudio- I should point out the sound for Bluray movies is remarkable.
ReplyDeleteDavid, I don't think the lake presents a problem. The whole area of Red Lake has lots of lakes and nobody seems concerned about it.
ReplyDeleteNot that I know anything personally on the subject other than it takes electric power to run the pumps in most deep mines.
My guess/hope is the the bulk sample results drive the shares higher in the next few weeks. I have no idea when those results will be announced, nor do I or anyone else know what the beef with the 43-101 was. My guess is that the 43-101 needs to be revised anyway to expand the area based on drill results since July that are not included in it, and I'd guess we have at least 1 more set of drill results due in soon, as well.
I'm expecting to see that and bulk sample results prior to any economic feasibility study for the mine, because they will want to show what they have before going for more capital to complete building the mine. With the kind of grades they have, that should be almost a nobrainer, IMO.
Fine, my guess is you're complaint originates with the surround sound. Can't help you if that's the case, I'm a two channel guy. ;)
ReplyDeleteAnd yes, if your digital files weren't originally sampled at 44K samples/sec and 24 bits, there'll be a notable quality issue.
ReplyDeleteSo, look at the source to see if someone took a short cut or just screwed up the analog to digital conversion along the way. Find a known good digital sample for comparison purposes, once the sample is compromised (possibly any point where it's processed or re-processed at lower resolution), dynamic information cannot be replaced or recovered.
Okay, I suppose surround sound is okay if you must have it, it just adds a whole new level of complexity (place to scew up) in terms of signal processing and I question if it's really worth while.
ReplyDeleteApples(pun intended) and oranges?
Yeah, in the case of surround sound you're definitely gonna notice a couple of dead or distorted(low resolution or synthesized THX separation) speakers.
Assuming you've got all the necessary hardware to handle and process the THX signal properly (iPOD has THX signal capability?), the source file must have the imbeded THX signal as well (THX must have been included).
If not, your system can attempt some synthesized approximation, which just won't compare.
Hmmm..Good info, thanks CP.
ReplyDeleteCHGI - Okay guys, I don't want to crap on your CHGI parade, but keep in mind that's a competitive field with some well seasoned competitors, like Norton Ceramics and a host of others (Japan Shin-Etsu?) I can't recall at the moment.
ReplyDeleteDoes CHGI posses confirmed supplier contracts?
Not that they can't make a crapload of money for multiple decades supplying high-temp parts for the 100+ reactors currently on the drawing board and under construction in the Chinese market, and by all rights should and conceivably will. ;)
More speakers - Here's a photo of an earlier speaker that always intrigued me, an graded-index inverted mono-cone design. I always appreciated the Walsh design philosophy, Infinity adopted early on but kinda petered out while Ohm picked up the ball and ran with it:
ReplyDeletehttp://www.canuckaudiomart.com/details/175445-ohm_acoustics_ohm_f__omnidirectional_walsh_drivers/
I cant vouch for this product specifically, but if your definition of an authentic representation for surround sound involves speakers disappearing into the sound stage, here's a reproduced version of that original 360* radiation design:
ReplyDeletehttp://www.hhr-exoticspeakers.com/HHRhome.htm
PS: I am just avoiding the screens till things come back. Eventually it will, I think, but no positive expectations till the clouds are lifted. My guess it that the big funds load up in the meantime at the expense of retail fear. Its sad to watch, so I refuse to look.
ReplyDelete"David - On RBY, I was wondering if it wouldn't make sense to enter a stop limit bid somewhere around $6 just to ensure catching any wonderful upside surprises?"
ReplyDeleteNow you are talking, CP! In fact, I think I will actually place a buy stop limit now for 1000 shares at $5.4/$5.5, since if RBY rallies in the near future and rises above $5.4, it will have made a higher low and a higher high after its recent plunge below $5. Then, once that buy order gets triggered (say at $5.4), we can then place a sell stop at $5.15 (just below the current low), so as to bail if the pattern of higher lows and higher highs breaks.
Man, if I had all of my eggs in one basket (far lighter than RB's) I'd be paralyzed with fear.
