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A Whole Lot of Nuthin' Going On
Pretty much a boring day, as the fundies are now fully engaged in quarter end markup operations, where the last .001% of cash reserves held in the funds are used to buy more shares of the "must own" stocks.
Just watching and waiting to see what happens here:
Some more breakouts in the consumer names, like Talbot's today. Obviously, a few funds are still lacking sufficient "retail discretionary" exposure for the quarter end statement print.
And after the CFTC hearings, attempted assasinations, and rumors of gold shortages over the weekend, I guess the traders assumed these stories failed to amount to much of anything.
More than likely just more fantasy stories brought to you by the same people who drag out cartoon characters to predict the next gold price target.
"This is it and it is now!!"
"Gold is going to $1,650, then to Alf's numbers, then to E.T.'s numbers, and then to Buzz Lightyear's numbers!!!"
Gotta be in it to win it!"
Oh well, maybe next time...
Not quite ready yet, but the setup is building nicely..
It appears that eventually we'll see some rotation out of the retail sector, and money will start dumpster diving into the beaten down natural gas and oil service names.
Some squeezes are already happening, like in Southwestern Energy today:
Speaking of energy, somebody "made their year" riding this thing....
And maybe the 1999 hookers will be getting a casting call soon?
And everyone is awaiting the Masters...
Will Tiger be bring along some of his girls?
Maybe Hugh Hefner will pull a bad joke and bring along some of his...
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Silver? Oil? Copper? Doelarr? Geselle? Heidi? Petra? Bar?
I caught a piece of that copper today on a buy stop. It has been acting the best of the tradable metals lately. In the old days, like 4 or 5 years ago, you could trade the metals in size w/o the squid-crush-whip they have out on le menu these days. I also like using copper as a sentiment indicator. Usually if it's getting a bid or holding one, the end is not nigh for everything else. I think that since Bear Stearns and then Lehman, all opinions were pretty much rendered useless. T.D. likes to quote his old boss occasionally, "nobody gives a fuck about your opinion." I know a lotta people on this site have had it with cnbc, including me, and I like the extra set of eyes that Robo provides, because I can tell he watches stuff I look at, sometimes. Hey, if Leo likes his solars, let him fire away. They are making up this shit as we go along, so I'm just trying to play it, have some fun and try not to stress about it. If we have a slow day with no shanks or squeezes, Robo usually comes up with something. Golf clap for Robo.
I guess you post was ALMOST complete a minute ago...touche!
Nuthin' but sun going on:
And check out this little puppy, up 12% on big volume today:
That bikini is very sunny....
yes, the solars were strong today. you may want to put YGE on your radar too.
http://3.bp.blogspot.com/_T-J2hjN2HaE/Ss0btK6LjaI/AAAAAAAACMU/CCyGtk38Ir...
Thanks, the following solars are on my radar:
http://finance.yahoo.com/q/cq?d=v1&s=csiq,fslr,jaso,ldk,sol,solf,spwra,stp,tsl,yge
Cheers,
... CPE and WNC are now YTD leading percentage gainer on NYSE.
Anyone know what caused the Russell2000 index to dip around 230p EST? Predictable recovery ensued after the abrupt drop.
Leo,
When it comes to solar stocks, you really are a bottom-feeder, man. All those solar stocks are down 30%+ from their highs and you're acting like they're breaking out to new 52-week highs on strong volume.
Damn right, I've been loading up like crazy at these levels, preferring to get in before the big run-up. Solars aren't for grandma and grandpa, so don't try to get cute here. They are heavily manipulated by big hedgies, so tight stops will get you out of positions in no time. I like buying when they get hit hard (20%+). Fundamentals are shifting, however, and it's looking green again, which could mean a more sustained uptrend.
You were also "loading up like crazy" in mid to late January and look how that turned out.
Eh, I guess my point is that anyone who listens to your advice on these things is even crazier than you. And this is coming from a person whose average trade holding time is less than a week.
Listen you moron, I have not sold one single solar position, only accumulated more in my LT portfolio. So go on buying whatever scrap is making new 52-week highs. We shall see who makes money GOING FORWARD.
