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Looking much better now, so is a lot of other stuff... January effect in full force? February concerns me though...
10.91 target according to P&F in the ibox...
For future reference, please keep to HL - related topics, thanks man!
Have a good weekend !!!
HL - Took the loss at 2.77 - next week should be interesting...
Backwardization? - Short Squeeze? Hyperinflation? I have no idea, you tell us...
Mark the HUI intraday bottom here at 2 PM imo... as far as the market rally, ride it through January perhaps, but once we hit February, get ready cause it might be time to do some further sledding...? We'll just have to wait and see... and Yes I do agree, the Obama Pump is on... but how long will it last?
What do you use on Google, do you use kitco? Reason I ask is because there are many different ways to determine the price, in fact, someone correct me if I'm wrong, but doesn't CNBC quote the leading futures contract price?
The volume on DXO today is phenomenal! That thing is super liquid!
HL - Average down at 2.80 here...
Nickel is rallying like crazy today... probably has to do with all the destruction in/around Israel, etc...?
Needless to say, I'm long...
Potential cup and handle forming>>>
Breaks $2 - Should target about $2.60-$2.75 next...
A major short-squeeze is about to occur, watch the January $2.50 call options - Symbol = .HLAZ.
A major advisory recommended members to write the options naked and sell them at .40, we're currently seeing that level on the bid, and now with silver surging and the open interest on these options at 30,902 which is the equivalent of 30,902,000 shares should all of these expire in the money!
Get ready to watch the shorts squirm, especially those who didn't listen to the warning shot (the news that came out on New Year's Eve!)...
HL - Long again 2.84 with silver surging!
Tom,
Hiven our discussion in msg#88 and msg#89 on this board.
Wouldn't you think the company currently has the 60 million to pay, they are simply delaying payment because they don't want to exhaust their entire cash position?
Hi Len,
What ticker do you use to track the price of gold and oil?
Thanks, #msg-34430119
HL - in at 2.77...
Intraday-bottom-fishing...
If Silver goes green later today, this will get a nice boost...
EDIT - 10:11 - Out at 2.84 (+.07) - That was fast!!!
~~~~~~~COMPX 1/2/2008~~~~~~~
Previous Close 1577.03 +26.33
1613 SSKILLZ1
1605 FinancialAdvisor
***SUP 10.52 - Potential short-squeeze play for this month. Has a solid technical set-up, even pays a .64 annual dividend, 6.50% at current prices! Likely to be cut as automobile production slows down, but the company still seems to boast a book value over $20.
Very interesting play with 1/3 of the float short >>>
***IMN 13.57 - Potential short-squeeze play in the short-term...
Could it fill that gap to $16.71 this month?
***KALU 22.52 - Has some solid fundamentals at this level, of course the aluminum business has been hurt by the year-long recession, but a bounce might be in order as the "January effect" kicks in?
Watch the 50 day moving average coming into play here at 23.84 >>>
Watch the MACD crossover potentially about to occur on the weekly chart >>>
***TBT 37.73 - may have confirmed a bottom reversal on New Year's Eve?
Just a matter of when, we may have to wait till February though...
***TMR .57 - With potential stresses in 'Natural Gas' pipelines from Russia to Europe, TMR could see some playing time over the 2 coldest months of the year.
Hit a 52-week low on New Year's Eve of .55/share before closing at .57, there did seem to be some interest due to the surge in oil & natural gas prices, see the volume >>>
***SRS 50.71 - Something I'm going to keep my eye on for a bottom reversal soon...
SRS = UltraShort on Real Estate...
Resistance as previously discussed -
Will it break ?
How does it feel to ring in the new year knowing you may have caught the bottom?
The Jim Rogers interview I referred to is on youtube, or you can check it out here: http://financialtruth0.blogspot.com/
It's under Monday December, 29... and it's towards the end of the interview where he brings up shorting the long-term bonds and that people can't be too wise to be holding investments in the U.S. ("government") that only yield to 3-4% 20years+++
I highly agree with him! Perhaps it bottomed and today was confirmation?
Champagne on me tonight - go baby go !!!
HAPPY NEW YEAR !!!
HL - Out at $2.75 - Time for lunch - Add a penny to the dime...
The 50 day moving average - Right now - Any and all dips.
Happy New Year!!!
1) ATL
3) ATL -2.5
6) Under 50.5
7) IND
9) IND -1.5
11) Over 51.5
13) BAL
15) BAL -3.5
17) Over 36.5
19) PHI
22) MIN +3.5
24) Under 41.5
Hopefully someone can remind me to get my picks in next week... hope I don't forget ;-D
Happy New Year!!!
Truth is paramount...
In the great words of Chris Farley in Tommyboy, Holy Snikes!!!
Open interest now 30,632 = 30,632,000 shares!!!
This is on the $2.50 call that expires in 2 and a half weeks...
I know a lot of options are run by program trading... there are actually financial companies out there folks who make a large sum of their corporate gains off of simply naked writing options... this might be one case where their programmed trading goes terribly wrong!!!
Happy New Year!!!!!!!
With silver & gold now surging, setting up for day 13 of the same or higher intraday lows, you are correct, this is setting up to be extemely bullish and extremely explosive!
HL - long again daytrade $2.64... trying to catch a ride on the silver & gold train with both surging here intraday!
I agree on the RIC lead, that's a no-brainer, no debt, and trading safely under book-value!
As far as HL - Looks like the 12-day streak of higher intraday lows over the previous session will come to an end today as I figured but that's ok cause I don't expect volume to be too menacing today so it'll provide an opportunity for the gap to potentially fill should a sharp spike occur, if not, we'll see the gap support kick in ($2.55).
Happy Hunting Folks...
and HAPPY NEW YEAR!
~~~~~~~COMPX 12/31/2008~~~~~~~
Previous Close 1550.70 +40.38
1590 SSKILLZ1
1575 BullNBear52
1564 FinancialAdvisor
Great & yet bold move as the market volume slows during this holiday week, it seems to be increasing in TBT...
Like Jim Rogers, I might not be the best market timer, but I highly agree with him towards the end of a recent (Monday, Dec. 29th) Bloomberg interview when he says he doesn't understand why someone would invest in U.S. bonds at 3-4% for such a long period of time, he calls it the last bubble... and I think he's on the right track...
2009 could be a banner year for something like TBT which gives leveraged exposure to short bonds!
Don't ask me where the bottom is, but I have a feeling we'll find out very soon...
Good luck!!!
Looks bullish short-term, but I'd be very concerned once this Obama 'Inflation' Plan loses its luster... Yes I said inflation, not stimulus, because at the end of the day, we still have the same problem, and that's a bankrupt dollar, the real source of our economic woes!
Ride the wave higher now (to lower end of $400's? - Just a guess), but once it's over (perhaps early February) - It might be time to let the dogs out and take her for a late winter sled-ride...
Good Luck!
Does anyone else know of a stock that has posted higher daily low's each of the past 12 trading sessions?...
Profitable, pays a dividend, and got a contract for solar panels recently...