I handed off to ATACX. Only to watch them fumble the ball. That's a very short term perspective, of course.
When TLT hit 109 (and I had yet to buy into ATACX), I clearly recall thinking 'Take the (+6%) gain!' They elected to stick with bonds, and ended up giving back most of their 2014 gains.
When I sensed strength in EEM last week, I had to pace the living room floor for several days while they waited for 'confirmation' from their quant models. They rotated just in time to catch a -1.47% loss today.
This is getting really frustrating for me. I handed off to free myself from the daily grind. Instead, I'm back to the daily grind with the additional stress of having no control.
Am I being unfair, or do I just have high expectations? Not sure yet.
Here's the thing. I'm pretty sure the US indexes undergo a major correction- I would even agree with Hussman on the magnitude. On the other hand, I'm pretty sure Emerging Markets return 2-3x over the next 5 years. The two scenarios are unlikely to unfold simultaneously, of course. Which makes 'buy and fuggedaboudit' an impossible trade.
ReplyDeleteNot sure I could do it buddy.
DeleteNor am I saying I would/could. I'm trying (like everyone else) to maximize ST gains at every point in time. What's up with ATACX? I don't know.
DeleteATACX is down -3% from my entry point. Objectively, it's not a big deal, especially with just 1/3 of the port invested. But to me it is a big deal. Know thyself. I'm learning a little more about myself with this position.
DeleteDon't forget BB's post about the best of traders only nailing the bottom within 10%
DeleteAbsent the 'major correction' scenario, I would have no problem holding positions in Emerging Markets for 3-5 years. The problem is that any major correction in the US will not spare global markets. So Brazil, for instance, could easily double in 3 years, but may require you to survive a -50% correction along the way.
DeleteEM's are already beat to heck, athough I guess they could get beat up even more.... So unfortunately I guess we have to wait for it. Anyway, Germany basically said the EZ LTRO is in conflict with the euro agreements, or whatever they're called, so I guess they're gonna steamroll Brussels again?
Deletehttp://i.dailymail.co.uk/i/pix/2011/12/18/article-2075565-0F353CAA00000578-419_964x601.jpg
I see EEM had a gap up Friday.
ReplyDeleteEWZ went POOF today, BSBR held up pretty well in comparison, though.
BALT - I think we get a test of $6.17~$6.18 soon before the next leg up can begin.
ReplyDeleteACT - What say we buy this one on the premise it gets bought out by a bigger fish?
ReplyDeleteIEP - This one seems to be breaking to the upside...
ReplyDeleteAGCO - Forming another bear flag, meaning we'll get a lower entry on which to gamble. I kinda wonder if Chinese tractors can't put a real good squeeze on global tractor makers going forward, in exchange for commodities, of course.
ReplyDeleteBSBR - Sorta looks like we might visit $4.50 again, huh? Volume seems strong though......
ReplyDelete2nd,
ReplyDeleteIn my opinion, Quant Funds are tough to pick winners without knowing either the manager of the exact strategy they are using. If it was that easy, all these hedge funds would just use Quant approaches and outperform, but they are consistently underperfoming and it would be easy for them to set up a quant approach with their money and computers.
BMO sends out a monthly quant report showing how buying Low P/E, low P/B stocks with high momentum outperforms dramatically, but no fees and it also has multiyear periods of underperfomance. SO if you can stick to it, it will probably work, but you need a long perspective and will probably get frustrated and sell at bad times,
MAN Funds is a UK company I think and have been marketing these types of funds in Canada for longer than anyone I know and they had horrible performance last year down around 7% (https://www.man.com/CA/prices-and-performance) using a rotation strategy.
I'm sure they work well in certain types of markets, but in others they just generate a lot of fees.
Again, in my opinion, I think you put too much pressure on yourself trying to time things perfectly and go in or out in large ways.
DeleteIf you think EM's return 200% or 300% over 5 years, just buy some and hold onto it until it moves up. Whether you could buy it 50% cheaper or not doesn't really matter if it does go up that much. But I would still buy in pieces - something like 20% now, then the rest on weakness or momentum or whatever makes sense.
The reality is, no-one knows what will happen - maybe we get a big correction, maybe we don't.
