Don't recall Vinod's trades, maybe 2nd could fill in that blank. Sharkie was following PAL, and hopes were high until they diverted capital raised for developing the palladium LDI mine in search of gold properties. Wonder if they new something about the palladium mine they didn't want shareholders to know?
bot some LUV today at 14.23 with a stop at 13.71. Let er rip I say. I was at a seminar today. Turns out that it's easier for me to watch the market on my iphone at a seminar than it is at work.
Why can't I keep YCS on my radar? Maybe I should just buy some and sell covered calls.
Let me know if this chart shows up. Most of the time I shorten the URL but I left this one alone. I like this better anyway because you can see the ticker in the link.
With this chart, I would wait for YCS to pull back and then buy after an up day. And I would use "a smidge less" than the recent pullback as a stop. I'm just frustrated because I've mentioned YCS before a couple of times then I forget to look at it.
Well what do you know? I own 3 miners right now and all of them look like great shorts. Just kiddin. I like to fool myself and not look at some of these smaller position long term INVESTMENTS.
t3 - I meant to get back to you about the bear porn from Carter Worth. Pls send to Mark so he can forward it on. Always interested in hearing all sides. I can't shake the feeling we're setting up for a pullback. The garden variety kind is what everyone is expecting. My best guess is a rip to 1,700-1,750, drop to 1,550 then sideways for 6 to 9 months, then drop to 1,300-1,350 to start a new bull market.
He has been very cautious for at least five weeks now. Good comparisons from the past which I think you will appreciate regardless of whether you agree with his thoughts.
Might see some action in GMO tomorrow on news. Nothing new I suppose, but please get me out of this compressed channel one way or another...and I'm affraid it will be 'another'.
after running my scan for shorts all i can come up with are EC and INFI. INFI just bounced off its 250 day and there seem to be multiple levels of support underneath so it's probably a no go.
EC, a bit more interesting, at least on the chart. If I do short it I'll do it with a half position just to test my theory.
BB, regarding AIG, I'm strictly looking at technicals for a trade and I've been using hard stops on all of these trades I take. I wish I had a way to incorporate IBD's SmartSelect rating into some of my screens though.
Zanger turned $11,000 into $18 mill in about 1.5 yrs. It can be done. We can do it too.
My guess is his margin account bordered on insanity. I would be quite content with a measly $5 mill as long as I just plan on visiting, not living in the northwest. I have a bad habit of wanting to spend money when I'm not at work.
http://www.chartpattern.com/about_dan.html
"Hello stock fans my name is Daniel J. Zanger and I'm a technical stock analyst and I focus on the most explosive stocks in the stock market today. I do an evening newsletter three times a week for active traders and proactive investors focusing on these stocks for long positions and when appropriate, for shorting.
I'm also the world record holder for the largest percent change for a personal portfolio for a 12 month period of time and an 18 month period of time in the history of the stock market. So far I've had the first twelve months of this incredible record audited by a firm that specializes in auditing professional money managers. For one year the record is 29,233% using margin on high flying Internet stocks during the market bubble from 1998 through 2000. Read the audit "Effron" using the link at the bottom of this page."
Gold/silver hit 1368/22.06 in the London spot market. Sure, I know the Wizard sees +85% upside on SLW from here. But it's just a WAG, not unlike gold/silver 5000/100.
The overnight weakness may appear ominous, but IMO it’s a bullish development. It flushes out the Nervous Nellies and creates a solid floor from which prices are able to launch. I will say up front I could be completely wrong.
Have a great trip! Congrats on getting the kids through school. Yeah, I guess I'm lucky about the sports. I honestly don't think I could ever do the dance/drama/music stuff.
Busy morning. Bought the opening drop in GDX @ 26.9x, and sold all positions (including the one opened yesterday @ 27.9x) @ 27.8x. Also offed the GDXJ opened yesterday around 11.2x @ 11.1x. ----in' A!
"For one year the record is 29,233% using margin on high flying Internet stocks during the market bubble from 1998 through 2000. Read the audit "Effron" using the link at the bottom of this page."
Oh I see..he did it in the internet bubble with margin...makes sense. Wonder how much he lost in the ensuing crash. We'll probably never hear that story. Either way, very impressive indeed.
