Switching CSCO to Cash newSubmitted by 2nd_ave (5273 comments) on Tue, 02/22/2011 - 07:49 #80205
Unloading my recent positions @ 18.70 for a minor loss. No risk tolerance right now.
Re: Switching CSCO to Cash Submitted by Les (4177 comments) on Tue, 02/22/2011 - 08:14 #80206 (in reply to #80205) watching this 2nd. So are some notable traders like the MHFT, Soros, Lampert...
Re: Switching CSCO to Cash newSubmitted by 2nd_ave (5274 comments) on Tue, 02/22/2011 - 09:00 #80215 (in reply to #80206) Les- Thanks for supplying the astrological signs ;)
Based on recent projects, I have been studying the European equity markets lately. So, my relaxing garage time yesterday was interrupted by a slide in Europe.
To coin an oxymoron, it's pretty ugly.
They got whacked and based on the futures, so will we.
So what do you do? For the disciplined, look to implement a damage control plan on the open. It's important to keep your head while everyone else is losing their's. If it gaps open and quickly finds its low, then stick with your positions. If it gaps lower (below your stops) and keeps on going, then you have to bail. See my website for articles on discretion and handing adverse gaps. Or, read chapter 11 of The Layman's Guide To Trading Stocks.
It doesn't look like the end of the world. If the market finds it low fairly quickly, it will set up a bullish Trend Knockout (TKO) in the indices. This is actually a healthy pattern since it shakes out the nervous longs and attracts some eager shorts. These players will be forced back in/to cover (respectively) should the longer-term trend resume.
And, what if it doesn't? Well, we'll honor your stops and start looking for shorts.
For now, one day at a time and this could actually be a good thing.
Out QQQQ 60 puts $2.65 +35% or so. The port is up around 40% since the second week of January, so probably gonna take a breather and enjoy the next few weeks of my trip. Gonna take a gander at natty first....
"TOF, you said that they posted 0.07/share during the previous quarter, and their stock was trading at $0.50. So it means that the market is used to assigning a P/E of 2 to this company. Why do you think the P/E assigned to it will change?"
David - They actually posted $0.09/share in the last quarter and that sparked the move from $0.7 to $2.4 so I would say the market behaved positively to that report. My guess is the stock is currently consolidating those gains, which were huge, and waiting for another report like that one. These big moves don't happen overnight.
Picking up UNG 5.19-5.20. I see potential bottoming patterns in UNG, GAZ, and UNL. Could be good for 10% or so over the next 1-2 weeks. Will place a stop just under 52 week low at 5.16 or so.
Goldman Sachs overweight MCP. This of course may be having a similar positive effect on GMO as happened to TC moly when Obama was visiting Thompson Creek Window Co.
DNN - Uranium. Asia is moving to nuclear power, I think they want to ditch coal, and what kind of a solution is natty in a longer time horizon?
Does the US have enough natty to generate the electricity and transportation for the next 100 years? Does building natty power plants really make economic sense?
Tell me yes in a convincing way, and I'll consider natty.
Off to bed...up WAY past my bedtime. My last observation is that I wouldn't be surprised to see XLE and the related etf's (DIG, DUG, ERY, ERX) etc. substantially lower over the next few sessions even with crude oil surging...
I tend to agree, I also think that will be a buying opportunity for a longer time horizon.
ETF's though? I've come to hate 'em. I also wonder about the equities themselves, will energy producers make the mistake of hedging their reserves while prices are "high"?
While government shutdown looms, Congress is on presidents week paid vacation.
BTW - That used to be George Washington's Birthday, but no more. Some consider this change sacrilegious, poor George doesn't get the respect he deserves.
Looking at the broad market, I see that the traders of VIX futures were right last week, pushing up those futures despite the fact that the equity market was also grinding higher. Pretty interesting, right? Too bad I bailed out of my last entry into VXX with just a small gain...
I do have some put options protecting my downside now (5 FCX puts and 3 IWM puts that I picked up last week), and to have a little more protection I have just purchased 2 IWM April $84 puts for $4.20.
I got stopped out this morning from 200 shares of CCJ at $40.95. Since the best entry into a long position, as I have learned, happens when the stock breaks an obvious support level and then reverses to the upside, I just placed a buy stop limit order for 200 shares of CCJ at $41.35/$41.40, just above the most recent intraday high.
ECUXF did show some reason today and hit my sell limit at $1.16 for 5400 shares. I used such a weird number of shares because using the FIFO rule, the first 3000 shares that were sold were those that I picked up at $0.61 more than a year ago (thus booking a profit of $1650 with a 15% tax base) and the next 2400 shares were those that I purchased at $1.01 in January when my buy limit order was only partially filled (thus such a strange number of shares, which gave me a short-term profit of $360). More importantly, however, today's sale freed up some cash for me and now I can repurchase ECUXF if it drops below $1.10.