DeleteBut I've got several friends who have been waiting for the "big pullback" since 2009 and missed out on all of these huge market gains
Yep, and this is the essence of taking losses quickly or adding if the circumstances prove positive. I have a very difficult time accepting we're going to take a big plunge but I'm determined not to take a hit, so it's important to get in at low prices(dips) and keep trying to lower my basis by doing a bit of trading around my position if possible.. Building a cushion that way, I don't get taken out on a bad day.
DeleteSpoke with my ENPH source. He was slightly disappointed and thinks they are holding back some Rev. for Q1. Like me, he was impressed with holding Q1 guidance given the weather. Still maintains the warranty issue is not a concern. Catalyst??..might see a SCTY deal in a 6 month time frame. He's holding. I'm not so sure.
ReplyDeleteThose things don't work when they're covered with snow! :) Doesn't look like there were any sellers in AH.... maybe a good indicator.
DeleteWaiting on the CC transcript to send to TOF for scrutiny.
DeleteI don't know I think you should be holding ENPH. If solar continues it's rise then this one is kind of panel neutral if you will, right? Meaning theres still some debate as to which panels will work but they would all need those inverter things right? If that's the right assumption and the solar sector continues running for many years then shit you might have a home run there. Granted I just don't know enough about it so I'm a bit in the dark on that one.
DeleteFLWS - Mighty tight BB's on this one guys, today could've been a knockout attempt so I'm keeping an eye-eye on it captain.. Notice MACD is turning up...
ReplyDeleteBB- Are earnings really that strange?
DeleteIt wasn't earnings - they screwed up a lot of orders on Valentines Day, weren't answering their phones, etc. A lot of bad PR. I think order volume was high because people couldn't shop due to the weather, but they also couldn't deliver due to the weather. PLus their apology afterwards was weak.
DeleteSo the stock got hit, but will people remember and not use them because of that? Probably not. These things tend to get forgotten and I really don't think it is an indicator of bigger problems.
But that is the risk of course. I am holding though.
The lime shortage is starting to concern me.
ReplyDeleteFor drinking Tequila?
DeleteLime for pretreating bodies for burial?
DeleteDRYS - Earnings were reported in AH
ReplyDelete"The next earnings announcement from BALT is expected the week of 2/24/2014."
AUMN - Holy crap, quite a move.
ReplyDeleteI tell ya what I really agree with this guy on AKS:
ReplyDeletehttp://video.foxbusiness.com/v/3222491694001/winter-stock-picks/#sp=show-clips
Detrick has been spot on for a while with his picks.
Holy sh*t. THE one and only gordon johnson is on the beat:
Deletehttp://blogs.barrons.com/stockstowatchtoday/2014/02/05/us-steel-the-pain-is-only-just-beginning/?mod=yahoobarrons&ru=yahoo
Let me remind you:
http://blogs.barrons.com/techtraderdaily/2012/05/30/fslr-axiom-sees-increased-risk-of-losing-u-s-projects/
"Axiom Capital’s Gordon Johnson today warns that First Solar‘s (FSLR) solar energy installation projects in the U.S. could be at greater risk than previously thought because of regulators’ requests that the company replace panels at the sites.
Johnson, who has a Sell rating on First Solar shares, and an $8 price target, notes that the L.A. county supervisor has said the company’s “AV Solar Ranch 1” is behind schedule because the project hadn’t received certain regulatory approvals, citing a report by Herman Trabish of Greentechmedia.com. That article notes that First Solar has furloughed half of the staff on site at the AV project.
Johnson writes that it’s not clear whether some of First Solar’s other projects will be impacted by similar requirements.
But he thinks there may be a 40% chance that the company could “lose” its large-scale projects, up from 10% before the recent regulatory snafu.
By lose, in this case, Johnson means First Solar might have to buy the projects back from the parties to whom it sold them, if there was a breach of covenants for the projects."
Check out the date of the last link above...
He's the same as your typical swinging Johnson.
DeleteAKS - Looks like insiders added at some point? X as well?
DeleteBaltic Dry Index (BDI) +14 1160
ReplyDeleteBSBR - Another smackdown pre-market
ReplyDeleteAnd, it seems the dip is being bought.
DeleteGNK death spiral has began with a preliminary payment default.
DeleteNot that I agree necessarily, but if a crashing BDI is indicative of economic slowdown, the opposite should be just as true, right?
ReplyDeleteENPH- Some how I was actually able to sell 2K shares @ 7.70 right at the open.
ReplyDelete2K off at 7.80.
Delete2K off at 7.899
DeleteFLWS - $5.15 is today's bull target.
