72 + 99 = SPX 1350 newSubmitted by 2nd_ave (5476 comments) on Fri, 04/08/2011 - 07:55 #83425
haunted-
Fascinating stuff. I've noticed that human nature includes emotional cycles that often fall into 3-day patterns- changes in perception or sentiment often take 72 hours to 'kick in.'
The -100 point drop in the DJIA on the heels of the Japan aftershock was a gift to bulls. Skate to where the SPX is likely headed by Tuesday: SPX 1350 with a 72 and a 99.
CSCO> To 100% of allocation @ 17.95 newSubmitted by 2nd_ave (5478 comments) on Fri, 04/08/2011 - 08:43 #83436
ReplyDeleteWhich is to say 6% of the portfolio, of course.
watch GOOG today...i might buy a few flier calls that expire today...i think this one closes up around $595 to $600. i know chicken will say max pain is $580 but with earnings coming up next week I think this thing makes it to $610-$620 before earnings.
ReplyDeleteDing, ding, ding - $40 silver ahead of July target...
ReplyDeleteCSCO off @ 17.90.
ReplyDeleteINTC- Added at 20.05 newSubmitted by 2nd_ave (5479 comments) on Fri, 04/08/2011 - 09:39 #83443
ReplyDeleteThis time they're selling on expectations. But they'll end up buying on the news.
A low print of 17.55 for CSCO? Anyone else see that?
ReplyDeleteBought some $590 calls on GOOG that expire today simply as a flier. Spent $1000 on calls at about a $0.20 average...
ReplyDeletePop and flop is the perfect precursor to a big afternoon move, not only on GOOG but on the Indices.
I wasn't anticipating much upside today on the heels of Europe's rate raise. It seems emerging economies remain quite strong.
ReplyDeleteFor Da bulls, I don't like the price action in Xer.
ReplyDeleteOr XLF for that matter. I kinda thought we'd see a solid rotation into financials.
ReplyDeleteDavid - just wanted to let you know I sold my BTU on the open at $69.
ReplyDeleteAdded some more GOOG stock at $581.3
ReplyDeleteDoubling my SLW short @ 46.60.
ReplyDeleteAnother large increase for copper.
ReplyDeleteAEM out 66.60
ReplyDeleteOpening AA/GE @ 18.05/20.37 newSubmitted by 2nd_ave (5481 comments) on Fri, 04/08/2011 - 10:13 #83447
ReplyDeleteGood chance the DJIA outperforms the Russell 2000 over the next few weeks
2nd- Yep, it's there. 4M shares on the opening 3min bar. That's why I sold. That will act as a magnet.
ReplyDeleteRe: INTC- Added at 20.05
ReplyDeleteSubmitted by Mark H (532 comments) on Fri, 04/08/2011 - 09:58 #83444 (in reply to #83443)
Great analysis. You're the ultimate sentiment trader.
HPQ 40.83 (-0.26)
reply Contact the author Bookmark this Ignore thread Ignore user
Re: INTC- Added at 20.05
Submitted by 2nd_ave (5481 comments) on Fri, 04/08/2011 - 09:58 #83445 (in reply to #83444)
Mark- 'Analysis' may be wrong term ;)
reply Bookmark this Ignore thread
Re: INTC- Added at 20.05
Submitted by Mark H (532 comments) on Fri, 04/08/2011 - 10:04 #83446 (in reply to #83445)
On the server side, it's nice to see Intel has got its feet under Facebook's table.
SLW- Come on man! Break you Fer!
ReplyDeleteGOOG is looking really strong. I think if this market can somehow muster some strength GOOG is going to $590s today. The 1st step though is getting over $582.12.
ReplyDeleteI'm going to load the boat on GOOG stock at $582.4 should it get over the 582.12 level I just mentioned.
ReplyDeleteGSS - Breakout coming?
ReplyDeleteMy computer covered SLW @ 46.66 while I took a shower. Lost $600 bucks on that one.
ReplyDeleteWATG - Signs of life? Did they ever find a replacement auditor?
