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UTX Aug 70 calls@ 0.80
Very nice Langy! Congrats!
Actually it should be “Baroque”
What the bitches don’t tell us:
1. The manipulation is due to Ben B’s deposition tomorrow.
2. The move is amplified via a rumor: “Doug Kass: the market is rallying on rumor that fed is eliminating 25 bps paid on banking industry’s excess reserves”
3. Rumor #2 says that the Fed himself started rumor #1.
Like always...the banksters…
Your post!
B: that was very, very interesting! I agree! “Banksters and the Political Camarilla” should be Part II of that story…
B: Who is that CNBS bitch?
Here we should go up for a while. SPX established a very technical support. Chart later...
Neither....12.80 and bounce...is when I would go long.
Good Video! Thanx!
On 4/15/10 BAC started a downtrend. Since then, the descending Price Channel and Regression Channel were never violated. However BAC bounced 4 times from the lower limit of the Price Channel. Such a bounce could now happen again if it reaches 12.80 in 2-3 days.
That was a good price!
Thanks UR! Good to know.
I am also watching BA closely… I was expecting a bigger and more sustained UP this morning.
Yes, nice cars! Checked one in real life! A class above anything else electric or hybrid.
This market looks like a bull-trap! VIX is +. I do not go long…Maybe short….
TSLA up again: they go to 5 new countries on 3 continents.
Back to Batteries…Thu July 15, Barron’s on Line: “Wunderlich Securities analyst Theodore O’Neill this morning picked up coverage of both A123 AONE)#and Ener1 #(HEV) with Hold ratings, taking a cautious stance on the outlook for the lithium-ion battery makers....Of the three companies who have received DOE funding, O’Neill notes that only Johnson Controls #(JCI) has a record of serving the auto industry or has the infrastructure in place to service it. He says both AONE and HEV are starting from about the same point, and both are developing near-term capacity to supply 24,000 electric vehicle batteries per year for the same customer set. The analyst says they have an equal chance of success - but that both are behind JCI in infrastructure and customers.”
OK…but this company, founded in 1885, is too diversified to come up with revolutionary inventions. With a P/E = 16.7 it looks solid. Now, let’s look at JCI on one of my favorite TA constructions. It looks like a decisive level for the immediate direction is just above 28.
Last week it was hard to trade indices. Let,s take as an example SPX on a 15 min. chart that I have shown before. A good SHORT signal came on Wed 14 afternoon. Got in with all sorts of stuff and got “whipsawed” on Thursday afternoon. I kept only a few puts (not enough of them…) but increased my VIX calls holdings, because VIX was still strong…Could I have known that this was only a tricky whipsaw? Yes, by following the sequence of the pseudo-fundamental events that afternoon…But not only that: while THEY were pushing all indices up, TNX had fallen from the SKY and its forward looking correlation with SPX (discussed in #58003) was a clear indication, on intraday charts, of what was written on the wall.
Next time I will be stronger…
Their spin can be illogical and dumb…it does not matter! The 3 sturgeons of the morning will always say something good about the “recovery”. BQ can always show the inside of her miniskirt on a barstool!
Yess, I sold them at 4.00
Got a confluence = support for SPX at 1068. Let’s see if it holds today…
That's right! I think Da Boyz are watching your charts!
Here is something:
"Wunderlich Securities analyst Theodore O’Neill this morning picked up coverage of both A123 "http://online.barrons.com/quotes/main.html?name=&symbol=aone"(AONE) and Ener1 "http://online.barrons.com/quotes/main.html?name=&symbol=hev"(HEV) with Hold ratings, taking a cautious stance on the outlook for the lithium-ion battery makers.
O’Neill notes that both companies are among just three that have received funding from the U.S. Department of Energy to build out the lithium-ion battery infrastructure component of a domestic electric car food chain. He notes that it is going to be a very expensive industry to develop: the analyst figures it will take at least $1 billion of investment to meet demand for one tenth of one percent of the world’s cars, were those to become electric.
Of the three companies who have received DOE funding, O’Neill notes that only Johnson Controls "http://online.barrons.com/quotes/main.html?name=&symbol=jci"(JCI) has a record of serving the auto industry or has the infrastructure in place to service it. He says both AONE and HEV are starting from about the same point, and both are developing near-term capacity to supply 24,000 electric vehicle batteries per year for the same customer set. The analyst says they have an equal chance of success - but that both are behind JCI in infrastructure and customers.
O’Neill contends that for lithium-ion batteries to penetrate a significant fraction of the world’s auto market, prices will have to come down about 50%. He thinks that can happen in 2014, when cumulative production hits about 150,000 electric cars.
The analyst sets price targets of $9 on AONE and $3.50 for HEV."
Inerestig! TSLA up big while AONE is down. WHY? Are they going to use a fifferent battery for the new prototypes for Toyota? However C/P vol today for Aone is > 45!!!Let's find out more!
Somaxon is a sleeping pill which not only works, but it does NOT create dependence or “abuse” because of the need, as experienced by patients taking other analogous drugs, to increase progressively the dose. These are 2 important qualities of their product. The potential market for it is obviously huge. In the present market conditions, one might get it cheaper.
Nice chart and action! Congratulation!
AONE and TSLA go up together but AONE is by far better…
VIX Aug 30 calls @ 3.30