tag:blogger.com,1999:blog-6969366797834293153.post5913674797874806885..comments2023-10-28T01:56:57.243-07:00Comments on Trading Topics: 11/24/10 75% LongMarkWhttp://www.blogger.com/profile/10115276845896649502noreply@blogger.comBlogger150125tag:blogger.com,1999:blog-6969366797834293153.post-46486691731718797962010-11-26T18:07:57.131-08:002010-11-26T18:07:57.131-08:00"David Einhorn Speaks" : tinyurl.com/23..."David Einhorn Speaks" : tinyurl.com/23wynmg<br /><br />He is the hedge fund mngr who did a bearish expose on JOE. Knocked it down and explains why. <br /><br />Wont touch a HB&B, plus gold is good/money. Audio interview.illinihttps://www.blogger.com/profile/07133050863199657411noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-24359491021340670222010-11-26T11:04:35.801-08:002010-11-26T11:04:35.801-08:00If you have a paypal account, you may have at some...If you have a paypal account, you may have at some point purchased or subscribed to a service without realizing and not known about it. Anyway, one should be aware of the potential. Any questions, read this:<br /><br />http://www.moneycone.com/if-you-have-a-paypal-account-read-this/Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-19009889915389290392010-11-26T10:02:16.234-08:002010-11-26T10:02:16.234-08:00Take note that equities and the U$D aren't mov...Take note that equities and the U$D aren't moving up together. Not that they can't or won't b/c they will and should, but that comes at a much later stage in economic recovery.Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-18663442790261420022010-11-26T09:40:49.225-08:002010-11-26T09:40:49.225-08:00Wonder why gold isn't moving up with the dolla...Wonder why gold isn't moving up with the dollar this time around the European bailout mulberry bush?Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-37287594791577478082010-11-26T09:37:11.455-08:002010-11-26T09:37:11.455-08:00PKX - Putting this Korean steel producer (20% owne...PKX - Putting this Korean steel producer (20% owner of GMO's Mt. Hope project) back on the watch list, target ~$90?<br /><br />"Stainless Steel Demand in Asia to Climb as Posco Seeks to Cut Nickel Usage<br />By Sungwoo Park - 11/26/10<br /><br />Posco, the world’s second-biggest maker of stainless steel, expects demand from plant builders and automakers in Asia to climb next year. The company is also seeking to cut its use of nickel because of volatile prices.<br /><br />“As the economy recovers, we expect a better market environment and improvement in profitability next year,” Suh Young Sea, a senior vice president of the Pohang, South Korea- based mill, said in an interview. Output this year may rise to about 1.8 million metric tons from about 1.4 million tons last year, he said. He didn’t give a 2011 forecast.<br /><br />Construction of petrochemical and seawater desalination plants will increase demand for stainless steel, Posco said. Global production may grow to 32.7 million tons next year, from an estimated 31.2 million tons this year, according to Alloy Metals & Steel Market Research. "<br /><br />http://www.bloomberg.com/news/2010-11-26/stainless-steel-demand-in-asia-to-climb-as-posco-seeks-to-cut-nickel-usage.htmlChickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-10910569412530909982010-11-26T09:16:01.040-08:002010-11-26T09:16:01.040-08:00Austerity isn't too good for metallic money ap...Austerity isn't too good for metallic money apparently, I should be shorting silver to $20.Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-55635830038782878142010-11-26T08:44:24.418-08:002010-11-26T08:44:24.418-08:00DLM - Looks like rumors preceded the reality?
Alt...DLM - Looks like rumors preceded the reality?<br /><br />Although I know and realize any situation involving the lunatic ruling North Korea is serious, I'm reasonably convinced this too shall pass.<br /><br />Wonder if some day soon China doesn't just take permanent control of that situation?Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-30057962032701013042010-11-26T08:27:51.718-08:002010-11-26T08:27:51.718-08:00CADC - I'm looking for a close today better th...CADC - I'm looking for a close today better than $4.12Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-85313746702390665822010-11-26T07:51:06.095-08:002010-11-26T07:51:06.095-08:00DNN on the move up as wellDNN on the move up as wellKylenoreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-55604482888949164852010-11-26T07:44:04.496-08:002010-11-26T07:44:04.496-08:00ONP - Still moving back up.ONP - Still moving back up.Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-29562208502762797082010-11-26T05:47:08.265-08:002010-11-26T05:47:08.265-08:00Neat Gartman Video...
http://video.google.com/vid...Neat Gartman Video...<br /><br />http://video.google.com/videoplay?docid=6974477267078611049#Kylenoreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-23356373374403760462010-11-25T12:54:07.565-08:002010-11-25T12:54:07.565-08:00TOF - In that case, I wonder if GBCI made it on yo...TOF - In that case, I wonder if GBCI made it on your list, of if it might qualify? I've been watching this one for a couple monyhs now and feel pretty comfortable with it as far as financials are concerned..Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-22301744735076728882010-11-25T11:14:43.671-08:002010-11-25T11:14:43.671-08:002nd- back on cc's blog about 15 months ago I w...2nd- back on cc's blog about 15 months ago I was posting abt how some of these banks involved in the fdic closures would become giant regionals...I came across ibkc then...been keeping it on my radar ever since. Based on earnings its not that cheap but its underappreciated. One of my friends and I followed every single fdic deal for 6 months and put together a huge spreadsheet on all of the deals and ibkc was by far the biggest beneficiaryteamonfuegonoreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-62584511483900605642010-11-25T09:22:45.034-08:002010-11-25T09:22:45.034-08:00GMO- Bad data from finviz.