ReplyDeleteConviction Shakedown newSubmitted by 2nd_ave (5482 comments) on Fri, 04/08/2011 - 10:58 #83459
ReplyDeleteST trading is all about momentum. Long(er)-term trading is all about conviction. Conviction always gets shaken down. If one walks around 'convinced' the positions in his wallet are going up, there will be a group of ST punks in the hallway waiting to test that conviction. It happens every time.
That's right, tof- don't let those punks kick the Google out of you.
ReplyDeleteBought more CSCO @ 17.63 adding to what I am holding at a loss.
ReplyDeleteAdding a ST position in CSCO @ 19.60 newSubmitted by 2nd_ave (5484 comments) on Fri, 04/08/2011 - 11:25 #83464
ReplyDeleteIn addition to the longer-term holding.
Here comes the late day push me thinks. look at what has happened the past few days: Japan earthquake shakes out weak longs, high oil shakes out more weak longs, shorts hop in and can't close it lower...deal gets done on budget...market shoots higher
ReplyDeletei'm thinking GOOG could be in the early stages of a taking over the operating system for smart phones just like MSFT was back in the 80's for PCs. Android has what a 50% market share? Right now GOOG is just getting on as many phones as possible...what happens when it starts to offer software upgrades and accessories like office suites and the like for a fee? You're talking hundreds of millions of phones that will be potential customers.
ReplyDeleteMark you can have your BEXP back!
ReplyDelete2nd - "Adding a ST position in CSCO @ 19.60"
ReplyDeleteIt's a bit lower than that now, looks like a bargain but still haven't figured out why...
GOOG - These are the Android guys? I've heard good things about Android, people seem to like it...
LMLP, ah! broke below, generally a bad sign as in
ReplyDeletehttp://www.youtube.com/watch?v=f1pzXJuvdAY
Screw it...loaded the boat on GOOG at $581.3
ReplyDeleteMMR is divorcing PXP WTF.
ReplyDelete"David - just wanted to let you know I sold my BTU on the open at $69."
ReplyDeleteTOF -- what happened to triple digits next year??? I understand that you had a large position, but you could have at least left *something*! Or did you *totally* lose your conviction in BTU?
TOF's a trader whose mind moves a million miles per hour.
ReplyDeletehttp://www.youtube.com/watch?v=004oe1KVVVo
GOOG - Man, would've been a great opportunity to have gotten in at the lower trend line and the gap-up filled.
ReplyDeleteGSS hedged some gold forward in Q1
ReplyDeleteSPX 1344, Watching and waiting.
ReplyDeletehttp://www.youtube.com/watch?v=0ZsnHIKXVHE&feature=related
CAAS +37% simply on stating its earnings *expectations* for Q4. They didn't even release the earnings, as they are still straightening out their accounting stuff. They will probably double once they release the new audited version and the accounting worries drop off.
ReplyDeleteI expect WATG to behave similarly. Now it knows that it doesn't even have to release its earnings -- all it needs to do is to mention its expectations! Naturally, WATG and SORL are up nicely today, as the shorts in those stocks realized that they don't want to be caught in a move similar to the one CAAS is making now. Too bad I only sold $7.50 puts on CAAS. Still, I sold a bunch of them when they were VERY expensive for a total of 1% of my port, so if CAAS stays above $7.50 until August, my port should be up by 1%.
Silver keeps surging forward but ECU.TO is still lagging. Once it releases its economic feasibility report, I expect it to make an up move, in comparison to which today's move in CAAS will seem like a joke. So I removed my sell limit order on it at $1.20, so as not to sell myself "short" during a sudden strong move.
ReplyDeleteI received a check from Scottrade today (for the sale of SRV and SOKF), which I will deposit into my account and then on Monday will buy more ECUXF.
What the heck is going on in Libya? Is the west the real enemy, are we determined to support Qaduffi? Game plan, anyone???
ReplyDelete"Libyan rebels fled in full retreat after being bombed by NATO aircraft"
Copper up only 2% now...
ReplyDeleteThis is funny. Cramer pimped WY yesterday. I appreciate what Cramer does and you can make money off him.
ReplyDeleteFidelity shows "orders by Fido customers" the buys out number the sells 1110 to 60. A lot of independent thinkers here. Ha Ha
Anyway a good look into other traders actions which sometimes provide clues.
