Re: Moving Cash> BAC/CSCO @ 14.02/18.62>Add INTC @ 21.65 newSubmitted by 2nd_ave (5291 comments) on Thu, 03/03/2011 - 09:02 #80770 (in reply to #80761) Not a problem, Earl. Everything's a trade, and there are infinite ways to make money.
2nd - I think the 1999 scenario holds true yet again. I think we trade sideways for about 2 months. We're one month into it. I suspect we get another test of the 1,350 level here and then a pullback to 1,300 and then another test...I think we're range bound between 1,300 and 1,350 until around mid April, which coincidentally is when earnings start.
ALU - BTW, I've got nothing to say about this company but good, I've worked with the Oudinaarde device boys in the past, they were eager for success, hard working, and had the best equipment to work with.
That may have little to do though with this cube device, which from what I've read goes a long way towards cleaning up a transmitting tower and I would imagine, expanding it's capability.
ALU has simply accomplished what the industry already should've, first to market very well could put some cash in their pockets.
Guys - I think oil comes off $10 soon. The biggest big cap beneficiary in my mind is Ford. F has a downtrend line from mid January that is around $15 right now. If you are patient and want to wait for confirmation, go long above that downtrend line. Otherwise, if you're impatient like me then go long right here. I think it trades up to $17 soon. I'm long in the money call options from yesterday. Just bought some more. $13/14 calls expiring in April.
Oil/Iran - I thought I heard last night about new protests in Iran? Probably nothing new and to be anticipated, and I'm actually kinda surprised there's public unrest there.
I knew an Iranian guy once who expressed discontent with the establishment, but it always seems like the public supports Ahmadinejad when foreign entities try to stir trouble.
Seriously, though, CP...I think DANG is an excellent long term investment. Leading internet retailer in China at only a $2.0 Billion market cap. BIDU is 1/4 of GOOG...1/4 of AMZN is what??? $15 Billion. I know it's simple math but that's a 7-8 bagger.
"Gold has become the world’s second most reservable currency. It’s gaining relative to the euro and yen. It’s quite strong and will likely continue to be for some time to come."
"BlackRock Chief Equity Strategist for Fundamental Equities Bob Doll believes that issues in the Middle East and North Africa are unlikely to halt the global economic recovery or the bull market in equities."
CP > Yeah I saw that SINA invested in MCOX...I almost bought some yesterday but I think DANG is a much better play longer term. Those market leaders in the internet space can run way way way longer than people think and the 2nd tier companies tend to fizzle out longer term. Doesn't mean you can't trade them...look at REDF.
This is more like it: the mean hedge fund traders spiked down CCJ 3c below my stop at $39.80 and then ramped it back up. I just got back into it at $40.21.
David - You make a great target placing your stops in the most logical spots. ;) I don't know how hedge funds can get prices where they want them w/o losing their asses, but they seem to do it anyway...
Yep, my bad this time CP. But my position was too large for me and I didn't want to place a stop much lower than the obvious level. And I got punished for that. It is also an unfortunate coincidence that today was the day when I woke up late (10am instead of 9am, as I was trying to do recently) because friends came over to play bridge yesterday and we didn't notice how 1am creeped up on us... It probably wasn't bridge that distracted our attention but the Absolut with Wormwood inside, which we had recently collected on the hills... In any case, if I had woken up at 9am, I would have gotten back into CCJ at $40.00 and it would have been a much smaller "shakeout" overhead for me...
Well, at least I was able to get over my "ego" and get back into it after a shakeout. The famous saying by Alexander Elder is that professionals don't mind getting shaken out a few times before finally nailing the trade they want. At least for the time of being, I am getting rewarded for getting back into CCJ, as its awesome rally is continuing... It would have been much worse if CCJ reversed right after I got back into it and ran my stop AGAIN!
TOF: Ford indeed has an interesting chart. It seems to have established a support level at $14.60 and is still trading near that support level. I just picked up 2K shares at $14.74 and placed a sell stop limit at $14.50/$14.44. Let's hope this stop is far enough below the $14.60 level that the mean hedgies won't be able to run it.
Forgot to mention: the ECUXF money pump hit my buy limit order this morning for 5K shares at $1.15, and I just set a sell limit for these shares at $1.20.
An excellent example of potential pent-up demand is the automobile market. February light vehicle sales came in at a 13.4 million seasonally adjusted annual rate, compared to 12.6 million in January 2011. Excluding the August 2009 "cash for clunkers" sales of 14.2 million, February's sales figure was the best since August 2008. Domestic light vehicle sales were reported at 10.35 million units compared to January's 9.59 million -- again the best monthly data, excluding "clunkers," in two and a half years.
