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To bad I couldn't short my house.
There must be an ETF for that.
Looks like I'm going to get visited by a tropical storm this week...
WOOHOOO time to fill up the fridge with BEER!
Today's ride was all about the dollar.
CNBS didn't even offer updates of the manufacturing drop out of the Richmond and Chicago Feds...not one article....
This tells me that they have been told to keep the smiles and lollipops until the new IPO garbage is out in the market.
The last time I caught them ignoring bad news was the fall before the July low.....
Yikes....
No country will be safe from the debt implosion.....
If you own I home, I'd think about selling. To tell you the truth, If I would have listened to my brain in 2005 instead of my wife, I'd have a house on the river with a boat....
Yup. Bonus buy today. I'm all in.
I know this is Canadian news but look at these numbers of of British Columbia.
"and the proportion of median pre-tax household income required to service the cost of a mortgage on an existing housing unit exceeds 70 per cent for both two-storey homes and detached bungalows."
"A standard condo consumes about 43 per cent of income according to RBC."
Do these number not seem alarming. I am uncertain what the stats were in the US before the colapse but these ratios are with mortgage rates at all time lows.(My mortgage is approx. 20% debt to service) I am not sure how this happens as the standard bank will not allow a mortgage to exceed 36% of debt to service.
70% is very bad news. This is pretax!
http://www.vancouversun.com/news/waves+flag+over+Vancouver+housing+market/3585943/story.html
I saw an indicator peak and I went all in a week ago Friday, albeit a little bit early. But if I had hindsight, I would be buying railroads with Berkshire!
So Friday, we were at the same point as Monday. It won't take long to make back 2 bucks/share on TZA.
I think it is going to push through the month as revenue and earnings will disappoint.
I remember the flip in August and the clowns in the news were still having sugar buzzes talking about S&P 1200.
I remain short. Expecting many triple digit losses to start very soon. I'm going to push all in at this point.
They're expecting more (small) banks to close.
I hadn't heard anything on the pumps yet.
I think that .20 will be the stabilization point. I'd think about holding for a couple of months before a move.
I greatly underestimated the move as I got the pumps after I sold, even though I made a 100% profit on my trade. I sold out at .57 and it went over 2.00 a share.
That move probably won't come again, but I would expect to see .4-.5 on the next pumps, but wont' be too bad but you will have to wait some time for it.
Another one I am keeping an eye on is KDKN. It is increasing production, but is getting hammered on asset price reset losses.
It is currently around .115. It is an exploration company working on building current producing assets and unlike JYHW it has increasing revenue.
It had higher revenue costs, but I think that it was due to working in these acquisitions.
The last low was March 2009 at .125, but it seems to still be diluting a bit.
And still no jobs.
hey buckster,
i noticed you made a pretty good call on jayhawk energy,well it surpassed your 25 cent call! are you a buyer now? just interested, i started a very small position at 20 cents.
Housing stinks
manufacturing stinks
consumer spending stinks
consumer mood stinks
At first I thought that this was going to be a large movement of money and we would pop to the upside off of an inverse head and shoulders as it got to the top I realized that there isn't enough to push it over.
Obama relenting on the rich tax cuts could have done it, but the class clown was true to his colors...and broke the rally.
See you on the other side.
TNA at 28...lol...and into the elections!
Then we'll be in for some serious $$$.
Hmmm...me thinks that it might go higher.
I think we break the July low.
Europe is definitely helping out today.
Lookie at TZA goooooo..... cha-ching! Another round trip to 40+ in the making. Come to papa! This ETF is getting to be too easy.
Hmmm...looks like the wheels are falling off the wagon...lol
EXCELLENT!
Long are the days that I worry about a short term 2 dollar a share loss...lol
I am looking toward October...
=)
All this talk about 1033 is overblown...
Just alot of good banter for investment firms to get your hand on the trading fees.....
You still in? I'm back in as of today. Watch for the head fake as the market goes down down down.
Shorting with inverse 3xEFT TZA at 27.80
Time to go short again.
You better believe it. Today, I re-loaded TZA at $27.80. Show me the moneyyyyyyyyyyyyyyyyy!
To follow up on my last message, here is one of the performers from Star Acadamie.
Another nice song.
Tu m'aimes tu by Marc-André Fortin.
The translation does not work well in english but is something like You love you,love me
Canada has two official languages.
Québec has the most concentrated area of french. The primary language is french and they do not have to post english road signs. Some residents know only basic english.
New Brunswick is bilingual, many are francophone but speak english as well. Road signs are in english and french.
Nova Scotia is mainly english however there are many small communities spread around that speak Acadian French. The term Cajun comes from the exile of the French by England many years ago. Many of these Acadians settled in New Orleans(French Quarter). Mainly English road signs.
Ontario has a mixture of english and french closer to the Québec boarder.
The praries, Newfoundland,PEI and the west coast are mainly english.
We are taught french in elementary school up to High School, then it is optional.
My son attends a completely french school, my daughter has chosen an english school.
There are many nice french songs, I find more emotion in french music myself. Québec even has its own version of American Idol.
Wow, that is a very moving video and song. Thanks for sharing that with me. Are there French speaking counties, or whatever, in Canada, like they have in Switzerland?
locked and loaded to ride the slide....
Buy in TZA at 29.63.
Ready to whee whee whee all the way home like the Geico pig...lol
I was just listening to some youtube videos when a search for a french artist came up with this home made video of a trip to Québec city they were on.
It made me think of the time I gave you a tour of Québec on the QMIN message board. This video displays many of the sites you can see in Québec.
