crimfunk's Comments

15 Long Ideas for Buying on Strength

Thu, 19 Mar 2009 15:56:53 -0400

what about adding institutional buying volume? from a quick glance CERN looks to have the best accumulation of the bunch

Tuesday Options Update: XLF, BAC, C, MS, EXPE, RHT, JCI

Tue, 14 Oct 2008 13:17:59 -0400

any activity on the XLE?

thanks

Celgene Becomes a Bargain Once Again

Fri, 19 Sep 2008 12:56:15 -0400

and this

WASHINGTON (Dow Jones)--The Food and Drug Administration said Thursday that Celgene Corp.'s (CELG) blood-cancer drug Revlimid may cause a rare but serious skin reaction in some patients.

The agency released a post-marketing review of Revlimid as part of a quarterly drug-safety newsletter that was posted to the agency's Web site. The review discussed 14 reports of serious skin reactions possibly linked to the drug.

Earlier this month, Revlimid appeared on a list of about 20 drugs that the FDA said it was investigating after receiving reports of various post-marketing safety issues but details weren't released.

The FDA said doctors need to be aware of the possibility that Revlimid could cause serious skin reactions and said the drug should be discontinued if a skin rash appears. The skin-reaction possibility is not currently contained in Revlimid's label, which partly serves as tool to warn doctors about drug risks, the FDA said.

Brian Gill, a spokesman for the Summit, N.J., company, said it was likely that the label for Revlimid would be updated to include reports of the skin reactions. He said about 60,000 patients have been treated with Revlimid.

Revlimid was approved in December 2005 to treat a bone-marrow disorder known as myelodysplastic syndromes and later approved for multiple myeloma, a type of blood cancer.

Since approval, the FDA said it had received 14 reports of serious skin reactions, known as Stevens-Johnson syndrome or toxic epidermal necrolysis, through January 2008. The agency said it received three reports of deaths in patients with the skin conditions, although in one case the cause of death was listed as progression of a type of blood cancer.

The skin conditions are two related skin disorders characterized by blisters that typically result from drug exposure. The agency said eight of the patients had reported either taking or previously being on other drugs that could have also caused the skin reactions. However, the FDA said in at least two cases it appeared that Revlimid played a role in the development of skin reaction.

Revlimid already carries the FDA's toughest black-box drug warning discussing the possibility of birth defects and other serious problems, such as blood clots, and is sold under a restricted distribution system.

Is There a Bounce Opportunity in the Energy Sector?

Thu, 18 Sep 2008 12:36:39 -0400

I do like the E&Ps DVN, XTO, XEC, APC

Is There a Bounce Opportunity in the Energy Sector?

Thu, 18 Sep 2008 12:35:53 -0400

no. Crack spread dropped 20% and crude is in backwardation. Refiner utilization is in the mid 70s what will happen to refiners when it gets to the mid 80s?

Options Trader: Friday Outlook

Fri, 12 Sep 2008 16:33:59 -0400

Phil,

Not playing the refiners? Some monster moves over the past several trading days. Long FTO, VLO, TSO stock and calls.

No To Refiners - Cramer's Lightning Round (9/10/08)

Thu, 11 Sep 2008 11:40:20 -0400

Love Cramer bailing on refiners just when the crack spreads are improving.

Options Trader: Thursday Outlook

Thu, 28 Aug 2008 09:39:06 -0400

Not playing the refiners? Huge pop with improving cracks spreads and low valuations. Long TSO, VLO, FTO stock and call spreads.

Tuesday Options Update: UNG, WYE, XLF, GE, AAPL, MRVL, FNM, MCRS, CLNE, CAKE,

Tue, 26 Aug 2008 13:03:25 -0400

UNG)>

Fast money was pimping the UNG last night. I'd rather trade the e&Ps APC, PXD, XTO among others.

Options Trader: Tuesday Outlook

Tue, 26 Aug 2008 10:31:22 -0400

The USO might not look strong but APC, DVN, XTO and other solid E&Ps have built a nice base and strong gains from the time the $bpener gaves us the last buy signal.

Wednesday Options Update: MER, BAC, FNM, AMGN, AMLN, LLY, MEA, GE

Wed, 20 Aug 2008 20:23:17 -0400

love the MEA info. Added a chunk today.

thanks

Railway Stocks Haul Transportation ETF to Solid Returns

Wed, 20 Aug 2008 20:22:36 -0400

What were your thoughts behind the huge put buying in the rails the past several weeks. Is this hedging or a sector rotation. My fav rail over the years has been GWR.

Valero, Tesoro: Margin of Security in Refinery Assets

Wed, 20 Aug 2008 15:11:29 -0400

If crude's trend is up then the crack spread margins will continue to be pressured, less money less profit for refiners.

