VXX: Wall Street's One Click Bandit [View article]
Still holding at $18.44. Market very frothy, looking for VXX 10% gain to $19.50-$20.00 before I sell. Then VXX next leg down to $17.50 range by early June.
VXX: Wall Street's One Click Bandit [View article]
Ok "nukeman." Like I said, bought at $18.23 on Tuesday May 14. Still holding. I want to prove to all you smart guys that money can be made in VXX. I'll tell you when I sell. Probably tomorrow morning for about $18.75. 3-4% in three days- I'll take it. You may also find it interesting that VIX is rising for last two days with the indices rising as well. That should tell you something about the next few days or week ahead.
VXX: Wall Street's One Click Bandit [View article]
HA! That's simply not true. VXX is a fine tool for minute by minute trading, but certainly not buy and hold for days or weeks due to decay. I've bought several times at the "lower low" which usually pegs VIX in the 12 range. VIX at 12 typically signals a short lived minor correction pushing VXX up 10-15%. Say you bought VXX today at $18.20 and tomorrow the market is down boosting VXX to $18.70-$18.90. Watch that cylce over and over and over.... I'm in VXX today at $18.23 with a tight stop. Either I'll be stopped out tomorrow at $18.15 or I'll have a .50 trailing stop. I think VXX will break $19.50 by OPEX May 17.
The coal industry is far more economically vulnerable than most analysts have realized, a new study says, thanks to cheap natural gas crowding out coal and strict air pollution regulations that could accelerate that shift. Key stat: An additional 56% of the U.S. coal fleet could become more expensive than natural gas, assuming the ratio of gas prices to coal stays around its current level. [View news story]
These guys need to learn more about hydraulic fracking before putting coal in the grave.
Moderate early losses are erased and stocks turn higher in afternoon trade, SPY +0.35%, QQQ +0.3%. Consumer goods stocks lead the way, the XLP +0.8%, the XLY +0.7%. [View news story]
Wake up. CB's are systematically destroying the global economy. You may make a few dollars, but when those same dollars become worthless you'll be no better off. Most Americans are so short-sighted it amazes me.
Exco Resources (XCO) +2.1% AH after billionaire investor Wilbur Ross tells a CNBC audience his firm has been a big investor in the stock. Ross was discussing opportunities in shale gas explorers, where he says "there's a real disconnect between the physical price of the material and the price of the securities." [View news story]
KWK is top of the list. A no brainer at $2.40, even with the debt they should be trading in the $5-6 range.
Are Utilities Done Switching From Coal-To-Gas? [View article]
Just wait until the environmental devastation of hydraulic fracking is fully understood and recognized, and what negative impact it will have on NG producers in the next 5-10 years. This argument will be different than coal and global warming, as the contaminated ground water, dead rivers and lakes, will be irrefutable evidence that the fracking liquid discharge is making water supply unsafe. The EIA chart will be proven wrong.
You also should discuss impact of coal gasification projects which could increase domestic use of coal.
More importantly, the exporting to India and China will continue to drive growth for coal companies in the next decade as coal will remain the low cost producer.
Lastly, the NG producers are presently loosing billions. They must reduce supply to boost pricing. You are starting to see this now as rig counts decrease. Once NG hits a more historical price target of $6-7mm btu, you will see a shift back to coal domestically, with continued to developing country growth.
Conclusion- in a year or two those that bought coal producers WLT, CLF, ANR, and my favorite ACI, will be rewarded handsomely.
The Centers for Medicare and Medicaid Services, after originally calling for reducing Medicare Advantage payments in February, seem to have reversed course, now projecting that combined growth in Medicare Advantage rates and fee-for-service rates will be 3.3%. Though it's unclear precisely what that may mean for health insurers, the markets are taking it as a positive: HUM +9%, AET +2.3%, WCG +4.1%, UNH +4% AH. [View news story]
Drug Companies Have Rebounded From The Patent Cliff With Acquisitions Now On The Mind [View article]
ADXS. Great platform, even greater potential. One of my best kept "secrets" for 2012/13, and buying more and more at this "give-away" price. Once PII results are final/announced (second half 2013) the true value of this company will be known. Many constructs in the pipeline. ADXS could very well be the next DNDN, or better, a break-thru cure for many types of cancer. Check them out, very exciting!!
The number of rigs drilling for natural gas in the U.S. fell for the third time in four weeks, according to the latest Baker Hughes rig count, as producers continued to cut down on dry gas drilling despite strong price gains in recent weeks. The gas-directed rig count, which fell by 13 to 418, now hovers just above the 14-year low of 407 posted two weeks ago. [View news story]
What a great day to buy KWK. This will be a double or triple.
