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What's biting ISX?
So much for my "add in the $1.50 range" theory.
Thanks. ISX ... $1.50 or so it is. If I get it, good. If I don't, good.
The other "flavor of the day" is too complicated for me. Hope you guys do well with it.
Retrace to what? $1.50?
What 14.2k block? I see 1.7k but a pretty solid stack on the ask side. Doesn't look like this thing is going anywhere ST.
I hope nobody minds me posting these links on CD's forum. It's a good forum with some very bright and helpful posters but many of them seem toatally focused on PM's. I thought hinting at a little diversification wouldn't hurt.
Waiting for lower lows
ISX ... Looks like I should have paid the piper instead of arguing over a cent or 2. Darn!
That smoke may hang around for a bit. Waiting on the sidelines
Whoever sold ISX diddn't do a very good job. My stinkers never got hit.
>>>Maybe kidl changed his mind?<<<
No he didn't.
ISX ... I am out. 50% in a couple of weeks is ok for me. Hopefully I can revisit it.
OK guys, cut it out. Stop stacking your sell order on ISX. I want $2.50 or better. Pull them. LOL
ISX ... Also took a little off the table. Still holding a good chunk
ISX … Just out of curiosity … What’s everyone’s average cost? Mine, this time around, is $1.39. I am not very good at TA but looking at level 2, I see virtually no resistance and thus a possible double from that $1.39 level.
Comments?
It sure does. There is no upside resitance I can see. Maybe I am blind. Maybe someone isn't as blind as me and cares to share his thoughts.
ISX ... Maybe as crazy as me. I am averaging up bit by bit
People selling ISX @ $1.40. Nuts or margin issues?
ISX ... It's sort of "ambush trading". Maybe not the best term but the best I can think of. Always a huge spread which to me means very little retail trading / interest.
Me thinks there is some sort of deal in the making but me thinks wrong quite often.
Cheers and have a good weekend
>>>I think kidl was referring to the market action on Friday. Not your post.<<<
You thought right.
To all Canadian fert lovers:
Have a great Thanksgiving weekend. Eat lots. It's good for our stocks. LOL
What is it? Did someone designate today "No ferts Friday"?
ISX doing it again. Lovely. Good for 30% plus on every swing.
>>>Naw we need gusto...<<<
Simple, tell your barber. I'll do the same. That does it every time.
Want me to make you feel better by buying the ISX 1.31's?
LOL
Interesting MD on ISX. Someone is working hard on bottom fishing
You can thank me for some of it but I am done now. No more help from this kid. LOL
They weren't any worse than the Howe / Bay Street boyz are these days. It was just a different playing field. $1,000 plus for the newsletter and $6,000 plus internet feed per year for real time with level II. Those who had both made out like bandits. 2 even 300% per year was sort of "normal" and some did much better. These days it's a full time job to make 50% but enough of that ...
Ted Carter ... I miss him to this day.
Those were the days ... Sure made a lot of money with him.
Holding things is ok. Buying and trading around a core or while simply keeping an eye on it produces better results in micro caps and micro caps is what we are talking about.
BTW, Thanks for the BLR tip. I may just go for it if the momo continues.
Well, I couldn't resist. Joined you "fert lovers" again with ISX. Just a nibble. Looks ripe for another excursion in the northerly direction.
I'd like to balance it out with one more fert stock. Suggestions would be muchly appreciated.
drive commodity prices: Jim Rogers
Commodity Online
MUMBAI: World’s leading commodity investment expert Jim Rogers says India and China will drive the commodity prices though global stock markets have been hit by the subprime and credit crunch crisis.
The credit crunch brought about by the problems in the American subprime mortgage market has hit the prices of oil and industrial and precious metals, like copper, nickel and gold.
But Rogers says fear of a possible global meltdown will not affect agriculture/commodities market.
“There is basically only one safe haven left: the agricultural market, also called the soft commodities,” Rogers, who is called the world’s most famous ‘commodity guru.’
According to him, commodities like wheat, corn, soybeans, cocoa and sugar will not be hit by the subprime market problems.
“Buying futures on these individual products enables people to partly hedge their 'shopping' against inflation,” he pointed out.
He said the increasing prosperity in China and India for instance is one of the driving forces of agricultural prices. “Even if the United States of America was to go bankrupt, another three billion people from China and India would still drive the demand for food,” Rogers said.
This is also one of the reasons why soft commodities are less vulnerable to the current problems than other investments. Not only have hedge funds and, to a certain extent, some investment banks, like the German IKB and the French BNP Paribas, been forced to bail out, but also speculative positions in the oil and metal market, he said.
Rogers said there is another important factor that is putting pressure on agricultural products: the increasing demand for biofuels.
“Sugar (cane) can profit from this development, since sugar is the primary commodity for ethanol. Nowadays, the relative value of sugar in comparison to oil, because of the year to date drop of nearly 20 per cent, is very low,” the investment expert remarked.
Well, at least he took the time / money to consult with his "legal eagle" as to how he should phrase his reply. Clearly says ... "we are going public"
I love lawyers. LOL
Ok, sounds like we agree. Let's keep a half eye on this industry / companies but let's not touch it with a 15 ft pole until the "street" decides that furts are the flavor of the day / the next few months
All well and good. My question: How are “we” going to make money from an industry which is thriving and thriving for good reasons but can’t get the attention of the “street”?
ISX ... Yup but just riding it as a trade for now
So far this seems to be a minority opinion not shared by Mr. Market. ISX's TA does not seem to indicate a reversal any time soon. That is unless Fert market sentiment changes. What would make it change?
Yup but why has ISX taken so much more of a beating than the others? That's why I questioned if we overlooked something.
MGO down 37%
ALM down 28%
MAA down 33%
BLR down 53%
FOS down 47%
ISX down 65%
“it will bounce at some point its a snowball effect now”
It will take a lot more than a snowball to stop this avalanche.
But seriously, this seemingly never ending slide has me confused. The agri sector is alive and well and yet, ISX behaves like a bottomless pit. Bids just get whacked. I wonder if we are overlooking something …
They are talking about ISX which just dipped below $1.
Lower lows, lower highs. Everyone is looking for a bottom ...
No, I wanted less than $1.47. I just don't know how much less since I am pathetic when it comes to TA but ok, I'll stop inflicting pain now. LOL
Likely just someone trying to prevent a margin call according to my crystal ball.
I want my ISX back but where? 1.20's? 1.10's?