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RSI Raistlin

RSI Raistlin
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  • The bailout rejected, what's next for Cyprus? Open Europe suggests the EU will allow a few days for Cypriot MPs to get their minds right before the ECB thinks about cutting off funding for the country's banks (which would lead to their collapse). Or not. Reuters' Anatole Kaletsky notes the ECB needs two-thirds of its board to cut off ELA funding, and the Germans don't have the votes. "Time to get bullish ... German U-turn ahead!" [View news story]
    welcome to throwing money down cold dark black holes ECB.....collateral? Ha! Never heard of it!
    Mar 19, 2013. 04:06 PM | Likes Like |Link to Comment
  • Cliffs Natural Resources: Support Reached [View article]
    It doesn't matter there will be no bottom until there's a true market reversal, how can you possibly buy in at this level when earnings estimates have come down to break even, market remains toppy with no current conviction either way and a beta almost 2.5?

    Show me a 5% market correction and I'll show you a 19.22 stock worth starting to build a position 21.85- 2.63 (( (.2185 * 5 * 2.41)))
    Mar 18, 2013. 02:30 PM | 1 Like Like |Link to Comment
  • Cyprus's parliament is due to convene this afternoon to debate an astonishing eurozone demand that it tax all bank deposits at up to 10% in return for a €10B bailout. While approval is not guaranteed, Cypriots rushed to take as much money as allowed out of ATMs. And although EU Commissioner Olli Rehn ruled out a deposit raid in other eurozone countries, menacingly for savers, eurogroup chief Jeroen Dijsselbloem would not. "We are in a new world," says an economist. Update: The parliamentary debate has been postponed until tomorrow. [View news story]
    welcome retired
    Mar 17, 2013. 11:41 PM | 1 Like Like |Link to Comment
  • The Meaning Of Cyprus [View article]
    Abe
    I think what Jimmy is trying to say is that perhaps many peoples savings ARE being stolen. Yourself and I are most likely the savers in our society so if and when the debt collections come due in our nation and suddenly our accounts are 10% lighter would you consider yourself stolen from? I certainly would because the vast majority in which receives said govt benefits have no savings to be stolen from in the first place so yes I consider it theft of peoples savings. We would be less likely the ones receiving govt aid or voting for a candidate who advocates more govt spending
    Regards
    Mar 17, 2013. 07:41 PM | 1 Like Like |Link to Comment
  • Cyprus's parliament is due to convene this afternoon to debate an astonishing eurozone demand that it tax all bank deposits at up to 10% in return for a €10B bailout. While approval is not guaranteed, Cypriots rushed to take as much money as allowed out of ATMs. And although EU Commissioner Olli Rehn ruled out a deposit raid in other eurozone countries, menacingly for savers, eurogroup chief Jeroen Dijsselbloem would not. "We are in a new world," says an economist. Update: The parliamentary debate has been postponed until tomorrow. [View news story]
    DOH!!! Why didn't I leave those puts in place.......damn head fake volume spike.......
    Mar 17, 2013. 06:38 PM | Likes Like |Link to Comment
  • If history is a guide, the markets may be due for a pullback, according to S&P Capital's Sam Stovall. Since World War II, Stovall says the median advance once the S&P hits its previous high after recovering from a bear market has been just 3%. But despite the ominous warning, there still may be some places to ride it all out. JPMorgan's chief U.S. equities strategist Tom Lee recently came up with 15 stocks that outperformed the S&P 500 in eight of the last 11 pullbacks since 2009: CAG, IBM, DIS, GPC, MMM, FISV, PAYX, PPG, SYY, SIAL, UNP, UTX, PX, L, and XRAY[View news story]
    oh give me a break....you know as well as I do no one ever took a loss by taking a profit and its better to be out early than out late. Well I took my profits and I'm out early....what are you? I have one day of money market rate under my belt and you have a down day.....sounds like
    I'm 1-0 and ur 0-1

    certainly I'm not going to take my advice from someone who's only been around since October...have you even actually seen the market go down or is that beyond your experience level?
    Mar 16, 2013. 11:34 AM | Likes Like |Link to Comment
  • If history is a guide, the markets may be due for a pullback, according to S&P Capital's Sam Stovall. Since World War II, Stovall says the median advance once the S&P hits its previous high after recovering from a bear market has been just 3%. But despite the ominous warning, there still may be some places to ride it all out. JPMorgan's chief U.S. equities strategist Tom Lee recently came up with 15 stocks that outperformed the S&P 500 in eight of the last 11 pullbacks since 2009: CAG, IBM, DIS, GPC, MMM, FISV, PAYX, PPG, SYY, SIAL, UNP, UTX, PX, L, and XRAY[View news story]
    Although I'm tending to be a contrarian lately, don't you find it a little unnerving that now people are trying to come up with excuses like "markets not at their INFLATION adjusted all time highs"? Who cares markets are still at their highs, RSI's through the roof, even celebrities are espousing their trading ideas? Are we all insane scalp if you want but be very aware of where we are.

