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Mark Bern, CFA
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Mark Bern (formerly K202) intends to continue writing solo and has shed other work-related relationships that required anonymity. CPA since 1990 a CFA charter holder since 2000. He has a bachelors degree in Business Admin. with a concentration in Economics. His experience includes both private... More
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  • Mark Bern, CFA
    , contributor
    Comments (4769) | Send Message
     
    Author’s reply » Last comment on QC # 100 was from Mayascribe:

     

    "(NENE) beginning to move, up 10.63% today. "
    16 Sep 2010, 10:38 AM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Weehoo! (NENE) now up 22.81%.
    16 Sep 2010, 11:44 AM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    Amazing! The last QC was chock full of great information.

     

    Maya: You are at the top of your form. Congrats on identifying (NENE) early! And the fatpill episode is a nailbiter, if I were a day trader I'd take a shot. And the topic about market manipulation is perhaps THE big story which is yet to be written, and dead center of the core purpose of SA.

     

    REE Update: (GWMGF.PK) just floated another $2m in debintures (www.raremetalblog.com/...) which is mainly to be used to pay for another feasibility study for the South Afrikan mine. Frankly I would have thought that this sort of thing would have PRECEEDED paying for the ultimate proceeds from that mine - and signing a formal agreement with the owners - but redundant bureaucracy is everywhere I suppose. My take on this is that we are looking at still another delay while another group mulls over actually doing something - ie, I view this as a negative, and its announcement yesterday was probably to blame for the downtick in the stock price... Speaking of which, (GWMGF.PK) is up 10.77% right now, resuming its drive to $.40.

     

    (MCP) is up 1.10%.

     

    (LYSCF.PK) is down 3.82%, so we are seeing a reversal of fortunes for the NorthAm vs Aussies trend of yesterday.

     

    (GDLNF.PK) is down 6.36% (see note above).

     

    (HUDRF.PK) is down 4.32% (I still think they are strongly affected by any news out of Greenland's nascent government).
    16 Sep 2010, 11:45 AM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    Article about events in Greenland re: rees:

     

    www.automatedtrader.ne...
    16 Sep 2010, 11:59 AM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    Friday is quadruple witching day. I just tightened stops on most of my stocks.
    16 Sep 2010, 12:08 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Thanks, Triple!

     

    For some reason cut/paste isn't working right now.

     

    Over on Yahoo! Finance, there is a great list of top ten stocks expected to gain over 50%. Plus another top ten of open purchases and sells. Exide was one of the sells, by Hedgey Tontine; $10M. Last time they liquidated, created a great buying opportunity, but that was in a different era, back when all hedgeys were experiencing heavy redemptions.

     

    I stumbled upon these great lists over on Yahoo! Finance by entering XIDE into the search box.

     

    I'm not going to add to my (XIDE) postion just yet because the S&P has a waffling directional feeling right now around the 1120 level.
    16 Sep 2010, 12:27 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    I would expect a directionless overall market today, with quadwitch tomorrow, UNLESS something dramatic breaks today.

     

    I'm still thinking this rally COULD see 1170 (maybe 1180), so the top might still be waiting in the wings.
    16 Sep 2010, 12:51 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10803) | Send Message
     
    I'm looking at tomorrow as a buying opportunity with several candidates (FEED) (XIDE) (CPST) (GWMGF) in the buy box adding to existing positions. With (GDLNF) and (HUDRF) as possible new postitions. With quadwitch upon us, turbulence ahead because of the Unionpay scrap with Visa (V) in the WTO and the administration playing CYA and blame Bush things are looking dicey.
    16 Sep 2010, 02:08 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Have I gotten lucky? While out and about it occurred to me that the few hundred shares of Arena I snuck in late yesterday at $3.57 per may be of little risk, even it they don't receive approval. My screen is showing that Arena is on hold at $3.87.

     

    I put in a stop loss this morning, thinking worse comes to worse, and while I'm out the decision comes. Well, I would believe everyone has stop/loss entered right now, and mine is exactly where I bought it. But if they do get approval, I'm in already. Not much, but in.

     

    By the way, why Arena was slammed because another company's fat pill got nixed. Arena, in fact, should pass, because they achieved a level of people losing weight that the FDA imposes, barely. The cancer appearing in rats is a non-issue, because the rats were exposed to 17 times the dossage. Arena should be granted time for more testing.

     

    This could be fun, unless the stock drops so fast it shoots right by my stop/loss.
    16 Sep 2010, 02:17 PM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    Moving silver spot stop to $20.20. Hows that for hindsight.
    16 Sep 2010, 02:24 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Nope. Didn't get lucky. ARNA did not get approval. This is what is fucked up about the stock market, is that the SEC waits until after hours to reopen ARNA for trading, completely wiping out my stop and as well as all other retail investors. Fortunately, I only a few shares.

     

    %#@%#^%@!!!
    16 Sep 2010, 05:05 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10803) | Send Message
     
    Myaya: Greetings. Yes that certainly sucks and I feel for you. I don't follow (ARNA) but I do have several residuals in my portfolio waiting to come back from the brink. Or finish dying a slow painful death because they weren't worth selling. Good luck with this one and best wishes for an excellent week end.
    16 Sep 2010, 05:14 PM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    Need help?

     

    #$@% the SEC.

     

    Sorry it went down that way Maya. Just more reasons the retail investors have no faith in this market any more. The flash crash wiped out several of my stops and I got left in the dust when it turned around. @#$% the corruption.
    16 Sep 2010, 05:10 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    I know what you mean, Maya. Been there, had them stip the tshirt from my back and flay my hide!

     

    I lump these things in with all my other political complaints leveled at the Regime. Sometimes folks forget that problems with things like Fanny, Freddie, the Fed and the SEC are actually matters to take up with our elected representatives.

     

    Its a waste of time to complain to faceless bureaucrats.

     

    The best approach is to get involved in the political process.

     

    I am going to actually relish voting this November. And I'll probably stay up to the wee hours watching and tracking the returns. MUCH more fun for me than watching football.

     

    We need an "SEC", but not THIS SEC.

     

    FinReg just handed the Regime a blank sheet of paper signed by Congress with instructions to "do whatever you feel needs to be done".

     

    Somehow I am hoping that the next Congress will see fit to void that particular blank check and do their job.
    16 Sep 2010, 07:34 PM Reply Like
  • Silentz
    , contributor
    Comments (708) | Send Message
     
    Something to keep a close eye on.

     

    www.ft.com/cms/s/0/8c0...

     

    "A new photonic chip that works on light rather than electricity has been built by an international research team, paving the way for the production of ultra-fast quantum computers with capabilities far beyond today’s devices."
    16 Sep 2010, 08:05 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    FedEx slipped the markets a mickie just in time for quad witching tomorrow. Beat on earnings, followed immediately by an upbeat projection...

     

    Followed soon after by 1700 layoffs and "we're probably going to miss that earlier projection, and Q1 doesn't look very good, either".

