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I am stupid, I have sold SLT at 7.58 today......but I bought more PVA
i'm not able to read financials today, but let me look at the chart -
i think you should be able to buy around 14 dollars -
will look at the company fundies later -
off topic: soy, what do you think about ANDE? I am hungry for it. Fertilizers. Yummy, yummy...
give me all negatives you will find, pls)
i'd like to see the dow kiss the 200 dma at 9400 or so, i don't think it's out of the question on this rally -
This one is even better, the same day. I believe if it is managed by childrenm they would do better... :))
Childrens Investment Fund Management Uk Llp Institution 9.47 % 2009-02-17 None - - - % Sold All -15,625,779
Seriously I believe there will be very little shorting on stocks this week because of up tick rule, only some selling, so we should be green in total this week again.
Next week the rally may last again. as we get close to May, when usually many start to unload....we will see of course.
from MFFAIS - look what these starfish lickers did, LMAO -
Tpg Axon Capital Management Lp Institution 7.12 % 2009-02-17 10,059,062 $72,827,609 $23,538,205 47.75 % Sold Some -8,680,900 -46.32 % $-20,313,306
:)
you must really be loading your boat -
SLT slowly but steadily up, even today
1) maybe the world leading company in mining Copper boosted after relatively cheap purchase of Asarco assets in the worst time of crisis (very wise)
2) Indian company with world largest mines in the world
3) Company results are related to rupee not dollar
4) Hude demand of copper from China
5) Electrification of India is the biggest task for Indian government - huge permanent domestic inquiry
6) Copper bottomed and can go only up. (especialy as the defence against dollars)
how do you read that Grupo Mexico vs ASARCO case? Those 6B should be a late christmas present for SLT? Most probabaly not otherwise the stock should jump 100% today....if market cap now is 5.1B :))
I am bit confused about it as I do not know the history of it.
Copper and zinc prices have best chance for rebound
Aluminum and nickel prices have worst chance to rebound
By Tom Stundza -- Purchasing, 4/1/2009 12:13:00 PM
Copper and zinc are the base metals most likely to react fastest with higher prices to an eventual upturn in demand, according to a report by Barclays Capital. In the latest edition of their Commodity Refiner report, analysts at the London-based bank write: “We expect copper and zinc prices to be the first and the fastest to rebound once demand improves, while the losers, aluminum and nickel, will see prices recover the last and the least.”
But, while they believe the fiscal stimulus programs in play in the U.S., the European Union and China eventually will spur demand for nonferrous metals used in construction activities, they admit that probably won’t occur until 2010 or 2011. And they admit that copper and zinc metals also are facing the same potential supply-side challenges as aluminum and nickel--large surpluses at the mines and smelters and stockpiles at exchange warehouses.
Looking at their most-bullish forecast, Barclays is forecasting an average copper price of $1.82/lb this year, down from $3.16 in 2008 and rebounding to $2.49 in 2010 and $3.18 in 2011.
A separate survey by Macquarie Group of Sydney says that “commodity demand is in the eye of the storm and that there may not be too much further downside to global demand. Indeed, the falls in global industrial output are close to matching those witnessed in the very sharp and deep downturn in the mid-1970s. If the current cycle continues to track that of the mid-1970s, industrial output would bottom sometime over the next six months.”
However, with global demand not expected to recover until next year, and the rate of future growth uncertain, the Macquarie bank analysts say that copper demand will drop 9% this year and sees reduced demand for aluminum, nickel, zinc, lead and tin--suggesting that supply gluts could depress pricing overall through 2010.
Meanwhile, prices of commodities dropped for a third straight quarter, the longest losing streak since 2001, as demand for raw materials from crude oil to nickel shrank and producers failed to cut output fast enough, according to a Bloomberg report.
The Reuters/Jefferies CRB Index of 19 commodities fell 4% this quarter, adding to a 50% drop in the second half of 2008. Natural gas, nickel and wheat led the declines, overwhelming advances in gasoline, copper and hogs.
http://www.purchasing.com/article/CA6648526.html?industryid=48389
but meanwhile dollar will fall from 20CZK to 13CZK as it was in summer last year......arrrrrrgh. (czk was strongest currency in the world per annum)
-3,88% now btw...
and yes, 6 months holding here is the limit, since when you are not obliged by law to pay the income tax if selling with profit.
Most probably I quit sooner anyway.... :) as usual
But we are so deep that I am really thinking the corrections will be always short and small now...
you're holding for 6 months - don't worry about it -
dollar down
-3,44%
that is discusting, it kills huge part of the rally....
look CCJ and USU
http://investorshub.advfn.com/boards/board.aspx?board_id=15085
they are not any better in prospect than this Copper stock SLT
uranium will be the next secular run like gold was -
i'm starting to do my DD, looking for miners with broad properties and vertically integrated -
exactly.... :)
http://www.livecharts.co.uk/MarketCharts/copper.php
look up here....we have looooooooong way to go :)))
Copper rules! And nobody blames it for polution like oil, nobody is stressing to substitute it like oil by some solar panels....or wind propellars... :))
COPPER IS COPPER!!!!!!!!
MOO! bwahahahahahahah!!
I am trying to choose the stocks with good fundaments comparing to their actual price. And then I am trying to guess if it is a right time to jump in or not...