What the heck -- just bought 200 shares of CCJ at $40.96 (and canceled my buy stop at $41.35), as its intraday chart suggested to me that it made a successful retest of the opening lows and might start moving higher now. In case I am wrong, I added these shares to my sell stop at $40.50.
Re: Dumped all my tech/ Bull trap newSubmitted by 2nd_ave (5275 comments) on Tue, 02/22/2011 - 11:44 #80230 (in reply to #80228) westcoaster- The morning bounce is playing out like a bull trap. Of course, we won't really know except in retrospect.
I think ALGT is down on concerns about fuel prices. Did not see any news this morning, worst performing stock in my portofolio. Looks like moved into recovery mode in the last hour or two.
outside of SLW and XOM, CALM is the only other stock that is up this morning for me. I guess if the economy goes down the drain and people will eat a lot of eggs -)
My buy limit order for 5000 shares of ECUXF at $1.11 finally got filled, reloading the shares I sold this morning at $1.16. Well, I placed a sell limit order at $1.16 for these shares once again.
Some day I hope to go drinking with you Russian guys, I know it'd be a blast! ;)
I'm just not sure I could keep up, I'd have to have some kind of head start, like an advanced preparory training period or an environmental advantage of some sort.
CCJ did drop below its previous Feb 8 low today and did stop me out of all my 500 shares at $40.50, incurring a loss of about 0.3% of my port. So much for buying breakouts to new highs...
I did see many times, however, that black box algos create the best runs in stocks AFTER a support level obvious to a human eye gets broken and all humans bail out. So in case CCJ reverses soon and does head to new highs, I placed a buy stop limit order for 500 shares at $41.05/$40.10.
On the other hand, the decline in CCJ seems to have flattened out for the day EXACTLY at $40.50, so I have just re-entered the 500 shares at $40.52 and placed a sell stop at $39.95/$39.90. Last time I am moving my stop down, I promise. :)
Re: Dumped all my tech/ Whistler Oct 1-3 newSubmitted by 2nd_ave (5276 comments) on Tue, 02/22/2011 - 14:58 #80244 (in reply to #80233) westcoaster- That sounds good. Not sure if I can swing it, but if so, there may be several of us from the Bay Area- I'll pass along the info.
I wasn't easy getting orders entered today, one was a duplicate entry (first one wasn't confirmed, entered a second and both were eventually confirmed. None of them were triggered anyway, they were buy stop orders.
I found myself falling asleep waiting for the screen to refresh after hitting the "submit order" button.
China National Nuclear Corporation - "In 1996, the Export-Import Bank of the United States --- the official export credit agency of the United States federal government --- made a $120 million low-interest loan to the China National Nuclear Power Corporation (CNNP)."
BEIJING (Reuters) - Chinese scientists have made a breakthrough in spent fuel reprocessing technology that could potentially solve China's uranium supply problem, state television reported on Monday.
The technology, developed and tested at the No.404 Factory of China National Nuclear Corp in the Gobi desert in remote Gansu province, enables the re-use of irradiated fuel and is able to boost the usage rate of uranium materials at nuclear plants by 60 folds.
"With the new technology, China's existing detected uranium resources can be used for 3,000 years," Chinese Central Television reported."
damn...i know everyone is saying that nat gas is doomed for years and years but the stocks in that area like LNG, CHK, HEK are all doing quite well. i won't mentioned UNG
Can plutonium be used in a reactor for electric power plants? The answer is yes, spent fuel rods can be reprocessed for this purpose, and the lifetime of this weapons-grade fuel is considerably longer.
That leads us to: Copper, silver, plutonium and the Manhatten Project:
It says TRE has a 55% interest in 740,000 gross oz of AU, some of which is highly recoverable, other of which is not. Its about 2.7 gr/ton, so grade is similar to GSS. Look for cash costs similar to GSS oxide production, but with similar difficulties due to lack of infrastructure.
I'd pass.
Someone double check my numbers, but mkt cap of 667mm /407,000 oz = $1638 per oz?
"In the Market Update for the public provided three days after publication.
February 18, 2011–TradeTech’s Uranium Spot Price Indicator is down $4.25 to $68.50 per pound U3O8. The entry of a non-traditional seller into the market looking to place over 800 thousand pounds U3O8 triggered the price slide. Sellers reacted to the news by immediately dropping offer prices and buyers quickly retreated from the market upon learning of the entity’s desire to sell. A lack of clarity and speculation about the true motivation for the sale provided momentum to the price decline. A few buyers ventured into the market as offer prices fell, and a total of seven transactions were concluded. Buyers included utilities, traders, and financial entities. As the week came to a close, new demand emerged with a non-US producer entering the market seeking offers for 300 thousand pounds U3O8"
CP, I just saw it on my top gainer screen and almost fainted. I have banned it from my daily watch list because i end up buying it. Lets be realistic. We should be shorting that UPS (useless piece of sheet).