Freaking internet connection sucks today. On tech support for past hour. Did do a few trades on cell phone. Sold NOK at $3.74 and moved that into CECO at $2.79 to $2.82
GGB - Okay, headed back down again. Whew, I was becoming concerned the financial sector rally might roll over in favor of manufacturing, hard assets, and such.
A vivid and paranoid imagination is a terrible thing to waste...
Brandt's eurodollar...
If he's right, does this mean eurobanks are about to be forced to raise capital? I have no earthly idea what the impact of an eurodollar swoon on the 2017 contract might be, just a wild guess this may connect somehow with Obama's announcement during the recent SOTU concerning a free trade sgreement and grapevine conversation such as:
"an US/Europe free trade agreement will require aligning international banking standards", this kinda sticks out:
Wikipedia eurodollar:
"One of the biggest reasons the eurodollar market is popular is that eurodollar deposits are not subject to American banking regulations. Because the deposits are outside of the United States, the banks holding these deposits do not have to adhere to the Federal Reserve's reserve requirements, and the Securities and Exchange Commission does not regulate eurodollar securities."
So maybe eurobanks is the wrong place to be among perhaps other places, in the case eurobanks are going to be forced to raise capital?
Spot gold has recovered to 1388, spot silver now+1% to 22.79. GDX is treading water @ +0.6%, so RYPMX (which I plan to close end of day) will likely end up some fraction of 1%. I was able to separately lock in a +0.8% gain for the portfolio buying pre-market weakness and selling into relative strength!
I thought seriously about holding RYPMX an additional day, as this morning’s selloff likely represented short-term selling exhaustion. On the other hand, I just don’t trust the miners! The morning plunge in gold was ‘bullish,’ but the fact that miners were only able to mount a weak rally in response is indeed ominous (ie, shorts apparently did not feel compelled to close on the London drop). So I’ll take the fractional percentage gain at the risk of being left behind on Friday.
Interestingly, although gold prices have been weak, the demand for bullion has been quite strong: http://www.marketwatch.com/story/physical-gold-demand-shines-in-first-quarter-wgc-2013-05-16?Link=obinsite
AMAT - Hard for me to believe any dinky LED CVD capital equipment manufacturer(such as CVV/VECO) can compete with likes of AMAT and the rest of the silicon valley equipment manufacturers.
I filled in a pool once, but it wasn't a gunite pool, it was just a vinyl liner which I removed and then used a little bob cat loader to do the backfill of sandy loam. Surprisingly, it didn't sink and settle, that I know of.
Most localities have requirements for pool removal, I'd think. I'd be tempted to just break up the concrete and dump it in the bottom but that might not be how it's done in your county.
Mark- We're going ahead with filling in our pool. Our city does not require a soil engineer, and the company that's doing the work is saying they will complete the job the same way whether or not a soil engineer is consulted. It's about 1k for an engineer to analyze the site. Do you think it's worth hiring one for peace of mind, or do you think it's a waste of money?
Your on a relatively flat lot correct? If so, don't bother with the engineer. I can't remember what you want to do on top of it, but if it's hardscape I'd still wait a year.
Sold the last of my Jan 14 SPY calls. I'll be looking to reload on a pullback. No other trades. It's probably a good thing too cuz I would have bought EOG and AIG the other day and now prices are right back at my entry points. My LUV is breakeven at the moment.
I think I may still treat AIG as a breakout if it trades above 46.50 soon, otherwise no trade.
I had EC as a better short than INFI and look at that action. I'm still watching EC for a short entry.
PAL looks like a loser. Wasn't Vinod into this a few years ago.
ReplyDeleteDon't recall Vinod's trades, maybe 2nd could fill in that blank. Sharkie was following PAL, and hopes were high until they diverted capital raised for developing the palladium LDI mine in search of gold properties. Wonder if they new something about the palladium mine they didn't want shareholders to know?
Deleteevening gents,
ReplyDeletebot some LUV today at 14.23 with a stop at 13.71. Let er rip I say. I was at a seminar today. Turns out that it's easier for me to watch the market on my iphone at a seminar than it is at work.
Why can't I keep YCS on my radar? Maybe I should just buy some and sell covered calls.
I picked up on YCS tonight because I was using Landry's 102030 MA to scan for some shorts and THE BEST LOOKING short trend out there is FXY.
