tag:blogger.com,1999:blog-6969366797834293153.post8202624687548947598..comments2023-10-28T01:56:57.243-07:00Comments on Trading Topics: 9/17/10 If It Makes You HappyMarkWhttp://www.blogger.com/profile/10115276845896649502noreply@blogger.comBlogger114125tag:blogger.com,1999:blog-6969366797834293153.post-23165295546497592212010-09-18T05:48:10.647-07:002010-09-18T05:48:10.647-07:00CP- Re steel/cement...We talked about this a while...CP- Re steel/cement...We talked about this a while ago, no? Wasn't the take that CADC was small enough to fly under the radar.<br /><br />VB- Vegas, baby!!MarkWhttps://www.blogger.com/profile/10115276845896649502noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-53474894512128612462010-09-17T20:56:44.745-07:002010-09-17T20:56:44.745-07:00Did you say 'seance,' CP? Sets up the new...Did you say 'seance,' CP? Sets up the new post...2nd_avehttps://www.blogger.com/profile/11891113186978672464noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-51116485336214134402010-09-17T20:26:43.323-07:002010-09-17T20:26:43.323-07:00maybe we should all get on the redf train ride on ...maybe we should all get on the redf train ride on the next dip. then we can take 5% of our winnings and put it into a party pool for the holidays. If we commit upfront, it will pay all our trip to the bahamas in jan<br /><br />Y/Nvbnoreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-26213715946440720192010-09-17T19:05:30.246-07:002010-09-17T19:05:30.246-07:00Here's the steelguru.com article as obtained f...Here's the steelguru.com article as obtained from the "source", chinapost.com:<br /><br />http://www.chinapost.com.tw/business/asia/australia/2010/09/14/272435/Taiwan-likely.htmChickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-526458910963125242010-09-17T18:45:05.975-07:002010-09-17T18:45:05.975-07:00"Taiwan debut of iPhone 4 sets local records ..."Taiwan debut of iPhone 4 sets local records <br />Taiwan debut of iPhone 4 sets local records<br />Hsu Wei-chun stood in line for seven hours Thursday to be the first person to receive Apple Inc.'s iPhone 4 at a Chunghwa Telecom sales event that kicked off at midnight in Taipei. "<br /><br />Seven hours is nothing compared to the sidewalk camp-outs and seances I hear and read about in the US.Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-58168763552831476432010-09-17T18:33:53.004-07:002010-09-17T18:33:53.004-07:00This is wierd:
"Taiwanese steel and cement l...This is wierd:<br /><br />"Taiwanese steel and cement likely to benefit from China power outages<br />Friday, 17 Sep 2010<br /><br />The China Post reported that Taiwan's cement and steel shares are likely to benefit from China's power restriction measures. The measures have been extended to 18 industries across 18 Chinese provinces, as China struggles to reach its energy conservation and carbon reduction goals.<br /><br />As per report, the power outage will last anywhere between one and three months, with the aim to force certain steel and cement manufacturers with high power consumption to close down.<br /><br />The first wave of restrictions was applied to Jiangsu, Zhejiang, Hebei and Shanxi Provinces. Another round of restrictive measures will be announced for 18 industries in 14 provinces. The industries will include metal, coal, glass and textiles, in addition to cement and steel.<br /><br />China has announced a major initiative to lower carbon emissions and energy consumption by 20% by the end of the year. A reduction of 14.38% was registered during the previous four years.<br /><br />Analysts said that the power restrictions are likely to lead to a shortage of cement and steel and manufacturers are expected to raise prices. Cement manufacturers do not have inventories and are likely to raise prices immediately and steel manufacturers are expected to do the same as their inventories have been on the decline.<br /><br />(Sourced from www.chinapost.com.tw)"<br /><br />http://www.steelguru.com/international_news/Taiwanese_steel_and_cement_likely_to_benefit_from_China_power_outages/165755.htmlChickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-32441601984966089582010-09-17T17:07:49.067-07:002010-09-17T17:07:49.067-07:00September 17, 2010 19:16 ET