RB - You don't think delivery trucks will fuel CLNE growth, or are you guys just that bearish it's time to turn contrarian? I haven't read the press release, but LNG means liquified, that's quite a trick if they're really gonna do that, they picked a tough (thermally) test market, not the highest elevation though.
See, I can place a buy stop or a sell stop, which both can become a market order if I understand correctly, but I cannot place a buy/sell stop LIMIT order.
GPOR looks strong and Forrest got taken to the wood shed in the domestic oil patch. Strange action in oil. You called the BEXP Mark perfectly. You should be a day trader.
"We all know cities are flush with cash to expand their fleet."
But you know US cities are great at finding ways to spend money they didn't have to earn themselves. GM helped them accomplish the task decades ago by buying up all the light rail lines and filling the tunnels with concrete!
TRE must be a play on the potential for more, better deposits in Tanzania or way high gold prices, or both. I see its 7% shorted, so short squeezes are a possibility, too.
It never has appealed to me, but has doubled in that timeframe. I prefer higher grades overall with possibility of very high grade ore in high potential, mining/politically safe locations. That is from previous lessons learned.
I wouldn't get too excited about gold going lower from here though, the trend is still up and the fundamentals support this trend in a big way.
I just happen to think gold can move significantly lower at some point and I don't understand when the moves are coming by looking at a chart (although I am learning, the 150DMA gives me a clue).
The video made me happy. I am flat except for an Oil play i bought at the open. The market will piss me off or give me a thrill, but it could never make me happy. You know what the market is? A really hot girl friend that sleeps with every Tom , Dick and Harry and throws it right in your face. Thats why I only like to spend a short period of time with her. I don't want her to break my heart again!
Just happened to catch the dude on the radio I mentioned last night. He says Momar the Fubar has 2 days max. He also said if the peeps get their hands on him, it will be fugly.
He didn't phrase it that way, of course. But I wanted to make sure you all could understand it.
It's funny how people can use points in time to support their argument. For example, someone bearish on the markets because they have risen too fast would point to the fact that the market is up 25% in a little less than 6 months and 100% in 2 years. However, a bull that is looking to more gains would point to the fact that the market is up 18% in the past year, which isn't astronomical, and is actually still 17% from its all time highs 3.5 years ago.
The bull would continue: and the market is down 15% from highs in 2000, over 11 years ago, despite earnings growing from about $60/share to $95-$100 this year.
Yes, its 100% owned. Your basic idea is right, but 10 mm oz is speculation. Also need to discount the future cash flows, but the numbers are so obvious, I see no need.
I bought some for my daughter at $4.97
It amazes me how people panic over the unknown, given what is known.
regardless of how feel about hpq, looking from the inside out, I'm a buyer down here at 43 and change, full on push out of pc's into s/w, cloud and enterprise solutions (very similar to the Dell plan) ala IBM, stocks cheap enough to give it a go.
3 day winning streak in 6E land, made my daily goal x3, and shut it down for the day
Re: Switching CSCO to Cash
ReplyDeleteSubmitted by Les (4177 comments) on Tue, 02/22/2011 - 08:14 #80206 (in reply to #80205)
watching this 2nd. So are some notable traders like the MHFT, Soros, Lampert...
Attachment Size
CSCO daily 113.68 KB
Re: Switching CSCO to Cash newSubmitted by 2nd_ave (5274 comments) on Tue, 02/22/2011 - 09:00 #80215 (in reply to #80206)
ReplyDeleteLes- Thanks for supplying the astrological signs ;)
S&P 200DMA is 1160, new target?
ReplyDeleteWere not even below the 20 day yet. When is the last time we have had three consecutive down days. Does anyone know?
ReplyDeleteLandry-
ReplyDeleteRandom Thoughts:
Based on recent projects, I have been studying the European equity markets lately. So, my relaxing garage time yesterday was interrupted by a slide in Europe.
To coin an oxymoron, it's pretty ugly.
They got whacked and based on the futures, so will we.
So what do you do? For the disciplined, look to implement a damage control plan on the open. It's important to keep your head while everyone else is losing their's. If it gaps open and quickly finds its low, then stick with your positions. If it gaps lower (below your stops) and keeps on going, then you have to bail. See my website for articles on discretion and handing adverse gaps. Or, read chapter 11 of The Layman's Guide To Trading Stocks.
It doesn't look like the end of the world. If the market finds it low fairly quickly, it will set up a bullish Trend Knockout (TKO) in the indices. This is actually a healthy pattern since it shakes out the nervous longs and attracts some eager shorts. These players will be forced back in/to cover (respectively) should the longer-term trend resume.