Now I am in oil and gas PVA, copper SLT and insurance GNW
are you a TA or Fundamentals Trader?
it is my local currency. I have to change czech crowns to dollars. For these dollars I then buy stocks in the US. And the value on my stock account is then counted in dollars. And as dollar is going down, I see my portfolio switched to czech crowns is melting down. If I have invested 100 in Czech and I got let us say 100 dollars for it, now I have still 100 dollars in stocks, but in czech crowns the portfolio is worth 98 only,
http://www.patria.cz/CurrenciesRates/Online/detail.aspx?culture=en-US&price=CZK&unit=USD&type=FOREX-SPOT
can you choose euro, instead?
what currency do you cash out in?
Yes!!! :) ok, I got it about financial sector and accounting issue....
I am only pissed off of dollar, it gets almost 2% down today (and counting) to our currency, so whatever I am earning on stocks, I am losing on their dollar value... arrrrrgh :)
man, the 21, 50, and 100 dma's are converging on so many charts, and those crosses are about as bullish as it gets on the big boards -
by "financials strategy" i mean that i am very overweight in the financial sector -
Then better do not watch the markets today... :)
It was so clear to everybody that we should go down (TA), many went short od DJI and therefore we maybe simply will go up (the only rule here is there is no rule at al)
And it is expected we would climb up for some weeks. We will see....The worst of the crisis for people still did not come....On the other hand, the stocks are the mirror of future, not of tomorrow...
Anyway, these are the most exciting days I have experienced so far with stocks.
good luck soy
still have my financials strategy on...
:)
doing everything i can not to jinx it -
seems like nice day ahead...for all stocks
are you in?
you know the market is bad everywhere and in India as well. But for sure in India is the future. In the time of crisis the strong ones eat the weak ones, and because that is exactly what SLT is doing now, it seems to me for SLT the future has already come. So to wait if by the coincidence (charts) this will really momentaly drop bellow 6 or even 5 again is not relevant. For sure it is soon over 9 anyway...and than higher. And higher...especially if obama will keep on printing money to save fat salaries of GM and Chrysler workers, which are /according to Obama/ not at all responsible for fact, that U.S. cars are not competitive... :)
capitol job olde chap - person mark for you -
not only radar man, I have bought some today....I see SLT heading to 20 dollars slowly......
put'er back on the radar - virtually no exposure to the US until asarco gets off the ground -
emerging markets, baby!
I was betting on oil stocks when oil started to knock again on 48 dollars per barel. I got out on Friday morning as I was expecting the correction. And because I am out on business this week and I am not sure about my flexibility to trade I am out of stocks and sitting on money.
But it seems both Dow Jones and Nasdaq will do not as big correction as I was expecting. And especially OIL. Dollar is under fire and everything what is traded in dollars will go up imo.
So I am out of my favourite oversold PVA and it will go up most probably today and tomorrow etc. But as I am not able to control it this week I am out...
I believe this is not the last week when one can earn money.:))
So if oil goes up, I would like to see Sterlite goes down... and opposite. It would be great swithch between them...:)
i am not in, have a more aggressive strategy on to try to take advantage of the volatility in fins -
i'd keep an eye on the 50 dma which from the IBOX is 5.22 right now -
this thing has to have alow beta, but i don't know what it is, she moves like a battleship -
i'd think that mid-5's would be a primo entry now -
At what price are you in? And are you still in? Where do you think it may fall with correction? I am thinking about entry if it falls. It is hot even now, but I expect the fall a bit....
this thing is going to be a demon in the new china led economy -
This stock is excellent....I am out of PVA at 10.95 and will wait until the stocks will make their corrections.. Sterlite is one of my favourites now. I like stocks nobody on ihub cares about...
wawawawawawawa WEEEEEEEEEEEEEEEEEEEE!
look at that IBOX chart!!
oh man, on a day like today, i bet it didn't matter tho -
unfortunately not....arrrrgh :)
did you git'r done?
Zzzzz...ZZZzzzz. Oh yeah, thanks! Looks like an interesting few days coming on.
wake up buddy -
The company looks very healthy but this news makes it even much more interesting
pete najarian mentioned vedanta tonight on fast money -
they are the parent company of SLT and his mention was a very loose allusion to the asarco deal -
don't be late to this party, IMO -
good deal buddy -
i seriously doubt this thing get's back to the 3's but as long as you're watching you'll know what to do -
;)
very interesting company. Will add it to my watchlist......
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Sterlite Industries India Ltd.
SIPCOT Industrial Complex
Madurai By Pass Road T V Puram PO
Tuticorin, 628 002
India - Map
phone 91 461 661 2591
fax 91 461 234 0203
http://www.sterlite-industries.com
full time employees 12,854
BUSINESS SUMMARY
Sterlite Industries (India) Limited engages primarily in the production of copper in India. Its products include copper cathodes; and cast copper rods, including 11 mm and 12 mm rods used in the transformer industry, and 8 mm rods used by the wires and cables industry with applications in housing wires, electrical cables, and telecom cables. The company also engages in the mining of bauxite, and the production of aluminum conductors and various aluminum products, as well as in the mining of zinc ore, and in the manufacture of zinc ingots and lead ingots. In addition, Sterlite Industries produces various chemical products, such as sulphuric acids, phosphoric acids, phospho gypsum, hydro fluo silicic acids, and granulated slag. Further, the company involves in trading gold, as well as in paper business. It markets its copper products directly to original equipment manufacturers and traders. The company is based in Mumbai, India. Sterlite Industries (India) Limited is a subsidiary of Vedanta Resources plc.
full list of business contacts and addresses
http://www.sterlite-industries.com/contact.asp
in-house IR
siil.investors@vedanta.co.in
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