ReplyDeleteNM down 10% this morning on an earnings miss. They increased the dividend to try and offset, but didn't help.
ReplyDeleteRight to the trend line, looks sorta like there were orders waiting there?
DeleteDRYS - Began well but quickly turned down.
ReplyDeleteGNK - Yeah, yuk, there should be some guilt by association impact on BALT...
I agree.
DeletePeople say that all the time about me.
DeleteThe term I've heard around you most, is eeeuuuuhhhh!
DeleteNUE - Is it just me, or does this one seem to be holding up well? Sorta like NOR, these both have switched to Natty.
ReplyDelete2k more off at 8.00
ReplyDeleteENPH - Here comes $12?
ReplyDeleteI'm going to try and actually hold the rest.
DeleteENPH- OK, here's the deal. Three times in the last year I've reached new highs only to get nailed. So I decided to sell some shares in the hope that it wont happen a fourth time. I obviously have WAY to much cash still, but I can live with that all things considered.
ReplyDeleteI know, the same crap keeps happening to me as well.
DeleteMorgan Stanley on BSBR
ReplyDeletehttp://blogs.barrons.com/emergingmarketsdaily/2014/02/19/after-the-sell-off-morgan-stanleys-top-ten-latam-conviction-picks-are/?mod=yahoobarrons&ru=yahoo
We see 91% upside to our base case and 162% to the bull case, while only 18% downside to our bear scenario. The 8:1 Bull/Bear skew is the most attractive within our Latam banks coverage universe.
Trading at 0.7x P/BV, we think the market assumes earnings and ROE will be flattish over the next couple of years.
Underowned and unloved; won’t take much to positively surprise, in our view. After three years of negative EPS growth and significant stock underperformance, market participants have relatively low expectations for Santander Brasil.
Yeah, hopefully they're not yanking our chain again.
DeleteNM - This one needs to close better than $9.88
ReplyDeleteDamn, a good portion of my recent BALT gains are gone now.....
ReplyDeleteSALT - Sheesh, this one traded down to $9.37, and they don't even have their ships yet!
ReplyDeleteMarijuana safety testing machinery and services getting hot.
ReplyDeleteENPH- Roth maintains buy rating and 10pt.
ReplyDeleteBitcoin - Will this be the new global currency? Bernanke basically endorsed it, right?
ReplyDeleteCXO - This one reports in AH today.
ReplyDeleteBALT - I should probably add here but will wait just in case another leg down is coming.
ReplyDeleteLooks to me like a cup and handle forming. its ugly out there today in shipper land.
DeleteAA bouncing nicely today on the news GM will use aluminum in trucks as well as Fords announcement a couple weeks ago.
ReplyDeleteEEM is green too, aluminum will help shave off a lot of weight and increase fuel efficiency (note the emphasis on fuel efficiency, and not conversion to hydrogen)!
DeleteSee insulation manufacturers like Owens Corning as well, people bough shit-tons of insulation during the Carter period.
NOR - Notice this one is up as well, they switched their smelting process over to natty.
DeleteThis app is bound to help you concentrate on your tasks:
ReplyDeletehttp://coffitivity.com/
BALT - Alright, I added a little @ $6.17 and fully expect to be regretting the move soon.
ReplyDeleteper Cashin, ubs
ReplyDeleteBringing China's Shadow Banking Out Of The Shadows – Somewhat – In his weekend note at Option Investor, my pal, Jim Brown, ran through some stunning numbers on China's "trust" products and a chunk of their shadow banking system. Here's a bit of what he wrote:
China has $1.8 trillion in "trust" products and a large portion of those could default this year. More than 43% of these trusts come due in 2014 and 80% mature over the next two years. The trusts in China take investor money and lend it out to companies that can't get financing from banks. This is part of the "shadow banking" system that China is trying to control. Investors get a higher interest rate but recent defaults suggest the system is about to implode. In January the "Credit Equals Gold" trust was poised to default on $495 million in obligations until a mystery group stepped in at the 11th hour and paid investors. It is rumored the Peoples Bank of China funded the bailout group to delay the impending trust disaster.
Last week a trust known as "Songhua River #77 Shanxi Opulent Blessing Project" defaulted on payments to investors. The trust was relatively small at $48 million. The money was raised from wealthy clients of China Construction Bank, China's second largest lender. The promised yield was 9.8%. This was the fourth trust managed by Jilin Trust that has defaulted in recent months.