And, what if it doesn't? Well, we'll honor your stops and start looking for shorts.
For now, one day at a time and this could actually be a good thing.
Check back often though!
Washington DC Metro - The only US housing market where prices gained in December.
ReplyDeleteLong KOG. Starter position
ReplyDeleteSLW up +6.5%. I bought some at 29.xx a couple of weeks ago, and sold it at 30.xx...
ReplyDeleteOut QQQQ 60 puts $2.65 +35% or so. The port is up around 40% since the second week of January, so probably gonna take a breather and enjoy the next few weeks of my trip. Gonna take a gander at natty first....
ReplyDelete"TOF, you said that they posted 0.07/share during the previous quarter, and their stock was trading at $0.50. So it means that the market is used to assigning a P/E of 2 to this company. Why do you think the P/E assigned to it will change?"
ReplyDeleteDavid - They actually posted $0.09/share in the last quarter and that sparked the move from $0.7 to $2.4 so I would say the market behaved positively to that report. My guess is the stock is currently consolidating those gains, which were huge, and waiting for another report like that one. These big moves don't happen overnight.
"When is the last time we have had three consecutive down days."
ReplyDeleteIt's about time we did.
RAS @ 3.28.
ReplyDeleteBAC @ 14.30
ReplyDeletejesse- That sounds like a great idea- congrats on that 5-week return.
ReplyDeleteMy port started off a little weak, but now it's green.
ReplyDeleteAnything out there looking oversold?
Picking up UNG 5.19-5.20. I see potential bottoming patterns in UNG, GAZ, and UNL. Could be good for 10% or so over the next 1-2 weeks. Will place a stop just under 52 week low at 5.16 or so.
ReplyDeleteRAS - You stinker! I'm too chicken...
ReplyDeleteJesse - step away from the UNG man. Step away.
ReplyDeleteIs this all the bears got? (I know I jynxed myself).
APA @ 119.52
ReplyDeleteHome prices fell in all but 1 of 20 cities tracked.
ReplyDeleteSeriously...that's some annoying action for bears.
ReplyDeleteAdded a little CHGI at $2.34.
ReplyDeleteHL was cheap at the open.
ReplyDeleteOK, OK- a little more trading for me. Bought SDS 20.93. Me thinks this is the start of something bigger.
ReplyDeleteHL- Scratch that. I meant DNN.
ReplyDeleteGoldman Sachs overweight MCP. This of course may be having a similar positive effect on GMO as happened to TC moly when Obama was visiting Thompson Creek Window Co.
ReplyDeleteCrazy mixed up world!
TOF- I've got a bid in for CHGI @ 2.23. There's enough shares there to stop it.
ReplyDeleteDNN - Uranium. Asia is moving to nuclear power, I think they want to ditch coal, and what kind of a solution is natty in a longer time horizon?
ReplyDeleteDoes the US have enough natty to generate the electricity and transportation for the next 100 years? Does building natty power plants really make economic sense?
Tell me yes in a convincing way, and I'll consider natty.
LIWA - Looks like shorts are capitulating...
ReplyDeleteOff to bed...up WAY past my bedtime. My last observation is that I wouldn't be surprised to see XLE and the related etf's (DIG, DUG, ERY, ERX) etc. substantially lower over the next few sessions even with crude oil surging...
ReplyDeleteJesse - "Energy ETF's"
ReplyDeleteI tend to agree, I also think that will be a buying opportunity for a longer time horizon.
ETF's though? I've come to hate 'em. I also wonder about the equities themselves, will energy producers make the mistake of hedging their reserves while prices are "high"?
GMXR - Anybody?
ReplyDeleteALGT- Any ideas?
ReplyDeleteLater shooters
ReplyDeleteTRP - Still moving up. Not hard to understand why...
ReplyDeleteALGT - Somebody wanted out bad enough to pull the plug?
ReplyDeleteLooks like piggies came to market at the bottom trend line.
I don't see any news, probably a sign of impending upside.
While government shutdown looms, Congress is on presidents week paid vacation.
ReplyDeleteBTW - That used to be George Washington's Birthday, but no more. Some consider this change sacrilegious, poor George doesn't get the respect he deserves.
Looks like the bears may have finally grown a pair.
ReplyDeleteThey're trying, that's for sure. I bet they lose their nerve within days.
ReplyDeleteMark - Here's one for ya: "US to investigate Toyota hybrid SUVs"
ReplyDeleteHas Toyota found themselves in GM's former shoes?
Gimme more hallucination pills, they're wearing off.
ReplyDelete"The port is up around 40% since the second week of January"
ReplyDeleteThat's great, Jesse! Which trades managed to move your port so much?
Looking at the broad market, I see that the traders of VIX futures were right last week, pushing up those futures despite the fact that the equity market was also grinding higher. Pretty interesting, right? Too bad I bailed out of my last entry into VXX with just a small gain...