     

    I remember commenting on this likelihood back during earnings season, particularly with FedEx, and I'm tempted to comb back through all the comments and see if I can find it...

     

    But what difference would it make?

     

    Mark it down, what FedEx just did is going to be repeated, in many different forms, by a lot of companies in the coming months.

     

    Blessings be upon thee, 'Gades.
    16 Sep 2010, 08:55 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10803) | Send Message
     
    TB: Greetings. Fedex laying off is absolutely a clear signal that things are getting worse. Shipping? We don't need no stinking Shipping!
    17 Sep 2010, 02:18 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    And some significant timing. Late September, right before Christmas?

     

    Look out.
    17 Sep 2010, 02:34 PM Reply Like
  • Tom Au, CFA
    , contributor
    Comments (6775) | Send Message
     
    I think it was George Bush (Sr.) who said, "It's Christmas" in September (during his debate with Dukakis).
    17 Sep 2010, 07:18 PM Reply Like
  • one eye
    , contributor
    Comments (647) | Send Message
     
    NENE while w both like the chart, Freya thinks I'm nuts.

     

    The company is a one employee operation...

     

    She's passing on this one.
    17 Sep 2010, 01:20 AM Reply Like
  • Tom Au, CFA
    , contributor
    Comments (6775) | Send Message
     
    NENE.

     

    You're a braver man than I.
    17 Sep 2010, 07:19 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    One Eye: You know what, after a day of pondering, I think I do remember that NENE is a one horse show. Got away with "one" here!
    17 Sep 2010, 08:01 PM Reply Like
  • one eye
    , contributor
    Comments (647) | Send Message
     
    steady insider buying in PSEC and MWA.

     

    Obama's infra play will give MWA a boost.
    17 Sep 2010, 01:23 AM Reply Like
  • Tom Au, CFA
    , contributor
    Comments (6775) | Send Message
     
    "Steady insider buying" is (almost) always a good thing.
    17 Sep 2010, 07:19 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    How cool! Does this mean that I can get listed? ;-)

     

    Dubious on the notion that a company (NENE) that creates a see through solar window has only one employee. Who swabs the decks? Who answers the phone? Who created this window? By him/herself? Either way, here forward, I'm playing with just a few shares of house money...

     

    ...On an extremely interesting concept. For me, it passed the test of a news cycle event, perfectly.
    17 Sep 2010, 02:15 AM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    Could be a situation where the entire assets of the corporation is the one design. Digging far enough back you might find a much larger effort which failed of financing (maybe the venture cap walked away), leaving the owner of the work with little cash. This is not that rare.
    17 Sep 2010, 08:55 AM Reply Like
  • Tom Au, CFA
    , contributor
    Comments (6775) | Send Message
     
    These one employee companies "exist" so that the payroll and other expenses don't look too onerous.

     

    As for the rest, it is "outsourced," and therefore "off the books."
    17 Sep 2010, 07:21 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    Adding to my supply of (DOM), (HGT), (MARPS), (MVO), (PBT), and (SJT) - yes, this means I expect oil prices to start a move to the upside. All these are high yield royalty oil trusts.

     

    Also added more (TWM). I'm seeing weakness in the Russell 2000, and its possible that the S&P will stall out here instead of moving higher. This is just a guess based on recent history - I'm still seeing a potential pop to 1170 in the cards, though, so adding more (TWM) is more of a continuation bet...
    17 Sep 2010, 09:45 AM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    www.raremetalblog.com/...

     

    (GWMGF.PK) is flat this morning, though (MCP) is up 5.65%, and (HUDRF.PK) is up also flat.

     

    (LYSCF.PK) is up 2.36%, and (GDLNF.PK) is acting wild again, bouncing around, and up 3.11% at the moment.

     

    (GWMGF.PK) briefly hit $.40 this morning, marking a high for the day very early.
    17 Sep 2010, 10:58 AM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10803) | Send Message
     
    Greetings gang: I added some Agfeed (FEED) and put a program on for (GDLNF) @ $0.50. Quad Witch is underway but things are much more erratic than I anticipated so I'm watching closely.
    17 Sep 2010, 02:24 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (5803) | Send Message
     
    Bought some (CLD) this morning on the dip...
    17 Sep 2010, 02:44 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    Good stock - I have it and (PCX) on my watch list. (CLD) is very close to my Buy@ target right now, but (PCX) still has a way to drop.
    17 Sep 2010, 02:58 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    Meant to add, regarding (CLD) and coal in general, Australia's new 20% mining tax is about to kick off. That will have an impact on the sale of American commodities to China.
    17 Sep 2010, 02:59 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Took profits on (JAG) and Nova Gold (NG). Still retain shares of each.

     

    Added (XIDE) on Tontine induced dip.

     

    Added to (PAL) position. Russia running out of paladium supplies:

     

    seekingalpha.com/artic...
    17 Sep 2010, 03:10 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    I have been contemplating adding more (PAL) myself. I'm near my max for precious metals, though...

     

    Time to re-run the numbers.
    17 Sep 2010, 03:30 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (5803) | Send Message
     
    I was wondering about that Maya... Following your lead I just added to my (SWC) position.
    17 Sep 2010, 03:38 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    GANG! This, also is why I added a few thousand shares of (PAL) today. All about an expected up move on Monday.

     

    North American Palladium to Present at the Denver Gold Forum
    TORONTO, ONTARIO, Sep. 16, 2010 (Marketwire) --

     

    TORONTO, ONTARIO -- (Marketwire) -- 09/16/10 -- North American Palladium Ltd. ("NAP" or "the Company") (TSX: seekingalpha.com/symbo... Amex: PAL) is pleased to announce that William J. Biggar, President and CEO, will present at the Denver Gold Forum in Denver, Colorado on Monday, September 21, 2010 at approximately 9:25 a.m. MT (11:25 a.m. ET). The live webcast and accompanying slide presentation will be made available at www.nap.com.

     

    The Denver Gold Group is a not-for-profit industry association that has been presenting the world's most prestigious precious metals investment conferences since 1989. The conference is attended by major global fund and portfolio managers, institutional investors and analysts.

     

    About North American Palladium

     

    NAP is a Canadian precious metals company focused on the production of palladium and gold in mining-friendly jurisdictions. Lac des Iles, the Company's flagship mine, is one of North America's two primary palladium producers. Located approximately 85 kilometres northwest of Thunder Bay, Ontario, Lac des Iles has produced palladium since 1993. NAP also owns and operates the Sleeping Giant gold mine located in the prolific Abitibi region of Quebec. The Company has extensive landholdings adjacent to both the Lac des Iles and Sleeping Giant mines, and is pursuing a significant exploration program aimed at increasing its reserves and resources in those areas. NAP trades on the TSX under the symbol PDL and on the NYSE Amex under the symbol PAL.

