Guess What?
Tuesday, February 19, 2008 at 07:38AM Boy, I am sure glad I own GLD this morning...
While I gather my thoughts this morning, I thought you might want to know that due to unforeseen issues, this weeks watchlist has been delayed until much later today. Maybe even tonight.
In the meantime, I am going hunting. I'll be back with a few ideas this afternoon.








Reader Comments (38)
That's OK, Jeff! There are still plenty of great set-ups on your previous lists.:-)
Thank-you for all you do for us.
Jeff:
GLD: Me too. I got back in last week thank goodness.
OA's: Lets all make some money this week
raimo,
Are you taking down ADM so early in the day w/o volume confirmation? Also shouldn't you wait till the end of the day on a breakout for price confirmation? (To avoid head fakes)
Glad I still held onto ABX, however it hasnt moved as much as I had hoped based on the move in GLD...thats the problem with a stock, I suppose, too many other variables.
ADM loking good; I wish it was a put play though; anyone see any good short setups?
Westy, LM looks awesome. Thanks, bud.
Raimo, thanks for the heads up on ADM, man.
Good to be back in the trading seat after weeks with no computer. Got my first Mac. It is taking some adjusting, but I would recommend it. Took everyone's advice, got two monitors. HUGE difference in information flow. Glad to see everyone here moving onward and upward as my pappy likes to say.
Now, if I can remember how to make some money...
LM as a put play is the best I see out there.
I Closed out of LRCX puts, and CREE calls this morning.
Jym..ADM just on the Radar..trade as u see fit....
Bear hunting, bull hunting, or stock hunting?
mram, I own a few ABX calls as well. You planning on holding over earnings in a couple of days?I likely will.Any other thoughts on this?
raimo,
Thanks. On the radar here too.
Jim D
I plan to hold thru earnings. My plan was to exit at 47.50
With gold up big theres got to be a pop sooner or later in ABX, if you compare longer term charts, the correlation is pretty tight.
Somebody mentioned MIL earlier - looks like a great short setup - anyone else see that?
I;m just thrilled I didn't listen to GS and doubled down on CNX.
Raimo,
What is the new crystal ball that you mentioned on the previous post?
Jeff; (Re: you said you're glad you own "GLD") YES!!!! Thanks for "GLD"; and, thanks for "CNX", also.
As Jack Black said in 'Holiday', "The man is a Rock Star!"
Calling Arnold T Pants Esquire
Did you take down some HANS calls on Friday?
I've seen the correlation as well.You would also think w/the increase in price of gold that has to be a positive for future outlook on earnings although w/ earnings sometimes nothing makes sense.
Laney,
Some things I have to keep to myself..its a superstition thing...
Raimo,
I bet if Jodi wanted it, you'd share. Hrmph!
:-)
No problem.
Raimo,
Any thoughts on USG? Are you still holding them?
I guess those of us who have been waiting for HANS to break out to the downside will have to admit that is something that is not happening any time soon
I've been on the wrong side of HANS twice now, got my brains beat out. HANS goes on my 'Do not go near' list.
Scooter,
Speaking of shopping.......PTR good put candidate here......you agree?
Why is the VIX up when the market is up?
Huh.
Anyone selling coal into strength here?
Speaking of giving thanks (to Jeff), CLF!! sweet move today...THANKS Jeff!
Anyone like AEM.. Seems to be getting ready to break out....
AEM looks like a great ascending triangle setup, but Earnings are out tomorrow. That scares me. Hmmm...
I'm stalking ABT as a potential bearish idea...
AMG triangle anyone?
DrDirt,
Since the subprime mess, I am very cautious on any words that an investment bank says. They continue to up/downgrade each other (now). While they ALL thought subprime was a GOOD idea.
Just makes me take the other side of what they think.
Berkshire
Boy, I am sure glad I own AEM this am.
Laney,
Market is off 100 from the high. I think the VIX was down at the open. So it has moved up as the market has declined. Like it's supposed too. Why I don't know. If VIX is a measure of uncertainty, why does it always go up as the market goes down? What is the correlation between declining markets and volatility. Shouldn't sharply advancing markets also increase volatility? Am I missing something?
mram-
I like the setup on MIL, but I cannot make it fit my reward:risk calculations.
raimo, put a thx and comment on previous thread before I noticed there were clean cups available. Thx again
APOL broke support
ZG8J = $$$
Jeff,
DBA is following GLD and USO much higher today. With dropping bond prices, lower dollar, unrealistic interest rates, and weak equities, seems the market is pricing in higher inflation. Can anyone say stagflation? Seems like the environment is changing to an environment where equities will under-perform other asset classes. Would you consider talking about the macro-economic forces at work now, and perhaps discuss the current environment?
Jeff,
GLD, buy the dips and take it for the long ride!!!
POT, Took my little bite of profits this morning and I am hunting for a few more incredible trades.
Take a look at PRGO, CLF, MTL, POT (STILL), PCP, QCOM, MTRB, BA, STJ, - ALL BULLISH PLAYS. EW, PTNR HANS, PCLN, SFG, AHG, VAL - ALL PATTERNS. AND THE WAIT FOR TIMING PICKS - AKAM, BMRN, AEM.
Am I getting under the radar with these????
Out - Steve
CLEAN CUPS!!!!