ReplyDeleteI do have some put options protecting my downside now (5 FCX puts and 3 IWM puts that I picked up last week), and to have a little more protection I have just purchased 2 IWM April $84 puts for $4.20.
ReplyDeleteI got stopped out this morning from 200 shares of CCJ at $40.95. Since the best entry into a long position, as I have learned, happens when the stock breaks an obvious support level and then reverses to the upside, I just placed a buy stop limit order for 200 shares of CCJ at $41.35/$41.40, just above the most recent intraday high.
ReplyDeleteECUXF did show some reason today and hit my sell limit at $1.16 for 5400 shares. I used such a weird number of shares because using the FIFO rule, the first 3000 shares that were sold were those that I picked up at $0.61 more than a year ago (thus booking a profit of $1650 with a 15% tax base) and the next 2400 shares were those that I purchased at $1.01 in January when my buy limit order was only partially filled (thus such a strange number of shares, which gave me a short-term profit of $360). More importantly, however, today's sale freed up some cash for me and now I can repurchase ECUXF if it drops below $1.10.
ReplyDeleteWhat the heck -- just bought 200 shares of CCJ at $40.96 (and canceled my buy stop at $41.35), as its intraday chart suggested to me that it made a successful retest of the opening lows and might start moving higher now. In case I am wrong, I added these shares to my sell stop at $40.50.
ReplyDeleteThe broad equity indices also seem to be having a successful retest of the opening lows and are turning up...
ReplyDeleteECUXF is showing some weakness again. Just placed a buy limit order for 5000 shares at $1.11, to replace the shares I sold this morning at $1.16.
ReplyDeleteBAC-
ReplyDeleteMark- They're kicking the ---- out of him in the back alley. Are you sober enough to help him out?
Re: Dumped all my tech/ Bull trap newSubmitted by 2nd_ave (5275 comments) on Tue, 02/22/2011 - 11:44 #80230 (in reply to #80228)
ReplyDeletewestcoaster- The morning bounce is playing out like a bull trap. Of course, we won't really know except in retrospect.
In utopia, only the rain can melt you.
ReplyDeleteLet's go sailing off Somalia, I hear the people are friendly and the weather fantastic.
ReplyDeleteI think ALGT is down on concerns about fuel prices. Did not see any news this morning, worst performing stock in my portofolio. Looks like moved into recovery mode in the last hour or two.
ReplyDeleteI'd rather study for an eye exam than watch this market.
ReplyDeleteAdding to RAS @ 3.30
ReplyDeleteTexas sweet tea is up considerably more than brent, it appears, glancing at BNO.
ReplyDeleteoutside of SLW and XOM, CALM is the only other stock that is up this morning for me. I guess if the economy goes down the drain and people will eat a lot of eggs -)
ReplyDeleteNo, that's because the grains (JJG) are down big time today...
ReplyDeleteMy buy limit order for 5000 shares of ECUXF at $1.11 finally got filled, reloading the shares I sold this morning at $1.16. Well, I placed a sell limit order at $1.16 for these shares once again.
ReplyDeleteRAS - Mark - Good work at stopping the slide, I was hoping for $3.25
ReplyDeleteSome day I hope to go drinking with you Russian guys, I know it'd be a blast! ;)
ReplyDeleteI'm just not sure I could keep up, I'd have to have some kind of head start, like an advanced preparory training period or an environmental advantage of some sort.
CP- You still might get it. If it falls more into the close I'll buy again.
ReplyDeleteCCJ did drop below its previous Feb 8 low today and did stop me out of all my 500 shares at $40.50, incurring a loss of about 0.3% of my port. So much for buying breakouts to new highs...
ReplyDeleteI did see many times, however, that black box algos create the best runs in stocks AFTER a support level obvious to a human eye gets broken and all humans bail out. So in case CCJ reverses soon and does head to new highs, I placed a buy stop limit order for 500 shares at $41.05/$40.10.
On the other hand, the decline in CCJ seems to have flattened out for the day EXACTLY at $40.50, so I have just re-entered the 500 shares at $40.52 and placed a sell stop at $39.95/$39.90. Last time I am moving my stop down, I promise. :)
ReplyDeleteI have about 50% in cash that I will be looking to deploy in a couple of days. Gonna wait and see if 1,300 holds.
ReplyDeleteAdded another 1k shs CHGI at $2.24.
ReplyDeleteRe: Dumped all my tech/ Whistler Oct 1-3 newSubmitted by 2nd_ave (5276 comments) on Tue, 02/22/2011 - 14:58 #80244 (in reply to #80233)
ReplyDeletewestcoaster- That sounds good. Not sure if I can swing it, but if so, there may be several of us from the Bay Area- I'll pass along the info.
Dip buyers still getting hit.