More from Doug Kass Kass: It Ain't a Popularity ContestThe Best of KassKass: My 'Fast Money' Recap From an historical perspective, sales are still meaningfully below their trend line and have a lot of room to grow -- in the years that led up to the last recession in 2008, light vehicles sales averaged close to 17 million units
BBY - Their bait and switch program is in full swing, I called yesterday to see if I could get the new 4D-TV and they told me they only have the 3D-TV in stock. ;)
Re: Ford - Time to Buy/ Time To Buy, Period newSubmitted by 2nd_ave (5293 comments) on Thu, 03/03/2011 - 15:59 #80818 (in reply to #80813) Honestly, there's been a great deal of good news as far as earnings and unemployment.
Unbelievable. I tried logging in to my slow money account (i.e., long only IRA) to sell my SPY index fund from 2 days ago and whattaya know...it wouldn't let me log in. I still think we get another move down before finally breaking higher going into Q1 earnings in April. But if we continue higher tomorrow then I'll take it as a sign that I shouldn't have even tried to sell.
No luck with ECUXF money pump today -- it printed $1.20 by EOD, but my sell limit at $1.20 did not get executed... Let's hope it gaps up tomorrow and I get an even better price. :)
China to offer personal income tax relief new Submitted by Mark H (331 comments) on Thu, 03/03/2011 - 11:48 #80791
http://bit.ly/gOfmj3
The proposal signals the government’s intention to tackle the issue of income disparities and will be “especially helpful to consumer discretionary items with large exposure to middle-incomers such as dairy, beverage, mid- to low-end apparel and automobile brands, as well as department stores,” Lu said.
David - One stock that I owned a while ago but still watch is SOKF. I know someone at a hedge fund that has a large stake in them. It's a great play on consumer spending in China, although its completely illiquid.
I looked more carefully at the multi-day chart of intraday prices for F and saw that it dipped to $14.52 on Feb. 24. So I decided to lower my sell stop limit to $14.40/$14.34, so as to not get shaken out of my position by the mean hedge fund traders who like to run a stock a few pennies below the previous lows before sending it to the moon, just like they did with CCJ today.
Re: Moving Cash> BAC/CSCO @ 14.02/18.62>Add INTC @ 21.65 newSubmitted by 2nd_ave (5291 comments) on Thu, 03/03/2011 - 09:02 #80770 (in reply to #80761)
ReplyDeleteNot a problem, Earl. Everything's a trade, and there are infinite ways to make money.
2nd - I think the 1999 scenario holds true yet again. I think we trade sideways for about 2 months. We're one month into it. I suspect we get another test of the 1,350 level here and then a pullback to 1,300 and then another test...I think we're range bound between 1,300 and 1,350 until around mid April, which coincidentally is when earnings start.
ReplyDeleteKNDI - Sweet +5.6%
ReplyDeleteSell in May and go away?
ReplyDeleteAded more DANG at the open at $25.1. Now long at an average of around $24.9.
ReplyDeleteALU - BTW, I've got nothing to say about this company but good, I've worked with the Oudinaarde device boys in the past, they were eager for success, hard working, and had the best equipment to work with.
ReplyDeleteThat may have little to do though with this cube device, which from what I've read goes a long way towards cleaning up a transmitting tower and I would imagine, expanding it's capability.
ALU has simply accomplished what the industry already should've, first to market very well could put some cash in their pockets.
Guys - I think oil comes off $10 soon. The biggest big cap beneficiary in my mind is Ford. F has a downtrend line from mid January that is around $15 right now. If you are patient and want to wait for confirmation, go long above that downtrend line. Otherwise, if you're impatient like me then go long right here. I think it trades up to $17 soon. I'm long in the money call options from yesterday. Just bought some more. $13/14 calls expiring in April.
ReplyDeleteDANG - Hot diggity dog! ;)
ReplyDeleteDANG why didnt I sell DANG at $26.
ReplyDeleteDANG CP, you ain't in DANG? Well gosh DANG it there's still time.
ReplyDeleteYes, I'll be here all day.
Oil/Iran - I thought I heard last night about new protests in Iran? Probably nothing new and to be anticipated, and I'm actually kinda surprised there's public unrest there.
ReplyDeleteI knew an Iranian guy once who expressed discontent with the establishment, but it always seems like the public supports Ahmadinejad when foreign entities try to stir trouble.
