Tuesday, September 18, 2012

9/18/19 The Untrade is back

It's the uncool trade, the unbuttoned/undone/unreal/Captain blue-sharks Underwear trade. Go long. No reason(s), no worries. Just win, baby.

57 comments:

  1. If I were managing a fund, I'd be thinking Q3 paycheck.

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    1. 'Sell the losers, ladies. Then light a fire under the winners. Do it.'

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  2. This is what moved NSPH today

    http://www.thestreet.com/story/11702015/1/nanosphere-a-low-risk-high-growth-diagnostic-stock.html

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    1. i saw this earlier...nothing new except a little more exposure. really it could have been anything. the stock was gearing up to move higher. the pullback in all technical metrics was suggesting the downside was limited.

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    2. presentation tomorrow could flare this to $4.

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    3. My suspicion is today had a little something to do with tomorrow's road show.

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  3. 2nd - I think a lot of the catchup will occur in the losers. that's how i'm playing it at least. which one will move more? AAPL or NOK? FDX or YRCW? KFT or DMND? PFE or NSPH?

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  4. Boy those computers sure love whipping prices around...

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  5. If I had any money left, I'd look closely at DAL.

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  6. They're trying to throw off the bulls.

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  7. NSPH - I think it's safe to say that was a bull flag formed this month.

    Now let's see if the momentum can carry through, following a brief resting period...

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  8. added yrcw today at 6.6

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    1. I think it gets to $20 within 6 months. Bullshit right?

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  9. DECK - Just made a new 52wk low this morning.

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    1. that is one of the more volatile stocks out there. My friend bought it at $40 and has watched it go to $50 and back like 3 times.

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    2. Sooner or later it's gonna break out of that channel?

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  10. Feels like battlelines have been drawn here. You either want in on this rally, or you're selling it.

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  11. NSPH - Somehow I doubt this thing's ever going to let me add in the mid $2's

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  12. AUMN - A higher high, while silver hasn't changed much.

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  13. wow. nice turnaround in YRCW.

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  14. Great entry on YRCW, TOF!

    "I think it gets to $20 within 6 months. Bullshit right?"

    That's a claim worthy of AUMN. :) What's up with its 2-year chart in Yahoo? Has it really been 2000 in 2010? If so, what happened to the stock since then???

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    1. David - MAJOR dilution...they basically had to do whatever it took to stay alive.

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    2. Are people thinking that AUMN will follow that route?

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    3. no idea david. i don't follow AUMN. YRCW was losing millions, had huge amounts of debt, had an awful management team in place, and had enormous pension obligations that it was facing and the teamsters were refusing to offer concessions. the only option was to dilute the crap out of the stock. investors have left it for dead, naturally. it trades at a $50 Million mkt cap vs $5 Billion revs. new management team is in place, renegotiated debt, received concessions from teamsters, insiders are buying. investors are still leaving it for dead. i think there's meat still left on the carcass for shareholders.

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  15. My buy limit for 20 more contracts of AUMN April $2.50 calls was not hit this morning at $3.50, so I had to raise it to $3.60 and it got executed this morning. Since last Friday, I have acquired an additional 105 contracts of AUMN April calls, bringing my total exposure to 46K shares (if all my calls are assigned) at the average cost of $8.87.

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  16. Looks like the AUMN rally I induced with my SeekingAlpha article fizzled pretty quickly today. Oh well, I tried. :))

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  17. SCO - Nice!
    UGA - Nice to see gasoline come off finally!

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  18. Gave up on TBT @ 16.49 for a small loss.

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  19. AUMN -- the first wave of selling this morning was probably done by short-term traders who got in at $5.80 and wanted to cash out quickly. Now that these folks got off the train, the next run-up in AUMN should be for real...

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  20. Nice symmetric flag pattern in SLV intraday over the past 2 days. Now watch silver explode higher out of this pattern, taking AUMN with it. Scaling out to a month of intraday data, SLV has a clear staircase pattern, with all lows lying on the same ascending line. We are now touching that line, and hence are due for another leg up.

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  21. Placing a sell limit order at $2.80 for my last MUX calls -- 10 contracts of January 2014 calls I purchased in May at $1.40. MUX had a huge run since then, and I would rather put this money into AUMN calls, which has a greater upside potential at current prices, IMO.

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  22. Replies
    1. NSC that is :)...Blaming a big reduction in demand for shipping silver.

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    2. BBBY misses also, blames slow sales of sliver plated bath trinkets.

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    3. NSC - More than likely coal transport still falling off as China slows and the US switch to NG prods along.

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    4. $62 looks like a reasonable target from here.

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  23. anyone listen to the NSPH presentation? the pdf looks like the same as the June presentation with a few small updates. still calling for 210 placements over next 3 qtrs

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  24. TVIX - Carving out a bottom this week?

    Would I be going out on a limb here by saying that $40B/month might not be enough?

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    1. That's definitely not enough to stimulate the economy and reduce unemployment. However, it should be enough to keep pushing PM prices up every month...

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    2. Yeah, at least it might be enough to put a floor under PM's until end of year. What happens when Congress then kicks the fiscal cliff can once again, is that when PM's resume the parabolic run?

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  25. Replies
    1. Chinese Flash PMI Rises To 2-Month High Of 47.8 - Business Insider

      http://www.businessinsider.com/hsbc-flash-pmi-september-2012-9

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    2. Seems like that would be good news pushing up the futures?

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  26. I think you want to be looking for ways to play the rebound in U.S. housing and WHR is certainly a reasonable way with probably less risk than the actual homebuilders.

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    1. WHR - that's just a nice looking chart. I need a pullback for Landry entry BUT, I'm also looking at the breakouts from a sideways pattern too.

      So for a breakout, and in hindsight as usual, WHR was a buy around 8/31/12 when it traded above 75.19 which was the high on 8/19/12. Just a pause before it started moving on up.

      The fast money guys have a clip on housing and they also mention WHR as a play. Other plays mentioned are HD and WY. I'm going to watch WY for an entry. There's a big wick on the friday candle I don't like but I can see that as part of the reaction and carryover from the Fed stuff on Thursday.

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  27. I messed around and didn't pick up my CZZ or CHL yesterday.

    Bought DSX at 7.25 with a stop at 6.30 and a first sell at 8.25. This is a breakout play that someone mentioned on Buzz. Now that I look at it I'm not so sure I like it but I do have my stop in so I'll let it ride.

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  28. I always get to my computer to late at night to do much. If we get a nice up day, there seem to be a lot of charts that would give buy signals, mostly in the energy sector.

    I'll be watching DVN, WHR, WY

    SEED looks interesting as a long.

    WDC looks like a short.

    Maybe the China number will translate into a positive market tomorrow.

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  29. The Shanghai Composite is totally unimpressed with the PMI and is down 1.4% now...

    Also, strangely enough, people seem to be having second thoughts about future inflation, with expectations declining noticeably so far this week:

    http://www.bloomberg.com/quote/USGGBE05:IND

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  30. As I thought about my AUMN position, it finally occurred to me that my position is too large and it may be wise to start taking profits if AUMN rallies above $7. So I just placed a sell limit at $7 for 1000 shares. When AUMN rises above $7, I'll place a sell stop at $7 for another 1000 shares.

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    1. Smart decision David.

      Having so much of one's wealth in any one stock is very risky, let alone a mining stock which are more prone to problems than most types of businesses.

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