Thursday, December 5, 2013

12/5/13 You've been sold, maybe it's time that you earned

Cheapy has been destroyed. I guess it is my turn for... [#122119] By: c3wands (70 comments) Log in to Reply Go to top ↑ December 4, 2013 at 11:55 pm Cheapy has been destroyed. I guess it is my turn for gotterdammerung. My last and final reserves are committed. If only I had stayed in my index funds and bonds, my future would be secure. Things are SOOOOO bad financially, I really have nothing to... [#122122] By: cheapy (577 comments) Log in to Reply Go to top ↑ December 5, 2013 at 8:24 am Things are SOOOOO bad financially, I really have nothing to say. Every day I say to myself that its so bad, that it can’t possibly get any worse, but it gets worse every day anyway. I'll explain, so you don't get confused. Dude, you were sold a bill of goods. Get off the ----ing couch and trade your way back! There is no other option.
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114 comments:

  1. 2nd_aveDecember 5, 2013 at 4:24 PM

    When the Wendy's lady talks, we need to listen.

    ReplyDelete
    Replies
    1. ChickenpookieDecember 5, 2013 at 4:42 PM

      I guess BC is well paid for his opinions.

      Delete
    2. 2nd_aveDecember 5, 2013 at 4:52 PM

      It's taken time (and a toll on some!) to understand they're just his opinions.

      Delete
    3. ChickenpookieDecember 5, 2013 at 4:55 PM

      I disagree, it seems like someone has been telling him what to write and when.

      Delete
    4. 2nd_aveDecember 5, 2013 at 5:36 PM

      Wouldn't that be a riot, to find out one day we've all been reading comments posted by a fictional character?

      Delete
  2. 2nd_aveDecember 5, 2013 at 4:43 PM

    Opening a small position in JCP @ 8.55.

    ReplyDelete
  3. ChickenpookieDecember 5, 2013 at 4:48 PM

    MDW - Ouch, big day.

    ReplyDelete
  4. ChickenpookieDecember 5, 2013 at 4:53 PM

    Bitcoins barred by Chinese authorities?

    ReplyDelete
  5. MarkWDecember 5, 2013 at 4:57 PM

    When was the last time anyone had a DPZ? And was it better than say 20 years ago?

    ReplyDelete
    Replies
    1. 2nd_aveDecember 5, 2013 at 5:13 PM

      Having spent over 20 years in Ann Arbor, I've had my share of their pizzas. I always thought they were above average. Out here the competition raises the bar, and we tend to order take-out from Toto's or Amici's.

      Delete
    2. 2nd_aveDecember 5, 2013 at 5:15 PM

      btw, I stopped on the way home for a Big Mouth burger this afternoon. Medium rare with just onions and mayo. It hit the spot, man. More so than a steak would have.

      Delete
    3. ChickenpookieDecember 5, 2013 at 5:25 PM

      I like mine fresh, 20yrs is too stale for me.

      Delete
    4. 2nd_aveDecember 5, 2013 at 5:33 PM

      There's another name for the 20-year-old stuff. It's the recycled container used to deliver the fresh ones.

      Delete
  6. ChickenpookieDecember 5, 2013 at 5:13 PM

    France too? "France's central bank issued a warning Thursday: Beware of Bitcoin. ... banned
    its banks from trading in Bitcoin"
    Just after Greenspan says he sees no intrinsic value.

    ReplyDelete
  7. ChickenpookieDecember 5, 2013 at 5:23 PM

    I've decided to start my own currency, called Woulden Nickles.

    ReplyDelete
    Replies
    1. ChickenpookieDecember 5, 2013 at 5:32 PM

      Or, maybe I should call them "Goulden Nickles"?

      Delete
    2. 2nd_aveDecember 5, 2013 at 5:34 PM

      What exactly would we be able to buy with either one?

      Delete
    3. 2nd_aveDecember 5, 2013 at 5:37 PM

      If we're talking about street drugs, then sign me up, bro!

      Delete
    4. ChickenpookieDecember 5, 2013 at 6:25 PM

      You can get anything you want, strictly limited to laundering purposes (Let's call it "Dry Cleaning") starch not included.

      Delete
  8. 2nd_aveDecember 5, 2013 at 5:43 PM

    Speaking of sister blogs, when's the last time any of you visited Slope of Hope?

    ReplyDelete
  9. ChickenpookieDecember 5, 2013 at 5:44 PM

    OPK - Lots of recent insider accumulation?

    ReplyDelete
  10. MarkWDecember 5, 2013 at 6:01 PM

    I actually like Amicis a lot. I'm a thin crust kinda guy...