     

    Contacts:
    North American Palladium Ltd.
    Camilla Bartosiewicz
    Manager, Investor Relations and Corporate Communications
    416-360-7971 Ext. 226
    17 Sep 2010, 03:54 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    OK, re-ran the numbers, I'm at 10.3% of my total portfolio, and I want to be at 10%...

     

    Phooey on it, I think (PAL) is a good idea. I'm in - adding now.
    17 Sep 2010, 04:04 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    TB: Hoping we're right on PAL. Already jumped nine cents AH. Big volume in around 2:30 today. Daily volume doubled average today.
    17 Sep 2010, 04:15 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    I have been holding pal since we first talked it over here with OG back before they even had the pit reopened. I've added a little here and there, and its done very well (as you know) since then.

     

    I got excited about the REEs, though, and haven't given the other metals their due. By all rights (PAL) should have been a larger portion of my holdings already. I consider it a long term situation, similar (if smaller) to my focus on (SLW).

     

    I recently pruned back my miners, taking profits to balance the total (I have been sloppy) to my 10% goal. (PAL) is now where it should have been for a long time.

     

    If we see the pop next week in commodities that I'm hoping for (in general) it would be logical (even disregarding the palladium news) to add in this fashion.

     

    I'm now trying to get a handle on base/industrial metals - I have a 5% slot for them (NOT including REE's in this category) - and only own a little bit of (NATUF.PK) in that category right now. I have a number of stocks on my watch list, but I'm waiting for the anticipated pull-back to go into that buying cycle.

     

    Thanks for the headsup about (PAL) - I probably got the SA nannygram about news pertaining to my stocks, and just never got around to it.
    17 Sep 2010, 04:39 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    If Obama's town hall meeting on CNBC next week is about even "saying" good things pro biz, that could put a hammer lock squeeze on the bears and the shorts; given the shorts have been adding positions lately because the charts are pushing up against resistance.

     

    We could see a pop next week.

     

    Hard: Where's dem gizards!
    17 Sep 2010, 08:17 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    Monday afternoon could be lively. 1170-1180 if "irrational exuberance" occurs.
    18 Sep 2010, 01:00 AM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    www.businessweek.com/m...

     

    More info about the negative investor mood. Massive outflows from mutual funds and equities going into bonds. Massive whining from traders and fund operators that retail investors are now "underweight equities". Then (this is funny) the article talks about the trader's sentiments being that the market is heading south - evidenced by them sitting on large hedge positions bet against the markets. Blah, blah, blah.

     

    One interesting paragraph that details the one sector of the S&P which is outperforming - miners.

     

    As a group it would appear that we are at least 2 years ahead of this author's curve.
    18 Sep 2010, 09:37 AM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    I read the article as contrarion; that the market is on the verge of surging. A lot of yields out there that are more generous than corporate bonds. These companies, especially multi-nationals, are raking in profits. More toward my feeling that the markets will be up rather than down a month from now.
    18 Sep 2010, 01:36 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    I read the article as self serving (on the part of the traders presenting their sales pitch).

     

    The part about those same traders pushing for more of our retail business (while simultaneously holding huge short positions against those same investments) could hardly be more self-serving.

     

    I still believe the S&P might have another 40 points of upward range, so its not as if I believe there is no room to maneuver...

     

    Just limited room, with potentially a nasty downside for the unwary.

     

    I hope all of us who view the immediate future with alarm are indeed proven to be wrong. The idea of diving once again into a broad free market flowing into a hopeful future is a happy one.
    18 Sep 2010, 07:16 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    TB: These are tenuous times to be making any forecast. One of the items high on my watch list that could have this rabbit retreating quickly into his warren, is the effects of global currencies devaluing, as in what Japan did this week.

     

    The euro has a toppy feel to it, especially as everyone and their mother-in-law was predicting the euro to be equal to the dollar by the end of this calendar year. That hasn't happened, yet, and probably won't happen this year. But currency traders, who enjoyed the euro ride back up, started bailing yesterday.

     

    Another item high on my watch list, as you have pointed out, is China. I'm not talking Timmy G. licking yuan lollipops, I'm talking about China's ineveitable banking collapse. But I think that's still a while off, yet.

     

    All I'm doing is peeking out of the warren right now, sniffing toward the lettuce field across the road, making a few dashes across the road to nibble some news cycle events. But that road, oh...that road, is full of crazy, dangerous and unpredictable market drivers.
    18 Sep 2010, 08:25 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    TB will appreciate this, "Yankees" may not get it.

     

    "Why did the chicken cross the road?"

     

    Give up?

     

    "To prove to the 'possum it could be done"!

     

    HardToLove
    18 Sep 2010, 09:39 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    LOL, yes indeed...

     

    Of course, the number of squashed possums littering the highway makes that a cautionary tale about chickens.
    18 Sep 2010, 10:01 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4769) | Send Message
     
    Author’s reply » In Virginia it is the number of skunks lying dead along the roadways; in Texas (especially west Texas) it is the armadillo.
    19 Sep 2010, 01:43 PM Reply Like
  • Tom Au, CFA
    , contributor
    Comments (6775) | Send Message
     
    Dear HTL:

     

    "It's all relative," isn't it?

     

    The chicken found someone (the possum) more afraid than himself/herself.
    20 Sep 2010, 09:13 AM Reply Like
  • optionsgirl
    , contributor
    Comments (5045) | Send Message
     
    "Just a spoon full of sugar make s the medicine go down, in the most delightful way":

     

    www.torontosun.com/new...
    18 Sep 2010, 05:49 PM Reply Like
  • Tom Au, CFA
    , contributor
    Comments (6775) | Send Message
     
    Shall we call you Mary Poppins?
    18 Sep 2010, 06:48 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5045) | Send Message
     
    super canna fragilistic...
    18 Sep 2010, 10:47 PM Reply Like
  • Tom Au, CFA
    , contributor
    Comments (6775) | Send Message
     
    I guess you're our "quick chats" nanny-figure.
    19 Sep 2010, 01:31 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Kolondinski is taking ice cream and *brownies* to a new "high!"
    18 Sep 2010, 06:09 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    So pertinent observations on the overall market action from about 6 weeks ago. Still valid IMO.

     

    seekingalpha.com/artic...

     

    Talks about HFT, money outflows, why housing should be avoided at this time, etc.

     

    HardToLove
    19 Sep 2010, 11:59 AM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    Yes. I think we are (as a nation) suffering from recession fatigue.

     

    Reserves have been drawn down (exhausted completely, for all too many) - beyond the point where they should have begun to replenish...

     

    The destruction of the middle class has moved from a random event into more organized devastation as new socialist and fascist policies take hold...

     

    Americans who welcomed the false Clintonian spring with jubilation are discovering that the same old ancient dangers still lie in wait...

     

    Yet, I find myself questioning things "as they are", and wonder if I have been ignoring my own observations of 2 years ago, ie, that "elections have consequences".

     

    That particular door is now swinging strongly in the opposite direction.

