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Cap,
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Actually the message I deleted this a.m. was to say I was considering buying at 21.03 and then saw it actually had hit 21 and was on its way up when I was posting. On my weekly chart there is a tl right where it closed and makes sense where the B\A is at the moment. And its a good one, one of my specials. :) Starts on the low 10/31/97 and connects 10/26/04 low. Check out all along it the price action. Definitely been respected over the years. And today could have been like the Bin Laden blow off day. Guess we'll see tomorrow. Sure hope AIS comes back some. 2.03-2.06 is what I'm trying to get.
Amazing FDO
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Wasn't prepared to sell it based on the news. Was watching AIS primarily and just happened to see FDO at 11 take off and I was in shock. :) Got a sell in now but I doubt it'll get there. Dumped all the AIS today again :) for another 6.5%. I'm seeing some intraday stuff that makes me think a pullback is soon. Have buys in at 2.02. But it may not falter. It's running hard. Take a look at the intraday stuff see if you see anything. Thx
Delete
FDO will be hammered
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missed in earnings. AIS keeps on chugging. Curious to see if any reaction from the funds that have assumed decent sized positions in FDO. I thought you had a stop in to protect?
Cap,
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Here it is spelled out clearly. "While the $600 billion purchase program, known as QE2, winds down, the Fed said June 22 that it will continue to buy Treasuries with proceeds from the maturing debt it currently owns. That may mean purchases of as much as $300 billion of government debt over the next 12 months without adding money to the financial system."
Be the ball! :)
You may be golden to that 1200 + or - area now. Rebalancing of Russell yesterday drove AIS eod\AH to 2.17. Will be curious to see where it is Monday. Like to see it finally broke through the 2# to maybe 2.05-2.10 but not holding my breath. What they need is some positive news premarket to throw a wrench in. :) FDO.......who knows what is going on there. Wednesday by 8:00 I'll know. Just find it interesting between their pps and DLTR's, how it has been widening big time. Something doesn't make sense as I'd think they're doing every bit as well. And once they're done with their store remodeling project which I think is in the latter stages, it should add to sales and be an expense item off the financials.
Ridem!
Gotsha.
Cap,
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so you did hold?
Pathetic yep!
Yep
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and 15 minutes ago Avondale analyst came out and gave it an outperform and a 67 target. Wonder if they bought today?
If you have access
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check out the daily candle now for FDO. Bullish? :)
OT
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the idea that he released those reserves today knowing there is plenty of supply........... no comment.
FDO
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what a piece of work. jeesh :)
Law,
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It's been a long road back from the DLTR crushing at the beginning of the year, but getting there. I really like the potential of this AIS, and in particular like its action today with what is happening in the markets. That may be one for you to work with fwiw. FDO not sure why that big of a sell off today. I think there is some things happening behind the scenes that I just don't understand with these funds buying huge positions of it. Regardless, I think it'll continue to do well in this environment in the long haul.
You're kicking butt, taking names!
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Way to go!
As in stay home for vacation? eom.
There you go phrase of the day
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from the oil trader's pit, "Summer of the staycation."
Law,
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trading anything at the moment?
Closer? eom.
Cap
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Line in the sand should be ~ 1270-1275.
Mo money! :)
No I haven't.
Well
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he said no rate increases so not yet for PST. SDS I'm thinking the classic 62% retracement for myself to attack it. ~20.80 area = ~ 1325 area. But hands are full at the moment with AIS and FDO. AIS may break out tomorrow for a pop unless the intraday ascending triangle totally fails which it started to do eod.
PST
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looking a bit enticing.
Cap
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All in again with AIS. Like how it held\consolidated past few days. I think the 2.35-2.45 range may be the next target.
There you go
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buy, buy, buy. :) http://www.bloomberg.com/news/2011-06-19/stocks-cheapest-in-two-decades-as-s-p-500-falls-with-earnings-climbing-18-.html
Nice play Cap.
Cap that's great!
There really isn't
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Cap. Just the amount involved and having been up 20% a little tough to take. Trying to get in again in the 1.80-1.87 area. Still think there is much upside and also it may be a good one to swing trade based on past action. Just copped an attitude and dumped it. Dumb. :) Sat down to see some golf and rain delay not sure now what is happening. Will check.
Early in the game
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appears your hunch is correct. Oil is dropping, breaking thru support but next one is close by in the 90 area. S&P breaks, could see 1225 real quick. Cleared the decks of all AIS yesterday for 10%. Real dissappointing but ready to pounce on it if it hits 1.85 area. Had 20% last Friday while I was on the links. Still a nice payday. FDO will be ridden to earnings in 2 weeks at this point.
Ok
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check out RIMM. Ouch!
I think that was it
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bounce time upon us. Thinking about SSO.
Thinking double tap
and then rally of some duration....more than a day. :)
Note 200ma 1256. eom.
Won't say
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it'll have an effect but they'll do something sneaky.
Nice Cap!
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The way I'm playing AIS is totally going against my style. Hope it doesn't cost me. Thought it held up decently considering what was going on around it. And it is quietly building support above what I think is a key level 1.85-1.90.
Up that % on SDS! :)
I'll give you
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mine when AIS hits 10 and FDO 75. :) Appears something may be finally brewing with FDO. Interesting action (and volume) this afternoon. AIS nice consolidation today after strange sell off yesterday. Still think it could jump in the blink of the eye. Also ANY bit of decent news and it will be HAMMER TIME! :)) (2.35-2.50 EZ) Just love that freakin chart.