    ReplyDelete
    Replies
    1. ChickenpookieDecember 5, 2013 at 6:21 PM

      Some of it does tase like it was 20yrs fresh, especially the ones with imitation cheese.

      Delete
  11. ChickenpookieDecember 5, 2013 at 6:43 PM

    UVE - Here's one we overlooked....

    ReplyDelete
  12. ChickenpookieDecember 5, 2013 at 6:56 PM

    IEP - What a chump Icahn is, eh?

    ReplyDelete
  13. AnonymousDecember 6, 2013 at 3:49 AM

    I'm not a huge chart pattern fan, but the best one I know of for potential huge gains is an ascending triangle after a huge base AFTER a huge fall. This is a good example and what got me interested in the dry bulk shippers:

    http://www.bloomberg.com/quote/BDIY:IND/chart

    Use the 5 year chart. Draw a straight line over the 1,150ish area. After a bottoming period from January of 2012 to June 2013, there was an ascending triangle forming where the lows got higher and higher until August 2013. The breakout occurred in September 2013. Typically there is a healthy shakeout period after the breakout and that is a good time to accumulate. You can also try to predict it by buying before the breakout if you notice the lows are getting higher and higher.

    Here is another example:
    Top of triangle around $5: http://stockcharts.com/h-sc/ui?s=CSIQ&p=W&b=5&g=0&id=p39034857264

    Another:
    Top of triangle around $5: http://stockcharts.com/h-sc/ui?s=BITA&p=W&b=5&g=0&id=p71756143145

    Another:
    Top of triangle around $5.5: http://stockcharts.com/h-sc/ui?s=BALT&p=W&b=5&g=0&id=p37780688750

    Another one that is forming:
    http://stockcharts.com/h-sc/ui?s=MY&p=W&b=5&g=0&id=p67040931912

    ReplyDelete
    Replies
    1. ChickenpookieDecember 6, 2013 at 6:17 AM

      Perhaps it's reasonable to use the chart pattern in support of the fundamental analysis, seems human?

      Delete
    2. ChickenpookieDecember 6, 2013 at 6:23 AM

      Already there were shares traded at $5.6, and the current bid is $5.5.....

      Delete
  14. AnonymousDecember 6, 2013 at 6:37 AM

    Long tiny amount of NIHD at $2.53.

    ReplyDelete
  15. MarkWDecember 6, 2013 at 6:44 AM

    JCP- SEC looking into co's liquidity.

    ReplyDelete
    Replies
    1. AnonymousDecember 6, 2013 at 6:53 AM

      This sure as hell looks like a standard initial pullback after a bottom is hit. As long as it holds the lows...

      Delete
    2. MarkWDecember 6, 2013 at 7:07 AM

      I know this wont really make sense, but I have to walk through the local SHLD to get to the AAPL store. There is NEVER anyone in there...and it smells.

      Delete
    3. ChickenpookieDecember 6, 2013 at 9:27 AM

      That smell is like pizza.

      Delete
  16. AnonymousDecember 6, 2013 at 6:56 AM

    Such a chicken pookie...sold NIHD at $2.56.

    ReplyDelete
    Replies
    1. MarkWDecember 6, 2013 at 7:09 AM

      Did you cover your fee's?

      Delete
    2. AnonymousDecember 6, 2013 at 7:10 AM

      ha. yeah...i had 4,000 shares. so lets see...4,000 x $0.03 = $120 - $20 = $100. Drinks?

      Delete
  17. 2nd_aveDecember 6, 2013 at 7:05 AM

    Closed JCP premarket @ 8.65 (honest!).

    ReplyDelete
  18. 2nd_aveDecember 6, 2013 at 7:05 AM

    I could have (would have, should have) bought emerging markets, TLT, or miners on the jobs report reaction and made money.

    ReplyDelete
  19. 2nd_aveDecember 6, 2013 at 7:16 AM

    Goldcorp @ 21.09...

    ReplyDelete
  20. 2nd_aveDecember 6, 2013 at 7:25 AM

    JCP @ 8.37...

    ReplyDelete
    Replies
    1. ChickenpookieDecember 6, 2013 at 8:05 AM

      I can't recall the prices you're jumping in and out but hopefully ur makin' hay.

      Delete
  21. ChickenpookieDecember 6, 2013 at 7:38 AM

    EXTR - Out, took my loss before it got larger.

    ReplyDelete
    Replies
    1. ChickenpookieDecember 6, 2013 at 7:57 AM

      So far, I sold within cents of the bottom, LOL......

      Delete
  22. ChickenpookieDecember 6, 2013 at 7:47 AM

    Federal job loss continues (Shocking!)

