is enjoying the adventure after 50 years on the beach
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Tiny profit Better than tiny loss, old Chinese proverb.
I like EDVMF for the longer haul.
Flipped my Grow for a little walkin around money this morning.
Hope some read that China rift letter (hat trick for Kitco)I posted. Spells out the potential race to acquire long term metals and oil reserves between US and China. No way is this bearish for gold or oil sands but Grow doesn't act as well as some others I own.
I am thinking Texas home builders and even sub prime like New might be a good contrarian play here. The autopsies have been numerous but the patients are still smiling.
http://money.cnn.com/2007/02/27/news/economy/homesales/index.htm
Mars, Had one breakout (I think) SGN $2.10 (+.30) has a credit card size device the monitors your EKG while your active much better than other tech. They were rumored to be working a deal with Gold Gym but the news today may indicate a bigger deal.
Smoke
I was traveling and missed the whole thing. Bought back some Grow for lack of any better ideas.
Got Qid? (g).
Gold related (China trade wars scenario, partial)Kitco Hat Trick letter
China Trade War Festers
The trade war with China remains a favorite topic of mine, probably because it was so easy to foresee, inevitable in its basis, and denied as it approached. My eyes saw an end of the seeming symbiosis between the United States and China after two to three years of smiles, hugs, and kisses were the order of the day. My forecast of open hostile inevitable trade war led to personal ridicule when jobs were being shed, gigantic investments were being made, and cheaper Chinese labor was being exploit. They racked up trade surpluses as the US racked up job losses. The low-cost solution mantra is no longer stated. Instead we hear of unfair trade.
Focus upon the Chinese subsidies in World Trade Org disputes and deliberations is a small part of the overall universal labor advantage enjoyed by China. Despite this diversion and focus on subsidies, one can conclude the trade war between the US and China has taken a notable step worse. The failed mission in late November (Strategic Dialog with China) might have been regarded as a last ditch effort to avert trade war. It failed, my immediate assessment proven correct. Well, a success if IPO bank stock issuance by Wall Streeters is the objective, replete with hefty fees. Ratcheted trade sanctions and protectionist measures are next. Look for the Chinese to deal in a constructive fashion for a while, until they realize the motives behind US actions are more political than business.
At the time Beijing officials realize the duplicity and ulterior motive to capture voter attention and seize upon their angst based on job insecurity, look for Chinese leaders to deliver harmful retaliatory salvos in the currency and bond market, to remind the USGovt and US Congress of their power. They will sell USTBonds, purchase more gold, issue statements about diversification of FOREX reserves, and perhaps emphasize new strategies of stockpiling commodities. They might even discuss openly the expansion of their military divisions. Ongoing support by China for USTBonds has been motivated by their wish to avert protectionist measures such as trade tariffs. If the US Congress pursues the WTO complaint route, China will refrain from USTBond purchases.
The enforced Chinese yuan currency peg was in effect for five years, which served as a blood draining conduit into the Beijing FOREX coffers. They now boast $1 trillion in reserves. The new National Foreign Exchange Investment company will manage the fund initially. A grand metamorphosis is underway in Beijing, wherein power is next to be shared for management of the colossal $1 trillion. No longer will the State Administration of Foreign Exchange (SAFE) dominate solely. The internal power shift is fully covered in the February report. The potential for investments is broad and wide open, sure to include gold, perhaps the entire Chinese precious metals mining output (like Russia), surely additions to their crude oil stockpiles. My conjecture is that Beijing leaders will embark on a buying spree of world class mining and energy companies, engage in large scale joint projects on a global scope, and probably widen their stockpiles to include strategic metals for both industrial and military supply chains. Gold, silver, oil, natural gas, they will all love it. Let’s not forget copper, nickel, tin, aluminum, cobalt, and uranium. The strategic metals like titanium, strontium, and vanadium will not be overlooked. The trade war will invite retaliatory strikes by Beijing on the USDollar and USTreasury Bonds. But the undercurrent not yet recognized is to be directed upon important commodities, principally gold and crude oil, the true currencys today.
Jim Willie CB is the editor of the “HAT TRICK LETTER”
Hat Trick Letter
Sorry for the negativity in that post, actually PRFV wasn't that long a wait. In fact there is some kind of lesson there as we figured it was undervalued at .25 sporting about a 3 mil mkt. cap and alliances with some major phone companies.
