We is complete crazy talk. It's the "royal we;" me and me. I often shout down to the coverage desk too or put you on hold because I'm in a meeting!
damn LVS stock has doubled TODAY!! 4.86 to 10.97 at the high, currently 9.75 +4.78!! Oh man whenever you look agast at a chart and say that's going to zero buy it!!!!! that little bit of hesitation is only saved this week by the very strong Ag's... thank goodness for them. We are in danger of having a MELT UP! I don't know what to do here. Currently in a mini bull flag. Myself and the market... Anyone feeling 75 bp? ~ stoney
My god stock I'm not bullish on LVS too much debt... I prefer MPEL! & my City Of Dreams.... Folks I'm a two faced Bayatch. I'm taking Amazon off the table at $60 we just bought it at $49. I know I know. I know. STLD ladies and gents keep an eye now up 11% again. AZO is $121 WOW that moves like a greased monkee, it makes my ORLY look positively silly. EWZ has been El Marvelousio.~ stoney
On Blackrock. well there too we have a decision to make soon. $107- $110 purchase yields $20K gain already and the chart shows there were buyers at 140 who took losses, not too many but they will be angry on the way up and quite a few at 160 who will sell onto us.... So we shouldn't get too greedy $155 - or so Well here we are again folks. Sitting on top a rocket awaiting ignition, so early in the day though... this could go both ways... only up 100 watch that be 400 in a blink and then back to 100! there could be added language this time about loosening of credit markets or a new bailout for homeowners in the works... dangerous to be short. Fingers will be on the triggers... Silver up a buck. Who love ya folks? ~stoney
bam even the boring wake up- SCIENTIFIC GAMES(NasdaqGS: SGMS) NEW Real-time: 16.91 2.20 (14.96%) 2:13pm ET Why? I don't know can this be lumped into casino.... it's much more $1 per person stuff... recessionary stk... The ole' 14%... the only problem is I bought the name right about here last week... in the high $15's... so for me not so great. Nice to see it wake up though... here comes the announcement YES INFLATION TO MODERATE!!! What are they smoking over there?? Boy this is a dreamland report moderate economic growth WHAT! You mean no recession... some thought they would declare a recession today!!! Market went negative.... because this was the common call... I wanted 75 that would of blasted us off.... Lets see if we can turn back up here~ stoney
Wow folks this market is vicious. The SPX lost 26 points in just 5 minutes and the last ten minutes was a complete puke... sound familiar? The only problem is I imagine when " we " check the volume tic for tic... this will of had a lot more to it than monday's... still two distribution closes... hummmmmm. Ok there is clearly now a bull argument. The Bull- Hi money on the sidelines how do you do. I'm not scared of world markets meltdowns anymore and I have to mail our a qtrly update letter soon. I'm a hedge fund and I better put my cash to work as this market goes up or I will fall far behind my peers!.... If just a few big ones do this we will have a whisper rally- Did you hear what Citidel is buying? instead of a cascading sell climax brought on by rumors of Citidel liquidation... the bear argument ... 1. We had an Institutional Investor red flag yesterday from the actions they showed on their "core holdings": * They increased their holdings on 40% of the "core holdings". * They had no change on 19% of their "core holdings". * They decreased their holdings on 41% of their "core holdings". In other words pretty much flat.... 2. The number of daily New LOWs on the NYSE: Yesterday's reading was at a negative 592, which was higher than the 585 on Monday. Did the small investor got exuberant while Institutional Investors sat and watched?? ... I actually don't think so but I'm considering all options... I do feel there has been real buying by hedge funds- look at POT today... a fever however short lived to be back in Ag... and other hard hitters are buying, college endowment funds, pension funds..... perhaps not Mutual Funds yet, still bracing for end of year redemptions. After Nov 15 everyone will know where they stand and there will be a HUGE PANIC BUY upwards.... I was going to title my thread then " The Obama Rally " but some clever soul beat me to the punch here at ET. I was worried though it might get highjacked into a political back n forth with that title and not focus on the market. Right again. nasty nasty finish. Ski slope. As I remember we started down and went up then back down... I'm always tempted to believe the second direction on fed days-- in this case that's the UP one. So I'm still firmly in the chair in my underwear. Time to shave have a pipe and get at the day! Honey? What's wrong? ~ stoney
DELAYED RALLY DAY. Boy the national news was tough on the market last night talking about a failed rally in response to the fed... not sure I agree with that... how about holding the line on 800 pts the day before with no retrace. idiots. There was some rumor about GE in the last ten minutes that contributed to the slide. Immalt was out drinking overseas and maybe said something or maybe he didn't who knows... not been a good year for him. The greater problem are the nervous types who await their margin calls and sell on a whim. With some of the bigger players sitting out we will have to continue to lure them back to the market with BIG UPS which is what we have today. Now lets get to the serious problem of my stars on this thread-- you can look they aren't any. I would argue that this thread is just as good as my last two, 5 STAR and 4 STAR rated... and this NO STAR business is either laziness on the readers part or a damn challenge. You know I will type and type and type and buy and buy and buy until those stars appear. So as we BIG UP today toss stoney a star or two huh? Is there anything else as interesting on ET than one stoned investors attempt to stay afloat in this treacherous market? If yet another BIG winner is needed to push us over the top we will endeavor to do just that today. ~ stoney
very very tough day for me. I'm in one of those places I don't like to be. Spinning. A lot of stks I like aren't passing the last common sense filter test... Like the consumer sentiment numbers are so bad I just can't by retail even though I want to. there are some beat up solar names one in particular that I like Rene Solar SOL... but Oil is down and going lower possibly. I sold my nat gas plays to applause but the stks have roared back... SWN is the one that I have rebought today with earnings tonight. This is the rare stock that the hedge fund owns and I own and like AND they are not selling going into earnings, it seems I am always the one left holding the bag- not this time. We in together. So SWN $31 and change I'll firm that up going into earnings that is your play. Play number two... The Ag space is drawing me like flies to you know what. It's very tough to resist when all the action seems to be in this space... Agrium is a rather stable company from Canada. I've always liked them and their CEO... so @ $36.42 with a pop high today at $40 and tons and tons of open interest contracts at $50 & $55... I'm taking a chance this rebound in the sector will continue. In the more speculative realm... I'll wait to 3:40 for this one but a small biotech that makes money reports tomorrow QCOR... it's a stab at luck I'll admit it but it's a stock who's chart you may want to take a look at.... if we could all be in those things would seem a hell of a lot better. Today was really really tough folks... I spun through AFAM / TRLG/ URBN/FTEK/SOL/TSRA/ QCOR/BEBE/KALU/STLD/DOW/SWN/ GMXR/ HBC....... THAT'S SIX IN THE MORNING TILL 12:30 for you all and then I give up the picks too & at my price... who else does this on ET???? WHERE ARE MY DAMN STARS! * * * *~ stoney