     

    I don't see a change to the basic pattern - but perhaps the highs will be a little higher, and the lows more shallow, and a double dip recession MIGHT thus be skirted, if narrowly, in Q1.

     

    ALL depends on political and geopolitical maneuvering now.

     

    Are we about to embark on a politically motivated trade war with China?

     

    Have we green-lighted an Israeli assault upon the Iranian nuclear assets in the new year?

     

    Are we gambling wildly that a mishmash of assorted alternative energy methods are ready to start to massively replace our fossil fuels infrastructure NOW, rather than later?

     

    Can the Japanese stretch two lost (but stable) decades to three?

     

    Will the Germans continue to bankroll their export markets in the EU with gigantic Euro debt support?

     

    When (not if) those export markets like the PHIIGS grow restive with unaccustomed restrictions on their free and easy lifestyles, what will the rioters demand of their quaking leftist governments? How long before these countries detach THEMSELVES from the Eurozone and return to printing fiat currency to inflate their way to a new (if brief) free ride?

     

    What will the lame ducks do to us as they have their chance for vengeance after they get fired in November?
    19 Sep 2010, 01:01 PM Reply Like
  • Tom Au, CFA
    , contributor
    Comments (6775) | Send Message
     
    "What will the lame ducks do to us as they have their chance for vengeance after they get fired in November? "

     

    Maybe that's why Chris Dodd (who is a lame duck already) has his fingers all over the financial reform bill.
    20 Sep 2010, 12:03 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4769) | Send Message
     
    Author’s reply » Has anyone read "Trinity" by Leon Uris? I see some very distinct similarities to our current situation. If you haven't read the book, I highly recommend it. I haven't read it in several years, but I can't help but remember vividly how the British aristocracy and wealthy elites pitted the Protestants against the Catholics in Northern Ireland to maintain their political control.

     

    Looking at where we are her in this country today, it seems that our own wealthy and political elites are dividing the country even more into opposing factions and fanning the flames of hatred to maintain their appearances of benefactors and saviors to one group against another. We have the racial divisions, the political party divisions, the haves against the have nots, and religious differences. There are also many other differences and nuances that the elites use to divide us (and conquer). Only if we set aside our differences and unite will we be able to undo their wrongs perpetrated against us and heal as a nation. As long as we allow them to keep us divided, they will be able to use our differences to control our actions. The rich get richer and we continue to create more poor families out of what once was a growing middle class. And as the middle class (the backbone and foundation of our great nation) crumbles, our nation loses its greatest hope for the future.
    19 Sep 2010, 01:58 PM Reply Like
  • one eye
    , contributor
    Comments (647) | Send Message
     
    PAL, seems like the russians may have finished selling the metal, at least so sayeth a SA article.
    20 Sep 2010, 04:30 AM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10803) | Send Message
     
    I found the week end gab fests illuminating. "Establishment.". Republicans crying about the progressives in the Republican party being canned because now Democrats will win seats. What difference would it make? When a candidate who voted for cap-n-trade and won't commit to repealing Obama care gets elected we might as well have a Democrat in that seat. Folks like Karl Rove would be better served helping the winners instead of crying about the losers. Democrats are gleeful seeing old guard Republicans get the boot seemingly oblivious to the fact that they are next. Some how they missed the clues pertaining to what matters to the electorate. They think they can win on personality politics when this time around it's all issue driven.
    20 Sep 2010, 09:52 AM Reply Like
  • Dialectical Materialist
    , contributor
    Comments (4458) | Send Message
     
    I don't know. I think a lot of voters are stuck in old ways. I will believe the voters are all issue driven if O'Donnell wins in Delaware. But if I had to guess today, I would think this one goes to the Dems. If I am wrong, then clearly the electorate was fired up about issues!
    20 Sep 2010, 11:41 AM Reply Like
  • Silentz
    , contributor
    Comments (708) | Send Message
     
    Exactly DM. It seems the all of the "unelectability" hubbub about O'Donnell is identity driven and has very little to do with actual voting issues. I'm amazed that people are even considering voting for an admitted Marxist over a Republican. How bizarre.
    20 Sep 2010, 11:48 AM Reply Like
  • Tom Au, CFA
    , contributor
    Comments (6775) | Send Message
     
    It doesn't seem to be about Democrats, or Republicans, or even Marxists per se, but rather, all about "change."
    20 Sep 2010, 12:04 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    This election is going to be one to study for years to come. Not often do we see such dramatic change in the landscape politic.

     

    O'Donnell is one of the inevitable examples which will crop up when we start reverting to a citizen-serving model for politics. Exchanging professional politicians for a broad cross-section of random individuals guarantees that a paradigm shift will occur.

     

    LOL, I like O'Donnell, including the concept that she just might have played around with crystals and witchcraft as a youngster! This makes her more human (and wierd, of course) and less the polished apparatchik which I find so off-putting. So, she's sharing some of the financial problems plaguing the majority of Americans right now? And that means she is less electable than a sleek professional politician and insider fatcat?

     

    The day when we look at an election ballot and see farmers, housewifes, soldiers and construction engineers instead of ivy league lawyers running for office, it will be a scene recaptured from the dawn of this nation. This is the briarpatch I have hoped to see us thrown into for many decades.

     

    I suspect that, taken literally and rendering the human condition to cold statistics, Rove is quite correct - O'Donnell is not the slam dunk the Party hoped for in the RINO Castle. If I were a better historian, about now I would dig up some quotes from the dismayed Republican brahmans of the 70's bleating the dangers of nominating the conservative extremist, Ronald Reagan, and proclaiming him "unelectable".

     

    It might well be that O'Donnell IS going to lose in Delaware. It is a tiny state and extremely polarized between right and left. I suspect, however, that both the whining country club Republicans and the joyous left are underestimating the willful ideas of the broad, independent middle.

     

    Charting past poll results (and even current data) will NOT work in their established templates. Dick Morris is predicting a 10 point average swing in the final week before the elections, TOWARD the Republican/Conservative side of the meter. This will make all the difference for even moderately close elections.

     

    This is the sort of test I foresaw long ago when the Tea Party/Grass Roots movement was just getting rolling. Either the neocons and mccainiacs bet with the program, or they will be steamrolled by the Republican rank and file. SHOULD the current Party leadership manage to advance their "business as usual" methods over the protests of the highly energized tea partiers and moral majority members, they run the high risk of splitting the party right down the middle. Some of them are stupid enough to do this, but many among the neocons in particular are canny, and will shift positions to ride the new wave.

     

    In the end the 5 or 6 major Tea Party upsets will either spell the beginning of the construction of a new "Party of Reagan", including millions of reinvigorated and politically active members under a broad, new, tent...

     

    Or not.

     

    Either way, it will be high political theatre at its best.