Go brag somewhere else.
Joke? You must...
Oh spare me, I ain't bragging, just sharing my thoughts. If anything, I would have been better off buying other stocks than solars. I am betting on an alternative energy bubble and will live and die with the consequences of my decisions. We are all adults here, except some of us are just more forthcoming than others. And let me repeat, solars are not for most of you.
Leo is in a fighting spirit, now back off ye of timid spirit in matters solar.
Leo,
The solar and "alternative energy bubble?" Man, that got canceled when Bailout One extended the RE ITC to utilities in Oct. 2008.
Remember that 5 year 30% ITC/PTC extention all the SEIA folks were so happy about? Giving that to the utes ended solar as we know it in this country.
You'll note that about 95% of solar industry's entire sales for 09 and so far in 10 were utility sales - "Get Big or Get Out" (Thanks, Earl). By 2015 net metering will be history, since the utes can now easily make their RPS numbers by building their own subsidized systems, that will deliver energy with zero COGS from now on.
The retail solar trade's history... and with it, your investments, since the utes won't be paying list when they're out shopping 20MMW arrays.
The utilities will cut their own deals with suppliers at low margins, or buy the excess manufacturing capacity to fill their needs and maybe sell you a few modules too, at retail rate, though they won't be buying your excess power anymore.
Spain's solar industry's crashed, Germany's is tanking, 75% of people surveyed in the USA are all for solar power - IF IT IS PROVIDED BY THEIR UTILITY COMPANY. Too little too late small-scale rooftop "leasing" deals won't be enough, PPA's are useless unless somebody needs big losses. If electricity rates go to $1.00/kW.hr you'll see some ROI but till then, you're a long term investor and most of the firms you own today will not exist in 5 years.
The sun is definitely going down on Solars,
the greatest wealth destroying technology ever devised by man...
You guys should be happy for Leo. I hope he makes a shitload, its not like I am shorting the solars. I don't understand all the animosity towards him. Congratulations Leo.
I hope Leo makes a shitload, but he married a stock and you should never get married to a stock......
Leo is right about solars....until some asshole engineering nerd nobody knows invents a device as big as your ipod that will supply all the electric needs of your house with a charge once a week out of the socket.
I am looking furiously for that asshole.
here you go rainman http://www.cheniere.org/correspondence/030110.htm his name was nicola tesla
leo, where is the end demand, for the product? I can understand riding the liquidity wave up, but you don't make money until you sell. theres not enough money floating around, to actually buy, and install the products, at this point in the economic cycle. a half a loaf of bread is better than no bread at all. greed is a portfolio killer
RobotTrader why do you hate PM's so much?
Because he keeps getting junked in the gold threads by the perma-junkers...
Payback's a bitch!
Not that it effects the price of gold in China
Just some opinions.
Basically, just coast time until we start with the Q1 financials, unless we see a trigger. From Greece or China perhaps. But, if the geo-triggers stay quiet, much of the action will be home grown.
Alcoa should be intersting. After the buy anything runup, its amazing that the stock does not take a hit based on inventory levels alone (no growth). More recently, perhaps in the decline BDI, an Al leading indicator? But, I will admit that metals is not one of my sectors.
I am expecting a decline in the financial sector after the Q1 reports. This should produce a broader market sell off (S&P 500 to about 1000), because I think most of the managers see financials as our largest investment (private/public), and obviously, the most protected. Any movement here will spill over.
The fun question is when you ask Money Managers about their long term view. I myself, find it difficult to plan 1 Quater in advance, even so, with a slew of contingencies.
Mark Beck
Welcome to the Girls of Playboy Golf Program
Dear Potential Contestant: too bad i am so flat†
many men find small breasts more appealing, than big round silicone sacks
only leg men¿
I'm more of a neck man, don't know why
Whats the symbol for Dow Corning?
DCUP ?
++
Yes, flat, beautiful, with a nice butt. The perfect woman.
What's the symbol for Telecom Italia on the Amsterdam Exchange?
Current EUROYEN / EURO strength and USD weakness continues.
http://www.zerohedge.com/forum/latest-market-outlook-0