Stoolander Posted August 8, 2003 Report Share Posted August 8, 2003 Do not take your eye off the ball. Link to comment Share on other sites More sharing options...
Pee Brain Posted August 8, 2003 Report Share Posted August 8, 2003 any thoughts on the last 2 candlesticks - inverted hammer and then regular hammer. have seen these patterns for years and really cant get a read on them. maybe there is a volume component... biggest volume eventually wins? PeeB Link to comment Share on other sites More sharing options...
Guest Posted August 8, 2003 Report Share Posted August 8, 2003 Reuters Lawsuits Mount Against Freddie Mac Friday August 8, 5:10 pm ET By Lynn Adler NEW YORK (Reuters) - Two states and a labor union pension fund are suing U.S. home finance company Freddie Mac to recover lost funds, accusing the company of misleading investors. Freddie Mac (NYSE:FRE - News), the second-largest buyer of U.S. home mortgages, in June ousted top management and announced federal probes into accounting problems uncovered during an earnings restatement. The company recently admitted it massaged earnings from 2000 through 2002 to smooth results http://biz.yahoo.com/rb/030808/financial_f...eddiemac_8.html Link to comment Share on other sites More sharing options...
bubbadropping Posted August 8, 2003 Report Share Posted August 8, 2003 Not a good sign when this board starts getting excited about new highs in metal. I will be distributing into this rally, I remember too well the two times before when we approached these areas. Strictly trading articles, highly volatile. Breakouts for daytraders only using 5 minute candles. You want to buy and hold miners at these levels? good luck. and incidentally, I do hope I am wrong. This Market feverishly looks for rotation from one worthless sector to another. It is the way of the speculator. Any analysis out past a short time frame is so rife with ifs ands and buts that it begs all logic and demands that the beleiver check his brain at the door. best to all riverboaters, keep your time frame short and never ever put your stops in logical places or at round numbers unless you like dressing up like a Stag and walking around in the woods south of Waco on the first day of hunting season. buddha Link to comment Share on other sites More sharing options...
Guest Posted August 8, 2003 Report Share Posted August 8, 2003 Bristol-Myers subpoenaed by U.S. Attorney Friday August 8, 6:17 pm ET LOS ANGELES, Aug 8 (Reuters) - Bristol-Myers Squibb Co. (NYSE:BMY - News), which last month announced an internal investigation of its marketing practices, said in a regulatory filing on Friday that it received a subpoena from a U.S. Attorney's office related to the in-house review http://biz.yahoo.com/rc/030808/health_bris...tolmyers_1.html Link to comment Share on other sites More sharing options...
Guest Posted August 8, 2003 Report Share Posted August 8, 2003 Bristol-Myers Warned Over Pravachol Ads Friday August 8, 5:58 pm ET By Lisa Richwine WASHINGTON (Reuters) - The Food and Drug Administration on Friday accused Bristol-Myers Squibb (NYSE:BMY - News; NYSE:BMY - News) of running misleading advertisements for cholesterol-lowering drug Pravachol and asked the company to quickly run new ads correcting the impression left with patients. http://biz.yahoo.com/rb/030808/health_bris...ravachol_3.html Link to comment Share on other sites More sharing options...
Hiding Bear Posted August 8, 2003 Report Share Posted August 8, 2003 Not a good sign when this board starts getting excited about new highs in metal. I will be distributing into this rally, I remember too well the two times before when we approached these areas. Strictly trading articles, highly volatile. Breakouts for daytraders only using 5 minute candles. You want to buy and hold miners at these levels? good luck. and incidentally, I do hope I am wrong. This Market feverishly looks for rotation from one worthless sector to another. It is the way of the speculator. Any analysis out past a short time frame is so rife with ifs ands and buts that it begs all logic and demands that the beleiver check his brain at the door. best to all riverboaters, keep your time frame short and never ever put your stops in logical places or at round numbers unless you like dressing up like a Stag and walking around in the woods south of Waco on the first day of hunting season. buddha I have to agree, until we see gold and silver bullion breaking to new highs we will not have an extended multi-week, super bull move in the PMs. All other moves are just temporary speculative swings, the same as we see in the internuts all the time. Of course, those that can riverboat these day to day moves like Mark have my admiration. I even riverboated some of these based on jrmfl's general advice a year ago, but only used 5% of my total capital. Be patient, the FEED is backing off here since June. Looking for the real bull run in PMs to start later in the year. Link to comment Share on other sites More sharing options...
wndysrf Posted August 8, 2003 Author Report Share Posted August 8, 2003 BuddhaBro: Your advice taken. I'll take my chances and hold. SINA was Riverboated from $2 to $30 in less than a year. QueerLogic stampeded from $18 to $50 in even less time. Any reason why the same cannot happen in gold and silver? Key to Riverboating is to identify the next mania. Next mania may in gold and silver. Maybe some other commodity, like soybeans. Who knows? Maybe after that the mania will shift to Beanie Babies, Movie Star Bra Collections, quart cans of Crude Oil, or something else. Eventually, StockCharts will be charting all kinds of hard goods and commodities, as paper crap gets flushed down the toilet. Best to run whichever way the Wildebeasts are going. Never underestimate the length and strength of a mania. It could last far longer than anyone expects. I told everyone to sell real estate 3 years ago. Now they think I'm a jerk. I'm just a betting man, no different than those Chinese guys playing Mah Jong or whatever at the Bicycle Club. Just trying to sniff out the next Ponzi Scheme. Link to comment Share on other sites More sharing options...