Everyone have a great ...GMO- Bad data from finviz.<br /><br />Everyone have a great day today. Off to run the girls a little at the soccer field. Don't worry. I have my chair and whistle :)MarkWhttps://www.blogger.com/profile/10115276845896649502noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-65427757206427067382010-11-25T07:53:26.881-08:002010-11-25T07:53:26.881-08:00finviz - Questionable data? Hmm, there may be some...finviz - Questionable data? Hmm, there may be something fishy with recent finviz data, not sure how much of it can be trusted. According to the GMO statistics, insiders have sold 97% of their position over the last 6 months but a quick glance at filings from EDGAR doesn't support this figure at all.Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-25048949189322367522010-11-25T07:45:17.911-08:002010-11-25T07:45:17.911-08:00"(there was even a "fools rally" in..."(there was even a "fools rally" in 2007 after Bernanke started lowering rates)"<br /><br />Yes, unfortunately Bernanke raised rates prior to lowering them, which increased mortgage payments for a large segment of the housing market just as ARM's had become profligate.<br /><br />I often wonder about this move in the sense Ben may have pulled on the rug just a bit too hard, but I suppose imbalances required correction sooner rather than later.Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-72003524501196225272010-11-24T22:47:14.085-08:002010-11-24T22:47:14.085-08:00RE: IBKC. "Earnings will explode over the nex...RE: IBKC. "Earnings will explode over the next 5 years as (a) loan losses diminish and (b) interest income rises with rising rates."<br /><br />Unless, of course, the market will SLOWLY come to grips with implications of the state budgets (which will require raising taxes to fill the budget holes), just like it was coming to grips with the subprime crisis VERY SLOWLY since 2006 (there was even a "fools rally" in 2007 after Bernanke started lowering rates)Davidhttps://www.blogger.com/profile/01511765703071689959noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-47481556850371749892010-11-24T22:15:35.226-08:002010-11-24T22:15:35.226-08:00Ford expansion in China - For my first attempt at ...Ford expansion in China - For my first attempt at imprinting Ford into the Chinese culture, I'd show detailed footage of the early production lines with inventor Henry Ford, I'm sure the Chinese people would immediately identify with these images and concept.Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-45442600537506574362010-11-24T20:40:22.118-08:002010-11-24T20:40:22.118-08:00Who wants to bet this holiday the TSA handles more...Who wants to bet this holiday the TSA handles more packages than the US mail, UPS and FED-EX combined?Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-4476694029962983392010-11-24T18:55:13.551-08:002010-11-24T18:55:13.551-08:00Port, my main man....Trading today in UNG was very...Port, my main man....Trading today in UNG was very strange. Now I see NG futes are up. Contract roll today? What did I miss working today funding my clients?MarkWhttps://www.blogger.com/profile/10115276845896649502noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-87688024050284929642010-11-24T18:29:33.522-08:002010-11-24T18:29:33.522-08:00Ha, yeah, I'm still waiting for the last perso...Ha, yeah, I'm still waiting for the last personal loan I made to the tune of $30k to come back, it has begun to trickle back but only after a lot of arm twisting.<br /><br />Gotta go, this little fella needs hugs...Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-29276365295815784382010-11-24T18:25:42.321-08:002010-11-24T18:25:42.321-08:00Gotts go play with poochie, he wants my attention,...Gotts go play with poochie, he wants my attention, squawk at ya'll later!Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-85240331390686156592010-11-24T18:19:35.607-08:002010-11-24T18:19:35.607-08:00I was talking with my roofer the other day. He'...I was talking with my roofer the other day. He's owed 375K dating back 5 months to present. Lot's of Gov/Sate/County stuff in there.<br /><br />Kinda funny story. You all know Patricia does our books. About a year after I started my business I went to an ATM for some cash. Something I never do. I think there was about 300K in the account. I almost shit my pants. I gave her a big hug when she got home and told her how great I thought we were doing. She said check it in 5 days. I actually did. That balance was 18K.MarkWhttps://www.blogger.com/profile/10115276845896649502noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-65951933815267048262010-11-24T18:13:35.157-08:002010-11-24T18:13:35.157-08:00CADC- I still have a few nickles for that one if t...CADC- I still have a few nickles for that one if the spot feels right.MarkWhttps://www.blogger.com/profile/10115276845896649502noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-1248547189554845202010-11-24T18:11:49.723-08:002010-11-24T18:11:49.723-08:00CP- Got it. I actually think that's why we are...CP- Got it. I actually think that's why we are seeing so much insider selling. I would put these in the longer term, large position category. 15% instead of 40% is then a big deal. I'd do the same thing given the political uncertainty. However, I don't think many others have held over a year given all we've seen this past year.<br /><br />Bank Of Mark- Yep, that's the main thing a General Contractor is. I don't think I'll ever actually pocket any "real" cash until 1 year after I die/quite :)MarkWhttps://www.blogger.com/profile/10115276845896649502noreply@blogger.com