Then it got cheaper and they did the r/s so even at $1.25 it still looks cheap. Over the years I had several penny plays do the dreaded r/s and after some shaking and baking some attract a whole new set of players and take off.
In fact the r/s appears to be launch vehicle in hind site.
MRDAF getting some lift. We been holding this one awhile. 2 1/2 years to go.
Just shows you what waiting 3 years can accomplish. At this rate I'll be rich when I'm 100.
SSP PRFV got mention here once some time ago so I jumped on it at .20... watched it die down to .07/8 with no interest but I averaged down. It was totally dead for months then they do 1/4 r/s and get it up to .40 bid but still no action.
Then .60 then .80 where I got out even and kept some free shares, that was about ten days ago, now it 1.25 and trading about 100K a day.
Pretty strange IMO.
Bought back my NTRI at 44.93, think they have walked this dog enough, time to let him run.
Hi Newly,
Get your puter fixed? Got back from 5 days at the beach just in time to catch my GROW on a tear.
Mars the pump in X is on.
Zeev you were right calling 2500 before 2400 on the Nas, qid
slid accordingly. Rimm nice can BIDU reignite?
Welcome to the X specialists little shop of horrors. Its where they put the pump. ss at 10am cover quick (g).
TSL opens premkt at 44 now down 1.70. BIDU twice now ramps after earnings briefly then drops 10 pts and last time rallied strong to new high.
GROW is near 30% short according to last months numbers, 7.87 o/s, 6.7 float, 1.58m short. Wonder when the lenders will pull the string on these guys?
http://biz.yahoo.com/tm/070213/15460.html?.v=1
Stocks Down 10% or More: These are stocks that have lost 10% or more over the past five days and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving average that have lost 10% or more over the past five days have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
well i'm locked in with the calls but no complaints, i made the max and I'm happy.
Holy Smoke, we are going to be rich.
REFR, bought some back, nice discount.
I forgot to mention I'm always a day early, like buying ffhl yesterday.
Sounds better than page views, trying to add some, CLYP still working this one.
I bought back the qid here, it doesn't take much to jump start it.
Can we GROW again?
FFHL trying to firm up.
The really strange thing to me is they were only will to bid (at that time).75 for the F40 puts and only 400 had traded but 2200 calls. Both now about even money, so sell em both or buy em both, got to be a winner in there somewhere.
I'm long stock/ short the f45 calls but small.
He was! But believe it or not out even. Thanks, that proves something, I'm not sure what.
I told you it was a good stock... just last year before the r/s , the first one i think.
Thanks
NTRI Feb45s calls bidding $1.00 with 2 2/3 days left.
NTRI earnings, haven't we priced in enough bad news yet? 60-40 haircut on pre-announcement.
CBAk interesing "miss", Thanks West
I found that somehow my etrade platform took my java program with it when it crashed. Nothing worked after than email, couldn't open anything done is java (which is about everything); went to sun's site and reinstalled java for ie browser then loaded the firefox browser which I really like as it loads all three of my key website when it starts.
HP shipped me my laptop with a busted ram chip, always crashed in wireless mode.. their c/s sent me around in circles for months, finally took it my local guy and they found the problem in 5 minutes.
Sometimes it is something simple.
Mars, Good not to be too patient nor greedy.
ONXX $24
Grow $40.50
X +$2
DUH!
Nice one Mars, I need to borrow some patience.
Paul, Have to agree with you on A@P. He was the first short seller I ever came to know personally and the only one that ever called me on the phone for absolutely no reason other than to chat. I profiled him on a web site I use to keep on day trading and the Old Yahoo Stock Challenge called TopGuns.
He told things that just blew away all my ideas of trading. First the explosion in volume as a stock rockets, "the insiders have dumped its all over for the time being" And this I keep forgetting... "Every great short starts off as a great long."
He didn't need to get "help" with his calls which was his undoing I understand. I still got 8K of dog food company that was going to cure aids. He and the SEC shut it down. Now we will never know. (smile)
On vacation in Texas for the next three weeks. Stay with the QID and SS X.
Nice one Lazarus! PPMD really interesting company.
Thanks for mentioning it.
Nice one SSP, Missed it but I have captured many and only executed a few..
DXD longs must be looking at the X specialist with interest. He pumps the Dow whenever it starts to soften. He or the PPL will own the whole float soon.