The amounts listed above are just a trickle compared to the $1.8 trillion in trust products of which $778 billion will mature in 2014. If this trend continues the resulting defaults could seriously undermine China's financial economy.
According to Bloomberg China's non-performing loans grew by $4.7 billion in Q4 to a record 592.1 trillion yuan. This prevents the banks from making new loans and the defaults in the trust sector are dramatically slowing new investments. China's financial sector is a slow motion train wreck and the end result could be ugly.
We need more of this type of bearish hyperventilation.
DeleteComplacency is a bad thing when you have your money at risk. Remember how our meltdown played out. It created opportunity but smoked those who held, but are now most likely whole. It's is good to know what lies underneath. PBOC will pull out all stops to minimize this, just like our FRB did.
DeleteAnd we all know, the door is wide enough for us all to get out at the same time. HAHA People will be pancaked by the computers.
I'm coming to Houston, sorry to say, I hope they have good news.
I appreciate those concerns for sure. I always wonder how much of that is baked into the Chinese market which is near 2009 lows.
Delete2nd, the real question is do you have the psychological make up to buy and hold long term? You know the answer to that.
ReplyDeleteIf you are going to embark on that road, you are going to have to just ignore your positions. Mr.. Butler, who was the President of Invesco, once said that he only looked at his NAV once a year so he would have just one sleepless night per year.
This is why I like the Landry system. It's fairly reasonable to be able to predict the immediate future, enter a position based on a trend resumption, take partial profits that satisfy the short term view (and profit motive) and then ride the rest of the position long term where the real money is. Stops at break even after partial profits pretty much take care of risk in all but the most extreme end of world scenarios. The initial position is covered by position size/money management.
DeleteI can't say I'm perfect, I still have emotions and tinker with it, which I invariable screw up except once. But it works even mechanically. The service portfolio was up 14.5% as of yesterday and gave some back today but all of the positions have taken partial profits so whatever is happening is with open profits with the house's money.
It's the best of both worlds. For me.
CC, a very solid way to trade. Joe Ross recommends a similar plan to trading, really the same. It's great you found what works for you.
DeleteI think I may buy his book when and if we ever get settled in AZ.
I agree a lot with this - you have to match the trading systems to the person. You need something which fits your approach, discipline, temperament, etc. Otherwise you may be successful for a while, but likley you'll make some really bad decisions at the wrong time and underperform over time.
DeleteYeah BB, I did that! I needed a system to keep from chasing my tail.
DeleteI admit, it's hard when positions are going against you to not freak out before the stop or to stick with positions with huge open profits on a down day, but about that time it pays to go for a walk or take my wife to lunch. It surprises me how many times I do that and come back to a positive result.
sold out SLB and IRM, i'll buy both back on pullback, if i like the mkt.
ReplyDeletehave three LT's that have acted poorly RJA GASS EWZ and KMP div play
If you look at a LT of SP we are extended and have to be somewhere btw 7-9 inning, where it will stop know one knows, play ball.
Good stuff, thanks. What do you think of Cashin, is he fairly well thought of?
DeleteI sold some ACI this morning at $4.24 and just bought some BALT at $6.07.
ReplyDeleteJust thinking through the move in BALT: rip to new highs in December, panic selloff, then equally fast rise back to near old highs. Most swing traders should be taking at least partial profits around there, hence the sharp pullback over the past 3 days. This sets us up for a countermove and if that comes it could be very sharp. At least that's what I've seen in other stocks. This pattern is fairly common from what I've seen. For an example, look at the SUNE move around April/May of last year.
DeleteWith BALT I'm reminded of the phrase: "the big money was never made in the buying or the selling. The big money was made in the waiting." I think we eventually get a big move higher in spot rates and if that happens BALT will be drastically higher. I can wait it out.
Guilt by GNK association provides perfect cover. I wonder if SALT is hitting the sweet spot with their entry though?
Delete2nd,
ReplyDeleteBloomberg has a writeup on quant funds today:
http://www.bloomberg.com/news/2014-02-19/quant-funds-feel-investor-bite-after-underperforming.html
I guess there are 2 ways of looking at it:
1. There is little alpha left in them anymore as it has become too competitive
2. They've underperformed for 3 years, so they are due to turn around
I have no idea which is correct.