     

    This Libertarian (and yes, yet again we will not be winning many contests this election) is ready to break out the popcorn and crank up the volume.
    20 Sep 2010, 12:08 PM Reply Like
  • Dialectical Materialist
    , contributor
    Comments (4458) | Send Message
     
    Yeah, I agree there is something ironic about calling O'Donnell to task for her finances. Clearly only a millionaire has the insight needed to represent the working man. Who better to think about how real people deal with real finances than someone who has been there. Not many people call to task the drug counselor who was once hooked on heroine. Why not? Because there is a sense that having been there makes this person better able to understand and communicate with the addicts he is trying to help. I see no reason why examples of how a candidate has been a real person should work any differently in an election.

     

    Having said that I do wonder about two things. How many devout Christians do you think may actually be upset at the association with the word witchcraft (note I am saying the word not the deed since there is no evidence she ever actually did anything other than use the term to describe some friends)?

     

    Secondly, would the perspective be any different if she admitted that she had hung around with muslims and had worn a burqa for a little while? It wouldn't matter to me, but I wonder if some folks might be put off.

     

    In any case there seems to be a lot of characterizing the candidate and not much rebuttal of her positions, at least in what's being widely covered. Classic politics as usual. It would be great if issues started to matter more than the mudslinging. We'll see.
    20 Sep 2010, 01:49 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10803) | Send Message
     
    Silentz: Greetings. That is where the term "Yellow Dog Democrat." came from. Some people would vote for a yellow dog before they would vote for any republican because party politics trump all other considerations. LOL.
    20 Sep 2010, 02:06 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    Speaking as a non-Christian (agnostic here - believer in God, disbeliever in religion), one would hope that genuine Christians would recognize the verities of their own faith - that true belief in forgiveness for past indiscretions - or dabbling in strange ideas - begins with accepting these folks at their word and act. O'Donnell is obviously a clear-spoken Christian now.

     

    The fact that she has been warmly supported by the Tea Party movement (which includes conservative Christian groups among its membership) would indicate that this tenant - which is central to most Christian sects - is being upheld.

     

    O'Donnell is definitely something of an oddball - and all the more believable for it. If I were the Democratic strategist building a plan to get my man elected month after next, I would be very cautious dwelling too long upon the lady's oddities. Building their own man up as a straight up Liberal sunday school teacher will win them few converts among the moral majority - and may well serve to make the competition look more like the average Democrat voter than otherwise.

     

    This is not a winning card for them.
    20 Sep 2010, 02:48 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10803) | Send Message
     
    TB: Greetings. That is the crux of the dilemma facing Democrats this cycle. All of their "Accomplishments." are negatives with the electorate and many candidates are running away from them. Since they are unable to run on issues all they have left is personal destruction. Something they are well versed in. Many of the candidates they are fielding this cycle are far left ideologues and may themselves be unelectable in this political climate. However they seem to be blissfully unaware of what is happening continuing to beleive that the TEA party is a fring elemnt and a marginal factor at best.
    20 Sep 2010, 03:14 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4769) | Send Message
     
    Author’s reply » Politicians are so out of touch with reality it isn't even funny! By and large, they are the wealthy elitists that have servants do their work and grocery shopping for them. They are unaffected by the real issues that the masses must deal with every day. How can we expect people who do not understand our nation's problems to be able to deal with those problems effectively? I really don't think either side has a clue, really. But, I must say that of the two parties, the Democrats seem even more clueless. So, IMHO, we are faced with an election that provides us with a choice of the lesser of two evils and the outcome will, hopefully, be gridlock. No new regulations is better than adding new burdens that make our U.S.-based businesses less competitive in the global economy.

     

    I have a meeting I need to go to but I'll put up another QC later in the day.
    21 Sep 2010, 09:30 AM Reply Like
  • Tom Au, CFA
    , contributor
    Comments (6775) | Send Message
     
    The politicians aren't all wealthy.

     

    But they do have more perks than their wealth would imply (e.g. the President of the United States makes "only" $400,000 a year, but gets to live in the White House).
    21 Sep 2010, 09:54 AM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    (PAL) added to S&P/TSX SmallCap Index after closing, Sept 17th.

     

    ####

     

    Okay, here we go. Grab a ham and cheese. This Obama meeting could get interesting. Just wondering what he is bringing to the table.
    20 Sep 2010, 12:02 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10803) | Send Message
     
    Maya: Greetings. Good one! LOL. Cheesy politicians wringing their hands over pork! "Tax the rich, feed the poor, till there are no rich no more.". Ten Years After. Seems kind of prophetic now doesn't it?
    20 Sep 2010, 12:38 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5045) | Send Message
     
    Canadian REITS do not lose their tax standing in 2011. Sounds like a good place to park some cash. I am guessing it is still subject to the 15% foreign income tax. Anyone have familiarity with this?
    Here's a clue to start:
    www.investingdaily.com...
    20 Sep 2010, 01:39 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    I didn't hear anything during the town hall meeting that made me stand up and cheer, or sit down and cry. It seemed centrist to me.

     

    My rating is, "Blah, blah blah."

     

    Most important thing to me happening today is that the technicals are postitive. The melt up continues.
    20 Sep 2010, 02:03 PM Reply Like
  • Dialectical Materialist
    , contributor
    Comments (4458) | Send Message
     
    I was trying to imagine what he could say that would get you to stand up and cheer. "I resign" was all that I could come up with.
    20 Sep 2010, 02:18 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    DM: Good one! More like bare naked wheelcarts down "Main Street!"
    20 Sep 2010, 02:23 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    Good grief! Unintended consequences: Joe Biden!

     

    Need more be said?

     

    HardToLove
    20 Sep 2010, 02:54 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Yes, indeed, Hard: After all those celebratory yet embarrassing wheelcarts, I've would have experienced the Biden realization, and then dizzily puked. That's a serious unintended consequence!
    20 Sep 2010, 03:04 PM Reply Like
  • Tom Au, CFA
    , contributor
    Comments (6775) | Send Message
     
    I'm not sure that Joe Biden was an "unintended" consequence.

     

    Obama was voted the most liberal Senator in the U.S. in 2007. Biden was voted number 3, (I forget who number 2 was, but Bernie Sanders, the SOCIALIST from Vermont was number 4.)

     

    Sounds like "intended" consequences to me.
    20 Sep 2010, 06:33 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Something else dawned upon me this weekend is that everyone's freaking out about the low volumes. Seems the HFTs are backing off, some do to coming regulation. But, in my own trading, last year this time I was frequently into margin, sometimes pushing the limit hard during some day trades, having to back off near the end of the day, to hold max overnight carry. This year, not. I've been mostly in cash for months now; gamer account. Last year my BA was all in. Not this year.

     

    Surley, there are many others out there right now whom are being more careful about making larger volume trades, and not using margin trades. Do retail traders significantly add to the amount of lessor volume occuring this year? My guess is yes. Especially when we are enduring so many triple digit DOW up and down days; almost routine, now.