    BALT - Okay I'm in @ $5.33

    ReplyDelete
    Replies
    1. AnonymousDecember 6, 2013 at 7:58 AM

      ha that's exactly what i bought at as well...

      Delete
    2. ChickenpookieDecember 6, 2013 at 8:03 AM

      Hmm, maybe I caught the low, hopefully!

      Delete
  23. ChickenpookieDecember 6, 2013 at 8:02 AM

    Oh man, that's a rough reversal....

    ReplyDelete
  24. ChickenpookieDecember 6, 2013 at 8:09 AM

    EXTR - Bastards!

    ReplyDelete
  25. 2nd_aveDecember 6, 2013 at 8:14 AM

    Offed JCP @ 8.32.

    ReplyDelete
  26. AnonymousDecember 6, 2013 at 8:30 AM

    Back in NIHD at $2.57. I know mark...

    ReplyDelete
    Replies
    1. AnonymousDecember 6, 2013 at 8:49 AM

      Sold it at $2.59. Yes I did cover costs...

      Delete
    2. ChickenpookieDecember 6, 2013 at 9:00 AM

      Drinks on TOF tonight guys!, I'll take a couple.

      Delete
    3. AnonymousDecember 6, 2013 at 9:07 AM

      ok i bought back in at $2.61. i should have just held i know...

      Delete
  27. Telestar3dDecember 6, 2013 at 9:13 AM

    This comment has been removed by the author.

    ReplyDelete
  28. Telestar3dDecember 6, 2013 at 9:15 AM

    BALT, sold @ 5.39, will reload

    KOG still watching, but failing at 50 and 20.

    And finally Mandela, what a remarkable human being! He said something like do not judge me on my successes, but on how many times I fell down and got back up.

    If you never saw Invictus, its a great movie.

    ReplyDelete
    Replies
    1. ChickenpookieDecember 6, 2013 at 9:38 AM

      It's the slow-motion bleeding setbacks that seem most painful. Why is it the only way we make money is by buying months ago and selling today?

      Delete
  29. ChickenpookieDecember 6, 2013 at 9:34 AM

    JCP - Interesting the SEC is so proactive.

    ReplyDelete
  30. ChickenpookieDecember 6, 2013 at 9:42 AM

    BSBR - Sure looks oversold to me guys, we're gonna pass on this one?

    ReplyDelete
    Replies
    1. Telestar3dDecember 6, 2013 at 10:22 AM

      Been looking at BSBR, BRF and EWZ (long and should add) all day. They all look good right here imo.

      Delete
    2. Telestar3dDecember 6, 2013 at 10:51 AM

      SID, too

      Delete
  31. ChickenpookieDecember 6, 2013 at 9:50 AM

    SBS - Check this one out, guys (boys).

    ReplyDelete
  32. ChickenpookieDecember 6, 2013 at 10:00 AM

    BALT - Thinking we should be loading the boat on this one.

    ReplyDelete
  33. ChickenpookieDecember 6, 2013 at 10:06 AM

    Mysterious drop in rat population.

    ReplyDelete
    Replies
    1. Telestar3dDecember 6, 2013 at 10:19 AM

      One bit my ass today while taking a dump, no drop here.

      Delete
    2. ChickenpookieDecember 6, 2013 at 11:05 AM

      LOL, we use commodes in the developed world! :)

      Delete
    3. ChickenpookieDecember 6, 2013 at 11:08 AM

      I spent a pile of money getting my septic system built and certified, and now pay taxes on it annually for the privilege.

      Delete
  34. Telestar3dDecember 6, 2013 at 10:40 AM

    TOF said "http://www.bloomberg.com/quote/BDIY:IND/chart

    Use the 5 year chart. Draw a straight line over the 1,150ish area. After a bottoming period from January of 2012 to June 2013, there was an ascending triangle forming where the lows got higher and higher until August 2013. The breakout occurred in September 2013. Typically there is a healthy shakeout period after the breakout and that is a good time to accumulate. You can also try to predict it by buying before the breakout if you notice the lows are getting higher and higher. "

    Very nice analysis. I would just add you can also draw a line above the 2000 (2100) and it would put us at the top of a box and some may consider 2200- 4500ish as resistance. Your insights of rising bottoms over time is important.

    Any way great call on the shippers. The above concept is why I closed BALT for now taking out 5.71 will be good. Yesterday's vol was very strong too, some one is most likely accumulating.

    ReplyDelete
    Replies
    1. AnonymousDecember 6, 2013 at 11:05 AM

      T3 - Great trade man. These breakouts are tricky and they seem to always retrace the breakout move first before going higher. So you're probably right in selling. Plus, this one consistently moves up and then retraces its move. So nothing would surprise me at this point.