I'm not sure if you guys use any trading platforms in particular but I'd really recommend using the Think or Swim platform on TD Ameritrade. They have a ton of studies you can use any chart, 1 minute all the way up to monthly. I found the RSI_EMA study to be extremely useful and it has definitely helped guide me better in terms of entries and exits and what to expect in terms of patterns. Its basically the same as RSI but it has a moving average component to it.
ReplyDeleteIt might not get the insider info that Schwab provides Mark with but for understanding the charts its top notch. and best part is its free with a TD Ameritrade account.
I haven't found the RSI_EMA metric anywhere, yet. I kinda like the Williams %R though.
Delete@nathanbomey is following the City of Detroit bankrupcy trial on twitter which will have probably a minor effect on the AGO stock price, but could cause some large swings if something unexpected happens.
ReplyDeleteAGO has an iH&S with head at $18, neckline seems to be $25
DeleteBTU/ANR/ACI - All up, maybe coal isn't dead, it's being loaded on bulk ships headed for China, India, Japan, etc.?
ReplyDeleteINT - The ih&s suggests a target over $50
ALDW - Assuming I didn't know better, I'd say the break out of bottom pendant must be fake.
ReplyDeletePanera blamed their results on weather and so far getting a hall pass.
ReplyDeleteSALT - WTF, someone unhappy already?
ReplyDeleteNVDA - Not yet 100% off it's 52wk low.
ReplyDeleteSold all ANR.
ReplyDeleteBALT doesn't have that much more volume than GMO
ReplyDeleteUkrane - Does the government have chemical weapons (Note no longer are these selectively called WMD's)? I think our local police force have tear gas, so that probably doesn't count...
ReplyDelete(a) Added to EWZ @ 38.95 premarket.
ReplyDelete(b) Added to EEM @ 39.20 premarket.
(c) I’ll relax when Brazil (along with Turkey, Indonesia, and Thailand) finish psychotherapy and emerge confident and gainfully employed once more!
Finally seeing hints of the kind of divergence I’m looking for.
Delete(a) DJIA -0.6%, NDX -0.9%, SPX -0.75%. Versus EWZ (Brazil) +0.5%, FXI (China) +0.34%.
FLWS - Closed bang on the bull target, is this fake algo trading?
ReplyDeleteFLR - Big U-Turn....
ReplyDelete2013 Bulk Carrier "Shopping Spree":
ReplyDeletehttp://www.hellenicshippingnews.com/News.aspx?ElementId=76268020-e973-426c-a97b-8c34f2644060
SHIP - Became debt free today, by agreeing to sell four ships $145M of debt is gone. So that's about $36M/ship I guess that leaves them with three remaining at $36M the book might be $9/share?
ReplyDeleteDebt free and ship free it seems.
DeleteOh, I thought they had three, LOL none = NO INCOME, huh?
DeleteAT least NM wasn't the worst of the shippers today - GNK down 24% compared to NM's 12%.
ReplyDeleteI still the the story is valid - you've got a beaten up industry which is bottoming. Improving demand and supply metrics. Improving economy. Smart money going into shipping. Plus people aren't usually dumb enough to make the same mistake again after just having been burned on over-supply a few years ago.
I guess it will just take longer to play out than we had hoped.
On the good side of my stocks, hotel company AHT up 9% today on an upgrade.
DeleteThis is another industry I think has a long runway and will outperform for several years. They had a lot of the same issues as shipping - too much supply in 2007 and then demand fell off a cliff. Finally in 2013, they are starting to build in a significant way, but demand still outpacing supply. Should be several years before the cycle turns down. (It is cyclical like shipping)
Are you referring to the hotel industry or the hotel REIT industry?
DeleteBaltic Dry Index average so far for Q1 is 1,336.
ReplyDeleteQ1 2013 average was 796.
So far up 68% year on year.
I think NM got way too ahead of itself at the end of last year. I actually struggled with this a lot in holding on to BALT because it was a sure sign to me that the industry was going to have to go through volatility to shake out the bullishness and sure enough it has. BALT has held in well but they haven't had earnings yet so who knows what happens. I do believe the longer term cycle is bottoming out, though, and I like that BALT is near breakeven at current levels.
Baltic Trading Limited (BALT) announced today that it will hold a conference call to discuss the Company's results for the fourth quarter of 2013 on Thursday, February 27, 2014 at 10:00 a.m. Eastern Time. The conference call will also be broadcast live over the Internet and include a slide presentation. The Company will issue financial results for the fourth quarter ended December 31, 2013 on Wednesday, February 26, 2014 after the close of market trading.
