This time metals/miners continue to sink with a strengthening dollar, but commodities and stock prices go up. Call it confidence in a recovering US economy.
The recent intraday selloffs work off a lot of negative sentiment, IMO. Even today's intraday selloff was helpful from a sentiment standpoint. I think stocks like CSCO/INTC/WFC (less so for AA/GE) have been transferred into progressively stronger hands to the point where downside is very limited.
"CSCO - I wouldn't hesitate to take a position there if I knew the US military were their largest customer."
Neither would I. Unfortunately, I already have a position and I see one reason CSCO bleeds is reduced sales from state and local. Hey, they can't print money.
INTC/CSCO/DELL - I am the proud owner of a new Dell 17" laptop with Intel inside (core i5 supercharged). It is my second computer but may become my first. Great stuff on board and I connected it with Cisco Linksys Wi-Fi. This old guy is satisfied except Windows 7 and Internet Explorer 9 are a learning experience that this Chrome user could have done without. I may go with Chrome Browser again but I am giving MSFT a chance. Reading that Cisco may dump Linksys like they did Pure Digital video. They should have stuck to their core biz rather than a zillion small acquisitions over the years.
(a) IMO, 'tablet fatigue' has already set in. Consumers are beginning to realize there are reasons for owning a laptop/PC. (b) INTC has recently revealed R&D into '3D' chips, which may help them leapfrog their way into smartphones. (c) How much higher can they bid AAPL/GOOG? (d) I'm not looking for +30% in a week. I'm looking for a solid/sustainable +10-15%/year.
I agree with all points a - d. INTC is a buy but would be better buy under 20. Really got hit in 08/09 down to below $12. Same with Dell. Cisco got hit big too but is now closer than the others to their lows.
BTW, I don't consider Dell in the same technology class as the others. But it is a great logistics/sales company for branded tech stuff.
Ha! One of our old fab jokes for working late into the night and through weekends resolving production issues in the lithographic area was that Intel needed the machine up and running so they could continue printing money!
GNK - all those green price/whatever ratios cant hide that this company has a tremendous amount of debt and does not have the ROA to cover it, unless you want to consider the likelihood that the debt will be repaid in funny money which is a good possibility.
GNK - I have no intent to get into that one, I'm just watching it out of curiosity. The chart seems to indicate it has possibility but the fundamentals absolutely suck. My deep belief is that in the end fundamentals always prevail and if the chart agrees, that makes for 20-20 perception.
Fukushima - Unsubstantiated - They're finding pieces of spent fuel rods as far away as two miles from Fukushima Daiichi nuke plant #3, when it blew up its spent fuel pit -- & lots of plutonium dust in the ground. Looks like a cover-up is in progress to keep people from knowing?
"In 2010 India consumed about 2,800 tonnes of silver, this year’s consumption is expected to rise to 5,000 tonnes, according to Albanian Minerals trading experts"
Cara maintains that demand isn't there, right? Somebody's either talking out of their ass or they're lying, which is it and who?
SCCO - Another metals stock that's been in a multi month downtrend, not just a weekly phenomenon. Forward PE under 10 and volume has been trending up the last four weeks, accumulation or going back to $25?
This time metals/miners continue to sink with a strengthening dollar, but commodities and stock prices go up. Call it confidence in a recovering US economy.
ReplyDeleteI'm going to stick with SPX 1400/SLV 25 by the end of May.
ReplyDelete"Thompson Creek Metals beats by $0.06"
ReplyDeleteHAYN - Closed up 12% today, as well...
Who's using up all this metal, must be the US military?
CSCO - I wouldn't hesitate to take a position there if I knew the US military were their largest customer.
I've heard enough crazy stories about silver to gag a Trojan horse, including one that claims there are 100lbs of silver in every US missile....
GS - Hey, if GS hit the commodities nail on the head, why isn't their stock shooting up to the moon????
ReplyDeletePMI - Down only 15% this week...!!!
ReplyDeleteThe recent intraday selloffs work off a lot of negative sentiment, IMO. Even today's intraday selloff was helpful from a sentiment standpoint. I think stocks like CSCO/INTC/WFC (less so for AA/GE) have been transferred into progressively stronger hands to the point where downside is very limited.
ReplyDelete"CSCO - I wouldn't hesitate to take a position there if I knew the US military were their largest customer."
ReplyDeleteNeither would I. Unfortunately, I already have a position and I see one reason CSCO bleeds is reduced sales from state and local. Hey, they can't print money.
illini- Can you think of one reason why CSCO would spike up on next week's earnings? Neither can I. But that's exactly when these things happen.
ReplyDeleteLook back at INTC the past 2 weeks. Was there really any news to explain the move?