ReplyDeleteUEC - Finviz points out a clear H&S pattern in that chart.
ReplyDeleteVIX up 30% now. I suspect we get a break below 1,300 on this pullback...possibly to 1,290.
ReplyDeleteYep - Dip buyers getting $hat upon for past sins, just follow the computers and do what they do.
ReplyDeleteAdding to RAS @ 3.30 again.
ReplyDeleteBidding CHGI @ 2.12
ReplyDeleteI'll be moving to 100% invested at around VIX of 22.5
ReplyDeleteOK, let's see if I stepped in it today. 40% long now with the largest % in RAS 40K shares.
ReplyDeleteAdded to BAC @ 14.10 at the close. 3K shares.
APA 300 shares.
No change in TRE position.
CB- TRE had a sample release today. Can you make heads or tails of it? :)
Took a .41% hit to the port today.
ReplyDeleteJB- You understand the TRE filling? I'm betting solely on you man!
ReplyDeleteI wasn't easy getting orders entered today, one was a duplicate entry (first one wasn't confirmed, entered a second and both were eventually confirmed. None of them were triggered anyway, they were buy stop orders.
ReplyDeleteI found myself falling asleep waiting for the screen to refresh after hitting the "submit order" button.
It just took me 30 min to cancel those orders. You guys have no idea how much time you save having access to broadband.
ReplyDeleteMark - I suppose if you were serious about someone reviewing the TRE press release, you would've provided a link.
ReplyDeleteI refuse to waste my time hunting one up.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7426723
ReplyDeleteCP- Here it is. Thanks!
http://www.minyanville.com/businessmarkets/articles/energy-stock-fracking-natural-gas-industry/2/22/2011/id/32942?camp=syndication&medium=portals&from=yahoo
ReplyDeleteChina National Nuclear Corporation - "In 1996, the Export-Import Bank of the United States --- the official export credit agency of the United States federal government --- made a $120 million low-interest loan to the China National Nuclear Power Corporation (CNNP)."
ReplyDeletehttp://en.wikipedia.org/wiki/China_National_Nuclear_Corporation
Uranium, concrete, graphite and steel which ones?
ReplyDelete"China Boasts Breakthrough in Nuclear Technology
January 2, 2011
BEIJING (Reuters) - Chinese scientists have made a breakthrough in spent fuel reprocessing technology that could potentially solve China's uranium supply problem, state television reported on Monday.
The technology, developed and tested at the No.404 Factory of China National Nuclear Corp in the Gobi desert in remote Gansu province, enables the re-use of irradiated fuel and is able to boost the usage rate of uranium materials at nuclear plants by 60 folds.
"With the new technology, China's existing detected uranium resources can be used for 3,000 years," Chinese Central Television reported."
http://abcnews.go.com/Technology/wireStory?id=12525886
damn...i know everyone is saying that nat gas is doomed for years and years but the stocks in that area like LNG, CHK, HEK are all doing quite well. i won't mentioned UNG
ReplyDeleteCan plutonium be used in a reactor for electric power plants? The answer is yes, spent fuel rods can be reprocessed for this purpose, and the lifetime of this weapons-grade fuel is considerably longer.
ReplyDeleteThat leads us to: Copper, silver, plutonium and the Manhatten Project:
http://www.atomicarchive.com/History/mp/p4s4.shtml
TOF - It's quite possible there are energy projects going on in the background only a select few people are aware of.
ReplyDeleteTOF - Add FTK to your natty list, unless maybe we don't need any oil alternative energy sources going forward.
ReplyDeleteOut SDS 21.45 up .53. Although I believe this is just the start of something pretty big, I like to take quick gains when I can get them.
ReplyDeleteIt says TRE has a 55% interest in 740,000 gross oz of AU, some of which is highly recoverable, other of which is not. Its about 2.7 gr/ton, so grade is similar to GSS. Look for cash costs similar to GSS oxide production, but with similar difficulties due to lack of infrastructure.
ReplyDeleteI'd pass.
Someone double check my numbers, but mkt cap of 667mm /407,000 oz = $1638 per oz?
Mark forget african gold plays, Look at great stocks in the clean energy field. CLNE!
ReplyDeleteRB- Yeah, I saw it. The also announced a new contract a few days ago...and sold off :)
ReplyDeleteGuess UPS has a few trucks?
CLNE - Jeeze, just when you think they're down and out!
ReplyDeleteSo when we see something interesting going on, like with CLNE, board rules dictate we don't mention anything, right?
ReplyDeleteHopefully I'm not breaking any rules:
ReplyDeleteUranium
"In the Market
Update for the public provided three days after publication.
