REE/Strategic Minerals Concentrator, March 8, 2011 [View instapost]
That volume rule is a good one. Volume is "The Truth Teller". But I use it just the opposite. My bias right now is to see a down move on increasing volume and then see a low in volume indicating a turn approaching, if supported by other indicators.
Right now in the U.S. we've got the low volume, but the indicators haven't turned yet. Accumulation/distribution (a momentum indicator) is still rising but I need to see CCI get deeper yet and stochastic to tick up out of oversold and cross its average. Near happening now - maybe two more days.
Then I look to see volume move up a tad, but still be low.
Right now we're bumping our head on $2 again and I want to see us get through that. We've had lower lows going on, another indicator that we're not yet where I want to be to add.
It may explode up and I won't get to add at these prices. But I'm already overweight, as noted before, so I can't worry too much if I don't get more.
REE/Strategic Minerals Concentrator, March 8, 2011 [View instapost]
(LYSCF), (LYSDY): S&P ASX -0.52%. With all going on, not surprising. Lynas also gets a hit of -4.3%.
I won't even try to call today's U.S. action in Lynas with all going on. I am pleased that with my new settings, I seem to have been hitting the marks pretty well. I'll have to review my recent comments against recent action to confirm though.
Very early bid/ask on level 2 display $1.99/$2.00, but we can't take that as an omen yet - way too early and the maneuvering has yet to begin.
REE/Strategic Minerals Concentrator, March 8, 2011 [View instapost]
@ Chi, Omg, VB, H20 (May I call you that? ;-)), Buk, ...
"I was starting to think it was us versus the world, brother"
Indeed it is. Although it's been expressed before, I want to emphasize how appreciative I, and I'm sure all, are that you folks decided to hang out and chime in.
The increased breadth and depth of knowledge, research capability and willingness to share have greatly added to my understanding, not only of the REE space, but of considerations that can apply many places.
I think that starts to transform "us versus the world, brother" into
Putin has pledged to increase NG supplies to Japan as well as aiding in handling the reactor issues, providing expertise gained during the Chernoble meltdown.
REE/Strategic Minerals Concentrator, March 8, 2011 [View instapost]
Well, if my now very long fuse gets to its end, I revert to that mode quite quickly. But it's just much less fequent now.
Shoot, if I ever stop learning, I'll be dead.
I've always (well, when I got old enough to get outside myself) operated believing that everyone has something to teach me. And it's not always in the areas one would expect.
And sometimes the learning experience is downright humiliating!
It's amazing how adaptable us h00m0ns are though. Exposed to something often enough makes us less sensitive to it, often.
Humiliation seems much less of a concern now, although it still is painful, of course.
Have a good rest of the weekend if we don't "bump into each other".
I do. But not big. Too much "free money" in circulation that is debasing too quickly to let it sit on the sidelines. Got to keep it in the markets to earn a "nominal yield", regardless of real purchasing power.
REE/Strategic Minerals Concentrator, March 8, 2011 [View instapost]
Back in the day when large corporations had a policy of "caring for employees", the company used to have "vertical conferences" wherein the whole organization would get together for presentations, discussions, ... and open Q&A about plans, company policies, etc.
I wore many hats for a 250 person group, I guess because of my aggressive and outgoing nature and had acquired a reputation for being "different". As with any large group, most folks sit quietly through meetings like this and walk away and bitch and moan in private. There's always a few, Ralph, Dennis, ... myself who get the "tough questions" out on the floor regardless of possible "career consequences".
So this was going as usual when my 5th level (IIRC, just below a VP) said "Bill, why do you always have to ask such tough questions"?
I don't know where it came from, but my "ol' associative processor" kicked in ...
"Tom", said I, "do you know hat a totem pole is"?
Tom looked quizzical and said "Yeah, why"?
I said, "Think about it. When you're bottom man on the totem pole and look up all you can see is a$$holes above you".
The joint absolutely rocked with laughter ... after a few seconds of silence.
I walked out thinking that was it, I crossed the line this time, ...
But it was all good as it turned out. I guess having the reputation before going in saved me.
I'm old enough now that I may have finally shed some of the Arizona "cowboy attitude" as I don't seem to feel the need to say such things much anymore.
REE/Strategic Minerals Concentrator, March 8, 2011 [View instapost]
Right now in the U.S. we've got the low volume, but the indicators haven't turned yet. Accumulation/distribution (a momentum indicator) is still rising but I need to see CCI get deeper yet and stochastic to tick up out of oversold and cross its average. Near happening now - maybe two more days.
Then I look to see volume move up a tad, but still be low.
Right now we're bumping our head on $2 again and I want to see us get through that. We've had lower lows going on, another indicator that we're not yet where I want to be to add.
It may explode up and I won't get to add at these prices. But I'm already overweight, as noted before, so I can't worry too much if I don't get more.
HardToLove
REE/Strategic Minerals Concentrator, March 8, 2011 [View instapost]
This presents quite a scenario for future company valuation.
OMG, did you take advantage of that low yesterday on the ASX?
It's hard to imagine it can keep dropping with basket price going the way it is and Mt. Weld online in just a couple weeks.
HardToLove
REE/Strategic Minerals Concentrator, March 8, 2011 [View instapost]
I won't even try to call today's U.S. action in Lynas with all going on. I am pleased that with my new settings, I seem to have been hitting the marks pretty well. I'll have to review my recent comments against recent action to confirm though.