Betty Blozenfux Posted August 8, 2003 Report Share Posted August 8, 2003 Not a good sign when this board starts getting excited about new highs in metal. I will be distributing into this rally, I remember too well the two times before when we approached these areas. Strictly trading articles, highly volatile. Breakouts for daytraders only using 5 minute candles. You want to buy and hold miners at these levels? good luck. and incidentally, I do hope I am wrong. This Market feverishly looks for rotation from one worthless sector to another. It is the way of the speculator. Any analysis out past a short time frame is so rife with ifs ands and buts that it begs all logic and demands that the beleiver check his brain at the door. best to all riverboaters, keep your time frame short and never ever put your stops in logical places or at round numbers unless you like dressing up like a Stag and walking around in the woods south of Waco on the first day of hunting season. buddha Thanks, Booty, I owe you a freebie! I got chastized last night for this viewpoint. Today's boner run (I like boners just as much as anyone :grin: ) was probably inspired by the takeover talk with GOLD, so everyone jumped into all the jrs thinking they are the next takeover candidate. The ones that made the spectacular runs are those with no earnings. I wonder what the short interest is on these bottlerockets? Another mania? Don't get me wrong- I like gold as much as any other bleached-blond chick. I just don't think this is sustainable. We'll see. I left some money selling 1/2 yesterday. For the others here- good call. I hope it keeps running. I also apologized to TE and tried to resolve the problem, which he blew all out of proportion. I have absolutely nothing against him and hope he posts some good lyrics tonight so that me and Johnny can sing along together and jump up and down in front of the puter screen- Kinky huh? Sometimes he's a little too emotional when someone disagrees with him. PS- to BARE with much love- I really do like you, you PERVERT! Link to comment Share on other sites More sharing options...
Jorma Posted August 8, 2003 Report Share Posted August 8, 2003 I sold most of my miners today, on sort of impulse. Seeing the PM rally I put in some limt sells at what I thought were impossible prices and dang they almost all got hit. I'll gladly reenter at these prices again on the way back up after a pullback but if I have to buy higher, well, so it goes. I've got a soft target of 25% long miners I want to be in for the long haul. The chances this is THE breakout improved greatly with my sell people. Take note. No blowups in credit bubble land. Yet. Or none apparant. My hats off the Greenman and the boys. Even the lies known as economic statistics, parsed for BS and adjusted down accordingly, suggests the economy isn't getting any worse here,lookng at coincident to slightly trailing numbers. Enough so to suggest to me no dive yet. Woe will be the day the numbers turn down again. This is of course when AMAT will rise again. When it is needed. I'd say Mark that since AMAT isn't needed now to keep hope alive, since the 'economy is getting better' meme is acendent again, that this is the perfect time for its pullback. Link to comment Share on other sites More sharing options...
Old Habits Posted August 8, 2003 Report Share Posted August 8, 2003 Not a good sign when this board starts getting excited about new highs in metal. I will be distributing into this rally, I remember too well the two times before when we approached these areas. Strictly trading articles, highly volatile. Breakouts for daytraders only using 5 minute candles. You want to buy and hold miners at these levels? good luck. and incidentally, I do hope I am wrong. This Market feverishly looks for rotation from one worthless sector to another. It is the way of the speculator. Any analysis out past a short time frame is so rife with ifs ands and buts that it begs all logic and demands that the beleiver check his brain at the door. best to all riverboaters, keep your time frame short and never ever put your stops in logical places or at round numbers unless you like dressing up like a Stag and walking around in the woods south of Waco on the first day of hunting season. buddha Budda I thought you sold all your miners last week? I'm with Mark. Someone over on Goldenstool, said BGO last hit $1.92 on 5/22/02 on 7 million shares. Today, it hit $2.02 and closed @ $1.98 on 9 million shares. I will sell when these things start trading 50 million shares a day @ much higher prices - I think. Link to comment Share on other sites More sharing options...
EasyAl Posted August 8, 2003 Report Share Posted August 8, 2003 Looks like credit spread for junk bond is slowly widening. Link to comment Share on other sites More sharing options...
summoner Posted August 8, 2003 Report Share Posted August 8, 2003 Betty say it aint so, the cuffs and collars dont match ?......seller beware: Go look at the weekly on BGO it doesnt get any better! Link to comment Share on other sites More sharing options...
BAREister Posted August 8, 2003 Report Share Posted August 8, 2003 Dear Bullsh**etc... Please doSNOT? talk in DOUBLE NEGATIVES!!!!!! UDDER>>>wise the (gentle? lmazzoff) readerz here might miss>>STEAK yew FUR a.................... ............................FURa....................................DARE HRFF SAY it???............. LAWYER!!! or, WORSE STILL assengaging? in the ARCANE, OBSCURE LEXICON of Mr. TwoScrewsLoose who is, ass y'all see every day here, practically, wont to talk in STRANGE TONGUES. lolol Link to comment Share on other sites More sharing options...
crooked_analyst Posted August 8, 2003 Report Share Posted August 8, 2003 missed selling my NEM yesterday by .11. better to be lucky than smart. nice surprise after working all day in the heat. very nice day for gold positions, and congrats to the boys/girls on goldstool - they have quietly been hitting the cover off of the ball for months. Pee Brain.... Love the new Avitar! Link to comment Share on other sites More sharing options...
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