February 18, 2011–TradeTech’s Uranium Spot Price Indicator is down $4.25 to $68.50 per pound U3O8. The entry of a non-traditional seller into the market looking to place over 800 thousand pounds U3O8 triggered the price slide. Sellers reacted to the news by immediately dropping offer prices and buyers quickly retreated from the market upon learning of the entity’s desire to sell. A lack of clarity and speculation about the true motivation for the sale provided momentum to the price decline. A few buyers ventured into the market as offer prices fell, and a total of seven transactions were concluded. Buyers included utilities, traders, and financial entities. As the week came to a close, new demand emerged with a non-US producer entering the market seeking offers for 300 thousand pounds U3O8"
More here:
http://www.tradetech.com/
CP, I just saw it on my top gainer screen and almost fainted. I have banned it from my daily watch list because i end up buying it. Lets be realistic. We should be shorting that UPS (useless piece of sheet).
ReplyDeleteSPG actually looked strong after a sell off. Might be + for Ras owners.
ReplyDeleteRBY - Too bad I canceled my buy order @ $5.08 to go screw around with other stuff, I coulda got in today.
ReplyDeleteNow I'm thinking about placing a buy stop for $5.31...
CP- CLNE announced a new contract with UPS today. Haven't had time to read it yet.
ReplyDeleteRB - You don't think delivery trucks will fuel CLNE growth, or are you guys just that bearish it's time to turn contrarian? I haven't read the press release, but LNG means liquified, that's quite a trick if they're really gonna do that, they picked a tough (thermally) test market, not the highest elevation though.
ReplyDeleteCP- The operate a lot of fueling stations already. Biggest one is the port of Long Beach I think.
ReplyDeleteMark - You're forgiven, just don't ever let it happen again! ;)
ReplyDeleteSPY 'bounced' off the 20 today.
ReplyDeleteStop orders
ReplyDeleteSee, I can place a buy stop or a sell stop, which both can become a market order if I understand correctly, but I cannot place a buy/sell stop LIMIT order.
GPOR looks strong and Forrest got taken to the wood shed in the domestic oil patch. Strange action in oil. You called the BEXP Mark perfectly. You should be a day trader.
ReplyDeleteThats Perfectly Mark not the Mark perfectly.
ReplyDeleteCLNE core business is city buses right. We all know cities are flush with cash to expand their fleet.
Cp as you already know you need to do buy stop limit orders only or any gap and fade situation will make you one angry duck.
ReplyDeleteRB - Yes, a buy stop limit order is what I wanted to place, but of course that feature isn't available. Oh no, only buy stop.
ReplyDeleteI think it's pretty obvious BACML is attempting to set their customers up for failure for some reason.
I tell ya, I just don't like the way BAC treats me, therefore I don't like the company and won't buy their stock unless it's priced around $3.
That's how I feel about it.
"We all know cities are flush with cash to expand their fleet."
ReplyDeleteBut you know US cities are great at finding ways to spend money they didn't have to earn themselves. GM helped them accomplish the task decades ago by buying up all the light rail lines and filling the tunnels with concrete!
Oops, there's that 8 letter word again!
CP don't despair this video will make you happy.
ReplyDeletehttp://trololololololololololo.com/
I have not been this happy in awhile.
Why do I get the feeling gold is set to go lower?
ReplyDeleteTOF- I have the same feeling. Seriously thinking of offing TRE.
ReplyDeleteLook at the charts, gold will go down with the market. It always has and until Armageddon day, always will.
ReplyDeleteNatty...My love...I'll return home in the fall.
ReplyDelete"Why do I get the feeling gold is set to go lower?"
ReplyDeleteBecause you read bobbyo all weekend! :)
RB - What are you happy about? I suppose you're short or completely in cash.
ReplyDeleteS&P sitting on the 20DMA now. Assuming more downside, next stop 1300.
TRE must be a play on the potential for more, better deposits in Tanzania or way high gold prices, or both. I see its 7% shorted, so short squeezes are a possibility, too.
ReplyDeleteIt never has appealed to me, but has doubled in that timeframe. I prefer higher grades overall with possibility of very high grade ore in high potential, mining/politically safe locations. That is from previous lessons learned.
Here's the public info on China's nuclear power industry:
ReplyDeletehttp://www.world-nuclear.org/info/inf63.html
I wouldn't get too excited about gold going lower from here though, the trend is still up and the fundamentals support this trend in a big way.
ReplyDeleteI just happen to think gold can move significantly lower at some point and I don't understand when the moves are coming by looking at a chart (although I am learning, the 150DMA gives me a clue).
The video made me happy. I am flat except for an Oil play i bought at the open. The market will piss me off or give me a thrill, but it could never make me happy. You know what the market is? A really hot girl friend that sleeps with every Tom , Dick and Harry and throws it right in your face. Thats why I only like to spend a short period of time with her. I don't want her to break my heart again!
ReplyDeleteRB- Thank you very much. I mean that. It did hold up well today, but it's a click away.