DeleteI'm not too keen on shorting but if something looks sick in this tape there might be some gogo juice in it if the market does pull back.
going long the yen here? i mean i like the trade but it's a little long in the tooth no?
DeleteLet me know if this chart shows up. Most of the time I shorten the URL but I left this one alone. I like this better anyway because you can see the ticker in the link.
DeleteWith this chart, I would wait for YCS to pull back and then buy after an up day. And I would use "a smidge less" than the recent pullback as a stop. I'm just frustrated because I've mentioned YCS before a couple of times then I forget to look at it.
http://stockcharts.com/h-sc/ui?s=YCS&p=D&b=5&g=0&id=p91398270273
ahh, and I'm guessing you meant short yen.
Deleteyeah sorry i keep thinking of the USD/JPY. extended but i guess it could get more extended.
DeleteWell what do you know? I own 3 miners right now and all of them look like great shorts. Just kiddin. I like to fool myself and not look at some of these smaller position long term INVESTMENTS.
ReplyDeletet3 - I meant to get back to you about the bear porn from Carter Worth. Pls send to Mark so he can forward it on. Always interested in hearing all sides. I can't shake the feeling we're setting up for a pullback. The garden variety kind is what everyone is expecting. My best guess is a rip to 1,700-1,750, drop to 1,550 then sideways for 6 to 9 months, then drop to 1,300-1,350 to start a new bull market.
ReplyDeleteOk sent to Mark just now.
DeleteHe has been very cautious for at least five weeks now. Good comparisons from the past which I think you will appreciate regardless of whether you agree with his thoughts.
Done.
DeleteJust rolled in...literally. Man, this day jobs is killing me.
ReplyDeleteMight see some action in GMO tomorrow on news. Nothing new I suppose, but please get me out of this compressed channel one way or another...and I'm affraid it will be 'another'.
ReplyDeleteafter running my scan for shorts all i can come up with are EC and INFI. INFI just bounced off its 250 day and there seem to be multiple levels of support underneath so it's probably a no go.
ReplyDeleteEC, a bit more interesting, at least on the chart. If I do short it I'll do it with a half position just to test my theory.
Here's a chart of EC, if it works.
http://stockcharts.com/h-sc/ui?s=EC&p=D&b=5&g=0&id=p95883256560&a=302838346
no longs on the watch list tonight.
ReplyDeleteBB, regarding AIG, I'm strictly looking at technicals for a trade and I've been using hard stops on all of these trades I take. I wish I had a way to incorporate IBD's SmartSelect rating into some of my screens though.
Zanger turned $11,000 into $18 mill in about 1.5 yrs. It can be done. We can do it too.
wow that's quite a move.
Deletei wonder how much leverage / options he used.
DeleteMy guess is his margin account bordered on insanity. I would be quite content with a measly $5 mill as long as I just plan on visiting, not living in the northwest. I have a bad habit of wanting to spend money when I'm not at work.
Deletehttp://www.chartpattern.com/about_dan.html
"Hello stock fans my name is Daniel J. Zanger and I'm a technical stock analyst and I focus on the most explosive stocks in the stock market today. I do an evening newsletter three times a week for active traders and proactive investors focusing on these stocks for long positions and when appropriate, for shorting.
I'm also the world record holder for the largest percent change for a personal portfolio for a 12 month period of time and an 18 month period of time in the history of the stock market. So far I've had the first twelve months of this incredible record audited by a firm that specializes in auditing professional money managers. For one year the record is 29,233% using margin on high flying Internet stocks during the market bubble from 1998 through 2000. Read the audit "Effron" using the link at the bottom of this page."
Gold/silver hit 1368/22.06 in the London spot market. Sure, I know the Wizard sees +85% upside on SLW from here. But it's just a WAG, not unlike gold/silver 5000/100.
ReplyDeleteThe overnight weakness may appear ominous, but IMO it’s a bullish development. It flushes out the Nervous Nellies and creates a solid floor from which prices are able to launch. I will say up front I could be completely wrong.
DeleteKitchen grease fire, call the FD!
ReplyDeleteDeep frying banana sado's again?
DeleteTurns out Alice's is a grease pit.