"why didnt I sell DANG at $26."
ReplyDeleteCause you were too busy giving DANG the WEE dance? ;)
I did the same with RBY y'day.
Long CSX, ICO, SFI
ReplyDeleteSeriously, though, CP...I think DANG is an excellent long term investment. Leading internet retailer in China at only a $2.0 Billion market cap. BIDU is 1/4 of GOOG...1/4 of AMZN is what??? $15 Billion. I know it's simple math but that's a 7-8 bagger.
ReplyDeleteTOF - I've been considering MCOX with similar expectations.
ReplyDeleteTeam that stupid Badger movie is stuck in my head like a Linoel Richie song. Thanks a lot.
ReplyDeleteGartman - A non-goldbug, is bullish on gold.
ReplyDelete"Gold has become the world’s second most reservable currency. It’s gaining relative to the euro and yen. It’s quite strong and will likely continue to be for some time to come."
http://www.cnbc.com/id/41870007
"BlackRock Chief Equity Strategist for Fundamental Equities Bob Doll believes that issues in the Middle East and North Africa are unlikely to halt the global economic recovery or the bull market in equities."
ReplyDeleteCP > Yeah I saw that SINA invested in MCOX...I almost bought some yesterday but I think DANG is a much better play longer term. Those market leaders in the internet space can run way way way longer than people think and the 2nd tier companies tend to fizzle out longer term. Doesn't mean you can't trade them...look at REDF.
ReplyDeleteThis is more like it: the mean hedge fund traders spiked down CCJ 3c below my stop at $39.80 and then ramped it back up. I just got back into it at $40.21.
ReplyDeleteMan, how did I know Ghaduffi would be moving to Venezuela and work for Chavez?
ReplyDeleteDavid - You make a great target placing your stops in the most logical spots. ;) I don't know how hedge funds can get prices where they want them w/o losing their asses, but they seem to do it anyway...
ReplyDeleteYep, my bad this time CP. But my position was too large for me and I didn't want to place a stop much lower than the obvious level. And I got punished for that. It is also an unfortunate coincidence that today was the day when I woke up late (10am instead of 9am, as I was trying to do recently) because friends came over to play bridge yesterday and we didn't notice how 1am creeped up on us... It probably wasn't bridge that distracted our attention but the Absolut with Wormwood inside, which we had recently collected on the hills... In any case, if I had woken up at 9am, I would have gotten back into CCJ at $40.00 and it would have been a much smaller "shakeout" overhead for me...
ReplyDeleteDANG look at it go!
ReplyDeleteWell, at least I was able to get over my "ego" and get back into it after a shakeout. The famous saying by Alexander Elder is that professionals don't mind getting shaken out a few times before finally nailing the trade they want. At least for the time of being, I am getting rewarded for getting back into CCJ, as its awesome rally is continuing... It would have been much worse if CCJ reversed right after I got back into it and ran my stop AGAIN!
ReplyDeleteDANG - BOOM! I raise you one KNDI! ;) Too bad I'm not along for the ride, metals are in a perpetual state of consolidation...
ReplyDeleteding DANG dong.
ReplyDeleteNow if only F could come along for the ride. I suspect it gaps up tomorrow and doesn't look back.
My WEE controller is obviously malfunctioning...
ReplyDeleteJNJ - Cleared the 50 today.
ReplyDeleteTOF: Ford indeed has an interesting chart. It seems to have established a support level at $14.60 and is still trading near that support level. I just picked up 2K shares at $14.74 and placed a sell stop limit at $14.50/$14.44. Let's hope this stop is far enough below the $14.60 level that the mean hedgies won't be able to run it.
ReplyDeleteForgot to mention: the ECUXF money pump hit my buy limit order this morning for 5K shares at $1.15, and I just set a sell limit for these shares at $1.20.
ReplyDeleteAnyone but me interested in BBY?
ReplyDeleteF/GM/cars
ReplyDeletePer Kass
An excellent example of potential pent-up demand is the automobile market. February light vehicle sales came in at a 13.4 million seasonally adjusted annual rate, compared to 12.6 million in January 2011. Excluding the August 2009 "cash for clunkers" sales of 14.2 million, February's sales figure was the best since August 2008. Domestic light vehicle sales were reported at 10.35 million units compared to January's 9.59 million -- again the best monthly data, excluding "clunkers," in two and a half years.