ReplyDeleteGE - Why wouldn't this one double in a couple years? Seem like they should've been able to take full advantage of the financial crash to position themselves accordingly.
ReplyDeleteIt could. It's not that expensive and they have a lot of good businesses.
DeleteThe hard part for a company like GE is that it is so big that it is hard to grow. They were able to do well through the 1980's and 1990's by expanding into financial services, but that won't happen this time, so the question is what will drive their growth? Plus I really don't think they will attract an above market multiple for a long time.
You could buy it, put it away for 5 or 7 or 10 years, collect some increasing dividends and have it double over time. Wouldn't be a bad way to add some income to your portfolio if you want a stock like that.
I'm pretty impressed by their underwater ocean current windmills, plus they have so many other products that can't be manufactured without highly specialized key technologies.
DeleteTOF,
ReplyDeleteI think both do well, but I'm really not sure how they classify these. I think we continue to see improving rates and occupancy and slow supply response. The REIT's probably have better leverage as a lot of this will go to the bottom line, but I'm really not sure how it compares to a HLT (Hilton) or Hyatt (H) which own hotels and also manage and franchise.
It's also another industry that had a lot of overpaying in the last cycle with Hilton getting taken out near the highs by Blackstone, etc. You probably have the same hesitancy to overbuild as with the shippers, so the cycle should be a long, extended one.
Its really amazing how many industries overbuilt in hindsight. Shipping, autos, housing, hotels/commercial real estate, the list goes on. The corporate world has restructured fairly quick but then again it's been 7 years since the last top. Hard to believe its been that long.
DeleteGood discussion on the NM call around the 43 minute mark about spot rates. They sound pretty optimistic about rates and asset values.
ReplyDeletethey also mentioned that the steel demand in china for the first part of February has been very strong and that the stockpiles should be worked through much like any other year.
DeleteI didn't realize the markets rolled over that much. Been busy. I actually made $7.18 on ANR!
ReplyDeleteTonight's quart of Schlitz is on you! I gave back most of my recent BALT gains today, will probably take a big hit on tomorrow's earnings release.
DeleteWrong, tomorrow isn't the release, it's the 26th. So the price gets run down till then and anyone holding on is trapped going into earnings.
DeleteEurope - I guess maybe the citizens of Ukraine desire a union with the Eurozone, that seems positive for Europe's future growth, doesn't it?
ReplyDeleteTSLA- Wow.
ReplyDelete$34 was 52wk low on that one.
DeleteHow lucky is that. I top ticked ANR from Panda Express at lunch today!
ReplyDeleteTop ticking ANR, or having lunch at Panda Express?
DeleteBoth!
DeleteSeeing that BDI ticked up again today, I placed a buy limit order for 5 more BALT September $5 calls, this time at $1.60...
ReplyDeleteCP, you posted at 6am today that BDI was up to 1160. Where did you get that info from? Thanks!
ReplyDeleteyou can usually find it on www.dryships.com > Market Report
DeleteThanks, TOF!
DeleteBut you would have to be awake then David ; )
ReplyDeleteAs long as I get it by the time I am ready to make my one trade of the day, that's fine. Better than getting it at 2pm Pacific, which is when Bloomberg chart gets updated...
DeleteJust for the heck of it, I decided to place a buy limit for PNPFF at $0.40, in the hopes of replacing the shares I sold at $0.50 yesterday.
ReplyDeleteBaltic Dry Index (BDI) +4 1164
ReplyDeleteIn homage to the gods in anticipation of our regularly scheduled morning EM-related smackdowns...
The exact link is this one, usually posted first of the couple I've found and very consistent (usually by 09:00 EST).
Deletehttp://www.dryships.com/pages/report.asp
ENPH - $7.80 retest here, for the next leg up!
ReplyDeleteMaybe BALT will be the exception? Somebody must've snagged the BDI spike......
ReplyDeleteNOR - BACML owns practically this company's debt I think, and assigned a $3.00 12mo price objective on it AFTER it began crashing, near the bottom.
ReplyDeleteToday's prediction: "You May Be Right"
ReplyDelete"Friday night I crashed your party Saturday I said I'm sorry Sunday came and trashed me out again I was only having fun Wasn't hurting anyone And we all enjoyed the weekend for a change"
MGNX -> Buy
ReplyDeleteNew Post
ReplyDelete