     

    However, lately, I've been moving in, more than moving out, ever so gently so.
    20 Sep 2010, 02:15 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    Several reports I've been monitoring show that the portion of the market linked to HFT/quant/dark pool activity has been steadily rising, and together with fund activity hit well over 70% recently (latest numbers I've seen are from July). There has been a direct correlation between the flood of retail investors out of the American equity markets and the drop in overall volume - I say "overall volume" because it would appear that the HFT/quant/dark pool portion has increased slightly as a number, and immensely as a percentage.

     

    Over the same period we have seen foreign investment in our equity markets surge, so the net difference (which is very large) is the departure of that new rare and endangered species, the American Spotted Retail Investor.

     

    I just setup a trading account for my Mom (her first venture into investing beyond a bank CD), and the broker told me it was the first new retail account with equity investments he had setup in nearly 2 months.

     

    With all the attention on the paroxysms in the real estate markets, this powerful movement OUT of American equities has been lightly addressed by the ptb.

     

    I think we are still a LONG way away from seeing all that money sitting currently in bonds move back into the equity markets. This situation will remain pretty stable until inflation and interest rates turn the bond markets upside down, and millions of folks are forced to once again flee their positions.

     

    The truly afraid are hunkered down in cash, and only a prolonged and confidant economic expansion (including strong job numbers) will move them.
    20 Sep 2010, 03:20 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    "American Spotted Retail Investor"

     

    Considering the spanking the markets have administered, I propose it the "American Red-assed Retail Investor"

     

    HardToLove
    20 Sep 2010, 06:03 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    TB: Firstly, I have to correlate this phenomena with the universe, which astrophysicists have written is made up of 70% "dark matter." Ooh.... Creepy stuff coming into Halloween season.

     

    But, I believe I have read somewhere(s) that those dark pools, the hedgies, the bank's proprietary trading houses, have indeed backed off of trading, percentage-wise. Thinking Meredith Whitney had something to say about this.

     

    Need more research here.
    21 Sep 2010, 01:02 AM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    Could be. In that case the other elements of the HFT army are working overtime.

     

    I watched an interview one time with the CEO of the biggest dark pool company (LiquidNet? reaching for the name of the company), and he was very defensive. Would not confirm or deny that they routinely did things like quote stuffing. The ad line went through my mind immediately:

     

    "Need liquidity NOW? When there's no time to wait for old fashioned flesh and blood investors, consider WetNet's patented, NEW and IMPROVED, WetQuant option! WetQuant can solve those liquidity problems caused by cowardly retail investors fleeing the markets in a flash! Millions of quotes per second, and there's no extra charge for matching quote cancelations! Is there a troublesome competitor horning in on your target? WetQuant can disrupt his plans in mere milliseconds, smothering the exchange with millions of sub-penny quotes! Are you troubled by the awkward lack of privacy offered by the displayed exchanges? WetQuant has the answer, with our powerful DarkQuant option! Trade invisibly with your best friends, shielded from the prying eyes of business enemies and government regulators alike! ARE you a government regulator? Don't worry, we are an equal opportunity dark pool operator - and our cost-per-nanosecond is one of the lowest in the business!

     

    "Remember, next time you have a hostile takeover to make or a major election to win: WetQuant. We R liquid!"
    21 Sep 2010, 08:51 AM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    C&D Technologies (CHP) up 31.12%, due to restructuring of debt. I picked up a little on Friday, and more early today. One of those, I wish I'd bought more, situations.
    20 Sep 2010, 02:33 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10803) | Send Message
     
    Maya: Greetings. You could be right. I've been doing more cash accumulation than buying lately. Many of the "Gades." seem to be doing less trading and more watching while accumulating certain stocks and cash. It would not be surprising if many individual investors are in a similar mode even with out the insight provided here. Waiting to exhale as it were.
    20 Sep 2010, 02:36 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    (ATPG) up 4.17% today. Up 21.56% since July 27th. I wouldn't be buying today, though, as ATPG just went on the campaign trail last week, visiting FOUR conferences in one week!

     

    Pasani agrees with my earlier technicals comment.
    20 Sep 2010, 03:07 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10803) | Send Message
     
    Adulterated Press (AP) is reporting that The National Bureau of Economic Research says the recession ended in June. I want some of what they are smoking!
    20 Sep 2010, 03:47 PM Reply Like
  • Silentz
    , contributor
    Comments (708) | Send Message
     
    June of '09...talk about taking your time to 'get it right'...
    20 Sep 2010, 04:21 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    I am very suspicious of the precious timing coinciding with Obama's speech. Very unlikely that the two events are unrelated.
    20 Sep 2010, 04:37 PM Reply Like
  • Tom Au, CFA
    , contributor
    Comments (6775) | Send Message
     
    He saw the draft of the report and made his speech, right?
    20 Sep 2010, 05:26 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    More like someone with influence made sure that the report formed a suitably supportive backdrop for the speech.

     

    Sort of like the old 50's movie where the crafty British explorer awes the natives when he tells them he can wipe out the sun (scheduled solar eclipse, right on time).
    20 Sep 2010, 06:22 PM Reply Like
  • Dialectical Materialist
    , contributor
    Comments (4458) | Send Message
     
    June 2009 of all things. Clearly useless data.
    20 Sep 2010, 07:29 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Hey! Quit stealing ideas from my novel!
    20 Sep 2010, 07:38 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    Recap: Did some trading late today. I've reduced my cash position to below 90% now, though I plan to take more profits soon.

     

    Bought (JAG), (ARR) and (PAL).

     

    Sold most (TWM), may re-enter soon at a lower point (still thinking that the market will run to 1170-1180).

     

    Will be taking profits, though, tomorrow on (BPMSF.PK), (FRMSF.PK), (GBG), (GPRLF.PK) and (SLW). Rebalancing, trying to get things back in order.

     

    Plan to pick up more (MCP) tomorrow, and am now shopping in the oil patch just a little.
    20 Sep 2010, 05:08 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Normally, I try to put humor in Chat during the weekend, but this short-short is too irresistible and hilarious to wait. Titled "D.W.I: Driving While Italian":

     

    www.youtube.com/watch?...
    20 Sep 2010, 05:54 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    That was absolutely hilarious!

     

    Good find!

     

    HardToLove
    20 Sep 2010, 08:46 PM Reply Like
  • one eye
    , contributor
    Comments (647) | Send Message
     
    look at the SPX on a close only basis, looks like an H&S bottom in place.

     

    Mwanwhile PNPFF has broken above a year long down trend
    20 Sep 2010, 06:00 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5045) | Send Message
     
    I still have a few thousand shares of PNPFF, still waiting for that ship to come in. LOL...
    20 Sep 2010, 11:31 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    OE: As I wrote earlier, maybe early last week, checkout the SPX since late May (the right shoulder of the head and shoulder formation). We have a reverse head and shoulders going on since, indicating bullishness, at least bullish possiblities. I watched Cramer tonight. They had some chartist on; didn't say a peep about this. Was all about the breakout above the right shoulder of the BIG head and shoulders. I laughed.

