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Looking like tutes are starting to dump,, large blocks this am.. shorts have been hard to find
Yeah looks like the momo continues for the moment,, but, why mcp is moving does not explain why ree is moving,, if anything it should take it down.. The way the PR is flowing sure reminds me of a Penny pump and dump
Outta here too have a good night all
Not sure about your screens but I cant see much of my wall paper or desktop
I have on my wall
Dont Be Greedy
Take Profits and run
Leave Money on the Table (because it's easier then picking tops and bottoms)
You need to write that down and post it on your monitors if you want to follow it
would add a few puts on this run today,, I am still bullish on bac but we both know it can sell off just as quick
not adding anything today except maybe some puts.. most world markets were closed lastnight
They were talking about that last week,, and also just before the dot com bust
guess I sold bac a little early
Not sure what happened but oil.gold and silver just tanked
out last bac 14 calls 433%
Thats that has been out for a few hours.. That is all fine and good but, one thing all these fools gold chasers and pumpers keep failing to mention is that the Rare Earth industry is ONLY a 2 bil a year industry, and with MCP at $85 that would give them a market cap of about $7 Bil,, so that is a little high for forward earning,, so China whould have to drop all RE exports for these companys to come even close.. trades only here
All the RE stocks are
Good Morning,, hope you had a great New Years.. I want bac to go back over 14 so I can dump the last of my 14 calls,, going to wait to add anything,, not trusting this little rush this am,, going to wait for the dust to settle.. Most Asia closed last night and most Europe also closed.. Just have a feeling something is coming and not good.. gold up Silver all time high, oil up, dollar up!!!
Happy New Year everyone and Good Morning
Outta here early,, not that I have been here much,, Back to trading again next week.. Have a HAPPY NEW YEARS Eve guys and talk to you all Next week
Interesting bac is green and there is buying and green in the jan 13.50 puts.. guess hedging bets
imo the rug is getting pulled soon,, Way too many people in these trades right now.. when the door opens I dont think it's going to be big enuff
Careful of the rare earths,, the real news is starting to flow.. China now talking about not cutting exports as much and you also have to keep in mind none of these companys have production for at least a year and the whole industry is only 2 bil a year and mcp alone right now has a market cap of 4.5 bil.. thinking they are going to keep these propped up till next week to pad the 2011 book
Good Morning Guys and Happy New Year
Have a great afternoon Guys,, staying away so I dont buy something LOL
Thinking next year is going to be more about stock picking vs just riding the market as a whole.. There is so much out there under valued and so much over.. mcp case in point, here you have a company that now has a $4.2 Bil market cap with little to no earnings for a year and only one mine.. run all on hype and scare,, now does anyone really think it will hold this til they start making money... Then you have the banks, which imo are undervalued. As I have been saying all along if these banks dont get moving soon, what every rally we think we have will not hold.. Then we still have the jobs issue,, imo this report means nothing.. Temp xmas jobs, which will be gone next month.. and is oil keeps climbing, well, that will not be good for anything as it will take ma and pa $100 to fill the gas tank.. it really is hard to put the roses colored glasses on that it seems that everyone else is wearing
My only real problem with anything is, everywhere you look everyone is soooo bullish. Which is not a bad thing but, the market has a history of making as many fools as it can
I have thought about the samething.. My thoughts are why the markets has held up so well is, tutes have held large chunks of their big gainers, pulled only what they needed to (the low vol we have been seeing), and next year they will dump their big gains to start their books off with gains. That way they can take their time to find new winners.. Another thing you have to keep inmind, A LOT of trading desks closed for the year back in July because of Bho's bonus rules, they made the max they could for the year so why trade anymore.. Another issue with volume you also have to keep in mind all the banks prop desk have been closed also due to bho's new rules,, now a lot of them have and are moving them off shore, so we should see much more volume going into next year..
I'm here kinda LOL,, not doing much of anything till next week when we set a new trend and everyone comes back from the silly season..
Not expecting any real moves today or tomorrow,, but, you never know.. I do know there are way too many people being bullish about everything which say correction sometime in our near future to me
Good Morning Guys
Cya in the Morning :)
Have a good one G2
That is not always a bad thing :)
Cool glad she was home for the holidays.. looks like some cliff jumping out there
Is Mama home or off at work?
That story sure sounds like BS.. Just another sign of a bubble.. Really starting to think this whole RE hype is more about China to get the prices higher.. as far as REE and MCP they are two years away from any real production.. What China taketh away, can give back in a hurry.... Still stand by my original DD this is a bubble
Probably not a bad play,, thinking a lot of eoy window dressing going on
I am sure you can find all kinds of Fishy things there LOL
Sounds like a drunk fest
GM No fishing today?
Just trying to clean out unless something interesting shows up