Drove into town today

for the first time since the 2 storms dumped. Glad I don't live in there and really feel for them. This will help to destroy already stretched local gov't budgets.

I agree

with your thoughts. Looking at X myself especially with its pullback premarket. Grabbed some F yesterday @ 11.01 liking the technicals 1st and the fundamental story 2nd.

Any chance for you?

http://www.cnn.com/2010/US/weather/02/12/winter.snow.storms/index.html?hpt=T1

Perhaps

the Germany and China news.

Read it Cap.

So what do you think the causes are we'll be taxed to death? Too many for me to count...no one person or thing....well I'd say a big one is the American society of wanting it now and not work for it....greed...may be the biggest. So or later the old saying: the piper must be paid.

You're right about that! 45" here at my home since last Friday and drifts that are higher. We're loving it!

Are we having

fun yet with the snow?

Laid out

bids for short positions in the 20 ma areas allowing for another 1-1/2% bounce yet or so in the S&P. It is risky however as you said with unemployment, etc. in the wings.

ok.


Just got home. You peaked my interest. I'll take a look and maybe pull the lever after hours for Monday. Looks flat since the close.

1071 touched overnight...hmmmm

:)

Hi guys!

Happy New Year and hope your Christmas was a joyous one. Been busy on a decent sized project for myself so been waiting for FDO to bring me some bacon after temporarily ripping it from me in December. Appears their business plan continues to be solid and the bacon returns to me today. cya

Geez

just got home and had my butt handed to me.

I could handle that. It would be a final topping to a very good year of trading. It has popped 10-15% in the past with good results. 35 definitely in the radar in that case.

Their sales\earnings of the quarter ending in November.

Hi Law,

I'm riding FDO again hard. Thinking of adding to the position. Technically it looks excellent and they may do a preannouncement within a few days which I'm thinking and banking on upside surprise. :) They're just too many people out there that are hurting that mainstream media would rather forget that are pinching their pennies.

B

Playa,

Sent you an email Wednesday.

B

Way to go Cap!

Was trying for SKF last week but it didn't come down to me. We'll get them the next time. :)

Yes I have been.

Now jabbing in and out. Have been very fortunate since 05\08 when I began trading again.

Playing very little

in past several years. Been an interesting journey. You still have the same email from 2006?

Bang!

Gotta go. Talk later.

of course!

used MAP :)

Wasn't Easy also calling it? :)

Appears

March\July low TL lending support in early morning trading this a.m.

Thanks Lee,

At face value it just seemed crazy to pay that valuation.

Question to the board,


Why would people buy Dollar General's IPO yesterday at that valuation. (I believe ~ 28x earnings) Especially when the rest of the sector is closer to 15x, give or take. Thanks.

B

Yes Father,

1 Corinthians 13.

B

Rainstorm

I thought I was riding through one. :)

http://www.reuters.com/article/marketsNews/idCAN2715701420091027?rpc=44

Now reentered

a favorite, FDO. Appears to me a 31-33 target is in sight technically. And fundamentally it's solid, especially in this environment.

HOG ride

finally finished after shorting all the way up starting on the 15th. Covered earlier at 26.10 for a profit. Not the way to trade, but I'll take it walking away counting my blessing. Although I think it has a way to go to the downside, I think I'll take a break from it. And looking over my shoulder currently, it was a good decision. That was one crazy ride.

November or October?

Perhaps because they were blinded by greed?

Well sir

based on the intensity/duration of the bounce off the March lows, I believe the possibility very much could exist. One thing I've noted that I don't remember seeing discussed on the various public forums, is the volume hasn't appeared to me to significantly increase after Labor Day as many folk had forecasted. If that is true, I'd think that could offer support to a quicker reversal. Kinda like the futures in the off hours? Yesterday did help support my thoughts on the past several days' action and it surely supported my current position in HOG. :)

B

Thanks Lee,

and HOG surely wrenched mine. Ouch indeed!

Good morning Lee,

Between a gut feeling and some tech indicators for the first time in this 7 month runup showing some weakness, the last three days seem to have an undercurrent of change in the direction of the markets. Perhaps a few more days of consolidation but I'm real tempted to begin scaling lightly into some LT postions for a ride lower. Your thoughts although with your trading style it may be somewhat irrevelevent?

Fabian,

I would also be interested in hearing your thoughts on this stock. tia

I hear you.


Will be an interesting next few days. Curious to see if other rating agencies follow S&P downgrade to sell with target adjusted down from 23 to 20.

Yes

My arse is being handed to me.

CR,

Thanks for the link. I stepped in front of it a bit early. S&P came out and adjusted target from 23 to 20 and sell rating. Options exp. tomorrow. Crazy times....again. This one brings back memories of shorting BEAS in the early 2000's.

HOG

Another short squeeze in process.