COMMON 9,000!!!!! Common. Options expire tomorrow by the way.... certainly bullish the way we tested support and rallied hard.... At the close..... oh just missed 9K.... What a late explosion.... there is not a sad sack poster who can rain on this thread anymore. WE DID IT FOLKS!!!! I actually made my American Express Bill today, which is a good thing because other wise they WEREN'T GETTING PAID!!!! Oh the back was against the wall & I truly came through for you all, put this one in the book Byron! CAN THE MARKET BE TRULY BOTTOMING???? Is 3rd Time A Charm?????????? Stay tuned.~ stoney
REPUBLICANS BUYING STOCK! Good morning Stocksters.... I have a feeling now that a tradable bottom is in, Republicans will start buying stock like mad in an effort to goose the market up so MCain has half a chance. This two week period should be UP. Followed by a disaster laden 2nd half of November that folks will blaim Obama for. Then starting Dec 2nd a HUGE RUN into the end of the year; 14% is my guess in a month. Folks will then turn around and talk about the Obama Rally, but politics will not really be the source of the down or the up- the forced selling of hedgies and mutual funds will abate Dec 1. The initial round has abated NOW for hedgies but is still going on in mutual funds. When you see big downticks at the end of the day- that is mutual funds meeting daily redemptions. The most favored stocks by Hedge Funds however have already been sold out. Their selling will pick up in force again soon I imagine as the weak ones go under at end of year... their window for redemptions will close Dec 1... and that along with a lack of selling from the now sold out mutual funds will lead to a bix x-Mas rally. Good feelings around Decemeber MIGHT rub off on some Christmas retail assumptions which are below low right now, so as stupid as it sounds I will begin drawing up a list of some retail names for Dec. 2. Investors pulled $43 billion out of hedge funds in September. this data from TrimTabs Investment Research was to be sent to clients late yesterday - Hedge funds are working to prevent far bigger redemptions by the end of the year, when many funds give investors a chance to take out money. So it is to their benefit now to slow the selling and start the buying. A higher market will = less redemptions. Despite this, october will show more redemptions... that's why there is this little swet spot now for two weeks when I think it is to everyone's advantage except Obama that the market go UP> Redemptions alone would not be a problem save for the fact that the hedgies are so leveraged; JP Morgan estimates that every $150 in hedge Fund redemptions translates into $400 worth of portfolio liquidation! bastards! So to those who do not like to predict I say, enjoy a Republican led spending spree the next two weeks as we get close to the election... then book some gains for a messy last two weeks of Nov.... and then go all in Dec 1 or a few days before or after. ~ stoney
ALPHA NATURAL!! Yikes. What did I tell you? $33-$39.... VERTEX!!!! I have more buy orders in at $26.50 for an afternoon pullback if there is one. MOS next to run. Still watching PCR carefully, has characteristics of a big mover but not yet. APWR wants so bad to recover from recent downgrades. If you want the strongest bio it's QCOR I just can't bring myself to buy it for some reason although everything I read is good. Well I've been so darn good this week that I should really quit while I'm ahead.... there's buyout stuff maybe happening with MI and WGOV we haven't bought yet but just about EVERYTHING mentioned in this thread has worked out great. If I did want to push it. And you know I'm the weak kind in this regard.... I would take a stab at the Brazillian ETF EWZ. I haven't checked in on that AUTNF.PK yet but that's a stock clearly benefiting from this whole meltdown. If I had the strength I would probably put QSII under the microscope now... healthcare tech is a good place to be especially putting personal stuff into computers... these guys eliminate the paper and reduce costs. But I'm just too damn tired. Great Great Week. Finally. Now twenty more and we're back to even! ~ stoney
I'm hearing Brazilian Central Bank will offer credit lines in dollars on monday through discount window. Central Bank to accept country's sovereign bonds as collateral for loans made through discount window. Central Bank will mandate that funds drawn from discount window are used to offer credit to exporters.... Having trouble comprehending if this is significant. Is this a rescue package and shouldn't the Bovespa especially the exporters go way up? This is where I make my fateful mistake folks. With one foot out the door and not enough research in. Aracruz is a great paper stock down there at fire sale prices, surly the will benefit from this rumor however their hedging and betting against the US $ has killed them...~stoney
GMX RESOURCES INC(NasdaqGS: GMXR) NEW Real-time: 32.52 2.70 (9.05%) 1:05pm ET I don't know why more people aren't saying thank you for all these great ideas.....
When the history is finally written about this bottom. It will be Art Hogan, Warren Buffet & Stoney and that's it. Those are the brave, those are the ones that put the testie juice back in the balls of these scared portfolio managers. Thank you to those three great Americans! EWZ just exploded through $40. I'm watching it go. Just don't want to get greedy that never works out well for me. Well, it's off to 48 hours of backbreaking leaf raking before we do this again. At least this weekend I can sleep peacefully and interact with Scruffy the Blue jay and the rest of my birdies. It's my wife's birthday today too. (no present just the leather couch she strong armed me into buying two days before the first crash).... Finally I'm not afraid. 3rd Time WAS A Charm and with that I put this thread to bed. ~stoney
The guy is fking crazy! This guy will be long gone in a year or two like most of the charlatans wo come on and rave about themselves! In 2 years he's made 2600 posts! !
I count 15 consecutive posts to himself since my last post to him (I cannot account for idiots I have on ignore). That reminds me of the homeless people in the park, who you see talking to themselves. Is he Cold/C-kid/trader28 mixed with Stock_Trad3r? Why should people thank someone who has nothing of value to say and is constantly admiring himself???