     

    Thanks for the CAGC heads up. I still have 5 shares on the board after taking profits a while ago, on the board merely to keep track. There are lots and lots and lots of Chinese stocks right now to track.

     

    Freya's fav (IVN) has done great throught the malaise.
    21 Sep 2010, 12:42 AM Reply Like
  • one eye
    , contributor
    Comments (647) | Send Message
     
    we have 3k shares at an average cost of $1.92.

     

    They have been putting a lot of cash into energy recently, that announced buyback didn't hurt either.
    20 Sep 2010, 11:48 PM Reply Like
  • one eye
    , contributor
    Comments (647) | Send Message
     
    CAGC looks like its forming a double bottom.

     

    looking to dble up soon.
    20 Sep 2010, 11:51 PM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (11015) | Send Message
     
    This market just won't quit. There is a growing consensus that the pump is on in front of elections. If so this rally may break out of the trading range. After that its anyone's guess. I think the bogeyman came early to the market and October scariness will not show up to spook the market.

     

    I could be wrong, but I doubt it. Everyone has already seen all the ugly spooks except the giant time bomb called derivatives that is still growing and will probably go off a few years from now in a spectacular kaboom. Expectations have been lowered and no one is expecting much of a recovery again. Yet corporate earnings will most certainly continue to grow fueling the stock market.

     

    We can only hope the market will overcome all the impediments put up by government and finally fuel a recovery (who knows how brief). But as government spending to GDP grows it gets harder and harder to do.
    21 Sep 2010, 12:22 AM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Moon: I agree. Like it's a Godsend miracle to the Dems, the pendulum continues to swing positive for the markets, as I murmered here some four weeks ago; yet did not trust my own instincts. For every one positive I could exhibit five reasons for the markets to be tumbling. For the past four or five days, I've been figuring how to, when to plunge back in. A bazaar dreadful feeling, that I'm compelled to partake of and go risky right now, full well knowing I have to, in time, the yank those positions sometime into the future.

     

    To this trader, who would rather not be trading and going long, this market is wildly tactile.

     

    Gambling at its best! Sadly so.
    21 Sep 2010, 12:52 AM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    Homebuilding is up 10.5%...

     

    But read the whole article before getting too excited.

     

    finance.yahoo.com/news...=

     

    It would appear that we are building some new apartments, at a clip about 25% what it was in 2006...

     

    And because last year was SO bad...

     

    We have a "green shoot".

     

    I keyed on the construction industry's confidence level, now knotted at a historic low level and going nowhere.

     

    I suspect this will not be mentioned much in the trumpeting headlines which will "move markets".

     

    Smoke and mirrors time, gang. It WILL have an impact today, and for those who trade short term, its a ripe opportunity. Get in early and be agile, my friends!

     

    I am taking profits on (BPMSF.PK), (FRMSF.PK), (GBG), (GPRLF.PK) and (SLW). Added (MCP).
    21 Sep 2010, 09:16 AM Reply Like
  • Dialectical Materialist
    , contributor
    Comments (4458) | Send Message
     
    Have we looked into companies that make smoke and/or mirrors? I bet their earnings will be through the roof this year.
    21 Sep 2010, 11:03 AM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Most miners I track are down premarket. All the banks I track, are up premarket.
    21 Sep 2010, 09:27 AM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    (CHP) up 26.54% yesterday. Up another 25.26% today.
    21 Sep 2010, 10:30 AM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    Bought (ALSK), (PBT), (AGNC), (NLY), (BMY), and (RSO).

     

    Oil category is now established (far from full, will be averaging in gradually over time), and (NVAX) and (CLDX) have some company with initial positions with (BMY) - which also pays a nice dividend.

     

    (ALSK) is my only telecom, but I will be adding others (probably (FTR) ) later.

     

    Back below 90% cash again.

     

    Lynas (LYSCF.PK) is down about 10% in profit taking back home in Australia. I believe they are one of the babies being thrown out with the general flight from mining stocks ahead of the new 20% taxes (even though they are suppossedly not going to be affected by them). The entire sector is in turmoil.

     

    This might represent a great time to buy more, but I am waiting to see how this pans out. I took profits earlier, so I am in good shape on this stock right now. I am thinking (LYSCF.PK) will plateau around $1.00 - 1.06 per share. I have a Buy@ target of $1.00 on it right now.
    21 Sep 2010, 10:35 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    Mish mentioning "Dismantle The Fed" in an article addressing, ostensibly, Roubini's call for a payroll tax holiday.

     

    Does Ron paul have another new ally?

     

    seekingalpha.com/artic...

     

    HardToLove
    21 Sep 2010, 10:58 AM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    (CPST): Well, now that the clean tech indexes and Russell have been adjusted (removed from the two clean tech funds), trade activity is changed, as I expected it would (but I was unsure as to how) and I don't see any evidence of shorts hammering this morning (although I see a couple of instances where it looks like they might have tried but failed) and CPST is up 5.83% right now.

     

    I believe this starts the long slog back (sans any unusual catalysts) to a reasonable price level. It will not likely be continuously up, but I believe the trend over the next couple of weeks and beyond should show improvement.

     

    Shorts *should* be covering on this action and if not careful they could get a nasty squeeze (still 22MM+ short IIRC).

     

    But keep the eyes open - I don't think the shorts will give up that easily and there's also likely a lot of shares purchased @ $0.622 area that won't be able to resist taking some profits on the way up.

     

    HardToLove
    21 Sep 2010, 11:07 AM Reply Like
  • optionsgirl
    , contributor
    Comments (5045) | Send Message
     
    Here'sTalk of M & A in junior gold and silver miners: Per article: Juniors with costs around $500 an ounce with large gold reserves (10 Mil ounces) are likely targets:
    www.mineweb.com/minewe...
    21 Sep 2010, 11:53 AM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    REE space is taking its lumps today.

     

    (LYSCF.PK) is down 11.02%. (GWMGF.PK) just announced issuing 35million shares plus warrants, and has dropped 10.33%.

     

    PRESS RELEASE: Great Western Minerals Group Announces Filing of Preliminary
    Prospectus

     

    21 Sep 08:55

     

    SASKATOON, SASKATCHEWAN--(Marketwire - Sept. 21, 2010) -

     

    (NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES)

     

    Great Western Minerals Group Ltd. (TSX VENTURE:GWG) (OTCQX:GWMGF) ("GWMG" or
    the "Company") is pleased to announce that it has filed a preliminary short
    form prospectus with respect to the distribution of up to $35,000,000 of units
    of the Corporation ("Units"). Byron Securities Limited has been engaged to act
    as lead agent with Salman Partners Inc. (the "Agents") in respect to the
    offering of the Units (the "Offering").