DeleteIRS now captainless. Let's party, woooo hooooo!!!! ;)
ReplyDeleteBAC - Dunno, seems to be climbing fast lately.
ReplyDeleteGoing on vacation for a couple of weeks, so will try and stay away from the markets.
ReplyDeleteNot even taking an investment book with me. Downloaded season 3 of Spartacus instead - inspiration for fighting in the markets!
We'll keep an eye on it for ya! ;)
DeleteWhat are you doing? I'm hoping to sneak in a long weekend this summer unrelated to soccer!
DeleteHeading over to Tuscany with my wife. Our kids are all done school now, so no more tuition to pay, so can spend some of that on ourselves!
DeleteYou're lucky you at least get to soccer. I used to have to go to dance competitions all the time.
Have a great trip! Congrats on getting the kids through school. Yeah, I guess I'm lucky about the sports. I honestly don't think I could ever do the dance/drama/music stuff.
DeleteCSCO - Woo-hoooo!!!
ReplyDeleteDUN - Dunder Mifflin going down.
GGB/SID - Just a bounce?
ReplyDeleteBusy morning. Bought the opening drop in GDX @ 26.9x, and sold all positions (including the one opened yesterday @ 27.9x) @ 27.8x. Also offed the GDXJ opened yesterday around 11.2x @ 11.1x. ----in' A!
ReplyDeleteThat leaves me with RYPMX. I just don't like the end-of-day crap.
DeleteSounds like maybe you came out ahead, which amazes me. Tip O' the hat! ;)
DeleteFNMA - Chasers getting the hose.
ReplyDelete"For one year the record is 29,233% using margin on high flying Internet stocks during the market bubble from 1998 through 2000. Read the audit "Effron" using the link at the bottom of this page."
ReplyDeleteOh I see..he did it in the internet bubble with margin...makes sense. Wonder how much he lost in the ensuing crash. We'll probably never hear that story. Either way, very impressive indeed.
Wow, I'm gonna sign up for that newsletter!
DeleteI think this is a consolidation day for CECO before it ramps. Still can't believe it's trading at a 40% discount to its net cash balance.
ReplyDeleteAgreed, I'm preparing to pounce on it if profit taking kicks in to form a handle.
DeleteIt Don't Mean A Thing, If It Ain't Got That Go-Go Swing:
ReplyDeletehttp://www.youtube.com/watch?v=r-fZwK-vDyU
AAPL - Is May just a bounce? The target was $330, I think someone said, right?
ReplyDeleteFreaking internet connection sucks today. On tech support for past hour. Did do a few trades on cell phone. Sold NOK at $3.74 and moved that into CECO at $2.79 to $2.82
ReplyDeleteCECO - Ha, maybe the market's been waiting for that insider to run out of shares?
Deleteholy shit. look at the dry bulk stocks.
ReplyDeleteBought 2000 CECO at 2.87
ReplyDeleteNice man. I added quite a bit at $2.79 to $2.85. Increased my stake about 50%.
Deletewould like another 2k shares at some point.
DeleteREDF - The event has begun?
ReplyDeleteSTILL LOW VOL. Only 50 K traded last I looked
Deletemissed a couple buys on it this AM
DeleteNow 250k. Yesterday low vol was a buy signal.
Deleteseriously i think it might have been. ive seen those low vol days so many times right before liftoff.
DeleteYeah, I'm not sure if the customary 20% collapse event just prior to the giant flag pole higher has happened. Setting up chasers for the real entry?
DeleteDRYS up 11%, what happened, did CNBC pump or something?
ReplyDeleteLook to the old momo stocks for potential movers...ESPECIALLY if they're now in the unloved or forgotten category.
ReplyDeleterhymes with "...whiff..."
GGB - Okay, headed back down again. Whew, I was becoming concerned the financial sector rally might roll over in favor of manufacturing, hard assets, and such.
ReplyDeleteBrandt has some very strong words concerning eurodollars, but I can't comprehend what the implications for markets might be.
ReplyDeleteI can't ignore Mr. Brandt, but I don't know what his strong words might mean.
NLY - Took this position off at $15.08, not feeling comfortable about it anymore.
ReplyDeleteA vivid and paranoid imagination is a terrible thing to waste...
ReplyDeleteBrandt's eurodollar...