David - I'm honestly just doing short trades here until ZipCars IPO. Assuming it doesn't skyrocket right away, I'm planning on playing that IPO.
ReplyDeleteDavid - I think Zipcar could be a multibagger at the IPO price...not sure about a huge spike higher. Also, I'm still kinda just mentally waiting for a panic selloff so that I can buy stocks again at discounts. Whether or not BTU gets to 100 in the next 12 months, I think I have an equally good chance making at least that return in Zipcar and/or in other stocks on panic selloffs.
ReplyDeleteI checked out zipCars for Baltimore. There daily rates are not that cheap. I would much prefer the standard rental agencies. I guess it is novel to be able to rent for just and an hour at $8 but it seemed to me that you had to return the car to its original pick-up point.
ReplyDeleteJust was not wowed by there concept over what we have now, perhaps I'm missing something.
telestar > when you sign up they give you a chip card that allows you to just walk up to the car and put your card in and it recognizes it. you get gas and insurance covered for free plus you get 150 free miles. you don't need to wait at a rental agency and fill out forms...just take your card and go to the spot where the car is.
ReplyDeleteTOF, thanks for the info, the IPO could be a big winner.
ReplyDeleteTOF -- when is the IPO for ZipCars?
ReplyDeleteLate yesterday I got a partial fill of an order for CEF. That position is up 2% now. Seems like PM's are the only things going up and up. I hold GLD and RBY with nice profits.
ReplyDeleteAll right, I can't wait for my check to cash -- just bought 5000 shares of ECUXF at $1.09.
ReplyDeleteRBY is powering upward in the last twenty minutes.
ReplyDeleteRB- Cramer talked about MMR yesterday. 'Nuff said. I'd short it, but no shares available.
ReplyDeleteLEXVF has once again traded through my ask. How did I even buy those Fing shares?
ReplyDeleteRare earths are taking a header right over the handle bars.
ReplyDeletePer the SPX.X chart daily and hourly
ReplyDeletehttp://content.screencast.com/users/Telestar3d/folders/Jing/media/9307b5cd-f39e-4794-9af5-e81a895f045d/2011-04-08_1431.png
http://www.screencast.com/users/Telestar3d/folders/Jing/media/2273bcca-c1d8-4676-b60e-84b429246b3c
Plus is the price of oil what's capping SPX?
Unwound some RBY in that run-up. Still very long.
ReplyDeleteCheapy, was that you knocking down price?
ReplyDeleteOne day I was just trying to let go 1000 shares and I killed the bid.
http://content.screencast.com/users/Telestar3d/folders/Jing/media/f93c40c7-abd2-4365-8077-1fb6306145a6/2011-04-08_1448.png
Got stopped out of my GOOG at $579
ReplyDeleteNo, I sold a few cents too early
ReplyDeleteLooks like the market is upset about oil surging higher. Even f*ing BTU is in red now -- good job, TOF, for selling it on time! I would have thought that demand for coal should be positively correlated with the oil price...
ReplyDeleteRBY - News release caused the pop.
ReplyDeleteBought 2K more shares of ECUXF at $1.09 -- it is totally unreasonable for it to go down with the market as silver is surging up.
ReplyDeleteThere were some real good drill intercepts, there, not that it matters to the day traders...
ReplyDeleteLong term, there is still lots of gold there
If we are to keep up with good traditions, a market rebound should start just about now...
ReplyDeleteAdding to AA/GE @ 17.78/20.11 newSubmitted by 2nd_ave (5487 comments) on Fri, 04/08/2011 - 15:06 #83499
ReplyDeleteRBY - That was one scary roller coaster ride. Stock seems to be unstable at these prices. Still holding on. Don't have the faintest idea what the new drilling results mean.
ReplyDeleteScaling into some SPY Calls right here...bought $129 SPY Calls expiring next Friday at $3.87 avg over past 15 minutes
ReplyDeleteBut if Cheapy says they were good I will accept that.
ReplyDeletebought my GOOG back at $578.8 just now.
ReplyDeleteRBY - I'm not sure yet what the news release means either, the grams/oz per ton switcharoo is a bit confusing. My bad, I should have it figured out in advance.... Didn't anticipate a news release this week, but that's an excuse.