More from Doug Kass
Kass: It Ain't a Popularity ContestThe Best of KassKass: My 'Fast Money' Recap
From an historical perspective, sales are still meaningfully below their trend line and have a lot of room to grow -- in the years that led up to the last recession in 2008, light vehicles sales averaged close to 17 million units
Seems like gold is being used as a weapon for someone to get their way.
ReplyDeleteMaybe the Germans?
All right guys. I'll join you in BAC. 14.24.
ReplyDeleteAdding to BAC @ 14.21.
ReplyDeleteT3d > Oh great, no you jynx David and I. When did Kass, the ultimate contrarian indicator, write this?
ReplyDeleteI'm probably too harsh on the guy...i mean, when you make 1,000 calls you're bound to get a lot right and a lot wrong.
Back in F @ 14.74.
ReplyDeleteTOF, yesterday, sorry about the jynx.
ReplyDeletet3d
GMO! Crap. I tried to get in before I left. To bad.
ReplyDeleteBBY - Their bait and switch program is in full swing, I called yesterday to see if I could get the new 4D-TV and they told me they only have the 3D-TV in stock. ;)
ReplyDeleteBuy-and-hold into OAKBX/FSELX 75%/25% newSubmitted by 2nd_ave (5292 comments) on Thu, 03/03/2011 - 15:43 #80817
ReplyDeleteThat's my take on take-off.
I thought Kass was short, are there two Kass' or is the guy bi-polar?
ReplyDeleteKass, trades all the time and has been long GM, maybe F too
ReplyDeleteALU, sold 1/2
any news GMO?
Even gold has come back a little now, I guess they're beginning to reload.
ReplyDeleteAdding to F @ 14.76 on an imbalance play.
ReplyDeleteGMO - No, the shorts are covering but they'll be back b/c they're not done trying to make the H&S pattern follow through.
ReplyDeleteThe part they're missing is the head came from the rare earth bonanza, and longs know it.
So I guess if they do push it down again, that's a good place to buy.
GMO- No news.
ReplyDeleteIf I have to choose btw listening to 'tall Kass' or 'short Kass' right now, obviously I'm going with the tall guy.
ReplyDeleteRNOW left the station without me :(
ReplyDeleteSQM- I was dicking around with this one @ 20.
ReplyDeleteRe: Ford - Time to Buy/ Time To Buy, Period newSubmitted by 2nd_ave (5293 comments) on Thu, 03/03/2011 - 15:59 #80818 (in reply to #80813)
ReplyDeleteHonestly, there's been a great deal of good news as far as earnings and unemployment.
Unbelievable. I tried logging in to my slow money account (i.e., long only IRA) to sell my SPY index fund from 2 days ago and whattaya know...it wouldn't let me log in. I still think we get another move down before finally breaking higher going into Q1 earnings in April. But if we continue higher tomorrow then I'll take it as a sign that I shouldn't have even tried to sell.
ReplyDeleteF(ord) the bears! DANG what a great day today and probably still time to BAC up the truck.
ReplyDelete(couldn't come up with one on CHGI).
FD: long F, BAC, DANG, CHGI, SPY
No luck with ECUXF money pump today -- it printed $1.20 by EOD, but my sell limit at $1.20 did not get executed... Let's hope it gaps up tomorrow and I get an even better price. :)
ReplyDeleteIncidentally, WATG did complete my sell limit at $6.52 for the 500 shares I picked up yesterday morning at $6.12, for a quick $200 profit.
ReplyDeleteCHGI, CHGI Choo-choo!
ReplyDeleteChina to offer personal income tax relief new
ReplyDeleteSubmitted by Mark H (331 comments) on Thu, 03/03/2011 - 11:48 #80791
http://bit.ly/gOfmj3
The proposal signals the government’s intention to tackle the issue of income disparities and will be “especially helpful to consumer discretionary items with large exposure to middle-incomers such as dairy, beverage, mid- to low-end apparel and automobile brands, as well as department stores,” Lu said.
*****
This should help my positions in WATG and SORL...
David - One stock that I owned a while ago but still watch is SOKF. I know someone at a hedge fund that has a large stake in them. It's a great play on consumer spending in China, although its completely illiquid.
ReplyDeleteI looked more carefully at the multi-day chart of intraday prices for F and saw that it dipped to $14.52 on Feb. 24. So I decided to lower my sell stop limit to $14.40/$14.34, so as to not get shaken out of my position by the mean hedge fund traders who like to run a stock a few pennies below the previous lows before sending it to the moon, just like they did with CCJ today.
ReplyDeleteGasfrac - +5.4%
ReplyDeletenew post
ReplyDelete