rayok Posted January 9, 2003 Report Share Posted January 9, 2003 Rayok- better be careful, or I'll have to give you your own forum. ? ? ? Hi Doc. My finger is smoking tonight. I just did a six liner Link to comment Share on other sites More sharing options...
Charliss Posted January 9, 2003 Report Share Posted January 9, 2003 My question for the night is this... is it safe to go long on some mining stocks? I'd like to buy some paas, gg, and hmy, but have been afraid to press the buy button. Currently my account is 30% bearx and 70% cash. Since Big Al decided that my cash will only earn 1% I'm looking for something with a better rate of return. Do not under estimate the power of relative out-performance. If your neighbor loses 50%, he now needs over 100% to catch up to your 1%. If you can't pull the trigger on gold, it's probably because you are too busy looking for that magic buy indicator. Take 10%(or what ever is comfortable) of your cash, divide by three, and scale in. Thanks. Important post. Succinct. By scaling in, my position is more secure- in price, and psychologically during the inevitable shake-out. Link to comment Share on other sites More sharing options...
Guest Posted January 9, 2003 Report Share Posted January 9, 2003 ...but like TE said its not too late. ?Do it ! ?If you're skittish just do BEARX, it barely gets spanked in rallies and performs like RYAIX when the market takes it in the butt. ?Buy it and forget about it. ?Now's the time. ?Don't delay call today!... Yea, "We have Operators standing by." And what Operators they are. I decided to wait today as well in case this was a headfake. Like what you were mentioning on IDS this morning Piles. By afternoon I was concerned the drop had already started. I just hope Thursday and/or Friday are strong enough for me to do my shorts in on a good up move. Just give me one more chance. I don't want to be out of this next week. We shall see. Link to comment Share on other sites More sharing options...
brian4 Posted January 9, 2003 Report Share Posted January 9, 2003 Charliss-GG is run by a fellow called Bob McEwen who is smart and savvy and very market oriented-the funds love him-their property at Red Lake, Ontario is Canada's second largest mine-they have a huge chunk of ground in addition to the existing mine and as they drill their reserves and grade keep going up and up-they pay a good dividend which you can take in cash or i kid you not Gold. They have zero debt and are unhedged. Last month McEwen announced they hat made 3 Million bucks trading PDG stock (which they believe is undervalued) and he stated they might take a run at PDG. Now Placer is the 3rd largest miner in the world and is undervalued due to the people who run it-if GG took it out the new company would soar. Trade safe! Link to comment Share on other sites More sharing options...
The End Posted January 9, 2003 Report Share Posted January 9, 2003 Mousey, The discounters will be gone by the time this is all over. How the heck they make $$$ on margin and $8.00 trades is beyond my traditional brokerage house way of thinking. Link to comment Share on other sites More sharing options...
PileDriver Posted January 9, 2003 Report Share Posted January 9, 2003 Mousey, this (p/c ratio) is what I too noticed about today, thinking head-fake down before one more pop up to finish it off for good. http://www.internetstockreport.com/close/a...1566711,00.html plus it didn't look like the rally off Dec 31 low is complete time-wise, price-wise it was yesterday as SG noted. I'd rather wait to at least Jan 10/13 fib date before adding the more aggressive shorting strategies and losing the screamers. BEARX you can do at anytime at this point. Link to comment Share on other sites More sharing options...
Guest Posted January 9, 2003 Report Share Posted January 9, 2003 SG got me a little nervous in that he made his massive move but, he says he is sometimes a bit early. The babes I want to hit didn't have much volume. That gave me a little solice. Link to comment Share on other sites More sharing options...
slinger Posted January 9, 2003 Report Share Posted January 9, 2003 I'm not an ewaver, but I do like to see the different scenarios. Here's a possible scenario. Probably not likely, but still a possibility. SPX chart Link to comment Share on other sites More sharing options...
Guest AssMaster Posted January 9, 2003 Report Share Posted January 9, 2003 Re: miners I'm 80 percent invested, but putting bids under the market for some of the stronger stocks like so... buy 100 shrs @ -5% buy 200 shrs @ -10% buy 400 shrs @ -15% if the bids get hit, fine. If not, well the other 80% are going up anyway (except #&(%-ing Hecla!), so who cares? Also, bought the Dundee Precious Metals fund yesterday and the damned thing was up 10% in one day. Will be buying more on any pullbacks. Link to comment Share on other sites More sharing options...
The End Posted January 9, 2003 Report Share Posted January 9, 2003 Slinger, I got NO problem with dat count. My count allows for a move to 958 (c=a).figure that out. I really don't think we make it past 950. Link to comment Share on other sites More sharing options...
The End Posted January 9, 2003 Report Share Posted January 9, 2003 In fact if we break above 975 or so we are in a new BULL market! There i said it. That was very hard to type. Link to comment Share on other sites More sharing options...
slinger Posted January 9, 2003 Report Share Posted January 9, 2003 End, you've got a great slugging percentage lately. I wish I understood all that ewave stuff. I guess I need to get a book. According to that chart, though, they think the SPX may try to go up to 1025 or even higher. That is hard for me to fathom, but still a possibility. Link to comment Share on other sites More sharing options...
wndysrf Posted January 9, 2003 Author Report Share Posted January 9, 2003 Short Idea: Double top, negative MACD divergence. ................ Morning HeatMap Long Idea: Big earnings surprise afterhours. "Teen clothing retailer Hot Topic Inc. (HOTT) on Wednesday said December sales at stores open at least a year rose 10.6 percent, boosted by strong holiday sales of its music-themed merchandise. The retailer also forecast fourth-quarter profit to slightly exceed Wall Street's current estimates or to be 25 percent up from a year ago. It cited lower than planned level of markdowns this past December." ................ Long term bottom, positive MACD divergence, stock is prone to huge squeezes from this level. Link to comment Share on other sites More sharing options...
PileDriver Posted January 9, 2003 Report Share Posted January 9, 2003 TE...thanks For anyone out there worried (paranoid) there is substantial upside, forget about it. We're hitting the ceiling here. Last time %sells was this low (%buys this high) was Jan 16, 2002. Massive declines always ensued. :grin: Sorry Pudlow and Creamer...NO SOUP FOR YOU - NEXT ! Link to comment Share on other sites More sharing options...
slinger Posted January 9, 2003 Report Share Posted January 9, 2003 Here's some good T & A charts on the Nasdaq 100 that I found over at stockcharts.com It appears that we are sitting on the lower part of the uptrending channel and also at a fib support. That meshes well with the Dover Sole conditions in the stochastics, descending wedge on the SPX and DOW, and 1400 held on the Nasdaq. Seems to be a setup for a little bounce. We shall see.... Link to comment Share on other sites More sharing options...
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