ReplyDeleteSell-off clears the markets for take-off newSubmitted by 2nd_ave (5489 comments) on Fri, 04/08/2011 - 15:18 #83503
ReplyDeleteJMO.
Good timing on my part. :)
ReplyDeleteEven cheapy is learning the advantages of 'trading around' a position ;)
ReplyDeleteRe: Sell-off clears the markets for take-off newSubmitted by 2nd_ave (5490 comments) on Fri, 04/08/2011 - 15:23 #83504 (in reply to #83503)
ReplyDeleteAny sell-off must be 'realistic' enough to convince weak hands to sell. No way around it. If you can't feel it in your gut, it's not real.
RBY - Traders didn't hesitate to sell that pop, did they?
ReplyDeleteActually I have to agree on the numbers, seem in line or better than anticipated, ~25g/ton is the value I had in my head and most exceed?
This comment may be creating some consternation?:
"Since the Company will require additional capital to fund potential future development, and the ability to raise capital is dependent, in part, on completing a positive PEA and other studies, the securing of permits and the successful delineation of mineable resources, project timelines for a possible start up are revised to late Q1 of 2013."
I decided to remove my stop on DANG -- the downside momentum for the stock (on the daily chart) has obviously finished, and I don't want to be shaken out just before a surge higher. Both DANG and REDF seem to be correlated with US stock market lately, and I do have some April $84 and $85 puts on IWM. So my losses on DANG and REDF should be mitigated by the gains on my puts if the sell-off is to continue.
ReplyDeleteNow I am getting worried about NLY which was bought for a long term hold.
ReplyDeleteI wouldn't call them spectacular, but points to note were that every single hole I saw came back with at minimum 5 gr/ton of gold, and most were substantially higher.
ReplyDeleteThe only negative I saw was that they pushed back production start to Q1 2013.
I am not capable of analyzing it. As I see it, if good news you get a pop, then sell off, then climb back as a normal course of events. If it hadn't been good news it would have sold off immediately, I think.
I average 5000 trades per yr. Its been much less the past couple months, but when I'm in the green I'm not afraid to unwind a bit on spikes and reload a bit on panics. It seems I almost always sell too early, but I try not to.
crude to natty ratio closing at all time high above 28. Going to take the plunge yet again @ 10.57:)
ReplyDeleteNLY - Any cause? My 1st thought is DC shutdown, could be buy op, not sure.
ReplyDeleteI haven't looked at this site yet, but they're usually on top of things:
http://www.mortgagenewsdaily.com/
NLY - Any further talk of eliminating FRE/FNM?
ReplyDeleteI'm trying to link the GSE thing with mortgage insurers like PMI, and PMI hasn't gained so GSE's still in play?
The other factor would be an anticipated shift in the yield curve, haven't heard anything there.
NLY does tend to reach low $17's periodically, last three years has proved a buy opportunity...
NLY - PIMPCO MREIT launch announcement?
ReplyDeleteRBY - Yep, seems to have stabilized with a few buyers arriving...
ReplyDelete"As I see it, if good news you get a pop, then sell off, then climb back as a normal course of events. If it hadn't been good news it would have sold off immediately, I think."
I just looked through all of my trades and I can't believe it but I have NEVER made money in Google. I have traded it about 10 different times and never once made money in it. This stock is a pain in my ass. I blew all of my money on those stupid calls ($1,000) that I bought and lost another $600 on the stock. I sold it at $578 at the close. I managed to sell off my SPY Calls at $4.15 and made $450 on that and I also made $1,000 on my BTU. So all told I lost $128 before commissions today.
ReplyDelete"I have NEVER made money in Google."
ReplyDeleteMaybe due to the high liquidity premium?
GOOG does have a trading range, and hesitates around averages, seems like TA would be the best approach?
One could have bought GOOG yesterday and done okay, that looked like a good entry. The MP calc indicates a 4/16 $580 target...
2nd_ave -- the 2-day sell-off we had could indeed clear the market for takeoff if it was looking for a way to move higher. But what makes you think that the market is looking for a way to move higher? Don't you think that the end of QE2 means the end of the bull market we had? After all, the rates will shoot up at that point (since no one will step up their buying of US Treasuries to make up for the buying short fall of the Fed leaving the scene) and the whole economy might grind to a halt.