ReplyDeleteINTC/CSCO/DELL - I am the proud owner of a new Dell 17" laptop with Intel inside (core i5 supercharged). It is my second computer but may become my first. Great stuff on board and I connected it with Cisco Linksys Wi-Fi. This old guy is satisfied except Windows 7 and Internet Explorer 9 are a learning experience that this Chrome user could have done without. I may go with Chrome Browser again but I am giving MSFT a chance. Reading that Cisco may dump Linksys like they did Pure Digital video. They should have stuck to their core biz rather than a zillion small acquisitions over the years.
ReplyDeleteillini-
ReplyDelete(a) IMO, 'tablet fatigue' has already set in. Consumers are beginning to realize there are reasons for owning a laptop/PC.
(b) INTC has recently revealed R&D into '3D' chips, which may help them leapfrog their way into smartphones.
(c) How much higher can they bid AAPL/GOOG?
(d) I'm not looking for +30% in a week. I'm looking for a solid/sustainable +10-15%/year.
I agree with all points a - d. INTC is a buy but would be better buy under 20. Really got hit in 08/09 down to below $12. Same with Dell. Cisco got hit big too but is now closer than the others to their lows.
ReplyDeleteBTW, I don't consider Dell in the same technology class as the others. But it is a great logistics/sales company for branded tech stuff.
GNK - Bang! And look at those open gaps on the way down...
ReplyDelete"Hey, they can't print money."
ReplyDeleteHa! One of our old fab jokes for working late into the night and through weekends resolving production issues in the lithographic area was that Intel needed the machine up and running so they could continue printing money!
"I'm not looking for +30% in a week. I'm looking for a solid/sustainable +10-15%/year."
ReplyDeleteJudging by the way prices have been moving, I think you'll have more luck hitting the fat pitch out of the park.
One last question: Is Osama still dead?
ReplyDeleteGNK - all those green price/whatever ratios cant hide that this company has a tremendous amount of debt and does not have the ROA to cover it, unless you want to consider the likelihood that the debt will be repaid in funny money which is a good possibility.
ReplyDeleteGNK - I have no intent to get into that one, I'm just watching it out of curiosity. The chart seems to indicate it has possibility but the fundamentals absolutely suck. My deep belief is that in the end fundamentals always prevail and if the chart agrees, that makes for 20-20 perception.
ReplyDeleteSpeaking of transportation, doesn't IYT seem to indicate that business activity and consumerism is alive and well?
ReplyDeleteYet our economy doesn't need commodities and there's no reason for rising prices... Something doesn't add up?
YRCW - lost 33% this week.
ReplyDeleteFTWR - lost 25%, down 16% today alone.
Maybe next week Obama will deliver to Gadaffi a notice to vacate via Navy Seal?
ReplyDeleteFukushima - Unsubstantiated - They're finding pieces of spent fuel rods as far away as two miles from Fukushima Daiichi nuke plant #3, when it blew up its spent fuel pit -- & lots of plutonium dust in the ground. Looks like a cover-up is in progress to keep people from knowing?
ReplyDeleteI thought we have not heard much on Fuku lately and with that I am hitting the sack, with nightmares no doubt.
ReplyDeleteCopper - H&S pattern in copper with head on April 8th.
ReplyDeleteZSL - A 70% gain there this week...
ReplyDeleteWould someone explain to me why if Europe wants to fight inflation they wouldn't want their currency to rise?
ReplyDeletePUDA - Another Chinese stock halted, huh? It's been a month, but I'm just discovering it now.
ReplyDeleteTells you how little attention I'm paying to Chinese stocks these days...
GRMN - Hasn't been doing too badly.
ReplyDeletePUDA - Wow...I remember trading that one a year or so ago
ReplyDeleteRep. Hank Johnson (D-Ga.) is afraid that the U.S. Territory of Guam is going to "tip over and capsize" due to overpopulation.
ReplyDeleteJohnson expressed his worries during a House Armed Services Committee hearing on the defense budget Thursday.
"In 2010 India consumed about 2,800 tonnes of silver, this year’s consumption is expected to rise to 5,000 tonnes, according to Albanian Minerals trading experts"
ReplyDeleteCara maintains that demand isn't there, right?
Somebody's either talking out of their ass or they're lying, which is it and who?
http://www.prlog.org/11466799-silver-demand-in-china-and-india-is-set-to-rise-30-percent-in-2011.html
NSC - Well, perhaps the transportation sector did eran some profit last quarter...
ReplyDeleteSCCO - Another metals stock that's been in a multi month downtrend, not just a weekly phenomenon. Forward PE under 10 and volume has been trending up the last four weeks, accumulation or going back to $25?
ReplyDelete