Petronas (Malaysia's state-owned energy company) buying Canadian energy company Progress Energy for a 77% premium, mainly to get at huge nat gas assets with plans for export through LNG.
I think you will see more of these strategic buyers grabbing cheap nat gas assets helping push up prices.
This is EXACTLY what I expected in FSLR. It needed another pullback to get the weak longs out and suck in more shorts. Plus options expire tomorrow and they need to screw as many of those holders over as possible.
A few more days under the 50 DMA to build up momentum and this sucker will skyrocket. I'll be adding to my position as soon as I figure out when to sell my REDF.
Well I sold all of my REDF at $3.9 to $4.1 this morning. Not as great of an exit as I would have hoped for but I want to get some more FSLR down around $14.5 if possible.
Also worth noting that $USD is much higher now than in mid-May, and SLV *just* made a new low today... This shows a relative strength in the PM sector to $USD, in addition to the relative strength of miners relative to gold/silver noted above.
Dollar headed for 83.56? Seems like it. Americans like cheap gasoline but how do you create jobs and crush commodities simultaneously? Increased oil production might be the ticket, but if oil production really is up and we're not just experiencing demand destruction(perhaps both are happening?) then why did we have $100+ oil last summer?
Apparently UBS thinks it's worth more, maybe they've actually been dumping? Others rate RIMM either neutral or hold, Standard and Poors rates it sell from last December:
Does Twiggs have it wrong?
ReplyDeletehttp://www.incrediblecharts.com/tradingdiary/trading_diary.php
My definition of a 'bear trap' is the exact opposite of his.
http://www.investopedia.com/terms/b/beartrap.asp#axzz1z2Sqq800
Merkel looks like she has balls!
ReplyDeleteShe has the balls to have balls.
DeleteEven her balls have balls?!?!?
DeleteCountdown T-7 days...
ReplyDeleteThe July 4th beer fest?
DeleteKitchen is finished!
DeleteCongrats Mark - that'll be nice!
DeleteThe finishing on these big jobs I find to be the most painful.
Nasty trick yesterday, bull trap?
ReplyDeleteCNBC- Interesting...report that Natty fired electrical generation equal to coal. First time since 1973. I say it goes to much much higher.
ReplyDeleteDUST - This one might just kick up some sand? I wasn't impressed by the brief test of $50.25 yesterday, seemed weak.
ReplyDeleteOBV looks good though.
PBR - This one has a gap down from ~$19.20 that needs filling.
Petronas (Malaysia's state-owned energy company) buying Canadian energy company Progress Energy for a 77% premium, mainly to get at huge nat gas assets with plans for export through LNG.
ReplyDeleteI think you will see more of these strategic buyers grabbing cheap nat gas assets helping push up prices.
PAL - Note that OBV has been holding up really well despite the price discount.
ReplyDeleteREDF - Another one that has a good looking OBV
ReplyDeleteThis is EXACTLY what I expected in FSLR. It needed another pullback to get the weak longs out and suck in more shorts. Plus options expire tomorrow and they need to screw as many of those holders over as possible.
ReplyDeleteA few more days under the 50 DMA to build up momentum and this sucker will skyrocket. I'll be adding to my position as soon as I figure out when to sell my REDF.
This is just a tantrum for the SCOTUS upholding Obamacare. It too shall pass.
ReplyDeleteTantrum reinforces vector of big blue arrow, no?
DeleteFor a while. Then the anger subsides and greed takes over.
DeleteGE - Still within a gnat's ass of $20...
ReplyDeleteDouble top though, I bet it doesn't break out.
DeleteGL ladies with balls. ATC.
ReplyDeleteSo now that the cost of doing business in the US was just confirmed higher, why doesn't gold run?
ReplyDeleteSLV is at a new low now, but GDXJ and especially AUMN and MUX are much higher than their mid-May low. This is supposed to be a positive sign...
ReplyDeleteWell I sold all of my REDF at $3.9 to $4.1 this morning. Not as great of an exit as I would have hoped for but I want to get some more FSLR down around $14.5 if possible.
ReplyDeleteAlso worth noting that $USD is much higher now than in mid-May, and SLV *just* made a new low today... This shows a relative strength in the PM sector to $USD, in addition to the relative strength of miners relative to gold/silver noted above.
ReplyDeleteQQQ @ 61.89...
ReplyDeleteAdded more FSLR at $14.68
ReplyDeleteAdded more FSLR at $14.72
ReplyDeletePAL - In at $2 and out at $1.98, the bid kept getting hit.
ReplyDeletePicked up a few k shares of CHTP only for a trade.
ReplyDeletePicked up a little more FSLR at $14.68
ReplyDeleteAlright added last bit of FSLR here at $14.56
ReplyDeleteDollar headed for 83.56? Seems like it. Americans like cheap gasoline but how do you create jobs and crush commodities simultaneously? Increased oil production might be the ticket, but if oil production really is up and we're not just experiencing demand destruction(perhaps both are happening?) then why did we have $100+ oil last summer?
ReplyDeletePAL - The bid is growing in size, no longer shrinking. Looks like bids are just stacking up and not getting filled...
ReplyDeleteEWRL - Taking the second half off here...
ReplyDeleteeh - sold those CHTP shares at a small loss at $1.43. that was clearly one of those "bored" trades.
ReplyDeleteAdded to QQQ @ 61.71, opened BAC @ 7.61, and will reopen OAKMX at the close. Mommy and Daddy are standing by in Germany and France, IMO.
ReplyDeleteREDF - Sure looks as if it's ready to move up, LOL
ReplyDeleteRIMM - On sale in AH....
ReplyDeleteApparently UBS thinks it's worth more, maybe they've actually been dumping? Others rate RIMM either neutral or hold, Standard and Poors rates it sell from last December:
Delete"07-Jun-12 Reiterated UBS Neutral $15 → $11.50"
F - Down in AH, maybe bad news?
ReplyDeleteNKE better stop their CC soon.
ReplyDeleteNKE - Off the cliff in AH
ReplyDeletenew post
ReplyDelete