ReplyDeleteTeam: Captin Obvious here. "Don't trade Google!"
ReplyDeleteThe Captain.
David-
ReplyDelete"Don't you think that the end of QE2 means the end of the bull market we had? After all, the rates will shoot up at that point (since no one will step up their buying of US Treasuries"
I've been busy moving the past couple of days, thus have not had any chance to look at charts, so I have no opinion in which way the market goes from here. But, from your comment, I would expect 2nd ask a question regarding isn't everyone expecting the end of QE2, and nobody expecting anybody to step up to buy U.S. treasuries (especially not Japan). 9 times out of 10, the market does exactly the opposite of what market participants expect.
So....if QE2 ends.... there is no longer this "phantom bid" under the market from the fed. Nobody is around to buy U.S. treasuries, thus rates "skyrocket". This results in the end of the world, and ....... the market somehow goes higher:)
Having said all that, I can't wait to spend a few hours going through charts this weekend to try to find an edge...
fyi- picked up a little LMLP (YES AGAIN!) at the end of the day at 2.71.
GOOG - Looks like it just retested the 20 SMA from the top side to me, and held. Just what a long wants to observe as a positive indicator, no?
ReplyDeleteCould be a fakeout before moving lower but that's what risk management is all about, I suppose.
Jesse -- remember what happened in May 2010? The Fed stopped buying MBS securities on March 31, the delayed monetary effect stayed around for 1 month, but then when it started to wear off the market collapsed. I suspect the same thing will happen this time around. Except that smart money might start selling a little sooner than QE2 ends, maybe right about now...
ReplyDeleteDavid,
ReplyDeletejust a reminder. When QE1 was ending. Everyone was saying the same thing T-rates had to go up. It was on CNN on the covers ect. Rates will sky rocket. Everyone piled into shorting the t bill and they got murdered! When QE 1 ended Rates went dowm! Way down.
I think I need to just take the weekend to think this whole market over. We're clearly at a point of indecision and to say for sure that we're moving one way or another would be foolish. The best we can do is guess. Back in August it was an easy trade...everyone was bearish and there was no reason for the market to go higher. Back in mid March it was the same thing.
ReplyDeleteNow here we are and oil is significantly higher, we're at old highs, and we just had two significant intraday selloffs, the second of which was only mildly bought back. In fact, we were only able to rally to just above the lows from yesterday, after opening above the highs from yesterday. I believe they call that a reversal day. So maybe it is time for the market to take a breather. After all we are up from 1,250 to 1,340 today in 3.5 weeks. Even though we have technically traded sideways for almost 2 months, its probably healthy for the market to pull back a little and regroup, then to attempt to break through old highs.
End of QE-2? One could say it's got to stop at some point, then what happens? So what's the exit strategy to the bond buying program, does the Treasury have an alternative buyer lined up? Hasn't the FED become the single largest "T" owner?
ReplyDeleteI see Europe closed green, in opposition to what one might anticipate considering they just raised rates?
Yeah, it's confusing...
Yeah, if they stop the QE crap, rates will fall as the prospects for the economy sour dramatically, I think.
ReplyDeleteTOF- I agree with your last comment. 1310?
ReplyDeleteRoBear -- while the Fed was injecting money into the market during QE1, it was not buying Treasuries, so they could trade in a speculative fashion. Thus, in order for the rates to start going down after the end of QE1, there had to be only a few more buyers than sellers of Treasuries.
ReplyDeleteThis time around there will be a clear and palpable void left by the Fed, and so in order for the rates NOT to go up, suddenly A LOT of new buyers for treasuries will have to appear. All market participants will position themselves ahead of the end of QE2 -- so who will be these new buyers???
Cheapy is on the right track. The new buyers will be the flight to safety trade from a tanking market and does not the end of QE2 stop the dollar slide?
ReplyDeleteSo here we go, RoBear -- the market will crash after QE2 either because the rates will shoot up or the rates won't shoot up because the market will crash. In either possibility, the market is set to crash.
ReplyDeleteDavid - Good point, but maybe the FED repeats the process if the market sells off this time again?
ReplyDeleteAh, so the FED completes QE2, then distributes their T's into strength as the market crashes, before eventually resuming with QE3?