     

    The pricing of the Units will be determined by the Company and the Agents in
    the context of the market prior to filing the final prospectus in connection
    with the Offering. Each Unit will consist of one common share of the
    Corporation (a "Common Share") and one-half of one Common Share purchase
    warrant (each a "Unit Warrant"). Each whole Unit Warrant shall entitle the
    holder thereof to purchase one Common Share (each a "Unit Warrant Share") at a
    price per Unit Warrant Share to be determined at the time of pricing of the
    Units. The Unit Warrants will have a term expiring at 4:00 p.m. (Saskatoon
    time) on the date which is 18 months from the completion of the Offering.

     

    GWMG plans to use the net proceeds for repayment of the short term debentures
    issued on September 6 and September 14, 2010, advancement of the Rareco project
    in South Africa, and for working capital and general corporate purposes.

     

    A preliminary prospectus containing important information relating to the
    Offering has been filed with the securities commissions or similar authorities
    in certain jurisdictions of Canada. The preliminary prospectus is still subject
    to completion or amendment. Copies of the preliminary prospectus may be
    obtained from the Corporate Secretary of Great Western Minerals GroupLtd., at
    219 Robin Crescent, Saskatoon, Saskatchewan S7L 6M8 (telephone number: (306)
    659-4500) and are also available electronically at sedar.com.
    21 Sep 2010, 12:22 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    OG: What I find curious is that miners across the board are down the first day of this elitist conference. I'm thinking of scooping up a little Exeter, just in case some deal is made. Looking into others, too.

     

    Exeter (XRA) has pulled back some since this annoucement on Sept. 13:

     

    finance.yahoo.com/news...

     

    TB: PAL's down big today on no news. I bought more, but am getting a little concerned.
    21 Sep 2010, 12:30 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    A rumor is making the rounds in Canada that they are going to add a mining tax of 20% like Australia's. South Afrika has such a bill sitting in a committe in their legislature. As usual, political intrigue lies behind market moves.

     

    I saw a blog on a goldbug site which purported to have a draft copy of a similar bill which will be presented in the House soon, except it will include oil and gas producers as well.

     

    Eternal political vigilance is a necessity.
    21 Sep 2010, 12:49 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5045) | Send Message
     
    Maya: Re: PAL: Did you see this?
    nap.com/documents/NAPI......
    If you can't access the link, just copy and paste it. It's on NAP.com investor relations as a presentation.
    21 Sep 2010, 12:50 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    Not working either way for me, OG.
    21 Sep 2010, 12:54 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5045) | Send Message
     
    Maya, it's PAL's slide presentation in Denver, dated yesterday.
    I read through it too quickly to really digest much, but it seemed bullish.
    Go to www.nap.com, and on the right side you will see this newest presentation, posted yesterday. Right beneath it is a audio presentation from Denver.
    21 Sep 2010, 01:28 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (5803) | Send Message
     
    I bought PAL on the dip this morning.
    21 Sep 2010, 02:20 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    Great Western trading was briefly halted on the Canadian exchange this morning while this notice was distributed.

     

    This is an odd turn of events - to literally sell a few million dollars in debt VERY recently - and then turn around and dilute about 3 times that amount in a sudden stock/warrant sale - is puzzling. It smacks of disorganization, and buried problems within the company (I associate this sort of haphazard behavior with management abruptly discovering some nasty surprises in their operation).

     

    This is one of those episodes I can look beyond ONCE.

     

    Next time I'm bailing.

     

    Maya, if you were looking to add GWM, that price drop you were looking for is here. Normally I WOULD be adding about now, but not under these circumstances.
    21 Sep 2010, 12:31 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (5803) | Send Message
     
    Just bought (RBY)
    21 Sep 2010, 02:38 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10803) | Send Message
     
    Came very close to closing out my Great western (GWMGF) position this morning. When it bounced off $0.31 I decided to hold it. While share dilution will result from the offering it's still showing a profit and may apreciate with out going much lower. In fact I will probably add to the position if it gets under $0.30.
    21 Sep 2010, 12:39 PM Reply Like
  • one eye
    , contributor
    Comments (647) | Send Message
     
    New SA Author, one article, Kent Moore, suggest reading it. OPEC, ..and 2011.

     

    BSDM rising again as is HDY.
    21 Sep 2010, 12:40 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    One Eye: About (CAGC)...surely you know this, but there was an analyst that said China Agritech could shoot down to $9.00, due to dubious accounting methods. There seems to be some issues between Chinese fertilizer companies about who is cooking the books, or not. CAGC said it is *going* to hire a big four accounting firm.

     

    Yet another analyst has CAGC a $20.00 stock.
    21 Sep 2010, 12:55 PM Reply Like
  • H. T. Love
    , contributor
    Comments (17304) | Send Message
     
    (AEM): COO says M&A still very much alive in space, has been approached by companies looking to be bought out and is looking at some of interest too.

     

    But good news (maybe?) is they are also looking to raise dividend and want to limit takeovers to 5%-15% of AEM market cap (~$11B).

     

    Full text here.

     

    www.tradingmarkets.com...

     

    In other news (personal), I closed out some short calls for a tidy profit today, took profits by letting the $65 call in another account get exercised (had several cycles of options profits on $54 entry price) and still have a couple hundred shares entered at a higher price I've got to decide to sell at a profit or do another short call.

     

    A couple of puts still on hand to do something with.

     

    Don't forget that ~6 analysts, IIRC, have a price target in the $77-$80 range. We're early in the gold season, so chances seem good.

     

    HardToLove
    21 Sep 2010, 12:58 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5045) | Send Message
     
    Imax is up over 5% today. I sold $17 calls on my position as a hedge. Between the stock price rising and the options sold, it would be a very nice profit if my shares are called away.
    21 Sep 2010, 01:00 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5045) | Send Message
     
    Here are all the presenters w/ their presentations for this Denver conference. This includes SWC,JAG,and lots of others we are familiar with:
    www.gowebcasting.com/c...
    21 Sep 2010, 01:32 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9597) | Send Message
     
    Trip: A 20% tax bill being presented in the US house of Reps? Or, South Africa's?

     

    Stopped out on most of my PAL...because this Canadian tax news. Ouchy!

     

    I'm waiting for clarity to get more (GWMGF).

     

    OG: Thanks for the info.
    21 Sep 2010, 02:17 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    Yes. LOL, actually, US, Canada, and SA, with Australia showing the way to the glorious fascist future. I would not be surprised to see this thing immediately pop out if Cap & Tax fails. The Democrats have always maintained that they will have carbogeddon either all in one huge banquet, or a la carte. If all else fails, Voldemort will do it via regulation, filling in all those blank spaces left in recent legislation.

     

    The question is not "if", but "when", and "how".
    21 Sep 2010, 02:43 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5045) | Send Message
     
    Boeing's design for an amazing solar powered plane should be in the air for five years. Darpa funded it, and now it is to be built:
    www.popsci.com/technol...
    21 Sep 2010, 02:22 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4769) | Send Message
     
    Author’s reply » Please go to QC # 102 at the following link:

     

    seekingalpha.com/insta...
    21 Sep 2010, 02:35 PM Reply Like
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