Underneath the video I have posted the different sites that are in the video.
The song is by Marc Dupré and the song is Après les larmes (after the tears)
I still remember ben squirming in his seat the day he was grilled about recession.
When asked by multiple people "are we in recession?" he would not say the word "yes".
I remember thinking that day the world markets were deep in correction mode and the US GDP was negative for many quarters.
Just say the word Ben.
I still remember all of 08' when all the clowns in business media as well as all the analysts were saying...."WE ARE NOT IN A RECESSION!!!"
It is almost laughable as the LEI's have been hanging around -10 for months.
Might not have been a bad choice, a more conservative play.
I am not sure what to think right now.
Canada is cooling down again as the central bank keeps increasing interest rates, home sales are falling off a cliff in the last few months, jobs growth slowing down again. Yet our market increases on resources.
Double dip recession talks in the US and a couple slightly better than pathetic job growth reports.
Europe Banking crisis not over yet.
I would say the markets should go down but that doesn't appear to be the case.
My left nut told me to sell yesterday.
Sold my TNA at 42.25 and am waiting to load up on TZA depending upon the outcome tomorrow.
Looks like it is stretching thin and retail is still on the sidelines.
I don't think that we will make it to the 1035 on the S&P to confirm the H&S.
Of course now I just cursed myself....lol ;o
There is an update to the storyline...super rich hosers that run the corporate influenced media will only settle for the extension of the tax cuts. Markets are not going to settle for free billions of wasted money anymore...
This is going to make for an interesting 60 days until the elections.
I don't think I could handle the stench being that far inside....lol
Nah, it's common sense to me.
Fear rolls out...
Everybody cries for stimulus...
Dem's to the rescue...Repub's to obstruct...lol
If I could handle the smell of it, I'd be a storyline writer for the NY times.....
If he gets the cut, which I think he will, and I bet he'll get +100 billion in construction stimulus as well from Congress. They say he won't get it, but it will be the last ditch effort by the Soros Dems.... Everybody thought the US health care bill was DOA as well.
Are you an insider???
Check this out.
http://www.foxnews.com/politics/2010/09/06/obama-propose-massive-tax-breaks-businesses-invest-growth/
Obama to Propose Massive Tax Breaks for Businesses to Invest in Growth
I will keep a watchfull eye on them.
Since 2009 I am too conservative on my investments. Or I am just getting older
It could be more a play against treasuries as well, which could be good for stocks right now.
Since news isn't edge of cliff fear that was being trumpeted in August, I would tend to think there would be a move out.
I keep an eye on the vix, but tend to play more the Russel, TNA, TZA charts and ride the waves... Being so choppy it has been tough, but the pattern is there. However, it seems that dems might finally understand that the US is going to throw them under the bus, so they might throw business a bone to save face.
I also just hate the 3x decay, so I don't hold it very long.
I hear you.
When Wilma hit, lucky it was a fast moving storm, it sounded like a freight train hitting my house...lol.
So if the April high is reached the best play would be the Bear ETF's?
Have you looked into any of the VIX ETF's?
NYSE:VXX
The funny thing is after hurricane season you have more snow storm stories than I do up in the "Great North"
Hurricanes in Canada, snow storms in Maryland, shouldn't it be the other way?
Thanks,
The storm was hyped up more than anything.
I knew the damage would not be bad. When the CAT 2 went by years ago it sounded like a freight train driving over my house. That sound was steady for about 2 hours.
Earl only gave a few big gusts that shook the house.
Glad you didn't have much damage and have your power back. It is miserable to be without power. At least it's over with. After hurrican season, we can look forward to snow storms again. :)
I posted earlier about the inverse Head and Shoulders that I've been watching on the S&P. It is possible that the risk trade might be on and might confirm and push us to the April High.
This week is going to be interesting. As I believe that the Fed push too hard on the bond bubble and poof goes grannies hard earned dough...
Otherwise, I sell off my TNA and ride another wave down. We should at least kiss of the 200....
Lucky you. I usually go 10 days with a cat 2....
Power came back about 2hours ago.
I was not as bad as Hurricane Juan in 2003 but it was still wild.
I have lost 4 trees, one of them an old maple tree
There is a lot of branches on the grass but no major damage.
I am just catching up on the local news. I think the biggest gusts were 130km/h(80mph).
Looking at the news, you probably don't have power.
Are you dry? Still have a roof? :)
The most likely place Earl will make landfall is on Saturday in western Nova Scotia, Canada, where it could still be a hurricane, said hurricane center deputy director Ed Rappaport.
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The HALL is a plain jane generic board where I post stocks based on a stocks heartbeat, a simplistic method I use. It's all based on finding a stock's bottom with an anticipated rise within a few days to a week or so. No hype necessary nor tracking of winners/losers nor fancy lines, triangles, zigzags, analysis, etc. Just the heartbeat. Stocks posted will be added/removed without notice and at my own resolve. CAUTION: Some of the picks posted may already be in play and past what I consider the buy in. Please refer to the postings to see or ask if that's the case. Also, for an easy understand training of the heartbeat, I have put up 2 sticky posts, 1 that explains the stock heartbeat and 1 that has an example. It ain't prefect but it has a high level of success. And remember, always take profit because profit is profit and will always keep you in the game. And finally, one last word of caution is to always remember that the overall market can and will void out any picks during times when the market is cycling downward.
Good luck!
The Hall Breading Ground: http://investorshub.advfn.com/boards/board.aspx?board_id=15581
Posted January 20, 2010 4:30pm
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