ReplyDeleteI don't know. crash, correction pick your adjective. At some point it will happen it is the nature of markets, but it is hard for me to believe that we could perdict with certainty that one input will cause a perdictable output. QE2 ending = higher interest rates or
ReplyDeleteQE2 ending = Market crash.
Would be too obvoious in my opinion. We probably could agree that.
QE2 = no more easy trades.
Correct, anyway, on economic weakness if the Fed doesn't quickly reverse course.
ReplyDeleteMy guess is if they just stop, we get a repeat of 2008, where there is no known bottom until they pull the levers again.
"does not the end of QE2 stop the dollar slide?"
ReplyDeleteNot necessarily, the dollar slide is dependent on many variables, one of which is level/growth of government debt. The dollar is backed by GDP(tax receipts).
QE is just proof the FED is willing to sacrifice the currency(perhaps temporarily) in order to keep the debt manageable. The ultimate goal only arrives once tax proceeds exceed (spending + debt payments)?
Rising energy is the current bugaboo, emerging market growth adds to that pressure, inflation in emerging markets slows rate of energy demand?
"Ah, so the FED completes QE2, then distributes their T's into strength as the market crashes, before eventually resuming with QE3?"
ReplyDeleteWell, you know that they will have to do QE3 in the not-so-distant future (followed by QE4, QE5, etc.) for as long as US is expected to have trillion+ budget deficits. Where will US government get the money to fund their defficits? From selling Treasuries. Who will keep buying those treasuries as the US debt keeps soaring and the US credit rating will be placed more and more into question? No one but Fed can provide the required purchasing power over the years ahead. Thus, Rob McEwen's estimate of $300/oz silver and $5000/oz gold by 2015 might very well be accurate.
Isn't it essentially a souped-up version of the same old strategy?
ReplyDeleteI think they intend on pulling levers expecting the economy outgrows recessionary pressures, energy prices are a huge opposing force right now, they might be forced to lift the pedal?
Occasionally they stop and lift the hood to check the oil.
You know they're counting on economic growth(GDP=tax receipts) to eventually outpace government spending, it has too else we keep swirling around the bowl.
ReplyDeleteMaybe the best strategy is to just sit out the market for a while...the run has been huge and if we pull back because oil is too high then we will potentially get some great buys later on this year.
ReplyDeleteWhile I hear the argument about QE2 ending being negative, you can't deny that the economy is getting better and earnings are awesome. You just can't. Private sector jobs have been +200k for the past 3 months now and ISM readings are sky high. Retail sales remain strong and earnings are at all time highs. Maybe the top is in but I don't think these things are doing well because the Fed agreed to support the bond market with $600 Billion of buying...especially when the whole economy is what $17 Trillion?
TOF- $17.3 trillion. You forgot to count my wife.
ReplyDeletetook a bit more off the table today, could be an interesting weekend
ReplyDeleteNot as much as me bro. Flatsville here.
ReplyDeletei don't have the b*lls you guys got, 70% of my portfolio is locked
ReplyDeleteYONG - Bit the dust today...
ReplyDelete"if we pull back because oil is too high"
ReplyDeleteHow sure are we really that $113 oil is too high, maybe the tipping point is more like $130...
I'm still about 75% long, GMO/RBY/NKE, NKE has been more volatile than I'd imagined.
ReplyDeleteGimme a good selloff and I'll add...
jb/David- With all due respect, I don't think buying AA/CSCO/GE/INTC/OAKBX here requires balls. Shorting any of the above would.
ReplyDelete"You forgot to count my wife."
ReplyDeleteWe already know who wears the pants in your house!
I'm going to correct Mark's entry->$17.0000000003 trillion. Or maybe it's $17.00000000003 trillion.
ReplyDeleteNo worries, though. I pull the same 'point (mumble, mumble) three trillion' stuff myself when in public.
Unbelievable: FGMNX closed off -0.01, but OAKBX closed flat. So I actually made the correct move yesterday.
ReplyDeleteHow does funding planned parenthood qualify as a line item large enough to become a show-stopper?
ReplyDeleteI must admit, I was disappointed I didn't get to see tears rolling down Boehners face this evening over this planned parenthood subject...
