DEC 11th rate cut makes this go back to 77 or 79...
the last time GE went below the 200 day...it went under by $1.50...well right now..it’s $1.50 under the 200 day....quite a major coincidence....
in fact there are just too many coincidences...so GE must be a buy now...situation...
zee
Here’s how i calculate book value...
GE 07/08 EPS = 2.20/2.50 according to Yahoo...
2.20 up to 2.50 = 17%...
so i take 07 eps = 2.20 and multiply by 17 = 37.4= 200 day...
then i take 08 eps = 2.50 and multiply by 17 = 42.5 = last high....
quite a major coincidence.....
07/08 eps estimate...on GE hasn’t changed in 9 months...
INTC book value
07/08 --1.19/1.48= 23%
1.19-x-23 = 27.3 target met...
27.5 last high + ¼ (23%) = 28.75 = next high...
UNG RSI 30.5 = I BOUGHT IT..
CNQ RSI 30.5 = I BOUGHT THAT TOO
CCJ RSI 36, WILL WAIT FOR RSI 30.9
CVS AND WAG ...ADD TO BUY WATCH LIST...
QID AT 40 TODAY = SHORT SELL SIGNAL = BUY THE QQQQ
SO I BOUGHT THE QQQQ....
BUT THEN FRIDAY IS EMPLOYMENT REPORT......AND IT'S JUST DISMANTLING...WHICH IS PAST DISMAL...WHICH IS BLACK FRIDAY IN PROPORTION...SO IM BUYING ALL PUTS ON THURSDAY AHEAD OF BLACK FRIDAY EMPLOYMENT REPORT....
HERE"S a follow up report on CNQ
CNQ is at RSI 30.5...a drop below RSI 30.5 and the market is going to take CNQ down to RSI 25 = 60.0....if RSI goes below 30.2 ....get out....
Canada passed a Royalty Law Nov 29th...that affects CNQ profits....and capital spending...
This is critical to start finding the reports on Q4 S&P 500 eps estimates....
I’m trying to find out how much the Q3 eps estimates for the S&P 500 were...
they were supposed to be 6%..but they weren’t because GM $39 billion Q3 charge..plus some other negatives, may have brought the Q3 down to 1.1%...
and then there’s another site says it was –2.5%....
My point is...Q4 eps estimates were supposed to be 11%...
but since C,BSC,JPM,GS,BAC,FNM,FRE,CFC, have taken a “CHARGE”....- sub-prime ...
well any way if it's $80 billion ( which i haven’t kept up with all the announcements, i just know they were HUGE)...
if that is the total...the Q4 estimates might only be 1.1% / 2.5%--too.....
if that’s the case...and i suspect it is...
then the DEC high will only be DIA 141 + 1.1% / 2.5%---or 142.5 / 144...well that’s just terrible...
or SPY ---1600 / 1635
qqqq still males it to $60....qqqq is HOT....
Q1 - 2008 = 11% ( this might actually be for real, this time).....
so look for SPY in the 1700's---in may / june then reversal HUGE....
and then MAY / JUNE 2008....look for recession
= 20 to 30% correction....that's over 400 down points on the SPY.....so enjoy these 1400's while you can.....
zee
5 comments:
Zee, how do u know friday report will be dismal? is it going to crash the market?
HERE"S a follow up report on CNQ
CNQ is at RSI 30.5...a drop below RSI 30.5 and the market is going to take CNQ down to RSI 25 = 60.0....if RSI goes below 30.2 ....get out....
Canada passed a Royalty Law Nov 29th...that affects CNQ profits....and capital spending...
jet no matter what happens qqqq at 50.3 is always a buy...the rest of Dec....
just that on FRI...employment report makes it hard for retail stocks and housing stocks to go up...75K estimate...that's a pretty dismal monthly jobs report...it means about 50,000 people got left out of jobs...
Z,
curious...
"2.20 up to 2.50 = 17%..."
That doesn't add up to me...
.30/2.20 = 13.6%, which is shown on the growth estimate section.
How did you get 17%?
tb
alright i made a mistake ...it's near 14%....i need to quit doing these in my head and get a calculator....
1/4 of 14 = 3.5%
14 + 3.5% = 17.5%.....so maybe INTC's next high isn't 28.7...hmmmm...
zee....
2.50 + 14% x(100)= $28.5 = 2008 book value....
but then keep adding in 3.5% every 30 / 45 days..cause they keep raising the eps estimate every 30 to 45 days....
this is INTC...it's more like calculus than percents......
zee
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