ReplyDeleteMark, just turn the music up! If ya' wanna hear the beat, you've gotta turn it up!
ReplyDeleteI don't have my eggs in one basket, maybe 3 or 4 plus cash outside the basket and not laying but as safe as the $ (groan). I hear the beat of Wall Street but it paralyzes me.
ReplyDeleteWell, if this rally is anything of substance, it seems emerging markets should continue pulling corporate profits along. Emerging market economies should allow their currencies to strengthen, their tightening will help accomplish the feat.
ReplyDeleteWonder if Congress can get out of the way and finally allow some profits come home to roost?
I think I'm gonna wait a few days before making any PM decisions, still thinking about catching upside on a RBY runaway train. Not b/c it's a PM, but b/c it could fly.
EPI - Looks like it's retesting the 20DMA before moving on up, let's see if that confirms...
ReplyDeleteINXX - Does that look like an inverse H&S?
ReplyDelete"US Commerce Secretary Gary Locke, just back from a high-tech trade mission to India with a delegation of 24 U.S. businesses, is fairly confident that the pace of U.S. exports will continue to grow, but it is not going to be easy. “We gotta keep at it,” he says. “Only one percent of U.S. companies export, and of that one percent 58-60 percent export to only one country, typically Canada or Mexico.“"
CHGI - Sheesh, maybe these guys own graphite mines in Mongolia? There aren't very many graphite mines still in operation with decent reserves anymore, that sucker could run a bit...
ReplyDeleteCHGI is also listed in Stuttgart as C3C.SG
ReplyDeleteCP,
ReplyDeleteReally why do they need graphite in NUK plants? 100 nuk plants? Do you know the name of the Chinese Uranium Miner.
RB - Yep, there are components used inside the reactors made of graphite, one of the best materials that can handle the conditions of heat, etc. They need something that's inert, and graphite fits the bill.
ReplyDeleteThere are articles floating around that indicate as amny as 120 NUK plants will be necessary to fit the expansion plans, I think it's widely accepted orders have already begun coming in. I read somewhere Westinghouse has received orders, although I would've anticipated Hitachi/Areva/GE.
This is driving uranium prices.
I've also read recently that Japan is preparing to introduce miniature reactors.
I bet if you do some searching on CHGI you can find more on how they fit into the picture, there's a Swiss company, Timcal that just reopened a graphite mine in Mozambique, and there are a few in Canada as well, but from an article I read a few days ago, they indicated many global deposits have been tapped out.
Also, those Lithium batteries? They contain 2x more graphite than lithium!!!
Chinese uranium miner - Good question, I don't know, but ACH owns rare earth deposits, XING owns moly deposits, maybe a search would reveal something.
ReplyDeleteAnyway, I gotta hit the sack now, later!
Graphite in NUC reactor:
ReplyDeletehttp://nuclearstreet.com/nuclear_power_industry_news/b/nuclear_power_news/archive/2009/09/30/idaho-national-laboratory-helps-organize-host-nuclear-graphite-meeting-9306.aspx
T3d and Mark -- Thanks for asking about me. Just taking a week or so off to get some reading done and work on improving some scans. Also, I felt I took too many trades last year in too many low-quality trading vehicles (particularly in the swing trading arena), so I'm trying to tighten up what I'm doing there. We need more 3 day weekends.
ReplyDeleteUCO looks like a buy here.
ReplyDeleteIn a report titled Emerging Wireless Consumer Devices published this month by Berg Insight, the firm claims that sales of connected consumer devices will grow 77% in 2011. Berg estimates that 22 million consumer devices with embedded cellular connectivity were sold in 2010, and that number will nearly double in 2011 to 39 million. In 2015, Berg thinks over 270 million connected consumer devices will be sold globally, representing a compound annual growth rate of 65%. The category, as defined by Berg, includes devices with integrated cellular connectivity such as tablets and eReaders, and it excludes cell phones. The firm also notes that connected portable gaming consoles such as Sony’s NGP will be a new and significant entrant into the category later this year.
ReplyDelete