    Note I've indicated on my stocktalks im not even in the market all my positions are closed (though I had my puts closed today that I put on yesterday) so I have no dog in the coming fight.

    Note #2 yes the volume at the close looks to me like a up day monday but after that..................
    Mar 15, 2013. 10:23 PM | Likes Like |Link to Comment
  • How Much More Downside Is There In Cliffs Natural Resources? [View article]
    Good article Chris. Although I would say that Cliffs can't bottom without a market correction. Being a high beta a correction will exacerbate the drop for Cliffs leaving the stock in a good position to be bought. Although until then I'd say stay away.
    Mar 15, 2013. 01:06 PM | 2 Likes Like |Link to Comment
  • Baidu Is A Buy, Dude [View article]
    See what happens when you find a stranger in the Alps **edited for content**
    Mar 15, 2013. 08:04 AM | 1 Like Like |Link to Comment
  • Overseas: Japan +1.45%. Hong Kong -0.38%. China +0.36%. India -0.78%. London -0.13%. Paris -0.48%. Frankfurt -0.12%[View news story]
    Anyone buying stocks at these lofty levels are in the same camp as the great investing titan.....Mila Kunis? http://read.bi/WLrgnp
    Mar 15, 2013. 07:42 AM | 1 Like Like |Link to Comment
  • Market recap: Stocks continued their inexplicable march higher, with the Dow posting its first 10-day winning streak since 1996 and the S&P closing within two points of its 2007 high, as a rally in natural gas prices buoyed energy firms and weekly jobless claims unexpectedly fell. But as stocks extend gains, volume is thinning: Average trading volume this month is down ~12% Y/Y. [View news story]
    Well THAT's IT! I QUIT! lol sold everything long in my trading account today n bought just a few puts......it can't go up everyday can it?

    No TA involved just simply a question in my mind of who would ACTUALLY buy a stock on the 11th day after 10 straight up days. Seems the absolute definition of late to the party to me.

    Anyone saying there isn't euphoria isn't watching bloomberg or cnbc because every single guest on both channels is saying UP UP UP
    Mar 14, 2013. 09:16 PM | 1 Like Like |Link to Comment
  • Cliffs Natural Resources (CLF -4.3%) plunges near four-year lows, capping a 40% YTD decline. Cowen analysts see CLF's move to idle its Wabush Pointe Noire pellet plant as prudent but accompanying cost guidance seemed "aggressive." Given recent action in Chinese steel prices, the firm sees further downside risk to iron ore prices which could add increased pressure to CLF shares. [View news story]
    sounds like standard language to me....even common stock quarterly dividends are usually approved by the BOD quarterly.
    Mar 13, 2013. 07:37 PM | 1 Like Like |Link to Comment
  • Cliffs Natural Resources (CLF -4.3%) plunges near four-year lows, capping a 40% YTD decline. Cowen analysts see CLF's move to idle its Wabush Pointe Noire pellet plant as prudent but accompanying cost guidance seemed "aggressive." Given recent action in Chinese steel prices, the firm sees further downside risk to iron ore prices which could add increased pressure to CLF shares. [View news story]
    Cliff has 71% of its ore production UNDER CONTRACT (sliding though it is) high iron ore SPOT prices are largely irrelevant. Which is why they didn't lose any money (technically) last year despite high input costs. The problem with the stock is not the problem with the company. Company will make money but who will buy a stock in which its board is so incompetent that it has to do a complete 180 on a dividend policy in under a year?

    Oh and as an extra screwing to shareholders they throw in dilution on top of it.

    Coupled this with a market top and this will easily see lower lows.
    Mar 13, 2013. 04:22 PM | 2 Likes Like |Link to Comment
  • 'Sell In May And Go Away' Might Come Early This Year [View article]
    over the long term even the intermediate term maybe but short term the market can take away more purchasing power than inflation can by an enormous amount interest rate raises or not. See Aug-Oct 2012....or was it 11? They all are running into each other lately for me.

    You know the one when cnbc had nightly....MARKETS IN TURMOIL!!!!!!!!! coverage
    Mar 12, 2013. 11:11 PM | 2 Likes Like |Link to Comment
  • 'Sell In May And Go Away' Might Come Early This Year [View article]
    Why risk any money. Market at top or very near top, perfect time to be 100% cash in a trading account while you protect urself to the upside in your retirement account.

    After all, these sell in May things happen quick usually in the first 4-5 days your down 3-4% on the market and if your holding single stocks you could be down 7-8%, without protection of course.

    Look at 2011 on May 31st to June 7th you were down almost 8 points on the SPY.....basically the entire loss on the first leg down of that summer.
    Mar 12, 2013. 07:38 PM | 3 Likes Like |Link to Comment
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