The market recognizes this stalemate as a transparent case of political posturing but that doesn't stop it from trying to use it to shake out weak hands.
Look, guys. We rally Monday. And that's my last post until Monday!
ReplyDeleteSocial Security - Hey, if these guys want to, they can send me back everything my employers and I have paid into SS and shut the program down, that would be fine by me...
ReplyDeleteYou guys know there is a large spread between Brent and WTI, but did you realize there is no more storage capacity in Cushing. This is why refiners are going to be getting a great deal on oil, increasing their amount of CRACK.
ReplyDeletehttp://oilprice.com/Energy/Oil-Prices/Cushing-Storage-Maxed-Out-U.S.-Crude-Oil-To-Hit-$90-in-a-Month.html
I bought my GOOG shares back AH between $577 and $577.4...that's the last of this nonsense.
ReplyDeleteDavid won't this cause. Backwardation and how could we play this.
ReplyDeleteTeam: You are going to make Captain obvious mad.
ReplyDelete2nd: I feel like an abandoned child. Its like you have a life away from the market and the chat room. WTF
GOOG - 5/21 Captain Obvious (Max Pain) is $575, not sure how much validity this number has this far out, I suppose it's all dependent on options action.
ReplyDeleteBTU - 5/21 Captain Obvious is $70
AA - 4/16 Captain Obvious is $17, 5/21 is $17
"David won't this cause. Backwardation and how could we play this."
ReplyDeleteBackwardation in what? In oil?
yes oil.
ReplyDeleteRB- We both have another life. Our kids soccer!..Oh yeah, that's right. I guess we don't.
ReplyDeleteKendra's playing up 2 groups in 2 games this weekend. Should be interesting :)
RoBear, I don't know of a method to play backwardation. Russell 2000 futures have been in a backwardation for the last 2 years.
ReplyDeleteSorry i thought you had some play on it back in 2008. Maybe you were just discussing UNG ETF and how it could only be profitable rolling over to lower priced contracts.
ReplyDeleteBasically there is not one fundamental reason why OIL should be this high or rising, but we have seen this movie before right? Oil and fundamentals don't matter.
Mark, two groups up? Is she big for her age? The girl game is rough. Hope she is feisty.
ReplyDeletehttp://www.youtube.com/watch?v=t0xClITNEAc
RB- No, she's average build. That's why it will be interesting :). They have to catch her to beat her up!
ReplyDeleteWould be funny if oil crashes and so does market
ReplyDeleteMaybe a little lesson for those set pieces.
ReplyDeletehttp://www.youtube.com/watch?v=HMFmESf7wXY&feature=related
RB- This is my favorite photo from last year. This is what it's like play 2 up.
ReplyDeletehttp://www.screencast.com/t/nAS0yHo9
Brilliant RB. Love training videos!
ReplyDeleteWhy do I get the feeling I'm the only one watching the live feed from the Senate?
ReplyDeleteSenate? what a creative name for one of those live view, video hostesses. Very cute.
ReplyDeletehi friends
ReplyDeletejust saying helloooo
Love,
VBeanie
well poof! I'm gone! but, I am loyal and I will check back next few weeks.
ReplyDeletereally miss you and
by for now
vb
The ghost of vb appears, briefly!
ReplyDeleteHi vb!
11:00pm, Congress struck a deal, detail coming.
The fragrance of true VB wafts over once again.
ReplyDeleteBetter news: Real Housewives of Washington DC will shut down.
ReplyDeleteIt pays to have high friends in low places!
4/5/2011 - "Pimco to Raise $600 Million for REIT to Buy Mortgage Debt"
ReplyDeletehttp://www.bloomberg.com/news/2011-04-05/pimco-s-reit-files-ipo-for-about-600-million.html
Apparently they also have commercial REIT aspirations as well.
Refiners - Did some of them hedge their feedstock costs at lower prices or something?
ReplyDeleteSPY - RSI(7) peaked at 73.67 with a volume spike and is now down to 58.26, I think I'm gonna trim my NKE position this week even though I think it's pretty low risk, I hope to get $80 and reload in a week or so.
ReplyDeletethat's such a great pix Mark!
ReplyDeletenew post
ReplyDelete