      Delete
  35. MarkWDecember 6, 2013 at 11:56 AM

    Dear Lord....RBY has GOT to be close! Look at that volume, RSI..

    ReplyDelete
    Replies
    1. Telestar3dDecember 6, 2013 at 12:02 PM

      PAL, I just put in a stink bid at.10 GTC hoping someone pukes that bought at 5-6.

      RBY is a possibility here too.

      Delete
    2. ChickenpookieDecember 6, 2013 at 12:02 PM

      Maybe if the cap falls under $1M, we can buy it out and create something useful such as a hunting lodge?

      Delete
    3. MarkWDecember 6, 2013 at 12:06 PM

      OMG. I didn't realize PAL was that low.

      Delete
  36. ChickenpookieDecember 6, 2013 at 11:56 AM

    Caffeine and alcohol are mutagenic, LOL..

    ReplyDelete
  37. ChickenpookieDecember 6, 2013 at 11:58 AM

    Can we please call today a bitcoin relief rally?

    ReplyDelete
  38. MarkWDecember 6, 2013 at 12:07 PM

    Drillers/Natty boys getting hit. Why? Weather?

    ReplyDelete
    Replies
    1. ChickenpookieDecember 6, 2013 at 12:37 PM

      OIH is at bottom of channel, BAS is getting it's pee-pee whacked.
      Some people found an abandoned truck in Mexico with radioactive material inside and were poisoned by it

      Delete
  39. MarkWDecember 6, 2013 at 12:12 PM

    Day 3 for BEAT and right at the 200ema

    ReplyDelete
  40. MarkWDecember 6, 2013 at 12:15 PM

    All of the garbage is getting sold today. My watch list is all red.

    ReplyDelete
  41. MarkWDecember 6, 2013 at 12:16 PM

    IOC. wow.

    ReplyDelete
  42. 2nd_aveDecember 6, 2013 at 12:22 PM

    We added >200,000 jobs in November (subject to revision next month, of course), and the unemployment rate dropped to 7%. Both numbers exceeded ‘expectations.’ The US indexes jumped on the news. What else?

    (a) Bonds sold off immediately following the announcement (an improving economy increases the likelihood of an early ‘taper’ to QE) However, they quickly recovered and TLT currently trading unchanged. This indicates the news was already priced in.
    (b) Miners initially sold off, then apparently decided to rally anyway…until about 2 pm est, when indecision set in. GDX currently trading unchanged.
    (c) Emerging Markets (EEM). Up as much as +2.5% intraday! Since a taper would presumably be ‘bad’ for emerging market currencies, I don’t get it. We all know by now we’re not supposed to ‘get it.’ If we did, we’d all be making lots of money.
    (d) QAJ trading unchanged. Hedge funds neither making money nor losing money.
    (e) US indexes. All up.
    (f) JCP. My favorite retailer is selling off yet another -8% to 8.13 (that’s a -20% haircut on ostensibly good earnings/guidance! Obviously, investors think it’s all BS).

    ReplyDelete
  43. ChickenpookieDecember 6, 2013 at 12:32 PM

    JOY - Wow, you wouldn't know the mining industry is dead by looking at this stock.

    ReplyDelete
  44. AnonymousDecember 6, 2013 at 12:37 PM

    the chart of NIHD and JCP are almost identical. Based on similarities, NIHD runs to $4.7 before stalling.

    ReplyDelete
    Replies
    1. AnonymousDecember 6, 2013 at 12:39 PM

      That's the 50% retracement of the most recent fall...and lo and behold it's right where the bottom fell out from. I added more today at $2.62. Still a tiny position but I'm gonna see how this one plays out. I think there's a chance for a 100% return from the bottom before the rally stalls out.

      Delete
  45. 2nd_aveDecember 6, 2013 at 12:39 PM

    Re IOC: It's a Paulson holding.

    Holy moly. Everything this guy touches turns south.

    http://www.fool.com/investing/general/2013/11/18/heres-what-influential-billionaire-john-paulson-ha.aspx

    Paulson recently trimmed his stake in IOC but his remaining shares plummeted -37% today:

    http://finance.yahoo.com/q;_ylt=Ao4kREud0V2jgTSD5wASNsmiuYdG;_ylu=X3oDMTBxdGVyNzJxBHNlYwNVSCAzIERlc2t0b3AgU2VhcmNoIDEx;_ylg=X3oDMTB2YzZsaWtqBGxhbmcDZW4tVVMEcHQDMgR0ZXN0A0ZpbmFuY2VfREY-;_ylv=3?s=ioc&uhb=uhb2&type=2button&fr=uh3_finance_web_gs

    ReplyDelete
    Replies
    1. AnonymousDecember 6, 2013 at 12:52 PM

      looks like he only had a 2% stake in them at about $80 Million or so. What is his total fund size?