DETROIT, Sept 17 (Re...September 17, 2010 19:16 ET <br /><br />DETROIT, Sept 17 (Reuters) - The upcoming initial public offering of General Motors Co [GM.UL] will be open to the widest <br />possible range of investors, including both overseas funds and U.S. retail buyers, the U.S. Treasury said on Friday. <br />The statement marked the first time the Obama administration has clarified the rules that will be applied in a landmark IPO <br />intended to reduce the U.S. government's 61-percent stake in the automaker. <br />In the statement, the Treasury said that it would look to "maximize taxpayer returns" from the IPO while also looking to <br />attract a stable base of investors and interest in the subsequent stock offerings that will be needed to eliminate U.S. <br />government ownership. <br />"We expect that potential investors will be sought across multiple geographies with a focus on North American investors, in <br />line with what is typical in similar transactions," the statement said. <br />The U.S. government will not become involved with the decisions about how many shares are allocated to specific <br />investors, it said.MarkWhttps://www.blogger.com/profile/10115276845896649502noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-26312530776108165962010-09-17T16:32:54.968-07:002010-09-17T16:32:54.968-07:00And Louie peep-doodle is missing, Mr. Fox must'...And Louie peep-doodle is missing, Mr. Fox must've revisited today while Poncho and I were out.Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-13304917106266314082010-09-17T16:04:30.812-07:002010-09-17T16:04:30.812-07:00CADC - Mt stinky was hit, doubling my position. N...CADC - Mt stinky was hit, doubling my position. Now let's see if I've got the nads to stick with it...Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-81982440604419836462010-09-17T15:23:59.632-07:002010-09-17T15:23:59.632-07:00David - I haven't sold yet so all of these gai...David - I haven't sold yet so all of these gains are merely unrealized ones. Today's volume gives me some pause but I have to think that India related stocks are going to continue higher. There's a lot of demand for them from US investors and there are only a handful of them from what I can gather (like IBN, TTM, CTSH, INFY, SIFY, NTWK) so REDF may be more a function of that demand than underlying fundamental changes. We'll see.teamonfuegonoreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-73728674442176016112010-09-17T14:24:22.484-07:002010-09-17T14:24:22.484-07:00TOF's decision to add more REDF at $3.84 has a...TOF's decision to add more REDF at $3.84 has already paid off big, as REDF closed at $4.09. All the bets we are making now are peanuts in comparison to the bet TOF has made on REDF, which has probably doubled his portfolio in 2010 already... Way to go!!!Davidhttps://www.blogger.com/profile/01511765703071689959noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-15181245513535827892010-09-17T13:19:38.975-07:002010-09-17T13:19:38.975-07:00tof- We can say anything we want, but in the end i...tof- We can say anything we want, but in the end it comes down to what we actually bought and sold. I'm sure your decision to add to REDF was far from 'dumb-' it was the result of your collective experience in trading. Best of luck- those are the kinds of calls to make when you're young, and they can certainly pay off big.2nd_avehttps://www.blogger.com/profile/11891113186978672464noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-73859091887458676392010-09-17T12:31:30.546-07:002010-09-17T12:31:30.546-07:00probably dumb but rather than sell REDF i bought e...probably dumb but rather than sell REDF i bought even more at $3.84.<br /><br />I also bought more C October $4 calls at $.11. <br /><br />I'm closing my longs in the SPY and MDY index and moving those to cash at the close so as to offset the additional risk I took on with my above buys.teamonfuegonoreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-54045373995822270592010-09-17T12:17:31.786-07:002010-09-17T12:17:31.786-07:00Thanks David! That might cover it :)