Very early bid/ask on level 2 display $1.99/$2.00, but we can't take that as an omen yet - way too early and the maneuvering has yet to begin.
U.S. A.M. 3/10......... 3/11........... 3/14
Last...... 1.985....... 1.975......... 1.890
$+/-..... -0.085..... -0.010....... -0.085
Bid........ 1.985........ 1.975........ 1.890
Offer..... 1.990........ 1.980........ 1.895
Open.... 2.100........ 1.930......... 1.930
High...... 2.110........ 2.070......... 1.945
Low...... 1.985......... 1.920........ 1.840
Vol 30.271MM 41.751MM 37.751MM
I seem to have overlooked 3/1.
U.S. A.M. 2/28............. 3/2........... 3/3........... 3/4............ 3/7............. 3/8.......... 3/9
Last...... 1.950......... 2.220....... 2.290....... 2.200....... 2.100....... 2.090.... 2.070
$+/-...... 0.045......... 0.110....... 0.070..... -0.090...... -0.100...... -0.010. -0.020
Bid........ 1.945......... 2.200....... 2.270....... 2.190........ 2.100....... 2.090... 2.060
Offer.... 1.950.......... 2.220....... 2.290....... 2.200........ 2.110....... 2.100... 2.080
Open.... 1.945......... 2.070....... 2.260....... 2.310........ 2.200....... 2.120... 2.110
High..... 2.010......... 2.230....... 2.300........ 2.330........ 2.220....... 2.190... 2.120
Low...... 1.935......... 2.040....... 2.190........ 2.190........ 2.100....... 2.090... 2.030
Vol 31.394MM 65.020MM 61.656MM 36.141MM 30.832MM 33.415MM 25.879M
HardToLove
QuickChat #157, Starting March 9, 2011 [View instapost]
Don't be surprised if next time you see him he seems different - maybe suddenly more grown up or something.
There's something about being intimate with mass tragedies that has a long-term and deep-seated effect on many folks.
I hope he continues to fare well.
HardToLove
QuickChat #157, Starting March 9, 2011 [View instapost]
In those places that have pent up energy the shock waves may be enough to start the release.
Add in the moon effect that you mentioned and we likely have an active period for a while longer.
HardToLove
February Hindenburg Omen Blog [View instapost]
Solo:
www.youtube.com/watch?...
With choir:
www.youtube.com/watch?...
HardToLove
REE/Strategic Minerals Concentrator, March 8, 2011 [View instapost]
A PM through the Seeking Alpha system is a safer way to send e-mail address stuff amongst ourselves.
Just MHO,
HardToLove
QuickChat #157, Starting March 9, 2011 [View instapost]
HardToLove
REE/Strategic Minerals Concentrator, March 8, 2011 [View instapost]
"I was starting to think it was us versus the world, brother"
Indeed it is. Although it's been expressed before, I want to emphasize how appreciative I, and I'm sure all, are that you folks decided to hang out and chime in.
The increased breadth and depth of knowledge, research capability and willingness to share have greatly added to my understanding, not only of the REE space, but of considerations that can apply many places.
I think that starts to transform "us versus the world, brother" into
"US versus the world, brother"
We all get stronger, in aggregate.
Thank you all!
HardToLove
QuickChat #157, Starting March 9, 2011 [View instapost]
HardToLove
REE/Strategic Minerals Concentrator, March 8, 2011 [View instapost]
Shoot, if I ever stop learning, I'll be dead.
I've always (well, when I got old enough to get outside myself) operated believing that everyone has something to teach me. And it's not always in the areas one would expect.
And sometimes the learning experience is downright humiliating!
It's amazing how adaptable us h00m0ns are though. Exposed to something often enough makes us less sensitive to it, often.
Humiliation seems much less of a concern now, although it still is painful, of course.
Have a good rest of the weekend if we don't "bump into each other".
HardToLove
QuickChat #157, Starting March 9, 2011 [View instapost]
No. 2 is being vented and injecting water through the pumps. Stability is expected.
Ditto for reactor no. 3.
HardToLove
P.S. Cesium and iodine have been detected, indicating, as User mentioned, some melting of fuel.
QuickChat #157, Starting March 9, 2011 [View instapost]
HardToLove
REE/Strategic Minerals Concentrator, March 8, 2011 [View instapost]
I wore many hats for a 250 person group, I guess because of my aggressive and outgoing nature and had acquired a reputation for being "different". As with any large group, most folks sit quietly through meetings like this and walk away and bitch and moan in private. There's always a few, Ralph, Dennis, ... myself who get the "tough questions" out on the floor regardless of possible "career consequences".
So this was going as usual when my 5th level (IIRC, just below a VP) said "Bill, why do you always have to ask such tough questions"?
I don't know where it came from, but my "ol' associative processor" kicked in ...
"Tom", said I, "do you know hat a totem pole is"?
Tom looked quizzical and said "Yeah, why"?
I said, "Think about it. When you're bottom man on the totem pole and look up all you can see is a$$holes above you".
The joint absolutely rocked with laughter ... after a few seconds of silence.
I walked out thinking that was it, I crossed the line this time, ...
But it was all good as it turned out. I guess having the reputation before going in saved me.
I'm old enough now that I may have finally shed some of the Arizona "cowboy attitude" as I don't seem to feel the need to say
such things much anymore.
HardToLove
REE/Strategic Minerals Concentrator, March 8, 2011 [View instapost]
Check back in about 10 minutes and I'll post another story, ... about management and myself.
HardToLove