      Delete
    2. MarkWDecember 6, 2013 at 12:57 PM

      A LOT less than it used to be.

      Delete
    3. AnonymousDecember 6, 2013 at 1:06 PM

      http://blogs.wsj.com/moneybeat/2013/11/22/john-paulsons-funds-clock-strong-returns-in-2013/

      Delete
  46. 2nd_aveDecember 6, 2013 at 12:41 PM

    Any believers left in MUX?

    ReplyDelete
  47. MarkWDecember 6, 2013 at 12:49 PM

    ULTA..first gap filled? Check...2nd gap filled???

    ReplyDelete
  48. 2nd_aveDecember 6, 2013 at 12:52 PM

    'so you only follow garbage?'

    Show me a POS and I'm all over it.

    ReplyDelete
  49. AnonymousDecember 6, 2013 at 1:04 PM

    BYD is up nicely since the panic selloff a month or so ago.

    ReplyDelete
  50. ChickenpookieDecember 6, 2013 at 1:08 PM

    That could be an incredibly extensive list.

    ReplyDelete
  51. ChickenpookieDecember 6, 2013 at 1:14 PM

    Mark, tweet Paulson so we can get an "FU chump" lift on IOC?

    ReplyDelete
    Replies
    1. ChickenpookieDecember 6, 2013 at 1:25 PM

      On the bright side, the gap up obligation is fulfilled.

      Delete
    2. ChickenpookieDecember 6, 2013 at 1:49 PM

      Better yet, tell him we're in today on the stink bid.

      Delete
  52. ChickenpookieDecember 6, 2013 at 1:33 PM

    Okay gang, load up and let's get this show on the road:

    http://i.ebayimg.com/t/1966-International-Travelall-Rat-Rod-Vintage-SUV-/00/s/MTIwMFgxNjAw/z/I2IAAOxy4t1Sm83z/$_57.JPG

    ReplyDelete
  53. ChickenpookieDecember 6, 2013 at 1:45 PM

    Can't ya still taste it, 20yrs later?

    ReplyDelete
  54. ChickenpookieDecember 6, 2013 at 1:52 PM

    BSBC - OMG, 190,000 employees.... BAC has 250,000 but market cap is 100x

    ReplyDelete
  55. 2nd_aveDecember 6, 2013 at 4:36 PM

    Reopened JCP @ 8.11. Not exactly sure why.

    ReplyDelete
    Replies
    1. AnonymousDecember 6, 2013 at 5:34 PM

      that's often a better reason than wasting hours and hours researching something and buying.

      Delete
    2. 2nd_aveDecember 6, 2013 at 5:37 PM

      Well said.

      Delete
  56. 2nd_aveDecember 6, 2013 at 5:10 PM

    http://www.ritholtz.com/blog/2010/10/the-permabear-to-english-translation-guide/

    'Gold: A shiny yellow metal used primarily as an excuse for missing a generational rally in equities.'

    ReplyDelete
  57. 2nd_aveDecember 6, 2013 at 5:18 PM

    EEM: +2.22%
    RYWVX (2x leveraged emerging markets): +2.67%

    That's right. Even on a one-day basis, the pricing of leveraged funds often baffles. Hey, at least I don't feel as bad about what I missed out on.

    ReplyDelete
  58. 2nd_aveDecember 7, 2013 at 7:41 AM


    Hi All - Guess I am a glutton for punishment with doubling... [#122134]
    By: Luggie (635 comments) Log in to Reply Go to top ↑
    December 6, 2013 at 7:29 pm

    Hi All – Guess I am a glutton for punishment with doubling down on Rubicon today. Suppose I like Vad’s odds better, but…. Happy Trading

    ReplyDelete
    Replies
    1. 2nd_aveDecember 7, 2013 at 7:48 AM

      Confirmation of tof's 'final flush' theory. There really has been little panic in the mining camp. When gold plummets to three figures and RBY is bought out by a larger player for pennies on the dollar, then the bottom will be in. Even then, gold prices may languish for a decade before another run higher. By then, all of our money will probably be in Treasurys paying >10%.

      Delete
    2. 2nd_aveDecember 7, 2013 at 7:52 AM

      The above is also confirmation that we're listening to small talk around a deserted craps table. I mean, seriously. I've heard comments like that almost word for word in Reno.

      Delete

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