If he's right, does this mean eurobanks are about to be forced to raise capital? I have no earthly idea what the impact of an eurodollar swoon on the 2017 contract might be, just a wild guess this may connect somehow with Obama's announcement during the recent SOTU concerning a free trade sgreement and grapevine conversation such as:
"an US/Europe free trade agreement will require aligning international banking standards", this kinda sticks out:
Wikipedia eurodollar:
"One of the biggest reasons the eurodollar market is popular is that eurodollar deposits are not subject to American banking regulations. Because the deposits are outside of the United States, the banks holding these deposits do not have to adhere to the Federal Reserve's reserve requirements, and the Securities and Exchange Commission does not regulate eurodollar securities."
So maybe eurobanks is the wrong place to be among perhaps other places, in the case eurobanks are going to be forced to raise capital?
that's beyond my pay grade. if you find anything let us know. i'm just waiting for the bar to open up.
Delete1647 is where bears push their luck piling on.
ReplyDeleteGMO - Mark, are you buying again today? $200,000 traded so far, how much of that is yours?
ReplyDelete1660 - This was the IH&S target that popped out on the chart last week, guess that target was hit yesterday.
ReplyDeleteSpot gold has recovered to 1388, spot silver now+1% to 22.79. GDX is treading water @ +0.6%, so RYPMX (which I plan to close end of day) will likely end up some fraction of 1%. I was able to separately lock in a +0.8% gain for the portfolio buying pre-market weakness and selling into relative strength!
ReplyDeleteI thought seriously about holding RYPMX an additional day, as this morning’s selloff likely represented short-term selling exhaustion. On the other hand, I just don’t trust the miners! The morning plunge in gold was ‘bullish,’ but the fact that miners were only able to mount a weak rally in response is indeed ominous (ie, shorts apparently did not feel compelled to close on the London drop). So I’ll take the fractional percentage gain at the risk of being left behind on Friday.
Interestingly, although gold prices have been weak, the demand for bullion has been quite strong:
http://www.marketwatch.com/story/physical-gold-demand-shines-in-first-quarter-wgc-2013-05-16?Link=obinsite
Brandt seems to have tempered his bearish stance.
DeleteLOL, the worst price leader on my screen is the only one I own now, ING....
ReplyDeleteAUMN - Okay, so why is AUMN moving the same direction as GDXJ?
ReplyDeleteAdded more CECO at $2.74/5. Sold the NOK to do it.
ReplyDeleteAMAT - Hard for me to believe any dinky LED CVD capital equipment manufacturer(such as CVV/VECO) can compete with likes of AMAT and the rest of the silicon valley equipment manufacturers.
ReplyDeleteI haven't had AMAT on my watchlist for a year. Incredible.
DeleteI filled in a pool once, but it wasn't a gunite pool, it was just a vinyl liner which I removed and then used a little bob cat loader to do the backfill of sandy loam. Surprisingly, it didn't sink and settle, that I know of.
DeleteMost localities have requirements for pool removal, I'd think. I'd be tempted to just break up the concrete and dump it in the bottom but that might not be how it's done in your county.
Mark- We're going ahead with filling in our pool. Our city does not require a soil engineer, and the company that's doing the work is saying they will complete the job the same way whether or not a soil engineer is consulted. It's about 1k for an engineer to analyze the site. Do you think it's worth hiring one for peace of mind, or do you think it's a waste of money?
ReplyDeleteYour on a relatively flat lot correct? If so, don't bother with the engineer. I can't remember what you want to do on top of it, but if it's hardscape I'd still wait a year.
DeletePBY - Looks like IH&S to me.
ReplyDeleteINFI - Sure proved to be a great short today.
ReplyDeleteevening,
ReplyDeleteSold the last of my Jan 14 SPY calls. I'll be looking to reload on a pullback. No other trades. It's probably a good thing too cuz I would have bought EOG and AIG the other day and now prices are right back at my entry points. My LUV is breakeven at the moment.
I think I may still treat AIG as a breakout if it trades above 46.50 soon, otherwise no trade.
I had EC as a better short than INFI and look at that action. I'm still watching EC for a short entry.
$BSE - Sizable reversals these past few days, wow, wonder how many people were shook out?
ReplyDeletenew post
ReplyDelete