ReplyDeleteI wonder if my wife would be pissed her entire IRA is in a banana spec. mining co.?
ReplyDeleteI'd never do that with my money of course...
RB- So you dated her too...I guess I still thought I was special...:(
ReplyDeleteJust happened to catch the dude on the radio I mentioned last night. He says Momar the Fubar has 2 days max. He also said if the peeps get their hands on him, it will be fugly.
ReplyDeleteHe didn't phrase it that way, of course. But I wanted to make sure you all could understand it.
Man SLW looks like a screaming short. Lost 3 dollars inter day. What was that crazy silver spike up about this weekend? Are the Hunts buying silver?
ReplyDeleteIt's funny how people can use points in time to support their argument. For example, someone bearish on the markets because they have risen too fast would point to the fact that the market is up 25% in a little less than 6 months and 100% in 2 years. However, a bull that is looking to more gains would point to the fact that the market is up 18% in the past year, which isn't astronomical, and is actually still 17% from its all time highs 3.5 years ago.
ReplyDeleteThe bull would continue: and the market is down 15% from highs in 2000, over 11 years ago, despite earnings growing from about $60/share to $95-$100 this year.
ReplyDeleteSLW..yeah, look at the volume. That be one ugly candle.
ReplyDeletePM's - You know they're going higher with the market, I kinda think tomorrow we'll revisit 1300 briefly and then close green or nearly green.
ReplyDeleteThen the rally resumes from there.
All purely a guess and worthless, but we needed an excuse to take profits and Libya provided the perfect cover.
Amazing how Libya blows up just as RSI's are peeking out...
RBY - I did a quick calculation and came out with a share price of $46.
ReplyDeleteAssuming 214.3M shares, $1k profit per ounce and 10M ounces:
($1x10^3 * 10x10^6 oz) / 214.3x10^6 shares = $46.6/share
The above assumes a 100% ownership of the existing deposit, which I don't know the detail of.
ReplyDeleteTaking profits in BAC. Off @ 14.41.
ReplyDeleteRBY - I picked some up on sale this morning @$5.05
ReplyDeleteAdding to RAS @ 3.23
ReplyDeleteBAC just broke S1.
ReplyDeleteBought 1 x WLT Mar $110 Call at $9.5
ReplyDeleteYes, its 100% owned. Your basic idea is right, but 10 mm oz is speculation. Also need to discount the future cash flows, but the numbers are so obvious, I see no need.
ReplyDeleteI bought some for my daughter at $4.97
It amazes me how people panic over the unknown, given what is known.
RB- Can you buy a little RBY for me? :)
ReplyDeleteregardless of how feel about hpq, looking from the inside out, I'm a buyer down here at 43 and change, full on push out of pc's into s/w, cloud and enterprise solutions (very similar to the Dell plan) ala IBM, stocks cheap enough to give it a go.
ReplyDelete3 day winning streak in 6E land, made my daily goal x3, and shut it down for the day
HPQ - Looks like as good a place as any to buy, judging by the chart. Risk seems much lower today than yesterday.
ReplyDeleteJB- Yeah, I'm looking at it too. I'll wait a few days.
ReplyDeleteGood job in forex!
Bought 2 more WLT calls at $9.15.
ReplyDeleteGL players!
ReplyDeleteI'll be amazed if Ghaduffi just walks away, I hear he would just assume kill any citizens standing against him.
ReplyDeleteHe's obviously off his rocker, how could anyone support his cause?
I give him a few days as well, hopefully someone can talk some sense into him.
Market is down 3% now from it's recent highs. I suspect we get down to 1,295-1,300 but who knows.
ReplyDeleteGetting ready to buy...VIX is almost up to my target of 22.50. that's a move of almost 50% from the recent lows, which is unsustainable.
ReplyDeleteOpened 50% stake in SSO at $51.63.
ReplyDelete100% in SSO at 51.5. Now have 90% invested.
ReplyDeleteI think we have hit bottom. Moved the rest of my money into SSO at $51.6. I don't think this spike in the VIX is sustainable.
ReplyDeleteThese oil prices are premature in the scheme of things, SCO anyone?
ReplyDeleteLibyan airforce pilot pulls parachute eject after receiving order to bomb protesters. His record of takeoffs to landings is no longer unity.
ReplyDeleteSold all of my SSO at $51.8 and moved that into WLT at $112.75.
ReplyDeleteWLT is down $18 from Friday. Coal is an oil alternative. I think this will be at $125 within a week.
ReplyDeleteSCO - Took first scoop @ $9.40
ReplyDelete2nd_ave made a New Post already, so let's move over before this section gets too long...
ReplyDeleteOne used military fighter jet for sale, live out your dreams without the pesky problems of joining the military.
ReplyDeleteNeeds work, wrecked once. Poor condition...