Fully invested in secondary oils (100% long)
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Peter - Yes, I've been here for almost 2 years, and I love it! The cost of living is incredibly low... A condo with an ocean view rents for $300/mo. A nice 2 bedroom apartment rents for $150/mo. Bus fare is 50 cents. 20 bananas for 35 cents. It never gets cold (I don't have a single blanket).
The people are very friendly, and it isn't unusual for them to escort you there if you ask for directions. Portuguese is a difficult language, and very few people understand any English; but if you know a little Spanish or Italian, you can usually get by. Fortaleza is a popular tourist resort for Brazilians, Italians, Portuguese and a few Americans.
They don't have the strict anti-litter laws that California does ($1,000 fine), and that's the only negative I can think of. Security is a concern, but not as much as Sao Paulo, Rio de Janeiro, or New York City. In such a romantic, tropical setting it is not surprising to see a lot of artistic talent. I have a gorgeous collection of oil and acrylic paintings at an average cost of 25 dollars. A beautiful leather wallet costs seven bucks.
If you have any other questions, let me know. In the meantime, I will post a few more photos on Chuck's site.
frank - I know a website where you can get round-trip tickets to Fortaleza from almost anywhere in the U.S. for less than a grand! (Regular price, at least 2 grand). It's plenty warm here (70-90 all year long) with some of the most beautiful beaches in the world! (see photos on Chucks' message board)
http://www.weather.com/activities/travel/businesstraveler/weather/tenday.html?locid=BRXX0093
http://finance.groups.yahoo.com/group/STTrdngUsingTechAnalysis/message/275
tech - If you look a little closer, you will see that FRE has finally bottomed and reversed direction. It's oscillators are EXTREMELY OVERSOLD!!!
As for "funny-mentals", as long as we have any inflation at all, there is no risk of them going bankrupt. Even if they did go bankrupt, the US government would have no choice but to bail them out (for the same reasons they bailed out the S&Ls).
XOI - New High! (Oils on fire)
cash - Then we agree! Boa noite!
Market up AH on new MCI bid...
http://www.marketwatch.com/news/story.asp?tool=1&guid={16D4ED2B-AF8E-44DE-93BC-65B0B230F25B}&...
cash - What if the 1500 target is NOT reached as projected? Is the bull market still intact?
cash - XOI gave back 7 of yesterdays 17 points gained. Your chart of the NDX is still holding way above support...
"If the market is crossing no lines (pause zone), why be a bear or a bull?"
frank - Good job! p/c ratio up from .65 to .89
cash - XOI - Options are very thinly traded (good value)
XOM options are a great value!
linzy -
Have you reversed from short to long?
blackcloud - IMHO today's first-hour dip was a continuation of yesterday's decline, and the reversal is underway now. (I expect we close green across the board)
IMHO LOD is in... Thursday Reversal Time!
CVX/DVN p/e = 10... EBAY p/e = 75
Thursday is often a reversal day...
(down yesterday, up today)
QQQQ, XOM, CVX, INTC, all trading higher pre-market...
lexus - When a security is trending strongly either up or down, overbought/oversold oscillators are useless. The oils are in such a strong uptrend, that pull-backs are virtually non-existant. I suggest you gradually scale in to XOM (P/E 14.73), CVX (p/e 9.69), and DVN (p/e 9.69). If you keep 1/3 of your funds in each of these three issues, you will be forced to sell the rallies and buy the dips just to keep them evenly divided, since they don't always move in the same direction at the same time.
On the other hand, you could always buy MSFT (p/e 28) which is in a strong down-trend (and apparently over-sold)
lexus - XOM p/e = 14.68 with better earnings ahead thanks to higher oil & gas prices! Oils are a buy! (That's a "no-brainer")
XOI - New high! (oils crossing lines)
cash - higher lows, higher highs bullish!
cash - Since both lines are pointing higher it is bullish if they are broadening, and bearish if they are narrowing. (If they were narrowing, it would be a "rising wedge")
If both lines were pointing downward, it would be the opposite.
After a long advance, if the top line is pointing up, and the bottom line is pointing down, it is a potential "broadening top" (bearish). If confirmed by a breach of the lower line, it signals a measured move down of the distance between the two lines.
After a long decline, if the top line is pointing up, and the bottom line is relatively level, it is a "broadening bottom" (bullish).
Hope this helps.
LOD successfully re-tested... RALLY TIME!!!
frank - Why is that negative/bearish?
IMHO lunch is over... RALLY TIME!!!
chubbie - one of my favorite quotes...
"Markets are never wrong, although opinions often are!"
IMHO LOD is in - higher high (and low) on SPX 1-min...
RALLY TIME!!!
DowDeva - You are not the only one who knows about the stock lock-up expiration, so it is probably already discounted in the stock price. (don't worry about the "funny-metals")
Cheers,
cash - since we are not getting the big "rally on close" that I expected, I must agree that we could "gap and run" on Monday... Have a great weekend!
cash - Or a big rally today, with a correction on Monday.
(we could hit your 1560 NDX by the close today)
linzy -
Thanks amigo... Have a great weekend!
Robert
linzy - I expect a 200-point Dow run-up!
cash - Naz bellweathers INTC and GNSS are leading the Naz into the fray!
aire - ROFLMAO! Great analysis! Great Analogy!
aire - If McClellan said 100 points back then, he would probably say 200 points now. I expect a 200 point run-up tomorrow!
Re: FRE FNM - Both charts show bullish divergence!
chubbie - your chart of the DJIA is great! It shows the ma crossover, rsi, and macd are all in uptrends, but not overbought... What could be more bullish than that?
Tomorrow is Friday, the best up-day of the week, so the set-up is complete for a bull market "Gonzo Friday"! (JMHO)
frank - Also an ascending triangle breakout!
Oil stocks are pushing DJIA/SPX higher...
Oil is the key commodity...
(gold is just a relic of the past)
cash - seems like the DJIA is the first to rise, and the last to fall... IMO the best bet now is to stay long the oils.
SPX 5 min - opening gap filled, double bottom formed...
RALLY TIME!!!
XOI - Oils roaring to new all-time highs!