Lennar (LEN) CEO Stuart Miller is bullish on the housing market. "We are clearly in the midst of a recovery," he says. "Prices are moving up not because costs are moving up so much, but because demand is getting so strong." Just look at Nevada, one of the nation's hardest hit by the housing collapse. Despite a 334% surge in new foreclosures, builders are ramping up production. Housing starts in Las Vegas are up nearly 100% from a year ago. Miller says he wouldn't be surprised to housing starts get to 1.7M, even 2M nationwide at some point when the recovery really kicks in. [View news story]
He should say "we really can't justify this frothy LEN share price, but we want you to believe in a recovery so we can sell you our shares." Yes, new homes sales are better than the last few years, but all one has to do is look at a 10 year chart to see the current builder valuations are way ahead of themselves. RYL at $41.Meritage at $45. Comical. Many will be burned at these levels when the bubble burst, just like last time.
Quicksilver Resources (KWK) +3.6% AH after disclosing in an 8-K filing a restatement of Q1, Q2 and Q3 results from 2012 due to derivatives previously recognized as hedges increased 2012 net income by $133M to reflect changes in fair value in earnings. KWK discontinued the use of hedge accounting on all its derivatives effective Dec. 31, 2012. [View news story]
So that's one of the reasons for the big jump. Look to test $4's next week.
VXX: Wall Street's One Click Bandit [View article]
Newfield Exploration's CEO Presents at UBS Global Oil and Gas Conference (Transcript) [View article]
VXX: Wall Street's One Click Bandit [View article]
VXX: Wall Street's One Click Bandit [View article]
VXX: Wall Street's One Click Bandit [View article]
VXX: Wall Street's One Click Bandit [View article]
I'm in VXX today at $18.23 with a tight stop. Either I'll be stopped out tomorrow at $18.15 or I'll have a .50 trailing stop. I think VXX will break $19.50 by OPEX May 17.
The coal industry is far more economically vulnerable than most analysts have realized, a new study says, thanks to cheap natural gas crowding out coal and strict air pollution regulations that could accelerate that shift. Key stat: An additional 56% of the U.S. coal fleet could become more expensive than natural gas, assuming the ratio of gas prices to coal stays around its current level. [View news story]
Moderate early losses are erased and stocks turn higher in afternoon trade, SPY +0.35%, QQQ +0.3%. Consumer goods stocks lead the way, the XLP +0.8%, the XLY +0.7%. [View news story]
Exco Resources (XCO) +2.1% AH after billionaire investor Wilbur Ross tells a CNBC audience his firm has been a big investor in the stock. Ross was discussing opportunities in shale gas explorers, where he says "there's a real disconnect between the physical price of the material and the price of the securities." [View news story]
Are Utilities Done Switching From Coal-To-Gas? [View article]
You also should discuss impact of coal gasification projects which could increase domestic use of coal.
More importantly, the exporting to India and China will continue to drive growth for coal companies in the next decade as coal will remain the low cost producer.
Lastly, the NG producers are presently loosing billions. They must reduce supply to boost pricing. You are starting to see this now as rig counts decrease. Once NG hits a more historical price target of $6-7mm btu, you will see a shift back to coal domestically, with continued to developing country growth.
Conclusion- in a year or two those that bought coal producers WLT, CLF, ANR, and my favorite ACI, will be rewarded handsomely.
The Centers for Medicare and Medicaid Services, after originally calling for reducing Medicare Advantage payments in February, seem to have reversed course, now projecting that combined growth in Medicare Advantage rates and fee-for-service rates will be 3.3%. Though it's unclear precisely what that may mean for health insurers, the markets are taking it as a positive: HUM +9%, AET +2.3%, WCG +4.1%, UNH +4% AH. [View news story]
Drug Companies Have Rebounded From The Patent Cliff With Acquisitions Now On The Mind [View article]
The number of rigs drilling for natural gas in the U.S. fell for the third time in four weeks, according to the latest Baker Hughes rig count, as producers continued to cut down on dry gas drilling despite strong price gains in recent weeks. The gas-directed rig count, which fell by 13 to 418, now hovers just above the 14-year low of 407 posted two weeks ago. [View news story]
Lennar (LEN) CEO Stuart Miller is bullish on the housing market. "We are clearly in the midst of a recovery," he says. "Prices are moving up not because costs are moving up so much, but because demand is getting so strong." Just look at Nevada, one of the nation's hardest hit by the housing collapse. Despite a 334% surge in new foreclosures, builders are ramping up production. Housing starts in Las Vegas are up nearly 100% from a year ago. Miller says he wouldn't be surprised to housing starts get to 1.7M, even 2M nationwide at some point when the recovery really kicks in. [View news story]
Quicksilver Resources (KWK) +3.6% AH after disclosing in an 8-K filing a restatement of Q1, Q2 and Q3 results from 2012 due to derivatives previously recognized as hedges increased 2012 net income by $133M to reflect changes in fair value in earnings. KWK discontinued the use of hedge accounting on all its derivatives effective Dec. 31, 2012. [View news story]