APRIL 13 , 2007....
MGPI...30/50 day short sell signal.....
70/30...odds in my favor ...I short at this price..MGPI... wheat distillery, into ethanol...
eps flat to up slightly...last 6 month’s...
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Downside....200 day= 21.3...
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bought puts on CHAP,APC,SU......overpriced
CHAP 63.65...MAY 60 PUT 1.40...
SU ..82.24...MAY 80 PUT ....1.60....
SU ..82.24...MAY 80 PUT ....1.60....
APC ...46.02... MAY 45 PUT....1.05...
Zee..
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UIC...is looking mighty chipper, these days...might be a buy...entry price...unknown...
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30/50 chart alert....
VMC....30/50 alert....just dropped under 50 day....look for retest of $125...highs....
JBX...30/50 day alert....resting on steep climbing 50 day....
Sohu 30/50 day alert ...short sell...
SNIC ...30 /50 day...short sell.....
VMC....30/50 alert....just dropped under 50 day....look for retest of $125...highs....
JBX...30/50 day alert....resting on steep climbing 50 day....
Sohu 30/50 day alert ...short sell...
SNIC ...30 /50 day...short sell.....
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4/13/07
OH SO THIS IS HOW the market is going to go higher....looks awfully chipper....
The blue chip index was helped Friday by news from Merck & Co., which rose $3.85, or 8.3 percent, to $50.21. MRK added 32 points to the dow...all by itself...The drugmaker soared after a federal judge in New Jersey dismissed a lawsuit related to its discontinued arthritis pain reliever Vioxx, and after the company raised its profit outlook for 2007.
4/13/07
OH SO THIS IS HOW the market is going to go higher....looks awfully chipper....
The blue chip index was helped Friday by news from Merck & Co., which rose $3.85, or 8.3 percent, to $50.21. MRK added 32 points to the dow...all by itself...The drugmaker soared after a federal judge in New Jersey dismissed a lawsuit related to its discontinued arthritis pain reliever Vioxx, and after the company raised its profit outlook for 2007.
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Anne of Green Gables quote..”””YOU.. truly are a madcap english professor’’’
Anne replies’’”””..there’s a logical explanation for everything...but you people are the most self centered.. quarralsome ..narrow minded..group I’ve ever encountered”””...
uh oh.....this is the signal for XBD...going higher....I call it the Handrill../..corkscrew...because it looks like an old handrill...back before they had electricity....or a corkscrew...because the overall picture../.. pattern looks vaguely...like ...something to open a bottle with...I guess in tech...language...one would describe the pattern ....as extreme consolidation...to the Nth degree....
nevertheless...I’ve learned ...not to buy puts...on these types of setups....
I found an example of price consolidation BUY signal...NDAQ....whoever... tried to short...NDAQ...three days ago....?....ouch...
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which brings me back full circle....crude oil prices will have to come down...in order to lend...support for..higher..XBD.. prices....because....when......the 20 or so banking companies... report earnings ...next week..( the bank earnings...won’t ALL...THUD...)..so..my conclusion...”””. In order that XBD...go up...Energy must fall....”””
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APRIL 12 , 2007
SLB 76/79...TARGET...PRICE
Stq at 528....i posted 2 weeks ago...short sell stq at 533....we’ll see...
XLE ... XLE =17% 55+17%= 64.2=90/10....
XLE at most moves 17%....
higher from it’s previous one month low..Mar 5 , 2007 ..(54.94) .historically....
so, I’m hoping XLE repeats itself....
then not only does XLE ..signal a top at that price...
OIH Stocks...will have topped too.....
I’m giving XLE short sell...@ 64.2...a 90/10...in my favor odds...because...
despite the energy stock upgrades...of late...
The individual stocks ...
still have to announce..they are in line with analysts...
and this will put pricing pressure on the XLE...
Steel index and XLE index...topping at the same time....coincidence?....luck ...favors the prepared....
Downside...to XLE...top at 64.2...
XLE top was today.....at $63.04
z-stock...
STQ BLOG...click here...
SLB 76/79...TARGET...PRICE
Stq at 528....i posted 2 weeks ago...short sell stq at 533....we’ll see...
XLE ... XLE =17% 55+17%= 64.2=90/10....
XLE at most moves 17%....
higher from it’s previous one month low..Mar 5 , 2007 ..(54.94) .historically....
so, I’m hoping XLE repeats itself....
then not only does XLE ..signal a top at that price...
OIH Stocks...will have topped too.....
I’m giving XLE short sell...@ 64.2...a 90/10...in my favor odds...because...
despite the energy stock upgrades...of late...
The individual stocks ...
still have to announce..they are in line with analysts...
and this will put pricing pressure on the XLE...
Steel index and XLE index...topping at the same time....coincidence?....luck ...favors the prepared....
Downside...to XLE...top at 64.2...
XLE top was today.....at $63.04
z-stock...
STQ BLOG...click here...
8 comments:
It’s getting too close to the top ,,,for me to buy any more calls....
without a very strong buy signal....
that’s sort of a broad reaching...conclusion...
I’m drawing from following energy and steel stocks...
I think energy stocks...head down ...going into options expiration week....
z-stock...
STQ and XLE are converging on my targets, at the same time....STQ= 533....almost there...XLE...64.2...almost there.....
When I see these targets, met....I’ll call this a market top...and start shorting....
I don’t think the earnings season, is going to be helped by the banks, and bank related stocks.....
I took a look at the DOW 30...and there’s not much help for the Dow there....either...
Some,...Stocks in the DOW 30...group are already toppy, and the others are beaten down for good reason....
72% cash......I think that’s great...
z-stock
here's a good read on the consumer number’s ....down 10%....seems to bear out my theory...
consumer finances are down 10%....go to this link...and see stat’s....61% down to 56%...
http://www.investorsparadise.com/marketspeculator/2007/04/12/markets-rebound-from-early-losses-to-end-up-green/
zee have a look at NYX, looking really good after todays action. if you see follow thru tomorrow it would be a good entry point.
Z-stock & Alok
Take a look at AGT @0.46. Gold looks pretty strong and I just bought a shit load of AGT@0.46
Alok, I am still holding EXLS, GSOL, HNSN, NYX and XNN. Remember Alok, I told you about XNN when it touched the 200MA @2.03. That's when I bought it.
Z-stock, I am still holding my AMGN in my IRA. We really bought that one at the bottom when it hit $55!!!
I'm back at the office next week so I will be posting. Hey Alok, we need to chat again on google talk.
Hey check out CEGE.Looks like it's a trade.
Hey check out JBK (Jack in the Box)
Touching the 50MA (50-30 rule) It might be a buy real soon.
Just bought NUVO @4.60.
Also my AGT is not nimble nimble. It's take all prisoner and burn the village!!
doc...
thanks for posting JBX...i saw that...I...was going to post later....
Now if Amgn can just close the 59/60 gap...from...I’ll have to look at AMGN...blog...It’s way back in the pile....somewhere in march...my point...
Amgn ..clear sailing higher ...if it...breaks through the gap....otherwise....might retest $55’s....
...strange...but I’m not buying commodities...I’m short selling them....be careful on your gold stock....
although \
I think you have a few days ...before inflation news....
turns the cycle...and news on inflation...goes to “”under control...”...
zee
zee excellent find MGPI, are you short on it already. i think i'll join you on monday if it turns.
doc, i'm gonna be working tonight so i'll be logged on after 11 tonight, and then ofcourse i should be there sometime in the weekend. i'm planning on watching pathfinder this weekend, trailers look good.
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