Thursday Options Outlook: WPI, ADSK, DNA, NITE, LEN, CTRP, FRX, IDCC

Thu, 14 Aug 2008 16:23:07 -0400
just read this again

"opening long positions here would mesh well with a trend we’ve seen consistently this week of traders extending defensive positions further into late 2008/early 2009"

Big Oil Looks to Cash in on Crude Oil Prices

Thu, 24 Jul 2008 12:24:41 -0400

Inventory numbers don't bear this out. Greater gas and distil inventories with demand destruction China and US spells lower margins.

The Brightest Stars in the Commodities Boom, Part Two

Thu, 10 Jul 2008 10:38:05 -0400
Why would you not believe that he added James River Coal Company (JRCC) at $5.00 and sold for a huge profits? His other post called the coal bubble spot on. K-Fine on fast money also called the s/t coal bubble.

Sometimes a Bear Is Just a Bear

Fri, 27 Jun 2008 12:13:25 -0400
Just hedge your long positions dollar for dollar with SDS, TWM, QID and you will be fine.

Dollar Destruction: My Wealth Inequality Manifesto

Thu, 26 Jun 2008 10:29:47 -0400
Philip,

In this market what would you expect a capitulation to look like? Will it take another DOW -400 day on heavy volume or do you have lower price targets for the DOW, SP, and Nasdaq?

I tricked myself this week thinking that this would be a s/t bottom, closed some shorts and added some discounted long positions.

thanks

Options Trader: Monday Outlook

Tue, 17 Jun 2008 08:55:31 -0400
I've heard a bunch of calls for the bottom, which struck me as strange since 1) we are in month 7 of a bear market and the last bear lasted 2 1/2 years 2) the DOW and the SP500 both loss support at the 50dma 3) companies are just starting to digest life with crude +$120. I remain 40% short or hedged and 60% long.

Options Trader: Monday Outlook

Mon, 16 Jun 2008 17:15:20 -0400

did you call a bottom last week?

Friday's Options Update: WB, ZION, BAC, MRVL, GE, KO, LEH, CLX, AAPL, FITB, IGT

Sat, 14 Jun 2008 10:42:56 -0400
Any update on the FTO options action? Thanks for these great posts.

Options Trader: Thursday Outlook

Thu, 12 Jun 2008 11:36:11 -0400
are you using this rally to start or add to any short or hedge positions. Yesterday I closed 1/2 of my DXD, TWM, SRS, SDS. Charts are telling me that the bear is back for the summer.

Oil ETFs: What if the Dollar Strengthens?

Thu, 05 Jun 2008 11:21:19 -0400
DUG is not a good proxy to short oil. DUG shorts $DJUSEN x2 which is made up of E&Ps, OIH companies the drillers, Refiners, and NG Plays. For DUG to trade well all four must come down at the same time. While crude may drop the E&Ps, refiners have bottomed and are rising with the crack spreads, NG demand hasn't stopped, and driller will perform with continued demand.

Valero Energy: The Price of Oil

Thu, 05 Jun 2008 09:54:07 -0400
How can you discuss VLO or any refiner without looking at the crack spreads. Despite the rise in crude, the margin have greatly improved over the last month $12 to $20 for NYMEX 321. Additionally, VLO and FTO are two sour refiners who will generally pay $20 to $30 less pbl.

5 Metal and Mining Stocks for Short Term Consideration

Thu, 05 Jun 2008 09:48:40 -0400
Good sign for NUE and watching CRS for the bottom reversal

06/05 09:00 *DJ Nucor Increases Guidance For Its 2Q Earnings

*DJ Nucor Corp Sees 2Q EPS $1,75-EPS $1.80 >NUE

06/05 09:01 *DJ Nucor Corp Had Expected 2Q EPS $1.55-$1.60

Options Trader: Monday Outlook

Mon, 02 Jun 2008 20:07:59 -0400
should have kept your refiner plays going, lots of room left

Monday Options Outlook: WM, XLF, C, PXP, AMT, TMX, CTSH, PSUN

Mon, 02 Jun 2008 20:01:48 -0400
I like the TMX long play current price near $40 breakup of TMX and TMX international near $50 per share. AMX wasn't a bad spin off either.

If You Think Oil Has Peaked, Buy Airline Stocks or FedEx

Fri, 30 May 2008 16:21:32 -0400
The refiners are breaking out sour crude FTO/VLO; TSO and others to follow. FTO/VLO have the best risk to reward, TSO greatest short interest.

The Short Case for Fomento Economico Mexicano

Thu, 29 May 2008 11:53:01 -0400
Getting killed today +1.15 2.48%; 52 week high. Gonna breakout better cover

Options Trader: Wednesday Outlook

Wed, 28 May 2008 21:53:41 -0400
FTO is the bomb.