CLNE- Simply...Thanks David! That might cover it :)<br /><br />CLNE- Simply a technical trade today?MarkWhttps://www.blogger.com/profile/10115276845896649502noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-82060551357495155252010-09-17T12:14:51.367-07:002010-09-17T12:14:51.367-07:00Just sold at $4.70 the 500 shares of SD I purchase...Just sold at $4.70 the 500 shares of SD I purchased at $4.20, so as to book a $250 profit and have some cash to pay for Mark's expensive appetizers and drinks on Saturday. :) Or to fund my SWN puts, if they are assigned to me in December at $28...Davidhttps://www.blogger.com/profile/01511765703071689959noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-54693338154134787192010-09-17T12:12:53.943-07:002010-09-17T12:12:53.943-07:00PAL...Holly cow, it got right up to it's offer...PAL...Holly cow, it got right up to it's offering price. Wonder if that might put a lid on it?MarkWhttps://www.blogger.com/profile/10115276845896649502noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-78483047773666704062010-09-17T12:10:46.618-07:002010-09-17T12:10:46.618-07:00TLT bounced nicely of the PP. This might get diffi...TLT bounced nicely of the PP. This might get difficult into the close.MarkWhttps://www.blogger.com/profile/10115276845896649502noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-55340815413533888912010-09-17T12:09:22.553-07:002010-09-17T12:09:22.553-07:00The one thing to keep in mind about HEK, other tha...The one thing to keep in mind about HEK, other than it keeps going down :) The warrants expire next Nov. with exercise prices that average about 7.00. Once those 40M warrants are clearly off the table, I want to be in.MarkWhttps://www.blogger.com/profile/10115276845896649502noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-79654824109944062192010-09-17T12:03:08.713-07:002010-09-17T12:03:08.713-07:00Pulled HEK bid..Every time it ticks up a penny, th...Pulled HEK bid..Every time it ticks up a penny, the ask comes back strong.MarkWhttps://www.blogger.com/profile/10115276845896649502noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-34877370261170357022010-09-17T11:59:35.983-07:002010-09-17T11:59:35.983-07:00All right, I just sold 5 December $28 puts on SWN ...All right, I just sold 5 December $28 puts on SWN for $1.01 -- judging from the 2-year chart, buying SWN at $27 would be a real bargain (or pocketing $500 by December, which is also not bad).Davidhttps://www.blogger.com/profile/01511765703071689959noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-26846938600733704682010-09-17T11:57:38.301-07:002010-09-17T11:57:38.301-07:00Bidding HEK @ 3.67. There is a little support here...Bidding HEK @ 3.67. There is a little support here on the VWAP. If it doesn't hold....it's 3.53 then 3.31.MarkWhttps://www.blogger.com/profile/10115276845896649502noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-36159489757585154492010-09-17T11:55:55.828-07:002010-09-17T11:55:55.828-07:00Played TZA twice, both profitable, for a total of ...Played TZA twice, both profitable, for a total of $480 net. Missed the panic/excitement, though, while I was fixing/eating lunch.<br /><br />Saw UCO dropping earlier, but didn't see the bottom till too late to play it.cheapybobhttps://www.blogger.com/profile/08720367580095655196noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-2157327645380216472010-09-17T11:53:22.811-07:002010-09-17T11:53:22.811-07:00David- Nothings changed @ HEK. I'm sure it'...David- Nothings changed @ HEK. I'm sure it's all got to do with the EPA making a fuss over frac water. MOG is pleased with who is running the show and doing most of the research...Think of a big school in Texas he is a chair of :). He had some really funny stuff to say that I can't repeat, but he is NOT worried about it at all. Regulation will stay at the local level, trust me...or MOG I suppose.MarkWhttps://www.blogger.com/profile/10115276845896649502noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-23613185104521970882010-09-17T11:48:35.906-07:002010-09-17T11:48:35.906-07:00CP- Your stinky on CADC had to have hit!!!CP- Your stinky on CADC had to have hit!!!MarkWhttps://www.blogger.com/profile/10115276845896649502noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-32113200520624881182010-09-17T11:47:40.444-07:002010-09-17T11:47:40.444-07:00Mark, my projection for $3.50 on HEK is a simple n...Mark, my projection for $3.50 on HEK is a simple naked-eye extrapolation of the line connecting its recent lows. Since those lines are never completely straight, I would say at $3.70 now the chances of a rebound, at least until the upper trend line at $4, are already pretty decent. <br /><br />What do you think is causing this recent slide in HEK? Has anything changed in their long-term prospects?Davidhttps://www.blogger.com/profile/01511765703071689959noreply@blogger.com